IBM to Acquire Cloud Computing Consultant Taos Mountain
Armonk, New York – 14th January 2021 - IBM has announced an agreement to acquire cloud professional and managed services provider, Taos. The news further advances IBM's cloud migration and transformation capabilities, an important aspect of its hybrid cloud platform growth strategy. John Granger, Senior Vice President, Cloud Application Innovation and Chief Operating Officer, IBM Global Business Services, commented: "Taos adds the deep expertise, public cloud partnerships and innovative solutions needed to drive growth and adoption of IBM's hybrid cloud platform throughout the Americas. The platform gives enterprises the freedom to choose from multiple providers to best meet their business and IT needs, and we are committed to helping our clients successfully navigate their open hybrid cloud journeys with those providers." Headquartered in San Jose, California, Taos is one of the largest multi-cloud consulting and managed services firms in North America. The company brings 30 years of experience with leading brands across technology, financial services, healthcare, retail, transportation and education. A leading adopter of public cloud technologies, Taos forged strong partnerships with Amazon Web Services, Google Cloud Platform, and Microsoft Azure to deliver data center migration, platform engineering and hybrid cloud managed services.
Citrix to Acquire Wrike for $2.25 Billion
Fort Lauderdale, Florida – 19th January 2021 – Citrix Systems, Inc. has announced that it has entered into a definitive agreement to acquire Wrike, a rapidly growing company in the SaaS collaborative work management space, for $2.25 billion in cash. The combination will bring together Citrix’s powerful digital work platform, which securely delivers the resources an employee needs to be productive in one unified experience, and Wrike’s innovative work management solution, which streamlines collaboration and work execution, providing employees with additional tools to work efficiently and securely wherever they may be. The addition of Wrike’s cloud-delivered capabilities will accelerate Citrix’s business model transition to the cloud and strategy to become a complete SaaS-based work platform addressing the needs of various functional groups within the enterprise.
Upland Software Acquires Second Street
Austin, Texas – 21st January 2021 - Upland Software, Inc, a cloud-based expert in tools for digital transformation, has acquired Second Street Media, Inc., an audience engagement cloud software platform. Adding Second Street to Upland’s product portfolio will provide Upland’s customers the power to build promotions and email campaigns that grow revenue, customer databases, and consumer engagement. “Our customers need to deliver content experiences consumers enjoy interacting with and benefit from,” said Jack McDonald, chairman and CEO of Upland. “Contests and interactive content are a proven and effective way to engage, attract, and retain consumers, and Second Street delivers this at scale. Matt and the team have developed strong products, have a complementary customer base, and we’re excited to welcome Second Street and their customers to Upland.” With Second Street, businesses can quickly create powerful cross-channel, opt-in customer experiences with a catalog of 700 template and customizable sweepstakes, contests, brackets, quizzes, and more. The results are better engagement, revenue growth, and smart audience development to improve conversion and provide rich segmentation for future campaigns. Upland will integrate Second Street into its Customer Experience Management product suite, which includes email and mobile messaging solutions.
Cognizant to Acquire Magenic Technologies, Strengthening Digital Engineering Capabilities
Teaneck, NJ – 19th January 2021 - Cognizant as entered into an agreement to acquire Magenic Technologies, Inc., a privately-held custom software development services company headquartered in Minneapolis, Minnesota. The acquisition will expand Cognizant's software product engineering footprint, adding 475 employees in the U.S. across seven locations and more than 350 employees in Manila, Philippines. Magenic provides Agile software and cloud development, DevOps, experience design, and advisory services. "Magenic has exceptional software development and cloud modernization teams that will enhance our global engineering talent network and expertise," said Malcolm Frank, President, Digital Business and Technology, Cognizant. "We continue to invest in digital engineering, a key priority as clients move from traditional application development to custom software to provide compelling customer experiences and differentiated productivity solutions. We look forward to welcoming Magenic's experts to Cognizant."
