PSG and Silversmith Capital Partners-backed Formstack completed the acquisition of Formsite.

PSG and Silversmith Capital Partners-backed Formstack, a software-as-a-service company, completed the acquisition of Formsite, an online platform that enables its users to build online forms and surveys. Financial terms were not disclosed. “Formstack has a history of helping customers capture data and put it to work. This acquisition strengthens our position as a leader in the data collection market and will also enable Formsite users to tap into all of our additional offerings and derive even more value from their current deployments of Formsite. We are excited to welcome these new customers and the Formsite team to the Formstack community, and introduce them to our world class service and product offerings,” Rob Lawrence, Formstack CEO.