Mergers and Acquisitions
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Elastic enters APM space with Opbeat acquisition
Today, at Elastic’s customer event in London, the company announced it has acquired Opbeat, a SaaS-application performance management vendor for an undisclosed amount. All 15 employees have already joined the Elastic team. Opbeat focuses on monitoring applications written in Javascript. What’s more, it maps production application issues directly to the relevant developer source… Read More
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Zuora to acquire Leeyo to help customers cope with upcoming accounting rules changes
Zuora, the company that helps customers deal with subscription billing, and counts cloud companies like Box, Okta and DocuSign as customers, announced its intent to acquire Leeyo Software, Inc., a privately funded, boot-strapped startup that helps automate revenue recognition. The company did not reveal a purchase price. Leeyo is not just any revenue recognition company, though, because it… Read More
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Collaboration software company Jive to be acquired by Aurea for $462 million
Jive, a community collaboration software company that was one of the biggest Enterprise 2.0-era success stories, going public in 2011, announced today it had agreed to be acquired by ESW Capital’s Wave Systems for $462 million. It will become part of the Aurea family of companies. Read More
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Crunch Network
Giant companies that won’t buy your startup
Huge companies in fast-changing, technology-intensive businesses buy startups. After all, they have the money and need fresh entrepreneurial talent to tap new markets and stay abreast of disruption. That’s the collective wisdom about M&A in venture capital and startup circles. It’s also how the venture business survives. But what if the common wisdom isn’t true? Read More
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SeatGeek raises $57M to acquire ticketing software company TopTix
SeatGeek is announcing a deal to acquire TopTix for $56 million. While SeatGeek has made acquisitions before, this is its biggest, and the company funded the deal by raising a $57 million Series D led by Glynn Capital. (Previous investors Accel, Causeway Media Partners, Haystack Partners, Mousse Partners and Technology Crossover Ventures also participated.) Read More
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Microsoft acquires Intentional Software and brings old friend back into fold
Microsoft announced today that it was acquiring Bellevue-based Intentional Software for an undisclosed amount of money. With the purchase, Charles Simonyi, Intentional founder, Chairman, and CTO, who helped develop some of Microsoft’s famous Office tools like Excel and Word returns to Microsoft. Simonyi left Microsoft in 2002 to launch Intentional. While it’s not crystal clear… Read More
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Online coupon site RetailMeNot acquired for $630 million
Harland Clarke, a payment and marketing services firm, will acquire online coupon site RetailMeNot in a deal worth $630 million in equity. Harland Clarke will pay $11.60 per share in cash, which is about 50 percent higher than the stock’s closing price of $7.75 on April 7. Read More
Latest Crunch Report
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AMD buys Nitero wireless VR startup
AMD has acquired Nitero, a company that builds wireless chips for streaming virtual reality content from desktop computers to headsets, Forbes reports. Terms of the deal were not disclosed. Read More
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After an unexpected reveal, AOL’s CEO explains that Oath is about B2B branding
You weren’t supposed to know about Oath. Not this week, at least. And certainly not under these circumstances. The newly minted and already much maligned poster child of the forthcoming face of Verizon’s Yahoo acquisition was developed in-house as a B2B brand, designed for customer and partner relationships. Read More
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LeEco’s $2 billion acquisition of Vizio has reportedly ‘stalled’
There are more problems for ambitious Chinese tech firm LeEco. Its acquisition of U.S.-based TV maker Vizio, a surprise deal announced last summer, has run into issues, according to media reports in China. Read More
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Rover and DogVacay merge to dominate the pet-sitting market
Putting an end to a fierce competition to dominate the pet-sitting business, Rover and DogVacay have agreed to join forces. Rover will be acquiring DogVacay in an all-stock deal. Read More
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Industrious buys PivotDesk, raises $25M to be WeWork without startup bros
In the recruiting wars, a cool office is critical. Not just for scrappy startups, but big businesses with regional HQs, as well. So while WeWork signs questionable 20-year leases to provide desks for twenty-something engineers, Industrious is taking a more classy and conservative approach to coworking space. Read More
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Apple has acquired Workflow, a powerful automation tool for iPad and iPhone
Apple has finalized a deal to acquire Workflow today — a tool that lets you hook together apps and functions within apps in strings of commands to automate tasks. We’ve been tracking this one for a while but were able to confirm just now that the ink on the deal is drying as we speak. Read More
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Confirmed: Walmart has acquired womenswear site ModCloth
Walmart announced it has acquired ModCloth, a womenswear retailer that focuses on a younger, progressive demographic and a healthier range of sizes beyond the too-often-emphasized tall, rail-thin look. Read More
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Intel buys Mobileye in $15.3B deal, moves its automotive unit to Israel
First they partnered, and now comes the acquisition: The computing giant Intel has confirmed that it is acquiring Mobileye, a leader in computer vision for autonomous driving technology, for $15.3 billion — the biggest-ever acquisition of an Israeli tech company. Read More
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Pinterest acquires Jelly, the crowdsourced Q&A startup from Biz Stone
Pinterest has made another acquisition that could point to another way that it plans to increase interaction on its visual-search-and-discovery platform: It has acquired Jelly, the startup co-founded by Twitter co-founder Biz Stone and Ben Finkel in 2014 as a “human-powered search engine” — essentially an app that let people ask questions and get crowdsourced replies from… Read More
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Google confirms its acquisition of data science community Kaggle
Google today said it is acquiring Kaggle, an online service that hosts data science and machine learning competitions, confirming what sources told us when we reported the acquisition yesterday. The company made the announcement at its Google Cloud Next conference this morning in San Francisco, while not disclosing the terms of the acquisition. But it’s not all that surprising that… Read More
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