Genpact agrees to acquire dynamic Workflow Platform provider, PNMsoft
New York - June 27, 2016 – Genpact, a digitally-powered business process management and services organisation, has announced that it has entered into a definitive agreement to acquire PNMsoft, a Gartner Magic Quadrant-rated dynamic workflow, case management and work optimization solutions provider, based in Tel Aviv, Israel. PNMsoft complements and easily integrates pre-existing systems of records that typically host manual process work, and will act as a core component in Genpact’s digital portfolio whose roadmap comprises close to 100 digital solution components (“digital assets”). Terms of the transaction were not disclosed. Closing is subject to satisfaction of certain customary conditions and expected in the third quarter. The transaction is not expected to be material to current year financial performance. http://www.genpact.com/about-us/media/press-releases/2016-genpact-agrees...
Jeff Jacobson to become CEO of Xerox Corporation following completion of separation
June 23, 2016 - Xerox has announced that its board of directors appointed Jeff Jacobson to be Chief Executive Officer of Xerox Corporation following the completion of the company’s planned separation into two publicly traded companies. Jacobson currently serves as President of Xerox Technology and will continue in his current role until the separation is complete. “Jeff is a great leader with a passion for our business and employees, deep customer relationships and a clear strategic vision to capitalize on the opportunities ahead,” said Ursula Burns. “During his four years at Xerox, Jeff has driven significant productivity and cost efficiency efforts while maintaining our commitment to innovation, quality and leading technology. With his previous public-company CEO experience and his track record and achievements at Xerox, the Board and I are confident he is the best person to lead Xerox forward.” http://news.xerox.com/news/Xerox-appoints-new-CEO-following-company-sepa...
OpenText signs definitive agreement to acquire Customer Communications Management (CCM) and other assets of HP Inc. for $315 million
Waterloo, Ontario – 20th June 2016 - Open Text Corporation an Enterprise Information Management company, has announced that it has entered into a definitive agreement to acquire the Customer Communications Management (CCM) assets from HP Inc, including HP Exstream, HP Output Management, HP TeleForm and HP LiquidOffice for customer communications management, process automation and document delivery solutions. OpenText expects this acquisition to complement OpenText StreamServe, OpenText MediaManager, OpenText TeamSite, and OpenText MediaBin, and allow OpenText to better serve its customers by offering a wider set of CCM capabilities in areas including authoring, workflow and composition for multichannel document presentment and interactive communications. OpenText and HP Inc. also announced that they are exploring opportunities to work together in the future to expand their software solutions to customers and serve a broad range of customer needs. http://www.opentext.com/who-we-are/press-releases?id=FCFC952995B24F4EB18...
Francisco Partners and Elliott Management to acquire the Dell Software Group
Round Rock, Texas – 20th June 2016 - Francisco Partners, a technology-focused private equity firm, Elliott Management Corporation and Dell have announced they have signed a definitive agreement for Francisco Partners and Elliott to acquire the Dell Software Group. The agreement bolsters Francisco Partners and Elliott Management’s technology portfolios with the addition of Dell Software’s diverse combination of security, systems and information management and data analytics solutions. “We founded our firm in 1999 to pursue divisional carve outs in the technology sector and today’s agreement continues that vision,” said Dipanjan “DJ” Deb, Francisco Partners’ Chief Executive Officer. “Quest Software and SonicWALL provide mission-critical software to a large and loyal base of over 180,000 customers, and we see significant opportunity to build upon the company’s impressive technology and product portfolio. We are excited to be partnering with Elliott Management and want to thank Silver Lake Partners and Dell for their continued partnership.” http://www.dell.com/learn/us/en/uscorp1/secure/2016-06-20-francisco-part...
