Boss Insights – 12th July 2019
Orion Acquires Financial Planning and Client Experience Technology Provider, Advizr, Inc.
Omaho, Nebraska - 11th July 2019 - Orion Advisor Services, LLC, a portfolio management solution provider for registered investment advisors, has announced it has acquired Advizr, Inc., an innovative financial planning and client experience technology platform out of New York. The move, which comes on the heels of the company’s recent brand consolidation announcement, moves Orion and its parent company closer to realizing their mission to help advisors operationalize their vision for success and deliver a best-in-class client experience. “Bringing Advizr’s incredibly intuitive approach to the firms we serve will take the client experience capabilities we provide through our technology and TAMP offering to the next level,” said Eric Clarke, CEO of the recently combined organization. “Bringing together these components will help advisors fulfill their fiduciary responsibilities regardless of the current regulations and cement their value to clients in a clear and measurable way.”
Collibra Announces Acquisition of Sqldep
New York and Brussels – 10th July 2019 - Data intelligence company, Collibra, has announced the acquisition of SQLdep, a SaaS provider of automated data lineage. The acquisition of SQLdep will empower data citizens to uncover faster and deeper insights from their data. SQLdep automates the discovery and visualization of technical data lineage and enables organizations to better capture context around data, understand data quality, support compliance initiatives and increase trust. “Organizations are challenged with managing thousands of data sets scattered across the enterprise, both on-premise and in the cloud,” said Jim Cushman, Chief Product Officer for Collibra. “With this volume of data, understanding data lineage is a critical first step in the data intelligence journey, and our acquisition of SQLdep will help organizations build trust in, and unlock the value of, their data.”
Corepoint and Rhapsody Merge to Advance Interoperability in Healthcare
Boston, Massachusetts – 10th July 2019 – Rhapsody, a global healthcare data interoperability, has announced it will merge with Corepoint Health, the supplier of the Best in KLAS® healthcare integration platform. The transaction will bring together two companies at the forefront of interoperability and create a dynamic combination of technology, talent, services, and trusted customer relationships to address the most complex healthcare interoperability challenges. Ekan Akyuz, President and CEO, Rhapsody “Corepoint’s platform offers incredibly fast, turn-key operations for provider organizations, HIEs and OEM partners, all with industry-leading customer satisfaction. Complementing this with Rhapsody’s fully customizable and multi-platform capabilities creates great synergies for our current and future customers. Both entities share great technical depth and breadth and both have maintained long-standing customer relationships, which together yields a broader foundation on which to build the future of interoperability in healthcare. Together, we can better support our customers to fulfill all of their changing and future needs.”
LeaseAccelerator Acquires Real Estate Administration SaaS Provider Guardian Global Systems
Reston, Va.– 10th June 2019 – LeaseAccelerator, specialist in Enterprise Lease Accounting Software-as-a-Service (SaaS), has announced the acquisition of Guardian Global Systems, an Australian-based provider of Real Estate Administration SaaS to commercial and government organizations. Guardian Global will extend LeaseAccelerator’s portfolio of applications with an innovative solution to help real estate leaders mana “As companies move trillions of dollars of leases onto the balance sheet with IFRS 16, ASC 842 and GASB 87, organizations are realizing that further automation of the real estate lifecycle is required for scalability and success,” said Michael Keeler, CEO of LeaseAccelerator. “The combination of LeaseAccelerator and Guardian Global will enable us to offer a unique suite of applications to meet the needs of both the Controller and the Corporate Real Estate organizations. Having a shared database that can be used for both real estate lease administration and accounting will help the CFO’s team drive savings as well as improve the timeliness of the monthly close process.” noted Keeler.
Cheetah Digital Announces Acquisition of Wayin
Chicago – 10th July 2019 – Cheetah Digital, aindependent, an nterprise cross-channel marketing software company, has announced it has acquired Wayin, a zero-party data collection and activation company. The acquisition strengthens Cheetah Digital’s ability to help marketers collect zero- and first-party data and preference insights to drive hyper-personalized, real-time experiences and meaningful customer engagement across all channels and stages of the customer lifecycle. Sameer Kazi, CEO, Cheetah Digital, said: “Marketers have never faced a tougher challenge than they do today. Consumers are demanding personalized experiences, global consumer privacy regulations mount, trust in and effectiveness of third-party sources deteriorates, and CEOs demand greater efficiency of their marketing spend. Smart marketers are turning to zero- and first-party data, to not only be compliant and build customer trust, but deliver exceptional brand experiences. Wayin is the leader in helping marketers acquire opted-in data at scale, and now combined with our enterprise cross-channel marketing platform, Cheetah Marketing Suite, and our loyalty platform, Cheetah Loyalty, marketers are able to put that data to work in real-time with hyper-personalized experiences across all channels.”
IBM Completes Landmark Red Hat Acquisition for $34 Billion
Armonk, New York & Raleigh, North Carolina - 9th July 2019 – IBM and Red Hat have announced that they have closed the transaction under which IBM has acquired all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total equity value of approximately $34 billion. The acquisition redefines the cloud market for business. Together, IBM and Red Hat will accelerate innovation by offering a next-generation hybrid multi-cloud platform. Ginni Rometty, IBM Chairman, President and CEO, said: "Businesses are starting the next chapter of their digital reinventions, modernizing infrastructure and moving mission-critical workloads across private clouds and multiple clouds from multiple vendors. They need open, flexible technology to manage these hybrid multi-cloud environments. And they need partners they can trust to manage and secure these systems. IBM and Red Hat are uniquely suited to meet these needs. As the leading hybrid cloud provider, we will help clients forge the technology foundations of their business for decades to come."
