Boss Insights - Tech M&A Round Up - 27th November 2020

Splunk to Acquire Network Performance Monitoring Leader Flowmill
San Francisco – 24th November 2020 –  Splunk Inc, provider of the Data-to-Everything Platform, has announced it has signed a definitive agreement to acquire Flowmill, a Palo-Alto based cloud network observability company with expertise in network performance monitoring (NPM). The acquisition is expected to close during Splunk’s fiscal fourth quarter. Splunk Chief Technology Officer, Tim Tully, commented: “Observability technology is rapidly increasing in both sophistication and ability to help organizations revolutionize how they monitor their infrastructure and applications. Flowmill’s innovative NPM solution provides real-time observability into network behavior and performance of distributed cloud applications, leveraging extended Berkeley Packet Filter (eBPF) technologies. We’re excited to bring Flowmill’s visionary NPM technology into our Observability Suite as Splunk continues to deliver best-in-class observability capabilities to our customers.”

Accenture to Acquire End-to-End Analytics
New York City -23rd November 2020 – Accenture has agreed to acquire End-to-End Analytics, a boutique analytics and data science consultancy based in Palo Alto, CA, with additional offices in Brazil. End-to-End Analytics brings a deep heritage in the high tech, retail, industrial, automotive and consumer goods industries, supported by a strong portfolio of assets and accelerators in the areas of supply chain, forecasting, trade promotion, pricing, marketing, and customer analytics. End-to-End Analytics will join Accenture’s Applied Intelligence practice, enhancing how the company serves clients across North and South America. Commenting, Global Lead for Accenture Applied Intelligence, Sanjeev Vohra, explained: “Over the past year, our focus on strategic acquisitions has enabled us to enhance how we serve clients in the analytics, data, and AI space. By adding End-to-End Analytics to Accenture Applied Intelligence, we look forward to scaling their unique approach to data science blended with our functional consulting practice to help our clients navigate the pace of change and gain more business value from their data and AI investments.”

Zywave Acquires Insurtech Frontrunner ITC
Milwaukee – 24th November 2020 – Insurance technology provider, Zywave, has announced the acquisition of Insurance Technologies Corporation (ITC), a leading provider of marketing, rating, and management software and services to the insurance industry. Together with Zywave’s existing portfolio of solutions, the acquisition solidifies Zywave’s position as the provider of solutions for carriers and independent insurance agencies to help them drive business efficiency and accelerate growth. Jason Liu, Chief Executive Officer of Zywave. Commented: “Zywave and ITC share the same goal - to provide the absolute best tech solutions to help insurance professionals succeed in the modern marketplace. With the combined offerings of our two companies, we are beyond excited to bring the most expansive and innovative tools to any agency selling any type of coverage – benefits, commercial or personal lines.”

CoStar Group Agrees to Acquire Digital Residential Real Estate Solutions Provider, Homesnap
Washington – 22nd November 2020 - CoStar Group, Inc, provider of commercial real estate information, analytics and online marketplaces, has announced it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash. Homesnap is an online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Explaining the deal rationale, CoStar Group founder and CEO, Andy Florance, said: “The acquisition of Homesnap will enable us to enter a new space and expand the total addressable markets in which we can compete,” said. “The estimated value of commercial real estate assets in the U.S. is $16 trillion. With the new addition of clients and information covering 90% of the estimated $27 trillion dollar U.S. residential real estate market we are almost tripling the size of our addressable markets. Over the past thirty years, CoStar has become the leading real estate technology platform by working in partnership with commercial real estate brokers to serve their needs for data, analytics and advertising exposure for their property listings. Similarly, Homesnap works in very close partnership with residential agents to serve their needs for data, analytics and advertising exposure for their property listings. We will continue to differentiate our residential real estate portal and solutions by working solely to help agents market their listings and their brands, which is in sharp contrast to other portals that increasingly advertise on top of agent listings and offer brokerage services directly.”

Vantage Data Centers Acquires Hypertec’s Hyperscale Data Center Business
Denver, USA and Montreal, Canada – 20th November 2020 - Vantage Data Centers, global provider of hyperscale data center campuses, has announced it has acquired the hyperscale data center business from Hypertec in Montreal. The transaction expands Vantage’s total footprint in the Province of Quebec to 81MW of IT capacity across three campuses. As a result of the acquisition, Vantage is ideally positioned to benefit from increasing customer demand in the Montreal market. “The acquisition of Hypertec enables Vantage to continue capitalizing on Montreal’s hyperscale growth given its access to scalable renewable energy, attractive power costs, tax incentives and robust fiber connectivity,” said Sureel Choksi, President and CEO, Vantage Data Centers. “Since entering the Canadian market in early 2019, Vantage has invested heavily in the region. We have been very impressed by the Hypertec data center team and are excited to welcome them to Vantage.”

ATP and Infosys Extend Digital Innovation Partnership
London, UK – 20th November 2020 - Infosys, a next-generation digital services and consulting company, and ATP, have announced the renewal of their highly successful partnership for a further three years. The agreement will see Infosys continue as Global Technology Services Partner and Digital Innovation Partner of the ATP, through 2023. As the technology partner of the ATP since 2015, Infosys has been instrumental in supporting ATP’s development of key digital assets and infrastructure, including ATP PlayerZone, ATP Stats Leaderboards, ATP Second Screen, and the ATP app. Through the extended partnership, Infosys will continue to develop and accelerate innovations in advanced technologies such as Artificial Intelligence, Data Analytics, and Cloud, leveraging its dedicated tennis platform to deliver diverse experiences for players, media, and fans across the world.

Access Announces Acquisition of Six U.S.-based Records and Information Management Companies
Woburn, Massachusetts – 18th November 2020 – Access, the world’s largest privately-held integrated information management services provider, has announced the completion of six US acquisitions, including Hansen Records Management (Milwaukee, Wisconsin); SafeGuard Destruction (Boston, Massachusetts); the records storage business of DataSafe, Inc. (Portland, Oregon); PRIMCO (Beaumont, Texas); Insight Storage Solutions (Minneapolis, MN); and the records storage business of Beverly Hills Transfer & Storage (Los Angeles, CA). With these acquisitions, Access significantly increases its share of the U.S. regional records and document storage markets while growing its customer base and expanding its service offerings and geographic reach. , Vice President of Corporate Development at Access, Jordan Peace, commented: “We continue to grow and expand geographically in 2020 and have completed six strategic acquisitions, despite the added challenges of this global pandemic. By broadening our presence in key cities including Milwaukee, Portland, Beaumont, Minneapolis, Los Angeles, and in our headquarters’ city of Boston, we are supporting our ongoing commitment to expand our services locally while managing information with the very best service worldwide.”

27 November 2020
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