Dye & Durham makes two acquisitions in the legal technology industry
Toronto, Canada - 12th March 2019 - Dye & Durham Corporation, a provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, has announced it has purchased the assets of Cyberbahn and Marque d’or, which specialize in corporate search and registration and litigation support services, from Thomson Reuters Canada Limited. Dye & Durham has also acquired Index Property Information Ltd., a technology-enabled real estate search company based in the United Kingdom. These acquisitions enhance Dye & Durham’s growing portfolio of legal technology services, focused on the Canadian and UK markets. Matt Proud, CEO of Dye & Durham, stated, “With the addition of Cyberbahn and Marque d’or, Dye & Durham will continue to maintain focus on innovation and best-in-class technology and customer service.” Dye & Durham continues to expand its leadership in legal solutions further, extending its expertise to the UK with its acquisition of Index, a technology-enabled property search solution for residential and commercial real estate.
https://dyedurham.com/news/dye-durham-makes-two-acquisitions/
PINTEC Announces Acquisition of Australian Credit Risk Solution Provider, InfraRisk
BEIJING, March 11, 2019 – Pintec Technology Holdings Ltd, an independent technology platform, enabling financial services in China, has announced its acquisition of InfraRisk Pty Ltd, a supplier of credit risk related software and services in Australia. The acquisition represents a new milestone in PINTEC’s international expansion. With InfraRisk as a wholly-owned unit, PINTEC will further enhance its capability to serve financial institutions through its “SaaS Plus” model and explore new market opportunities in developed countries. PINTEC will maintain the current management of InfraRisk after the acquisition and InfraRisk will continue its independent operations with its own brand. “With rich experience in providing products and services for financial institutions and a well-established reputation and brand, InfraRisk will become a strong support for PINTEC’s overseas business expansion,” said William Wei, founder and CEO of PINTEC.
https://www.pintec.com/news/article?slug=pintec-announces-acquisition-of-australian-credit-risk-solution-provider-infrarisk
Ebix to Acquire India’s Largest Corporate Travel Exchange, Yatra Online, Inc.
Johns Creek, GA – 11th March 2019 – Ebix, Inc, an international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries has announced that it has sent a letter to the Board of Yatra Online, Inc, outlining its offer to acquire 100% of the outstanding stock of Yatra Online for $7 per share on a debt-free basis. Yatra Online, Inc is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India and provides corporate travel services to over 800 Corporate customers. Ebix intends to merge Yatra Online in its Indian EbixCash subsidiary set up. Ebix’s offer is subject to due diligence and customary regulatory and other closing conditions. Ebix’s model is to integrate acquired products, services and companies in a highly disciplined and efficient manner, with resulting cash flow and earnings per share being key endpoint metrics. Ebix believes that Yatra Online can generate revenues upwards of $150 million per year with 30%+ operating margins on a post-closing basis, within 6 months of the acquisition by Ebix.
https://www.ebix.com/press-release/ebix-to-acquire-yatra-online-inc
NVIDIA to Acquire Mellanox for $6.9 Billion
Monday, March 11, 2019 - NVIDIA and Mellanox have announced that they have reached a definitive agreement under which NVIDIA will acquire Mellanox. Pursuant to the agreement, NVIDIA will acquire all of the issued and outstanding common shares of Mellanox for $125 per share in cash, representing a total enterprise value of approximately $6.9 billion. Together, NVIDIA’s computing platform and Mellanox’s interconnects power over 250 of the world’s TOP500 supercomputers and have as customers every major cloud service provider and computer maker. Jensen Huang, founder and CEO of NVIDIA, said: “The emergence of AI and data science, as well as billions of simultaneous computer users, is fueling skyrocketing demand on the world’s datacenters. Addressing this demand will require holistic architectures that connect vast numbers of fast computing nodes over intelligent networking fabrics to form a giant datacenter-scale compute engine. We’re excited to unite NVIDIA’s accelerated computing platform with Mellanox’s world-renowned accelerated networking platform under one roof to create next-generation datacenter-scale computing solutions. I am particularly thrilled to work closely with the visionary leaders of Mellanox and their amazing people to invent the computers of tomorrow.”
https://nvdianews.nvidia.com/news/nvidia-to-acquire-mellanox-for-6-9-billion
TIBCO Announces Acquisition of High-Performance In-Memory Data Platform SnappyData
Palo Alto, California – 7th March, 2019 - TIBCO Software Inc., an integration, API management and analytics organisation, has announced it has acquired SnappyData. The acquisition will complement the TIBCO® Connected Intelligence platform with a unified analytics data fabric that enhances analytics, data science, streaming, and data management for various use cases requiring speed, volume, and agility. “SnappyData complements the TIBCO Connected Intelligence platform, providing improved performance and increased agility for intelligence at scale,” said Matt Quinn, Chief Operating Officer, TIBCO. “This acquisition aligns with our long-standing commitment to continued innovation and delivering the best possible solutions for our customers and partners. Together, TIBCO and SnappyData provide the ultimate data management platform, making the TIBCO Connected Intelligence platform one of the best solutions for driving real-time insights, such as predictive maintenance, anomaly detection, and more.”
https://www.tibco.com/press-releases/2019/tibco-announces-acquisition-high-performance-memory-data-platform-snappydata
Okta to Acquire Azuqua to Connect Business Applications in the Enterprise
San Francisco, CA - 7th March 2019 - Okta, Inc, an independent provider of identity for the enterprise, has announced it has entered into a definitive agreement to acquire Azuqua, a no-code, cloud-based business application integration and workflow automation company. Together, Okta and Azuqua will provide organizations with a neutral, independent control center for automating the business processes and the flow of identities between applications and services for everyone in an organization— from employees to partners, and customers. The proposed acquisition is expected to close during Okta’s fiscal first quarter, subject to the satisfaction of certain closing conditions.
