emids Announces Investment from New Mountain Capital
Nashville, Tennessee – 26th September 2019 – emids, a company which provides digital engineering and transformation solutions to the healthcare industry, has announced it has partnered with New Mountain Capital, a growth-oriented investment firm with over $20 billion in assets under management. As part of the transaction, emids management and other select stakeholders will remain invested in the Company, while current investors Baird Capital and Council Capital are exiting. The investment by New Mountain sets the stage for the continued accelerating growth of emids as the healthcare industry’s preferred partner for digital transformation. emids founder and CEO, Saurabh Sinha, said: “Healthcare, as an industry, is just beginning to tap the true potential of data and advanced technology to improve the care lifecycle experience, and we are thrilled to have such a successful and like-minded investor as New Mountain join us on this next stage of our journey.”
STL acquires European Data Centre design and deployment Company
London, UK – 25th September 2019 - Sterlite Technologies Ltd, a global data network solutions company, has announced the acquisition of IDS Group, a data centre network infrastructure design and deployment specialist based in the United Kingdom. As part of the overall transaction structure, STL will acquire 100% stake in UK based Impact Data Solutions Limited (IDS) and its affiliate, together represented as IDS Group. The privately held IDS Group is a niche solution provider of design and deployment offerings for hyper scale data centres. These solutions are for cloud and colocation providers coupled with containment solutions for ‘inside’ data centres’ infrastructure requirements. IDS is a key partner to two of the top four global cloud companies for their data centre connectivity needs with one relationship extending continuously for the last ten years. The company has a pan European presence with a dedicated partner ecosystem for flawless execution. The acquisition solidifies STL’s position in the cloud and data centre market and brings access to two of the top global cloud providers into its customer pool. This acquisition brings STL one step closer towards its journey of expanding its addressable market to $75Bn by 2023.
Acquia Announces Majority Investment from Vista Equity Partners
Boston – 24th September 2019 – Open digital experience company Acquia has announced it has signed a definitive agreement to receive a majority investment from Vista Equity Partners, an investment firm focused on enterprise software, data and technology-enabled businesses. The partnership with Vista will provide operational expertise to help accelerate Acquia’s growth trajectory as the company continues to scale. Several of Acquia’s existing investors will retain a stake in the Company. This news follows Acquia’s recent strategic acquisitions of Mautic and Cohesion which have expanded the Company’s offerings to customers. It will enable Acquia to grow its presence in the digital experience platform (DXP) market as it continues to innovate and serve the world’s most ambitious brands. Acquia currently serves more than 30 companies in the Fortune 100. With Vista’s backing, Acquia will maximize recent investments to take on legacy DXP providers and capture new market share. Vista’s portfolio of more than 60 companies and more than 70,000 employees, combined with its operational expertise, provides Acquia access to a vast community of resources, peers, and practice experts who can help to grow and advance Acquia even more.
Facebook Acquires Mind-Reading Tech Start-Up, CTRL-Labs
23rd September 2019 - Facebook is acquiring the maker of an electronic wristband that it says will allow people to share photos on its social network, click a button on their computer's mouse and perform other computing tasks simply by thinking about it. Facebook said it planned to acquire CTRL-Labs, a 4-year-old start-up, considered a pioneer in the emerging field of "brain computing," for an undisclosed sum. A report in Bloomberg, citing anonymous sources, said Facebook paid $500 million to $1 billion for the company. Facebook executive, Andrew Bosworth, wrote in a blog post announcing the deal, "We spend a lot of time trying to get our technology to do what we want, rather than enjoying the people around us. We know there are more natural, intuitive ways to interact with devices and technology. And we want to build them. It's why we've agreed to acquire CTRL-labs. They will be joining our Facebook Reality Labs team where we hope to build this kind of technology, at scale, and get it into consumer products faster," Andrew Bosworth, Facebook's VP of virtual and augmented reality, wrote in a blog post.
