Boss Insights - Tech M&A Round Up - 1st May 2020

NexTech AR Acquires Work From Home (WFH) Webcasting Software Company Jolokia
New York, NY & Toronto, ON – 30th April 2020  - NexTech AR Solutions a company specialising in augmented reality for eCommerce and AR learning applications, has announced it has acquired virtual events, remote video training, live streaming software company Jolokia, whose platform generated $1mill USD in SaaS revenue for 2019. Pete Mastin, CEO of Jolokia, commented, “With the integration of NexTech’s augmented reality holograms, our Inferno platform is well-positioned as the most advanced Event Management and Digital Video Learning Platform in market today. Combining live broadcasting with Interactive Video, Artificial Intelligence and Holograms, corporations are now able to rapidly deliver immersive, engaging learning experiences anywhere.” He continued, “We are very excited to merge with NexTech AR as we believe the combination of our Inferno Platform with NexTech’s formidable tech stack will create a new generation of Learning & Development products that will gamify the learning experience in a way that has not been seen before.”

Proxy Acquires Smart Ring Startup, Motiv - Heralds New Era for Wearable Tech
San Francisco – 27th April 2020 - Proxy, creator of digital identities for the physical world, has announced it has acquired Motiv, creator of the world’s most popular smart ring. In a blog announcing the deal, Denis Mars, co-founder and CEO of Proxy, said: “Wearables have yet to reach their full potential. They have been relegated to fitness and sleep tracking, when there are more profound purposes we should be aiming for. The existing wearable space is analogous to the flip phone days of the smartphone world. With the acquisition of Motiv, Proxy is igniting a paradigm shift in how people use wearables to interface with the physical world, so they can do and experience things they never have before.” Proxy is known for its digital identity signal technology, whilst Motiv is creator of the stylish and innovative smart ring, featuring miniaturized circuits that have the unique ability to biometrically authenticate users and connect the rings with devices around them. Advancing wearable technology has been a key element of Proxy’s strategy since the company was founded. Advancing wearable technology has been a key element of Proxy’s strategy since the company was founded, so they decided the best way to accelerate this was by having the technological capability in-house.

Orion Acquires Tekmark, Strengthening Expertise in Financial Services and Telecommunication
New York – 28th April 2020 - Orion Innovation, a global business and technology services firm that provides digital transformation and product development services, has announced the acquisition of Tekmark Global Solutions, a New Jersey-headquartered global technology services firm, specializing in software engineering, quality engineering, telecom engineering, managed services, cyber security and data analytics.  The deal significantly adds to Orion’s engineering capabilities in the US, and further strengthens its expertise in enterprise software development for companies in the financial services, telecommunications and healthcare industries. Raj Patil, CEO of Orion, said: “Strengthening the engineering capacity of our US-based delivery centers has been a strategic priority for Orion as we aggressively grow our digital transformation platform to deliver ‘agility at scale.’  This acquisition achieves that objective. Despite the sudden impact to business by the global pandemic, we’ve been able to continue to execute on our strategic growth plans.  For that, we are thankful to our associates, clients, and partners for their role in helping us stay on this track, by seamlessly adapting to this new normal.”

NVIDIA Completes Acquisition of Mellanox, Creating Major Force Driving Next-Gen Data Centers
Santa Clara, CA - 27th April 2020 - NVIDIA has announced the completion of its acquisition of Mellanox Technologies, Ltd., for a transaction value of $7 billion. The acquisition, initially announced on March 11, 2019, unites two leading, high performance and data center computing companies. Combining NVIDIA’s leading computing expertise with Mellanox’s high-performance networking technology, the move will enable customers to achieve higher performance, greater utilization of computing resources and lower operating costs. Jensen Huang, founder and CEO of NVIDIA, said: “The expanding use of AI and data science is reshaping computing and data center architectures. With Mellanox, the new NVIDIA has end-to-end technologies from AI computing to networking, full-stack offerings from processors to software, and significant scale to advance next-generation data centers. Our combined expertise, supported by a rich ecosystem of partners, will meet the challenge of surging global demand for consumer internet services, and the application of AI and accelerated data science from cloud to edge to robotics.”

Even Financial Launches Insurance Offerings with Strategic Acquisition of LeapLife, a Leading Insurtech Platform
New York, New York – 22nd April 2020 - Even Financial (Even), an API for financial services search, acquisition and monetization, has announced that it will be launching services for the insurance industry through the acquisition of LeapLife, an insurtech platform and digital life insurance agency. The addition of LeapLife allows Even to immediately commence its insurance capabilities, aimed at simplifying and enhancing the way consumers search, compare and get matched with insurance policies (LeapLife’s existing platform will continue to operate from Over the coming weeks, Even will further integrate LeapLife’s technology and insurance offering into its API, making turnkey insurance marketplaces programmatically available to a vast network of channel partners. when and where their consumers are most in need, while also enabling the company to expand into other insurance sectors, including homeowners, renters and auto insurance.

Experience Management Leader Medallia to Acquire Real Time Speech to Text Platform, Voci Technologies
San Francisco, California – 22nd April 2020 - Medallia, Inc. an experience management specialist, has announced they have entered into a definitive agreement to acquire Voci Technologies, the real-time speech to text platform. The acquisition will combine Voci’s leading real-time speech to text capabilities with Medallia’s powerful experience management platform to deliver a rich, single view of the customer that can power exceptional customer experience and deliver significant gains in operational efficiency. Companies engage with customers by phone more than any other channel and these interactions are a gold mine of untapped insights. Voci’s innovative technology analyzes these signals in real time, and its AI and deep learning capabilities enable contact centers to gain actionable insights from 100% of customer calls.This powerful comprehension of a customer’s intended meaning enables contact centers to operate at elevated levels of impact.

TapClicks Acquires AdStage
San Jose, California – 22nd April 2020 - TapClicks, a unified marketing platform for analytics, intelligence, reporting, workflow and orders management, has announced that it has acquired AdStage, a provider of marketing and advertising intelligence solutions for campaign optimization. Known for its cross-channel analytics and optimization platform, AdStage will be integrated into TapClicks’ family of brands, to expand the marketing intelligence capabilities available to TapClicks’ customers. Commenting on the deal, Babak Hedayati, CEO and founder of TapClicks, said: “TapClicks continues to invest in industry-leading capabilities to meet the quickly changing needs of our customers, particularly as the impact of COVID-19 reshapes the marketing landscape. AdStage’s marketing intelligence and campaign optimization solutions will help our customers immensely during this time by maximizing the value of their marketing spend.“

01 May 2020