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.

In July, Wolters Kluwer Financial Services, the finance, risk and regulatory reporting unit of Wolters Kluwer, was bought by Regnology, a regulatory reporting software provider, for $524M to bring additional expertise and reach that will enhance Regnology’s ability to serve clients globally.

Performant, a payment integrity, eligibility verification, and data analytics software provider, was purchased by Machinify, an AI-enabled administration management software company, for $670M to deliver quality, timely payments at dramatically reduced administrative costs.

In August, Axiom Security, a cloud-native privileged access management software provider, was sold to identity and access management software, Okta, for $100M to extend their identity security fabric to more privileged accounts and resources.

In June, a provider of technology solutions for insurance brokers, Agger, was sold to financial technology solutions company, Dimensa, for $45M to expand its presence in the insurance sector.

In May, Brightflag, an AI-powered legal management software provider, was purchased by Wolters Kluwer for $480M to continue to lead the way in AI-powered legal technology tailored to the evolving demands of corporate legal departments.