Software and technology private equity firm

Marlin Equity Partners

  • HeadquartersLos Angeles, CA S4
  • Founded2005 S2
  • Websitemarlinequity.com
  • Last verifiedOctober 20, 2026

At a glance

Deal typesPlatform, Add-on, Growth S2
SectorsSoftware & SaaS, IT Services & MSP, Cybersecurity

What Marlin Equity Partners buys

Marlin Equity Partners, founded in 2005, is based in the Los Angeles area with a second office in London and invests only in software, technology and tech services companies. It reports nearly $10 billion of capital commitments and more than 270 acquisitions. Most holdings are software for compliance, healthcare, finance, e-commerce, marketing, and learning and HR. A smaller group are services businesses, including AVI-SPL (audio visual and video conferencing installs), Allbridge (TV and network connections for hotels) and Beyond, a UK cloud consultancy. Much of its recent activity is in Europe, and its newest fund, Marlin Heritage Europe III, closed at 1 billion euros in June 2025.

Marlin does not publish revenue or EBITDA limits but says its capital serves the middle and lower middle market, including complicated situations. It makes majority growth investments, take-privates and many add-ons: Learning Pool alone bought WorkRamp, Elucidat, WorkStep and Confirm between October 2025 and May 2026. A smaller software or tech services company is most likely to meet Marlin as an add-on to one of its platforms.

Recent deals

Announced in the 24 months before October 20, 2026.

DateCompanyTypeSectorSource
Oct 2026Rystad EnergyAgreement to make a growth investment in an Oslo energy research and data platform, partnering with its founderGrowthSoftware & SaaSSource
Aug 2026CemplicityPatient experience and outcomes platform merged into Radar HealthcareAdd-onSoftware & SaaSSource
May 2026Confirm HRAI performance management software merged into Learning PoolAdd-onSoftware & SaaSSource
Apr 2026WorkStepEngagement software for frontline workers added to Learning PoolAdd-onSoftware & SaaSSource
Jan 2026NovaSparksLow-latency market data technology for electronic trading merged into ExegyAdd-onSoftware & SaaSSource
Oct 2025ElucidatCloud course authoring tool added to Learning PoolAdd-onSoftware & SaaSSource
Oct 2025WorkRampSan Francisco learning management system added to Learning PoolAdd-onSoftware & SaaSSource
Oct 2025Intelligent LocationsGrowth investment in a Raleigh maker of real-time location software for hospitals; the founder and earlier backers keep large stakesGrowthSoftware & SaaSSource
Sep 2025TIQQESwedish cloud engineering and DevOps consultancy to join Qodea, now called BeyondAdd-onIT Services & MSPSource
Aug 2025Brightwell NavigatorMaritime crew payroll and payments unit carved out of Atlanta-based Brightwell and added to MarcuraAdd-onSoftware & SaaSSource
Jul 2025SourcepointData privacy software company merged into DidomiAdd-onSoftware & SaaSSource
Jun 2025Marlin Heritage Europe IIIThird Europe fund closed at its hard cap of 1 billion euros, more than 50% above the prior Europe fundFund closeSource
Apr 2025DidomiMajority growth investment in a Paris consent management software company, which bought Addingwell at the same timePlatformSoftware & SaaSSource
Feb 2025EIDO HealthcareDigital patient consent and information provider merged into Radar HealthcareAdd-onSoftware & SaaSSource
Feb 2025Napier AIMajority growth investment in a London anti-money laundering software companyPlatformSoftware & SaaSSource
Dec 2024tmc3UK cyber security services firm to join Qodea, now called BeyondAdd-onCybersecuritySource
Nov 2024Aer ComplianceNew York crypto trading compliance software added to StarComplianceAdd-onSoftware & SaaSSource
Nov 2024Radar HealthcareMajority growth investment in a Leeds, UK maker of risk and compliance software for health and social carePlatformSoftware & SaaSSource

Portfolio by sector

From the firm's portfolio page S3.

