Posts filtered by tags: M.A.[x]


 

Drupal’s journey from dorm-room project to billion-dollar exit

Twenty years ago Drupal and Acquia founder Dries Buytaert was a college student at the University of Antwerp. He wanted to put his burgeoning programming skills to work by building a communications tool for his dorm. That simple idea evolved over time into the open-source Drupal web content management system, and eventually a commercial company called Acquia built on top of it. Buytaert would later raise over $180 million and exit in 2019 when the company was acquired by Vista Equity Partners fo...
Tags: Amazon, Fundings & Exits, TC, Open Source, Cloud, Enterprise, Tech, Php, Mysql, SaaS, M&a, Web Content Management, Drupal, Vista Equity Partners, WCM, Acquia


2021 is shaping up to be a busy year for healthcare dealmaking

Hollis Johnson/Business Insider Hello,We've made it to the end of a shorter - but no less eventful - workweek. We end the week with a new president, and I for one am looking forward to what stories emerge as President Joe Biden's policies start to impact the business of healthcare. This week, we spent our time (when not tuning into the inauguration) covering what the Biden administration's vaccine plans are, tracking the latest developments at billion-dollar startups Cityblock Health and A...
Tags: Google, Trends, Joe Biden, Healthcare, Mark Cuban, M&a, Silicon Valley, Vaccine, Biden, Shark Tank, Trump, Reuters, Jpmorgan, Blake, Gilead Sciences, Shelby


Wattpad, the storytelling platform, is selling to South Korea’s Naver for $600 million

Wattpad, the 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired by Naver, the South Korean conglomerate, in a $600 million cash-and-stock deal. Naver plans to incorporate at least part of the business into another of its holdings, the publishing platform Webtoon, which Naver launched in 2004, brought to the U.S. in 2014, and that features thousands of comic strips created by its users. It also has a huge audience. According t...
Tags: Apple, TC, Asia, South Korea, Entertainment, Toronto, Tech, Netflix, Canada, United States, Korea, M&a, Tokyo, Naver, Wattpad, Webtoon


Coherent skyrockets 33% after Lumentum announces $5.7 billion acquisition of rival laser maker

Coherent. SOPA Images/Getty Images Coherent stock spiked 33% Tuesday after Lumentum announced it will acquire the rival laser maker for $5.7 billion. Shares of Lumentum fell on the news, losing almost $900 million in market cap versus Friday's closing figures. Both companies are rated favorably by analysts, boasting a combined 18 "buy" ratings versus just two "sell" ratings. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Coherent skyrocketed 33% Tuesday...
Tags: Trends, Markets, M&a, Lasers, San Jose, Stock Market, Santa Clara, Acquisition, MicroStrategy, Mattes, Tech Stocks, Lumentum, Michael Saylor, Andy Mattes, Coherent, Will Daniel


Citrix is acquiring Wrike from Vista for $2.25B

Citrix announced today that it plans to acquire Wrike, a SaaS project management platform, from Vista Equity Partners for $2.25 billion. Vista bought the company just two years ago. Citrix, which is best known for its digital workspaces, sees this as a good match, especially at a time where employees have been forced to work from home because of the pandemic. By combining the two companies, it produces a powerful combination, one that didn’t escape Citrix CEO and president David Henshall “Togeth...
Tags: Fundings & Exits, TC, Cloud, Enterprise, Tech, Vista, SaaS, M&a, Private Equity, Mergers and Acquisitions, Project Management, Citrix, Vista Equity Partners, ARR, Wrike, Andrew Filev


Lessons from Top Hat’s acquisition spree

Top Hat, a startup that digitizes textbooks and turns them into an interactive experience for college students, announced on Wednesday that it has acquired yet another business: Fountainhead Press. The acquisition marks Top Hat’s third scoop of a publishing company in the past 12 months. Consolidation is going to be huge in the next few years for edtech, as bigger players raise enough financing (and gain profits) to be able to afford other businesses. Top Hat’s whole business ...
Tags: Startups, TC, Learning, Tech, M&a, Merger, Edtech, Acquisition, Pearson, E-learning, Top Hat, Mike Silagadze


