Accenture to Acquire Avenai, Ottawa-based Business and Technology Consultancy
Ottawa – 7th October 2020 – Accenture has agreed to acquire Ottawa-based provider of consulting and technology services, Avenai. With Avenai’s significant focus on the public sector market, the acquisition will enhance Accenture’s capacity to drive the technology transformation taking place across the public sector in Canada. Financial terms were not disclosed. Mark Lambert, Managing Director and federal public service practice lead in Canada, said, “Government organizations are at a digital transformation tipping point, with many departments and agencies rapidly moving to the cloud and embracing new ways to modernize and improve delivery models and services for Canadians. Avenai brings a stellar consulting team that will be amplified by Accenture’s global reach to support our clients’ broad ambitions.”
Ping Identity Acquires Personal Identity Leader ShoCard to Revolutionize Privacy
Denver – 7th October 2020 - Ping Identity, the intelligent identity solution for the enterprise, has announced the acquisition of ShoCard, a technology designed to transform the way users manage their identity. With the adoption of this new technology, Ping Identity is paving the way for a new era in identity, giving individuals more control over their personal information and how and when it is shared, while reducing fraud and streamlining user interactions with companies.. The technology allows individuals to collect verification of their identity and share it with businesses when establishing new relationships in a privacy-first user experience. ShoCard leverages the power of today’s mobile phones as a personal identity vault. Through integration with the Ping Intelligent Identity Platform which secures over 2 billion accounts, ShoCard allows users to collect and store personal identity information on their phone and then unlock and share that information using facial or fingerprint biometrics. The technology will be integrated into the Ping Platform and made available to all Ping customers as a new model for privacy and customer engagement.
Applied Industrial Technologies Acquires Advanced Control Solutions
Cleveland, OH - 7th October 2020 - Applied Industrial Technologies (AIT) has announced it has acquired Advanced Control Solutions (ACS), a provider of automation products, services and engineered solutions, focused on machine vision equipment and software, mobile and collaborative robotic solutions, intelligent sensors, logic controllers, and other related equipment. Terms of the transaction were not disclosed. “The addition of ACS extends and enhances our automation offering by providing next generation automation solutions through emerging technologies and specialized engineering services,” said Neil A. Schrimsher, President & Chief Executive Officer for Applied. “Their strong Southeast presence brings established customer relationships and supplier partnerships, plus an experienced team with valuable capabilities including state-of-the-art automation training and machine vision engineering expertise.”
Accenture to Acquire Myrtle Consulting Group to Expand Implementation of New Digital Manufacturing, Operations and Supply Chain Models for Clients
New York & Houston – 6th October 2020 – Accenture has agreed to acquire Myrtle Consulting Group, an industrial operations consulting firm headquartered in Houston. Myrtle partners with companies across consumer products, life sciences, chemicals, mining and other heavy manufacturing industries to produce and distribute goods in a safer, more efficient and sustainable way. The acquisition will expand Accenture’s manufacturing and supply chain capabilities. Specifically, it will strengthen Accenture’s ability to transform these areas for clients from initial value assessments and operating model strategies to new business processes and technology solutions. Edwin Bosso, CEO and founder of Myrtle, said: “Becoming part of Accenture Industry X will allow us to pair our frontline operational expertise with Accenture’s global reach and digital capabilities to bring solutions to clients that will transform their operations from the ground up.”
Accenture Increases Cloud First Capabilities in Australia and New Zealand With Acquisition of SAP Specialist Provider Zag
Auckland, New Zealand – 5th October 2020 – Accenture has acquired New Zealand-based SAP and cloud solutions technology firm, Zag. The acquisition will bolster Accenture’s New Zealand and Australian digital transformation capabilities to meet increased demand from organisations migrating to the cloud and SAP’s next generation products. Explaining the rationale behind the deal, Ben Morgan, Accenture’s New Zealand Managing Director, said: “By pairing Accenture’s global expertise with Zag’s local talent and insight, this acquisition will strengthen our ability to help clients accelerate their business transformation using SAP and Cloud technologies delivering more value from the new platforms. This move demonstrates our ongoing commitment to bringing new thinking, talent and innovation to clients across the region.”
SAP Acquires Omnichannel Customer Engagement Company, Emarsys
Walldorf, Germany & Indianapolis, Indiana – 1st October 2020 - SAP SE has announced it has entered into an agreement to acquire Emarsys, a leading omnichannel customer engagement platform provider. Emarsys enables businesses to engage more effectively and more personally with their customers. Enhancing the SAP Customer Experience portfolio with Emarsys will create a new paradigm for how commerce is managed digitally as it will deliver hyperpersonalized, omnichannel engagements in real time, helping organizations ensure every engagement is relevant and impactful. Commenting, Christian Klein, CEO of SAP, said: “The success of brands worldwide depends today on their ability to offer a compelling customer journey and to cater to the individual expectations of customers. To meet these expectations, front-office data must be integrated with back-office capabilities and with individual customer feedback. Once the transaction closes, SAP will enable brands to connect every part of their business to the customer, including experience data. We will deliver a portfolio for a ‘commerce anywhere’ strategy allowing for hyperpersonalized digital commerce experiences across all channels at any time.” https://news.sap.com/2020/10/sap-to-acquire-emarsys/?source=email-en-newscenter-newsletter-20201007&sap-outbound-id=91BEC5F1EF9D83E1325450638E4B611552BBD7ED&smc_campaign_id=0000011784
Inpixon to Acquire Nanotron, a Leader in IoT and UWB Technologies
Palo Alto, Caliornia & Toronto – 5th October 2020 – Inpixon, an indoor data company that delivers Indoor Intelligence™ solutions, has announced that it has entered into a definitive agreement to acquire Nanotron Technologies GmbH, a global location awareness technology company. The transaction is expected to increase Inpixon revenues by over $5 million on an annual basis and to be accretive. Headquartered in Berlin, Germany, Nanotron has established itself over the past two decades as a provider of innovative IoT solutions for real-time location systems (RTLS) and indoor and outdoor positioning solutions utilizing both industry-standard technologies, such as ultra-wideband (UWB), and patented proprietary wireless communication technologies, such as Chirp Spread Spectrum (CSS).