https://www.okta.com/press-room/press-releases/okta-to-acquire-azuqua-to-connect-business-applications-in-the-enterprise/
Accenture acquires three more companies
5th March 2019 – Accenture has acquired 3 companies. Hjaltelin Stahl, ?What If! and Enterprise System Part5ners (ESP). Copenhagen-based Hjaltelin Stahl, is a Danish creative agency, known for its ability to create unique and consistent cross-media experiences for its clients. ?What If! Is a privately owned, London, UK-based innovation firm that uses an experimentation-driven approach to help clients incubate new products, services, business models and organizational cultures. Cork, Ireland-based ESP is a consulting and manufacturing services provider for the life sciences industry and serves clients around the globe. Upon completion of the transaction, ESP will join Accenture Industry X.0, which helps clients master the digital reinvention of industry, strengthening Accenture’s capabilities to transform manufacturing for pharmaceutical, biotech and medical device clients globally. All three acquisitions are in line with Accenture’s stated intent to invest up to $1.5 Billion in acquisitions during fiscal 2019.
https://newsroom.accenture.com/news/?page=2
Turnitin to Be Acquired by Advance Publications for $1.75B
Oakland, California - 6th March 2019 - Advance Publications has announced the acquisition of Oakland, California-based Turnitin, a provider of software that uses artificial intelligence to scan students’ writing and check for plagiarism. Media conglomerate, Advance Publications, which also owns Condé Nast, said the deal, which The Wall Street Journal has estimated is worth nearly $1.75 billion, is expected to close in the second quarter of 2019. Turnitin’s proprietary software promotes student authenticity, instructor effectiveness, and better educational outcomes. Through machine learning, computer vision, and advanced artificial intelligence, Turnitin’s products check for plagiarism and provide real-time feedback for students as well as automating grading across multiple disciplines for teachers. Steve Newhouse, Co-President of Advance, said: “We admire Chris Caren and his team, and Turnitin’s outstanding track record of enhancing integrity in written work at schools, universities, and publishers worldwide through cutting-edge technology. Advance is committed to investing in innovative technologies and we are thrilled to add Turnitin to our portfolio. We look forward to working with Chris to further enhance the company’s core products, invest in emerging technologies, and explore new opportunities.”
https://www.turnitin.com/press/advance-to-acquire-turnitin
Infosys to Open New Digital Innovation Center in Romania
Bucharest, Romania – 13th March 2019 – Infosys, a next-generation digital services and consulting company, has announced it will be opening a new Digital Innovation Center in Bucharest, Romania. The center will focus on developing offerings for clients, based on cutting-edge digital technologies including Cloud, Big Data, Artificial Intelligence and Machine Learning. Infosys will invest in training programs for both its current employees and new hires. These training programs will focus on several key competencies including user experience, Cloud, Big Data, digital offerings, core technology skills and computer science skills. The company has also announced that it is entering into an agreement with the University of Bucharest and the University Politehnica Bucharest to form a strategic partnership for technology innovation and Romanian workforce development; including joint training courses, scholarships and research.
https://www.infosys.com/newsroom/press-releases/Pages/opens-digital-innovation-center-romania.aspx
Top Image Systems Files Definitive Proxy for Acquisition by Kofax
Tel Aviv, Israel and Plano, Texas – 13th March 2019 – Top Image Systems Ltd. has announced that it has filed its definitive proxy in connection with the Company’s previously announced acquisition by Kofax Holdings International Ltd. On February 4th, 2019, the Company announced that it had entered into an agreement, under which the company will be acquired by Kofax Holdings International Ltd, a private limited company, incorporated under the Laws of England and Wales.
https://www.topimagesystems.com/news/top-image-systems-files-definitive-proxy-for-acquisition-by-kofax/
Apple Acquires Machine Learning Startup in Boost for AI Group
Apple has acquired machine learning (ML) start up, Laserlike, to enhance its AI suite, including AI assistant, Siri. The Information reported that Apple purchased the four-year-old Silicon Valley-based start up, which was founded by three former Google engineers, towards the end of 2018. Cupertino churned out its usual statement, confirming: "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans". Laserlike had an app, which is no longer available in the App Store or Google Play, that used AI to offer users a personalised "interest search engine" that searches for content about the topics that the user cares about. The start up's technology was also adopted by Mozilla last year for a 'Test Pilot' Firefox add-on that generated recommendations of sites to visit, based on a user's browsing habits. Laserlike’s team has joined Apple’s new artificial intelligence group, headed by John Giannandrea, who was promoted to Senior Vice President in December, after being hired from Google last year. The source confirmed the Laserlike acquisition occurred late last year.
https://www.theinformation.com/articles/apple-acquires-machine-learning-startup-in-boost-for-ai-group
Equinix Appoints Three Company Veterans to New Roles
Redwood City, California – 13th March 2019 - Equinix, Inc, a global interconnection and data center company, has announced that three executives will move into new roles to address the growing opportunity for Equinix as a strategic platform on which customers architect their digital business. Effective early Q2, the changes include current President, Americas, Karl Strohmeyer, becoming Chief Customer and Revenue Officer, overseeing the company's overall go-to-market strategy. Sara Baack, currently Chief Marketing Officer, will take on the role of Chief Product Officer, whilst Eric Schwartz, currently President, EMEA, will begin serving as Chief Strategy and Development Officer. The changes will enable Equinix to further drive customer success and accelerate growth as companies embrace digital transformation and leverage Platform Equinix® as their interconnected digital edge, via a global and private infrastructure.
https://www.equinix.co.uk/newsroom/press-releases/pr/123700/Equinix-Appoints-Three-Company-Veterans-to-New-Roles/
