Thoma Bravo to Buy Instructure for $2 Billion
Salt Lake City – 4th December 2019 - Canvas has the largest market share in the U.S. when it comes to the LMS software that serves as the virtual classroom, online gradebook and other functions used in just about every college course these days. The company says its tools are used by more than 30 million people across the education and corporate learning markets. Instructure is currently a public company, and its leaders say a move to private ownership will allow it to invest more in its software and potentially make more acquisitions. “We as a management team have spent a lot of time this year working on a plan for Instructure to double down on education, to continue the progress with the successes of Canvas LMS and investing in our current customer base,” said Dan Goldsmith, Instructure’s CEO, in an interview with EdSurge. He added that under Thoma Bravo he expects “really enhancing and amplifying that plan.”
Uberflip Acquires SnapApp to Improve Lead Qualification for the Demand Marketer
Toronto – 3rd December 2019 - Uberflip, a cloud-based content experience platform (CEP), has announced the company’s acquisition of SnapApp, a solution that helps marketers deliver the leads sales wants. Through this acquisition, Uberflip has grown its headcount to 150 and further bolstered capabilities for demand marketers within its CEP by providing more insights on how to automate personalized content at-scale. The office in Boston will create a new home for Uberflip, a Toronto-based company, as it continues to expand to service a global list of enterprise customers. “Every go-to-market strategy that a marketer uses, regardless of channel (email, paid advertisements, social, direct mail or other) leads to a destination which is content based. The opportunity is for marketers to accelerate their buyer’s engagement through their journey by delivering a personalized content experience, ” said Yoav Schwartz, CEO and co-founder of Uberflip. “Content makes the biggest impact on a buyer when it’s personal. Bringing SnapApp’s team and capabilities onboard will enable Uberflip to improve lead qualifications for demand marketers by providing additional insights to automate more personalized content experiences.”
Prometheus Group Acquires Maintenance Software Provider Roser ConSys
Raleigh, NC – 2nd December 2019 - Prometheus Group, a global provider of asset management operations and optimization software, has announced the acquisition of Roser ConSys, a provider of innovative plant shutdown, turnaround, and outages (STO) software. Plant STOs are essential, complex, high-risk events that require precision planning and execution. Roser ConSys has built a suite of specialized software and mobile applications for managing these critical events and the acquisition will enhance Prometheus Group's range of software and services to assist customers in dealing with STOs by providing increased visibility and operational efficiency. Roser ConSys works with customers in the oil, gas, and energy sectors, and its software suite will be integrated into the Prometheus software platform. The acquisition will further increase the company's scale in Europe. Eric Huang, CEO, Prometheus Group, said, "I'm thrilled to bring such an incredibly talented team into our company. Roser ConSys’ dedicated shutdown, turnaround, and outages expertise enable us to provide customers with an integrated suite of software and applications dedicated to ensuring that these critical events are handled safely and efficiently with minimal downtime."
Check Point Acquires Protego, Extends Leadership in Cloud Security
San Carlos, California - 2nd December 2019 - Check Point® Software Technologies Ltd, global provider of cyber security solutions, has acquired a pioneering serverless technology company, expanding its CloudGuard platform and Infinity architecture to protect cloud workloads from 6th Gen Cyber Attacks. Check Point has announced a new Serverless security technology and is first to market with a consolidated security solution for cloud workload protection (CWPP) and security posture management (CSPM), delivering continuous serverless security with unmatched run time protection and application hardening. Protego, an Israeli startup, provides a serverless security technology that prevents malicious attacks on serverless functions in run time, and prevents vulnerable code from being deployed into production. Check Point will be integrating innovative serverless security technology into its Infinity architecture, the market leading consolidated security solution to support Networks, Mobile, Endpoint, IoT and Cloud environments. The rapid adoption of serverless computing technologies such as AWS Lambda, is challenging existing cloud and application security paradigms. The move to cloud native applications, bears many inherent vulnerabilities and potential misconfigurations that require extending security solution to protect functions and code.
