Hyland enters definitive agreement to acquire Alfresco
Boston - 9th September 2020 - Content services provider, Hyland, has signed a definitive agreement to acquire Alfresco, a content services platform and solutions provider. The transaction, expected to close in the fourth quarter of 2020, is subject to usual and customary closing conditions and regulatory approvals. Headquartered in Boston, Alfresco develops a modern, cloud-native Digital Business Platform that delivers content services solutions to connect, manage and protect organizations’ most critical information. Upon transaction close, the entire Alfresco business is expected to be managed under Hyland Software, Inc. Commenting, President and CEO of Hyland, said: “We continue to grow our business and advance our platform organically and via acquisitions. This acquisition will expand our global reach, enabling us to help more organizations achieve their digital transformation goals and become more informed, empowered and connected.”
Omnitracs Expands its Platform Offering With Acquisition of SmartDrive
Dallas & San Diego - Pioneer in transportation technology, Omnitracs, LLC, a SaaS-based fleet management and data analytics solutions company, and SmartDrive, a company offering video-based safety and transportation intelligence, have announced that they have entered into a definitive agreement for Omnitracs to acquire SmartDrive. Explaining the deal, Ray Greer, Chief Executive Officer, Omnitracs, said: “By integrating SmartDrive’s unparalleled transportation intelligence platform, video safety hardware and risk analysis service offering with the Omnitracs One platform, we can deliver a converged solution built on AI and ML that redefines the future of commercial transportation today. Real-time risk mitigation, streamlined data flows from the cab and vehicle sensors to dispatch and the back office, and a superior driver experience will be brought together to improve safety, efficiency and operational excellence.”
VERB Acquires Healthcare Sales Enablement Platform, SoloFire
Newport Brach, Calif. and Salt Lake City – 10th September 2020 - VERB Technology Company, Inc. a company which specialises in interactive video-based sales enablement applications, including interactive livestream eCommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, has announced that it has completed the acquisition of SoloFire, provider of a powerful sales enablement platform for the healthcare industry. VERB CEO, Rory J. Cutaia, said: “SoloFire’s natural, strategic fit with VERB’s portfolio of sales enablement solutions has made this a compelling acquisition for us. SoloFire has a proven product that increases sales productivity and marketing effectiveness in the healthcare and life sciences space, punctuated by strong relationships with leading medical device and diagnostics companies. We believe that the medical sales segment is one of the largest and fastest growing markets for the sales enablement software industry. Combining VERB’s innovative interactive video technology with SoloFire’s existing platform provides an exceptional opportunity to make an immediate dent in this attractive vertical.”
Ligand Expands Omniab® Antibody Discovery Platform Through the Acquisitions of Xcella Biosciences and Taurus Biosciences
San Diego – 10th September 2020 - Ligand Pharmaceuticals Incorporated announces the acquisition of two privately held companies that strengthen and complement its OmniAb® technology platform. Ligand acquired xCella Biosciences, Inc. for $7 million in cash plus potential earnouts, and acquired Taurus Biosciences LLC for $5 million in cash plus non-transferable contingent value rights (CVRs). In addition, Ligand will invest $2.5 million in a new company, Minotaur Therapeutics, which will be led by Taurus Biosciences’ founder, in exchange for royalties on products from future programs.
With the addition of these two companies, Ligand has secured a technology to further enhance its single B cell screening platform as well as technologies to discover and humanize antibodies from immunized cows or cow-derived libraries. Chief Executive Officer of Ligand, John Higgins, said: “Bringing the capabilities and intellectual property of these two companies into Ligand will strengthen our antibody discovery capabilities, in particular our OmniChicken® platform. We are committed to keeping OmniAb at the cutting edge of antibody discovery and development, as exemplified by these deals and our acquisition of Ab Initio Biotherapeutics last year. During 2020 we have seen a number of major advancements by partners with OmniAb-discovered programs. We believe the next few years will further highlight the significance of the OmniAb platform to major drug programs and contribute substantially to our financial growth and performance.”
NexTech AR Acquires Fast-Growing Profitable Amazon eCommerce Launch Platform
Vancouver BC – 9th September 2020 – NexTech AR Solutions, an emerging leader in augmented reality for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events, has announced that it has acquired fast-growing eCommerce software platform Next Level Ninjas. Next Level Ninjas matches brands and product testers on its VIP Product Testers site, helping brands gain business momentum. The platform services nine Amazon marketplaces and works across multiple eCommerce platforms including Amazon, eBay, Shopify, Walmart, Jet and Etsy. By acquiring this Amazon eCommerce launch platform NexTech is now able to combine its augmented reality (AR) offerings for eCommerce into one offering, creating a complete AR eCommerce ecosystem. The company plans on integrating into the platform both its WebAR and its 3D/AR ad network, creating an AR technology-driven one-stop-shop. This acquisition represents the company's sixth acquisition since 2019 and the company’s second in 2020.
