Allscripts to sell CarePort Health business to WellSky for $1.35 Billion
Chicago - 13th October 2020 - Allscripts has announced the execution of a definitive agreement to sell its CarePort Health business to WellSky Corp., a global health and community care technology company. WellSky is jointly owned by two of the world’s largest private equity firms, TPG Capital and Leonard Green & Partners. CarePort solutions assist hundreds of hospitals and thousands of post-acute care providers to efficiently coordinate and transition patients through different settings of care. The agreed sale price of $1.35 billion represents a multiple of greater than 13 times CarePort’s revenue over the trailing 12 months, and approximately 21 times CarePort’s non-GAAP Adjusted EBITDA over the trailing 12 months. CarePort is included in Allscripts Data, Analytics and Care Coordination reporting segment and represents approximately 6% of Allscripts consolidated revenues. The transaction is expected to close before the end of the year, subject to receipt of regulatory clearances and satisfaction of other customary closing conditions. Upon transaction close, the CarePort client base and associates will transition to WellSky. The two companies will operate independently until that date.
Churchill Capital Corp II Announces Agreement to Acquire Skillsoft and Global Knowledge for $1.3 Billion and $233 Million Respectively
New York, Boston, and Cary, NC – 13th October 2020 - Churchill Capital Corp II, a special purpose acquisition company (SPAC), and Software Luxembourg Holding S.A. ("Skillsoft"), a global, digital learning and talent management solutions company, have announced that they have entered into a definitive agreement to merge. Churchill II also announced that it has entered into a definitive agreement to acquire Global Knowledge Training LLC, a worldwide IT and professional skills development enterprise. In a transaction valued at approximately $1.3 billion, Churchill II will merge with Skillsoft. Following the closing of the merger, the combined company will acquire Global Knowledge for approximately $233 million, putting the total cost of the transactions at $1.5 billion.
Cannyx Corporation and LevelBlox Announce Proposed Merger and Capital Raise to Bring Liquidity to the Global CBD Commodity Market
London, UK – 15th October 2020 - Following the successful launch of Cannyx Markets, a Global Cannabinoid Commodity Trading Platform, Cannyx Corporation Ltd has announced details of a strategic merger with enterprise software developer LevelBlox, Inc and a capital raise and share placement that together, will establish Cannyx Markets as the leading infrastructure platform for the maturing CBD industry. Built on a secure cloud and supported by enterprise blockchain technology, the Cannyx Markets platform provides the vital infrastructure necessary to solve many of the problems facing today's CBD industry, including increasing market liquidity, facilitating logistics and providing businesses with the necessary tools to reduce risk across the complete supply chain. Leading the convergence of technology and Cannabis, LevelBlox, Inc. has created the Cannabis as a Service (CaaS) category. The collective technology provides participants with cutting-edge technologies such as market surveillance and compliance tools, alongside track & trace capabilities, and unparalleled access to real-time international market data.
ZoomInfo Acquires Clickagy to Deliver Streaming Intent Data
Vancouver, Washington – 15th October 2020 - ZoomInfo, a global go-to-market (GTM) intelligence solutions company, has announced that it has acquired Clickagy, a provider of artificial intelligence-powered buyer intent data. Along with this acquisition, ZoomInfo is launching Streaming Intent, an innovative solution that identifies companies with above-average search volume on business-to-business (B2B) topics within minutes of their web activity. Henry Schuck, ZoomInfo’s Founder and CEO, said: “B2B intent data is becoming core to the way modern go-to-market organizations prioritize their outreach to prospects and customers. Our acquisition of Clickagy enables us to scale intent to provide what will soon be the market’s most predictive and complete B2B intent data set for sellers and marketers. We believe this acquisition both exemplifies our mission to continuously innovate and cements our position as the pacesetter for data-driven sales and marketing outreach.”
