Technology

Canaan Inc. Provides July 2026 Bitcoin Production and Mining Operation Updates

Published

1 hour ago

August 17, 2026

SINGAPORE, Aug. 17, 2026 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in compute and energy infrastructure, today released its unaudited bitcoin mining update for the month ending July 31, 2026.

Management Commentary

“July was a month of continued operational discipline as we navigated a dynamic mining environment,” said Nangeng Zhang, chairman and chief executive officer of Canaan. “We mined 46 bitcoins during the period, bringing our cryptocurrency treasury to 1,917 BTC and 3,952 ETH at the month-end. Across our mining operations, our North American non-JV fleet maintained an average miner efficiency of 17.9 J/TH. Our joint venture operations continued to stabilize following the wildfire-related disruption at Alborz, with operating hashrate increasing steadily to 4.20 EH/s and installed hashrate reaching 4.85 EH/s at month-end.”

Zhang continued, “More broadly, our recently announced authorization for management to use a portion of our cryptocurrency treasury to fund share repurchases reflects a flexible and selective approach to treasury management. Bitcoin generated through our operations provides us with a strategic source of capital that can be monetized and redeployed when we believe market conditions make share repurchases an attractive use of capital and support long-term value creation on a per-share basis.”

“Looking ahead, we view our mining operations as more than a source of computing capacity. Combined with our disciplined approach to capital allocation, we believe Canaan is positioned to expand beyond computing hardware and to build a more integrated computing and energy platform, while creating additional opportunities to generate long-term value for our shareholders.”

July 2026 Bitcoin Mining Updates (unaudited)

Key Metrics

Results (Rounded Numbers)

Bitcoins Mined During the Month

46 BTC

Month-End Bitcoins and ETH Owned by Canaan
Inc. on Balance Sheet[1]

1,917 BTC

3,952 ETH

Month-End Installed Hashrate (EH/s)

Non-JV: 10.05 EH/s

JV[5]: 4.85 EH/s

Month-End Operating Hashrate (EH/s)[2]

Non-JV: 10.05 EH/s

JV[5]: 4.20 EH/s

Month-End Average Revenue Split[3]

60.6% (excluding JV ownership)

Average All-in Power Cost During the Month[4]

US$0.043/kWh

July 2026 Bitcoin Mining Infrastructure Updates (unaudited)

North America

Non-North America

Global

Month-End Average

Miner Efficiency

Non-JV: 17.9 J/TH

JV[5]: 24.8 J/TH

29.3 J/TH

Non-JV: 23.7 J/TH

JV[5]: 24.8 J/TH

Month-End Installed

Power Capacity

Non-JV: 88.7 MW

JV[5]: 120 MW

157.5 MW

Non-JV: 246.2 MW

JV[5]: 120 MW

Notes:

1. Defined as the total number of bitcoins and ETH owned by the Company on its balance sheet, including any bitcoins and ETH receivable, and excluding bitcoins and ETH received as customer deposits.

2. Defined as the operating hashrate that could theoretically be generated by all energized mining machines as of month-end, including machines that may be temporarily offline, and applies only to non-JV operations.

3. Defined as the weighted average percentage that Canaan would receive from the total revenues generated according to the applicable joint mining arrangements if 100% of the mining machines consisting of Installed Computing Power (as defined below) were energized.

4. Defined as the weighted average cost of power if 100% of the mining machines consisting of Installed Computing Power were energized.

5. “JV” represents the Company’s 49% stake in the Alborz, Bear, and Chief Mountain facilities in West Texas. JV metrics are shown separately and are not included in bitcoin production or average all-in power cost calculations.

Current Mining Projects (As of July 31, 2026):

Regions
in alphabetical order
(A to Z)

Active
Mining
Projects
Count

Operating
Computing
Power[6]

Installed
Computing
Power[7]

Expected
Computing
Power[8]

Estimated
Total
Computing
Power[9]

Global

14.24 EH/s

14.89 EH/s

0.10 EH/s

14.99 EH/s

America

4.90 EH/s

0.00 EH/s

4.90 EH/s

JV-WindHQ

4.20 EH/s

4.85 EH/s

0.00 EH/s

4.85 EH/s

Canada

0.06 EH/s

0.10 EH/s

0.16 EH/s

Ethiopia[10]

4.96 EH/s

0.00 EH/s

4.96 EH/s

Middle East

0.04 EH/s

0.00 EH/s

0.04 EH/s

Malaysia

0.08 EH/s

0.00 EH/s

0.08 EH/s

Notes:

6. Defined as the amount of computing power that could theoretically be generated if all mining machines that have been energized were currently in operation, including mining machines that may be temporarily offline, and applies only to non-JV operations.