Secureworks Acquires Vulnerability Management Platform Delve Laboratories Inc
Atlanta – 9th September 2020 - Secureworks®, a software-driven security solutions company, has announced it has signed a definitive agreement to acquire Delve. Delve intelligently prioritizes vulnerabilities at scale and in context as part of its automated vulnerability management platform. The company’s SaaS solution is powered by artificial intelligence (AI) and machine learning to provide customers with more accurate and actionable data about the highest risk vulnerabilities across their network, endpoints and cloud. The acquisition demonstrates Secureworks’ commitment to evolving its cloud-native Red Cloak™ Platform, and extending Threat Detection and Response (TDR) application with new integrations, analytics and user experience improvements. Commenting on the deal, Chief Executive Officer of Secureworks, Michael R. Cote, said: “Against the backdrop of today’s digital landscape, our customers demand sophisticated, scalable solutions that respond to threats putting their business and workforce at risk. The acquisition of Delve will enrich Secureworks’ intelligence, further differentiate our end-to-end capabilities, and accelerate our transformation to deliver software with security at its core.”
Sunstone Partners Announces Investment in RSource Healthcare
San Mateo, California – 9th September 2020 - Sunstone Partners, a growth-oriented investment firm focused on tech-enabled services and software companies, has invested in RSource Healthcare, a provider of revenue cycle management (RCM) services to hospitals and health systems. Sunstone Partners’ strategic investment will help drive RSource’s rapid growth and provide new capital to invest in the expansion of the Company’s service offerings while further enhancing the customer experience. “As hospitals continue to come under margin pressure, we believe driving appropriate reimbursement from the most complicated claims in the revenue cycle will be a top priority. RSource brings significant and lasting improvements in revenue recoveries to its hospital customers through a combination of deep clinical expertise, proprietary workflow and technology,” said Arneek Multani, Managing Director of Sunstone Partners. “We are excited to work with Larry and Robert to further bolster and expand RSource’s platform through continued investment in organic growth and strategic acquisitions.”
Progressive Care Enters into Letter of Intent to Acquire Telehealth Service Provider MyApps Corp.
Miami, FL – 8th September 2020 – Progressive Care Inc, a personalized healthcare services and technology company, has announced that the Company has entered into a Letter of Intent to acquire one hundred percent (100%) of MyApps Corporation, a developer of healthcare software, which includes the emerging telehealth service app, CallingDr™, a complete virtual platform providing multiple levels of service with a suite of products, including the capability to allow patients to take ownership of their own health records and provide access to health information through the related app and patient portal. In addition, Progressive Care will be immediately engaging MyApps to accelerate development of software platforms for ClearMetRX, Progressive Care’s wholly owned data management subsidiary, and its divisions. MyApps is a commercial-stage software developer on pace to record over $1 million in revenues in 2020.
Progress Announces Acquisition of Chef for $220 Million
Bedford, Massachusetts – 8th September 2020 – Progress, a provider of application development and digital experience technologies, has announced that it has entered into a definitive agreement to acquire Chef, a global DevOps and DevSecOps company, providing complete infrastructure automation to build, deploy, manage and secure applications in modern multi-cloud and hybrid environments, as well as on-premises. Discussing the deal, Yogesh Gupta, CEO, Progress, said: “Chef is a market leader with best-in-class products, a vibrant developer community, an impressive blue-chip customer base and highly skilled and engaged employees. Chef has built a successful business, product portfolio and go-to-market strategy and we will expand and accelerate that by bringing our resources to bear, building on the momentum Chef has established to date.” Founded in 2008, and with over $70 million in annual recurring revenue, Chef is a leader in continuous automation, an innovator in application automation and a pioneer of the DevSecOps movement. Its mission is to help the most enduring and transformative companies use technology to become fast, efficient and innovative software-driven organizations. Chef products include: Chef Enterprise Automation Stack, Chef Infra, Chef InSpec, Chef Habitat, Chef Compliance and Chef Desktop.
Ricoh Enhances IT Services Capabilities with SimplicITy Acquisition
London - 2nd September, 2020 - Ricoh has announced the acquisition of SimplicITy, Poland, meaning customers in Poland will benefit from an even greater range of IT services and digital transformation capabilities, including Ricoh’s global footprint, continuous support and extensive IT infrastructure. They can also access a wide range of Ricoh products and services, including Document Management Systems, Business Process Services, Production Printing Solutions and Workplace Management Services. Founded in 2013 and headquartered in Warsaw, SimplicITy is one of the fastest growing information and communications technology companies in Poland. Its main areas of focus include data centre transformation solutions, hybrid cloud, networking and cyber security. SimplicITy has been expanding its business at pace – doubling its year-on-year growth. Alberto Mariani, Senior Vice President, Office Services, Ricoh Europe, says: “This is an exciting and significant addition to our IT Services business in a key market. The acquisition fits perfectly with our strategy to expand coverage in Poland and to acquire further competences around hybrid cloud and high end IT services. We are looking forward to supporting the growth of SimplicITy customers and aiding the progress made on their respective digital journeys.”
