WEX Acquires Benaissance
WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced the completion of its acquisition of Benaissance, a leading provider of integrated software-as-a-service (SaaS) technologies and services for healthcare premium billing, payment and workflow management. Benaissance is now a wholly-owned subsidiary of WEX and will be part of the Evolution1 business unit.
“The close of this transaction advances our strategy to grow our reach and enhance our offering in the healthcare space,” said Melissa Smith, WEX’s president and chief executive officer. “The addition of Benaissance builds on the success we have already had in this industry, by enhancing our addressable market opportunity while enabling us to provide an expanded and differentiated solution to our partners. We are pleased to be welcoming Benaissance’s team to WEX and look forward to the opportunities this transaction will bring for the combined business.”
On October 15, 2015, WEX announced plans to acquire Benaissance.
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing more than 9 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors. WEX serves a global set of customers and partners through its operations around the world, with offices in the United States, Australia, New Zealand, Brazil, the United Kingdom, Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries employ more than 2,000 associates. The Company has been publicly traded since 2005, and is listed on the New York Stock Exchange under the ticker symbol “WEX.” For more information, visit www.wexinc.com and follow WEX on Twitter at @WEXIncNews.
Jibo Acquires CloudKid
In 2009 when we started CloudKid, we set out to create an artist-driven studio that took risks, collaborated with top talent, and found the sweet spot where technology meets creative. Above all, we wanted freedom to work on internal projects that inspired us and challenged us to grow, even in the thick of client productions. Our initial team was small, dedicated and very passionate about children’s media.
READ MORE from CloudKid....
ThinkingPhones Acquires Leading Cloud Video Conferencing Company Fuze
ThinkingPhones, an innovator in developing mobile-enabled, analytics-driven business communications and the fastest growing unified communications as a service (UCaaS) company globally, announced today that it has acquired Fuze, the leading cloud-based video conferencing company. With Fuze, ThinkingPhones expands its platform to enable the modern, mobile workforce to conduct business anytime, anywhere.
Based in San Francisco with additional offices in Palo Alto and Seattle, Fuze helps distributed teams work across distances through HD-quality voice and video conferencing and content sharing across devices, desktops, and meeting rooms. More than 100,000 companies use Fuze to make meetings more meaningful, including Groupon, Starbucks, Macys.com, and Thoughtworks... READ MORE
Blade Travel acquires hopOn
Per, Paul English and Bill O’Donnell, Blade recently acquired hopOn, a San Francisco-based travel startup founded by Doug Morgan and Jade Van Doren. Read More from the Blade Travel Blog
Gazelle Acquired by Outerwall Inc.
Outerwall Inc. entered into an asset purchase agreement (the "Agreement") with Gazelle, Inc., a Delaware corporation ("Gazelle") that provides consumers an on-line solution for the sale and purchase of used mobile phones, computers and tablets. Under the Agreement, we will buy certain assets and liabilities of Gazelle. The total purchase price is approximately $18.0 million subject to certain adjustments including for net inventory at the closing date. The transaction is expected to close during the fourth quarter and is subject to customary closing conditions. Upon closing, the transaction will be accounted for as a business combination.
Akamai Acquires Bloxx
Akamai Technologies, Inc. (NASDAQ: AKAM) announced today that it has acquired Bloxx, a provider of Secure Web Gateway (SWG) technology for protecting enterprises and their employees from Internet threats, in a cash transaction. The acquisition is expected to complement Akamai’s cloud security strategy for protecting businesses against Internet vulnerabilities.
As enterprises and their employees increasingly leverage the Internet and adopt SaaS and cloud-based applications to run their business, a growing percentage of corporate network traffic and transactions are now outside of the traditional enterprise zone of control. Faced with this transformation, enterprises must remain responsible for the security and compliance of their employees’ expanding reliance on the Internet.
To help address this challenge, Akamai plans to extend its portfolio of cloud-based security services to focus on the enterprise. With the goal of detecting and blocking threats to enterprise users, wherever they are located, Akamai’s enterprise security offerings are designed to help protect against phishing, malware, and data exfiltration attacks targeted at corporate networks. These solutions are expected to go beyond traditional blacklisting by providing real-time risk assessment and enabling customers to specify the actions Akamai will take based on the detected threat level. The company believes that Bloxx’s SWG technology will be instrumental to Akamai’s goal of bringing this new suite of offerings to market in 2016
“Akamai’s traditional business has been about making the Internet fast, reliable and secure for web sites and applications,” said Willie M. Tejada, senior vice president & general manager, Cloud Networking division at Akamai. “As we look to the future, our strategy includes doing the same for the enterprise, helping to protect corporate end users from the exposure to unsuitable content, viruses, malware, and data leakage. By adding Bloxx’s SWG technologies to our solutions, coupled with the security intelligence that we obtain from our global platform, we believe we are well-positioned to help protect enterprises and their employees from a growing threat landscape.”
Bloxx, headquartered in Edinburgh, Scotland and established in 1999, is a privately-funded company with 55 employees. The acquisition is not material to Akamai's financials.
As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere. To learn how Akamai solutions and its team of Internet experts are helping businesses move faster forward, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
Endurance International Group to Acquire Constant Contact
Endurance International Group Holdings, Inc. (NASDAQ:EIGI), and Constant Contact, Inc. (NASDAQ:CTCT) today announced that the two companies have entered into a definitive agreement under which Endurance International will acquire all of Constant Contact's outstanding shares of common stock for $32.00 per share in cash, valuing Constant Contact at approximately $1.1 billion. The value represents a multiple of 12x 2015 estimated adjusted EBITDA, including cash on its balance sheet. Including expected synergies, this represents a multiple of 7x 2015 estimated adjusted EBITDA. The offer represents a premium of approximately 23 percent over Constant Contact's closing price of $26.10 on October 30, 2015. The transaction has been approved by the boards of directors of both companies.
