DXC Technology Completes Sale of US State and Local Health and Human Services Business to Veritas Capital, Creating Gainwell Technologies
New York and Tysons, Virginia – 1st October 2020 – DXC Technology has announced that it has completed the sale of its U.S. State and Local Health and Human Services business to Veritas Capital, an investor in government and healthcare technology businesses, to form Gainwell Technologies. DXC intends to use the net proceeds from the $5 billion cash consideration to strengthen its balance sheet and reduce debt by about $3.5 billion. Following the repayment of debt, DXC will have approximately $6.0 billion of total debt on its balance sheet and net-debt of about $3.0 billion. “On behalf of everyone at DXC, I would like to thank our people who are joining Gainwell for their service and commitment to DXC. I would also like to thank our customers who are in great hands going forward,” said Mike Salvino, President and CEO, DXC. “I am very pleased that we have delivered on our plan in completing this transaction, which strengthens our balance sheet and allows us to bring the ‘new DXC’ to the market. Our focus on our people and our customers combined with our improved financial flexibility better positions DXC for long-term success.”
Nintex Announces Agreement to Acquire K2 Software, Inc.
Bellevue, Washington – 1st October 2020 - Nintex, the global standard for process management and automation, has announced a definitive agreement to acquire K2 Software Inc., an innovative provider of digital process automation (DPA) software solutions. Nintex is the global standard for process management and automation. K2 is Nintex's third acquisition since Thoma Bravo became the company's majority investor in early 2018. "We are excited to be bringing together leading innovators in the digital process automation software market," said Nintex CEO Eric Johnson. "Upon closing, Nintex and K2 customers and partners will benefit from an even broader range of process management and automation solutions. The combination of our respective development teams will further accelerate our pace of innovation in this growing market." Organizations in every region of the world are saving costs and improving operations by using Nintex's easy-to-use, powerful process platform to visually map and manage business processes with Nintex Promapp® and to accelerate digital transformation with mobile apps, digital forms, workflows, robotic process automation (RPA), document automation and eSignatures.
RBC Ventures Acquires Founded
Toronto, Canada - 30th September 2020 - RBC Ventures business, Ownr, says it has acquired Founded Technologies. Ownr was founded in 2017 in a bid to simplify the process of registering or incorporating a business, while Founded automates sophisticated legal tasks. RBC spokesman Corey Black says that RBC Ventures will not be sharing the terms or value of the acquisition. The companies, which are both based in Toronto, say the partnership will help Canadian entrepreneurs more quickly register and grow brands. They say their services are seeing high demand during the COVID-19 pandemic, despite Statistics Canada reporting small business revenues were down at least 20 per cent in the first quarter of the year when compared with 2020. Ownr says many Canadians are using the health crisis as an opportunity to start a business for the first time and it has seen a 100 per cent increase in businesses being created since February.
CloudMD Acquires Majority Interest in Innovative US Based Benchmark Systems Inc
Vancouver, BC – 28th September 2020 ‐ CloudMD Software & Services Inc, a telehealth company revolutionizing the delivery of healthcare to patients, is excited to announce that it has entered into an agreement to purchase a majority interest in Benchmark Systems Inc, a cloud-based provider of fully integrated solutions that automate healthcare workflow processes, including revenue management, practice management and electronic records management. CloudMD will purchase 87.5% of Benchmark from Benchmark’s parent company and global healthcare and AI leader, AntWorks Inc. AntWorks will retain a 12.5% equity stake and remain a strategic partner for CloudMD both in the U.S. and globally. Essam Hamza, CEO at CloudMD, commented, “We believe that Benchmark will expedite our U.S. expansion efforts and enhance the quality, operations and scalability of our business. Benchmark is already well-established in the marketplace and their significant U.S. presence will help us navigate individual state requirements, while providing opportunities for existing software integration, cross selling and revenue optimization.”
Microsoft teams up with OpenAI to exclusively license GPT-3 language model
22nd October 2020 - Microsoft has announced a deal with OpenAI to acquire exclusive licensing for their GPT-3 language model. For years, OpenAI was known for having Elon Musk as an early investor. More recently, its auto-regressive language models are claiming attention, with big investors stepping forward to invest. GPT-3 is a language model that outperforms previous technologies, mimics human speech and takes straightforward instruction in the English language. In a statement about the deal, Kevin Scott, Executive Vice President & CTO at Microsoft, said: “GPT-3 is the largest and most advanced language model in the world, clocking in at 175 billion parameters, and is trained on Azure’s AI supercomputer. Today, I’m very excited to announce that Microsoft is teaming up with OpenAI to exclusively license GPT-3, allowing us to leverage its technical innovations to develop and deliver advanced AI solutions for our customers, as well as create new solutions that harness the amazing power of advanced natural language generation.”