Desktop Metal buys fellow 3D printing company EnvisionTEC for $300M

Desktop Metal this morning announced its intention to purchase fellow 3D printing company EnvisionTEC. Founded in Germany in 2002, EnvisionTEC specializes in photopolymer additive manufacturing, putting its technology in more direct competition with the likes of 3D printing darling Carbon than Desktop Metal’s own existing portfolio. The deal follows Desktop Metal’s push to go public last August as part of a growing trend of SPAC mergers. Prior to this, the company had raised no shortage of its o...
Tags: Hardware, Germany, Tech, 3d Printing, Ford, M&a, Mergers and Acquisitions, SPAC, Desktop Metal, Ric Fulop, Smile Direct Club, EnvisionTEC, Hasbro Fulop


Home services platform Porch acquires four companies

Only a few weeks after its SPAC IPO, Porch today announced that it has made four acquisitions, worth a total of $122 million. The most important here is probably the acquisition of Homeowners of America for $100 million, which gets Porch deeper into the home insurance space. In addition, Porch is also acquiring mover marketing and data platform V12 for $22 million, as well as home inspection service Palm-Tech and iRoofing, a SaaS application for roofing contractors. Porch did not disclose the ac...
Tags: TC, Real Estate, Texas, Finance, Virginia, Insurance, Tech, Georgia, Software, United States, Arizona, M&a, Mergers and Acquisitions, Financial Services, North Carolina, Porch


Marketers crank up the vaccine push

Hi and welcome to this weekly edition of Insider Advertising, where I break down the big stories in media and advertising. I'm Lucia Moses, deputy editor.Remember you can sign up to get this newsletter daily here. This week: Marketers ramp up push to convince vaccine skeptics, all the media deals to watch, and inside Gab. Smith showed off his bandage to the press at the University of Louisville Hospital. Jon Cherry/Getty Images Marketers try to convince vaccine skeptics The COVID-19 vacc...
Tags: Apple, Media, Instagram, Youtube, Advertising, Disney, Trends, Bloomberg, Cnn, Netflix, Comcast, Nbcuniversal, M&a, Dell, Pfizer, Council


Weber acquires smart cooking startup June

Outdoor cooking industry leader and famed kettle-grill-maker Weber has acquired June, the smart cooking startup founded in 2013 by Matt Van Horn and Nikhil Bhogal. While financial terms of the deal weren’t disclosed, Weber has confirmed that June will continue to operate as its own brand wholly owned by Weber-Stephen Products and will continue to both sell and develop the June Oven and related products. Meanwhile, June co-founder Nikhil Bhogal will take on a role as SVP of Technology and Connect...
Tags: Apple, Food, Cooking, Startups, TC, Gadgets, Hardware, Tech, M&a, Hobbies, Grilling, Barbecue, First Round Capital, Exit, Weber, Jim


Weber acquires smart cooking start-up June

Outdoor cooking industry leader and famed Kettle grill-maker Weber has acquired June, the smart cooking startup founded in 2013 by Matt Van Horn and Nikhil Bhogal. While financial terms of the deal weren’t disclosed, Weber has confirmed that June will continue to operate as its own branded wholly owned by Weber-Stephen Products, and will continue to both sell and develop the June Oven and related products. Meanwhile, June co-founder Nikhil Bhogal will take on a role as SVP of Technology and Conn...
Tags: Apple, Energy, Kitchen, Food, Cooking, Startups, TC, Gadgets, Hardware, Tech, Ceo, President, M&a, Hobbies, Grilling, Barbecue


F5 snags Volterra multi-cloud management startup for $500M

Applications networking company F5 announced today that it is acquiring Volterra, a multi-cloud management startup, for $500 million. That breaks down to $440 million in cash and $60 million in deferred and unvested incentive compensation. Volterra emerged in 2019 with a $50 million investment from multiple sources, including Khosla Ventures and Mayfield, along with strategic investors like M12 (Microsoft’s venture arm) and Samsung Ventures. As the company described it to me at the time of th...
Tags: Fundings & Exits, Startups, TC, Cloud, Enterprise, Microsoft, Tech, M&a, Mergers and Acquisitions, Samsung Ventures, Khosla Ventures, Exit, Mayfield, Volterra, Francois Locoh Donou, F5


