Accenture to Acquire N3 to Help Clients Drive Sales Growth in a Virtual Environment
Atlanta – 22nd September 2020 – Accenture has agreed to acquire N3, a tech-driven sales and demand-generation firm, that helps clients drive sales growth in an increasingly virtual environment. The acquisition adds approximately 2,200 employees to Accenture globally, along with artificial intelligence (AI) and machine learning (ML) capabilities. N3’s unique model of specialized sales talent — across complex areas like cloud, software platforms and 5G networks — is supported by cloud-based, AI/ML technology that enables smarter, more efficient customer interactions and sales conversions. With Accenture’s SynOps platform, these combined capabilities could offer a client the ability to aggregate millions of interaction points into actionable insights that drive sales growth. “Increasingly, B2B buyers expect the same ‘Amazon-like’ interactions they experience as consumers when purchasing far more complex services — a trend that’s only accelerated in the current pandemic,” said Manish Sharma, Group Chief Executive of Accenture Operations. “N3 provides the perfect combination of skilled talent and technology to remove barriers and better influence purchasing decisions at critical stages.”
HPE Completes Acquisition of SD-WAN Leader Silver Peak for $925 Million
25th September 2020 - Hewlett Packard Enterprise has announced it has completed the acquisition of Silver Peak, an SD-WAN (Software-Defined Wide Area Network) company, in a transaction valued at $925 million. Silver Peak will become a part of Aruba, a Hewlett Packard Enterprise company. The acquisition will strengthen Aruba ESP (Edge Services Platform), helping to advance enterprise cloud transformation with a comprehensive edge-to-cloud networking solution covering all aspects of wired, wireless local area networking (LAN) and wide area networking (WAN). President and CEO of HPE, Antonio Neri, said: "WAN transformation is a key component of HPE's Intelligent Edge and edge-to-cloud vision and growth strategy. Armed with a comprehensive SD-WAN portfolio with the addition of Silver Peak, we will accelerate the delivery of a true distributed cloud model and cloud experience for all apps and data wherever they live."
MRI Software Completes Acquisition of RentPayment™ from Priority Technology Holdings, Inc.
Alpharetta, GA and Solon, OH – 23rd September 2020 - Global real estate software solutions provider, MRI Software, and Priority Technology Holdings, Inc., a provider of merchant acquiring, integrated payment software and commercial payment solutions, have completed the previously announced sale and acquisition of Priority’s RentPayment business, which is comprised of the RentPayment.com™, StorageRentPayment.com™ and DuesPayment.com™ real estate payment brands. Going forward, Priority will provide ongoing payment infrastructure as a service and processing to the new platform at MRI. , Chief Executive Officer of MRI Software, Patrick Ghilani, said: “I am thrilled to welcome the pioneering RentPayment solution and team, which bring more than two decades of deep payments expertise and success to the MRI family. This acquisition will significantly scale and advance our global payments offering, allowing our MRI Living clients in the residential, affordable, and public housing sectors to benefit from broader payment options and channels. RentPayment will be the go-forward brand in all our global regions and submarkets.” https://www.mrisoftware.com/uk/news/mri-software-acquires-rentpayment-business-priority-technology-holdings-inc/
Thoma Bravo Completes Acquisition of Majesco
San Francisco and Morristown, NJ - Thoma Bravo, LP, a private equity firm focused on the software and technology-enabled services sectors, has announced that it has completed the acquisition of Majesco, a global company offering cloud insurance software solutions for insurance business transformation. As previously announced on August 8, 2020, under the terms of an amended and restated definitive merger agreement, Thoma Bravo agreed to acquire all of the issued and outstanding shares of Majesco common stock for $16.00 per share in cash. In conjunction with the closing, Majesco's common stock will cease trading before the market opens on Tuesday, September 22, 2020 and the Company will no longer be listed on the Nasdaq stock exchange. Majesco will operate as a privately-held company. Partner at Thoma Bravo, A.J. Rohde, commented: "We are pleased to complete our acquisition of Majesco and work closely with their talented team as we build upon Majesco's position as a leading driver of digital transformation within the insurance industry. Majesco's journey in helping insurance companies get to the cloud faster is impressive and we intend to leverage our own operational experience to enhance its capabilities and support the continued growth of the business."
Clearent Acquires Field-Services-Management Solution Wintac
St. Louis – 22nd September 2020 - Payment-solutions provider Clearent has acquired Wintac, a field-service-management software solution primarily targeting residential contractors providing HVAC, plumbing, electrical and other home-repair services. Purchased from Dundee, Illinois-based Davisware, LLC, Wintac will become part of FieldEdge, a wholly owned subsidiary of Clearent. Clearent announced the move as the latest example of its effort to grow market share in the mechanical contractor/field-services-management (FSM) segment. The addition of Wintac will help FieldEdge expand its current position as a provider of FSM solutions. Commenting on the deal, Connie Certusi, President of FieldEdge, said: “We are happy to welcome Wintac customers to the FieldEdge family. We look forward to engaging with these customers in the coming year to understand their needs as they relate to managing their field-service organization, to address those needs through FieldEdge, and to offer a cost-effective and smooth transition to FieldEdge when they are ready.” Financial terms of the transaction were not disclosed.
