Atlassian acquires AgileCraft for $166 Million
Sydney, Australia - 18th March 2019 - Australian software behemoth, Atlassian, has announced its plans to buy Austin-based AgileCraft for $166 million. AgileCraft’s goal is to help enterprise organizations build and manage a ‘master plan’ of their most strategic projects and workstreams. In a press release, Atlassian Founder, Scott Farquhar, outlined the rationale behind the acquisition: “Gone are the days when digital transformation was an option for companies. It’s now a requirement. [Companies] face new complexity and barriers to collaboration, which are only magnified at scale. We know loads of time is wasted collecting status updates across hundreds of agile teams, getting unstructured snapshots of capacity, and trying to measure value generation. These challenges require a different set of tools – ones that give leaders critical visibility and allow them to adapt in a timely way. That’s why we’re excited to share we’ve entered into an agreement to acquire AgileCraft, a leader in enabling scaled agile transformations.” https://www.atlassian.com/blog/announcements/introducing-agilecraft
FIS to Acquire Worldpay for $43 Billion to Accelerate the Future of Finance and Commerce Globally
Jacsonville, Florida and Cincinnati – 18th March 2019 – FIS™, a global financial services technology company, and Worldpay, Inc, a global company, specialising in eCommerce and payments, have announced that they have entered into a definitive merger agreement. This combination enhances FIS’ acquiring and payment offerings and significantly increases Worldpay’s distribution footprint, accelerating its entry into new geographies. Upon closing, the combined company will be positioned to offer best-in-class enterprise banking, payments, capital markets, and global eCommerce capabilities empowering financial institutions and businesses worldwide. In a statement, Gary Norcross, Chairman, President and Chief Executive Officer, FIS, said: “Upon closing later this year, our two powerhouse organizations will combine forces to offer a customer-driven combination of scale, global presence and the industry’s broadest range of global financial solutions. As a combined organization, we will bring the most modern solutions targeted at the highest growth markets.”
https://www.fisglobal.com/about-us/media-room/press-release/2019/fis-and-worldpay-to-combine-to-accelerate-the-future-of-finance-and-commerce-globally
Newell Brands Announces Agreement to Sell Process Solutions to One Rock Capital Partners, LLC
Hoboken, NJ – 18th March 2019- Newell Brands has announced that it has signed a definitive agreement to sell its Process Solutions Business to One Rock Capital Partners, LLC, a private equity firm focused on control-stake equity investments in middle-market companies in North America. Process Solutions, inclusive of Plastic Solutions, Lifoam, Consumer Table Top, Zinc Products and Applied Materials, manufactures custom-designed plastic, nylons, monofilament, and zinc products that solve both industrial and consumer challenges. After-tax proceeds for the divestiture are anticipated to be $500 million, subject to customary working capital and transaction adjustments. In 2018, net sales for Process Solutions were approximately $640 million. Credit Suisse Securities (USA) LLC acted as financial advisor to the company on the Process Solutions deal, which is expected to close in the second quarter of 2019, subject to customary closing conditions, including regulatory approval.https://ir.newellbrands.com/news-releases/news-release-details/newell-brands-announces-agreement-sell-process-solutions-one
Envestnet to Acquire PIEtech®, Creator of MoneyGuide Financial Planning Applications
Chicago - 14th March 14, 2019 – Envestnet, a provider of intelligent systems for wealth management and financial wellness, has announced it will acquire PIEtech, Inc., the creator of the MoneyGuide family of financial planning applications. MoneyGuide is a leading goals-based financial planning application used by financial advisors. Jud Bergman, Chairman and CEO of Envestnet, said: “Financial planning is a key component of our vision for enabling Financial Wellness. We have admired the MoneyGuide offerings for some time and recently announced our collaborative partnership with Apprise Labs and the PIEtech team. With MoneyGuide’s financial planning applications more deeply integrated into Envestnet’s wealth management solutions, enterprises, advisors and their clients can benefit from a frictionless wealth management technology solution across the application stack, driving higher productivity and better client outcomes.”
https://www.envestnet.com/press/envestnet-acquire-pietech-creator-moneyguide-financial-planning-applications
Ardian Acquires Minority Stake in Eloquant
Paris, 18 March 2019 – Ardian, a private investment house, has announced the acquisition of a minority stake in Eloquant, a SaaS software publisher specializing in multi-channel customer relations management, as part of an owner buyout (OBO) alongside its existing investors and management. Founded in 2001 in Grenoble, France, Eloquant’s software is used to manage customer relations across all communication channels (telephone, email, chat and social network). Recognised as a key player in its sector, Eloquant’s customer portfolio consists principally of mid-market businesses and large corporates operating in BtoB or BtoC activities. The deal will enable the company to maintain its commercial momentum while pursuing an active growth strategy in France and internationally. According to Laurent Duc, CEO of Eloquant: “We wanted to speed up our development and strengthen our position, so we embarked on a new growth cycle based on our capacity for innovation and bolt-on acquisitions. With that goal in mind, Ardian Growth is the ideal partner because of its market expertise and substantial ability to provide support.”
https://www.ardian.com/en/press-release/20190318-ardian-growth-ardian-supports-eloquant-its-growth
Bridgeline Digital Makes 2nd Strategic Acquisition of 2019
Kingston, Ontario – 14th March 2019 - Bridgeline Digital, Inc, provider of cloud-based Web Content Management, eCommerce and Marketing Automation software, has announced its acquisition of certain assets of Stantive Technologies Group, Inc, including OrchestraCMS, a digital experience platform built 100% native on Salesforce.com. The OrchestraCMS platform helps Salesforce customers create employee intranets, customer portals and marketing Web sites. This is Bridgeline’s second strategic acquisition of 2019. “The depth of the integration with Salesforce offered by OrchestraCMS is a powerful addition to the Bridgeline Unbound platform - and will boost omnichannel marketing efforts of our customers,” says Carl Prizzi, EVP of Product. “This will further enhance Bridgeline’s ability to assist marketers with unifying the customer experience through the delivery of the right content, to the right audience at the right time.”
http://www.stantive.com/News-and-Events
Yext Collaborates with Adobe to Drive Website Discovery
Yext, Inc,a Digital Knowledge Management (DKM) company, has announced a new collaboration with Adobe. Yext has launched four integrations with the Adobe Experience Cloud to easily connect Yext knowledge to properties and assets created and managed with Adobe. These integrations will enable businesses to use their brand data stored in Yext across websites, mobile apps, email systems, and the Internet of Things. Adobe customers can now leverage Yext to increase discoverability of their Adobe experiences and give them control of their brand across the internet. “As search transforms from results to answers, the importance of structuring critical brand information to supply verified, direct answers to consumers is only continuing to grow,” said Howard Lerman, Founder and CEO of Yext. “We are proud to collaborate with Adobe to provide new ways for brands to provide an excellent customer experience powered by intelligence.”
https://www.yext.com/blog/2019/03/yext-collaborates-with-adobe-to-drive-website-discovery/