7. Defined as the sum of Operating Computing Power and computing power that has been installed but not yet in operation, if any.

8. Defined as the amount of computing power that has been delivered to the country where each mining project is located, but not yet installed.

9. Defined as the sum of Installed Computing Power and Expected Computing Power.

10. Canaan has paused its mining operations in Ethiopia, but its hashrate remains part of the Company’s installed hashrate.

Recent Corporate Updates:

Authorized Share Repurchase Using Portion of Digital Asset Treasury

On August 4, 2026, the Company announced that it authorized its management to monetize a portion of its digital asset treasury to fund repurchases of its American Depositary Shares (“ADSs”). The repurchases will be executed under the Company’s existing share repurchase program authorized by its board of directors on December 12, 2025. Based on its current market capitalization, the Company is trading below the combined value of its digital asset holdings and cash position as reported on March 31, 2026. Management believes the current market value does not fully reflect the Company’s underlying assets and performance, making the deployment of digital assets for share buybacks an allocation of capital that demonstrates confidence in its long-term prospects and could enhance shareholder value.

Completed Transfer to Nasdaq Capital Market and Received an Additional 180-day Compliance Period

On July 1, 2026, Canaan completed the transfer of the listing of its American Depositary Shares from the Nasdaq Global Market to the Nasdaq Capital Market. The Company also applied for an additional 180-day compliance period to regain compliance with Nasdaq’s minimum bid price requirement while continuing to execute its long-term energy-plus-compute strategy. On July 15, 2026, the Company announced that it received written notification from The Nasdaq Stock Market LLC granting the Company an additional 180-day compliance period, or until January 11, 2027, to regain compliance with Nasdaq’s minimum bid price requirement under Listing Rule 5550(a)(2). The Company satisfies the continued listing requirement for market value of publicly held shares and all other applicable listing requirements for initial listing on the Nasdaq Capital Market, except for the minimum bid price requirement. The notification has no immediate effect on the listing or trading of Canaan’s ADSs, which will continue trading on the Nasdaq Capital Market under the symbol “CAN.” To regain compliance, the closing bid price of the Company’s ADSs must reach at least US$1.00 per ADS for a minimum of ten consecutive business days during this period. Management plans to continue monitoring the closing bid price and evaluating all available options to rectify the deficiency while maintaining its current listing on the Nasdaq Capital Market.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.’s strategic and operational plans, contain forward-looking statements. Canaan Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, such as expectations with regard to revenue or mining hash rate deployment, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, the ability of the Company to execute against its goals, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; changing macroeconomic and geopolitical conditions, including evolving international trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com

Christensen Advisory
Christian Arnell
Email: canaan@christensencomms.com

Media Contact

BlocksBridge Consulting
Jesse Colzani
Email: canaan@blocksbridge.com

View original content:https://www.prnewswire.com/news-releases/canaan-inc-provides-july-2026-bitcoin-production-and-mining-operation-updates-302852691.html

SOURCE Canaan Inc.

Technology

BLADE’s Hunter WOLF Robotic UGV Scheduled for Evaluation with the 82nd Airborne Division (TiC)

Published

9 minutes ago

August 17, 2026

Third Army training event demonstrates Hunter WOLF adaptability and utility across diverse mission requirements

FREDERICKSBURG, Va., Aug. 17, 2026 /PRNewswire/ — The U.S. Army is expanding the evaluation of the Hunter WOLF unmanned ground vehicle (UGV) from HDT Robotics, LLC dba BLADE, through a Transition in Contact (TiC) event with the 82nd Airborne Division at Fort Polk, Louisiana. The training and evaluation is taking place August 20, 2026.

The Hunter WOLF from BLADE (formerly HDT) continues to prove its maturity with TiC event with the 82nd Airborne.

