Kroll Expands Cyber Risk Practice in APAC with Acquisition of RP Digital Security
Singapore – 10th January 2020 - Kroll, a division of Duff & Phelps, a risk mitigation company, investigations, compliance, cyber resilience, security and incident response solutions, has announced that it has expanded its cyber security offerings with the acquisition of RP Digital Security, a Singapore-headquartered leader in computer forensic investigations, digital security and eDiscovery services. RP Digital Security serves some of the largest law firms, financial institutions and insurance providers in the region. The company has deep cyber investigation experience, including data breach, ransomware, business email compromise and internal employee investigations, and provides remediation and recovery guidance. The RP Digital Security team will join Kroll’s Asia Pacific Cyber Risk practice, led by Managing Director and Asia Pacific leader Paul Jackson.
Synopsys Acquires Tinfoil Security to Expand DAST and Add API Security Testing
Mountain View, California – 9th January 2020 - Synopsys, Inc. has announced it has completed the acquisition of Tinfoil Security, an innovative provider of dynamic application security testing (DAST) and Application Program Interface (API) security testing solutions, headquartered in Mountain View, California. Commenting, Andreas Kuehlmann, co-General Manager of the Synopsys Software Integrity Group, said: "Through the acquisition of Tinfoil Security, Synopsys is expanding its DAST capabilities and adding API security testing capabilities, extending the most comprehensive portfolio of application security and quality testing solutions and further strengthening our technology leadership. Tinfoil Security provides Synopsys with proven DAST technology that can be seamlessly integrated into development and DevOps workflows. Furthermore, Tinfoil Security's innovative API scanning technology addresses an emerging demand in the market and will further differentiate the Synopsys portfolio."
Insight Partners to Acquire Veeam for $5 Million
9th January 2020 - Software investor, Insight Partners, has announced that it has entered into a definitive agreement to acquire Veeam Software, a company that offers Backup solutions that deliver Cloud Data Management™. Under the ownership of Insight Partners, Veeam will become a U.S. company, with a U.S.-based leadership team, while continuing its global expansion from offices in 30 countries and with customers in over 160 countries. Mike Triplett, Insight Partners Managing Director and Veeam Board Member, commented: “Veeam’s strong growth, coupled with high customer retention, unparalleled data management solutions, and the opportunities to expand services into new markets, make Veeam one of the most exciting software companies in the world today.” The acquisition is expected to be closed in Q1 2020 and will enable Veeam to accelerate its Act II (Veeam’s evolution into Hybrid Cloud), help the company expand into new markets and continue its growth trajectory.
Ness Digital Engineering Acquires CassaCloud
Teaneck, NJ – 8th January 2020 – Ness Digital Engineering, a provider of digital transformation and custom software engineering services, has announced its acquisition of CassaCloud, a Kosice, Slovakia-based consultancy with expertise in Salesforce implementation, customization and integration services for multiple Salesforce modules. CassaCloud will join Sovereign CRM, acquired by Ness in 2019, as part of the Ness Salesforce-focused Center of Excellence. Paul Lombardo, CEO of Ness Digital Engineering, commented: “Companies across industries are using Salesforce as a platform for mission critical, cloud-based, customer-facing and revenue-generating solutions.We are eager to bring our rapidly expanding Salesforce capability, further strengthened by the excellent team at CassaCloud, alongside our proven digital capabilities to deliver business solutions that help our clients compete more effectively.”
Rockwell Automation to Acquire Avnet to Expand Cybersecurity Expertise
Milwaukee - 8th January 2020 - Rockwell Automation, Inc. has announced that it has signed an agreement to acquire privately held Avnet Data Security, Ltd, an Israeli-based cybersecurity provider with over 20 years of experience providing cybersecurity services. Avnet offers a full set of IT/OT cyber services and solutions ranging from assessments, penetration testing, network & security solutions, and training to converged IT/OT managed services. Frank Kulaszewicz, Senior Vice President, Control Products & Solutions at Rockwell Automation, said: “Avnet’s combination of service delivery, training, research, and managed services will enable us to service a much larger set of customers globally while also continuing to accelerate our portfolio development in this rapidly developing market.”