Tech Data Completes Acquisition of DLT Solutions
Clearwater, Forida - Tech Data has announced it has completed its acquisition of DLT Solutions, a premier software and cloud solutions aggregator focused on the U.S. public sector. DLT Solutions is now a wholly owned subsidiary of Tech Data and complements the company’s existing public sector business with additional expertise and resources to accelerate growth and streamline existing complexities for channel partners serving the U.S. public sector space. “We are excited to welcome DLT Solutions to Tech Data and are confident that this acquisition will provide higher-value solution offerings to our partners, helping them to build their businesses while advancing our strategy and footprint in the U.S. public sector marketplace,” said Joe Quaglia, president, Americas, Tech Data. “With this transaction now complete, Tech Data will be able to provide an even greater level of sales enablement and proactive opportunity development for our channel partners.” Through the combination of Tech Data and DLT Solutions, channel partners will have access to a broader portfolio of leading technologies, an extensive array of in-house public sector contract vehicles, and dedicated channel and enablement services.
Panasonic Sells its Chip Unit to Taiwan's Nuvoton for $250 million
Osaka, Japan – 28th November 2019 - Panasonic Corp has announced it will sell its loss-making semiconductor unit to Taiwan’s Nuvoton Technology Corp for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers. The sale is part of Panasonic’s bid to cut fixed costs by 100 billion yen ($920 million) by the year ending in March 2022 by overhauling loss-making businesses and consolidating production sites. Panasonic has already divested most of its chip business and has shut down or shifted its manufacturing facilities to its joint venture (JV) with Israel’s Tower Semiconductor. Earlier this month, Panasonic sold part of its power management chip business to Japan’s Rohm Co. The latest deal includes the sale of the entire JV, which operates three Japanese chipmaking facilities and is owned 51% by Tower and 49% by the Panasonic chip unit. Panasonic said the sale will not have any significant impact on its earnings. Nuvoton said in a statement the all-cash transaction was expected to close by June 2020, and would “increase Nuvoton’s presence in the global semiconductor industry through greater scale and volume of semiconductor solutions”.
Securian Financial Acquires Empyrean Benefit Solutions
St. Paul, Minnesota - 25th November 2019 - Securian Financial Group, Inc., has announced it has signed a definitive agreement to acquire Empyrean Benefit Solutions, Inc., a company with a platform for employee benefits enrollment and human resources administration, which improves the benefits administration experience for employers and their employees. Empyrean, which will remain an independently operated organization, delivers a single platform for all benefits administration, enrollment, education and communication. Its technology integrates insurance carriers with payroll systems and other third-party administrators, helping employees understand their benefits, appreciate their value and make smarter coverage and utilization decisions. “This transaction underscores our commitment to creating exceptional experiences for employers and their employees,” said Chris Hilger, Securian Financial’s chairman, President and CEO. “It is a significant strategic investment that complements Securian Financial’s broad lineup of innovative employee benefits solutions and opens new growth opportunities for both our customers and us.”
UK Digital Transformation Consultancy, Kin+Carta, Acquires US Spire Digital for $14.8 million
London, UK - 22nd November 2019 – In a blog post, founder & CEOS at Spire Digital, Mike Gellman, announced that, “After 21 years of growing Spire Digital into one of the most incredible organizations in the software industry, we’ve been acquired. Yes – the inconceivable has been conceived and acted upon, and we couldn’t be happier!” Spire is now a wholly-owned subsidiary of Kin+Carta, a 1500 person global digital transformation consultancy, headquartered in London, with offices in Chicago, New York, San Francisco, Buenos Aires and Singapore. In the announcement, Gellman paid tribute to Kin+Carta’s “charm, good looks, and a commitment to all of the same principles that have gotten us where we are today.“ He continued, “It honestly is the company that we would build if we had the resources and reach (and smart fashion sense) necessary to scale Spire on an international level. This union offers our clients and employees more of everything they love about Spire. It gives us the opportunity to do things that we’d never be able to do on our own. And, it allows us to spread our influence far beyond the footprint we have here in the Western US.”
