Boss News - Weekly M&A Round Up - 17th May 2019

HPE to acquire Cray for $1.3 Billion
San Jose, Calif., and Seattle, Washington – 17th May 2019 - Hewlett Packard Enterprise and Cray Inc, have announced that the companies have entered into a definitive agreement under which HPE will acquire Cray for $35.00 per share in cash, in a transaction valued at approximately $1.3 billion, net of cash. “Answers to some of society’s most pressing challenges are buried in massive amounts of data,” said Antonio Neri, President and CEO, HPE. “Only by processing and analyzing this data will we be able to unlock the answers to critical challenges across medicine, climate change, space and more. Cray is a global technology leader in supercomputing and shares our deep commitment to innovation. By combining our world-class teams and technology, we will have the opportunity to drive the next generation of high performance computing and play an important part in advancing the way people live and work.”
https://www.cray.com/company/news-and-media/hpe

Apptio to Acquire Cloudability By Q2 2019
Washington - 17th May 2019 - Apptio inc has announced that it has signed a definitive agreement to acquire multi-cloud financial management firm Cloudability, Inc. Cloudability leverages data science, machine learning and automation to improve the unit economics. “The cloud has fundamentally changed the traditional IT operating model, enabling digital transformation in companies of all sizes,” said Sunny Gupta, Apptio CEO. “Cloud services represent a significant investment for every company and yet, managing, optimizing and governing the financial and operational details of the cloud is impossible without data science and machine learning. With Cloudability, Apptio becomes the clear, agnostic market leader providing insights, optimization and business value across all technology investments including public cloud services and hybrid infrastructure.” The integration of Apptio and Cloudability’s technology will focus on cloud/DevOps capabilities including deeper reserved instance planning, predictive forecasting, and others.
https://apptio.com/news

Capvis Acquires Majority Stake in Swiss-Headquartered Xovis AG
Zollikofen and Baar, Switzerland – 15thMay 2019 - Capvis acquires Xovis from funds advised by financial investor Emeram Capital Partners GmbH. The three founders and executive board members of Xovis, Christian Studer, David Studer and Markus Herrli will remain shareholders of the company and continue to follow their successful path together with Capvis. Xovis has developed a solution for the analysis of waiting times and people flows; an important product advantage is that customers receive high-precision people flow data, which have been completely anonymised at the point of measurement. In compliance with data protection regulations, the decentralised calculation on the respective sensors guarantees that no image or personal data is transmitted. David Studer, CEO of Xovis, comments: "Around 75 of the world's largest airports rely on Xovis solutions to reduce waiting times, avoid capacity bottlenecks and increase customer satisfaction. In the international retail business, our sensors provide stationary traders with a transparency that is normally only achieved by online businesses."
https://www.xovis.com/xovis-insights/detail/capvis-invests-in-xovis/

ClearCourse Partnership Acquires Mobile And Digital Fundraising Company
ClearCourse Partnership LLP, a group of innovative technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, has announced its acquisition of instaGiv, one of the UK’s leading providers of mobile and digital fundraising solutions for UK-registered charities. The deal represents an expansion of the fast-growing Partnership’s offering into fundraising and donations. instaGiv is ClearCourse’s eighth acquisition since its foundation in October 2018. Gerry Gualtieri, CEO of ClearCourse, commented: “As one of the market leaders in the mobile donations and fundraising space, instaGiv is an excellent addition to the ClearCourse Partnership. It brings exceptional new products and services to the group that will significantly enhance our group offerings for clients with fundraising requirements. The strategic acquisition will also allow our existing companies to target the fundraising and charity sector with a combined complementary solution incorporating instGiv’s capabilities.”
https://www.clearcoursellp.com/clearcourse-acquires-instagiv

Lightbox Announces Acquisitions of Real Capital Markets and Digital Map Products
New York - 13th May 2019 – LightBox, whose objective is to provide real estate professionals with greater transparency, efficiency and insight at every decision point, has announced the acquisition of RCM and DMP. LightBox was formed in 2018 when technology investment firms Silver Lake and Battery Ventures acquired EDR, a provider of environmental due diligence information. The EDR, Collateral360 and RIMS platforms are workflow software solutions for due diligence, appraisals and compliance. With RCM and DMP,  Lightbox continues its mission to empower decision makers through every step of the real estate workflow. Eric Frank, Chief Executive Officer of LightBox, said: “We are very excited to add the new capabilities and talented teams from RCM and DMP to LightBox. We believe with the right intelligence, workflow software, industry data and analytics, the real estate decision-making process can be exponentially improved. We’re partnering with our clients to connect key segments of the ecosystem – banks, brokers, environmental firms, land developers, builders, appraisers, buyers and more – to the right real estate technology, tools, information and to each other.”
https://www.lightboxre.com/company-news/lightbox-announces-acquisitions-of-real-capital-markets-and-digital-map-products/

Wolters Kluwer’s ELM Solutions Adds Contract Lifecycle Management to Legal Solutions Offerings through Acquisition of CLM Matrix
13th May 13 019 - Wolters Kluwer’s ELM Solutions has extended its best-in-class portfolio of products and services that help corporate legal and claims departments control costs while increasing revenues and improving productivity by acquiring CLM Matrix, a provider of contract lifecycle management (CLM) software. This acquisition enables Wolters Kluwer to offer a more comprehensive suite of technology solutions to address the growing need of corporate legal operations departments to increase responsibility for, and oversight of, the contracting process. “As corporations continue to increase demands on their legal operations, our clients require a contract lifecycle management solution that aligns with our current offerings,” said Jonah Paransky, Executive Vice President and General Manager for Wolters Kluwer’s ELM Solutions.  “We are thrilled to respond to our customers by delivering CLM Matrix’ solutions that provide deep contract management expertise, a strong global presence, and intuitive technology to the customer experience that will improve the legal operations workflow.”
https://wolterskluwer.com/company/newsroom/news/2019/05/wolters-kluwers-elm-solutions-contract-lifecycle-management-legal-solutions-acquisition-clm-matrix.html