Benefits of the proposed transaction include:
- Expansion of Endurance's position as a leader in the small business marketing space from web presence to online marketing services;
- Extension of the company's product portfolio of solutions and integrated products for its millions of subscribers through the addition of Constant Contact's suite of online marketing tools such as email marketing, events management, social media integration, and contact management systems;
- Strengthening of Endurance's core capabilities by combining with Constant Contact's competencies as a trusted and distinct brand focused on product and subscriber engagement; and
- Enhanced operational and financial scale.
Importantly, the transaction brings together two long-standing Massachusetts companies, aligning the shared foundation built on the technology and talent of both.
"We couldn't be more pleased to welcome Constant Contact to our team and our family of brands. We have long admired Constant Contact and its strong management team, and all that it has accomplished in building a great product set, as well as building an influential culture and team. Their focus on the customer and product development complements our offerings for small business services, and expands our ability to address the needs of SMBs. We know that once small businesses have a web presence, they look for other products and services that will help them to grow their business. We see an opportunity to help our growing subscriber base meet their goals through an integrated suite of solutions, and we are excited to add this talented team to our roster," said Hari Ravichandran, president and chief executive officer of Endurance.
"Our team has always been passionate about helping small businesses do more business. Joining the Endurance family of brands will allow us to extend our reach and be a better partner to small businesses across the globe. We have long shared a parallel path—from our focus on SMBs, to technology, to talent—and we believe this transaction will build continued value for all constituents," said Gail Goodman, chief executive officer of Constant Contact.
Financial & operational impacts:
This transaction, combined with Endurance's recent purchase of its largest co-located data center from ACE Data Centers, is expected to result in:
- Fiscal 2015 combined pro forma adjusted revenue of approximately $1.1 billion
- Fiscal 2015 combined pro forma adjusted EBITDA of approximately $350 million
- Fiscal 2016 combined pro forma adjusted revenue growth of approximately 10 percent to 12 percent
- Fiscal 2016 combined pro forma adjusted EBITDA of approximately $400 million
- Acceleration of the delivery of long-term financial targets
- Subscriber base of over 5 million paying subscribers
The transaction is expected to close during the first quarter of 2016, and is subject to Constant Contact shareholder approval, and other customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. Constant Contact shareholders will be asked to vote on the proposed transaction at a special meeting of shareholders that will be held on a date to be announced. Endurance expects to finance the transaction with fully committed debt financing of $1.085 billion. The purchase price will be paid entirely in cash to Constant Contact shareholders.
Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor, Goldman, Sachs & Co. acted as lead financial advisor, and Allen & Company LLC and Credit Suisse also acted as financial advisors for Endurance International Group. Latham & Watkins LLP acted as legal advisor for Constant Contact. Morgan Stanley & Co. LLC acted as lead financial advisor, and Raymond James and Associates acted as a financial advisor for Constant Contact.
For further information regarding the terms and conditions contained in the definitive merger agreement, please refer to Endurance's and Constant Contact's Current Reports on Form 8-K, which will be filed with the Securities and Exchange Commission in connection with this transaction.
Endurance International Group management will discuss this transaction on the company's previously scheduled third quarter 2015 financial results conference call and webcast, scheduled to begin at 8:00 a.m. EST on Monday, November 2, 2015. To participate on the live call, analysts and investors should dial (888) 734-0328 at least ten minutes prior to the call. Endurance International Group will also offer a live and archived webcast of the conference call, accessible from the Investor Relations section of the company's website at http://ir.endurance.com.
Cengage Learning Acquires Pathbrite’s Best-In-Class ePortfolio Solution
Continuing the expansion of its institutional offerings, Cengage Learning today announced the acquisition of Pathbrite’s best-in-class ePortfolio solution. Pathbrite enables students to collect, track and showcase their work to demonstrate completion of assignments for graduation, accreditation and job placement. Pathbrite has users at 900 K20 institutions.
The announcement was made at EDUCAUSE 2015, the annual gathering of leaders in education technology.
“Last month, we announced the acquisition of Learning Objects, which offers a customizable learning environment and services for online programs. Now, adding Pathbrite’s Portfolio Learning Platform to Learning Objects’ suite of tools extends our student-centric, competency-based learning capabilities,” said Michael Hansen, Chief Executive Officer, Cengage Learning. “We’re also very pleased that most of Pathbrite’s talented employees will join us in our quest to provide the highest quality digital learning solutions available.”
Hansen added, “This acquisition builds upon the success of our current partnership with Pathbrite to integrate their ePortfolio into our MindTap digital course solution – now at more than 650 MindTap courses. Bringing together MindTap, Learning Objects and Pathbrite strengthens Cengage Learning’s position as the only provider of a truly comprehensive, student-centric learning platform.”
“We are excited to extend the Pathbrite offering to an even larger network of schools, colleges and universities, as we know that portfolios improve all major indicators of student success,” said Heather Hiles, CEO, Pathbrite. “Cengage Learning is an ideal match for Pathbrite culturally as we are both committed to improving learning and career outcomes for all students.”
Pathbrite’s ePortfolio solution allows students to tag, save and report on their work throughout the semester. When the course concludes, students can maintain their work and continue building an inventory of learning achievements. In addition, a similar portfolio for administrators and faculty allows institutions to easily report on students’ performance against accreditation standards.
The combination of Pathbrite and MindTap, which offers a student-centric, personalized approach to learning along with Learning Objects, which offers a customizable, scalable framework that leverages publisher content and Open Educational Resources, allows Cengage Learning to offer a comprehensive set of offerings to support students, instructors and administrators across many adoption models.
