ASX-listed ReadyTech acquires Zambion and WageLink, expands payroll and workforce management offering
New South Wales, Australia – 10th October 2019 – ReadyTech, a provider of people management software for employment and education, has announced the expansion of its payroll and workforce management offering for employers with the addition of two businesses, Zambion and Wagelink. Already home to two major Australian payroll and HR administration providers - HR3 and Aussiepay - ReadyTech has acquired workforce management software provider, Zambion and payroll service provider, WageLink. The acquisition of Zambion’s modern and mobile cloud software, including advanced time and attendance and rostering capability and support for both Australia and New Zealand customers, as well as WageLink’s client base, largely focused in South Australia, positions ReadyTech as a leading trans-Tasman workforce management partner for employers. ReadyTech CEO Marc Washbourne said: “With the addition of Zambion and WageLink, we are welcoming payroll and workforce management technology and services that expand our capabilities and strengthen our competitive advantage.”
Infosys acquires Irish firm, Eishtec
New Delhi & Waterford, Ireland – 9th October 2019 - IT services company, Infosys has announced it has entered into a strategic partnership with Irish contact centre, Eishtec. Analysts say that the acquisition forms an integral part of Infosys' strategy to expand its BPO services in the Irish market. Mrinal Rai, Principal Analyst at technology researcher ISG, said in a statement: "Infosys has strong capabilities in back-end business process services, while contact centre services are more of a front office operations. There is a pressure to bring back-office and integrate with front-office and providers are strengthening their capabilities.."
Upland Software Acquires Altify
Austin, Texas - 7th October 2019 – Hot on the heels of last week’s acquisition of InGenius, Upland Software, Inc. a cloud-based enterprise work management software company, has acquired Altify, a customer revenue optimization (CRO) cloud solution for sales and the extended revenue teams. The acquisition adds approximately $24 million in annualized revenues and will be immediately accretive to Upland's Adjusted EBITDA per share. Jack McDonald, founder, Chairman, and CEO of Upland Software, said in a statement: “Built natively on Salesforce, Altify empowers revenue teams to build customer contacts, qualify deals, identify new and up-sell opportunities, and improve overall sales execution with guided selling. This transaction is a core strategic addition, is immediately accretive to Adjusted EBITDA per share, and takes Upland to a $259 million annualized revenue run rate and a $99 million annualized Adjusted EBITDA run rate. Our acquisition pipeline is robust, and we are actively pursuing additional opportunities to build out our solution suites.”
IDS Acquired By Software-Focused Private Equity Firm Thoma Bravo
San Francisco and Minneapolis – 8th October 2019 — Thoma Bravo, a software-focused private equity investment firm, has announced it has acquired majority ownership in IDS, a provider of asset finance software solutions, from its current owner, SV Investment Partners. “Having partnered with IDS since 2003, we are immensely proud of its achievements under our ownership and of the benefits enjoyed today by customers of the market-leading IDS solutions,” said Nicholas E. Somers, Chairman of SV Investment Partners. “We are delighted that IDS can now look forward to partnering with Thoma Bravo in the next stage of its development. With its exceptional enterprise software expertise, experience and resources, Thoma Bravo could not be better positioned to drive forward the company’s global growth initiatives, further develop and enhance the IDS product suite, and continue to strengthen IDS’ leadership in the asset and equipment finance software market.”
Honda Acquires Drivemode, Developer of Smartphone Apps for Drivers
Tokyo, Japan – 7th October 2019 – Honda R&D Co., Ltd, a research and development subsidiary of Honda, has announced that it has acquired all of the outstanding shares of the California-based Drivemode, Inc., in order to further strengthen Honda’s new value creation in the areas of digital and connected mobility products. Drivemode is a startup that develops and operates smartphone-based connected services, excelling in multiple areas such as the development of the user interface and application as well as cloud-based technologies. Honda R&D and Drivemode have been collaborating and conducting joint development activities since 2015 through the Honda Xcelerator program*, an open innovation program Honda has been pursuing on a global basis. With the acquisition, Drivemode became a wholly-owned subsidiary of Honda R&D.
Dura Software Completes Second Acquisition in a Month
San Antonio, TX – 6th October 2019 - Dura Software has announced it has completed the acquisition of California-based virtual events software company, 6Connex. 6Connex’ platform connects people across the globe for events ranging from trade shows to summits and career fairs. Enterprises including Sonicwall, Blackrock, Ericsson and Anthem use 6Connex’ cloud-based SaaS platform to deliver content rich virtual experiences. The company will maintain active operations in California but will move its headquarters to San Antonio; it expects to hire locally in San Antonio in the coming months. In a statement, Paul Salisbury, CEO of Dura Software, said: “The acquisition of 6Connex has excited everyone here at Dura. It is a great product, which customers rave about, that fulfils a need that we think will continue to grow. This niche business is a perfect fit for what we’re trying to create here at Dura and we are eager to help the company reach its full potential.”