Twitter acquires Magic Pony Technology for $150 million
With its $150 million acquisition of Magic Pony Technology, Twitter is investing in machine learning. Calling machine learning "the core of everything we build at Twitter,” CEO Jack Dorsey blogged that the acquisition builds on other investments his company has made - the acquisition of Madbits in July 2014 and Whetlab in June 2015. Magic Pony’s team will join Twitter Cortex, a team of engineers, data scientists and machine learning researchers “dedicated to building a product in which people can easily find new experiences to share and participate in.” Magic Pony’s technology is based on research by the team to create algorithms that can understand the features of imagery and will be used to enhance live and video, opening up a plethora of creative possibilities for Twitter. https://blog.twitter.com/2016/increasing-our-investment-in-machine-learning
Microsoft acquires Wand Labs to accelerate innovation in Bing intelligence and Conversation as a Platform
June 16 2016 - Microsoft has acquired messaging app developer, Wand Labs. This acquisition accelerates Microsoft’s vision and strategy for Conversation as a Platform, which Satya Nadella introduced at their “Build 2016” conference in March. Wand Labs’ technology and talent will strengthen Microsoft’s position in the emerging era of conversational intelligence, bringing together the power of human language with advanced machine intelligence - connecting people to knowledge, information, services and other people in more relevant and natural ways. It builds on and extends the power of the Bing, Microsoft Azure, Office 365 and Windows platforms to empower developers everywhere. http://blogs.microsoft.com/blog/2016/06/16/microsoft-acquires-wand-labs-...
Xerox Announces New Business Process Outsourcing Company Will Be Named “Conduent”; Document Technology Company Will Retain the Xerox Brand
Jun 16, 2016 - Norwalk, Connecticutt - Xerox has announced the names of the new companies that will be created following the completion of its separation into two publicly traded companies. The Business Process Outsourcing company will be named “Conduent Inc.” and the Document Technology company will continue to be called Xerox Corporation. Conduent reflects the company’s position as a partner to businesses and governments, delivering experiences that drive satisfaction and retention among consumers, patients, commuters and employees. With approximately $7 billion in 2015 revenue and 96,000 employees worldwide, Conduent will be a Fortune 500 scale business process services company with expertise in transaction-intensive processing, analytics and automation. Conduent’s differentiated offerings touch millions of lives, including two-thirds of all insured patients in the U.S. and more than half of all mobile phone subscribers in the U.S. It will have the second-largest market share in the business process outsourcing industry. http://news.xerox.com/news/Xerox-announces-new-BPO-company-Conduent
EPAM and ADAM Announce Next Generation E-Commerce Solution
Ghent, Belgium and Newtown, Pennsylvania - June 20, 2016 - EPAM Systems, Inc, a global provider of product development and software engineering solutions, has announced a next generation e-Commerce solution with long-standing partner, ADAM Software, a digital asset management (DAM) solutions provider that specializes in creating engaging brand experiences. EPAM and ADAM have previously collaborated on joint market and sales programs and the launch of the new Digital Asset Accelerator for Hybris will extend their partnership, creating more efficiencies for customers. Hybris customers can now easily create rich shopping experiences by integrating creative content into customer facing storefronts by using the Digital Asset Accelerator to implement premier DAM solutions that accelerate client growth, integrate with content management systems (CMS) and fully automate software customized for e-Commerce. https://www.adamsoftware.net/2016/06/epam-adam-announce-next-generation-...
Gong.io raises $6M in Series A to pioneer Sales Conversation Intelligence Software
Jun 21, 2016 - Palo Alto, California and Tel Aviv, Israel - Gong.io, a SaaS company pioneering the B2B Sales Conversation Intelligence field, has announced $6 million in Series A funding. The round was led by Norwest Venture Partners and Check Point Co-Founder Shlomo Kramer. Gong uses Artificial Intelligence (AI) and machine learning to help B2B sales teams win more deals by recognizing patterns from thousands of hours of sales conversations. Co-founded by Amit Bendov and Eilon Reshef, Gong is led by a strong team of executives, scientists and engineers and funded by top-tier investors. Gong’s mission is to help sales people succeed, help companies sell more and help buyers enjoy a better experience. Gong achieves this by analysing spoken conversations to remove the guesswork for sales teams. https://www.gong.io/company/
Neopost has signed an agreement to acquire icon Systemhaus GmbH
Paris - 14 June 2016 - Neopost, the number two global supplier of Mail Solutions and a major player in digital Communication and Shipping Solutions, has announced that it has signed an agreement to acquire icon Systemhaus GmbH, the German Customer Communication Management solutions organisation. icon primarily develops Customer Communication Management solutions, known as the DOPiX Suite and targets Financial Services & Insurance companies, predominantly in Germany, Austria and Switzerland. More specifically, it enjoys a strong position in the insurance industry, with among its clients 75% of the top 30 German companies. Headquartered in Stuttgart (Germany), icon is also present in Austria (Vienna) and in the USA (New York). It enjoys strong growth potential thanks to its IBM partnership and recognition and last year, posted revenues of €13 million. The transaction is expected to be closed by July 2016. http://www.neopost.com/sites/neopost.com/files/PressRelease/File/icon_ac...