MRI Software Acquires Lindsey Software, Bolsters Public its Housing Property Management and Compliance Solutions
Solon, Ohio – January 8, 2020 – MRI Software, an organisation offering global real estate software solutions, has announced the acquisition of Lindsey Software, a provider of property management software and services for public and affordable housing organizations in the United States. Lindsey’s comprehensive suite of software and services, designed to help housing agencies optimize operational and administrative processes and fulfil government compliance requirements, will further extend MRI’s existing public housing capabilities to better serve the industry. Commenting, David Carner, Senior Vice President of Residential Solutions at MRI Software, said: “Acquiring Lindsey enhances our already extensive public housing offering and represents another important milestone in our goal of providing world-class technology and services that cover the full range of needs for organizations operating in the sector,” says https://www.mrisoftware.com/news/mri-software-acquires-lindsey-software-public-housing-solutions/
MTBC Announces Acquisition Of CareCloud, Its Largest Transaction To Date
Somerset, NJ – 8th January 2020 - MTBC, Inc., a provider of cloud-based healthcare IT and revenue cycle management solutions, has announced the closing of its acquisition of CareCloud Corporation, which provides its proprietary, award-winning, enterprise cloud platform and business solutions to more than 7,000 healthcare providers nationwide. Stephen Snyder, CEO, MTBC, said: “CareCloud has built a strong brand with its advanced technology, award-winning design, and innovative team. CareCloud and MTBC are highly synergistic and we believe that our combined businesses will accelerate growth, yield greater operating efficiencies and provide more flexibility for future expansion through our combined offering.” A. Hadi Chaudhry, President, MTBC, said: “This is a transformative opportunity to accelerate the build-out of our strategic roadmap to provide world-class technology and services to more providers. CareCloud’s cutting-edge cloud-based software, which, through its existing partnerships, leverages Amazon and Google cloud platforms, brings to MTBC exciting new technology integrations.”
Perficient Announces Acquisition of MedTouch
Saint Louis, MO – 6th January 2020 - Perficient, Inc, a digital transformation consulting firm, which serves Global 2000 and other large enterprise customers throughout North America, has announced the acquisition of MedTouch LLC, an award-winning, $13 million annual revenue digital healthcare marketing and technology consultancy. The acquisition is expected to be accretive to adjusted earnings per share immediately. “We are excited to strengthen our healthcare industry expertise and digital marketing capabilities with the strategic acquisition of MedTouch,” said Jeffrey Davis, Perficient’s Chairman and CEO. “Perficient has more than 20 years of experience in delivering digital technology consulting solutions to leading payer, provider and pharmaceutical organizations. MedTouch further enhances our ability to help healthcare organizations provide their patients and customers with the right information and care where and when they need it most, improving quality of care and patients’ lives.”
Insight Partners Acquires Armis at a $1.1 Billion Valuation
Palo Alto – 6th January 2020 — Armis, an enterprise IoT security, has announced that it has agreed to be acquired by Insight Partners, a global software investor, respected for its track record of scaling up industry disruptors, to further strengthen its market dominance in unmanaged device security. Under the terms of the agreement, Insight will acquire the company for cash at a valuation of $1.1 billion, with participation from CapitalG for $100 million and rollover from certain existing stockholders. Armis will continue to operate independently and will be fully managed by its two co-founders, Yevgeny Dibrov, CEO, and Nadir Izrael, CTO, and executive team, while leveraging the support of Insight’s industry leading business strategy and ScaleUp division. Yevgeny Dibrov, co-founder and CEO at Armis, said: “Insight is one of the most sophisticated software investors in the sector, and it is due to the depth of their domain expertise that they really understand the enterprise IoT device challenge we are looking to solve, and the size of the market opportunity. We considered growth rounds and strategic offers, but by partnering with Insight we have the best of both worlds - operational support and independence, both of which were important in our decision to take on a scaleup partner this early in our company journey.”