The Hunter WOLF is a robotic multi-mission ground vehicle designed to reduce the physical burden on soldiers. With a payload capacity of up to 2,800 lbs, it supports logistics and casualty evacuation (CASEVAC) missions while helping to solve the military’s “last tactical mile” of supply challenge. By carrying critical equipment, supplies, and personnel, it extends operational duration, keeps soldiers in the field longer, reduces fatigue, and allows them to operate at safer distances. Built specifically for dismounted military operations, it delivers mobility, payload, and power in a compact system engineered to perform in demanding environments where commercial vehicles fail.

The training event will provide hands-on experience for soldiers from one of the Army’s premier rapid-response units. Known as the “All-American” Division, the 82nd Airborne can deploy worldwide within 18 hours and specializes in parachute assault and other key military operations.

“No two Army units operate the same way,” said Tom Van Doren, President of Robotics, BLADE. “The value of these evaluations is seeing how the Hunter WOLF supports different mission sets, environments, and operational priorities. Every event helps validate the flexibility of the platform and identify new ways it can reduce workload and help keep soldiers out of harm’s way.”

During the training, soldiers will operate and evaluate the Hunter WOLF in real-world scenarios, gaining experience in system operation and mission integration. The vehicles will be configured to support a variety of mission requirements, including communications, logistics, casualty evacuation, mobile power generation, and equipment transport.

Specifically, configurations include:

Two Vehicle-mounted Tactical Radios (AN/VRC-158)AutonomyFive Universal Battery Chargers (UBC)Casualty Evacuation (CASEVAC)15kW Mobile Power Export (120/240VAC inverter offload)Extended Cargo Rails for Equipment Transport

“The 82nd Airborne brings a unique operational perspective centered on agility, mobility, and rapid deployment,” said John Conway, VP of Business Development, Robotics, BLADE. “Training units like this help demonstrate how the Hunter WOLF can integrate into light / mobile infantry operations while delivering the support soldiers need to stay focused on the warfighting mission.”

This event follows previous Hunter WOLF training and evaluation activities conducted with U.S. Army units earlier this year, including the 3rd Brigade, 10th Mountain Division, and the 101st Airborne Division. Collectively, these engagements are providing valuable soldier feedback while demonstrating the platform’s adaptability across multiple mission requirements and operational environments.

About BLADE: For nearly 90 years we’ve operated as HDT – cutting through the impossible to deliver solutions that protect warfighters, secure assets and deflect enemy threats. As BLADE, we’ve sharpened our focus to redefine mobility, survivability, and operational superiority in contested environments. BLADE develops rugged, modular robotic systems to perform tasks in hazardous and demanding environments. Building on a legacy of advanced government and industrial robotics development, the company engineers precision manipulators and mobile platforms that reduce personnel risk while enabling critical operations in remote, contaminated, or unsafe environments. Forged by our legacy, sharpened for tomorrow’s mission.

View original content to download multimedia:https://www.prnewswire.com/news-releases/blades-hunter-wolf-robotic-ugv-scheduled-for-evaluation-with-the-82nd-airborne-division-tic-302852875.html

SOURCE HDT Robotics LLC, dba BLADE

Technology

Needham Bank Announces Opening of New Prudential Center Location

Published

9 minutes ago

August 17, 2026

NEEDHAM, Mass., Aug. 17, 2026 /PRNewswire/ — Needham Bank is now welcoming customers at its new full-service branch located at 111 Huntington Ave. in the Prudential Center, expanding its Boston presence with personalized banking and financial expertise. The branch officially opened on August 17, 2026.

“We are excited to expand our presence in the heart of Boston at the Prudential Center,” said Joseph P. Campanelli, President and CEO of Needham Bank. “As we grow, our focus remains on building meaningful relationships and helping customers achieve their financial goals.”

The branch will be led by Ivette D. Mesmar and Rocio Guerrero.

Mesmar brings 20 years of banking experience in branch management, business development, and client relationships, including leadership roles at prominent financial institutions.

“Building strong community relationships is what matters most to me in banking,” said Mesmar. “I am excited to deepen those relationships in Boston.”

Guerrero brings 20 years of banking experience in branch and relationship management across multiple financial institutions.