LINQ Acquires Colyar Technology Solutions
Wilmington, NC - 29th September 2020 - EMS LINQ INC (LINQ), a complete and integrated administrative software solution for K-12 schools and districts, announced it has acquired Colyar Technology Solutions, an Arizona-based school nutrition management software provider. The partnership brings together industry leading solutions that empower schools and state agencies to streamline the management of their child nutrition programs. "For nearly 25 years, Colyar has provided an industry-leading platform to help our customers in nearly 40 state agencies successfully manage their child nutrition programs,” Baker said. “I’m thrilled that this partnership will combine the strengths of the software solutions built by LINQ and Colyar to create one of the most powerful school nutrition management platforms on the market.”
Mitratech Acquires Acuity ELM, Enhancing its Legal Operations Solutions Portfolio
Austin, TX - 29th September 2020 - Global provider of legal and compliance software, Mitratech announced its acquisition of Acuity ELM, a provider of SaaS e-Billing, matter management, claims defense, and legal hold products to small and mid-size corporate legal teams. With this acquisition, Mitratech will now be able to offer a comprehensive and complementary range of ELM solutions to suit the needs of legal and claims departments of any size, including small and mid-sized ones. The ease of adoption and use of Acuity ELM’s platform also complements Mitratech’s existing offerings, as well as the user-centric culture of support and collaboration behind it. As Mike Williams, CEO of Mitratech explained, ”Acuity ELM’s platform enables anyone from first-time adopters to long-time power users to take advantage of leading-edge features and best-in-class support. Its flexibility and scalability in meeting even a small legal or claims department’s needs over time make it a perfect fit for our portfolio.”
Ivanti Announces Strategic Acquisitions of MobileIron and Pulse Secure to Further Automate and Secure Endpoints
Salt Lake City, UT, Mountain View, CA & San Jose, CA - 28th September 2020 - Ivanti, Inc, which automates IT and Security Operations to discover, manage, secure and service from cloud to edge, and is backed by affiliates of Clearlake Capital Group, LP nd TA Associates, has announced it has signed definitive agreements to acquire MobileIron Inc, a provider of mobile-centric unified endpoint management solutions, and Pulse Secure LLC, a provider of secure access and mobile security solutions. Under the terms of the agreement with MobileIron, Ivanti will acquire all outstanding shares of MobileIron common stock for a total value of approximately $872 million. MobileIron’s Board of Directors unanimously approved the deal and recommended that stockholders vote their shares in favor of the transaction. Pulse Secure will be acquired from affiliates of Siris Capital Group, LLC. Terms of the Pulse Secure transaction were not disclosed.
Boxlight Acquires Sahara Presentation Systems for GBP 74 Million (USD 94.9 Million)
Lawrenceville, GA – 25th September 2020 – Boxlight Corporation, a provider of interactive technology solutions for the global education market, has announced it has acquired Sahara Presentation Systems PLC, a distributed and manufactured AV solutions company. Headquartered in the United Kingdom, Sahara is a leader in distributed AV products and a manufacturer of multi-award winning touchscreens and digital signage products, including the globally renowned Clevertouch and Sedao brands. “I am very excited about the journey ahead as we join Boxlight,” stated Mark Starkey, CEO at Sahara. “The global footprint and infrastructure of Boxlight, with their experience in delivering comprehensive education technology solutions, paired with our extensive experience and expertise in AV technology and products, will position us to provide our customers across the world with solutions for advanced and collaborative working environments. We are committed to continue our rapid expansion plans following Sahara’s acquisition by Boxlight.”
Boxlight Acquires Screen Sharing Intellectual Property Portfolio
Lawrenceville, GA – 24th September 24, 2020 – Boxlight Corporation, provider of interactive technology solutions for the global education market, has also announced the acquisition of three LAN based, screen sharing patents and one pending patent application from Circle Technology, Inc. The acquired intellectual property portfolio will increase Boxlight’s protections around its education software solutions in a time when the adoption of one-to-one student devices is an industry standard. The additional intellectual property allows Boxlight to expand its software strategy knowing its efforts in wireless screen sharing will be protected. Hank Nance, COO at Boxlight, commented, “Collaboration between teachers and students on front-of-classroom visual devices, and collaboration between students on their one-to-one devices, is an increasingly important part of the classroom. Our recent efforts on software development have an emphasis in this area, and I am pleased to know we can go forward as an industry leader with strong IP protections in place.”
