Alliance Data Signs Definitive Agreement to Acquire Bread®
Columbus, Ohio – 29th October 2020 - Provider of data-driven marketing, loyalty and payment solutions, Alliance Data Systems Corporation, has announced it has signed a definitive agreement to acquire Bread, a technology-driven digital payments company offering an omnichannel solution for retailers and platform capabilities to bank partners. The transaction is valued at estimated consideration of $450 million, of which approximately $100 million is Alliance Data common stock. Subject to regulatory approval and customary closing conditions, the transaction is anticipated to close in Q4 2020 and expected to be accretive by no later than year three. The point-of-sale technologies provided by Bread, which include popular instalment and ‘buy now, pay later’ solutions, have a proven record of driving growth for its clients. The addition of Bread's technology platform expands Alliance Data's payment offering to include pay-over-time products, expected to be available for Alliance Data brand partners soon. President and Chief Executive Officer, Alliance Data, Ralph Andretta, commented: "Bread's pay-over-time solutions, together with our robust existing private label, general purpose and commercial products, will further expand our breadth of payment options and capabilities, giving our brand partners across all verticals another way to capitalize on the rapidly growing e-commerce channel."
Marvell to Acquire Inphi - Creating Enterprise Value of Approximately $40 Billion
Santa Clara & San Jose, California – 29th October 2020 - Marvell Technology Group Ltd. an infrastructure semiconductor solutions company, and Inphi Corporation a high-speed data movement enterprise, have announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Marvell will acquire Inphi in a cash and stock transaction. In conjunction with the transaction, Marvell intends to reorganize so that the combined company will be domiciled in the United States, creating a U.S. semiconductor powerhouse with an enterprise value of approximately $40 billion. Inphi has built a leading high-speed data interconnect platform uniquely suited to meet the insatiable demand for increased bandwidth and low power for the cloud data centers and global networks of the future. “Marvell and Inphi share a vision to enable the world’s data infrastructure and we have both transformed our respective businesses to benefit from the strong secular growth expected in the cloud data center and 5G wireless markets” said Ford Tamer, President and CEO of Inphi. “Combining with Marvell significantly increases our scale, accelerates our access to the next generations of process technology, and opens up new opportunities in 5G connectivity.” https://www.marvell.com/company/newsroom/marvell-to-acquire-inphi-accelerating-growth-leadership-cloud-5g-infrastructure.html
Wipro to Acquire Specialist Finastra Services Partner in Financial Services, Encore Theme Technologies Ltd
Bangalore, India – 28th October 2020: Wipro Limited, a global information technology, consulting and business process services company, has announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited (Encore Theme), a specialist in providing SaaS and Cloud solutions in financial services. Angan Guha, Senior Vice President and Global Head, Banking, Financial Services & Insurance, Wipro Limited said, “We are excited to have the team at Encore Theme join us. They bring a wealth of trade finance product expertise coupled with significant delivery experience of Finastra solutions for both Trade Finance and Cash Management implementations. Together with Wipro’s reach across the region and proven system integration capabilities, this will help strengthen our position as a dominant player across the globe implementing Finastra solutions.”
Infosys Completes Acquisition of Award-Winning Digital Customer Experience, Commerce & Analytics Company, Blue Acorn iCi
Bengaluru, India and Raleigh, NC – 28th October 2020 - Infosys, a global, next-generation digital services and consulting company, has announced that it has completed the acquisition of Blue Acorn iCi, an Adobe Platinum partner in the US, and a digital customer experience, commerce and analytics company. This follows the announcement the company made on October 08, 2020. This acquisition further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey. Blue Acorn iCi brings to Infosys, significant cross-technology capabilities through the convergence of customer experience, digital commerce, analytics, and experience driven commerce services. Together with Infosys’ earlier acquisition of WONGDOODY that offers creative and marketing services, Blue Acorn iCi brings complimentary capabilities to help global CMOs and businesses thrive in a digital commerce world. This acquisition further deepens Infosys’ capabilities in the Adobe, Magento, Salesforce Commerce and Shopify ecosystems.
MRI Software Acquires Jenark™ from CoreLogic
Solon, Ohio – 29th October 2020 –Real estate technology company, MRI Software, has acquired residential property management software Jenark™ from CoreLogic, Inc. Jenark aligns with MRI’s existing product set for the management of residential property portfolios, addressing the unique needs of community and homeowner associations by facilitating processes, operations, transactions, communications, accounting, administration, and reporting. The solution is used by hundreds of management companies and large self-managed communities, representing half a million residential units within the U.S. Patrick Ghilani, Chief Executive Officer of MRI Software, said: “We’re delighted to welcome Jenark to the family and further extend the footprint of our comprehensive, end-to-end MRI Living suite. With this strategic expansion we now serve over 16 million residential units worldwide, and we look forward to bringing the benefits of our scale and innovation to the Jenark users.”