“I take pride in understanding customers’ needs and providing solutions that help them succeed,” said Guerrero. “I look forward to serving and supporting the Boston community.”

Residential Loan Officer Danny Tieu and Business Development Officer Pedro Xavier will also support the branch.

Tieu brings more than ten years of lending experience and focuses on helping clients navigate the mortgage process, including affordable homeownership programs.

Xavier brings more than 15 years of business banking experience focused on client relationships, market growth, and strategic partnerships.

To mark its arrival, Needham Bank donated $10,000 each to two local nonprofits: the Dorchester-based Massachusetts Affordable Homeownership Alliance (MAHA) and buildOn in Boston.

MAHA supports first-time and first-generation homebuyers through education, advocacy, and affordable homeownership programs.

buildOn in Boston engages high school students in under-resourced communities through service, learning, and education.

The new branch brings Needham Bank’s personalized service, local decision making, and financial expertise to the Prudential Center community.

About Needham Bank

Needham Bank is headquartered in Needham, Massachusetts and operates locations across Massachusetts and New Hampshire. Known as the “Builder’s Bank,” Needham Bank has helped individuals, businesses, and nonprofits build for their futures since 1892. The Bank offers tech-forward products and services, larger-bank financial expertise, and community-bank local knowledge and commitment. For more information, please visit https://NeedhamBank.com. Needham Bank is a member of the FDIC.

View original content to download multimedia:https://www.prnewswire.com/news-releases/needham-bank-announces-opening-of-new-prudential-center-location-302852497.html

SOURCE Needham Bank

Technology

Project Portfolio Management Market worth $17.75 billion by 2031 – Report by MarketsandMarkets™

Published

9 minutes ago

August 17, 2026

DELRAY BEACH, Fla., Aug. 17, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Project Portfolio Management Market is expanding rapidly, with a projected market size anticipated to rise from about USD 9.79 billion in 2026 to USD 17.75 billion by 2031, featuring a CAGR of 12.6%.

Browse 200 market data Tables and 150 Figures spread through 300 Pages and in-depth TOC on “Project Portfolio Management Market -Global Forecast to 2031”

Project Portfolio Management Market Size & Forecast:

Market Size Available for Years: 2021–20312025 Market Size: USD 8.64 billion2026 Market Size: USD 9.79 billion2031 Projected Market Size: USD 17.75 billionCAGR (2026–2031): 12.6%

Project Portfolio Management Market Trends & Insights:

Market is driven by continuous vendor investment in AI-enabled portfolio planning, resource optimization, predictive analytics, and cloud-based PPM platforms to improve enterprise decision-making.Strategic initiative & transformation portfolio is set to record the highest CAGR of 15.4%, driven by rising enterprise investments in digital transformation, AI adoption, cloud modernization, and business restructuring initiatives.Small enterprises are estimated to expand the fastest at a 14.8% CAGR, as they shift from spreadsheets to cloud PPM solutions that simplify governance, improve visibility, support distributed teams, and streamline planning and resource allocation with minimal IT complexity.Healthcare & life sciences is the fastest-growing vertical at a 20.0% CAGR, fueled by strict regulatory requirements, R&D portfolio oversight, multi-site coordination needs, and the growing urgency to standardize compliance, quality management, and clinical project execution processes.Asia Pacific is projected to be the fastest-growing region at a 15.7% CAGR, driven by aggressive digitalization, large-scale PMO modernization, IT infrastructure expansion in China and India, and rising enterprise demand for standardized project governance across rapidly scaling organizations.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225932595

Project portfolio management (PPM) software has transformed how organizations plan, prioritize, and govern enterprise investment by embedding capabilities such as AI-driven forecasting, real-time portfolio analytics, and integrated financial governance into enterprise portfolio programs. These innovations enable PMOs and executives to prioritize competing investments, automate repetitive reporting tasks, and measure investment return across IT, product, and capital portfolios. By integrating machine learning models, resource planning tools, and governance analytics, PPM platforms deliver continuous insight into portfolio performance and delivery risk, ensuring greater operational efficiency and measurable outcomes. Enterprises benefit from improved governance consistency, lower planning overhead, and more effective resource allocation, especially in high-portfolio-complexity sectors such as technology, financial services, and government. Unifying strategic, financial, and resource data across a single platform provides a clearer picture of program performance, strengthening decision-making and aligning portfolio strategy with broader enterprise objectives. This approach empowers organizations to maximize return on portfolio investment, improve delivery predictability, and maintain competitiveness by ensuring that every portfolio program operates efficiently from planning through post-program review.

