When startup founders think of mergers and acquisitions (M&A), we tend to think of “Mad Men”-esque processes, involving dramatic office reshuffling and expensive rebranding.
Automation Anywhere expands into process discovery with FortressIQ acquisition
Automation Anywhere, which is best known for its robotic process automation (RPA) software, plans to expand the platform. This morning, the company announced that it intends to acquire process discovery startup FortressIQ. The companies did not reveal the purchase price. FortressIQ gives Automation Anywhere this missing process discovery component, which enables AI-fueled software to map […]
TikTok rival Triller to go public via merger with SeaChange International
Short video app Triller is set to go public via a reverse merger with video-tech company SeaChange International, the two companies announced on Wednesday. The combined entity will be valued at approximately $5 billion. The boards of both companies have approved the proposed merger and the deal is expected to close in the first quarter […]
Oracle joins Microsoft in spending big to dominate healthcare vertical
Enterprise software companies are focused firmly on healthcare. If you want proof, look at how Oracle and Microsoft both backed up trucks loaded with money to buy health tech companies this year.
EU retail giant Schwarz Group snags security startup XM Cyber for $700 million
Schwarz Group, an EU-based retail company, announced today that it has acquired Israeli security startup XM Cyber for $700 million. It may seem like a strange partnership, as Schwarz is best known as the owners of the Lidl and Kaufland supermarkets, but the company believes that extending into security will ultimately help benefit its retail […]
Ericsson to acquire cloud communications company Vonage for $6.2B
Ericsson, an international networking company, decided it needed a dose of modernization and this morning announced its intent to acquire cloud communications company Vonage in a $6.2 billion deal. With Vonage, Ericsson is getting a more modern approach to communications that includes a cloud contact center, communications APIs (like Twilio’s) and a voice over internet […]
Data center companies CyrusOne and CoreSite acquired in deals totaling $25B
It’s been quite a week for data center industry consolidation in the U.S. Two companies, CyrusOne and CoreSite, announced deals valued at $15 billion and $10 billion, respectively. It is unusual to see two companies in the same industry announce such large acquisitions on the same day, but that’s what happened on Monday. Let’s start […]
Investor consortium to acquire McAfee for $14B
The long and winding history of cybersecurity software company McAfee took another interesting twist today when an investor consortium consisting of six investment firms announced that they were purchasing the company for $14 billion. That purchase amount is based on a stock price of $26 per share, which the company said represented a 22.6% premium […]
How 2 companies leveraged organic and inorganic growth
Not all growth is created equal, and one is not mutually exclusive from the other.
Microsoft acquires Ally.io, OKR startup that raised $76 million
Microsoft announced today that it has acquired Ally.io, a software service that helps companies measure their progress against OKRs (objectives and key results), a common way that management measures both individual and company progress. The two firms did not share the purchase price. Microsoft plans to incorporate Ally into its Viva family of employee experience […]