VMware to Acquire Bitnami
VMWare has announced it is to acquire Bitnami, the package application company. Terms of the deal were not disclosed. With Bitnami, VMWare will now be able to deliver more than 130 popular software packages in a variety of formats, an approach that will have appeal for the company as it transitions towards a cloud services bias. In the press release announcing the deal, the company said: “Upon close, Bitnami will enable our customers to easily deploy application packages on any cloud — public or hybrid — and in the most optimal format — virtual machine (VM), containers and Kubernetes helm charts. Further, Bitnami will be able to augment our existing efforts to deliver a curated marketplace to VMware customers that offers a rich set of applications and development environments in addition to infrastructure software,”
https://cloud.vmware.com/community/2019/05/15/vmware-to-acquire-bitnami/

Kaseya Acquires ID Agent to Strengthen its Dark Web Monitoring
New York - 6th May 2019 - Kaseya has announced it has acquired cybersecurity start up, ID Agent. The acquisition, further enhances Kaseya’s IT security management suite by adding end-user protection to its existing infrastructure protection suite. In the press release, Kaseya says by using its IT Complete Security Suite, SMBs, and the MSPs who service them, can completely protect their user networks and sensitive data from cybercriminals, ransomware and other malicious attacks. Further, its acquisition of Bowie, Md.-based ID Agent, will mean Kaseya can extend Dark Web monitoring, phishing simulation and security awareness training capabilities to its MSP and IT department customers. Fred Voccola, CEO, Kaseya, said: “We’re thrilled to add ID Agent, our fifth market-leading acquisition in the last 18 months, to the Kaseya family and integrate its visionary cybersecurity solutions into IT Complete, our platform to help IT organizations simplify their tech stack by providing everything an IT department could want – and more.”
Https://Www.Kaseya.Com/Press-Release/Kaseya-Further-Strengthens-It-Complete-Security-Suite-With-Acquisition-Of-Id-Agent-Leading-Provider-Of-Dark-Web-Monitoring-And-Identity-Management/

American Express Aims to Expand Digital Dining Access & Experiences With Acquisition Of Resy Reservation Platform
New York, NY –15th May 2019 - American Express has announced it has signed an agreement to acquire Resy, the digital restaurant reservation booking and management platform. The acquisition will build on the growing suite of digital-first benefits and services from American Express that extend beyond traditional rewards and points, to provide Card Members with access and experiences across travel and lodging, airport lounges, exclusive events, and dining. Founded in 2014, Resy offers a table management, CRM and booking technology suite for restaurants, with a consumer-facing restaurant reservation app and website to elevate and enhance dining experiences worldwide. “American Express is a brand that we have admired and sought to partner with from our inception. There are myriad points of synergy between Resy and American Express that we look forward to pursuing together in the name of creating an end-to-end global dining platform that thrills both diners and restaurants alike,” said Resy’s co-founder and CEO, Ben Leventhal.
https://blog.resy.com/newsroom/american-express-aims-to-expand-digital-dining-access-experiences-with-acquisition-of-resy-reservation-platform/

BC Partners sells majority stake in Acuris to ION Investment Group
Funds advised by BC Partners have announced the sale of a majority stake in Acuris, a global provider of proprietary financial intelligence, data and analytics, to ION Investment Group. ION will acquire a controlling stake in the company from BC Partners and GIC, Singapore’s sovereign wealth fund. BC Partners and Acuris management are reinvesting and will retain minority ownership. Nikos Stathopoulos, Partner at BC Partners and Chairman of Acuris, said, "When we invested in Acuris in 2014, we saw an opportunity to accelerate its growth and to build a strong franchise, in partnership with Hamilton and the management team. We invested significantly in Acuris’ technology platform, expanded geographically, launched new products, content and data sets and executed nine accretive acquisitions, which have allowed us to create new product divisions. We’re proud of the way Acuris has developed over the last five years into a leader in global financial intelligence, data and analytics, and see significant potential for further value creation. ION’s complementary capabilities, technologies and customers make it an ideal partner to support the next stage of Acuris’ growth.”
https://www.acuris.com/bc-partners-sells-majority-stake-acuris-ion-investment-group

Building Engines, Inc. Acquires Real Data Management
Boston, Massachusetts – 5th May 2019 - Building Engines, the Commercial Real Estate (CRE) industry's innovation leader in intelligent building operations software, has announced its acquisition of Real Data Management (RDM), pioneer of best-in-class building measurement and space visualization software and solutions. RDM empowers CRE landlords, investors, brokers and managers to better understand and visualize the full potential value of their buildings. Customers have realized immense value through real-time, cloud access to their property floor plans, tenant lease information, and ability to instantly create planning scenarios that create greater efficiencies in leasing, asset, and property management. The company delivers hard, quantifiable ROI along with proven experience. “We’re excited to welcome RDM to the Building Engines family,” said Building Engines CEO Tim Curran. “Not only is their software entirely unique, but its intuitive functionality is also used daily by CRE firms to better visualize and optimize their rentable space. Together with Building Engines’ robust suite of intelligent building operations tools, we will bring to market the best way for property teams to maximize asset value. Our forthcoming combined solution will far surpass static, two-dimensional stacking plans, and lifeless, tabular grids currently used for CRE property management.”
https://www.buildingengines.com/building-engines-acquires-real-data-management

17 May 2019