Intercontinental Exchange To Acquire Interactive Data Corporation
Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, announced today that it has entered into a definitive agreement to acquire Interactive Data Corporation (“IDC”), a leading provider of financial market data, analytics and related trading solutions, from Silver Lake, the global leader in technology investing, and Warburg Pincus, a leading global private equity firm focused on growth investing. The acquisition is valued at approximately $5.2 billion, including $3.65 billion in cash and $1.55 billion in ICE common stock, and builds on ICE’s global market data growth strategy by expanding the markets served, adding technology platforms and increasing new data and valuation services. An investor call to review third quarter 2015 results and the transaction details will be held on Wednesday, October 28 at 8:30am ET. Details for the call are included at the end of this announcement.
IDC, based in Bedford, MA, is one of the world’s leading providers of financial data, serving the mutual fund, bank, asset management, hedge fund, securities and financial instrument processing and administration sectors. ICE’s data business currently spans nine asset classes across the eleven exchanges and seven clearing houses it operates, including the NYSE Group and ICE Futures exchanges. ICE also offers benchmark and valuation services for Libor, exchange traded funds, a range of financial derivatives, and clearing house positions. The combined company will offer customers efficiencies in accessing data on an integrated platform while serving the growing demand for data, analysis, valuation and connectivity globally.
Unbound Commerce announces the acquisition of Apptive
Boston-based Unbound Commerce announces the acquisition of Apptive, an Austin-based company specializing in mobile commerce apps. The Apptive® platform will help meet growing demand for mobile solutions among mid-market retailers & B2B merchants, with compelling benefits for merchants and their customers:
- Richest, most convenient shopping experience
- Push notifications for timely engagement
- Simplified ordering via Apple Pay, Android Pay, and other digital wallets
- Improved customer service & repeat ordering
- Integration with loyalty, CRM and in-store systems
The Apptive acquisition complements Unbound's Mobile Presence® platform, used by hundreds of merchants for mobile and tablet sites and digital pop-up stores. Unbound's growth has been dramatic: adding more than 100 customers every year, Unbound Commerce solutions are now used by more than 600 merchants. Customers include major brands such as Finish Line, Sears and Rockport.
Through the Mobile Presence and Apptive platforms, high-end, custom mobile solutions previously available only to large retailers are now available to mid-market clients. "Our customers are companies who want to get the most from mobile," affirmed Keith Lietzke, co-founder and VP Marketing & Bus Dev. "We like creating customized solutions for our clients, while making them cost effective by leveraging our technology investments and experience in serving hundreds of merchants."
Concurrent with the acquisition, Unbound has doubled its size and moved into new headquarters in Newton Upper Falls, MA. Originally built in 1889 and home of the Gamewell Alarm Company for almost a century, the historic building at 88 Oak Street now houses the Chestnut Street Business Center – home to high tech, engineering and healthcare providers. Unbound has also expanded its software development and sales staff to meet new demand and Apptive team members have moved to Boston to join the team.
"Through our new app-build capabilities, more merchants can take advantage of delivering deeper mobile commerce engagement," said Srinivasarao Nandiwada (NSR), co-founder and CEO of Unbound Commerce. "Mobile sites are great for expanding reach and acquiring new customers. Mobile apps, by contrast, deliver richer, more satisfying interactions to the retailer's best customers."
Out-of-the-box integration is provided for Shopify, Demandware, Magento, Big Commerce, Yahoo, Volusion, 3dCart and other popular e-commerce platforms, making commerce-enabled app development fast, affordable and effective for retailers of all sizes. Unbound also offers full custom app development for enterprise clients seeking a totally custom app experience for their customers.
According to Internet Retailer, sales via mobile apps are on the rise, growing 69% to $59.86 billion in 2015 from $35.48 billion in 2014. A recent survey by Adobe showed that 57% of consumers preferred to use apps when completing a purchase compared to 43 percent for the mobile web.
"We are truly excited to become a part of Unbound Commerce." says Chris Belew, CEO of Apptive. "This is one of those situations where the combined company is greater than the sum of its parts. The Unbound platform together with the Apptive platform creates a powerful and unique solution in the eCommerce industry. The combination will enable us to build on our market leadership and to enable even more brands and retailers to succeed in the age of smartphones and tablets."
About Unbound Commerce
With more mobile and tablet commerce deployments than any other solution provider, Unbound Commerce is the industry’s #1 provider of mobile solutions for mid-market online retailers. Unbound’s unique approach combines pre-built, out-of-the-box functionality with custom enhancements to deliver the best mobile solutions cost effectively. Unbound Commerce is pre-integrated with all major e-commerce platforms. Unbound has built and deployed dedicated mobile commerce sites and apps for Finish Line, Sears, Equippers, Crescent Electric, Rockport, Mattress Firm, Bedding Style, Patrick James, Shoe Carnival, FLOR, Cavenders, and over 600 other retailers. For additional information, please visit http://www.UnboundCommerce.com.
Ecova Acquires Retroficiency
Ecova, the total energy and sustainability management company, announced that it has acquired Retroficiency, the leading building efficiency intelligence company. Ecova will leverage Retroficiency’s deep expertise and innovative patent-pending technology in building analytics to drive energy savings and engagement for commercial and industrial customers, both through utilities and directly. Retroficiency analyzes meter data and available building information to rapidly create energy models of buildings that accurately identify energy efficiency and demand savings opportunities at an unmatched speed and scale.
“This acquisition strengthens Ecova’s ability to combine data and technology, with people and insight, to drive powerful results for utility customers, commercial clients and the environment,” said Jana Schmidt, president and CEO of Ecova. “It also emphasizes Ecova’s commitment to analytics-driven customer engagement for utilities; and enhances Ecova’s dedication to help commercial clients reduce energy consumption across their portfolio of sites.”
