Fitbit to Be Acquired by Google for $2.1 billion
San Francisco – 1st November 2019 - Fitbit, Inc. has announced that it has entered into a definitive agreement to be acquired by Google LLC for $7.35 per share in cash, valuing the company at a fully diluted equity value of approximately $2.1 billion. James Park, co-founder and CEO of Fitbit, said: “More than 12 years ago, we set an audacious company vision – to make everyone in the world healthier. Today, I’m incredibly proud of what we’ve achieved towards reaching that goal. We have built a trusted brand that supports more than 28 million active users around the globe who rely on our products to live a healthier, more active life. Google is an ideal partner to advance our mission. With Google’s resources and global platform, Fitbit will be able to accelerate innovation in the wearables category, scale faster, and make health even more accessible to everyone. I could not be more excited for what lies ahead.” Rick Osterloh, Senior Vice President, Devices & Services at Google, said: "Fitbit has been a true pioneer in the industry and has created terrific products, experiences and a vibrant community of users. We're looking forward to working with the incredible talent at Fitbit, and bringing together the best hardware, software and AI, to build wearables to help even more people around the world."
Seller Labs Acquires X-Cart
Athens, Georgia – 31st October 2019 - Seller Labs software and services provider for Amazon sellers and brands, has announced that it has acquired X-Cart, a software and services company that provides eCommerce solutions to major online retailers. The acquisition establishes a more comprehensive portfolio of solutions for sellers and brands that can enable growth across the rapidly-growing list of marketplaces, eCommerce sites, and channels available. Hank Harris, CEO of Seller Labs, said, "Since 2013, we've enjoyed being the market-leading provider for software and services to sellers on the Amazon marketplace. Brands are expanding their businesses into additional channels allowing them to reach their current and potential customers where they shop, and we intend to support our customers in this channel expansion. We're excited to bring the X-Cart team aboard, as their expertise and solutions will enable us to better support our customers across these channels, marketplaces, and eCommerce sites on which they sell."
Tyler Technologies Acquires Courthouse Technologies
Plano, Texas - 31st October 2019 - Tyler Technologies Inc. has announced it has acquired Courthouse Technologies (CHT), provider of jury management systems. CHT will complement and elevate Tyler's software offerings for domestic and international court clients."The acquisition of Courthouse Technologies strengthens Tyler's courts and justice portfolio to better serve our clients and their communities," said Lynn Moore, President and Chief Executive Officer of Tyler. "In our view, CHT is the strongest solution for jury management in the market, and we look forward to enabling courts to make their jury operations more efficient." Founded in 2005, CHT was the first company to develop a commercial-off-the-shelf web application for jury management. Today, it offers the industry's only fully integrated, end-to-end software-as-a-service (SaaS) solution to manage all facets of juror management from source list generation to juror processing and payment. The turnkey solution helps courts meet specific requirements and jury goals including optimizing workflow efficiencies, increasing juror yield, improving juror experience, and generating tangible cost savings.
ScanSTAT Expands Service Offerings with the Acquisition of DocFile Systems
Alpharetta, Goorgia – 30th October 2019 - ScanSTAT Technologies, a release of information company, has announced the acquisition of medical document filing and order management service company, DocFile Systems. ScanSTAT provides outsourced release-of-information (ROI) services for more than 1,500 healthcare partners across the country. The merger will expand the ScanSTAT service portfolio to include medical document filing and order management support for the health information management community. "Leveraging ScanSTAT's expertise, and Client Services and Sales team to provide a complementary service to our existing customers is the perfect evolution of our service line. This additional service furthers our goal of improving overall efficiencies for health information management," states Matt Rohs, President of ScanSTAT.
ConnectWise Redefines Business Automation for Technology Solution Providers with Acquisitions of Continuum and ITBoost
Tampa, Florida – 30th October 2019 - ConnectWise, a provider of business automation software for technology solution providers (TSPs), has announced the acquisitions of Continuum and ITBoost, as well as a strategic partnership with Webinfinity. Together, these moves put more problem-solving resources, tools for efficiency, and fuel for growth in the hands of partners while transforming ConnectWise into a technology and services platform for the entire technology channel – from vendors to distributors to TSPs and their customers. In addition, the company announced it is launching a security initiative calling for the entire industry to fight back against cyber security threats. “Over the last 15 years ConnectWise has become the leading provider of technology solutions and services to MSPs. Now, by executing on these deals, we will be able to expand our scope and capabilities to assist the broader community of TSPs in all facets of their business,” said Jason Magee, CEO, ConnectWise. “This is a revolutionary play, making ConnectWise the epicenter for everything from business management and documentation to service delivery and operations management, while also making it much easier and more efficient for partners to work with the technology suppliers they have in their stacks.”
