Accenture to Acquire ARZ in Austria to Expand Banking Platform-as-a-Service Capabilities Across Europe
Vienna and Innsbruck, Austria – 1st June 2022 - Accenture has agreed to acquire Allgemeines Rechenzentrum GmbH (ARZ), a technology service provider focused on the banking sector in Austria. The acquisition will expand Accenture’s cloud-based banking platform-as-a-service offerings, ranging from core banking services to online banking as well as regulatory services for banking clients across Europe. Explaining the rationale behind the acquisition, Senior Managing Director in Accenture’s financial services practice in Europe, Roland Smertnig, said: "Our vision is to develop an innovative cloud-based banking platform-as-a-service offering for new and existing clients across Europe. By acquiring ARZ, we are expanding our digital transformation capabilities to help banks of the future as they look to move more of their core functions to the cloud, enable new business models, and reinvent the services and experiences they provide to customers.”
The Glimpse Group Acquires PulpoAR, an Augmented Reality SaaS Company Providing Artificial Intelligence-Based Virtual Try-On Technology
New York, NY – 1st June 2022 - The Glimpse Group, Inc, a diversified Virtual Reality (VR) and Augmented Reality (AR) platform company providing enterprise-focused VR and AR software and services solutions, has announced that its wholly-owned subsidiary company, QReal, LLC has acquired the assets of PulpoAR, a Turkey-based AR technology e-commerce company providing virtual try-on solutions primarily for the Beauty and Retail markets. Commenting on the transaction, Lyron Bentovim, President & CEO of Glimpse, said: "Over the past two years, PulpoAR has impressively established best-in-class virtual try-on technology and has demonstrated its SaaS solutions among leading brands in the Beauty segment, with over 20 customer relationships and several key strategic partnerships. Their technology is cutting-edge, significantly enhances Glimpse's technology stack and capabilities, and expands our competitive advantage - specifically in critical areas of AI and Image Recognition, which are increasingly necessary and will be utilized across Glimpse's subsidiary companies in both AR and VR applications. We are very excited to welcome Onur, Rayan, Bugrahan and the entire PulpoAR team to our growing ecosystem."
Tyler Technologies Acquires Quatred
Plano, Texas - Tyler Technologies, Inc. has announced it has acquired Quatred, a systems integrator and solution provider that assists clients with implementing advanced touchless technologies, including barcoding. Quatred has been a Tyler partner since 2018, when Tyler began integrating with QUICK® (Quatred Universal Interface Control Kit), a wireless, service-oriented architecture foundation, providing rapid deployment. These mobile solutions interact in real-time with Tyler's Enterprise ERP solution, powered by Munis®, to track assets and inventory transactions. Through this acquisition, Tyler will integrate Quatred's barcoding technology into additional Tyler solutions while also strengthening its current enterprise resource planning (ERP) and enterprise asset maintenance offerings. "The acquisition of Quatred builds upon our successful partnership for the QUICK solution serving our ERP portfolio and is a natural fit for Tyler," said Chris Webster, president of Tyler's ERP Division. "We are very excited to bring a single barcoding solution to all Tyler platforms to support a unified client experience..”
Broadcom to Acquire VMWare for $61 Billion
San Jose and Palo Alto, California – 26th May 2022 - Broadcom Inc, a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions, and VMware, Inc, an innovator in enterprise software, have announced an agreement under which Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022. In addition, Broadcom will assume $8 billion of VMware net debt. Combining Broadcom’s Software portfolio with VMware’s platform will provide enterprise customers an expanded platform of critical infrastructure solutions to accelerate innovation and address the most complex information technology infrastructure needs. Hock Tan, President and Chief Executive Officer of Broadcom, said, "Building upon our proven track record of successful M&A, this transaction combines our leading semiconductor and infrastructure software businesses with an iconic pioneer and innovator in enterprise software as we reimagine what we can deliver to customers as a leading infrastructure technology company.."
ProductBoard Acquires SatisMeter
San Francisco & Prague – 26th May 2022 – ProductBoard, the customer-centric product management platform that helps teams get the right products to market faster, has announced it has acquired SatisMeter, a feedback platform that measures user engagement through in-product touchpoints at every stage of the customer journey. In a statement announcing the acquisition, ProductBoard explained that with their first-ever acquisition, they wanted to give their customers the tools to be more customer-centric. With SatisMeter they have acquired a platform that perfectly complements their capabilities for gleaning insights from customer feedback to inform customers’ most important product decisions. Founder & CEO of Productboard, Hubert Palan, commented, "Exceptional digital experiences are essential to delivering value for organizations today. Consumer expectations are skyrocketing and competition is intense, and we believe it's more important than ever for product management teams to incorporate customer feedback at every stage of the product lifecycle. With this acquisition, we are building on our existing customer-centric capabilities with the ability to easily collect contextual feedback directly from users and close feedback loops. We're excited to welcome the SatisMeter team to Productboard."
