Ideanomics Announces Definitive Agreement to Acquire Timios Holdings Corp.
New York – 12th November 2020 - Ideanomics is pleased to announce it has signed a definitive stock purchase agreement to acquire 100% of privately held Timios Holdings Corp. in an all-cash deal. Timios, a nationwide title and settlement solutions provider, has been expanding in recent years through offering innovative and freedom-of-choice-friendly solutions for real estate transactions, including residential and commercial title insurance and closing and settlement services, as well as specialized offerings for the mortgage industry. "As we move into an unprecedented era of data-driven real estate transactions, Timios intends to continue to shepherd our customers through this significant transformation in the real estate industry by providing transparency and simplification," said Timios Chairman of the Board, Trevor Stoffer. "We look forward to leveraging Ideanomics' resources to continue Timios' growth and to explore opportunities to further modernize real estate closings."
iClick Further Enhances Product Offerings through Acquisition of CMRS Group
Hong Kong – 11th November 2020 - iClick Interactive Asia Group Limited, an independent online marketing and enterprise data solutions provider in China, has announced that it has recently entered into an agreement to acquire the entire issued share capital of CMRS Group Holding Limited, a marketing automation solution provider focused in Greater China in a consideration comprised of cash and certain number of the Company's American Depositary Shares. The closing of the acquisition is subject to customary conditions. CMRS adds value to customers in data-driven consumer journey management, cross-channel marketing automation and inbound marketing services. Its proprietary technology aggregates data from multiple sources to help companies provide better customer relationship management (CRM) services. CMRS has leading expertise in leveraging strategies and content over social media and KOLs to generate inbound leads and sales for companies. Mark Chan, Group CEO and Founder of CMRS Group, said: "We are thrilled to become part of iClick group. Combined with CMRS's expertise in digital marketing, social media and KOLs and smart content generation enterprise solution services, the acquisition will enrich iClick's comprehensive initiatives in its Consumer Experience Management and Social Commerce Platforms, further boosting the success of the combination."
Tech Soft 3D Completes Acquisition of Visual Kinematics in Continued Expansion of CAE Offerings
BEND, OR - 11th November 2020 - Tech Soft 3D, provider of engineering software development kits (SDKs), has announced that it has acquired Visual Kinematics (VKI), maker of DevTools, a suite of component software development kits (SDKs) for computer aided engineering (CAE) applications. This acquisition continues the company’s growth plans to scale global reach and increase its product offerings. With this acquisition, Tech Soft 3D is now the clear market leading provider of component technology for developers of CAE software. Ron Fritz, Chief Executive Officer at Tech Soft 3D, commented: “The CAE market is exploding and the applications for simulation will only continue to expand. Analysing how your design will function in the real world offers such massive cost savings that simulation is already well established in the design process. Tech Soft 3D is focused on adapting our tools to address this rapidly growing market space, as well as taking some of the core capabilities available in these technologies to serve the needs of additive manufacturing, AR/VR, IoT, machine learning, AI, etc.”
Adobe to Acquire Workfront
San Jose, California - 9th November 2020 — Adobe has announced it has entered into a definitive agreement to acquire Workfront, a work management platform for marketers, for $1.5 billion, subject to customary purchase price adjustments. With more than 3,000 customers and one million users, Workfront is the solution marketers rely on every day to efficiently manage content, plan and track marketing campaigns, and execute complex workflows across teams. Alex Shootman, CEO, Workfront, said: “Adobe and Workfront share a common affinity to help the modern marketer thrive in an ever-evolving, increasingly demanding setting. We’re excited to join Adobe and believe this will be a tremendous opportunity for our customers and partners.” Upon close, Shootman will continue to lead the Workfront team, reporting to Anil Chakravarthy, Executive Vice President and general manager, Digital Experience Business and Worldwide Field Operations. Adobe solutions are at the nexus of creativity and customer experience management and mission-critical to marketers, creatives, analysts, and now, operations managers.
