Morae Expands Asia-Pacific Business with Strategic Acquisition of Information Management Provider Trinogy
Sydney, Australia – 7th January 2021 – Morae Global Corporation, a provider of digital and legal business transformation solutions for law firms, law departments, and compliance functions, has announced the expansion of the company’s Asia-Pacific operations and business with the strategic acquisition of Sydney-based information management provider Trinogy Systems Pty Ltd. The addition of Trinogy to the Morae brand is the latest in a series of acquisitions, most recently with Janders Dean in July 2020 and Phoenix Business Solutions in May 2019. The deal adds greater momentum to Morae’s position for document management solutions in the Asia-Pacific region. President, Digital Transformation at Morae, David Nola, commented, “Bringing Morae and Trinogy together allows us to combine two highly experienced teams, leveraging an unrivalled level of knowledge and expertise to better serve our global clientele. We welcome the Trinogy team and their clients to Morae and look forward to working together with them for continued delivery of exceptional service and support.”
https://www.trinogy.com/morae-expands-asia-pacific-business-with-strategic-acquisition-of-information-management-provider-trinogy.html

Smart Communications Enters into Definitive Agreement to Acquire Assentis Technologies
London and New York – 7th January 2021 – Smart CommunicationsTM, provider of a customer conversations management platform, has announced it has entered into a binding agreement to acquire Assentis, a European software solutions provider specializing in customer communications management (CCM) with a focus on the financial services industry. Through this proposed acquisition, Smart Communications can more effectively serve enterprises in the financial services industry and throughout Continental Europe. It will also enable current Assentis customers to quickly take advantage of Smart Communications’ proven expertise in multi-tenant SaaS. James Brown, CEO of Smart Communications, commented: “We are poised to incorporate Assentis’ wealth of knowledge and capabilities in financial services into Smart Communications. Already among the key industries we support, we recognized an opportunity to strengthen our commitment to help these firms cater to an increasingly digital-focused customer base. Through this acquisition we will be better equipped to support our growing financial services customer base around the world.”
https://www.accel-kkr.com/smart-communications-enters-into-definitive-agreement-to-acquire-assentis-technologies/

OptumInsight and Change Healthcare Combine to Advance a More Modern, Information and Technology-Enabled Health Care Platform
Eden Prairie, Minn. and Nashville, Tennessee - 6th January 2021 - Optum, a diversified health services company and part of UnitedHealth Group and Change Healthcare, a health care technology company, have agreed to combine. This combination unites two technology and service companies focused on serving health care. Change Healthcare brings key technologies, connections and advanced clinical decision, administrative and financial support capabilities, enabling better workflow and transactional connectivity across the health care system. Optum brings modern analytics, comprehensive clinical expertise, innovative technologies and extensive experience in improving operational and clinical performance. Commenting on the deal, Andrew Witty, President of UnitedHealth Group and CEO of Optum, said: “Together we will help streamline and inform the vital clinical, administrative and payment processes on which health care providers and payers depend to serve patients. We’re thrilled to welcome Change Healthcare’s highly skilled team to create a better future for health care.”
https://www.unitedhealthgroup.com/newsroom/2021/2021-01-06-optuminsight-and-change-healthcare-combine.html

Litera Acquires Foundation Software Group to Create Firm Intelligence Business Unit
Chicago, IL – 5th January 2021 – Litera has announced it has acquired Foundation Software Group, developer of the intelligence platform for law firms, forming the new Litera Firm Intelligence business unit. Litera is poised to invest heavily in the development and support of Foundation’s market-leading data platform that transforms disparate data about clients, matters, people and parties, into usable and actionable information. Avaneesh Marwaha, Litera CEO, commented: Winning and delivering high quality legal services to clients requires a complex legal technology environment. Thus, law firms prefer dealing with one technology vendor that offers a range of integrated best-of-class solutions to provide lawyers with the right data, in the right place, at the right time. With this acquisition, current and future Foundation customers get the best of all worlds, from crafting and staffing a pitch to document drafting to managing transaction and litigation matters to completion to leveraging the resulting experiences to continue to grow firm business.”
https://foundationsg.com/news/litera-acquires-foundation/

AutoVitals Adds Loyalty Rewards Platform to Increase Automotive Repair Shop Revenue and Profitability
San Diego 5th January 2021 – AutoVitals, a provider of SaaS solutions to automotive repair and maintenance shops, has announced its acquisition of BayIQ, a provider of automated marketing software to the independent tire and automotive repair industry. BayIQ's software solutions help build customer loyalty, increase customer throughput and average repair order, by combining their customer engagement platform with key features, which include comprehensive loyalty program management and automated service reminders. CEO at BayIQ, Jennifer Thronson, said: "We wanted to align with an organization both committed to and capable of furthering our mission to make tire and auto shops more successful. AutoVitals' deep understanding of shop operations and demonstrated success in building mission critical software proves that they are the right partner at the right time."
https://blog.autovitals.com/autovitals-acquires-loyalty-marketing-software-provider-bayiq