Ciena Announces Intent to Acquire Centina
Hanover, Maryland – 3rd October 2019 - Ciena® Corporation has entered into a definitive agreement to acquire privately-held Centina, a provider of service assurance analytics and network performance management solutions. Centina’s technology and engineering expertise will be integrated into Blue Planet, a division of Ciena. The acquisition of Centina is intended to accelerate Blue Planet’s software strategy of providing closed-loop, intelligent automation solutions that help communications service providers improve operational agility while delivering a highly differentiated customer experience. Specifically, the Centina solution will expand Blue Planet’s assurance capabilities by collecting and collating fault, event, and performance data from multiple vendors and network layers, including virtual domains such as NFV as well as more traditional optical, Ethernet and IP/MPLS networks and services. Integrating Centina’s robust service assurance capabilities with Blue Planet Multi-Domain Service Orchestration (MDSO) and Blue Planet Inventory (BPI) will allow continuous optimization of service performance, quality and availability on a proactive basis by resolving problems automatically before they impact the service and user experience. https://www.ciena.com/about/newsroom/press-releases/ciena-announces-intent-to-acquire-centina.html
GLORY Announces the Acquisition of German Fintech company, Cash Payment Solutions GmbH
Himeji, Japan - 2nd October 2019 - GLORY LTD has announced that it has entered into a share purchase agreement to acquire 53% of shares in Cash Payment Solutions GmbH, which develops and provides online cash settlement platforms under the brands "Barzahlen" and "viacash". Headquartered in Himeji, Japan, GLORY is a pioneer in the development and manufacturing of cash handling machines and systems. The company provides a variety of products built on its leading-edge recognition and mechatronics technology, including cash handling machines, cash management systems, vending machines and automatic service equipment. By helping to make cash transactions more efficient and reducing the cost of cash handling for bank branches and retail stores, the acquisition of CPS will contribute to the realisation of GLORY’s vision to “establish a new management system for cash circulation”. CPS will also add value to GLORY’s traditional business by sharing their expertise in cash handling solutions.
Verity Solutions Acquired by Express Scripts / Cigna
2nd October 2019 – CEO, Verity, George Puckett has announced in a statement the acquisition of Verity Solutions by Express Scripts, a Cigna company. In explaining the rationale behind the merger, Puckett cited Express Scripts and Verity Solutions common mission to improve the health care system, while supporting health care providers through innovation, specialized expertise and strong industry partnerships. Together, Express Scripts and Verity Solutions will offer a comprehensive range of 340B services. Express Scripts will continue to move towards centralized inventory management for contract pharmacy relationships using Verity Solutions VHUBTM platform and will support Verity Solutions’ continued business growth and current strategy in 340B administration. Data will not be shared between Express Scripts and Verity Solutions. However, in limited circumstances for hospital system clients of Express Scripts that also use Verity Solutions as their 340B administrator and allow data to be exchanged, there will be an opportunity for improved and expanded reporting.
Reliaquest Acquires Threatcare
Austin, Texas - 2nd October 2019 - Security management platform vendor, ReliaQuest has announced that it has purchased Austin, Texas-based attack simulation firm Threatcare. ReliaQuest plans to add Threatcare’s technology to its GreyMatter security platform for security operation centers (SOCs) and security teams. Threatcare founder and CEO, Marcus Carey, will join the chief technology officer at ReliaQuest, and all of Threatcare’s team members will become part of Tampa, Florida-based ReliaQuest. Financial details of the deal were not disclosed. GreyMatter integrates security data from security incident and event manager (SIEM), endpoint detection and response (EDR), firewalls, threat intelligence feeds, and other security tools, and includes analysis functions and automation. Threatcare’s technology — which will become a new feature on the platform — simulates how a specific threat or attack could target an organization’s network in order to determine whether its security tools and settings are or are not actually working to thwart the threats.
Epicor Acquires Electronic Data Interchange (EDI) Solution Provider 1 EDI Source
Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, announced today that it has acquired 1 EDI Source, Inc., provider of electronic data interchange (EDI) solutions and business visibility software. The transaction closed on October 1. Financial terms of the agreement were not disclosed. Himanshu Palsule, Chief Product and Technology Officer, Epicor, said: “Bringing in 1 EDI Source to join our team will strengthen the Epicor Business Services portfolio and continue to support our mission to become the cloud vendor of choice in the markets we serve. 1 EDI Source will enable our customers to easily standardize EDI transactions and create significant opportunity to integrate new solutions into existing ERP platforms.”