Epic acquires Rad Game Tools, veteran of many gaming generations

Epic today announced the acquisition of Rad Game Tools, maker of game development tools for many years. They’ve stayed largely behind the scenes, but many gamers will recognize the colorful Bink Video logo, which has appeared in the openings of many a title over the years. “Our work with Epic goes back decades, and joining forces is a natural next step given our alignment on products, mission, and culture,” said Rad Game Tools founder and CEO Jeff Roberts said in the announcement. And it has see...
Tags: Gaming, Tech, Epic, Sony, M&a, Epic Games, Unreal Engine, Unreal, Jeff Roberts, Bink, Unreal Engine Epic, Rad Game Tools, Bink Video


RedHat is acquiring container security company StackRox

RedHat today announced that it’s acquiring container security startup StackRox . The companies did not share the purchase price. RedHat, which is perhaps best known for its enterprise Linux products has been making the shift to the cloud in recent years. IBM purchased the company in 2018 for a hefty $34 billion and has been leveraging that acquisition as part of a shift to a hybrid cloud strategy under CEO Arvind Krishna. The acquisition fits nicely with RedHat OpenShift, its container platfor...
Tags: Google, Security, Fundings & Exits, Startups, Cloud, Enterprise, Tech, M&a, Ibm, Mergers and Acquisitions, Kubernetes, Red Hat, Palo Alto Networks, Exit, Shah, Paul Cormier


Voyager Space Holdings to acquire majority stake in commercial space leader Nanoracks

Voyager Space Holdings continues to build up its portfolio of strategic space service offerings with the acquisition of a majority stake in X.O. Markets, the parent company of Nanoracks. Nanoracks has provided commercial space services for years now, and most recently provided the Bishop Airlock that was installed on the International Space Station. Bishop is the first dedicated commercial permanent airlock on the ISS, and will provide a major increase in capabilities in terms of providing ac...
Tags: TC, Space, Tech, International Space Station, M&a, Relativity, Iss, Spaceflight, Aerospace, Outer Space, NanoRacks, Private Spaceflight, Virgin Orbit, Voyager, Launch Company, Firefly Aerospace


Looking ahead after 2020’s epic M&A spree

When we examine any year in enterprise M&A, it’s tempting to highlight the biggest, gaudiest deals — and there were plenty of those in 2020. I’ve written about 34 acquisitions so far this year. Of those, 15 were worth $1 billion or more, 12 were small enough to not require that the companies disclose the price and the remainder fell somewhere in between. Four deals involving chip companies coming together totaled over $100 billion on their own. While nobody does eye-popping M&A quite like the ch...
Tags: Fundings & Exits, TC, Cloud, Enterprise, Tech, United States, M&a, Mergers and Acquisitions, Atlassian, Vmware, COVID-19, Halp


Peloton to acquire fitness equipment maker Precor in $420M bid to grow commercial business

Peloton has announced that it intends to acquire Precor, one of the world’s largest suppliers of commercial fitness equipment. You probably recognize the Precor brand name if you’ve ever spent time in a hotel or standalone commercial gym, which is exactly why Peloton making this purchase makes a ton of sense at this particular time for the hot home workout brand. The Precor acquisition will be made via a deal that’s valued at a total of $420 million, and in addition to expanding its commercia...
Tags: Health, TC, Hardware, Fitness, Washington, Tech, Companies, United States, President, M&a, North Carolina, Woodinville Washington, Precor, Peloton, Anta Sports, Precore


IBM snags Nordcloud to add multi-cloud consulting expertise

IBM has been busy since it announced plans to spin out its legacy infrastructure management business in October, placing an all-in bet on the hybrid cloud. Today, it built on that bet by acquiring Helsinki-based multi-cloud consulting firm Nordcloud. The companies did not share the purchase price. Nordcloud fits neatly into this strategy with 500 consultants certified in AWS, Azure and Google Cloud Platform; giving the company a trained staff of experts to help as they move away from an IBM -c...
Tags: Fundings & Exits, TC, Cloud, Enterprise, Tech, Amsterdam, M&a, Ibm, Mergers and Acquisitions, Consulting, Cnbc, Sap, Red Hat, Google Cloud Platform, Helsinki, Granger