Entravision Communications Corporation Acquires a Majority Stake in Cisneros Interactive, a Leading Digital Advertising Company Serving U.S. and Latin American Markets
Santa Monica, California & Miami – 15th October 2020 - Entravision Communications Corporation, a global media and marketing technology company, and Cisneros Interactive, a digital advertising company serving over 2,000 brands and agencies each month across the U.S. and Latin America, has announced that Entravision has acquired a majority investment in Cisneros Interactive. This investment deepens and enhances Entravision’s digital product offerings, while positioning the combined platforms to be one of the largest premier digital advertising companies serving the US, Hispanic and Latin American markets. Cisneros Interactive will be joining forces with Entravision Digital, which provides comprehensive digital solutions including data, creative and programmatic platforms. Walter Ulloa, Chairman and Chief Executive Officer of Entravision, commented: “The media space has quickly evolved to demand more performance-based, transparent and digital-focused solutions, and in order to best service our growing client base we continue to enhance our product portfolio and service offering.”
Wipro to Acquire Eximius Design for $80 Million
East Brunswick, New Jersey, USA and Bangalore, India – 13th October 2020 - Global information technology, consulting and business process services company, Wipro Limited, has announced that it has signed a definitive agreement to acquire Eximius Design, a leading engineering services company with strong expertise in semiconductor, software and systems design. Eximius provides end-to-end solutions and services for building smarter, smaller and faster connected products for various use cases of IoT, Industry 4.0, Edge Computing, Cloud, 5G and Artificial Intelligence. Their clientele includes some of the Fortune 100 corporations and new age companies across semiconductors, cloud and hyperscale infrastructure, consumer electronics and automotive segments. Eximius’ offerings and solutions will be consolidated as a part of Wipro’s EngineeringNXT framework, providing customers with a platform to innovate and engineer the next generation of products and platforms at scale. Commenting on the deal, Harmeet Chauhan, Senior Vice President, Industrial & Engineering Services, Wipro Limited, said: “Eximius enables Wipro to strengthen market leadership in VLSI and systems design services by expanding our market presence and strengthening our technical leadership in the semiconductor ecosystem, to help accelerate silicon innovation for our customers.”
Nexign Strengthens its Expertise in Digital Customer Experience
Saint Petersburg, Russia – 14th October 2020 - Nexign (a part of ICS Holding LLC), a Business Support System (BSS) and Internet of Things (IoT) solutions provider, has announced that Nexign JSC is acquiring a 99% stake in the authorised capital of the STORM Technologies LLC from the Forpost group. Nexign plans to strengthen its product portfolio with advanced digital customer experience management solutions. Thus, Nexign will help its customers – telco operators – to build relationships with subscribers more efficiently. Meanwhile, STORM Technologies will gain access to the global market and new customers from the telecommunications industry. Igor Gorkov, CEO of Nexign, commented: “Today, the introduction of omnichannel platforms for telecom operators is a guarantee of subscriber loyalty. It also means the ability to combine marketing and customer services by creating products for the needs of a specific user. I am confident that STORM Technologies' digital customer experience management solutions will be an excellent addition to Nexign's product portfolio, and our joint offer will be in demand in the global market.” STORM Technologies will remain an independent brand but will receive access to Nexign’s technological platform and will be able to promote its solutions worldwide. https://nexign.com/en/newsroom/press-releases/nexign-strengthens-its-expertise-in-digital-customer-experience
Cherry Acquires Vienna-Based Hardware and Software Producer Theobroma Systems
Auerbach, Germany – 14th October 2020 - Global manufacturer of computer input devices and switches for mechanical keyboards, Cherry, has announced the acquisition of Theobroma Systems Design and Consulting GmbH, an Austrian-based developer and trusted manufacturer of embedded systems. These support various industrial applications in the field of IoT and Industry 4.0. With this acquisition, Cherry is specifically expanding its development and production capacities in the security sector. The two companies have had a long-standing development partnership with a focus on security computer input devices. The acquisition gives CHERRY access to Theobroma Systems' comprehensive expertise in embedded Linux software development and the production facilities throughout the product development process. The newly acquired development skills will initially be used at CHERRY in the security areas. In the medium term, it is planned that CHERRY's entire portfolio will benefit from the expanded expertise. Dr. Philipp Tomsich, Theobroma Systems’ Chief Technology Officer and Founder, explained: “Combining Theobroma Systems’ technology portfolio with the resources and the strong market presence of CHERRY will allow us to finally harness the full potential of the platforms and technologies we have developed since the start of our journey.”