Amazon buys cloud startup INLT to help merchants import goods
Seattle – 25th September 2019 - Amazon.com Inc has bought technology startup INLT for an undisclosed amount, the company has told Reuters, in a transaction that will help merchants on its online marketplace more easily import goods into the United States. The firm, with around a dozen employees based in Los Angeles and Philadelphia, makes software for sellers to manage costs and customs clearance of cross-border shipments. Seattle-based Amazon said it will offer INLT’s cloud-based computing technology to its merchants. “INLT is a smart, nimble team that is helping companies simplify and lower the cost of importing goods into the U.S.,” an Amazon spokeswoman said in a statement. “We’re excited to work with them to develop the next generation of solutions for their customers and Amazon selling partners.” Amazon is looking to expand the services it offers merchants to add tools for complicated cross-border sales processes, which sellers largely needed to manage on their own.
MatchMove acquires strategic stake in local digital lender, MoolahSense, to power SME lending
23rd September 2019 - MatchMove, the award winning ‘Bank-As-A-Service’ platform has closed an agreement with licensed P2P lender, MoolahSense, to acquire a strategic stake with immediate effect. MoolahSense is one of the leading data-driven peer-to-peer lending platforms focused on SME lending, and operates under a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This acquisition will enable MatchMove to further strengthen its Spend.Send.Lend™ capability and provide access to financing to SMEs within its ecosystem. Consequently, MoolahSense will be able to leverage MatchMove’s integrated regional partner network to tap new segments and extend its capability to fund creditworthy SMEs across Asia. Access to credit remains a key challenge for SMEs today across the region. While SMEs remain the backbone of the economy, many struggle to achieve scale and optimization, primarily due to lack of credit and funding options from larger, established lenders such as banks. This strategic combination of MatchMove and MoolahSense will directly address this fundamental market demand and facilitate SME development using digital methods of credit evaluation and capital distribution.
Alibaba Group Receives 33% Equity Interest in Ant Financial
Hangzhou, China -24th September 2019 – Alibaba Group Holding Limited and Ant Small and Micro Financial Services Group Co., Ltd. have announced that Alibaba Group has received a newly-issued 33% equity interest in Ant Financial following the satisfaction of the closing conditions set forth in the 2014 transaction agreements and the relevant amendments to those agreements. Upon closing of the issuance, the profit-sharing arrangement under which Ant Financial previously paid fees amounting to 37.5% of its pre-tax profits to Alibaba Group was terminated.
DDN Announces Acquisition of Intelliflash Enterprise Storage Business Unit From Western Digital
Santa Clara, California – 19th September 2019 - DDN®, an AI and multi-cloud data management company, has announced that it has entered into a strategic partnership with Western Digital Corp. that includes an agreement to acquire Western Digital’s IntelliFlashTM business. Additionally, the companies will expand their existing relationship through a mutual global strategic sourcing agreement. DDN and Western Digital are committed to executing a smooth transition for customers and key stakeholders. DDN is the world’s largest privately held storage company. As organizations look for increasingly easy to use, robust and highly scalable data management solutions for flexible deployment in multi-cloud environments, the DDN family of technology brands delivers faster insight into and maximum value from their complex, distributed data, with products and services are ideally suited for emerging and demanding AI, IOT, multicloud, Big Data, streaming and mixed workloads at scale.
HP Acquires Bromium
Palo Alto, California – 19th September 2019 - HP Inc. has announced the acquisition of Bromium, an end point security start-up. Bromium protects enterprises by using virtualization-based security to isolate browser-based attacks, malicious downloads, email attachments and other applications in unique, hardware-enforced micro-virtual machines. Bromium technology complements and enhances HP’s existing security platform with hardware enforced application isolation and containment to protect against advanced attacks while providing real-time threat intelligence. As customers increasingly look for new ways to create, consume and collaborate on their devices, they are also looking for security and privacy. “Security is a key competitive differentiator for HP, providing the most secure PCs and printers on the market,” said Andy Rhodes, GM and Global Head of Commercial Systems at HP. “The acquisition of Bromium extends our investments, leadership and focus in this space and securing end point devices that are on the front lines of defense against cyber security attacks.”