Teledyne Technologies to Acquire FLIR Systems for $8 Billion
Thousand Oaks, California and Arlington, Va. – 4th January 2021 – Teledyne Technologies Incorporated and FLIR Systems, Inc. have jointly announced that they have entered into a definitive agreement under which Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8.0 billion. Executive Chairman of Teledyne, Robert Mehrabian, said: “At the core of both our companies is proprietary sensor technologies.  Our business models are also similar: we each provide sensors, cameras and sensor systems to our customers.  However, our technologies and products are uniquely complementary with minimal overlap, having imaging sensors based on different semiconductor technologies for different wavelengths. For two decades, Teledyne has demonstrated its ability to compound earnings and cash flow consistently and predictably.  Together with FLIR and an optimized capital structure, I am confident we shall continue delivering superior returns to our stockholders.”
https://www.flir.com/news-center/corporate-news/teledyne-to-acquire-flir-systems/

Dover Announces Acquisition of Innovative Control Systems, Inc., A Provider of Vehicle Wash Site Management Solutions
Downers Grove, Illinois – 6th January 2021 - Dover has announced that it has completed the acquisition of Innovative Control Systems, Inc, a provider of car wash controllers, payment terminals, point-of-sale and wash site management software solutions. ICS is now part of Dover’s Fuelling Solutions segment. The addition of ICS expands Dover’s participation in the secularly-growing vehicle wash market and enhances Dover’s offerings, business mix and recurring revenue stream with high-value hardware and software solutions critical to vehicle wash workflows and operations. Richard J. Tobin, Dover’s President and Chief Executive Officer, said of the transaction: “This acquisition is fully aligned with the growth strategy we outlined during our analyst and investor meeting focused on Dover’s Fueling Solutions segment in November 2020. With the increasing popularity of automatic car washes among convenience retailers and independent operators, we continue to view the broader vehicle wash solutions market as an attractive and logical adjacency for our Fueling Solutions segment. We are excited to bring together ICS’ innovative solutions, brand recognition and vertical software capabilities..”
https://www.dovercorporation.com/news/in-the-news/post/2021/01/06/dover-announces-acquisition-of-innovative-control-systems-inc-a-leading-provider-of-vehicle-wash-site-management-solutions

EdTech Unicorn, Unacademy Acquires NeoStencil
Bengaluru, India - 30th December 2020 - Edtech Unicorn, Unacademy, has acquired Gurugram-based test prep platform NeoStencil for an undisclosed sum. This is Unacademy’s fifth acquisition in 2020. Unacademy also acquired Delhi-based online exam preparation platform, Kreatryx, in April, coding platform, CodeChef, in June, Chandigarh-based medical prep platform, PrepLadder, in July, and more recently, UPSC test prep platform, Coursavy, in September. The company had also acquired a majority stake in K-12 learning platform, Mastree – in July via a strategic investment of $5 million. Announcing the news in a Twitter post, Unacademy Co-founder and CEO, Gaurav Munjal, said: “Happy to announce that NeoStencil has joined the Unacademy Group.” He commented further: Commenting further on the development, the EdTech giant CEO wrote in a series of tweet, “Our mission at Unacademy is to democratize knowledge and while we have set out firmly towards that goal, we have a long way to go....NeoStencil has offers 500+ courses to millions of students. And we believe together we can create a huge impact and build products that help our learners crack their goals....”
https://blog.unacademy.com/

Freewheel to Acquire Ad Tech Company Beeswax
California - 17-12-20 - Beeswax, the ad-tech platform that offers “bidder-as-a-service”, has been acquired by FreeWheel, the digital TV advertising platform. FreeWheel is owned by Comcast. Commenting on the transaction, co-founder and CEO of Beeswax, Ari Paparo, said: “It should not be news to anyone in the advertising world that Connected TV is the fastest growing area of programmatic. We’ve seen that as well at Beeswax, with more and more customers focusing on bringing together the sight, sound, and motion of television with the power of programmatic advertising technologies. We cannot think of a better home for Beeswax than within FreeWheel, the leading technology provider to the global Advanced TV business.” Terms of the transaction were not disclosed.
https://blog.beeswax.com/beeswax-comcasts-freewheel

Business Process Management Leader, EClerx, Acquires Texas-Based Personiv
24th December 2020 - eClerx Services Limited, provider of business process management, analytics and automation services to a number of Fortune 2000 enterprises, has announced its acquisition of Eclipse Global Holdings LLC, an Austin, Texas-headquartered business process management and services company focused on the outsourced accounting space. Through this acquisition, eClerx, a business transformation company, adds over 2,000 team members and three delivery centers to its more than 8,500 employees and 14 locations worldwide—taking their combined headcount upwards of 11,000-strong. PD Mundhra, eClerx’s Co-founder and Executive Director stated, “We have been impressed by Personiv’s capabilities, which have reflected in the deep and meaningful client relationships that they have developed over the years. We feel that our two companies share a strong people and client-centric culture and are a good fit as partners. Through this acquisition, we add new clients – many in the underserved small and medium-business sector - deepen service capabilities in digital and customer care and add finance and accounting as a service. Personiv’s locations across India and the Philippines provide additional delivery capabilities, and we add a very capable management team to the eClerx family.”
https://insights.personiv.com/news-personiv/personiv-joins-eclerx