Raytheon Intelligence & Space to acquire Blue Canyon Technologies
Arlington, Vancouver – 10th November 2020 - Raytheon Technologies has signed a definitive agreement to acquire privately held Blue Canyon Technologies, a provider of small satellites and spacecraft systems components. Closure of the acquisition, expected by early 2021, is subject to the completion of customary conditions and regulatory approvals. Blue Canyon Technologies will report into Raytheon Intelligence & Space upon closing. "The space market is rapidly expanding and our customers need comprehensive solutions faster than ever before," said Roy Azevedo, President of Raytheon Intelligence & Space. "What makes Blue Canyon Technologies the right fit for our business is its agile, innovative culture and expertise in small satellite systems and technologies. This acquisition enables us to deliver a broader range of solutions to support our customers' space missions – from sensing subsystems to mission systems integration and from launch and range support to on-orbit operations."
Sapiens Acquires Tia Technology to Expand its Nordic Market Presence
9th November 2020 – Sapiens International Corporation, a global provider of software solutions for the insurance industry, has announced that it has entered into a definitive agreement to acquire Tia Technology, a vendor of digital software solutions, from the global investment organization EQT Mid-Market. “I’m pleased to welcome the Tia team and customers as we strive to create additional value for the insurance market. The Nordics are a significant growth driver for Sapiens.” said Roni Al-Dor, Sapiens’ President and CEO. “We remain committed to exploring new opportunities for growth, organic as well as through mergers and acquisitions. This acquisition is in line with our strategy to expand our European market footprint, following recent acquisitions in Iberia and the DACH regions.”
ConnectWise Acquires Perch Security and StratoZen, Two Cybersecurity Firms Focused
Tampa, Florida – 10th November 2020 – ConnectWise, provider of software and expert services purpose-built for technology solution providers (TSPs), has announced it has acquired Perch Security and StratoZen. These acquisitions establish ConnectWise as the industry's only platform with the comprehensive offering for today's TSP - complete with business management, unified management and security management, including SOC and SIEM services. As part of the ConnectWise Fortify™ security management solution, these technologies will provide revolutionary data management capabilities both as a service and as core technology in the ConnectWise Fortify SOC. Perch provides the only MSP-designed SIEM in the industry, stripping away unnecessary complexity while providing the multi-tenant functionality MSPs need to support multiple SMB clients and easily capture data from the systems they are monitoring for cyber-attacks on behalf of their customers. Additionally, StratoZen’s advanced automation and data analysis capabilities will take the data gathered from the Perch SIEM and turn it into actionable insights. This will help MSPs significantly reduce false positives and respond faster and more accurately, with less staffing resources.
HST Pathways and Casetabs Merge and Secure Majority Investment from Bain Capital Tech Opportunities
Lafayette, California & Boston – 10th November 2020 - HST Pathways and Casetabs, both providers of innovative, cloud-based software for ambulatory surgery centers across the U.S., have announced a strategic combination of their businesses that will offer customers a flexible and secure set of technology solutions and enhanced products and services. The combination is supported by a majority investment led by Bain Capital Tech Opportunities with a minority investment from Nexxus Holdings. Founder and CEO of Casetabs, Gavin Fabian, said: “HST and Casetabs have worked closely for years, and this merger will further expand our ability to strategically serve the ASC market. We are committed to continuing innovation and deployment of high value products and services designed to successfully maximize business operations for our clients.” Bain Capital has deep investment experience across the healthcare services and technology sectors, having invested in and grown a wide range of companies. Financial terms of the private transaction were not disclosed.
Healthcare Tech Company, MultiPlan Corporation to Acquire HST for $140 Million
New York, NY – 9th November 2020 – MultiPlan Corporation, a value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, has announced that it has acquired HST, an innovative healthcare technology company that enables value-based health benefit plan designs, for a purchase price of $140 million. HST’s platform uses sophisticated data analytics and tools to engage members and providers on both the front and back end of healthcare, enhancing collaboration and improving management of medical cost for all parties to a healthcare claim. HST’s technology helps payors offer more transparent, accountable, affordable and sustainable health plans that lower medical costs, improve acceptance and predictability over other Reference-Based Pricing (RBP) approaches, and increase plan member satisfaction by helping them make the best use of their benefits. Adding HST’s technology-enabled services to MultiPlan’s offerings will further extend the company’s capabilities and enhance its mission to improve affordability and fairness in the healthcare system.