CloudMD to Acquire Employee Health Services Platform, HumanaCare for $17.5 Million
Vancouver, British Columbia – 28th October 2020 — CloudMD Software & Services Inc, a telehealth company seeking to revolutionize the delivery of healthcare to patients, is pleased to announce that it has signed a binding term sheet to acquire 100% of HumanaCare Inc, an integrated, Employee Assistance Services (EAP) solution which provides compassionate, holistic, physical and mental health support for employees and their family members. “The combination of HumanaCare’s model of delivering exceptional outcomes by supporting the mental and physical healthcare needs of the individual, combined with the technology forward platform of CloudMD and Snapclarity’s revolutionary digital mental health services, we will become the standard in the evolution of patient-centred care,” said Jamie Marcellus, President of HumanaCare.
Varonis Acquires Israeli Start Up Polyrize, Consolidates Cloud Privilege Security
New York - 28th October 2020 - US-based data-security firm, Varonis, has announced it is acquiring Israeli start up, Polyrize. The Israeli start up develops a cloud security platform for managing cloud privileges in real-time. Polyrize’s technology breaks down all access configurations and unifies them under one chart, in order to better comprehend vertical activity, as well as utilizing the existing data to detect anomalies. The service continuously enforces security measures while relying on user connected services, without prior app or proxy installation. Polyrize can connect to a variety of public cloud services, as well as perform minor adaptations from service to service. This way the company supports organizations that are already using different cloud services, and often adds new services to the organizational layout - a trend that’s expected only to grow in upcoming years. In a blog post, Polyrize CEO and founder, Nati Hazut, commented that the acquisition “will accelerate our original mission of helping organizations secure identity, privileges, and access data across dissimilar public cloud apps..”
AMD to Acquire Xilinx - Strengthens Technology Portfolio, Expands Data Center Business
Silicon Valley, California – 27th October 2020 - AMD and Xilinx have announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. The combination will create a high-performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established leader. The transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth. AMD President and CEO Dr. Lisa Su said: “Our acquisition of Xilinx marks the next leg in our journey to establish AMD as the industry’s high performance computing leader and partner of choice for the largest and most important technology companies in the world. This is truly a compelling combination that will create significant value for all stakeholders, including AMD and Xilinx shareholders who will benefit from the future growth and upside potential of the combined company.”
LPL Acquires Fintech Firm Blaze Portfolio
San Diego – 27th October 2020 – LPL Financial Holdings Inc, the parent corporation of retail investment advisory firm and independent broker/dealer LPL Financial LLC, has announced the company has acquired Blaze Portfolio, a Chicago-based fintech firm founded in 2010. Blaze Portfolio currently serves 135 investment firms and provides an advisor-facing trading system that LPL will integrate into its platform to expand its wealth management capabilities and drive growth. “For many advisors, our trading platform is their lifeblood, and the way they express and execute their investment strategies for their clients in a sophisticated way. It’s important, therefore, that we continue to invest in our offering to help them differentiate, grow and win in the marketplace,” said Burt White, LPL Financial managing director and Chief Investment Officer. “Acquiring Blaze Portfolio will enable us to provide our advisors with a dynamic trading and rebalancing system that can be utilized by practices of all sizes, affiliations and sophistications to meet their clients’ needs.”
Accenture Acquires Cloud-Native Provider Enimbos, Bolstering Cloud-First Capabilities in Spain and Portugal
Madrid, Spain – 26th October 2020 – Accenture has acquired Enimbos, a Madrid-based provider of cloud migration and related services, enhancing its Amazon Web Services (AWS) capabilities, multi-cloud strategy and cloud migration services in Spain and Portugal. The acquisition follows Accenture’s recent announcement of a US$3 billion investment to help clients rapidly become “cloud-first” businesses and accelerate their digital transformations. Enimbos is an AWS Premier Consulting Partner with more than 130 AWS certifications and has strong relationships with other cloud providers, bringing a total of more than 260 cloud-related certifications. In addition to cloud migration services, Enimbos also provides cloud modernization services, standardized multi-cloud managed services, and cloud governance and optimization. Enimbos is headquartered in Madrid, with additional offices in Cáceres, Mérida and Barcelona in Spain, and in Aveiro and Lisbon in Portugal.
Ansys and Analytical Graphics, Inc. Sign Definitive Acquisition Agreement
Pittsburgh – 26th October 2020 – Ansys, global innovator in engineering simulation software, has announced that it has entered into a definitive agreement to acquire Analytical Graphics, Inc. (AGI), a premier provider of mission-driven simulation, modelling, testing and analysis software for aerospace, defense and intelligence applications. The purchase price for the transaction is $700 million, of which 67% of the consideration will be paid in cash and 33% will be paid through the issuance of Ansys common stock. In conjunction with the transaction, Ansys anticipates obtaining new debt financing to fund a significant portion of the cash component of the purchase price. AGI has pioneered digital mission engineering, a key component of digital transformation. Once closed, the acquisition of AGI will expand Ansys' simulation footprint into customers' missions, an area of simulation beyond the traditional component or product level. Missions are typically higher-level endeavors that support space, telecommunications, national defence and search-and-rescue initiatives. Mission-driven simulation, integrated with systems engineering, enables organizations to provide the best configuration to achieve various desired mission objectives.
