Roche acquires Stratos Genomics to further develop DNA based sequencing for diagnostic use
Basel, Switzerland – 22nd May 2020 - Roche has announced that it has acquired Stratos Genomics, an early-stage sequencing technology company to advance the development of Roche’s nanopore sequencer. The acquisition provides Roche access to Stratos Genomics unique chemistry, Sequencing by Expansion. The Roche nanopore sequencer, once developed, will utilise a novel approach that combines electronic and biological components to sequence DNA for fast, flexible and cost-effective clinical diagnostic testing. CEO Roche Diagnostics, Thomas Schinecker, said: “Roche is dedicated to creating innovative diagnostics for the most challenging clinical conditions with techniques that are tailored to individual genetic and disease profiles. These solutions address the demands of research and clinical practice to deliver on the promise of personalised healthcare for patients. We look forward to further advancing our sequencing technology as we move to the next generation of healthcare and welcome the world-class scientists and employees from Stratos Genomics to Roche.”
Microsoft acquires Softomotive to accelerate and expand its Robotic Process Automation capabilities
London, UK – 19th May 2020 - Softomotive has announced that Microsoft is to acquire the robotic-process automation company. The technology will complement Microsoft’s existing RPA offering, Power Automate, which is part of its Power Platform portfolio of tools. Power Platform represents a growth opportunity for Microsoft, beyond their more mature products such as Office, Windows and Microsoft’s cloud business, Azure. In a statement, Co-Founder & CEO, Softomotive Ltd, Marios Stavropoulos, said: “The truly inspiring thing is that today is only one milestone, and there are many others to look forward to as we continue to deliver one of the best technical and most usable RPA/RDA solutions in the market…As part of Microsoft, we will usher in the next phase of RPA with a true end-to-end, agile offering together. We’ve come a long way from our roots and are now ready to deliver a new RPA vision to our customers!”
Smarsh Acquires Entreda, Leader in Cybersecurity Risk and Compliance Software for Wealth Management Industry
Portland, Oregon & Santa Clara, California – 21st May 2020 – Smarsh® has announced the acquisition of Entreda, award-winning developer of integrated cybersecurity risk and compliance management software and services for the wealth management market. Entreda will continue to operate under its own brand and under the leadership of Co-Founder and CEO, Sid Yenamandra, as a stand-alone, wholly owned subsidiary of Smarsh. Brian Cramer, CEO at Smarsh, said: “In the past few months, more and more companies have asked for our help in addressing the regulatory, compliance and cybersecurity risks associated with the move to long-term remote-work models and the expanded use of mobile and collaborative communications technology, such as Microsoft Teams, Slack and Zoom. They are seeking smarter integrations, highly responsive service and support, as well as enterprise-level solutions that assist in the capture and supervision of these additional platforms. With the acquisition, Smarsh can now offer our customers cutting-edge device, network and user level cybersecurity risk and compliance management capabilities.”
Prometheus Group Announces Acquisition of VIZIYA From Quarterhill Inc.
Raleigh, N.C. – 19th May 2020 - Prometheus Group, a global provider of asset management operations and optimization software, has announced that is has acquired VIZIYA, a developer of enterprise asset management software, from Quarterhill Inc. VIZIYA designs and develops bolt-on software products for its marquee customer base to enhance enterprise resource planning-based asset maintenance systems. Eric Huang, Founder and Chief Executive Officer of Prometheus, said, "The addition of VIZIYA will enable Prometheus to extend our global reach and customer universe. VIZIYA's expertise in the Oracle and Infor ecosystems will allow us to branch into new and exciting territory and even further diversify our customer composition. Prometheus looks forward to working with VIZIYA's strong management team to conquer the asset management space."
Perseus Acquires TUNE
Seattle, WA, May 20, 2020 - Seattle-based partner marketing platform, TUNE, was acquired into the Perseus operating group of Constellation Software. This acquisition marks the second move into partner and affiliate marketing technology by Perseus, following its 2019 acquisition of the CAKE Software business. Commenting, Peter Hamilton of TUNE, said: “Marketers are spending more on performance-based partnerships than ever before, and Perseus’ acquisition of TUNE represents its second investment into that growth. Our vision is to bring together the best technology solutions for our customers. It is an inspiration to see TUNE become part of a long term, sustainable business, and we are excited to map out some of the advantages our customers will gain with TUNE and CAKE as sister companies. We have so much to learn from each other and such solid foundations to build from.”