By software type, portfolio analytics & AI intelligence will register the highest CAGR during the forecast period.

Portfolio analytics and AI intelligence software is becoming a strategic priority in the Project Portfolio Management Market as PMOs face growing pressure to forecast delivery risk earlier, reduce manual analyst effort, and demonstrate measurable governance value across increasingly complex portfolios. New vendors can capture market share by offering predictive delivery-risk models, AI-assisted decision support, and automated executive dashboards that reduce the manual work of compiling portfolio status reports. An illustrative example is Planview’s February 2026 expansion of its Copilot capabilities across its portfolio suite, adding automated risk narrative generation directly within the core platform. Another example is ServiceNow’s Now Assist for Strategic Portfolio Management, which bundles predictive delivery-date forecasting and scenario-based reallocation recommendations directly into its core platform rather than as a paid add-on. These moves show that customers increasingly expect predictive and prescriptive analytics to be native to the portfolio platform rather than bolted on through separate tools. For emerging vendors, the opportunity is in providing lightweight predictive models, natural-language portfolio query tools, and benchmarking analytics that connect directly to portfolio data. Vendors who deliver fast setup, strong ERP and financial-system interoperability, and clear attribution from forecast to outcome will win in analytics-driven portfolio software procurement.

Request for Proposal: https://www.marketsandmarkets.com/requestsampleNew.asp?id=225932595

By deployment type, cloud is poised to hold the largest market share during the forecast period.

Cloud deployment, spanning enterprise-wide portfolio governance, resource planning, and financial reporting, represents the largest share of deployment types in the Project Portfolio Management Market, as enterprises increasingly favor vendor-hosted platforms over infrastructure they must maintain themselves. Enterprise buyers demand platforms that can scale across business units, integrate with existing ERP and financial systems, and support both regional and global programs from one dashboard. One illustrative move is Broadcom’s confirmation that new AI-assisted forecasting features for its Clarity platform will be released cloud-first, giving large enterprises a clear incentive to migrate off legacy on-premises deployments to access new capabilities. Another example is ServiceNow’s cloud-first Strategic Portfolio Management module, which positions itself as an end-to-end governance platform spanning strategic planning, resource management, and execution tracking for global enterprise programs. Vendors can succeed in this segment by building scalable governance infrastructure, offering tiered support for programs ranging from small departmental portfolios to large multi-business-unit programs, and ensuring reliable performance during peak reporting cycles. Key enablers include enterprise-grade security, single sign-on integration, and dedicated account support, allowing PMOs to run recurring governance cycles with predictable, repeatable outcomes.

North America is estimated to account for the largest market during the forecast period.

The North American Project Portfolio Management Market is becoming increasingly attractive for new and emerging vendors as enterprise capital budgets and portfolio technology adoption converge. The region’s dense concentration of technology, financial services, and government organizations drives high-volume portfolio programs, from digital transformation initiatives to capital infrastructure investment, creating sustained demand for platforms that can scale across multiple simultaneous programs. Planview, for instance, has built its positioning around AI-powered portfolio features and tight integration with existing enterprise systems, reflecting the region’s preference for platforms that plug into an enterprise’s broader technology stack rather than operating as a standalone tool. Smartsheet has similarly expanded its footprint among mid-market and enterprise portfolio teams by combining collaborative work management, resource planning, and reporting tools within a single application. These shifts are opening opportunities for PPM providers to deliver solutions that integrate AI, financial governance, and portfolio analytics tailored to the operational needs of high-volume enterprise and government portfolio programs. By focusing on integration depth, modular deployment, and partnerships with ERP and financial-technology vendors, new entrants can establish strong footholds across technology, financial services, and government sectors. The region’s combination of mature enterprise software adoption, dense portfolio calendars, and demand for measurable investment attribution positions North America as one of the most attractive markets for innovative PPM vendors.