Nexign acquires a stake in STORM Technologies Wilson Allen Announces Acquisition of Capensys
Newtown Square, PA – 13th October 2020 - Wilson Allen, provider of software, services and expertise that help law firms and professional services organizations enhance business performance, has announced that it has acquired Capensys, a provider of software training services and technology. The addition of Capensys’ training solutions will extend Wilson Allen’s ability to help firms accelerate user adoption of technology, streamline change management, and rigorously enforce information security practices. Norm Mullock, VP of Strategy, Wilson Allen, said: “We exist to help our customers get the greatest benefit from technology investments. Since change management is one of the most important aspects of every technology project, we are increasing our investment in training solutions as a foundational element of our change management offering. Capensys has tremendous breadth and depth of software expertise and an established online learning platform that we will build upon to help our customers drive ROI. The company’s training platform, content, methodology, and expertise complement and greatly expand our existing training capacity. This is all the more important as firms deal with the added dimension of remote training.”
Twilio to Acquire Segment, the Market-leading Customer Data Platform
San Francisco – 12th October 2020 - Twilio has announced that it has entered into a definitive agreement to acquire Segment for approximately $3.2 billion in Twilio Class A common stock, on a fully diluted and cash free, debt free basis. The transaction is expected to close in the fourth quarter of 2020. Commenting, Jeff Lawson, co-founder and CEO of Twilio, saidL: “Data silos destroy great customer experiences. Segment lets developers and companies break down those silos and build a complete picture of their customer. Combined with Twilio's Customer Engagement Platform, we can create more personalized, timely and impactful engagement across customer service, marketing, analytics, product and sales. We are thrilled to welcome Segment to the Twilio team.” Segment’s co-founder and CEO, Peter Reinhardt, said: “Together, Twilio and Segment have an incredible opportunity to build the customer engagement platform of the future.”
Ricoh makes landmark acquisition of MTI Technology to significantly grow IT Services capabilities
Ricoh Europe, London, 07 October 2020 – Ricoh customers across Europe are set to benefit from enhanced IT Services and support through the company’s acquisition of MTI Technology. Headquartered in the UK, MTI. Technology has helped thousands of organisations transform their IT operations by leveraging the latest technologies, reducing operating costs and becoming more flexible while mitigating risk. The acquisition will enable Ricoh customers to access MTI Technology’s expertise and competencies in Cyber & Data Security, Datacentre Modernisation, IT Managed Services and IT Transformation Services. MTI Technology customers will benefit from Ricoh’s global visibility, continuous support, financial capacity, IT infrastructure and international area of influence. David Mills, CEO, Ricoh Europe, adds: “This exciting acquisition enables us to expand our IT services expertise across EMEA and to build on our existing competences around data centre transformation, cyber security and other IT transformation offerings. We are acquiring a fast growing and agile IT Services company while inheriting a proven and dynamic leadership team.” MTI Technology will continue to operate under its existing name as a separate Ricoh entity.
HealthStream Acquires ShiftWizard, Expands Staff Scheduling Solutions for Healthcare Providers
Nashville, Tennessee – 12th October 2020 - HealthStream has announced that it has acquired ShiftWizard, Inc., a Raleigh, North Carolina-based company, focused on providing a SaaS-based solution that integrates key workforce management capabilities, including scheduling, productivity, and forecasting. HealthStream adds to an emerging area of its workforce solutions that supports healthcare professionals and their management in effective staff scheduling—where administrative work is reduced, cost-savings are gained, and productivity data is made readily accessible to managers. “Since ShiftWizard’s launch in 2007 as the first 100% web-based, healthcare-focused scheduling solution in the market, our mission has remained on revolutionizing the way healthcare organizations manage and communicate with their workforce,” said Christian Pardue, RN, Co-founder & Chief Product Officer, ShiftWizard. “Our success in doing that is reflected in a 97 percent retention rate among our customers that includes a staff buy-in and adoption rate of over 85 percent, the highest in the industry according to KLAS.”