Trinity Industries, Inc. Announces the Acquisition of Quasar Platform
Dallas, Texas - 31st May 2022 - Trinity Industries, Inc. has announced the acquisition of Quasar Platform Inc. from Cando Rail & Terminals Ltd.. Quasar is an end-to-end rail logistics software platform providing a real-time data universe to freight rail shippers and operators. The acquisition enhances Trinity’s digital product portfolio, including Trinsight™, by adding additional capabilities like yard management, activity-based costing, and new data visualization tools. Trinity’s Executive Vice President and Chief Commercial Officer, Gregg Mitchell, explained, “Shippers are looking for solutions that increase efficiency and visibility of their supply chain, and the Quasar team puts tremendous value on solving customer challenges and being responsive to rail shippers’ needs. This acquisition is an important enhancement to the Trinsight platform, as Trinity is committed to growing its services offering with new innovations to create deeper relationships with, and a better experience for, rail shippers.” The acquisition closed on May 26 and is not expected to be material to Trinity’s results. Trinity will retain all of the employees of Quasar as part of the transaction. PricewaterhouseCoopers Corporate Finance Inc. was the exclusive financial advisor to Quasar.
Lifeist Wellness Inc Sells Findify AB to Maropost AB for $4.07 Million
Toronto – 26th May 22 - Lifeist Wellness Inc, a health-tech company that leverages advancements in science and technology to build breakthrough companies that transform human wellness, has announced the sale of Findify AB, the Company’s Swedish subsidiary that operates an AI-powered product search and discovery platform. Findify was acquired by Lifeist four years ago and successfully integrated technology to increase monetization of its online platforms. Meni Morim, CEO of Lifeist, commented: “The sale of Findify is a natural part of Lifeist’s evolution from inhalation products e-tailer to a wellness portfolio company, where we leverage science and technology to deliver innovative consumer packaged goods, rather than to deliver increased web sales. After a robust auction process, we were able to secure a deal that gave Lifeist 100% cash upfront to solidify our balance sheet. We are well-capitalized to fund our growth initiatives in our core areas of focus, B2B recreational cannabis and nutraceuticals, where we see significant value creation for our stakeholders.”
Taboola Acquires AI Personalised Recommendations SaaS Specialist, Gravity R&D
New York, NY – 26th May 2022 - Taboola, a company specialising in powering recommendations for the open web, helping people discover things they may like, has announced it has entered into a definitive agreement to acquire Gravity R&D, a leading personalization technology company founded in data science. Gravity R&D’s core offering, Yusp, is used by leaders in retail, e-commerce, and digital media to provide personalized offers to customers to drive sales, increase average order sizes, build customer loyalty and create more positive user experiences. Yusp’s technology is built on proprietary algorithms that focus on deep learning for personalization. As part of the pending acquisition, Taboola will create and invest in a new research and development hub in Gravity R&D’s headquarters in Hungary. The acquisition is part of Taboola’s stated goal of investing $100 million annually into R&D. Terms of the transaction have not been disclosed.
Covetrus to Be Acquired by CD&R and TPG for $4 Billion
Dublin, Ohio - 25th May 2022 - Covetrus®, a global animal-health technology and services company, has announced that it has entered into a definitive agreement pursuant to which funds affiliated with Clayton, Dubilier & Rice, a global private investment firm, and TPG Capital, the private equity platform of global alternative asset management firm TPG, will acquire all outstanding shares of Covetrus common stock not already owned by affiliates of CD&R for $21.00 per share in cash, representing an enterprise value of approximately $4 billion. “Covetrus offers a dynamic portfolio of leading distribution and technology solutions to veterinarians across the globe,” said Jeff Rhodes, Co-Managing Partner at TPG Capital. “The company is at an important stage in its ongoing evolution, and we look forward to partnering with management and CD&R to further its leadership in the growing animal health space,” continued Kendall Garrison, Partner at TPG Capital. The transaction is expected to close in the second half of 2022.
Greenlight Guru Acquires AI/ML Consultancy Vertex Intelligence
Indianapolis - 24th May 2022 - Greenlight Guru, pioneer of the only dedicated Medical Device Success Platform (MDSP), has announced its acquisition of Vertex Intelligence, a data science company that partners with organizations to develop custom artificial intelligence and machine learning solutions. As a part of Greenlight Guru, they’ll look to leverage machine learning to improve the medical device industry’s approach to all aspects of quality management. The acquisition is a culmination of the two companies’ 3-year working relationship, with Vertex playing a significant role in Greenlight Guru’s vision of making smart quality real. For decades, the medical device industry has been held back by treating quality management as a costly yet unavoidable business expense. A compliance mindset leaves companies in a reactive position, with Quality departments’ primary functions being to meet minimum regulatory requirements and reduce costs of noncompliance. The result is a reactive industry that’s unable to embrace the proactive quality offered by modern technological solutions. Greenlight Guru CMO, Nick Tippman, commented: “The acquisition of Vertex Intelligence enables us to help medical device companies achieve True Quality through proactive decision support across the entire medical device product life-cycle.”
