Wipro to Acquire Salesforce Cloud Partner, 4C
Bangalore, India and Mechelen, Belgium – 23rd July 2020 - Wipro Limited, a global information technology comapany, consulting and business process services company, has announced that it has signed a definitive agreement to acquire 4C, one of the largest Salesforce partners in UK, Europe and the Middle East. Established in 1997 with its headquarters in Mechelen, Belgium, 4C is an independent Salesforce Platinum Partner and one of the leading customer-centric consultancies in Europe and the Middle East. 4C has deep capabilities across multiple Salesforce clouds including Sales, Marketing, Field Services and specializes in transforming Quote-to-Cash processes with Salesforce’s Configure, Price, Quote (CPQ) and Billing solutions. 4C has successfully delivered over 1500 projects, for more than 500 customers and is one of EMEA’s most certified Salesforce partners with over 1000 Salesforce certifications.
Autodesk to Acquire AI-Powered Construction Software Provider Pype
San Rafael, California - 22nd July 22, 2020 - Autodesk, Inc. has announced it has signed a definitive agreement to acquire Pype, a provider of cloud-based solutions for automating construction project management workflows. The acquisition will empower general contractors, subcontractors and owners to gain even more value from Autodesk Construction Cloud by automating critical construction workflows such as submittals and closeouts to increase productivity and mitigate project risk. Pype’s suite of software reduces tedious manual entry and human error that can lead to rework, cost overruns and schedule delays on construction projects. The company’s technology leverages artificial intelligence and machine learning to automatically analyze and extract critical construction data such as project plans and specifications to be used throughout the project lifecycle. By automating these traditional manual workflows and converting real-time data into actionable insights, construction teams have the power to increase collaboration and project efficiency. Pype customers include top general contractors such as Barton Malow, JE Dunn, McCarthy, Mortenson and Skanska, among others.
PicsArt Acquires Motion-Based Video Effects Company D’efekt
San Francisco – 22nd July 2020 - PicsArt, the world’s largest visual creative platform, has announced that it has acquired advanced video effects company D'efekt. The deal Reinforces PicsArt’s Commitment to AI Innovation and will bring enhanced visual storytelling to its 150 million-strong creator base. The female-led start-up has been featured as an Apple “App of the Day” and offers motion-based video effects – including light illusions, music responsiveness, and fractal motion-activation. D’efekt’s three co-founders will continue to build the independent app with further resource investment from PicsArt. Commenting, Hovhannes Avoyan, founder and CEO at PicsArt , said: “We’ve known the D’efekt team for more than a year. We’re thrilled they’ll be joining us as we continue to build the creative platform of the future. We see this deal as a win for everyone: Our millions of creators now have access to even more amazing video special effects, the D’efekt founders have support to build on their initial successes, and PicsArt is able to add more creative and technical talent to our tech-majority global team.” Terms of the deal were not disclosed.
Cisco Systems and Acacia Communications Provide Status Update of Pending Acquisition
San Jose, California and Maynard, Massachusetts – 22nd July 2020 — Cisco Systems, Inc. and Acacia Communications, Inc. (have issued a joint statement on the status of the ongoing regulatory review for the pending acquisition of Acacia by Cisco that is being conducted by the State Administration for Market Regulation of the People’s Republic of China (“SAMR”). Cisco and Acacia remain actively engaged with SAMR and expect the acquisition to receive regulatory clearance. Bill Gartner, Cisco Senior Vice President and General Manager for the Optical Systems and Optics Group, said: “We are looking forward to Acacia joining Cisco and are excited to partner with their world class team to build on the great success in their core markets. We are fully committed to and strongly believe in the merits of this pending acquisition. Together, we will support and strengthen their existing customer base around the world, and look forward to further expansion, underpinned by Acacia’s current portfolio and future product roadmaps.”
Synaptics to Acquire DisplayLink for $305 Million
San Jose, California – 20th July 2020 – Synaptics Incorporated has announced the signing of a definitive agreement to acquire DisplayLink Corp., a leader in high-performance video compression technology, for $305 million in an all-cash transaction. The deal is expected to close in Synaptics’ first quarter of fiscal year 2021, subject to customary closing conditions, and be financed from existing cash on hand. Synaptics expects the transaction to add approximately $94 million in annualized sales and be immediately accretive to non-GAAP gross margins, non-GAAP operating margins, and non-GAAP earnings post-close. DisplayLink’s high performance software compression technology enables universal docking and casting of high bandwidth video from any device to any display using any transport medium such as USB, Ethernet or Wi-Fi. For the Enterprise IT market, the solution supports multi-OS environments including Windows, MacOS, ChromeOS and Ubuntu Linux enabling a myriad of devices to seamlessly dock to multiple high resolution (4K, 8K) displays.
