Veza, an identity security and authorization software, was acquired by AI-based IT service management software, ServiceNow, for $1B to make safer access decisions that protect businesses, and to defend their high-value data assets from AI-powered attacks.

Newfront, a developer of insurance benefits software, was purchased by risk management and assessment insurance services provider Willis Towers Watson for $1B to strengthen its presence in the US middle market, accelerate its technology and specialty strategies, and enable the delivery of an integrated, end-to-end technology platform.

In August, Sapiens, an insurance business processes management SaaS and software provider, was bought by private equity firm, Advent International for $2.5B to accelerate investment into technology innovation, AI, and customer centricity.

Navex Global, a provider of governance, risk, and compliance software, was acquired by Goldman Sachs in July for $2.5B to bolster Navex’s position as the global leader in ethics, risk and compliance management software.

CyberArk, an identity security and access management software developer, was purchased by AI-based cybersecurity software company Palo Alto Networks for $25B to provide customers with the optimal combination of best of breed technology and integrated platforms to deliver near real-time security outcomes.

In June, vLex, an AI-powered legal software, was purchased by law firm management software company Clio for $1B to establish a new category of intelligent legal technology.

We tracked 1 megadeal in the RegTech sector – Dun & Bradstreet, a provider of finance, compliance, and risk solutions, was acquired by Clearlake Capital Group in March for $7.7B to deliver AI-powered offerings to its global customer base.

Credas Technologies, an identity verification software company, was sold to an anti-money laundering and digital compliance software company, SmartSearch, for $104M to combine strengths and deliver innovation and service.

Libra Technology, a legal collaboration software developer, was purchased by Wolters Kluwer Legal & Regulatory for $104M to complement its expert AI solutions.

NorthRow, a provider of anti-money laundering compliance and identity verification software, was bought by ID-Pal, an AI-powered identity verification and compliance management company, to unify its process within one comprehensive platform that defends businesses against fraud at every entry point and avoids noncompliance fines.