Mergers and Acquisitions
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Cisco to buy Perspica and fold engineering team into AppDynamics
Cisco announced today that it intends to acquire Perspica, a machine learning-driven operations analytics firm that has raised $8.5 million. Cisco intends to fold Perspica’s team into AppDynamics, the company it purchased earlier this year for $3.7 billion. Cisco did not share the Perspica purchase price. All of these machinations have a purpose. Cisco is of course at its heart a… Read More
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ServiceNow just bought a design firm because even enterprise apps have to look pretty
ServiceNow is best known for helping large organizations organize field service and help desk activity. Today it bought design firm Telepathy because it knows that offering enterprise-class functionality isn’t enough anymore. Your applications have to look good too. The company did not reveal the acquisition price Telepathy is a design firm that was founded in 2001 in San Diego and… Read More
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Crunch Network
As global startup exits grow, Europe sees its profile rise
Looking at the number of exits produced and the total dollar volume those liquidity events commanded, the European startup scene has shown growth over the past year. That fact comes from the Startups M&A 2017 Report — made in partnership with Crunchbase and Mind the Bridge. So how much has changed since the last report? Read More
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Maestro gives big brands new tools to manage and control their live streams
From Twitch to Facebook to Periscope, live streaming is a growing phenomenon that’s making some decent money for the people who own the platform. For the actual people recording the streams and making things happen, not so much. Maestro, a Los Angeles-based company with a toolkit for capturing data and analytics, and engaging with viewers in live streams, has raised $3 million in a new… Read More
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Mattress startup Purple merges with NY shell company in $1.1 billion deal
Purple, a Utah-based mattress startup, announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. The new deal is known as a “reverse merger” and would result in Purple becoming a publicly traded company overnight, but without the formal IPO process. Read More
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Mitel to buy ShoreTel for $430 million to create unified communications powerhouse
Sometimes combining two companies that compete in the same market provides a quick way to leapfrog your market share. That was likely the thinking behind Mitel’s decision to buy ShoreTel this morning for $430 million. Combining the two companies catapults Mitel to number two in the Unified Communications as a Service (UCaaS) market, according to the company. As for ShoreTel, while it… Read More
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OpenText acquires forensic security vendor Guidance Software for $240 million
OpenText, the content management company based in Waterloo, Ontario announced today that it was buying Guidance Software, a forensic security and eDiscovery vendor for $240 million. OpenText agreed to pay Guidance shareholders $7.10 a share. The price will be less Guidance’s cash on hand of approximately $18 million, making the final price just around $222 million, according to OpenText. Read More
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Crunch Network
US venture investment ticks up in Q2 2017
Venture investment in U.S. startups rose sequentially in the second quarter of 2017, boosted by large, late-stage financings and a few outsized early-stage rounds in tech and healthcare. Overall, Crunchbase projects that U.S. startups raised $22.7 billion across all stages, from seed through technology growth rounds. That’s up from $20.6 billion in Q1. Read More
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Microsoft confirms Cloudyn acquisition, sources say price is between $50M and $70M
Back in April, we began hearing that Microsoft was in the process of buying Israeli cloud startup Cloudyn, a company that helps customers manage their cloud billing across multiple clouds. It’s taken a while to work through the terms, but today Microsoft finally made it official. Read More
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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
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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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