Accenture Acquires Wolox, Boosting Cloud First and Digital Transformation Capabilities in Argentina and South America
Buenos Aires – 15th January 2021 – Accenture has acquired Wolox, an Argentinean, cloud native and agile development company that provides digital solutions to help clients achieve successful business outcomes. Founded in 2012, Wolox’s team of more than 280 professionals specializes in integrated services that include digital business design, product creation and agile squads. Commenting on the acquisition, Karthik Narain, global lead for Accenture Cloud First, said: “The acquisition of Wolox brings differentiated skills to Accenture, as the team uniquely blends cloud native development with design and state-of-the-art technologies for business transformation. Wolox has multidisciplinary teams of industry and business experts, UX/UI designers, software designers, architects and engineers and, together, we’re now more equipped to help clients tap into the technology expertise and human ingenuity that powers how Accenture innovates.”
Hillrom Announces Plan to Acquire Bardy Diagnostics, Inc. for $375 Million
Chicago – 19th January 2021 - Hillrom has announced it has reached a definitive agreement to acquire Bardy Diagnostics, Inc. (BardyDx), an innovator in digital health and a provider of ambulatory cardiac monitoring technologies. Under the terms of the agreement, Hillrom will purchase BardyDx for a cash consideration of $375 million and future potential payments based on the achievement of certain commercial milestones. Hillrom is also acquiring net operating losses valued at more than $20 million that are expected to result in future tax benefits. "This acquisition provides Hillrom with a highly strategic and differentiated diagnostic cardiology platform aligned with our vision of Advancing Connected Care™, as well as an attractive recurring, high-growth revenue stream and gross margin profile," said Hillrom President and CEO, John Groetelaars. "BardyDx brings a talented team with significant commercial, clinical and scientific expertise, and dedicated independent diagnostic testing facilities. We look forward to welcoming the 230 employees who will join us in our mission of enhancing outcomes for patients and their caregivers."
TeamViewer Acquires Customer Engagement Innovator Xaleon
Göppingen, Germany – 19th January 2021 - TeamViewer, a global provider of secure remote connectivity solutions and workplace digitalization technology, has announced its acquisition of Austrian startup and provider of customer engagement software, Xaleon. Xaleon's core product is a co-browsing technology that enables an advanced form of GDPR-compliant screensharing in web sessions without installation and transfer of user data. Xaleon's solution also provides interfaces (APIs) to all major customer service and ticketing systems for seamless integration. Oliver Steil, TeamViewer's CEO, said: "Xaleon is a great addition to our existing product portfolio. After the acquisition of Ubimax last year we support companies in digitalizing their industrial processes using our combined IoT, Augmented Reality and Frontline solutions. Now we invest in the customer engagement space as we see an increased need for remote customer interactions replacing physical sales and customer services processes as an important part of the value-chain in all industries."
Wattpad to be Acquired by South Korean Internet Conglomerate, Naver for $600 Million
Toronto, Canada and Seoul, South Korea - 19th January 2021 - The Board of Directors of Wattpad, the global multi-platform entertainment company for original stories and social storytelling platform, has announced its unanimous approval of a definitive agreement to be acquired by Naver, South Korea’s internet conglomerate. Naver is expected to acquire Wattpad in a cash and stock transaction valued at more than an estimated USD $600 million, subject to customary adjustments and other terms. The acquisition will allow Wattpad to continue to accelerate its international growth and success. The company will remain headquartered in Canada under the continued leadership of founders Allen Lau and Ivan Yuen. As one of Korea’s largest publicly listed companies and a globally recognized technology powerhouse, Naver offers a world-class portfolio of search, e-commerce, fintech, communications / social networking, cloud service, content, and entertainment services and brands.
