Microsoft Acquires Movere to Help Customers Unlock Cloud Innovation with Seamless Migration Tools
Bellvue, Washington – 4th September 2019 - Microsoft has acquired cloud-migration provider Movere, (formerly known as Unified Logic) for an undisclosed sum. Commenting on the acquisition in its blog post, Microsoft said that Movere will complement Microsoft's strategy to migrate existing applications and infrastructure to Azure. In addition, Movere’s discovery and assessment capabilities "will complement Azure Migrate and our integrated partner solutions, making migration an easier process for our customers," said Jeremy Winter, partner director of Azure Management, in the blog post. Movere officials describe the company as a software as a service (SaaS) platform "that increases business intelligence by accurately presenting entire IT environments within a single day, providing enterprises with the confidence they need to have visibility and control of their environments regardless of platform, application or geography as organizations grow, change and digitally optimize."
Next Gear Solutions Acquires Accurence
Oxford, Miss. – 5th September 2019 - Next Gear Solutions and Accurence have announced a deal to combine the two property insurance tech companies. Accurenc - provider of SettleAssist, QualityAssist, ScopeAssist and National Water Prime products - joins Next Gear and their software suite of DASH, MICA, LuxorCRM, and Moisture Mapper. This demonstrates both companies’ commitment to providing complete solutions for accurate property claims handling. It also reaffirms Next Gear’s position in water mitigation, as Accurence recently acquired the software division of National Water. Garret Gray, CEO of Next Gear Solutions, said: “This is an exciting moment for both companies. Jake Labrie co-founded Accurence, assembled a great team and built very innovative solutions for claims stakeholders over the years. We’re excited to join forces with him and his team to create the most dynamic, proficient and customer-focused team in the industry. One of our primary goals is to reduce the number of apps contractors have to learn by integrating these specialized systems into a simplified user experience. Contractors and carriers will see big things from this collaboration.”
OpenGov Acquires ViewPoint, Adds Permitting and Licensing
Boston - 5th September 2019 - Two days after announcing one of the biggest funding rounds of the year for a gov tech company, OpenGov says it has acquired ViewPoint, a Boston-based company, which makes software as a service for permitting, licensing and code enforcement. In a statement, ViewPoint CEO, Nasser Hajo, said: ““I co-founded this company with the idea that governments deserve cutting-edge technology,” said ViewPoint has since grown to become the cloud-based permitting and licensing market leader, stretching the boundaries of what’s possible to bring efficiency, transparency, and civic engagement to public agencies. OpenGov is the leading enterprise cloud software company in the GovTech sector, and we could not be more thrilled at the opportunity to join forces and continue building the technology that will power governments for decades to come.”
Commvault Acquires Hedvig to Accelerate its Strategic Vision
Tinton Falls, N.J. – 4th September 2019 – Commvault, a provider of software for the management of data across cloud and on-premises environments, has announced that it has entered into a definitive agreement to acquire software-defined storage (SDS) innovator, Hedvig, for total consideration of $225 million, which includes the purchase price and ongoing employee retention. “Multi cloud data management is a hard problem for customers to solve, and that translates to value. Commvault’s acquisition of Hedvig is an astute strategic move that allows Commvault to differentiate and enhance its offerings – which broadens its addressable market. We believe this increases the value Commvault can bring to these increasingly complex customer problems,” said Crawford Del Prete, President, IDC. “This acquisition demonstrates how Commvault is leading the way towards the intersection of storage and data management,” said Sanjay Mirchandani, Commvault CEO. “We believe joining Hedvig’s innovative software-defined storage capabilities with Commvault’s industry-leading data protection reduces fragmentation and leapfrogs other solutions in the market.”
Chegg to Acquire Online Skills-Based Learning Platform Thinkful for $80 Million
Santa Clara, California – 4th September 2019 - Chegg Inc. has announced today that it has entered into a definitive agreement to acquire Thinkful, an online learning platform that offers professional courses directly to students across America. 85% of Thinkful graduates get jobs in their field of study within six months of graduating their program. Commenting on the acquisition, Dan Rosensweig, CEO of Chegg, said: "With the anticipated addition of Thinkful to our platform, Chegg will continue to expand our offerings and make it easier for students to accelerate their path from learning to earning. Students are increasingly looking to improve their professional opportunities by learning the most relevant job skills, either while in school or soon after. Adding Thinkful courses to our suite of Chegg Learning Services will enable us to empower students to obtain in-demand, high-quality job skills, for the fastest-growing job categories, with affordable prices. Thinkful has achieved strong revenue growth of greater than 30% year-over-year because it has focused on going directly to students and helping them gain the most valuable skills for today's workforce."
TPG Acquires CollabNet VersionOne
San Francisco; Fort Worth, Texas; and Atlanta – 4th September 2019 - TPG Capital, the private equity platform of global alternative asset firm TPG, has announced it has signed a definitive agreement to acquire CollabNet VersionOne, a platform provider for Agile planning, DevOps and Value Stream Management (VSM), from Vector Capital. The transaction is subject to customary closing conditions. Terms of the acquisition were not disclosed. The investment marks the first step in a broader strategy in which TPG Capital will commit up to $500 million of equity capital to build a leading, integrated, enterprise-focused DevOps platform company. TPG Capital and CollabNet management will work together to accelerate the growth of the company’s existing portfolio, as well as aggressively pursuing acquisitions in strategic adjacencies that complement Agile planning and delivery, testing, release management and the emerging market for VSM.