Tech Data Announces Agreement To Acquire DLT Solutions
Clearwater, Florida – 30th October 2019 - Tech Data has announced it has entered into an agreement to acquire DLT Solutions, a premier software and cloud solutions aggregator focused on the U.S. public sector. Upon closing of the transaction, DLT will become a wholly owned subsidiary of Tech Data. The acquisition is subject to customary regulatory approvals and is expected to close during Tech Data’s fourth fiscal quarter. Rich Hume, Chief Executive Officer at Tech Data, said: "This acquisition reflects our strategy of delivering higher value – strengthening our end-to-end portfolio and accelerating our capabilities in next-generation technologies – and we look forward to welcoming DLT’s colleagues to Tech Data. The addition also demonstrates how our portfolio optimization actions are freeing up capital, which is enabling us to invest in high-quality growth opportunities that advance our strategy and provide higher-value solution offerings to our partners.”
Enterprise Tech Startup Whatfix Acquires AI Platform Airim
Bengaluru & San Jose – 30th October 2019 - Enterprise tech startup, Whatfix, has announced that it has acquired Airim, a tech company that provides AI-powered personalisation engine for users and customers. In a press statement, Whatfix stated that it will become the industry’s first digital adoption solution (DAS) provider to offer autonomous personalisation solutions. Analytics tools provided by DAS vendors enable sales operations to understand how sellers engage with the system. The digital adoption solution analyses clickstreams, how long a step takes and where users get stuck or abandon the process completely and more, as stated in a Gartner report. Through this acquisition, Whatfix is said to help companies enable faster user application onboarding, learning in the flow of work and self-help that increases user productivity. And with the combined partnership with Airim’s AI-powered personalised engine, Whatfix users now can expect in-app guidance at their point of need. Airim’s proprietary AI algorithm is said to be built upon millions of user actions.
Carl Data Acquires I4c Innovation To Build Global Industry 4.O Capacity And Network
Vancouver, British Columbia - 29th October 2019 - Carl Data Solutions Inc, is pleased to announce its acquisition of i4C Innovation Inc. (i4C), an Industry 4.0 technology integrator with a global reach into a variety of industries including mining, oil and gas, and agriculture. The acquisition includes all current software and hardware technology contracts in addition to any projects under negotiation. To acquire 100% of the outstanding shares of i4C, Carl Data issued 500,000 common shares pursuant to a share exchange agreement (the “Share Agreement”). Also, pursuant to the Share Agreement, Carl immediately issued 210,000 common shares to settle a total of $42,000 owing by i4C and Astra Smart Systems Corp., another wholly owned subsidiary of Carl Data, to a creditor. “i4C will play a key role in expanding into our target verticals, in particular oil and gas,” said Greg Johnston, Carl Data CEO and President. “Through this acquisition we not only gain the existing revenue, contracts and production space from i4c but also their extensive network of partners and sales opportunities.”
Digital Realty to Acquire Interxion for $8.4 Billion
San Francisco and Amsterdam – 29th October 2019- D igital Realty and Interxion announced have they have entered into a definitive agreement to combine their businesses to create a global provider of data center, colocation and interconnection solutions. Under the terms of the agreement, Interxion shareholders will receive a fixed exchange ratio of 0.7067 Digital Realty shares per Interxion share. The transaction values Interxion at approximately $93.48 per ordinary share or approximately $8.4 billion of total enterprise value, including assumed net debt.1. Completion of the transaction is subject to customary closing conditions, including approval by shareholders of Interxion and shareholders of Digital Realty.
PTC Completes Acquisition of Onshape
Boston – 1st November 2019 – PTC has announced it has completed its acquisition of Onshape, developer of the Onshape® Software as a Service (SaaS) product development platform that unites robust computer aided design (CAD) software with powerful data management and collaboration tools. The acquisition positions PTC to capitalize on the inevitable industry transition to SaaS. Jim Heppelmann, President and CEO, PTC, said: “We expect our acquisition of Onshape will enhance the momentum we’re seeing with our Creo® and Windchill® products. We now have the full portfolio to meet customers wherever they are, be it on-premises or with a full SaaS model in the cloud.