Snyk Announces Acquisition of DeepCode
Boston – 23rd September 2020 - Developer-first, cloud native application security company, Snyk has announced that it has signed an agreement to acquire DeepCode, a provider of real-time semantic code analysis, powered by AI. In a blog, announcing the deal, Snyk CEO, Peter McKay explained the rationale for the deal, saying: “DeepCode’s AI engine will help Snyk both increase speed and ensure a new level of accuracy in finding and fixing vulnerabilities, while constantly learning from the Snyk vulnerability database to become smarter.” He continued: “This will enhance our solution in two ways. It will enable an even faster integration for developers, testing for issues while they develop rather than as an additional step. And it will further increase the accuracy of our results, almost eliminating the need to waste time chasing down false positives.” Customers can look forward to a combination of DeepCode’s industry-first technology and Snyk’s comprehensive security platform, which supports open source security, container security, and infrastructure as code security, with integrated machine learning-based intelligence to more quickly identify vulnerabilities and ensure developers have a superior level of accuracy.
Microsoft Acquires ZeniMax Media and Game Publisher Bethesda Softworks for $7.5 Billion
Redmond, Washington – 21st September 2020 – Microsoft has announced the purchase of ZeniMax Media for $7.5 billion in cash and, has, in the process, significantly expanded its list of game development studios – to 23. Entertainment company, ZeniMax, owns several industry-leading game developers, including Bethesda Softworks, the maker of the post-apocalyptic Fallout games and the fantasy series, The Elder Scrolls. It also owns Id Software, known for its Doom, Rage and Wolfenstein shooting game franchises. Microsoft plans to run Bethesda as a separate division, with leadership and structure remaining unchanged. With more than three billion people on the planet playing games for fun, escape and human connection, the Microsoft Xbox team’s purchase of ZeniMax Media gives it control of some of the gaming industry's most popular franchises. As the gaming industry transforms from a device-centric era to a player-centric era, powered by new technology that offers the freedom to play with friends anywhere on any device, Bethesda brings an impressive portfolio of games, technology, talent and a track record of huge commercial success.
CrowdStrike to Acquire Preempt Security to Offer Customers Enhanced Zero Trust Security Capabilities
Sunnyvale, California – 23rd September 2020 – CrowdStrike Holdings, Inc, a company offering cloud-delivered endpoint and cloud workload protection, has announced it has agreed to acquire Preempt Security, a provider of Zero Trust and conditional access technology for real-time access control and threat prevention. Under the terms of the agreement, CrowdStrike will pay approximately $96 million to acquire Preempt Security, subject to adjustments. The acquisition is expected to close during CrowdStrike’s fiscal third quarter, subject to customary closing conditions. With this acquisition, CrowdStrike plans to offer customers enhanced Zero Trust security capabilities and strengthen the CrowdStrike Falcon® platform with conditional access technology. The addition of Preempt’s technology to the CrowdStrike Falcon platform will help customers achieve end-to-end visibility and enforcement on identity data. As organizations continue to operate in hybrid work environments and focus on digital transformation, the need to establish a modern Zero Trust security environment at scale has never been greater. |Commenting, George Kurtz, co-founder and Chief Executive Officer of CrowdStrike, said: “With the addition of Preempt Security’s capabilities, the CrowdStrike Falcon platform will provide enhanced protection against identity-based attacks and insider threats,” said. “Combining Preempt’s technology with the CrowdStrike Falcon platform will help customers achieve end-to-end visibility and enforcement through identity, behavior and risk-based decisions to stop attacks in real time.”
Vegaste Technologies Corp Agrees to Acquire Bloombox Club UK for £8 Million – Expands into the UK and Europe
Vancouver, British Columbia – 24th September 2020 — Vegaste Technologies Corp has announced that it has agreed to acquire Bloombox Club Limited, a UK-based e-commerce platform that sells and delivers indoor plants to their established wellness community via subscription service and online shop. Bloombox Club UK will continue to operate as a wholly owned subsidiary run by Dr. Cooper and her UK team, while leveraging the deep e-commerce and technical expertise of PlantX to drive higher conversions and accelerate expansion into Netherlands, Germany and the rest of Europe. Further, Bloombox Club UK will provide PlantX with deep industry expertise in the house plant vertical and help the Company grow in the US and Canadian markets utilizing the strategy that made them so successful in the UK. Sean Dollinger, PlantX Founder said, “Bloombox Club UK has developed a fantastic business in the UK over the past 4-5 years and is run by a high quality team led by Dr. Cooper that we are delighted to have join the PlantX family. The acquisition provides us an immediate presence in the UK and serves as a launchpad for expansion into the rest of Europe and internationally. We have identified numerous synergies that will allow both businesses to scale and accelerate growth. We look forward to growing our future operations around the world with their help.”