Geotab’s Continues Global Expansion with Acquisition of Intendia
Toronto, Ontario – 20th November 2019 - Geotab, a global IoT and connected transportation company, has announced the acquisition of Intendia, a Spanish engineering firm, specializing in integrated technology solutions for the heavy-truck market in Europe. Poised to help strengthen Geotab’s global presence, the acquisition will add to Geotab’s strong engineering capabilities and bring complementary technology into the company’s award-winning product-portfolio. Recently ranking for the eighth time on Deloitte’s list of the fastest growing technology companies in North America, Geotab continues to experience unprecedented growth, touting an average 40% growth rate year-over-year for the past three years. Focused on key areas such as electrification, mobility and data, the company is continuing to affirm its commitment to its current and future customers through strategic business decisions with local and global benefits. Headquartered in Madrid, where Geotab’s largest European office is also located, Intendia’s lean and highly capable team has specialized in providing an integrated technology solution to customers across the UK, Spain, Italy, Germany, France, Sweden and Portugal for nearly 10 years.
TrustArc Acquires Nymity to Reimagine Privacy
San Francisco – 19th November 2019 - TrustArc Inc and Toronto-based Nymity, Inc., two experienced global privacy technology providers, are combining forces through TrustArc’s acquisition of Nymity. Together, the organizations will accelerate the development of the next generation of technology-driven privacy solutions. The combination of industry expertise and intelligent technology represents the ideal approach to meeting growing data privacy requirements driven by escalating public expectations and regulations around the world. With its acquisition of Nymity, TrustArc is further establishing Canada as a key development center, with operations now in Toronto and Vancouver. The companies are also combining their operations in Europe to increase support for organizations that must manage their compliance with GDPR, as well as complex regional and cross-border obligations. Chris Babel, CEO, TrustArc, said: "With our unrivalled privacy experience, TrustArc and Nymity will deliver the next generation of solutions that empower privacy, security, IT, legal, and business teams to efficiently drive insights, operationalize compliance, manage risk, and demonstrate accountability. Our vision in merging is to deliver fresh, novel approaches to enable organizations of any size, sector, or region to effectively 'unleash their data' to drive value for customers, employees and shareholders."
Medius acquires Wax Digital
Stockholm, Sweden and Manchester, United Kingdom -19th November 2019 - Medius, a cloud-based accounts payable automation company, has announced that it has acquired Wax Digital, an industry-leading procurement solutions provider headquartered in the UK. From sourcing and contracting with suppliers to placing orders, as well as matching, processing and paying invoices, the acquisition of Wax transforms Medius from an accounts payable-focused solution into a comprehensive product suite with full source-to-pay (S2P) capabilities. The combined company will allow current and future customers to generate increased automation, visibility and control across the entire purchasing process. Both companies bring extensive experience and expertise in their respective areas, with native solutions built-out for the cloud with state-of-the-art technology, and easy, plug-and-play integrations into a range of ERP solutions. Together, Medius and Wax Digital will provide both purchasing and finance functions a unified solution for complete control of costs, cash and compliance. “The decision to join forces with Wax underscores Medius’ commitment to supporting our customers’ eProcurement needs,” said Per Åkerberg, CEO of Medius. “We firmly believe Wax strengthens our product capabilities and provides a unique suite of solutions to continue to accelerate our growth globally.”
ServiceNow to Acquire Fairchild Resiliency Systems
Boston, Massachusetts – November 2019 - ServiceNow has announced that it has signed an agreement to acquire Boston-based business continuity platform provider and MSP (managed IT services provider) Fairchild Resiliency Systems. Fairchild is currently a ServiceNow Independent Software Vendor (ISV) partner. The acquisition is expected to be completed by the end of the year. With the acquisition, ServiceNow states plans to extend its Risk portfolio by bringing together Fairchild’s business continuity capabilities with its own operational, vendor, and IT risk management capabilities. In a prepared statement, the company announced: “With Fairchild, ServiceNow plans to extend its Risk portfolio by bringing together Fairchild’s business continuity capabilities with ServiceNow’s operational, vendor and IT risk management capabilities to give organizations the visibility and flexibility they need to better manage risk and become more resilient.” The Fairchild deal comes on the heels of ServiceNow’s hiring of new CEO Bill McDermott, the former top executive at giant enterprise software vendor SAP.