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


 

Slack releases Clips video tool, announces 16 Salesforce integrations

Slack has been talking about expanding beyond text-based messaging for some time. Today at Dreamforce, the Salesforce customer conference taking place this week, it announced Clips, a way to leave short video messages that people can watch at their leisure. Slack CEO Stewart Butterfield sees Clips as a way to communicate with colleagues when a full 30 minutes meeting isn’t really required. Instead, you can let people know what’s going on through a brief video. “Clips are a way to record yourself...
Tags: TC, Cloud, Enterprise, Messaging, Tech, SaaS, Collaboration, M&a, Clips, Salesforce, Stewart Butterfield, Slack, Clubhouse, Butterfield, Josh Constine, Bret Taylor


Fivetran hauls in $565M on $5.6B valuation, acquires competitor HVR for $700M

Fivetran, the data connectivity startup, had a big day today. For starters it announced a $565 million investment on $5.6 billion valuation, but it didn’t stop there. It also announced its second acquisition this year, snagging HVR, a data integration competitor that had raised over $50M, for $700 million in cash and stock. The company last raised a $100 million Series C on a $1.2 billion valuation, increasing the valuation by over 5x. As with that Series C, Andreessen Horowitz was back leading ...
Tags: Fundings & Exits, Startups, Cloud, Enterprise, Tech, M&a, Mergers and Acquisitions, Andreessen Horowitz, Exit, Recent Funding, Fivetran, Data Pipelines, CEAS Investments Matrix Partners, ICONIQ Capital D1 Capital Partners, HVR, Teleport Data


Intuit’s $12B Mailchimp acquisition is about expanding its small business focus

At first blush, the $12 billion Intuit-Mailchimp deal might not make a heck of a lot of sense. But people tend to pigeonhole companies, and in this case they might see Intuit as purely a financial software company and Mailchimp as an email marketing firm and nothing more. If that’s as far as your perspective goes, the deal is confusing. From a wider lens, however, there’s more to both companies than you might think. Let’s start with Intuit. If you go to the company website and scan the product s...
Tags: Fundings & Exits, Startups, TC, Small Businesses, Tech, M&a, Mergers and Acquisitions, Email Marketing, Intuit, Mailchimp, Exit, Credit Karma, Marketing Automation, Experian Equifax, TransUnion, Intuit Mailchimp


SpotOn raises $300M at a $3.15B valuation and acquires Appetize

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just thr...
Tags: Fundings & Exits, Startups, Instagram, Finance, Funding, Los Angeles, San Francisco, Startup, Tech, SaaS, Venture Capital, M&a, Square, Mobile Web, Payments, Online Payments


Microsoft acquires TakeLessons, an online and in-person tutoring platform, to ramp up its edtech play

Microsoft said in January this year that Teams, its online collaboration platform, was being used by over 100 million students — boosted in no small part by the Covid-19 pandemic and many schools going partly or fully remote. Now, it’s made another acquisition to continue expanding its position in the education market. The company has acquired TakeLessons, a platform for students to connect with individual tutors in areas like music lessons, language learning, academic subjects and professional ...
Tags: Google, Europe, Learning, Education, Microsoft, Satya Nadella, Articles, Linkedin, Tech, Ceo, Teaching, San Diego, M&a, Leader, Tutoring, Online Learning


Quicken, one of the ‘first fintechs,’ is being sold again

Five and a half years after being acquired by a private equity firm, personal finance software company Quicken is announcing that it is being acquired by another private equity firm. In April 2016, an affiliate of H.I.G. Capital acquired Quicken from Intuit Inc. for an undisclosed amount. Today, Menlo Park, California-based Quicken is announcing that Aquiline Capital Partners will be acquiring a majority stake in the company — also for an undisclosed amount. In an exclusive interview with...
Tags: Personal Finance, Fundings & Exits, Apps, New York, London, Finance, Tech, M&a, Intuit, Fintech, Nps, SPAC, Eric, Dunn, Turbotax, Menlo Park California