Cisco to Acquire Acacia Communications for $2.6 Billion
San Jose, California & Maynard, Massachusetts – 9th July 2019: Cisco and Acacia Communications have announced they have entered into a definitive agreement under which Cisco has agreed to acquire Acacia. An existing Cisco supplier, Acacia designs and manufactures high-speed, optical interconnect technologies that allow webscale companies, service providers, and data center operators to meet the fast-growing consumer demands for data. Under the terms of the agreement, Cisco has agreed to acquire Acacia for $70.00 per share in cash, or for approximately $2.6 billion on a fully diluted basis, net of cash and marketable securities. David Goeckeler, Executive Vice President and General Manager of Cisco’s networking and security business, said: “By innovating across software, silicon and optics, Cisco is reinventing every domain of the network with our intent-based architectures. With the explosion of bandwidth in the multi-cloud era, optical interconnect technologies are becoming increasingly strategic. The acquisition of Acacia will allow us to build on the strength of our switching, routing and optical networking portfolio to address our customers’ most demanding requirements.”
Google to Acquire Enterprise Cloud Storage Provider, Elastifile
Santa Clara, California - 9th July 2019 - Google has announced that it has entered into a definitive agreement to purchase Elastifile, a Silicon Valley-based, enterprise cloud file storage solutions company. Terms of the deal were not disclosed, though CTech cited an anonymous source as saying Google is paying around $200 million Subject to usual conditions, the transaction should complete later this year, when the Elastifile team will join Google Cloud. Google Cloud CEO, Thomas Kurian, wrote in a blog post: “Elastifile is a pioneer in solving the challenges associated with file storage for enterprise-grade applications running at scale in the cloud. They’ve built a unique software-defined approach to managed Network Attached Storage, enabling organizations to scale performance or capacity without cumbersome overhead. Building on this technology, our teams are excited to join together and integrate Elastifile with Google Cloud Filestore."
PayU Expands into Southeast Asia with Acquisition of Singapore-based Red Dot Payment
Amsterdam, The Netherlands – 5th July 2019: PayU, the payments and fintech business of Naspers, has announces the acquisition of a majority stake in Red Dot Payment (RDP), a Southeast Asia focused online payment solutions provider. With this transaction, PayU expands into the Southeast Asia region and brings the total amount deployed in fintech investments and M&A to north of $700 million over the last three years. The move demonstrates PayU’s commitment to becoming the leading payments solution provider in high-growth markets and one of the largest fintech investors in the world. Formed in 2011 by a group of payment experts from various Fortune 500 companies in the industry, RDP has grown into Singapore’s largest home-grown and trusted online payment solutions fintech company, delivering innovative, secure and customised payment solutions for all enterprise sizes across Asia and beyond. With an ever-expanding presence across Southeast Asia, including offices in Indonesia and Thailand, RDP has been focused on booming verticals such as online retail, hospitality, charity, food delivery and more.
Ricoh strengthens digital workplace capabilities with DocuWare acquisition
Tokyo, Japan – 2nd July 2019 – Ricoh Company, Ltd., has announced a definitive agreement to acquire DocuWare, a provider of Content Services software. Headquartered in Germany and the United States, DocuWare provides cloud and on-premise document management and workflow automation software to over 12,000 customers in more than 90 countries across the globe through a network of 600 partners. David Mills, Corporate Senior Vice President, Ricoh Company Ltd, says: “We are intent on building a thriving business which meets the growing need of companies around the world to digitise their businesses and workplaces, wherever they may be. We see a strong demand from our customers to maximize the value of their documents and business content to support their growth. The agreement we have made with DocuWare, which has a market-leading, cloud-first content services offering, is a hugely significant step in meeting that need. We are delighted at the additional capabilities we will be able to offer current and new customers.”
Epicor Acquires Warehouse Management Solution Provider Majure Data
Austin, Texas 2nd July 2019 - Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, has announced that it has acquired Majure Data, a provider of warehouse management solutions for the lumber and building materials (LBM) industry. The transaction closed on July 1. Financial terms of the agreement were not disclosed. Bill Wilson, Senior Vice President, retail and building materials industry solutions, Epicor, said: "Both companies offer deep industry expertise and are committed to building long-term relationships with customers, providing increased efficiency, accuracy, and operational improvements in warehouse operations. Majure Data offers full integration tools for leading industry ERP platforms, allowing a broad range of LBM dealers and distributors to transform their warehouse operations.”
Advanced completes third acquisition in three months
Dallas - 2nd July 2019 - British software business, has completed its acquisition of US-based legacy modernisation leader Modern Systems1, immediately growing its application modernisation revenue by around one third, to more than £30 million. The acquisition of Modern Systems strengthens Advanced’s goal to become the number one software and services supplier in the UK, whilst expanding its presence in Europe and North America, where Modern Systems has a significant presence and customer base. Modern Systems is the third organisation to be acquired by Advanced in just three months, and this move further underpins Advanced’s organic and inorganic growth plans. In April, Advanced purchased legal forms and digital dictation software specialist Oyez Professional Services, as well as workforce management and resource scheduling software provider Kirona. These acquisitions fast-track Advanced’s ability to deliver a broader set of Cloud-based solutions and services to existing customers. Gordon Wilson, CEO at Advanced, commented: “Before businesses can take advantage of modern, digital IT methods as part of a digital transformation, they must look to modernise their decades-old legacy systems. By adding Modern Systems to the Advanced portfolio, we are dramatically speeding up our customers’ ability to remove key barriers to achieving digital transformation.