Google Cloud partner itGenius acquires Scale My Empire
Melbourne, Australia - 19th December 2019 - Small business-focused Google Cloud partner itGenius has acquired Melbourne-based Scale My Empire (SME). SME is a partner of Copper CRM, a CRM platform designed to match the look at feel of G Suite and therefore expedite adoption. In a blog announcing the acquisition, itGenius founder, Peter Moriarty said that SME, led by Scott Gellatly, have helped hundreds of businesses become more efficient, highly valued, and scalable through systemization and process improvement. Scott and his team are experts at assisting businesses to automate manual workflows, and align technology to strong business processes. He added that co-founder, Scott, would join the itGenius team as General Manager and lead the Excite (new business) and Engage (account management) teams as well as overseeing delivery of key technology implementation to customers.
Brussels-Based Akka Announces Intention To Acquire Data Respons
Brussels, Belgium & Oslo, Norway – 19th December 2019 - AKKA Technologies SE and Data Respons ASA have announced that AKKA will acquire all of the shares of Data Respons through a voluntary cash offer of NOK 48.00 per share. The Board of Directors of Data Respons has unanimously voted to recommend the shareholders of Data Respons accept the Offer. Mauro Ricci, Chairman and Chief Executive Officer of AKKA, commented: “This project is a true game changer in a data driven world. We will create Europe’s largest and most comprehensive digital solutions powerhouse for the fast-growing mobility market. This is the result of our continued investment in AKKA’s expertise and adds considerable power to create value for our clients with solutions in digital, software, connectivity, cloud and engineering. The combined expertise and size will allow us to leverage a comprehensive software portfolio towards capturing larger contract volumes in major Nordic and German markets in particular, where Data Respons has already overcome barriers to entry and developed strategic positions. At the end of the day, the underlying strength of this deal is that both companies share the same entrepreneurial values and a common vision.”
RealPage Closes Acquisition of Buildium
Ricghardson, Texas – 18th Deccember 2019 - RealPage, Inc, a global provider of software and data analytics to the real estate industry, has announced that it has closed its acquisition of Buildium®, an SaaS real estate property management solution provider with approximately 2 million units under management in the SMB market segment. Steve Winn, CEO and Chairman of RealPage,commented: “The SMB market segment represents a tremendous growth opportunity for RealPage. This is an area where technology is underutilized, and currently served by myriad point products. Buildium in concert with RealPage enables us to reach deeper into that 50 million-unit market, with a best-in-class platform backed by data science.”
Akerna to Acquire Canadian Cannabis Software Provider Ample Organics for Up to $45 Million
Denver and Toronto – 18th December 2019 - Akerna Corp, provider of cannabis compliance technology and developer of the industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), has entered into a definitive agreement to acquire Canadian-based Ample Organics Inc. in a cash and stock transaction valued at up to $45 million (C$60 million). With its seed-to-sale platform, Ample Organics serves over 70% of the Canadian market and was recently recognized as the 19th fastest growing company in Canada. Ample Organics was selected to deliver the world’s first national cannabis tracking platform in St. Vincent and The Grenadines in 2020. The contract win, bears testament to Ample Organics’ competitive position in Canada – currently the largest national market. Commenting, Jessica Billingsley, Chief Executive Officer, Akerna, said: “The cannabis economy runs on Akerna. Our acquisition of Ample Organics solidifies our position as the global technology provider serving the industry. This combination will provide Akerna with a significant advantage as we accelerate on our vision to create the pre-eminent global technology platform, addressing the entire supply chain and its regulatory bodies through accountability and transparency.”
Logmein Enters into Definitive Agreement to be Acquired by Affiliates of Francisco Partners and Evergreen Coast Capital for an All-Cash Transaction Valued at Approximately $4.3 Billion
Boston, Massachusetts - 17th December 2019 - LogMeIn, Inc, a provider of cloud-based connectivity, has announced that it has entered into a definitive agreement to be acquired in a transaction led by affiliates of Francisco Partners, a technology-focused, global, private equity firm, and including Evergreen Coast Capital Corporation, the private equity affiliate of Elliott Management Corporation, for $86.05 per share in cash. The all-cash transaction values LogMeIn at an aggregate equity valuation of approximately $4.3 billion. Bill Wagner, President and Chief Executive Officer of LogMeIn, said: “This transaction acknowledges the significant value of LogMeIn and provides our stockholders with a meaningful and certain cash offer at a compelling premium. Together, Francisco Partners and Evergreen are committed to addressing the unique needs of both our core and growth assets. We believe our partnership with Francisco Partners and Evergreen will help put us in a position to deliver the operational benefits needed to achieve sustained growth over the long term.”