Microsoft acquires video creation and editing software maker Clipchamp

Video editing software may become the next big addition to Microsoft’s suite of productivity tools. On Tuesday, Microsoft announced it’s acquiring Clipchamp, a company offering web-based video creation and editing software that allows anyone to put together video presentations, promos or videos meant for social media destinations like Facebook, Instagram, and YouTube. According to Microsoft, Clipchamp is a “natural fit” to extend its exiting productivity experiences in Microsoft 365 for families...
Tags: Facebook, Video, Technology, Instagram, Adobe, Microsoft, China, Tech, Ceo, Software, United States, Webcam, Computing, M&a, Biden, Gpu


PayPal acquires Japan’s Paidy for $2.7B to crack the buy-now, pay-later market in Asia  

PayPal Holdings, the U.S. fintech company, announced an acquisition of Paidy, a Japanese buy now, pay later (BNPL) service platform, for approximately $2.7 billion (300 billion yen), mostly in cash, to enhance its business in Japan. The transaction completion including the regulatory approval is expected in the fourth quarter of 2021. After the acquisition, the Japan-based company will continue to operate its existing business and maintain the brand while the leaders, Paidy’s president and CEO R...
Tags: Startups, TC, Mobile, Asia, Japan, Tech, Paypal, M&a, Payments, Fintech, PayPal Holdings, Paidy, BNPL, Buy Now Pay Later, Riku Sugie, Paidy Russel Cummer


DigitalOcean enhances serverless capabilities with Nimbella acquisition

As developers look for ways to simplify how they create software, serverless solutions, which enable them to write code without worrying about the underlying infrastructure required to run their applications, is becoming increasingly popular. DigitalOcean announced today that it is enhancing its existing offering in this area with the acquisition of serverless startup Nimbella. The companies did not share the terms of the deal. With Nimbella, the company is getting a platform for building server...
Tags: Fundings & Exits, Startups, TC, Open Source, Cloud, Service, M&a, Mergers and Acquisitions, Digitalocean, Exit, Agarwal, Spruill, Anshu Agarwal, Serverless, Yancey Spruill, Cloud Infrastructure Market


H2O Hospitality secures $30M Series C to expedite hotel digital transformation

The pandemic has triggered more demand for contactless and staff-less operations in the hospitality sector, and now H2O Hospitality, the unmanned hotel management company, has closed a $30 million round on the back of that boost. The South Korea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. The Series C round (equivalent to about 34 billio...
Tags: Startups, TC, Asia, South Korea, Japan, Digital Transformation, Indonesia, Southeast Asia, Singapore, Funding, Tech, Korea, M&a, Bob, Bangkok, Lee


Apollo completes its $5B acquisition of Verizon Media, now known as Yahoo

Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The close of the deal h...
Tags: TC, Verizon, Media, Yahoo, Entertainment, Tech, Aol, M&a, Apollo, Engadget, Apollo Global Management, Verizon Media, Guru Gowrappan, Gowrappan, Verizon Media Group, Reed Rayman


Web building platform Duda snaps up e-commerce cart tool Snipcart

Duda announced Wednesday that it acquired Canada-based Snipcart, a startup that enables businesses to add a shopping cart to their websites. The acquisition is Palo Alto-based Duda’s first deal, and follows the website development platform’s $50 million Series D round in June that brings its total funding to $100 million to date. Duda co-founder and CEO Itai Sadan declined to comment on the acquisition amount. Duda, which works with digital agencies and SaaS companies, has approximately 1 millio...
Tags: Startups, TC, Ecommerce, Apps, Enterprise, Funding, Supply Chain Management, Tech, Palo Alto, Canada, SaaS, M&a, Api, Duda, Sadan, Recent Funding