The utility industry is more dynamic than ever before. Utilities must significantly enhance customer satisfaction and engagement efforts in order to meet increasing energy savings expectations while also successfully navigating a changing landscape, as renewables and distributed energy resources provide the real possibility of market disruption.
“We truly value what both Ecova and Retroficiency bring to Puget Sound Energy,” said Ryan Lambert, manager of business energy management at Puget Sound Energy. “Retroficiency’s platform gives us the ability to perform tailored energy assessments of commercial customers remotely, and Ecova has proven its comprehensive program delivery capabilities by successfully supporting our demand side management portfolio since 2002.”
In order for utilities to achieve their savings goals and increase customer loyalty, they need targeted, simple, personalized and cost-effective programs that deliver value and make it easy for their customers to use energy more efficiently. Retroficiency’s platform has demonstrated the ability to improve customer engagement by 4x versus traditional program marketing efforts, helping to quickly lead to customer project commitments.
“Retroficiency’s leading building analytics capabilities, combined with Ecova’s vertical market expertise and energy efficiency program delivery, will enable customers to quickly identify and implement energy efficiency opportunities within their buildings,” said Bennett Fisher, CEO and co-founder of Retroficiency. “We’re very excited for this union between our two companies and know the market will be too.”
As a leading utility energy efficiency program implementer, Ecova serves nearly 50 utilities across the U.S. and has delivered more than 108 terawatt-hours of energy savings over the past 11 years. For Ecova’s broad base of commercial and industrial clients, this acquisition enables remote analytics for buildings in Ecova’s energy and sustainability management portfolio of over 700,000 sites.
Rapid7 Acquires Logentries
Rapid7, Inc. (NASDAQ: RPD), a leading provider of security data and analytics solutions, today announced it has acquired RevelOps, Inc. d/b/a Logentries (Logentries), a leading provider of machine data search technology. With the addition of Logentries’ world class, cloud-based log management and search, Rapid7 will enable information security teams to solve a full range of security challenges, deeply investigate incidents, and more efficiently achieve their compliance requirements. Rapid7 acquired Logentries for an aggregate purchase price of approximately $68 million, consisting of approximately $36 million in cash and $32 million in Rapid7 equity.
“We’re thrilled to add Logentries’ technology and team to Rapid7. The disruptive combination of Rapid7’s industry-leading data collection and security analytics and Logentries’ compelling machine data search technology, enables customers to better understand and quickly respond to risk in their IT environment,” said Corey Thomas, president and chief executive officer of Rapid7. “This is a natural progression of our security data and analytics platform, complementing our value proposition and accelerating our time to market.”
Customers need solutions that can quickly cut through the noise to deliver valuable information about activity in their IT environment. Today, Rapid7 offers one of the broadest and deepest collections of data, from the endpoint to the cloud. With this robust data collection and packaged analytics, Rapid7 enables security teams to quickly and accurately assess and act to reduce risk, identify and respond to threat actors on the network, and consistently improve their security posture.
Logentries’ innovative technology provides a powerful cloud-based solution for searching, visualizing, and analyzing machine data and logs. Built-in tagging, alerting, and reporting make it easy for customers to maintain a proactive view of their environment and identify anomalous events. Logentries’ scalable, cost-effective architecture enables users to store and search structured, semi-structured, and unstructured data in real time – in some cases five-to-ten times faster than competing solutions – and at a lower cost.
The acquisition of Logentries accelerates Rapid7’s product roadmap, adding machine data search, forensics, and compliance capabilities that complement and build upon Rapid7’s core technology leadership and market strengths around threat exposure management, and incident detection, investigation, and analytics.
Andrew Burton, chief executive officer of Logentries commented, “Rapid7’s leading position in the security data and analytics market gives us the opportunity to reach an evolving and expanding market that is looking for lower cost access to machine data, along with advanced security data collection and analytics.”
Logentries is headquartered in Boston, Massachusetts, with a talented research and development team based in Dublin, Ireland. Logentries serves more than 3,000 customers in over 65 countries across a diverse set of industries. Logentries has approximately 70 employees, nearly all of whom joined Rapid7, including all of the engineering and development professionals in Dublin. Rapid7 will continue to build this team and invest in its presence in Ireland.
Acquisition Details and Financial Impact
The acquisition of Logentries was completed on October 13, 2015 for an aggregate purchase price of approximately $68 million, consisting of approximately $36 million in cash from Rapid7’s balance sheet, the issuance of approximately 1.3 million unregistered shares of Rapid7 common stock, and the assumption of vested options, which became exercisable for approximately 0.2 million shares of Rapid7 common stock.
PTC to Acquire Vuforia
PTC (NASDAQ: PTC) today announced it has signed a definitive agreement to acquire the Vuforia business from Qualcomm Connected Experiences, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), for $65 million. Vuforia is the industry’s most advanced and widely adopted augmented reality (AR) technology platform, and will enrich PTC’s technology portfolio and accelerate PTC’s strategy as a leading provider of technologies and solutions that blend the digital and physical worlds.
Under terms of the agreement, PTC will acquire the award-winning Vuforia business, including the developer ecosystem. PTC is committed to continued investment in the Vuforia platform and to the ongoing support and growth of the Vuforia ecosystem.
Vuforia is a mobile vision platform that enables applications (“apps”) to see and connect the physical world with digital experiences that demand attention, drive engagement, and deliver value. Today, Vuforia is supported by a global ecosystem of developers in 130 countries, and has powered more than 20,000 apps with more than 200 million app installs worldwide.
