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- Climb's M&A Weekly: Salesforce, EQT, and SAIC all feature
Climb's M&A Weekly: Salesforce, EQT, and SAIC all feature
Salesforce acquires Apromore and EQT invests in Harvey
Climb Advisors Weekly
October 12, 2025
Welcome back to the Climb Advisors weekly newsletter with five deals from across the B2B tech landscape.
Climb Advisors focuses on sell-side advisory for B2B Software and services companies generating $5m-$15m in revenue. We also advise on credit solutions for companies of the same profile & in select cases engage in retained buy-side processes for quality buyers. We love to talk markets and make introductions - please don’t hesitate to reach out if you’re a founder or investor looking to transact.
Salesforce acquires Apromore, a process intelligence platform
Overview: Salesforce purchases Apromore, a provider of process intelligence software that helps organizations optimize business processes. The acquisition brings Apromore's process intelligence and optimization capabilities directly into the Salesforce platform. Apromore's technology will integrate with Agentforce, Salesforce's agentic AI platform. Read more here.
Climb Comment: This acquisition is a significant step in Salesforce's agentic AI process automation strategy. The deal comes shortly after their $8 billion purchase of Informatica. Apromore's capabilities include process and task mining, digital twins and simulation, and root-cause analysis and compliance assurance. The majority of Apromore's customers already deploy the technology on Salesforce, which should make the integration process relatively smooth. Salesforce is continuing to show their agentic AI and agentforce commitment.
SAIC acquires SilverEdge Government Services
Overview: SAIC, a government technology and consulting firm, purchases SilverEdge Government Services for $205 million in cash. SilverEdge is a SaaS provider with extensive defense and intelligence contracts, currently owned by Godspeed Capital. Read more here.
Climb Comment: SilverEdge was created in 2022 from the combination of Varen Technologies, Exceptional Software Strategies, and Savli Group, and has since acquired Gardetto and Counter Threat Solutions to build out its platform. Much of SilverEdge's work is in the classified world, including a $164 million SaaS contract for unnamed US government agencies. SilverEdge recently announced the rollout of MynAI, an agentic AI platform specifically optimized for US government agencies. MynAI has top secret authorization and this acquisition advances SAIC's strategy of bringing mission-focused, IP-based solutions and commercial products to government customers.
Vistara Growth invests $12 million in Authentic8
Overview: Vistara Growth, a Vancouver-based growth equity firm, invests $12 million in Authentic8, a cybersecurity company. The deal is structured as a debt facility that helps Authentic8 refinance and expand its capital base to support the next stage of growth, broadening its technology platform and expanding market reach. Read more here.
Climb Comment: Authentic8's flagship product, Silo, is a cloud-native digital intelligence platform enabling direct engagement and interaction with cyber threats. Nearly 800 government agencies and commercial enterprises rely on Authentic8 to safeguard their risk intelligence operations. In today's increasingly complex threat landscape, risk teams use Authentic8's platform to investigate threats at the source while ensuring safety, control, and compliance over their intelligence work. With this investment, Authentic8 can accelerate product innovation and deepen engagement with government and enterprise customers.
EQT Growth invests €50 million in Harvey
Overview: EQT Growth makes a €50 million strategic investment ($58.6 million) in Harvey, a domain-specific AI for legal and professional services. The investment supports Harvey's rapid international expansion efforts. Harvey is transforming legal and professional services by combining legal and AI expertise to streamline workflows for law firms and large enterprises. Read more here.
Climb Comment: This investment comes as a part of Harvey's $300 million Series E raise led by Kleiner Perkins and Coatue in June 2025. Harvey's integrated systems enable faster, smarter execution in areas including contract analysis, due diligence, compliance, and litigation. EQT's deep European heritage and global platform across Europe, Asia, and North America positions it well to support Harvey as it continues building upon its leading positions in Europe and the US. The AI professional services market is quickly evolving, and Harvey has established itself as a leader with standout product, team, adoption, and usage metrics.
Spectrum Equity invests $180 million in CyberCube
Overview: Spectrum Equity makes an investment of $180 million in CyberCube, a cyber risk modeling and analytics business. With the investment, Spectrum Equity joins existing backers ForgePoint Capital, Hudson Structured Capital Management, and MTech Capital supporting the company's long-term growth and innovation. Read more here.
Climb Comment: CyberCube is a trusted partner to more than 130 clients across the cyber insurance value chain. Its solutions are utilized by 75% of the top 40 US and European cyber insurers by gross written premiums and the majority of the top 20 global insurance brokers. The new investment will fuel long-term development of CyberCube's products while accelerating go-to-market expansion in the global insurance, reinsurance, and broking industry. So far in 2025, CyberCube launched several innovations including Exposure Manager, the first tool allowing insurers to evaluate cyber risk across entire portfolios efficiently with quantified data.
Article of the week
This week we are sharing the opening keynote from OpenAI’s developer day.
Thanks for following along & hope you found something useful or interesting. Please don’t hesitate to reach out if you’re considering a sale this year - we’re always glad to chat & share perspective.
All the best,
Nick