Zix Acquires Leading Cloud-Based Backup and Recovery Provider CloudAlly
Dallas – 9th November 2020-- Zix Corporation, provider of cloud email security, productivity and compliance solutions, has acquired privately-held CloudAlly Ltd., an industry leader in cloud-based data backup and recovery for business. “Our acquisition of CloudAlly greatly enhances the Zix suite of solutions and will provide our partners and customers with another robust tool to drive further cloud adoption in their digital transformation journeys,” said David Wagner, Zix’s Chief Executive Officer. “With CloudAlly, we can now directly address the growing demand we’ve seen from partners, customers and prospects alike for an enterprise-grade cloud backup offering with a best-in-class solution. With CloudAlly, we can greatly enhance our Secure Cloud platform and also mitigate concerns around ransomware which has become a large industry focus. With this transaction completed, Zix will be better positioned for profitable growth, higher attach rates, scaled customer retention, and with the opportunity to capture a greater share of the multi-billion-dollar business communications market.”
Wayside Technology Acquires CDF Group for $17.4 Million
Eatontown, NJ – 9th November 2020 - Wayside Technology Group, Inc, an IT channel company providing innovative sales and distribution solutions through its Climb division, has acquired CDF Group, a UK-based cloud, software and IT distributor and services provider. CDF primarily goes to market under two brands: Grey Matter, which is a value-added reseller (VAR) providing cloud, software and technical services; and Sigma Software Distribution, which provides innovative software products to VARs throughout EMEA. “CDF brings a robust cloud services platform to Climb and significantly strengthens our position in the EMEA market,” said Dale Foster, CEO of Wayside. “By utilizing CDF’s existing cloud solutions infrastructure, we believe that our cloud offerings are better positioned to meet the growing needs of our vendor and VAR partners in both EMEA and North America. Further, with the added support of CDF’s professional services division CloudKnowHow, we can make cloud integration seamless for our clients and further build out our team’s technical expertise. This presents a long-term strategic opportunity for us to expand into more value-added services that can deepen our partnership with customers.”
Centene Signs Definitive Agreement to Acquire Apixio
St. Louis – 9th November 2020 - Centene Corporation has announced it has signed a definitive agreement to acquire Apixio Inc., a healthcare analytics company offering Artificial Intelligence (AI) technology solutions. The transaction is subject to regulatory approvals and is expected to close by the end of 2020. "Centene is committed to accelerating innovation, modernization and digitization across the enterprise and solidify its position as a technology company focused on healthcare. Apixio's capabilities are closely aligned with our plans to digitize the administration of healthcare and to leverage comprehensive data to help improve the lives of our members," said Michael F. Neidorff, Chairman, President and Chief Executive Officer for Centene. "Apixio's technology will complement existing data analytics products including Interpreta, creating a differentiated platform to broaden support for value-based healthcare payment and delivery with actionable intelligence."
Top Echelon Acquires CATS Software - Combines Solutions to Manage Recruiting
Canton, Ohio and Minneapolis – 10th November 2020 - Top Echelon Software, provider of recruiting software for people who build teams, has announced its acquisition of CATS Software, an applicant tracking system (ATS) which helps companies fill their hiring needs. This acquisition combines two ATS companies to address the complex and evolving challenges in the war for talent. The acquisition expands Top Echelon's customer and revenue base and strengthens its software offering. Top Echelon will continue to support new and existing CATS customers, as well as expand its market reach to mid-sized businesses both domestically and globally. CATS services include software-as-a-service (SaaS) for managing talent acquisition, with tools for resumé import, job application collection, resumé search, comprehensive reports, job board publication as well as analytics. Commenting on the rationale behind the acquisition, Top Echelon Software CEO, Mark Demaree, said that the merger offers the opportunity to become the leading provider of applicant tracking and CRM software to serve and support their customers at the highest level.
