- In September 2023, Kingsway Financial Services Inc. established Vertical Market Solutions, LLC and acquired Systems Products International, Inc., marking its fourth acquisition under the Kingsway Search Xcelerator Program. This move aimed to create a platform for future vertical market software acquisitions
- In March 2023, Siemens launched a new Intralogistics vertical in the U.S., providing material handling solutions. Led by Joel Thomas, the initiative focused on addressing digital transformation, cybersecurity, safety, and sustainability, while also supporting industry education programs for future warehouse management
- In March 2023, Constellation Software Inc. announced that its Perseus operating group had successfully completed the acquisition of a U.S.-based vertical market software provider, reinforcing its commitment to delivering long-term solutions to customers
- In February 2023, Vertical Insure, an embedded insurance platform, secured an additional USD 2 million in funding, increasing its total initial investment to USD 6 million. The funding round was led by Greenlight Re Innovations, along with participation from Groove Capital, Daren Cotter, and other tactical angel investors. Vertical Insure offers white-label insurance products embedded in vertical SaaS platforms for existing clients
- In November 2022, Prismforce, a vertical SaaS company focused on enabling IT organizations to build a digital talent supply chain, raised USD 13.6 million in Series A funding from Sequoia Capital India. The company planned to utilize the funds to expand its talent pool, enhance market reach, and strengthen its product portfolio. Prismforce has live installations with leading IT providers and rapidly growing digital firms in the U.S. and India