ABC Financial Acquires Fitness Tech Start Up Trainerize
Vancouver – 15th September 2020 - Fitness tech start up, Trainerize, has been acquired by ABC Financial, a United States-based software provider for the fitness industry. CEO of Trainerize, Sharad Mohan, will join ABC Financial as Managing Director. ABC will offer “Trainerize powered by ABC” as an add-on module to its existing platform but Trainerize will also remain available as a standalone solution. Following the deal, ABC Financial will incorporate the 55 Trainerize staff members into its team. “Our mission is to make fitness accessible,” said Mohan. “Together with the ABC team, we have the opportunity to positively influence the lives of over 25 million members and expand the solution for the 150,000 trainers who use this product.” Terms of the purchase were not disclosed.
Adtalem to Acquire Walden University from Laureate Education for $1.48 Billion, Creating a National Leader in Healthcare Education
Chicago – 11th September 2020 – Adtalem, a workforce solutions provider, has announced it has entered into a definitive agreement to acquire Walden University, an online healthcare education provider, from Laureate Education, Inc. for $1.48 billion in cash. With the addition of Walden, Adtalem will become the premier national healthcare educator, providing comprehensive workforce solutions to employers through proven learning modalities with superior academic outcomes. Lisa Wardell, Chairman and CEO of Adtalem, said: “During my tenure as CEO, we have worked to focus Adtalem’s portfolio and to divest those businesses that were not aligned with our long-term growth strategy. The acquisition of Walden University is a pivotal step in Adtalem’s transformation to a workforce solutions provider, solving increasingly complex talent supply challenges for healthcare providers. With a wide breadth of online, on-campus a hybrid healthcare program offerings, this acquisition will significantly expand our national healthcare education footprint and will further enable us to reimagine the future of healthcare education at a time when global health has never been a greater priority. Importantly, this compelling transaction also builds on our commitment to providing greater access to education, particularly for students of diverse backgrounds and those from underrepresented demographics.”
BCforward Expands Footprint with Minneapolis Acquisition
Indianapolis, Indiana – 10th September 2020 - Global information technology consulting and staffing firm, BCforward, headquartered in Indianapolis, Indiana, has acquired tapQA, a Minneapolis-based quality assurance technology firm. Commenting on the deal, founder and CEO of BCforward, Justin Christian, said: “tapQA is an extraordinary company with an amazing management team and an incredible reputation with their customers. With our shared commitment to excellence and achievement, together we will continue to transform the way our customers release software and products faster, as well as injecting modernization through automation and AI.” Founded by test professionals in 2010, tapQA has grown into one of the nation’s largest quality assurance-focused consulting firms. The firm provides automated and manual testing, onshore services, DevOps, and quality strategies to help clients bring their products to market faster and better by decreasing cost without sacrificing quality.
Jobvite Acquires Award-Winning Talent Analytics Platform Talentegy
Indianapolis, Indiana – 9th September 2020 - End-to-end talent acquisition suite, Jobvite, has announced that it has acquired award-winning talent analytics platform, Talentegy. The addition will help Jobvite customers improve the candidate experience, increase candidate conversions and hire better candidates faster, using actionable insights drawn from real-time engagement data across a company’s existing HR Technology stack, including career sites, application processes, and more. CEO of Jobvite, Aman Brar, commented: “For years, talent acquisition teams have struggled to leverage their data to improve recruiting outcomes. With the addition of Talentegy, our customers will be able to monitor the candidate experience, identify points of friction, and eliminate them in ways that significantly improve outcomes. We’re excited to join forces in a way that will further underscore the value of talent acquisition to every organization.”
Infosys Acquires Kaleidoscope Innovation Inc for $42 Million
Bengaluru, India & Cincinnati, Ohio - 3rd September 2020 - Infosys Ltd has announced a deal to acquire a 100% stake in Kaleidoscope Innovation Inc. from its founders for up to $42 million, including earnout, management incentives and bonuses. Kaleidoscope Innovation, based in Cincinnati, offers product design and development, with its services focused primarily on medical devices. The company also offers staffing. It had revenue of $20.6 million in 2019. Infosys President Ravi Kumar said: “This acquisition further strengthens our digital offerings at the intersection of new software technologies and medical devices — a sector that is expected to witness significant investments and consumerization in the post-Covid era,”