Tech Mahindra Acquires Momenton and Tenzing Ltd
Bengaluru – 23rd October 2020 - IT services company Tech Mahindra has announced it has acquired 100% equity in two companies—Momenton, a digital enterprise technology firm and Tenzing Ltd, a technology consulting firm. Both organizations are expected to help Tech Mahindra enable digital capabilities, modern cloud-based architecture and transformation for customers in the Australia and New Zealand region in financial services and other sectors. The acquisition of Momenton, for $10.2 million, is expected to be completed by March 2021 while that of Tenzing, for $29.5 million, is expected to complete by November this year. Global Head of Healthcare and Financial Services, Tech Mahindra, Vivek Agarwal, said: “The acquisition of Momenton and Tenzing Ltd are in line with our strategy to strengthen our digital capabilities, and offer our clients end-to-end transformation services. This will significantly enhance our local presence in the markets, and the combination will create significant synergies and help in bringing next generation solutions to customers enabling them to run better, change faster and grow greater.”
TIBCO Announces Agreement to Acquire Information Builders, Inc.
Palo Alto, CA – 22nd October, 2020 - Global enterprise data company, TIBCO Software Inc., which empowers its customers to connect, unify and confidently predict business outcomes, solving complex, data-driven challenges, has announced that it has entered into an agreement to acquire Information Builders, Inc. (ibi), a data and analytics software company. ibi has a rich product portfolio and trusted data-driven solutions that are at the core of digital transformation. Commenting, Dan Streetman, Chief Executive Officer, TIBCO, said: “Data-driven insight is more critical than ever. With the acquisition of ibi, we gain access to a broader set of analytics and technology, greatly enhancing our ability to help the world’s leading organizations solve their most complex data problems. The blend of our two companies, with strong and complementary capabilities, will further unlock the potential of real-time data for making faster, smarter decisions.” https://www.tibco.com/press-releases/2020/tibco-announces-agreement-to-acquire-information-builders
Microsoft to Establish its first Data Center Region in Taiwan
Taipei, Taiwan – 26th October 2020 – Microsoft Corp. has announced another major milestone in its “Reimagine Taiwan” initiative, including plans to establish its first cloud data center region in Taiwan and a significant investment in local talent and development, aiming to provide digital skilling for over 200,000 people in Taiwan by 2024. Additionally, Microsoft is growing its Taiwan Azure Hardware Systems and Infrastructure engineering group, which will establish Microsoft Taiwan as a hub in Asia for innovation in designing and building advanced cloud software and hardware infrastructure spanning AI, IoT and edge solutions. This latest announcement represents a new commitment in Microsoft’s more than 30-year history in Taiwan to fuel new growth that will accelerate digital transformation of Taiwan’s public and private sectors, helping customers to reimagine their future by providing access to highly secured enterprise-grade cloud services. https://news.microsoft.com/apac/2020/10/27/microsoft-to-establish-its-first-datacenter-region-in-taiwan-as-a-part-of-its-reimagine-taiwan-initiative/
Progressive Care Announces New Partnership with MyApps, Discontinues Plans to Acquire The Company
Miami, FL – 29th October 2020 – Progressive Care Inc, a personalized healthcare services and technology company, has announced that the Letter of Intent entered into on September 1, 2020, for the Company to acquire substantially all of MyApps Corp, has been terminated by the companies. Progressive Care and MyApps will continue to work together amicably as partners, and the companies’ near-term priority will be to integrate CallingDr™, the popular telemedicine and telehealth platform developed by MyApps, into Progressive Care’s PharmcoRx digital platform and work together to enhance Progressive Care’s ClearMetrX data analytics and data management services. Commenting on the change of direction, Progressive Care Chief Executive Officer Alan Jay Weisberg, said: “As the companies were working diligently towards an acquisition, it became increasingly clear that the parties would be better suited to be partners than to be a single organization. We’re extremely excited to continue our partnership to make the CallingDr™ software platform an integral part of our digital offerings.”
Cerner to Acquire AbleVets Further Expanding Strategic and Technical Expertise in U.S. Federal Health Market
North Kansas City, Missouri - 18th October 2020 - Cerner Corporation has announced a definitive agreement to acquire AbleVets—a strategic IT consulting and engineering firm—as a wholly-owned subsidiary. The acquisition of the Washington, DC area-based company will provide Cerner even greater scale and technical expertise in designing and implementing modernization solutions, particularly in the federal space. The companies expect to complete the transaction in the fourth quarter. Commenting, Travis Dalton, president, Cerner Government Services, said: “AbleVets has been a trusted partner to Cerner and is providing critical support to our federal programs. Integrating the team into our business is a natural next step of our relationship. We expect AbleVets’ technical expertise and execution in solving complex problems will accelerate Cerner’s success in providing integrated, seamless care for Veterans, Service members and their families.”