Cisco and Acacia Communications Announce Amended Merger Agreement
San Jose, California – 14th January 2021 - Cisco and Acacia Communications have announced an amendment to the definitive merger agreement under which Cisco previously agreed to acquire Acacia. Under the terms of the amended agreement, Cisco would acquire Acacia for $115 per share in cash, or for approximately $4.5 billion on a fully diluted basis, net of cash and marketable securities. Cisco and Acacia expect to complete the acquisition by the end of the first calendar quarter of 2021, subject to closing conditions, including Acacia stockholder approval. Upon completion of the acquisition, CEO Raj Shanmugaraj and Acacia employees will join Cisco's Optics business. Cisco Chairman and CEO, Chuck Robbins said: "I am delighted that Cisco and Acacia have decided to come together in this mutual deal. We look forward to welcoming Raj and the Acacia team to Cisco to offer our customers world-class coherent optical solutions to power the Internet for the future." The pending acquisition of Acacia reinforces Cisco's commitment to optics as a critical building block that will enhance the company's 'Internet for the Future' strategy with world class coherent optical solutions for customers, further enabling them to address the unprecedented scale of modern IT.
ThoughtWorks Acquires Gemini Solutions Inc
Chicago - 13th January 2021 - Global software consultancy, ThoughtWorks, has announced it has agreed to acquire privately-held software development and consulting services firm, Gemini Solutions Inc.Founded in 2005 by a group of Silicon Valley technologists, Gemini Solutions is dedicated to delivering world-class software product development services. Today, its over 170 team members include software engineers and operations staff, based in Romania and covering a broad spectrum of technologies across the entire software product development lifecycle. Their technical teams are recognized not only for their fast-paced delivery but also for their product development discipline. Gemini Solutions offers a unique blend of creativity, agility, discipline, and technical excellence which has resulted in enduring partnerships with clients. The close of the acquisition will see the establishment of ThoughtWorks Romania with the Gemini Solutions team at its core. The acquisition will strengthen ThoughtWorks’ foundation and overall European expansion. The team will provide nearshore support for ThoughtWorks’ clients in the UK and Germany as well as continuing to support Gemini’s existing clients in North America, France, and Germany.
TPG Growth and The Rise Fund Make Major Investment in Greenhouse Software
New York, NY; Fort Worth, TX; and San Francisco, CA – 14th January 2021 - TPG Growth and The Rise Fund have announced that they have signed a definitive agreement to partner with Greenhouse, the hiring software company used by over 4,000 businesses, as a majority investor. TPG Growth, the middle-market and growth equity platform within TPG, and The Rise Fund, the global impact investing platform managed by TPG, will jointly invest in Greenhouse to accelerate product innovation, grow into new markets, and enhance solutions aimed at accelerating diversity, equity and inclusion in hiring. Financial terms of the transaction were not disclosed. The transaction, which is expected to close during the first half of 2021, is subject to customary closing conditions. Comenting on the investment, Daniel Chait, CEO of Greenhouse, said: “Winning businesses are built by talented individuals. Yet every day, organizations around the world base their hiring decisions on hunches and without data, perpetuating biases and limiting human potential. We founded Greenhouse to help companies become great at hiring and reduce bias in the hiring process. Through this investment from TPG Growth and The Rise Fund, we gain a partner with the resources and vision to support our growth, and who is totally aligned with our mission. The Rise Fund’s unique focus on real, measurable impact is so exciting because it supports our ability to drive positive outcomes for our customers and for society as a whole.”
Logically Acquires NG2 to Expand Midwest Presence
Portland, ME – 19th January 19, 2021 - Provider of Managed IT Services to small and midsize organizations, Logically, has announced its acquisition of NG2, a provider of managed IT services based in Minneapolis, serving businesses throughout the region. This is the fifth acquisition for Logically, who acquired PCR in December 2020. NG2 was founded in 2009 and has grown and evolved as an expert resource for managed IT services, providing a customer-centric approach to delivering outsourced IT Management for its customer base. “We made the decision to acquire NG2 because of its outstanding reputation and long-standing customer relationships. In addition, NG2’s Midwest presence gives us the opportunity to expand our footprint to successfully serve this region,” said Mike Cowles, CEO of Logically. This is the fifth acquisition for Logically in the span of just over a year, as the company zeros in on becoming one of the top ten managed service providers in the United States.