Thoma Bravo to acquire RealPage property management platform for $10.2B

The busy year in M&A continued this weekend when private equity firm Thoma Bravo announced it was acquiring RealPage for $10.2B. In RealPage, Thoma Bravo is getting a full-service property management platform with services like renter portals, site management, expense management and financial analysis for building and property owners. Orlando Bravo, Founder and a Managing Partner of Thoma Bravo sees a company that they can work with and build on its previous track record. “RealPage’s indus...
Tags: Startups, TC, Real Estate, Enterprise, Bravo, M&a, Private Equity, Mergers and Acquisitions, Winn, Thoma Bravo, Steve Winn, Realpage, RealPage Thoma Bravo, Orlando Bravo Founder


Lockheed Martin acquires rocket engine maker Aerojet Rocketdyne for $4.4B as space heats up

Lockheed Martin (LM), the U.S.’s largest defence contractor, will acquire Aerojet Rocketdyne (AR), a rocket engine and missile manufacturer, for $4.4 billion including debt and net cash, giving the company a larger stake in space and hypersonic technology. The move comes amid the context of increasing competition in the Space and Defence industries. In a news release, the company said the proposed acquisition adds substantial expertise in propulsion to Lockheed Martin’s portfolio and that ...
Tags: TC, Space, Spacex, Tech, Department Of Defense, Nasa, Atlas, United States, Delta, M&a, Mergers and Acquisitions, Lockheed Martin, United Launch Alliance, Defense Department, Lockheed, U.s. Government


2020’s top 10 enterprise M&A deals totaled a staggering $165B

While 2020 won’t be remembered fondly by many of us for much of anything, it was a blockbuster year for enterprise M&A with the top 10 deals totaling an astounding $165.2 billion. This is the third straight year I’ve done this compilation. Last year the number was $40 billion. The year prior it was $87 billion. Those numbers pale in comparison to 2020’s result. Last year’s biggest deal — Salesforce buying Tableau for $15.7 billion — would have only been good for fifth place on this year’s list. ...
Tags: Fundings & Exits, TC, Enterprise, Tech, ERP, Vista, Switzerland, M&a, Private Equity, Mergers and Acquisitions, Morgan Stanley, Year In Review, KKR, Intuit, Vmware, Credit Karma


MessageBird acquires real-time notifications and in-app messaging platform Pusher for $35M

MessageBird, the omnichannel cloud communications platform recently valued at $3 billion following a Series C round in October, has acquired London-based real-time web technologies company Pusher. The acquisition price is $35 million, and sees Pusher co-founder and CEO Max Williams and the 25-person Pusher team join Amsterdam-headquartered MessageBird . (In 2018, Pusher told TechCrunch it had a team of 60, so there has obviously been some cost-cutting in recent years.) The Pusher product wi...
Tags: Fundings & Exits, Startups, TC, Europe, London, Tech, Facebook Messenger, Amsterdam, M&a, Mergers and Acquisitions, Twilio, Sdk, Exit, Pusher, Max Williams, Messagebird


Experts say these 9 specialty retailers are the most promising M&A targets in 2021

REUTERS/Carlo Allegri Coronavirus hit retailers hard in 2020, and 2021 is likely to start on a similarly grim note, even for retailers that had viable businesses before the pandemic. After the holidays, some of these retailers might look seriously at finding buyers who can get them through the rest of the pandemic and help chart a new course afterward. Here are 9 retailers and brands that analysts say could be attractive targets for rivals, private equity firms or even landlords as we ent...
Tags: Amazon, Europe, London, Microsoft, Navy, China, Trends, Features, Getty Images, Walgreens, M&a, Gap, Fifth Avenue, American Eagle, Cvs, Gamestop


SPACs will drive $300 billion in M&A activity over the next 2 years after a monstrous 2020, Goldman says