Arcadia Acquires Urjanet to Accelerate the Transition to a Zero-Carbon Economy
Washington & Atlanta - 24th May 2022 - Arcadia, the technology company empowering energy innovators to fight the climate crisis, has announced the acquisition of Urjanet, the largest utility data provider in the world. Urjanet’s global data access will integrate with Arcadia’s industry-leading data and API platform, Arc, enabling Arc to become the universal software layer for the zero-carbon economy. Urjanet significantly expands Arc’s data coverage to more than 95% of residential and commercial accounts in the US and globally across more than 9,500 utilities, including electric, gas, water, and waste, in 52 countries. This access to global, high-fidelity energy data will allow businesses around the world to leverage its network effects and enable a wide range of use cases, including energy optimization, renewable energy, payments, and carbon accounting.
Matchmove Acquires Shopmatic in $200 Million Deal to Create Embedded Finance and e-Commerce Powerhouse
Singapore/London/New York – 23rd May 2022 – MatchMove, the global embedded finance firm, has acquired e-commerce specialist Shopmatic in a US $200 million deal, creating an end-to-end embedded finance and ecommerce powerhouse. The combined company will enable MatchMove to provide its Banking-as-a-Service capabilities to Shopmatic’s ecosystem of over a million e-commerce SME customers. This deal is the first in a series of planned acquisitions for MatchMove to create an end-to-end service for companies in Southeast Asia aiming to digitalise their offerings. MatchMove has grown its presence rapidly across Southeast Asia in recent times and has customers across Singapore, India, Indonesia, Hong Kong, Malaysia, Philippines and Vietnam.
PreIPO Signs Agreement to Acquire TABS "Diligence-as-a-Service" Suite for $20.8 Million
New York - 19th May 2022 – Wyoming-based PreIPO Corporation has executed an agreement to acquire the assets and intellectual property of TABS Suite Pte. Ltd, a Singaporean company founded by the Kabra family office, to integrate the proprietary "Diligence-as-a-Service™" technology as a vital element of the PreIPO™ Operating Platform. With a total acquisition value of $20.8M, the transaction involves a combination of cash and stock. The founding team of TABS Suite will join PreIPO's management team and board of directors in the interim period between the execution of this agreement and the final closing agreements. Known to many by their AI-rubric style metric the "TABS Score," TABS Suite's systems will enable the PreIPO™ Platform to transform into a more robust digital ecosystem that hosts deals of all sizes by cutting down the time-to-decision during the evaluation and diligence process and providing actionable insights amongst tailored recommendations. TABS will also empower PreIPO to enhance the way investors review and share deals by integrating the dynamic investment memo reporting into the 'plug and play' platform branded PreIPO-as-a-Service, a derivative of the familiar Software-as-a-Service ("SaaS") term.
Joby Acquires Avionyx, Established Aerospace Software Engineering Firm, to Support FAA Certification Testing
Santa Cruz, California - 18th May 2022 - Joby Aviation, Inc, a California-based company developing all-electric aircraft for commercial passenger service, has announced its acquisition of Avionyx, an established aerospace software engineering firm, to support its aircraft type certification program with the Federal Aviation Administration (FAA). San Jose, Costa Rica-based Avionyx has been a respected provider of software development and verification solutions to the aerospace community for more than 30 years. The acquisition allows Joby to scale resources rapidly to support the Company’s certification activities through the integration of an experienced team with a proven track record. The terms of the deal were not disclosed. “For more than 30 years, Avionyx has been privileged to work closely with a number of aerospace companies to bring innovative aircraft to market with increasingly vital software systems,” said Larry Allgood, CEO of Avionyx. “Joby’s aircraft is one of the most transformative projects that I have seen during my career, and our team is excited to play a part in making it a reality.”
Metanomic Acquires Intoolab, Developers of the First Bayesian Network Artificial Intelligence Engine
Edinburgh, Scotland - 18th May 2022 - Metanomic has announced it has acquired Intoolab AI, a Bayesian Network Artificial Intelligence company, to expand and to improve data analysis and AI across video games and Web3. This acquisition augments Metanomic’s current game economy infrastructure that allows developers to build, simulate and run balanced game economies and core gameplay loops in a live, real-time environment. The addition of artificial intelligence helps developers create better experiences through intelligent insight from player behaviour in run-time. As a part of the acquisition, the existing solution will be rebranded to Thunderstruck and extend the capabilities of the Metanomic Engine.