Ricoh Acquires DataVision – Becomes one of the Largest AV & Workplace Integrators in Europe1st London, UK - 1st September 2020 - Ricoh has announced it has acquired DataVision. The acquisition will enable Ricoh clients across Europe to gain access to DataVision’s experience and expertise in UC, AV and Workplace Management Solutions. They can also access a broad portfolio of products, software and service offerings, as well as harnessing continuous innovation through strategic partners such as Microsoft. Ricoh strengthens its conference room, workspace and digital collaboration technology offering with the acquisition of DataVision. Commenting on the acquisition, Jochen Roggenkämper, Managing Director of DataVision, said: “We are excited and very much looking forward to the future. Ricoh's global reach and infrastructure as well as the vast experience in the end-to-end implementation of managed services, combined with our experience and expertise in the areas of AV, UCC and workplace management, will ensure that we are our customers in Germany and be able to support Europe even better and more comprehensively when it comes to the integration of solutions for modern and collaborative work environments.” https://www.datavision.net/pressemitteilung-ricoh-wird-zu-einem-der-groessten-av-und-workplace-integratoren-in-europa-durch-die-uebernahme-von-datavision/
Canadian Firm Lightspeed Announces Pricing of Initial Public Offering in The United States
Montreal – 10th September 2020 - Lightspeed POS Inc. has announced the pricing of its previously-announced marketed public offering of subordinate voting shares in the United States and Canada. The underwriters have agreed to purchase, at a price of US$30.50 per share, an aggregate of 10,000,000 subordinate voting shares from the Company and 1,650,000 subordinate voting shares from Caisse de dépôt et placement du Québec ("Caisse"), for aggregate gross proceeds to the Company of US$305,000,000 and to Caisse of US$50,325,000. The offering is being conducted through a syndicate of underwriters led by Morgan Stanley, Barclays and BMO Capital Markets, as joint lead book-running managers, with BofA Securities and RBC Capital Markets as joint-bookrunners, and CIBC Capital Markets, KeyBanc Capital Markets, Raymond James, Scotiabank, TD Securities, and Truist Securities as co-managers. The Company currently expects that the net proceeds of the offering will be used primarily to strengthen the Company's financial position and allow it to pursue its growth strategies.
Wipro to Set up Digital Innovation Hub in Düsseldorf, Germany
Düsseldorf, Germany and Bangalore, India – 8th September 2020 - Global information technology, consulting and business process services company, Wipro Limited, hasannounced plans to set up a Digital Innovation Hub in Düsseldorf, Germany. The proposed Digital Innovation Hub will serve as Wipro’s flagship centre in Europe and will offer digital transformation expertise to companies in Germany, enable organisations to cross skill and upskill besides supporting talent development in local communities. Wipro will also collaborate with institutions and universities in the North Rhine-Westphalia state to develop tailored programs and career opportunities for young graduates in advanced digital skills and technologies. Prof. Andreas Pinkwart, State Minister of Economic Affairs, Innovation, Digitalization und Energy of the State of North Rhine-Westphalia, said, “Our state is already a leading region in areas such as telecommunications, cybersecurity and smart manufacturing. With the establishment of the Digital Innovation Hub in Düsseldorf, Wipro is now expanding its successful business here. I am convinced the company as well as the North Rhine-Westphalian economy will strongly benefit from this decision.”
SugarCRM Delivers Business Predictability and Performance with Acquisition of Node Inc.
Cupertino, California – 24th August 2020 – SugarCRM Inc., the innovator of time-aware customer experience (CX), has announced the acquisition of Node Inc., an artificial intelligence (AI) platform that leverages CRM data and vast external sources to deliver an unparalleled level of predictability across a whole array of different business use cases. The acquisition fuels Sugar’s time-aware CX platform by automatically forecasting expected outcomes and highlighting previously unforeseen challenges and opportunities. Making sense of data is a perennial issue for companies. Deep learning models are limited by the quality and quantity of input data, which historically has been inaccurate or incomplete in real-life CRM implementations. Paul Greenberg, President of the 56 Group and author of CRM at the Speed of Light, commented: “Sugar has been a fantastic platform at its heart. Adding Node has the potential to bring impressive predictive accuracy to Sugar’s platform and products. And now more than ever it is critical to leverage all available data and signals to work towards better outcomes for both customers and the business alike.”