International Legaltech Firm, BigHand, Acquires Mason & Cook
London, UK - 9th November 2020 - Legaltech developer BigHand has acquired UK-based resource management company, Mason & Cook, the first M&A deal for BigHand since it was acquired by private equity firm, Levine Leichtman Capital Partners (LLCP) back in August. London-based Mason & Cook uses its resource planning software to provide strategic consulting to law firms on how to allocate work more efficiently and better manage their resources. Chief Product Officer at BigHand, James Kippenberger, said: “For customers building a budget in a pricing tool and adding fee earners to that budget, resource managers currently have to do it ‘blind’; they don’t know who is free, they don’t know who is the most suitable resource, nor do they know who has the optimum skills or experience. Having access to that information will significantly improve the robustness of any resulting budget.” BigHand will continue to offer Mason & Cook’s tech as a standalone product while also integrating it with BigHand’s legal matter pricing and legal task delegation workflow system. He continued, “Our vision is that by having a legal resource management platform integrated with an extended workflow tool, customers will have a truly unique end-to-end solution.”
Navisite Expands SAP Service Portfolio with Acquisition of Dickinson + Associates
Andover, Massachusetts – 5th November 2020 – Navisite has announced its acquisition of Dickinson + Associates, an SAP consulting firm based in Chicago. As a Premier SAP Gold Partner with over 22 years as a leading SAP systems integrator, Dickinson will enhance Navisite’s SAP managed cloud services portfolio with end-to-end SAP business application and platform expertise, proven methodologies and customized solutions to address unique industry challenges. Mark Clayman, CEO at Navisite, said: “Dickinson has an excellent reputation in the industry with a strong, continually growing relationship with SAP. With this acquisition, we’ll be able to deliver greater breadth and depth of SAP services to help organizations accelerate their IT transformations, improve operations and reduce costs. This aligns with our broader strategy to combine the highest levels of knowledge, skills and capabilities that span all major cloud and enterprise application providers.”
West Monroe Acquires Strategy and Outsourcing Advisory Firm Pace Harmon
Chicago - 4th November 2020 - West Monroe, a national business and technology consulting firm, has announced it has acquired Pace Harmon, a Washington, D.C., area-based IT and business services transformation and outsourcing advisory firm. The acquisition adds depth in transformation advisory for West Monroe, as well as new capabilities in IT strategy and business process outsourcing, procurement and vendor management. Pace Harmon works with Fortune 500 companies and other large enterprises to determine their optimal service delivery model - in IT and back-office business functions - to optimize performance, cost, responsiveness, and service quality. Together, West Monroe and Pace Harmon will provide more comprehensive technology and business transformation services to their client base, through new breadth in IT strategy and execution and depth in strategy and advisory services. https://www.westmonroepartners.com/press-releases/west-monroe-acquires-pace-harmon
SAP Completes Acquisition of Emarsys
Walldorf – 5th November 2020 - SAP SE has announced it has completed the acquisition of Emarsys, an omnichannel customer engagement platform provider. The Emarsys products will be added to the SAP Customer Experience portfolio. SAP Customer Experience President Bob Stutz said, “With Emarsys now an official part of SAP Customer Experience, we look forward to working together, learning more about each other and creating a product portfolio that is more than the sum of its parts. With the strengths of our current solutions and the integration of Emarsys, SAP Customer Experience will power a foundation of omnichannel personalized engagement, meeting customers where and when they choose to engage, on their preferred channels and on their terms.” Terms of the transaction were not disclosed.
SugarCRM Acquires W-Systems to Accelerate Sales and Marketing Implementation Services and High Value Add-Ons for Customers
Cupertino, California - 5th November 2020 – SugarCRM Inc., the innovator of time-aware CX, has announced the acquisition of W-Systems, a CRM and marketing automation solutions and services provider. New Jersey-based, W-Systems, a division of Gannett’s UpCurve Inc., is Sugar’s North America Reseller of the Year in 2020 and one of the company’s largest global implementation partners. With this acquisition, Sugar expands its ability to meet implementation service demand for its time-aware, AI-powered sales, marketing and service software that help companies deliver a high-definition customer experience. The increase of remote and distributed workforces and reliance on digital channels in the current economy further accelerates the need for easy-to-deploy, cloud-based CRM and marketing automation solutions for customer-facing teams. “Speed and expertise are critical factors for companies looking to compete on CX,” said Brent Leary, founder and Principal Analyst at CRM Essentials. “SugarCRM’s acquisition of W-Systems, a firm with long and deep commitment to serving the Sugar customer community, addresses a growing need for mid-market companies who want a trusted advisor that can help them navigate and succeed in their adoption of next generation CRM and marketing automation environments.”