Apple buys classical music service, Primephonic

In a bid to expand its classical music offering, Apple today announced that it has Primephonic. The Amsterdam-based service, which launched in 2014, will bring a laser focus on a music genre that’s been sorely lacking in Apple Music’s generalized approach to streaming. The service will effectively be discontinued as a standalone offering, as it’s absorbed into the broader Apple Music platform. On September 7, Primephonic will shut down for good, while Apple readies the 2022 launch of a classical...
Tags: Apple, Apps, Entertainment, Tech, Amsterdam, M&a, Apple Music, Cto, Mixpanel, Primephonic, Lossless Audio, Thomas Steffans, Henrique Boregio


Nearly 50 law firms have banded together to voice their defense of SPACs as lawsuits mount against blank-check firms

Bill Ackman, founder and CEO of Pershing Square Capital Management Manuel Balce Ceneta/AP 49 law firms are hitting back at lawsuits against SPACs that are seeking to have them regulated as investment companies. The firms said the SEC has reviewed more than 1,000 SPACs and haven't deemed them subject to the Investment Company Act of 1940. A high-profile lawsuit was filed last month against billionaire Bill Ackman's SPAC, Pershing Square Tontine Holdings. See more stories on Inside...
Tags: US, Trends, Markets, Yale, M&a, SEC, Bill Ackman, Cnbc, Securities And Exchange Commission, Reuters, SPAC, Treasuries, Ackman, Robert Jackson, Carla Mozee, U S Securities and Exchange


Stewart buying Informative Research to further ‘end-to-end’ platform goal

If and when the $192 million deal closes, it will be Stewart's biggest bet on ancillary services, and it will bring the total spent on acquisitions during Stewart CEO Fred Eppinger's tenure to more than half a billion dollars.
Tags: Technology, Radio, Automation, M&a, Mergers and Acquisitions, Mortgage, Industry News, Stewart, First American Financial Corp, Closing, Customer Acquisition, Title Insurance, Escrow, Fidelity National Financial, Fred Eppinger, Stewart Information Services


MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent, to the tune of $40 million . Today, it has raised a $15 million extension from existing investors — RMBV, IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavour Catalyst, Beco Capital and 4DX Ventures —  bringing its total Series A fundraise to $55 million. The company, founded by Belal El-Megharbel and Mohamed Ben Halim ...
Tags: Startups, TC, Ecommerce, Nigeria, Africa, Tech, Canada, Egypt, Morocco, Middle East, M&a, Togo, Ivory Coast, Tunisia, Ghana, Middle Eastern


Extra Crunch roundup: Zūm CEO interview, Cisco’s M&A ethos, neoinsurance bad romance

It was once common practice for doctors to visit sick patients in their homes: In 1930, 40% of all consultations were house calls. By 1980, that figure was less than 1%. Today, urgent care centers occupy Main Street storefronts and 33% of all medical expenditures occur in hospitals. It’s clear that the additional overhead is generating higher prices, but not necessarily better results, according to Sumi Das and Nina Gerson, who lead healthcare investments at Capital G. “We can improve both outco...
Tags: Health, Startups, TC, Transportation, India, Tech, Cisco, SaaS, Venture Capital, M&a, Bird, Alex, Gerson, Zum, Healthtech, Alex Wilhelm


Ramp and Brex draw diverging market plans with M&A strategy

Earlier today, spend management startup Ramp said it has raised a $300 million Series C that valued it $3.9 billion. It also said it was acquiring Buyer, a “negotiation-as-a-service” platform that it believes will help customers save money on purchases and SaaS products. The round and deal were announced just a week after competitor Brex shared news of its own acquisition — the $50 million purchase of Israeli fintech startup Weav. That deal was made after Brex’s founders invested in Weav, which ...
Tags: Fundings & Exits, Startups, Enterprise, Finance, Tech, E-commerce, Paypal, M&a, Mergers and Acquisitions, Api, Financial Services, Stripe, Concur, Fintech Startup, RAMP, Mary Ann Azevedo