Constellation Software Inc. Reaches Agreement to combine its TSS Operating Group With Topicus.com to form a new Operating Group
Toronto, Canada – 20th May 2020 - Constellation Software Inc. has announced that, through its TSS operating group and its subsidiary TPCS Holding B.V., it has entered into a binding agreement with IJssel B.V. to purchase 100% of the shares of Topicus.com BV, a Netherlands-based diversified vertical market software provider. On completion of the transaction, TSS and Topicus will operate together under the operating group name “Topicus.com”. Under the guidance of Constellation, Topicus.com intends to explore opportunities for a future public listing of its shares. Pursuant to such listing, it is anticipated that Constellation would remain a significant shareholder of Topicus.com, and that the current Constellation shareholders would be entitled to receive, pro rata and via dividend, common shares in Topicus.com.
Dedagroup Stealth acquires Zedonk
Milan, Italy – 13th May 2020 - Dedagroup Stealth, the tech company behind more than 60% of Italy’s best-known global fashion brands, has acquired Zedonk, the company relied on by more than 650 small fashion businesses. Until now, smaller brands and start-ups had no access to a single, integrated solution for managing the entire product life cycle, from initial design and production, right through to multichannel distribution in retail, wholesale, marketplaces and social commerce channels, and in addition they had no access to an Enterprise Resource Planning (ERP) technology to support rapid international growth. The acquisition of Zedonk by Dedagroup Stealth fills this market gap. Commenting on the deal, Mimmo Solida, CEO of Dedagroup Stealth, said: “For too long, many brands have struggled to find an integrated solution that helps them manage their entire supply chain. It has long been our ambition to find a partner that can support designers, small brands and fashion start-ups as they grow, with a range of solutions that support business critical focuses of fashion retailers, from supply chain to sales, that allow for internationalisation. This acquisition will bring new value to the market and, at the same time, will strongly support our expansion strategy geographically and as a business, whilst completing our product portfolio to support fashion brands from entrepreneurial start-ups to enterprise players.”
Zoom Acquires Keybase – Adds Enterprise End-to-End Encryption Expertise
7th May 2020 - Zoom has announced it has acquired Keybase, a startup with encryption expertise. Keybase, has been building encryption products for several years, including secure file sharing and collaboration tools and will meet Zoom’s security needs as it encounters huge demand due to the pandemic. The company has faced a number of security issues over the last couple of months as demand soared exposing security weaknesses in the platform. Having a team of encryption experts now on the payroll, should help the company build a more secure product. In a blog post announcing the deal, CEO, Eric Yuan said the company had acquired Keybase to give customers higher levels of security – of paramount importance to enterprise customers relying on the platform and those now working from home during the pandemic. He said: “This acquisition marks a key step for Zoom as we attempt to accomplish the creation of a truly private video communications platform that can scale to hundreds of millions of participants, while also having the flexibility to support Zoom’s wide variety of uses.” Terms of the deal were not disclosed.
Franklin Templeton Acquires Digital Wealth Leader AdvisorEngine
San Mateo, CA & New York, NY – 6th May 6, 2020 – Franklin Resources, Inc, a global investment management organization operating as Franklin Templeton, has announced that it has acquired AdvisorEngine Inc., a digital wealth platform and provider of technology and consulting services to more than 1,200 financial advisory firms in the United States that manage over $600 billion in assets. The transaction brings compelling benefits to both companies and the firms they serve across wealth management channels, including registered investment advisors (RIAs), broker dealers, banks and insurance companies. Jenny Johnson, President and CEO of Franklin Templeton, said: “We’re in the midst of the fourth industrial revolution, and technological advances are reshaping how financial solutions are delivered. As a result, we continue to invest in technology and teams to enhance our offerings and enable us to innovate at the nexus of asset management, wealth management and technology. I’m excited to welcome the AdvisorEngine team to Franklin Templeton and look forward to what we will achieve together.”