Advice Media Announces The Acquisition Of Page 1 Solutions
Park City, Utah – 17th December 2019 - Advice Media, Provider of software-based marketing solutions for medical and dental practices, has announced that is has acquired Page 1 Solutions, LLC. Page 1 has been a pioneer in digital marketing for attorneys, plastic surgeons, ophthalmologists and dentists. Advice Media provides a highly-scalable patient acquisition and retention platform for healthcare professionals. Their refined internal processes, determined focus on the client experience, combined with their ability to drive new patients, will provide a tremendous additive value to the acquired Page 1 clients. The talented team at Page 1 will be joining Advice Media to provide the best acquisition and retention solutions for their respective clients. Shawn Miele, CEO of Advice Media, commented, "Page 1 has been a well-respected company in their market for years. We are excited to bring their employees and clients into the Advice Media ecosphere. As we have done with past acquisitions, we anticipate keeping all the things that made Page 1 great while introducing our highly scalable platform to drive improvements in results for clients and organizational efficiency."
Fashion platform Zilingo acquires Sri Lankan SaaS startup nCinga for $15.
Singapore & Sri Lanka - 17th December 2019 - Singapore’s fashion startup Zilingo has acquired Sri Lanka’s SaaS startup nCinga in a $15.5 cash and stock deal, the two have announced. Founded in 2014, nCinga offers an IoT platform to enable real-time production monitoring on factory floors and data analytics tools. Its acquisition is one of Sri Lanka’s largest tech exits in recent times. Zilingo, which has itself, built several supply chain models — manufacturing, logistics, payments, etc. for retailers and brands, said it will deploy the Sri Lankan start-up’s Manufacturing Execution System (MES) software across its network of 6,000 factories and 75,000 businesses. Commenting, co-founder and Chief Executive of Zilingo, Ankiti Bose, revealed that the company has long been a client of nCinga, and that nCinga’s product has helped “drastically improve” efficiency and drive insights by digitizing the shop floor. “Their work has been crucial to our mission of creating a transparent, sustainable, economically viable and socially responsible apparel supply chain,” she said.
Intel Acquires Artificial Intelligence Chipmaker Habana Labs for $2 Billion
Santa Clara, California – 16th December 2019 – Intel Corporation has announced that it has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center for approximately $2 billion. The combination strengthens Intel’s artificial intelligence (AI) portfolio and accelerates its efforts in the nascent, fast-growing AI silicon market, which Intel expects to be greater than $25 billion by 2024. Commenting, Navin Shenoy, Executive Vice President and General Manager of the Data Platforms Group at Intel, said: “This acquisition advances our AI strategy, which is to provide customers with solutions to fit every performance need – from the intelligent edge to the data center. More specifically, Habana turbo-charges our AI offerings for the data center with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads.” Habana will remain an independent business unit and will continue to be led by its current management team, reporting to Intel’s Data Platforms Group. This combination gives Habana access to Intel AI capabilities, including significant resources built over the last three years with deep expertise in AI software, algorithms and research that will help Habana scale and accelerate.
Cisco Announces Intent to Acquire Exablaze
San Jose, California – 16th December 2019 - Cisco has announedg its intention to acquire Exablaze*, a privately held, Australia-based designer and manufacturer of advanced network devices. Exablaze’s design and manufacturing innovation offer customers the latest Field Programmable Gate Array (FPGA) technology with the required flexibility and programmability for environments where ultra-low-latency and high performance is critical. These next-generation products include advanced ultra-low latency FPGA-based switches and network interface cards (NICs), as well as picosecond resolution timing technology. The addition of Exablaze to Cisco’s Nexus switching portfolio will complement Cisco’s current switching technology with the FPGA-based layer-1 capable switchs and ultra-low latency NICs. Together Cisco and Exablaze will accelerate next generation switch platforms, and further create potential synergistic opportunities in emerging AI and ML segments.