Request Pricing: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=225932595

Top Companies in Project Portfolio Management Market:

The Top Companies in Project Portfolio Management market are Planview (US), Broadcom (US), Smartsheet (US), ServiceNow (US), Microsoft (US), Oracle (US), SAP (Germany), Atlassian (Australia), Asana (US), and monday.com (Israel).

Investment Funding Context

The Project Portfolio Management Market is seeing renewed investment activity, driven by private equity take-privates, platform-led acquisitions, and AI-native product investment across the portfolio governance stack. Private equity has been especially active in re-capitalizing established portfolio and collaborative work management vendors: Smartsheet completed its transition to private ownership under Blackstone and Vista Equity Partners in 2025, while Planview has continued to operate under private equity ownership as it expands its AI-enabled portfolio suite through both organic development and acquisitions. This pattern reflects investors’ view that portfolio governance software, once treated as a niche PMO tool, has matured into a durable enterprise software category with recurring, expandable revenue. Funding activity is also concentrating around AI-native decision-support and analytics capabilities layered onto existing portfolio platforms, rather than into standalone new entrants, as incumbents move quickly to embed predictive forecasting and automated reporting directly into their core products.

Revenue Shift Context

The market showcases a shift in project portfolio management spend from standalone, single-project scheduling tools toward unified platforms that combine strategic planning, resource management, financial governance, and AI-assisted analytics under one system of record. Global project portfolio management spending is projected to rise from USD 9.79 billion in 2026 to USD 17.75 billion by 2031, a CAGR of 12.6%, with much of that growth concentrated in portfolio analytics & AI intelligence, which is registering the fastest growth of any software type category, alongside strategic portfolio management and agile & collaborative work management. Meanwhile, legacy categories are growing more slowly: core project, program & resource management tools remain the largest software type segment by revenue, though their share of new spend is gradually giving way to AI-enabled portfolio analytics, governance and compliance, and financial portfolio management capabilities that vendors are increasingly bundling into unified suites.

Mergers and Acquisitions

Mergers and acquisitions in the Project Portfolio Management Market have centered on private equity consolidation of established platforms and the acquisition of specialized portfolio-adjacent capabilities by larger vendors, as buyers prioritize mature, enterprise-ready assets with expandable AI roadmaps. The most significant transaction of the period was Blackstone and Vista Equity Partners’ acquisition of Smartsheet, taking one of the market’s most widely used collaborative work and portfolio management platforms private.

PROJECT PORTFOLIO MANAGEMENT MARKET: MERGERS AND ACQUISITIONS, 2023–2025

Month & Year

Deal Type

Company 1

Company 2

Description

2025

Acquisition (take-private)

Blackstone & Vista Equity Partners (US)

Smartsheet (US)

Blackstone and Vista Equity Partners acquired Smartsheet, taking the collaborative work and portfolio management platform private and removing its shares from the New York Stock Exchange, with the new owners signaling continued investment in resource management and AI-assisted reporting capabilities.

2024

Acquisition

North Highland (US)

UMT360

North Highland acquired UMT360, a portfolio governance and data management specialist, to strengthen its managed portfolio-data services practice and expand its ability to support enterprise PMOs running large, recurring portfolio review cycles.

2023

Acquisition

Wellspring (US)

Sopheon (UK)

Wellspring acquired Sopheon, adding its Accolade stage-gate innovation and demand-management platform to strengthen combined capabilities across strategic portfolio planning and innovation-pipeline governance for product-development-intensive enterprises.

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

Related Market Reports:

Customer Data Platform Market by Platform (Traditional CDPs, Marketing Cloud, Composable, Hybrid), Application (Customer Data Management, Personalization & Recommendations, Analytics & Customer Intelligence), Vertical, Region – Global Forecast to 2031

Trade Management Market by Offering (Solutions [Trade Governance & Compliance, Trade Planning & Commercial Optimization], Services), Vertical (Manufacturing & Industrial, Technology, Electronics & Semiconductor), and Region – Global Forecast to 2032

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/project-portfolio-management-software.asp

View original content to download multimedia:https://www.prnewswire.com/news-releases/project-portfolio-management-market-worth-17-75-billion-by-2031–report-by-marketsandmarkets-302852711.html

SOURCE MarketsandMarkets