Sapiens Acquires German-Based Insurtech Sum.Cumo, Expands DACH Footprint
Hamburg, Germany and Holon, Israel – 7th January 7, 2019 – Sapiens International Corporation, a global provider of software solutions for the insurance industry, has announced that it has acquired sum.cumo, the German-based technology provider that offers disruptive, digital, innovative and consumer-centric solutions mainly to the insurance sector, for up to €28.4 million. Sum.cumo services insurers in the DACH region (Germany, Switzerland and Austria), helping them to set up their business model and obtain a marketing edge. The company’s experts in consulting, user experience, marketing and technology enable the region’s insurers to launch successful e-commerce environments. Roni Al-Dor, Sapiens President and CEO, said: “Sapiens has implemented a growth strategy that incorporates acquisitions to accelerate our business. We are a strategic buyer that acquires companies that fit our mission, vision and culture. sum.cumo met our parameters as one of the most innovative insurtech companies in the region. Penetration into the DACH region has been part of Sapiens’ long-term growth strategy and we have started to gain traction in this region with Sapiens products. With sum.cumo’s local and talented team and customers, we should significantly enhance our presence there.”
Govtech Company Accela Announces Sale of Springbrook Software as High-Demand Core Business Continues to Grow
San Ramon, California - 8th January 2020 - Provider of cloud-based solutions for government, Accela, has announced it has sold off its government-focused company, Springbrook Software, to private equity firm, Accel-KKR, a Silicon Valley technology-focused investment firm. Springbrook offers technology for local government functions, including budgeting, payroll and utility payments. Commenting, Gary Kovacs, CEO at Accela, said: "Accel-KKR's acquisition of Springbrook provides both Accela and Springbrook the opportunity to optimize our respective investments in our customers, and will enable Accela specifically to continue to build on our incredible momentum. We have a broad customer base, representing the most progressive cities, counties and states around the world. More than 80% of our new customers purchased solutions in the cloud, an indication of Accela's authority in helping governments create the thriving digital communities of the future."
Coupa Software Acquires Travel Price Optimization Leader Yapta
San Mateo, California – 7th January 2020 – Coupa Software, a Business Spend Management (BSM) platform, has announced that it has acquired travel price optimization leader Yapta. The acquisition enables Coupa to deliver more value across BSM by empowering companies to achieve greater savings in a significant spend category, Travel & Expense (T&E). Based in Seattle and led by travel industry veterans, Yapta monitors airfare and hotel prices in real time and sends instant savings alerts when prices drop. Working with thousands of customers, including more than 100 of the Fortune 500, Yapta has helped companies save an average of 2-4% of their corporate travel budgets, resulting in more than $350 million of savings to date. “Business travel, which accounts for more than $1 trillion of spend per year1, is often one of the spend areas within a business with the least visibility and control,” said Rob Bernshteyn, chairman and CEO of Coupa. “Yapta offers greater transparency into travel spend, helping businesses get the most value from their travel planning. I am excited to welcome the Yapta team to Coupa and look forward to furthering our joint mission of empowering businesses with the visibility and control they need to spend smarter.”
Quisitive Announces Completion of Acquisition of Menlo Technologies
Toronto, Ontario – 2nd January 2020 - Quisitive Technology Solutions, Inc, a premier Microsoft solutions provider and Microsoft 2019 US Partner of the Year, is pleased to announce the closing of the previously announced acquisition of Menlo Technologies, Inc., a provider of Microsoft technology, corporate consulting and business software and systems based in Los Altos, California. The Transaction was previously announced on December 9, 2019. "The completion of the Menlo transaction fuels our strategic vision by providing enterprise customers with North American scale and global reach, focused depth across Microsoft's entire cloud platform; Microsoft Azure, Microsoft Office 365 and Microsoft Dynamics, and offshore capability," said Quisitive CEO, Mike Reinhart. "The addition of the Menlo leadership team amplifies the accomplished Quisitive organization to provide the momentum needed to facilitate accelerated organic growth."
AHEAD Acquires Platform Consulting Group, Bolsters Cloud Native Application Delivery
Chicago – 7th January 2020 – AHEAD, a provider of enterprise cloud solutions, has announced that it has acquired Platform Consulting Group. The acquisition brings cloud native application development expertise to AHEAD’s professional services organization. Commenting, Eric Kaplan, CTO, AHEAD, said: “Platform’s expertise in software development will accelerate our ability to deliver transformational outcomes through application modernization and migration. Were excited to welcome Platform to the AHEAD family.”
