Weekly M&A Round Up & Software Sector Insights

27 July 2018

Boss Insights – Weekly M&A Round Up – 27th July 2018

OASIS Group Completes Acquisition of Box-It UK
Chester, UK - 25th July 2018 - OASIS Group, a European records and information management (RIM), has confirmed the completion of a Box-it UK Limited franchise. In a deal finalised on July 13th, the company acquired Box-it North West located in Chester, UK. Chester was undoubtedly a region of extreme interest for OASIS. Confirming their efforts for expansion is on the forefront of their overall growth strategy, this new highly sought-after location bridges the gap across their already strong footprint currently in place throughout the North and South of the country. Brian Connolly, Chief Executive Officer of OASIS Group, said, “Our clients are our top priority and we hope they will see this addition as a commitment to them. This acquisition provides us with a great location which in turn allows us to expand on the ever increasing and wide range of services we offer our clients”. Providing a suite of RIM services, from GDPR Readiness to intricate archiving solutions, this transaction marks the 36th successful acquisition for OASIS Group.

Quantel Medical opens up new markets with its acquisition of ECM's medical activities
Angoulême, France - 25th July 2018 - Quantel Medical, a LUMIBIRD Group subsidiary, has taken a further step forward with its development by acquiring the medical activities of ECM, an IMV Technologies group subsidiary. Currently renowned for ophthalmic diagnosis ultrasound solutions, Quantel Medical is opening up to other markets such as sports, general and hospital medicine. Based in Angoulême, France, ECM, an IMV Technologies group subsidiary, has specialized in dedicated ultrasound devices for human and veterinary medicine for the past 30 years. "ECM has developed an innovative product portfolio based on technologies that dovetail effectively with our own'', said Jean-Marc Gendre, CEO at Quantel Medical. “This acquisition will enable us to move into demanding markets such as emergency medicine or the treatment of musculoskeletal disorders with targeted products that effectively meet the needs of various specialties".

IDS and Mach7 Technologies Partner to Provide an End-to-End Clinical Workflow Solution Inclusive Orlando, Florida – 23rd July 2018 – IDS, a cloud-based health information management services company, has announced a new partnership agreement with Mach7 Technologies, a company offering enterprise imaging and clinical systems interoperability. Together, these innovative companies will enable a world-class solution for end-to-end clinical workflow inclusive of enterprise content management (ECM). Mike Jackman, Mach7 CEO stated “Jointly, IDS and Mach7 will deliver unique and advanced technologies to the healthcare sector—enterprise content management (ECM), enabling intelligent clinical document workflow, VNA, and PACS. Offered in the cloud or on-premise, together we can manage the entire range of content within a healthcare enterprise.”

Alibaba Group Pays $1.43 Billion for Minority Stake in Focus Media Information Technology Co.
Hangzhou & Shanghai, China – 19th July 2018 - Alibaba will pay $1.43 billion for a 6.62% share of Shanghai-based Focus Media, whose digital advertising screens can be seen on streets, in subways and in elevators across 300 Chinese cities, reaching 200 million middle-class consumers. In addition to those pre-existing shares, Alibaba said it plans to acquire another 5% interest in Focus Media within the next 12 months. The company also will purchase a 10% stake in an entity controlled by Focus Media founder and Chairman Jason Nanchun Jiang, which controls 23.34% of Focus Media, for $504.7 million. New Retail Strategic Opportunities Fund L.P., a non-consolidated, related party of Alibaba, will acquire a 1.37% interest in Focus Media as well. The total investment, not including the expected additional 5% purchase, will be $2.23 billion, giving Alibaba a 10.32% stake.

Aegis and STARTEK Complete Merger to Create Global Leader in Customer Experience Management
Singapore, & Greenwood Village, CO, USA - 20th July 2018 - Aegis, a portfolio company of Capital Square Partners (CSP), and StarTek, Inc, both providers of outsourcing and technology services, have announced that they have completed a business combination transaction with the intention of creating a leading customer experience management offering with combined pro forma 2017 revenues exceeding US$700 million. The combined business will remain publicly listed on the NYSE under the name “StarTek, Inc.” and the ticker symbol “SRT,” and the headquarters will remain outside of Denver, CO. The combined business has over 50,000 employees and a significant presence across 66 business process outsourcing (BPO) locations in 13 countries and 6 continents.

Nitor Infotech Acquires Spoton Software; Expands Footprint In Mobility, Iot & Data Science
Pune, India - 18th July 2018  - Nitor Infotech, a software product development firm serving ISVs and enterprise customers globally, has announced that it has acquired SpotOn Software, an outsourced product development company specialising in product engineering and enterprise solutions. The acquisition is a strategic move that will enable Nitor to leverage SpotOn’s expertise in Enterprise Mobility, IoT, Product Modernization, Data Science and Analytics. It allows Nitor to expand rapidly with SpotOn’s current and prospect customers getting access to a specialized portfolio of services. “While our organic growth is heading in the right trajectory, we aim to push our inorganic growth strategy to complement our overall growth. With SpotOn joining the Nitor family, we will be able to scale up business in areas aced by SpotOn. This acquisition also offers a great opportunity for Nitor to access wider markets and execute newer and more challenging projects for our clients.” said Nitor’s Founder & Managing Director, C. E. Potnis.

See more at: https://www.nitorinfotech.com/nitor-infotech-acquires-spoton-software-ex... Signs Definitive Agreement to Acquire Datorama for $800 Million
16th July 2018 - Salesforce has signed a definitive agreement to acquire Datorama, the cloud-based, AI-powered marketing intelligence and analytics platform for enterprises, agencies and publishers. Datorama enables more than 3,000 leading global agencies and brands—including PepsiCo, Ticketmaster, Trivago, Unilever, Pernod Ricard and Foursquare—to optimize marketing campaigns, automate reporting and make data-driven decisions faster. Salesforce's acquisition of Datorama will enhance the power of Marketing Cloud with expanded data integration and intelligence, enabling marketers to unlock insights across all of their marketing channels and data sources. With one unified view of data and insights, companies can make smarter decisions across the entire customer journey and optimize engagement at scale. The acquisition strengthens Salesforce’s ability to empower brands to deliver smarter, more personalized and connected customer experiences. https://www.salesforce.com/company/news-press/stories/2018/July/071618/