Microsoft has Acquired ADRM Software
Redmond, WA – 18th June 2020 - Microsoft has acquired ADRM Software, a data analytics firm that builds models for businesses and industry services. Announcing the deal in a blog, Ravi Krishnaswamy, CVP, Azure Global Industry, said: “Data and AI are the foundation of modern technological innovation, yet businesses today struggle to unlock the full value data has to offer as fragmented data estates hinder digital transformation. Without a comprehensive and integrated view of their data, companies are at a competitive disadvantage, which hinders digital adoption and data-driven innovation. Today, we are excited to announce the acquisition of ADRM Software, a leading provider of large-scale industry data models, which are used by large companies worldwide as information blueprints. ADRM’s robust industry data models have been built and refined over decades for business-critical analytics.” Terms of the transaction were not disclosed.
MTBC Acquires Meridian Medical Management, a Former GE Healthcare IT Company
Somerset, NJ - 17th June 2020 - MTBC, Inc, a provider of cloud-based healthcare IT solutions and services, has announced the closing of its acquisition of Meridian Medical Management, a former GE Healthcare IT company that delivers advanced healthcare information technology solutions and services to thousands of healthcare providers nationwide. Stephen Snyder, CEO of MTBC, said: “Meridian is our largest acquisition to date. We expect to provide increased revenue guidance as part of our second quarter investors call as a result of this transaction. We also believe that Meridian’s team, digital assets, and customer base will help further accelerate our growth and margin expansion during 2021 and beyond.”
IBM Acquires Assets from Spanugo
Armonk, New York – 15th June 2020 - IBM has announced it has signed a definitive agreement to acquire Spanugo, a US-based provider of cloud cybersecurity posture management solutions. To further meet the security demands of its clients in highly regulated industries, IBM will integrate Spanugo software into its public cloud. The addition of Spanugo software will help accelerate the availability of a security control center that will enable IBM clients to define compliance profiles, manage controls and, in continuous real time, monitor compliance across their organization. "IBM is committed to building the industry's most secure and open public cloud for business. With the acquisition of Spanugo, we have taken another major step in advancing IBM's differentiated capabilities in security and compliance for our enterprise clients, including those in highly regulated industries," said Howard Boville, SVP, Cloud, IBM. "Bringing Spanugo's technology into our financial services public cloud will help provide our clients with evidence of their ongoing compliance, in real time."
Demandbase Acquires Engagio to Reshape the B2B Martech Industry
San Francisco, CA – 16th June 2020 - Account-Based Marketing (ABM) company, Demandbase, has announced the company has acquired Engagio, the B2B account-based engagement platform. The acquisition positions Demandbase to become the dominant B2B marketing platform company in the ABM space. Furthermore, the acquisition will help accelerate Demandbase’s revenue growth from $100 million to reach its next immediate milestone of $250 million. Demandbase and Engagio joining forces is a significant step forward in fulfilling the mission of transforming how B2B organizations go-to-market. It also continues the transition away from the traditional lead-focused models of the past, to the account-centric model embraced by high performing marketing and sales teams.
Perficient Announces Acquisition of PSL
Saint Louis – 17th June 2020 - Digital consultancy transforming the world’s largest enterprises and biggest brands, Perficient, Inc., has announced the acquisition of Productora de Software S.A.S. (“PSL”), a $33 million annual revenue nearshore software development company, based in Medellin, Colombia, with additional locations in Bogota and Cali, Colombia. The acquisition is expected to be accretive to adjusted earnings per share immediately. Perficient’s Chairman & CEO, Jeffrey Davis, said: “We are excited to strengthen our global delivery capabilities with the strategic acquisition of nearshore software development firm PSL. The need for our clients to adapt and innovate rapidly has never been more critical, especially in today’s unprecedented environment. PSL brings the highest quality custom application and software development services from its centers in Colombia. We’re thrilled to add their nearshore software development expertise to further enhance our existing global capabilities and help our clients accelerate innovation and speed time to market.”
SiriusXM Acquires Podcast Management and Analytics Platform Simplecast
New York – 17th June 2020 - SiriusXM has announced the acquisition of Simplecast, a podcast management platform that enables podcasters to publish, manage and measure their content. The Simplecast solution, paired with the award-winning monetization platform of AdsWizz, the adtech subsidiary of SiriusXM, creates an end-to-end solution that enables creators to publish and generate revenue from their podcasts, all in one place. Led by Founder & CEO, Brad Smith, the Simplecast platform is employed by a wide range of creators, from enterprise-level publishers and networks to independent niche podcasters. With its content management, audience analytics and dynamic audio toolset, MAE (Moveable Audio Engine), it has attracted some of the largest and most highly respected brands and publishers. Alexis van de Wyer, CEO of AdsWizz, said: "Our goal is to provide audio publishers with state-of-the-art platforms and give them everything they need to be successful. Empowering podcasters of any size to create, distribute, analyze and monetize their work is the next natural step in pursuing our vision."
Accenture Announces Intent to Acquire Sentelis
Paris – 15th June 2020 – Accenture has entered into an agreement to acquire Sentelis, an independent data consulting and engineering company, headquartered in France, that specializes in designing and scaling data and artificial intelligence (AI) capabilities. Sentelis would join Accenture Applied Intelligence and complement its focus on helping clients build the right data strategy and foundation to industrialize AI across their businesses. The acquisition will strengthen Accenture’s growing analytics, AI and ML/data engineering business in France. Global growth in AI client engagements has also served as a driver for Accenture’s recent acquisitions of Analytics8 in Australia, Pragsis Bidoop in Spain, Clarity Insights in North America, Mudano in the UK and Byte Prophecy in India.