Genpact Announces Agreement to Acquire Something Digital
New York – 5th October 2020 – Genpact, a global professional services firm, focused on delivering digital transformation, has announced the acquisition of Something Digital, which will expand its experience business, Rightpoint. The announcement furthers Genpact’s strategy to fuse experience and process innovation to help clients drive end-to-end digital transformation and win in the growing experience economy. Genpact acquired Rightpoint in 2019 to consolidate its TandemSeven experience business into the Rightpoint brand. The addition of Something Digital expands on that expertise, enabling true end-to-end digital commerce that puts customer experience at the center. Ross Freedman, Chief Executive Officer of Rightpoint, commented: “The experience economy rewards organizations that can connect people, process and technology effectively to deliver the right experience at the right time, and it leaves behind those that cannot. Only by connecting front-end commerce to back-end processes, can organizations create the customer experience that consumers increasingly demand. This acquisition reinforces our ability to help our clients create competitive advantage, with an end-to-end digital commerce offering that puts customer experience front and center.”
Stonecourt Capital Acquires 365 Data Centers
Norwalk, CT – 6th October 2020 – 365 Data Centers, a provider of hybrid data center solutions, has announced that Stonecourt Capital LP has acquired the Company and original investors, Lumerity Capital and Longboat Advisors, have reinvested into the new partnership. Under the leadership of the Company’s Chief Executive Officer, Bob DeSantis, 365 has developed into one of the largest, privately owned data center solutions providers, offering a comprehensive set of services to over 650 customers in the eastern United States. Since its inception in 2017, the Company has acquired, financed, and fully integrated four complementary businesses. After completion of the transaction, Mr. DeSantis will continue to lead the Company as CEO, a Board member and investor.
Fortissimo Capital sells 50% of Priority Software holdings at a $250 million valuation
Tel Aviv, Israel – 5th October 2020 - Global growth private equity firm, TA Associates, has announced that it is acquiring 50% of Israeli ERP (Enterprise Resource Planning) software company, Priority Software Ltd, one of Yuval Cohen’s Fortissimo Capital’s portfolio companies. Though terms of the deal were undisclosed, it has been reported that the acquisition was based on a company valuation of $250 million. The fund had initially entered negotiations about investing in Priority a year ago, but the deal failed to materialize. Talks resumed in recent weeks, this time at an expedited pace, which led to the deal being finalized in recent days. “Priority Software is considered by many to be a market leader in the Israeli ERP space, and we believe that the company has significant untapped potential,” said Stefan Dandl, a Senior Vice President at TA Associates, who has joined the Priority Software Board of Directors. “Additionally, there is a significant opportunity for Priority Software to expand internationally in its addressable market through acquisitive and organic growth. We look forward to partnering with the Priority Software and Fortissimo teams in these growth efforts.” http://www.ffcapital.com/fortissimo-capital-sells-50-of-priority-software-holdings-at-a-250-million-valuation/
Compass Agrees To Acquire Modus
New York & Seattle – 5th October 2020 - Compass, the real estate technology company, has announced that it has signed a definitive agreement to acquire Modus, a title and escrow software start up. The Seattle-based company brings its 60+ person team and tech-driven closing process to Compass's end-to-end platform for real estate. Commenting, Compass CTO, Joseph Sirosh, said: "Modus is transforming title and escrow from an offline, antiquated undertaking into a transparent tech-enabled solution that saves real estate agents time by simplifying the entire closing process. Compass has significantly accelerated our ability to provide agents with a more complete suite of services with this acquisition. Not only are we integrating Modus software into our platform – we're also gaining an experienced team that comes with a deep understanding of building for, and driving adoption within, this complex and highly fragmented industry."
BPM Acquires Caravel Partners to Expand Technology Solutions Practice
San Francisco – 1st October 2020 - BPM, one of the 50 largest public accounting and advisory firms in the country, announces its combination with Silicon Valley-based Caravel Partners. The combination, which will go into effect October 1, 2020, expands BPM’s Technology Solutions practice for clients needing real-time business solutions in a digital-first world. “We are thrilled to welcome the Caravel team,” said Bryan Rhody, BPM Partner, Technology Solutions. “At a time when businesses need the power of technology and remote operational solutions more than ever before, we are excited to add the amazing Caravel team to ensure our clients have access to the most powerful software for their budget and diverse needs.” Caravel Partners helps companies grow their operations efficiently by developing scalable processes and deploying ERP software technology solutions. The team works with like-minded SMB, mid-market and enterprise clients across various industries developing leading practices and building technology roadmaps.