The combination of Vuforia and PTC leverages two transformational technology trends – Internet of Things (IoT) and augmented reality (AR) – to deliver a new class of products that merge the digital and physical worlds. When coupled with PTC’s IoT and analytics platforms, Vuforia unlocks a world of possibilities for creating new ways to design products, to monitor and control products, and to instruct operators and technicians in the appropriate methods of use and service.
“PTC continues to pursue a strategy of providing an incredibly innovative technology platform that customers can use to capitalize on the emerging Internet of Things (IoT),” said PTC CEO Jim Heppelmann. “Because of what IoT is enabling, more and more products are now a mixture of digital and part physical content. So, naturally, the ways in which we interact with these products will evolve toward a mixed-reality model that blends physical and digital interactions. “
“By delivering powerful computer vision functionality through a simple API, the Vuforia platform has enabled developers and leading brands to deliver award-winning experiences to consumers around the globe,” said Jay Wright, Vice President of Vuforia, Qualcomm Connected Experiences, Inc. “Vuforia has also captured the attention of industry leaders who envision the potential for augmented reality to transform work. As part of PTC, Vuforia will allow developers to realize this potential through integration with PTC’s industry leading applications and ThingWorx IoT platform.”
Vuforia has wide adoption from leading companies including 37 of the Interbrand 100 and has consistently been awarded for its performance, robustness, and ease of use, including “Best Tool” at Augmented World Expo in each of the last three years. Vuforia supports multiple developer tools, including Eclipse, xCode, and Unity and runs on multiple operating systems and devices, including iOS and Android phones, tablets, and selected mobile eyewear.
“We are pleased with the prospect of adding the market-leading AR technology platform, together with its large developer community, to our technology portfolio. Vuforia will accelerate our leadership position helping companies to fundamentally change the way their products are created, operated, and serviced,” added Heppelmann. “We are excited about leveraging Vuforia’s technology leadership in the consumer market while unleashing the Vuforia capabilities into the enterprise. We look forward to welcoming the Vuforia team to PTC.”
Vuforia annual revenue is currently not material to PTC financial results. As a result of cost synergies and investment plans, PTC does not expect Vuforia to impact its FY’16 non-GAAP EPS. The transaction is expected to close by the end of calendar year 2015, subject to customary closing conditions.
Dell Acquires EMC
Per Fortune, "The second-largest tech merger of all time is now official."
Dell Inc. this morning formally announced that it has agreed to acquire network storage giant EMC Corp. EMC -1.87% for approximately $67 billion.
Under terms of the complex deal, EMC stockholders would approximately $33.15 per share. This includes $24.05 per share in cash and $9.10 worth of a tracking stock for VMWare VMW -10.35% , an EMC-owned cloud and virtualization software company that already has around a 20% equity “stub” trading on the public markets. READ MORE
LogMeIn Acquires LastPass for $125 million
LogMeIn, Inc. (Nasdaq:LOGM) today announced that it has agreed to acquire LastPass (incorporated as Marvasol, Inc.), the popular single-sign-on (SSO) and password management service. A high growth business with millions of loyal users and an award winning product line, LastPass will immediately bolster LogMeIn’s position in the multi-billion dollar identity and access management (IAM) market, while accelerating one of the company’s key strategic growth initiatives. The deal is expected to close in the coming weeks.
The future identity market is being shaped by realities that come from end-user driven adoption of cloud, web and mobile apps – the bring-your-own-app (BYOA) trend -- and increasingly decentralized approaches to managing identity in the workplace(1). Seventy (70) percent of companies report using employee-introduced applications (as opposed to IT introduced and company procured applications) in the workplace. This is especially relevant to IT professionals and businesses since eighty (80) percent of cloud applications and services contain sensitive regulated or company confidential data (2). Meanwhile, approximately two-thirds (64 percent) of internet users use the same passwords for most or all websites (3).
LogMeIn is building a product and go-to-market strategy that embraces this BYOA reality and introduces new ways to help individuals and businesses secure access to sensitive information. The LastPass acquisition is expected to play a key role in this effort, is highly complementary to LogMeIn’s existing identity portfolio, and offers a natural extension to LogMeIn’s leadership position in the access market.
“LastPass has a great business, a beloved and award winning product, millions of loyal users, and thousands of great business customers – they are synonymous with the category,” said Michael Simon, LogMeIn’s Chairman and CEO. “We believe this transaction instantly gives us a market leading position in password management, while also providing a highly favorable foundation for delivering the next generation of identity and access management solutions to individuals, teams and companies.”
Following the close of the deal, LogMeIn plans to bring complementary capabilities of its early identity management investments, including those of Meldium, which it acquired in September 2014, into LastPass. In the near-term, both the Meldium and LastPass product lines will continue to be supported, with longer-term plans to center around a singular identity management offering based on the LastPass service and brand.
“LogMeIn and LastPass share a great common vision on reshaping identity and access management in ways that not only increase productivity but also improve security for individuals and companies, alike,” said Joe Siegrist, CEO of LastPass. “The striking commonality between our businesses, our products, and cultural DNA make this a great fit for both teams, and we believe a great win for our customers.”
Under the terms of the transaction, LogMeIn will pay $110 million in cash upon close for all outstanding equity interests in LastPass, with up to an additional $15 million in cash payable in contingent payments which are expected to be paid to equity holders and key employees of LastPass upon the achievement of certain milestone and retention targets over the two-year period following the closing of the transaction.
CyberArk to Acquire Viewfinity
CyberArk (NASDAQ: CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, today announced that it has signed a definitive agreement to acquire privately held Viewfinity, Inc., a Waltham, Mass.-based provider of Windows least privilege management and application control software for $30.5 million in cash. The transaction is expected to close in the fourth quarter of 2015.