AHEAD excels at engineering enterprise cloud infrastructure, using automation and analytics to streamline operations, and now with the acquisition of Platform, modernizing and migrating applications at scale. This is the fourth M&A transaction for AHEAD in the last six months, including acquisitions of Link Solutions Group and Sovereign Systems, and the November 2019 merger with Data Blue.
Pieces Technologies raises $25.7 Million Series B led by Concord Health Partners
Dallas - 7th January 2020 - Pieces Technologies, a healthcare artificial intelligence and technology company that connects health systems and the community to address clinical and social determinants of health, announced today that it has closed a $25.7 million Series B funding round led by healthcare investment firm Concord Health Partners. Existing investors Children's Health of Dallas and OSF Healthcare System, based in Illinois, also participated in the round. Founder and Managing Partner of Concord, James Olsen, said: "Concord is focused on identifying the most promising healthcare companies that address affordability while improving quality and access to care. With its novel platform aligning interests and delivering strategic value to both health systems and communities, Pieces fits that profile seamlessly and is an ideal target for the American Hospital Association Innovation Development Fund. We are thrilled to support this exciting cross-sector technology company, and we look forward to helping drive its innovative technology to new communities for the benefit of patients across the country."
Trinity Hunt Partners Announces Acquisition of Dataprise
Washington DC - 6th January 2020 - Trinity Hunt Partners, a growth-oriented middle market private equity firm, has announced the acquisition of a majority stake in Dataprise, a provider of IT managed services. Dataprise was founded in 1995 by David Eisner, CEO, and serves clients across a wide variety of end markets, primarily focused on small- and medium-sized and mid-market clients. Trinity Hunt is partnering with Eisner and the company’s management team, who will remain significant shareholders of Dataprise, to accelerate Dataprise’s growth trajectory through both organic initiatives and strategic acquisitions. Blake Apel, Partner at Trinity Hunt, said: “Dataprise’s commitment to service quality and technology thought leadership are true differentiators. We have spent more than three years on a thematic deep dive in IT managed services, meeting with more than 50 companies in the space. We believe Dataprise is best-in-class in the industry, and we plan to support the company as it grows through acquisitions to become a market leading national managed services player.”
Mimecast Acquires Segasec
Lexington, MA – January 6, 2020 – Mimecast Limited, an email and data security company, has announced the acquisition of Segasec, a provider of digital threat protection. With this innovative technology, Mimecast customers can better defend against attacks that leverage fake websites and domains for credential harvesting of their customers, employees, partners, and 3rd party vendors within their supply chains. Hackers are using sophisticated techniques to target organizations of all sizes and in all industries by using their brands as bait to launch attacks. With the acquisition of Segasec, Mimecast can provide brand exploit protection using machine learning to identify potential hackers at the earliest stages of an attack. The solution also is engineered to provide a way to actively monitor, manage, block and take down phishing scams or impersonation attempts on the web. Integration of Segasec with Mimecast’s email and web security services is engineered to further strengthen Mimecast’s customers’ cyber resilience by enabling them to block any potentially malicious domains quickly. The integrated solution platform is built to allow organizations to implement a comprehensive cybersecurity strategy capable of dealing with modern-day threats surrounding, inside, and beyond the perimeter.
DealerSocket to Acquire Leading DMS Provider Auto/Mate
Dallas - DealerSocket, Inc., a leading of automotive software solutions, has announced that the company has signed a definitive agreement to acquire Auto/Mate, a Dealer Management System (DMS) software provider for automotive dealerships. By bringing together Auto/Mate’s comprehensive DMS technology with DealerSocket’s suite of products, including its award-winning CRM, digital retail and websites, inventory management, and independent-focused DMS software solutions, the combined company will offer dealers an all-in-one, unique platform where innovative software is combined with best-in-class service. “Bringing together DealerSocket and Auto/Mate will be a game changer for our customers, our companies, and the entire industry. For a long time, DealerSocket has believed that combining our companies could offer dealers a much-needed new choice for a full platform solution,” said Sejal Pietrzak, CEO of DealerSocket.