Microsoft to acquire LinkedIn for $26.2 billion
Redmond, Washington and Moutain View, California - June 13, 2016 — Microsoft Corp. and LinkedIn Corporation have announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, Chairman of the Board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year. LinkedIn is the world’s largest and most valuable professional network and continues to build a strong and growing business. Over the past year, the company has launched a new version of its mobile app that has led to increased member engagement; enhanced the LinkedIn newsfeed to deliver better business insights; acquired a leading online learning platform called Lynda.com to enter a new market; and rolled out a new version of its Recruiter product to its enterprise customers. These innovations have resulted in increased membership, engagement and financial results, specifically: http://news.microsoft.com/2016/06/13/microsoft-to-acquire-linkedin/#sm.0...
Nuxeo secures $10 million to accelerate global rollout of content and Digital Asset Management Platform
New York, New York - June 8, 2016 - Nuxeo, developer of an Enterprise Content Management (ECM) platform which enables organizations to manage complex digital content at massive scale, has announced that it has closed a financing round with $10 million committed by Kennet Partners. The capital will be used to expand sales capacity in North America and support international growth in Europe and Asia. Since its last funding in 2013, Nuxeo has experienced substantial growth, particularly in the US, which now represents half of the company’s revenues, and has established itself as a key challenger in the ECM market. “The ECM market is facing a significant transformation due to three major disruptions: complexity of data, volume of digital content, and diversity of delivery channels... This investment will help us respond to the increasing demands for a flexible, extensible and powerful platform by accelerating the hiring of world-class developers and growing our international presence in areas such as Northern Europe and Asia,” said Eric Barroca, CEO at Nuxeo. http://www.nuxeo.com/media-center/nuxeo-secures-10-million-to-accelerate...
People-based marketing company, Signal raises $30 million in funding led by I2A
Chicago - June 7, 2016 - Signal, a real-time, people-based marketing technology company, has announced that it has raised $30M in Series E funding. I2A led the round with participation from other major investors, including Pritzker Group Venture Capital, Baird Capital, EPIC Ventures, and Silicon Valley Bank. Signal will use the proceeds to further accelerate and expand its technology platform and organization globally to take advantage of the strong and growing demand for addressable marketing solutions around the world. With one platform, Signal’s integrated technology combines data collection, persistent identification, data onboarding and media activation for real-time cross-channel engagement. By leveraging Signal’s platform, brands and publishers gain immediate knowledge of buyers, access to high quality audiences and a simplified activation process to engage consumers within minutes of recognition. The platform facilitates billions of data requests monthly, supporting top brands around the world that generate more than $1.5 trillion in commerce. http://www.signal.co/press-releases/people-based-marketing-leader-signal...
OpenText signs definitive agreement to acquire Recommind, Inc. for $163 million
Waterloo, Ontario – June 2nd 2016 - Open Text Corporation an organisation specialising in Enterprise Information Management, has announced that it has entered into a definitive agreement to acquire privately-held Recommind, Inc, a provider of eDiscovery and information analytics. Recommind’s SaaS and managed services solutions include; Axcelerate for eDiscovery review and analysis, Perceptiv for contract analytics and Decisiv for enterprise-wide information access. With this acquisition, Recommind’s eDiscovery solution will complement OpenText’s own enterprise information management (EIM) solutions. In addition, this acquisition is expected to expand OpenText’s expertise in cloud and developing and using analytics to solve concrete and expensive business problems. http://www.opentext.com/who-we-are/press-releases?id=D6EFA7C0495D4E6AA97...