Acquiring Viewfinity enables CyberArk to remove administrative privileges from business users, and limit the privileges available to users and applications to only what is needed, allowing only trusted applications to run. This enables organizations to stop the progression of most malware-based attacks at the endpoint, limiting the attacker’s ability to move beyond their initial point of entry.
With the acquisition of Viewfinity, CyberArk will offer protection against privileged-based attacks targeting both business and IT users. Viewfinity’s integrated least privilege and application control solution, combined with CyberArk’s credential vaulting will provide a comprehensive endpoint privilege management solution from the established leader in privileged account security.
The Viewfinity offering is available as either an on-premise or SaaS-based solution.
Digital Guardian Acquires Code Green Networks
Digital Guardian, the only endpoint security platform purpose- built to stop data theft, has acquired Code Green Networks, a provider of Data Loss Prevention (DLP) solutions for the network, cloud and mobile devices.
Code Green Networks’ TrueDLP™ solution is comprised of Network DLP, Discovery DLP and Cloud DLP, and locates sensitive data resting on databases and network servers, including data in the cloud. Founded in 2004 in Sunnyvale, Calif., privately held Code Green Networks helps enterprises protect and manage regulated and other sensitive digital information. TrueDLP is an all-in-one, appliance-based solution that has been heralded by industry analysts for its simplicity and affordability. The latest Gartner Magic Quadrant for Content-Aware Data Loss Prevention found “solution cost, ease of use, available features and time to implement are key buying considerations for Code Green Networks.”1
Code Green Networks has also developed a strong strategic partnership program by offering tightly integrated solutions with other IT security leaders, including Blue Coat Systems®, which enables organizations to address their data security compliance requirements more efficiently and effectively.
With this acquisition, Digital Guardian becomes the only security company exclusively focused on protecting customers’ most valuable data at the endpoint, on the network and in the cloud from both insider threats and outside hackers. The combination of Digital Guardian and Code Green Networks will ultimately provide organizations with one data protection policy administered by a single management console and enforced regardless of where the data is located or how it is accessed. The combined solution will also provide:
Comprehensive data protection for the network, endpoint, cloud and mobile devices
- Advanced data protection from threats originating inside or outside an organization
- Data discovery for endpoints, network, servers and in the cloud
- Context and fingerprint-based data classification for structured and unstructured data
TrueDLP is generally available today, and will continue to be sold as a separate solution until it is fully integrated into the Digital Guardian Data Protection Platform.
In addition, the acquisition provides Digital Guardian with enhanced threat intelligence, deep packet inspection and wider visibility across the network, significantly strengthening its Advanced Threat Protection (ATP) and Endpoint Detection and Response (EDR) capabilities.
Ken Levine, president and chief executive officer, Digital Guardian
“Our mission is to provide ubiquitous data protection. Data that is safeguarded regardless of the threat actor, data type and the system, application, or device used to access it. Our acquisition of Code Green Networks represents a significant advancement in that mission, and following on the heels of our Armor5 and Savant Protection acquisitions, it better positions us to meet the wider data protection and cybersecurity needs of enterprises. Code Green Networks has a long tradition of innovation, and its TrueDLP network and cloud solution is the ideal complement to our own endpoint DLP and threat detection and response offerings.”
Mark Menke, chief technology officer and principal architect, Code Green Networks
“Since its inception, Code Green Networks has sought to make data loss prevention easy to use and affordable. The current solution fits a clear market need; however, we see where the future of data protection is headed. We now work in borderless environments which has changed the threats to sensitive data dramatically. Digital Guardian recognized early that the next generation DLP solution has to protect sensitive data from all threats. We believe in Ken’s mission and we’re pleased to now be part of the team that will make ubiquitous data protection a reality.”
Garrett Bekker, senior analyst, enterprise security at 451 Research
“With the rapid pace of data theft incidents showing no signs of slowing, it’s becoming imperative that companies have a sound data security strategy in place. With the acquisition of Code Green Networks, Digital Guardian has taken another big step forward. The combination of Digital Guardian’s proven endpoint security solution with Code Green Networks’ network-based DLP and advanced discovery capabilities for both on-premise and cloud-based resources will enable Digital Guardian to provide one of the most comprehensive system and data protection solutions on the market.”
About Digital Guardian
Digital Guardian is the only data-aware security platform designed to stop data theft. The Digital Guardian platform performs across traditional endpoints, mobile devices and cloud applications to make it easier to see and stop all threats to sensitive data. For more than 10 years, it has enabled data-rich organizations to protect their most valuable assets with an on premise deployment or an outsourced managed security program (MSP). Digital Guardian’s unique data awareness and transformative endpoint visibility, combined with behavioral threat detection and response, let you protect data without slowing the pace of your business. To learn more please visit https://digitalguardian.com.
1 Gartner Magic Quadrant for Content-Aware Data Loss Prevention, Eric Ouellet, December 12, 2013
Kurt Salmon Acquires Mobispoke
Global management consultancy Kurt Salmon announced today the acquisition of digital retail technology agency Mobispoke LLC, the innovation engine behind such technologies as smart fitting rooms, integrated mobile apps and other leading-edge, interactive shopping experience technologies.
The acquisition evolved from a longstanding relationship during which Kurt Salmon and Mobispoke have provided leading national retailers the strategic guidance and tools necessary to bring 1:1 Retailing to life in an omnichannel world. The combination of technology and strategy has allowed top retailers, including Bloomingdale’s, Dick’s Sporting Goods and Puma, to integrate and personalize consumers’ physical and digital customer experiences across the Web, mobile, social channels, and brick-and-mortar locations.
Following the acquisition, Mobispoke will rebrand as Kurt Salmon Digital and will continue to operate as a wholly owned subsidiary of Kurt Salmon. The transaction is expected to complete within the next few weeks.