Net Element to Merge with Electric Vehicle Company Mullen Technologies
Miami, FL – 15th June 2020 - Net Element, Inc, a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale, e-commerce and mobile devices, has announced that it has entered into a binding Letter of Intent to merge with privately-held Mullen Technologies, Inc, a Southern California-based electric vehicle company in a stock-for-stock reverse merger in which Mullen's stockholders will receive the majority of the outstanding stock in the post-merger Company. Founded in 2014, Mullen expects to launch the Dragonfly K50, a luxury sports car, in the first half of 2021 through ICI (Independent Commercial Importers). Mullen currently has eight retail locations in California and one in Arizona.
Anaqua Acquires O P Solutions to Expand and Enhance IP Practice Management Offerings
Boston – 16th June 2020 - Provider of innovation and intellectual property management solutions, Anaqua, has announced that it has acquired IP management software and practice automation provider, O P Solutions. The transaction will accelerate Anaqua’s law firm growth strategy and support the company’s commitment to delivering IP solutions that address the diversified and evolving needs of today’s IP management market. To that end, O P Solutions’ flagship product PATTSY WAVE® will join ANAQUA for Law Firms as a second distinct brand to help address the varying needs and requirements of the IP law firm market. Anaqua will continue to invest in both solutions globally and offer its expanded suite of services, including patent annuity and trademark renewal payments, to the O P Solutions client base.
Sinch Acquires ACL Mobile Expands to India
Stockholm, Sweden – 15th June 2020 - Sinch AB, a company specialising in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire ACL Mobile Limited for a total cash consideration of INR 5,350 million. ACL Mobile is a provider of cloud communications services in India and Southeast Asia. Its platform enables businesses to interact with their customers through multiple channels, including SMS, voice, email, IP messaging and WhatsApp. The company serves more than 500 enterprise customers and is particularly successful in the Banking and Financial Services industry, where ACL’s proprietary Axiom platform offers intelligent routing and granular access controls that specifically caters to the stringent security requirements of demanding financial institutions. The company employs 288 people with headquarters in Delhi and overseas offices in Dubai (UAE) and Kuala Lumpur (Malaysia). Commenting, Sinch CEO, Oscar Werner, said: “With ACL we gain critical scale in the world’s second largest mobile market. We gain customers, expertise and technology and we further strengthen our global messaging product for discerning businesses with global needs.”
Calligo acquires Itomic Voice & Data
Dublin & Cork, Ireland - 16th June - Caligo, the world’s first end-to-end managed data services provider, has announced it has acquired Itomic Voice & Data Ltd., a Cork- and Dublin-based IT managed services provider, specialising in delivering IT solutions and maintenance and managed Microsoft 365 and Azure services nationwide. The purchase of Itomic Voice & Data is Calligo’s seventh acquisition in three years and follows January 2020’s acquisition of Dublin-based DC Networks. These two acquisitions combine to make Calligo one of the largest IT managed service providers in Ireland, and the only one to offer data privacy support at the heart of every service. Caligo has operations in Ireland, Canada, the US, the UK, the Channel Islands and Luxembourg, with customers worldwide. Commenting, Julian Box, Founder and CEO of Calligo, said: “We focused our current expansion strategy on Ireland because of its growing number of innovative businesses developing new data-reliant tools and services.” Terms of the deal were not disclosed.
Babel Street Acquires Dunami
Washington – 8th June 2020 - Babel Street, Inc., a data-to-knowledge company, has announced it has acquired all of the intellectual property assets of Dunami. The acquired technology leverages advanced artificial intelligence (AI) and machine learning (ML) to swiftly understand topics and thought leaders as well as conduct relationship analysis of associated networks and audiences. The technology automatically compiles and visualizes these relationships enabling more fulsome analysis. Specifically, it will help users identify the intersection of key trends and influential voices from publicly available information (PAI) across more than 200 languages. The IP will be integrated into the Babel Street product suite -- Babel X® and Babel BOX®. While the integration is already underway, the technology is available as a stand-alone offering to Babel Street customers. Founder and CEO, Jeff Chapman, said: “This technology is a natural complement to our features and functionality as well as our diverse data offering. We are proud to bring our clients these advanced capabilities that will enhance the speed and quality of their decision making.”
ReNew Power Acquires Climate Connect
New Delhi, India - 4th June 2020 - ReNew Power, India’s largest renewable energy company, has signed a definitive agreement to acquire Climate Connect. The team, IT systems and platforms, data integrity, and business development activities will continue to operate separately. The acquisition gives ReNew access to Climate Connect’s full suite of market-leading energy-AI management services, ML-software development, and unique blend of power sector knowledge. Speaking on the acquisition, Sumant Sinha, CMD of ReNew Power said: “I am thrilled to welcome Climate Connect into the fold, to make India's power markets more efficient through next-generation AI-and-ML-powered technologies. The first wave of growth in the renewable energy industry came through the addition of physical assets on the ground. The next wave will come through the development of digital products that help optimize power flow from generators to distribution companies to customers. As distribution companies look to tighten operations, find efficiencies, and reduce AT&C losses, digitalization will play a key role and Climate Connect is well-positioned to service this nationally important market.”