Reuters / Brendan McDermid Blank-check companies looking for their next target could drive $300 billion in mergers and acquisitions over the next two years, according to Goldman Sachs.A hunt for yield, the shift in focus from value to growth stocks, and retail investors looking for early-stage businesses has driven investor interest in SPACs in 2020, strategists said."If this year's 5x ratio of SPAC equity capital to target M&A enterprise value persists, the aggregate enterprise value of t...
Tags: Finance, US, Trends, Markets, M&a, Goldman Sachs, Goldman, Jpmorgan, SPAC, Shaquille O Neal, David Kostin, Goldman Sachs We, Goldman Sachs Goldman, Blank Check, Mergers And Acquisition, Shalini Nagarajan


Vista acquires IT education platform Pluralsight for $3.5B

The hectic M&A cycle we have seen throughout 2020 continued this weekend when Vista Equity Partners announced it was acquiring  Pluralsight for $3.5 billion. That comes out to $20.26 per share. The company stock closed on Friday at $18.50 per share on a market cap of over $2.7 billion. With Pluralsight, Vista gets an online training company that helps educate IT professionals including developers, operations, data and security with a suite of online courses. As the pandemic has taken hold, it...
Tags: Fundings & Exits, TC, Enterprise, Education, Tech, Vista, M&a, Private Equity, Edtech, Pluralsight, Vista Equity Partners, Skonnard, Monti Saroya, Pluralsight CEO Aaron Skonnard, Sarah Buhr Skonnard, Buhr Pluralsight


The FDA is preparing to authorize Pfizer's vaccine

Welcome to Business Insider's daily healthcare newsletter, your daily dose of pharma, biotech, and healthcare news. Subscribe here to get this newsletter in your inbox every weekday. Hollis Johnson/Business Insider Hello,What a week it's been. If you had any doubts this month could be one long marathon of vaccine news, this week certainly proved the case.In the last week alone, we saw the peer-review publication of data on both AstraZeneca/Oxford and Pfizer/BioNTech's shots.We got detail...
Tags: UK, US, West Virginia, Trends, Bloomberg, Walgreens, Chicago, Healthcare, M&a, Fda, Belfast, Pfizer, Vaccine, Polaroid, Kleiner Perkins, Forbes


MTG acquires mobile racing game studio Hutch Games for up to $375 million

Sweden’s MTG is making a significant acquisition in the mobile gaming industry. The company is acquiring Hutch Games, the London-based game studio behind popular mobile racing games, such as Rebel Racing, F1 Manager and Top Drives. The acquisition is an important one for MTG as the company is spending $275 million right away and setting aside another $100 million for performance-based payments. If you’re not familiar with MTG, you probably know its portfolio companies. Over the past few years...
Tags: Startups, Gaming, Europe, Sweden, Tech, M&a, Chris Lee, Hutch, MTG, InnoGames, Index Ventures Initial Capital, Hutch Games, Hutch Games the London, EBIT Hutch Games


Moderna's manufacturing test

Hollis Johnson/Business Insider Hello,On Tuesday, the UK officially started administering COVID-19 vaccines outside of a clinical trial - beginning with 90-year-old Margaret Keenan.In the meantime, here in the US, we're poring over documents released today by the Food and Drug Administration about Pfizer and BioNTech's vaccine.Also today in healthcare news: A closer look at Moderna's vaccine factory, a $650 million health-tech deal, and how the top three vaccines compare in terms of cost, ...
Tags: UK, White House, Massachusetts, Brown University, US, Trends, Healthcare, M&a, Food And Drug Administration, Astrazeneca, Pfizer, Vaccine, Oxford University, Polaroid, Health Tech, Kleiner Perkins


FTC sues to block P&G’s acquisition of Billie, a razor startup for women

The Federal Trade Commission has sued to block Procter & Gamble’s acquisition of Billie, a NY-based startup that sells razors and body wash. In the notice, the FTC alleged that the merger would “eliminate innovative nascent competitors for wet shave razors” to the loss of consumers. Billie was founded in 2017 with the goal of fighting the “pink tax” on goods marketed to women, including razors and body wash. It went up against companies like P&G and Edgewell Personal Care by offering high-...
Tags: Fundings & Exits, Startups, Billie, Tech, Unilever, M&a, Harry, Mergers and Acquisitions, Cruz, Federal Trade Commission, Dollar Shave Club, Exit, Bevel, Ftc, Procter Gamble, Andrea Hernandez