Majesco to be Acquired by Thoma Bravo for $594 Million
Morristown, NJ – 20th July 2020 – Majesco, a global enterprise providing cloud insurance software solutions for insurance business transformation, has announced that it has signed a definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $594 million. Following the closing of the transaction, Majesco will operate as a privately held company. Matt LoSardo, a Vice President at Thoma Bravo added, “We’ve followed the impressive Majesco journey for many years. Digital transformation demand continues to grow as insurers look to modernize, and with our partnership we plan to accelerate product investment to support the needs of the insurance industry.”
insightsoftware Acquires Event 1 Software
Raleigh, NC – 16th July 2020 – insightsoftware, a global provider of enterprise software solutions for the Office of the CFO, has announced it has acquired Event 1 Software, a provider of intelligent, Excel-based reporting solutions. Terms of the deal were not disclosed. Based in Vancouver, Wash., Event 1 Software delivers award-winning products—such as flagship solutions Office Connector and Liberty Reports—that enable CFOs and finance teams to transform Excel into an intuitive and interactive reporting engine for business data. Commenting on the acquisition, Michael Newland, President and CEO of Event 1 Software, said: “For decades, we’ve been delivering cutting-edge reporting solutions that transform Excel into a real-time, dynamic environment that drives true business intelligence. Joining insightsoftware now positions us for the next phase of growth. With a broad portfolio of financial reporting, budgeting and continuous planning solutions, we are opening up a whole new world of opportunity for our partners, and more flexibility and strategic decision-making potential for our customers.”
Wipro to Acquire IVIA Serviços de Informática to Expand Footprint in Brazil
Bangalore, India and Fortaleza, Brazil -14th July 2020 - Wipro Limited, a global information technology, consulting and business process services company, has signed an agreement to acquire Brazil based IVIA Serviços de Informática Ltda. IVIA is headquartered in the Northeast of Brazil, with offices in Fortaleza-Ceará, Recife-Pernambuco and Natal-Rio Grande do Norte. Founded in 1996, IVIA provides IT solutions including system development, maintenance, consulting and project management services to clients in different sectors such as Financial Services, Transportation, Retail, Healthcare, Consumer Goods and Manufacturing in Brazil. IVIA’s local talent and long-standing relationships combined with Wipro’s global expertise will help expand the geographical footprint in Brazil. The acquisition will also help Wipro set up delivery centres in the North East of Brazil leveraging IVIA’s workforce. Wipro has a significant presence in Latin America with offices across five countries in the region - Brazil, Mexico, Chile, Colombia and Costa Rica. In Brazil, Wipro has a vision to grow the operations by bringing the best of its global experience to the local market and becoming a partner of choice as an end-to-end IT services provider. This acquisition is another significant step towards Wipro’s commitment to this region.
Silver Lake Acquires Cloud-Based Payroll and HR Software Specialist Silae
Aix-en-Provence, France and London, United Kingdom – 8th July 2020 – Silae, a specialist provider of cloud-based payroll and HR software for the French market, and Silver Lake, a global technology investment firm, have announced that Silver Lake is to acquire 100% of Silae from its founding shareholders, who intend to remain involved in the business. Jean-Paul Bagou, Michel Delolme, Didier Fléchet, Philippe Marty and Daniel Mayet, co-founders of Silae, said: “As a founder group, we are extremely proud of what Silae has achieved over the past decade. Together with our exceptional and talented employees and partners, we have built a highly successful company and laid a strong foundation for the future by developing a suite of leading SaaS Payroll and HR software products and continuously improving our customer service. As Silae begins an exciting new chapter of product innovation and growth, we are thrilled to partner with Silver Lake, a world-class technology investor with deep software industry expertise and value creation capabilities. This investment marks an acceleration point for our company, employees, customers and partners, as we gain further strength to reinforce our current position in the market while continuing to develop new innovative products and services”.
SUSE to Acquire Rancher Labs
London and Cupertino, California - 8th July 2020 - SUSE, the world’s largest independent open source company, has announced that it has acquired Rancher Labs, a company that has long focused on making it easier for enterprises to make their container clusters. Terms of the deal were not disclosed, but Rancher has a total of $95 million in investments. Discussing the acquisition, Melissa Di Donato, SUSE CEO, said: "This is an incredible moment for our industry, as two open source leaders are joining forces. The merger of a leader in Enterprise Linux, Edge Computing and AI with a leader in Enterprise Kubernetes Management will disrupt the market to help customers accelerate their digital transformation journeys. Only the combination of SUSE and Rancher will have the depth of a globally supported and 100% true open source portfolio, including cloud native technologies, to help our customers seamlessly innovate across their business from the edge to the core to the cloud."