Apple has bought Spectral Edge, a Cambridge-based photography technology start-up, the tech giant confirmed on Friday.
Cambridge, UK - 12th December 2019 – Apple has acquired Spectral Edge, a start-up which specialises in software that fuses together multiple versions of the same image to improve photo quality, including versions taken on the invisible infrared spectrum. According to Spectral Edge, doing so typically introduces pixelation or distortions to a picture, but the start-up says it uses machine learning technology to eliminate these issues, producing usable photos. The method, according to Spectral Edge, substantially improves white balance accuracy — the “warmth” or “coolness” of colours — and lowlight performance. The company, which began life in a University of East Anglia research lab in 2014. According to the report by Bloomberg, a purchase price for Spectral Edge could not be ascertained and Apple didn’t respond to requests for comment. The U.S. company has opened offices in Cambridge, in recent years, to work on artificial intelligence for products such as Siri, their digital assistant. Last year, Spectral Edge raised more than $5 million in funding.
HealthEdge Completes Sale of Data Dimensions to Thompson Street Capital Partners
Tampa, Florida – 12th December 2019 - HealthEdge Investment Partners has announced that it has completed the sale of Fund II portfolio company Data Dimensions to Thompson Street Capital Partners. Based in Janesville, WI, with facilities in Iowa, Kentucky, and Florida, Data Dimensions offers outsourced business process automation services for clients in the P&C insurance, financial services and government industries, providing data and document management to many of the nation’s largest insurers, mail order pharmacies, manufacturers and government agencies. Data Dimensions’ CEO, Jon Boumstein, said: “HealthEdge’s expertise and operationally-oriented approach helped Data Dimensions identify and achieve important milestones in our growth over the past five years. We are thankful for the value-added and collaborative experience that we had with the principals at HealthEdge and are excited about our future expansion with Thompson Street.”
Summit Hosting Acquires Cloud Hosting Provider iNSYNQ
Atlanta, GA and Seattle, WA – 12th December 2019 - Summit Hosting, a managed application hosting company, has announced that it has completed the acquisition of iNSYNQ’s business assets, as another step in its strategic effort to take cloud computing and Desktop-as-a-Service (DaaS) to a new level. The transaction reinforces Summit Hosting’s position as one of the largest managed application hosting providers, with a comprehensive suite of cloud solutions for small to medium-sized businesses including QuickBooks, Sage and other managed business application hosting on dedicated servers. The addition of iNSYNQ’s business assets to Summit’s business means increased security, flexibility and stability for iNSYNQ customers. Stanley Kania, CEO of Summit Hosting, said: “We are thrilled to welcome iNSYNQ customers to the Summit Hosting family. Over the past 20 years, iNSYNQ has built an incredible business, empowering accounting professionals to do their jobs effectively. This transaction continues Summit’s rapid and strategic growth and expands Summit’s unmatched offerings for accounting professionals and SMBs looking for secure and reliable cloud solutions.”
Rubicon Project And Telaria Agree To Combine To Form Largest Independent Sell-Side Advertising Platform, Poised To Capture Growth In Connected TV
Los Angeles & New York – 12th December 2019 - Rubicon Project, global exchange for advertising, and Telaria, a software platform that optimizes yield for leading video publishers, have jointly announced that they have entered into a definitive agreement to combine in a stock-for-stock merger. The transaction, which has been unanimously approved by the Boards of Directors of both companies, will create the world’s largest independent sell-side advertising platform, poised to capture growth in CTV. Michael Barrett, President & CEO of Rubicon Project, said: “The combination of Rubicon Project and Telaria will establish the world’s largest, independent sell-side advertising platform with scale, capabilities and solutions unmatched by the competition. This transformative combination builds on our commitment to trust and transparency and accelerates our strategy to provide buyers and sellers with a single path to every format and channel including CTV..”