Ramp and Brex draw diverging market plans with M&A strategies

Earlier today, spend management startup Ramp said it has raised a $300 million Series C that valued it at $3.9 billion. It also said it was acquiring Buyer, a “negotiation-as-a-service” platform that it believes will help customers save money on purchases and SaaS products. The round and deal were announced just a week after competitor Brex shared news of its own acquisition — the $50 million purchase of Israeli fintech startup Weav. That deal was made after Brex’s founders invested in Weav, whi...
Tags: Fundings & Exits, Startups, Enterprise, Finance, Tech, E-commerce, Paypal, M&a, Mergers and Acquisitions, Api, Financial Services, Stripe, Concur, Fintech Startup, RAMP, Mary Ann Azevedo


Sweetgreen buys robotic-restaurant chain Spyce as it prepares to go public

Automated restaurant concept, Spyce, opened in 2018. Lemelson-MIT Program Spyce, backed by French chef Daniel Bouland, opened in 2018 with an automated kitchen. Restaurant unicorn Sweetgreen said it plans to buy the Boston-based bowl concept. "The vision is to have Spyce's technology power Sweetgreen's restaurants," the chain told Insider. See more stories on Insider's business page. Restaurant unicorn Sweetgreen, valued at $1.8 billion, said Tuesday it plans to buy the robo...
Tags: California, Boston, Restaurants, Los Angeles, Trends, Automation, Fast Food, Robots, M&a, Retail, Starbucks, Massachusetts Institute Of Technology, Daniel Boulud, Sweetgreen, California Pizza Kitchen, Tech Insider


Substack acqui-hires team behind subscription social app Cocoon

Subscription newsletter platform kingpin Substack shared today that they’ve acqui-hired the team behind Cocoon, a subscription social media app built for close friends. We covered the Y Combinator-backed startup’s initial $3 million seed raise led by Lerer Hippeau back in November 2019, shortly before the pandemic dramatically reconfigured how people used social media to communicate with the people nearest and dearest to them. Cocoon’s initial pitch was for a social network for your closest frie...
Tags: Social, TC, Facebook, Y Combinator, Twitter, Media, Social Media, Tech, Software, M&a, Yo, Cornell, Social Network, Operating Systems, World Wide Web, Alex Cornell


Ramp raises $300M at a $3.9B valuation, makes its first acquisition

Less than five months after raising $115 million, spend management startup Ramp announced today it has raised $300 million in a Series C round of funding that values the company at $3.9 billion. That’s more than double the $1.6 billion that New York-based Ramp was valued at in April at the time of its Series B . Founders Fund led the latest round, which brings the fintech’s total equity and debt raised to date to over $625 million since its March 2019 inception. Redpoint Ventures, Th...
Tags: Fundings & Exits, Startups, New York, Finance, Funding, San Francisco, Startup, Tech, Venture Capital, M&a, Bill, Fintech, Founders Fund, Keith Rabois, RAMP, Expense Management


How Cisco keeps its startup acquisition engine humming

Enterprise startups have several viable exit strategies: Some will go public, but most successful outcomes will be via acquisition, often by one of the highly acquisitive large competitors like Salesforce, Microsoft, Amazon, Oracle, SAP, Adobe or Cisco. From rivals to “spin-ins,” Cisco has a particularly rich history of buying its way to global success. It has remained quite active, acquiring more than 30 startups over the last four years for a total of 229 over the life of the company. The most...
Tags: TC, Enterprise, Tech, Cisco, M&a, Mergers and Acquisitions, Appdynamics, LAN, Herren, WebEx, Jeetu Patel, Salesforce Microsoft, Acacia Communications, MindMeld, Crescendo Communications, Epsagon


Richard Branson's Virgin Orbit to go public in SPAC merger valuing the satellite launch company at $3.2 billion