Microsoft Acquires ZeniMax Media and Game Publisher Bethesda Softworks for $7.5 Billion
Redmond, Washington – 21st September 2020 – Microsoft has announced the purchase of ZeniMax Media for $7.5 billion in cash and, has, in the process, significantly expanded its list of game development studios – to 23. Entertainment company, ZeniMax, owns several industry-leading game developers, including Bethesda Softworks, the maker of the post-apocalyptic Fallout games and the fantasy series, The Elder Scrolls. It also owns Id Software, known for its Doom, Rage and Wolfenstein shooting game franchises. Microsoft plans to run Bethesda as a separate division, with leadership and structure remaining unchanged. With more than three billion people on the planet playing games for fun, escape and human connection, the Microsoft Xbox team’s purchase of ZeniMax Media gives it control of some of the gaming industry's most popular franchises. As the gaming industry transforms from a device-centric era to a player-centric era, powered by new technology that offers the freedom to play with friends anywhere on any device, Bethesda brings an impressive portfolio of games, technology, talent and a track record of huge commercial success.
OutMatch Acquires Recruitment Automation Platform LaunchPad to Provide New, Candidate-Driven Digital Hiring Experience
Dallas, TX – 22nd September 2020 - SaaS talent intelligence platform, OutMatch, has announced its acquisition of LaunchPad, an end-to-end recruitment automation platform. This acquisition creates a first-of-its-kind candidate-driven talent selection platform that marries automation and AI bringing efficiency and data to the hiring process. https://outmatch.com/resources/press-news/outmatch-acquires-recruitment-... “Combining LaunchPad’s state-of-the-art automation and AI technology with OutMatch’s data-driven assessment offerings will create a market-leading solution with global scale and enable companies to maximize the lifetime value of their employee base,” says OutMatch CEO, Greg Moran. “The OutMatch platform will allow candidates the opportunity to move at speed through the selection process with full transparency, while talent acquisitions teams can drive unprecedented 25x or greater ROI.”
Paris, France - 1st October 2020 - Castles Technology, a global payment solutions provider whose services are used in more than 50 countries around the globe, announces its completion of the acquisition of the business and assets of Europe-based EFTPOS terminal solutions provider, Spire Payments. With the acquisition of the business and assets of Spire Payments, Castles Technology is now even better positioned to deliver market-leading payment solutions that simplify and enhance merchants’ businesses, from in-store acceptance services to value-added solutions. Jean-Philippe Niedergang, Group CCO Castles Technology, said: “I am delighted to welcome Spire Payments’ customers and new colleagues to the Castles Technology family. This acquisition represents an important strategic move for the future of our businesses, as we continue to evolve and innovate to provide merchants acquirers with future-forward payments solutions.” He continued: “Adding Spire Payments solutions and services, to Castles Technology market product portfolio (Linux, Android, MiniPos, ECRPos, TMS, Market Place…) will provide a major solution platform to rely-on in EMEA markets to significantly expand our business reach.”
Clarivate Completes Acquisition of CPA Global to Form a Global Intellectual Property Powerhouse
London, UK – 1st October 2020 - Clarivate Plc, a company which provides trusted information and insights to accelerate the pace of innovation, has announced the completion of the previously announced acquisition of CPA Global, creating an intellectual property (IP) powerhouse. Jerre Stead, Executive Chairman and CEO of Clarivate, said: “This is an exciting day for our company as we unite with CPA Global to offer our combined global customer base a more comprehensive suite of IP related products and services. With our joint resources and exceptional people, we are well positioned to accelerate the ways in which organizations can more effectively identify new opportunities, avoid risks, and act more efficiently throughout the innovation lifecycle.”
HelioCampus Acquires ABC Insights, a Leading Higher Education Benchmarking Consortium
Washington – 15th September 2020 - HelioCampus, a technology-enabled services company that provides colleges and universities with the decision support services they need to operate more strategically and sustainably, announced its acquisition of ABC Insights, a higher education benchmarking consortium that helps its members better understand their administrative spend levels and compare to peer institutions to direct and shape financial decision making. The acquisition bolsters HelioCampus’ ability to help higher education improve institutional health across academic and administrative functions with benchmarking, data analytics and decision support. Commenting on the acquisition, HelioCampus CEO, Darren Catalano, said: “In addition to sharing similar campus origins at the University System of Maryland and the University of North Carolina at Chapel Hill, respectively, HelioCampus and ABC Insights share a commitment to helping institutions operate more strategically. Together, we aspire to become the most trusted source and advisor to higher education by helping them leverage their data to accelerate their path to financial sustainability.”