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Posts Tagged ‘M&A’

Apple has acquired Fleetsmith, a startup that helps IT manage Apple devices remotely

At a time where IT has to help employees set up and manage devices remotely, a service that simplifies those processes could certainly come in handy. Apple recognized that, and acquired Fleetsmith today, a startup that helps companies do precisely that with Apple devices. While Apple didn’t publicize the acquisition, it has confirmed the deal ...

Xerox drops $34B HP takeover bid amid COVID-19 uncertainty

Xerox announced today that it would be dropping its hostile takeover bid of HP. The drama began last fall with a flurry of increasingly angry letters between the two companies, and confrontational actions from Xerox, including an attempt to take over the HP board that had rejected its takeover overtures. All that came crashing to ...

Chargify acquires Keen to bring event-based billing to its platform

Chargify, the subscription billing platform, announced today that it has acquired event streaming company, Keen for an undisclosed amount. One interesting aspect of this deal is that both companies are part of the Scaleworks private equity firm’s stable of companies. Keen gives Chargify an event streaming business, and it has taken advantage of that by ...

Sprint/T-Mobile merger gets federal judge approval

The U.S. mobile landscape is on track to look a whole lot different. A hotly contested $26 billion deal between T-Mobile and Sprint just got the go ahead from a U.S. district court judge. The merger would combine the country’s third and fourth largest mobile carriers, effectively reducing the number of key carriers from four ...

Infosys is acquiring Simplus for $250M to grow its Salesforce consulting arm

Infosys is a huge consulting organization based in India, which works with clients as they implement complex software integrations. Today, the company announced it was buying Simplus, a Salesforce integration consultant, for $250 million. The company, which is based in Salt Lake City, Utah, launched in 2014 and has raised almost $50 million, according to ...

Forescout to be acquired by a pair of private equity firms for $1.9B

Forescout, the network security company that has been publicly traded since 2017, announced today it was going private again. Private equity firms Advent International and Crosspoint Capital are acquiring the company in an all-cash purchase of $1.9 billion. The two private equity firms will pay $33 per share, which represented a premium of 30% over ...

Koch Industries acquires Infor in deal pegged at nearly $13B

Infor announced today that Koch Industries has bought the company in a deal sources peg at close to $13 billion. Infor, which makes large-scale cloud ERP software, has been around since 2002 and counts Koch as both a customer and an investor, so the deal makes sense on that level. Koch was lead investor last ...

Bird confirms acquisition of Berlin scooter rival Circ

If you didn’t see this coming, then clearly you didn’t have your eyes on the road. Bird, the LA-founded e-scooter giant, has confirmed that it is acquiring European competitor Circ, the micromobility company founded by Lukasz Gadowski of Delivery Hero fame. The deal, for which terms remain undisclosed, was first reported by FT late last ...

Visa’s Plaid acquisition shows a shifting financial services landscape

When Visa bought Plaid this week for $5.3 billion, a figure that was twice its private valuation, it was a clear signal that traditional financial services companies are looking for ways to modernize their approach to business. With Plaid, Visa picks up a modern set of developer APIs that work behind the scenes to facilitate ...

The crypto rich find security in Anchorage

Not the city, the $57 million-funded cryptocurrency custodian startup. When someone wants to keep tens or hundreds of millions of dollars in Bitcoin, Ethereum, or other coins safe, they put them in Anchorage’s vault. And now they can trade straight from custody so they never have to worry about getting robbed mid-transaction. With backing from ...