Virgin Orbit ground crew members head out to Cosmic Girl and its LauncherOne rocket. Greg Robinson/Virgin Orbit Satellite launch company Virgin Orbit will go public through a $3.2 billion SPAC deal. Virgin Orbit will be taken public through NextGen Acquisition Corp. II and aims to list on shares on Nasdaq. Billionaire Richard Branson took his spaceflight company Virgin Galactic public via a SPAC in 2019. See more stories on Insider's business page. Richard Branson's Virgin Orbit...
Tags: Trends, Markets, Nasa, Virgin Galactic, M&a, Richard Branson, Goldman Sachs, Boeing, Branson, Chamath Palihapitiya, SPAC, Carlyle Group, Greg Robinson, Carla Mozee, Tech Stocks, Virgin Orbit


Bird shows improving scooter economics, long march to profitability

Newly reported financial data from Bird, an American scooter sharing service, shows a company with an improving economic model, and a multi-year path to profitability. However, that path is fraught unless a number of scenarios all work out, in concert and without a glitch. Bird, well-known for its early battles with domestic rival Lime, is pursuing a SPAC-led deal that will see it go public and raise fresh capital. The former startup is merging with Switchback II Corporation in a deal that value...
Tags: Fundings & Exits, Startups, TC, Transportation, Lyft, Uber, Finance, Tech, Scooters, Profit, M&a, Bird, Private Equity, Airbnb, Food Delivery, Fleet


Adobe buying Frame.io in $1.28B deal

Adobe announced today it is acquiring Frame.io , a video review and collaboration platform used by over a million customers, for $1.275 billion in cash. Founded in 2014 by the owner of a post-production company Emery Wells and technologist John Traver, New York-based Frame.io was created to solve the workflows challenges filmmakers faced in their daily lives.  Today, the Frame.io platform helps creative professionals streamline the video creation process by centralizing media assets, inc...
Tags: Fundings & Exits, Cloud, Apps, Video, New York, Adobe, Tech, M&a, Frame.io, Emery Wells, Traver, John Traver, Scott Belsky Adobe, Accel FirstMark SignalFire, Vimeo Box Dropbox, Shasta Ventures Accel


Let’s make a deal: A crash course on corporate development

Todd Graham Contributor Share on Twitter Todd Graham is vice president at Venrock, a pioneering venture capital firm established in 1969. Wash, rinse, repeat: A startup is founded, first product ships, customers engage, and then a larger company’s corporate development team sends a blind email requesting to “connect and compare notes.” If you’re a venture-backed startup, it would be wise to generate a return at some point, whi...
Tags: Startups, Column, Linkedin, Tech, M&a, Mergers and Acquisitions, Venrock, GTM, Todd Graham, Corporate Development, EC Column, EC How To


Where to Find Growth in the Next Wave of M&A in Banking

With mergers poised to accelerate, a niche approach to product marketing will improve retention and strengthen customer relationships. The post Where to Find Growth in the Next Wave of M&A in Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Advertising, Customer Engagement, Marketing Strategy, Niche, M&a, Mergers, Marketing Communications, Community & Public Relations, Culture & Leadership, Segmentation Strategies, Contributed Content


How to Find Growth in the Next Wave of M&A in Banking

With mergers poised to accelerate, a niche approach to product marketing will improve retention and strengthen customer relationships. The post How to Find Growth in the Next Wave of M&A in Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Advertising, Customer Engagement, Marketing Strategy, Niche, M&a, Mergers, Marketing Communications, Community & Public Relations, Culture & Leadership, Segmentation Strategies, Contributed Content


Why fintechs are buying up legacy financial services companies

Oh, how the tables have turned. It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. But lately, fintech upstarts are the ones doing the a...
Tags: Startups, TC, Money, Finance, Tech, Banking, M&a, Financial Services, SoFi, Financial Technology, Fintech Startup, LendingClub, Homebridge Financial Services, Jiko, Figure Technologies, Radius Bank