Altair Acquires M-Base Engineering + Software GmbH, Leader in Plastics Material Data and Technology
Troy, Michigan – 8th October 2020 - Altair, a global technology company providing solutions in data analytics, simulation and high-performance computing (HPC), has announced the acquisition of M-Base Engineering + Software GmbH, an international supplier of material database and material information systems, with a focus on plastics. The acquisition of M-Base will allow Altair to offer the most comprehensive, high-fidelity plastics database available on the market, which will directly connect with Altair’s powerful solvers. One of the most important decisions in product development is the selection of materials for production. Altair has been investing significantly in the area of material modeling for several years. The acquisition of M-Base is an important additional step to deliver comprehensive material information and infrastructure to predict and optimize product performance through simulation. M-Base's offering covers the complete lifecycle of material data, from testing and test evaluation to computer-aided engineering (CAE) interfaces, with a focus on plastics.
Sourcepoint Acquires Redbud to Provide Deeper Insights for Media Ecosystem
New York and London – 8th October 2020 - Sourcepoint, the privacy compliance platform of record for the digital marketing ecosystem, has announced the acquisition of a UK-based software technology firm, RedBud, to provide deeper insights for buyers and sellers of media and data. The acquisition of RedBud’s technology stack and its exceptional team of advertising and privacy experts will uniquely position Sourcepoint to become the most fully-featured data privacy, compliance and consent management platform focused on the advertising and marketing technology markets. In today’s data-driven and increasingly privacy-conscious world, data ethics is critically important, yet the ability to understand the privacy practices of partners in a scalable and granular way has been a challenge for those in the media ecosystem. This acquisition will level the playing field for publishers by providing them with the tools to engage with users on data and privacy, as well as complete visibility into any hidden activity on their properties that exposes them to privacy and revenue risks.
InEight to Acquire TeamBinder Document Management and Collaboration Solution from QA Software
Scottsdale, Arizona and Melbourne, Australia - InEight, a developer of construction project management software, has announced the acquisition of QA Software and the flagship product, TeamBinder, the comprehensive document management and collaboration solution for the engineering and construction industry. The acquisition combines InEight’s project management solutions with QA Software’s comprehensive document management tools, creating solutions for key project stakeholders including contractors, owners and engineers. Commenting on the transaaction, Jake Macholtz, Chief Executive Officer at InEight, said: “We founded InEight on a vision of developing innovative, proven software solutions that help all capital project stakeholders consistently deliver predictable project outcomes. Today, we reached a significant milestone in achieving this vision with the acquisition of QA Software and its flagship product – TeamBinder. This acquisition reinforces our unique ability to support customers at every stage of the project life cycle, giving them full project visibility, control, accountability and certainty.”
Kofile Announces Acquisition of SeamlessDocs
Dallas, TX – 5th October 2020 - Kofile, a provider of digital transformation services and software for local governments, has announced that it has acquired SeamlessDocs, an application builder that takes paper-based and PDF-reliant processes and digitizes them with a comprehensive suite of automated workflow, digital signature and web-payment features. Michael Crosno, CEO of Kofile, said: “Kofile’s investment in new services and software has always been guided by the customers we serve. Today, more than ever, our customers are asking for two things. First is the ability to provide information and services online, from anywhere, at any time and with complete confidence in data security. Second is for expert support in taking new and existing physical records, digitizing them, and embedding them with intelligence that streamlines online search and retrieval. We’re proud to be the only provider that can deliver on both of those needs for our customers..” The combined technology of the two companies will enable Kofile to offer a comprehensive suite of applications to digitize the many important functions of local government. Government agencies will be able to use Kofile applications to provide user-friendly digital services, including searching and requesting records, recording and e-filing documents, processing permits and licenses, and managing employees and vendors. With a portfolio of solutions for these key needs, Kofile aims to provide a complete solution for local governments that are increasingly looking to consolidate digital transformation efforts under single providers.