Collaboration

  • Haiilo
  • OpenAsset

Communications

  • Puzzel

Cybersecurity

  • Heimdal
  • Silobreaker

Data & Analytics

  • Meltwater
  • Reputation
  • Rystad Energy

E-commerce

  • Lengow
  • nShift

Education

  • Confirm (formerly Learning Pool)
  • LineLeader

Financial Technology

  • Altvia
  • Burroughs
  • Exegy
  • FrontStream
  • iBanFirst
  • Marcura
  • TaxSlayer
  • TRAFiX
  • Treasury Intelligence Solutions

Governance, Risk & Compliance

  • Didomi
  • Napier AI
  • ProcessUnity
  • StarCompliance
  • Tennaxia

Healthcare

  • ImagineSoftware
  • Intelligent Locations
  • Propelus
  • Radar Healthcare
  • RevenueWell

Infrastructure

  • ABBYY
  • Worksoft

Loyalty

  • Ebbo

Manufacturing

  • Dozuki

Marketing

  • Aprimo
  • Mapp

Office of the CFO

  • Medius
  • OnPay Solutions

Retail

  • Fourth

Services

  • Allbridge
  • AVI-SPL
  • Beyond
  • Tangoe

Supply Chain & Logistics

  • Baxter Planning
  • Linnworks

Telecommunications

  • Tellabs Access

Greymont’s take

How Marlin Equity Partners fits a seller

Marlin suits founders of software and tech-enabled businesses who want a buyer that knows their category and brings an in-house operations team. Most of its recent deals are add-ons merged into an existing platform, so a seller should expect to become part of a larger company, often under the platform's name and leadership. That can be a clean exit for a founder who sells everything; a founder who keeps a stake is betting on Marlin's next sale, and the firm says more than 75% of its exits since inception have gone to strategic buyers.

Owners of IT services firms should note that Marlin's latest services add-ons, TIQQE and tmc3, were in Europe. Ask whether the platform you would join is run from the US, how integration and branding will work, and what role you would keep after closing.

Questions owners ask

What kinds of companies does Marlin Equity Partners buy?

Software and technology businesses, plus some tech services companies. Its current holdings include compliance, healthcare, financial technology, e-commerce, learning and HR software, along with services firms such as AVI-SPL, Allbridge and Beyond.

Does Marlin buy IT services companies?

Yes, though less often than software. Its UK cloud consultancy Beyond, formerly Qodea, added cyber security firm tmc3 in December 2024 and Swedish cloud consultancy TIQQE in September 2025. In the US it owns AVI-SPL and Allbridge.

Who does Marlin usually sell its companies to?

Marlin said in June 2025 that more than 75% of its exits since it was founded have been sales to strategic acquirers. Past exits listed on its site include AdvancedMD to Global Payments and Anexinet to Mill Point Capital.

What is Marlin's newest fund?

Marlin Heritage Europe III closed in June 2025 at its 1 billion euro hard cap, more than 50% larger than its previous Europe fund. Its first investments included Treasury Intelligence Solutions, Radar Healthcare, Napier AI and Didomi.

Sources

  1. S1Marlin Equity Partners home page Accessed October 20, 2026
  2. S2Marlin Equity Partners: About Us Accessed October 20, 2026
  3. S3Marlin Equity Partners: Portfolio (with individual company pages) Accessed October 20, 2026
  4. S4Marlin Equity Partners Closes Latest Fund Oversubscribed at Hard Cap (June 24, 2025) Accessed October 20, 2026
  5. S5Marlin Signs Definitive Agreement to Complete Investment in Rystad Energy (October 5, 2026) Accessed October 20, 2026
  6. S6Marlin Equity Partners: News and Insights Accessed October 20, 2026
  7. S7Marlin portfolio: Beyond (formerly CTS and Qodea) Accessed October 20, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Marlin Equity Partners. Figures are as reported on the dates shown and may have changed. Request a correction

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