“Bringing Mobispoke’s cutting-edge digital capabilities in-house under the Kurt Salmon brand continues our drive to help clients best implement the innovative technologies that are the future of omnichannel retail,” said Brooks Kitchel, managing partner for North America and the Global Retail and Consumer Group at Kurt Salmon. “This strategic acquisition opens up some really exciting avenues to push the envelope and develop new technologies and transformative strategies that will help us secure success for what’s next for our clients.”
Under the Kurt Salmon Digital brand, Mobispoke will continue to work with its existing market-leading retail clientele while augmenting the suite of services that is offered under the Kurt Salmon brand more broadly. As Kurt Salmon Digital, Rob Howard will lead the organization, while Eric Shea and Andrew Wong will remain on board to continue driving digital innovation and client services.
“We’re thrilled to be joining the Kurt Salmon team and to bring our digital development and deployment knowledge to their client base,” remarked Andrew Wong, co-founder and VP of Client Services at Mobispoke. “We’ve been working so closely with the team on the 1:1 Retailing concept over the past year that this really feels like the natural evolution of our partnership together.”
Skyworks to Acquire PMC-Sierra for $2 Billion in Cash
Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance analog semiconductors connecting people, places and things, and PMC-Sierra, Inc. (PMC) (NASDAQ: PMCS), a semiconductor and software solutions leader in storage, optical and mobile networks, today announced a definitive agreement under which Skyworks will acquire PMC for $10.50 per share in an all-cash transaction valued at approximately $2 billion. This acquisition solidifies Skyworks' position as a highly diversified analog, RF and mixed signal semiconductor leader by significantly expanding its product portfolio, customer base and end market applications. Upon completion of the acquisition, Skyworks expects annual revenues of more than $4 billion with gross margin in the 55 percent range and operating margin exceeding 40 percent.
Cengage Learning Acquires Learning Objects
Cengage Learning, a leading global education company, today announced the acquisition of Learning Objects, a Washington, D.C.-based education technology company. Learning Objects powers innovative, customized and adaptive online learning programs and courses to higher education institutions through its state-of-the-art learning platform and instructional design services. With Learning Objects, institutions are able to quickly create both competency-based and traditional online programs and courses integrating publisher content, open educational resources, faculty content and other ed tech vendors’ tools.
“Over the last few years, we have successfully established MindTap as the leading course-level digital solution in the market. At this stage, we were looking for a partner that accelerates our strategy of broadening our offering from course solutions to a full-service online program experience, which many institutions are asking for,” said Michael Hansen, Chief Executive Officer, Cengage Learning. “We found that partner in Learning Objects, whose team shares our vision of how the market is evolving. Their expertise in working with institutional customers to deliver a customized solution that meets their unique needs helps us continue to enrich the relationship between educators and students to advance the way students learn.”
“This next chapter in our company’s growth allows us to accelerate our efforts to transform and improve student learning. By combining Learning Objects’ technology and learning services expertise with Cengage Learning’s extensive faculty and student relationships, market-leading content, and unique MindTap platform, we can provide a transformational offering,” said Derek Hamner, Chief Executive Officer, Learning Objects.
Hansen added, “Students will have more educational choices. Our MindTap customers will gain new functionality. In short, with this acquisition, we will better serve institutions looking to grow the impact and reach of their programs.”
Learning Objects complements Cengage Learning’s existing portfolio of award-winning course solutions and enables the company to take advantage of the momentum toward competency-based learning, adaptive learning and open educational resources. In addition, Cengage Learning will be able to offer instructors and institutions a content-agnostic platform with flexible program-level curriculum development and delivery models and a unified learner experience. Cengage Learning will also be able to serve as a preferred technology partner for other publishers seeking new and innovative content delivery solutions.
Terms of the deal were not disclosed. For media questions, please contact Kristina Massari at email@example.com orSusan Aspey at firstname.lastname@example.org.
About Cengage Learning
Cengage Learning is a leading educational content, technology and services company for the higher education and K-12, professional and library markets worldwide. The company provides superior content, personalized services and course-driven digital solutions that accelerate student engagement and transform the learning experience. Cengage Learning is headquartered in Boston, MA with an office hub located in San Francisco, CA. Cengage Learning employees reside in nearly 40 different countries with company sales in more than 125 countries around the world. www.cengage.com.
About Learning Objects
Learning Objects is a learning innovation partner with higher education and learning science expertise. We design and build innovative programs, courses and learning experiences. Using Difference Engine®, our next generation learning environment and tools, we collaborate with institutions and other education providers to deliver competency-based, personalized and adaptive learning at scale.
Flywire Acquires Uni-Pay
Flywire (formerly peerTransfer), the leading provider of global payment solutions for the education industry, today announced it has acquired UK tuition processor Uni-Pay. Uni-Pay offers tuition payment services to students attending 60 educational institutions in the UK, the second leading destination for foreign students studying abroad.
Uni-Pay clients include University of Durham, University of Leeds, Manchester Metropolitan University, Liverpool John Moores University, Kings Education, Bell Educational Services and University of Liverpool. The company’s six Warrington-based employees will join Flywire, which began operating in the UK two years ago.
With the acquisition, Flywire will now serve over 120 UK-based educational clients, making it the clear market leader in the UK. Worldwide, the company now provides payment processing of international tuition, room and board payments, on an exclusive basis, for over 800 schools across 12 countries. The company, which raised $22M in early 2015 to accelerate its international growth, is on-track to process $2 billion in tuition payments this academic year. The company recently announced it was changing its name from peerTransfer to Flywire, as it seeks to become the global standard for important, large-sum payments that cross borders. In July, the company announced its expansion into China, the world’s largest market for students studying abroad.
Flywire provides an easy-to-use, cost-effective and secure way for international students to pay their tuition and other expenses at educational institutions located primarily in the U.S., Canada, the United Kingdom and Australia. Its cloud-based solution and growing payment volumes enable the firm to provide discounted currency conversion rates that can result in significant savings vs. the rates offered by banks in students’ home countries. Educational providers can offer a range of multi-currency payment options including bank transfers, credit/debit cards, and online banking.
“We are delighted to have Uni-Pay’s outstanding slate of educational clients join the Flywire community, and to be able to offer the industry’s #1 international payment platform to them,” said Mike Massaro, CEO of Flywire. “We’ve worked hard to earn our reputation for providing outstanding customer service and industry-leading technology to students and educational institutions around the world. The considerable experience and talents of the Uni-Pay employees joining our team will add greatly to our capabilities and further solidify that reputation.”
“This is truly a win-win-win situation for international students, educational institutions and the Uni-Pay/Flywire teams,” said Paul Kennedy, acting CEO of Uni-Pay. “Our clients and their students gain access to Flywire’s best-in-class foreign exchange rates, 24/7 multi-lingual servicing capabilities and broad choice of payment options. And the joint team is uniquely positioned to expand the success of Flywire here in the UK and across Europe.”
Uni-Pay has previously been operating as a subsidiary of Collective Enterprises Ltd. (CEL), owner of business services companies based in Warrington, UK.
Flywire, formerly peerTransfer, is the leading provider of global payment solutions for the education industry, providing processing, tracking and reconciliation services for over 800 educational institutions worldwide. The company offers an easy-to-use, economical payment experience for international students from over 200 countries and territories. Using local bank transfers, online payments, and credit and debit cards denominated in local currencies, students can more easily and confidently pay for their international tuition, room and board at educational institutions around the world. Flywire’s discounted currency conversion rates can offer significant savings compared to home-market banks and credit card providers and the company offers outstanding customer service and payment monitoring for both students and universities. Brown University, Cornell, MIT, University of Miami, University of Massachusetts–Amherst and University of Western Australia are just some of the schools offering the service to their international students.
Flywire is headquartered in Boston and has operations in Europe, Asia and Australia. For more information, visit www.peerTransfer.com (soon to become www.flywire.com).
Intronis, Inc. Acquired by Barracuda
Barracuda Networks, Inc. (NYSE: CUDA) today announced it has entered into a definitive agreement to acquire privately held Intronis, Inc. (Intronis), a leader in providing data protection solutions to managed service providers (MSPs), a fast-growing channel delivering IT services to small and medium-sized businesses.This acquisition is expected to greatly expand Barracuda’s channel reach with the addition of nearly 2,000 MSPs and a purpose-built platform designed to streamline how MSPs service the data protection needs of their customers. The transaction is expected to close in Barracuda’s fiscal third quarter.
“The Intronis team has built a strong reputation for delivering a platform that was designed to meet the evolving needs of MSPs. Barracuda and Intronis share a commitment to simplicity, customer experience, and the channel. We believe a larger opportunity exists to add Barracuda’s award-winning security and data protection solutions to the Intronis platform to expand its offerings. This will allow Intronis’ MSP partners to address the broader needs of their customers,” said BJ Jenkins, CEO and President of Barracuda. "Barracuda has a rich history of innovation – with our subscription services, SaaS offerings, and public cloud focus, and this transaction builds on those successes. It also allows us to expand our market reach, and to offer compelling IT solutions no matter how customers want to consume them.”
Organizations continue to explore ways to increase efficiencies in their IT infrastructure.
In fact, according to CompTIA’s 4th Annual Managed Services Trends Survey1, there is a growing number of customers looking to MSPs to procure, deploy, and manage their IT initiatives. Specifically, 72% of respondents use an MSP for backup/disaster recovery initiatives, while 68% rely on their MSP for their security initiatives.
At the same time, a growing number of traditional VAR partners are embracing the MSP model as a platform to better address the requirements of their customers. With the addition of Intronis, Barracuda will be better positioned to address these requirements with its simplified pricing, delivery and support platform that makes it easier for MSPs to manage their customers’ network, security and data protection needs.
Additional highlights include:
- Purpose-Built MSP Platform – Intronis’ growth in the MSP market is driven by its Intronis ECHOplatform, which many of its MSP partners use as the foundation of their managed services business, and traditional VARs have used to accelerate their transition into becoming managed service providers. Closely integrated with the major Professional Services Automation (PSA) and Remote Monitoring and Management (RMM) providers, the Intronis ECHOplatform enables MSPs to easily deploy and manage data protection services for their end customers with comprehensive reporting, centralized account management, and consolidated billing.
- Expanded Customer Opportunity – Research from Markets and Markets2 finds that the annual growth rate of the SMB managed services market will exceed 20% over the next five years. Intronis’ technology and processes deliver an efficient way to better reach those customers, providing the ability for Barracuda to accelerate growth in this market.
- Extended Channel Reach – Intronis’ MSP experience and award-winning infrastructure expand Barracuda’s channel reach in the newer, fast-growing MSP partner segment. This includes the nearly 2,000 MSPs that partner with Intronis today, of which less than 10% overlap with existing active Barracuda partners. Further, many key elements of the managed services market are forecast to grow at double-digit rates according to Gartner3, representing significant opportunities for MSPs to support their clients’ cloud migration plans and their IT service deployment, management and security needs. Barracuda’s award-winning security and data protection products, including Barracuda’s Office 365 offerings, can be adapted over time to take advantage of the current Intronis channel, as well as enable international expansion of the current Intronis offerings.
“We’ve invested heavily in developing and maintaining strong relationships with our MSP channel, which is reinforced by our platform designed to simplify how our partners manage their offerings,” said Rick Faulk, CEO of Intronis. “We are looking forward to working with the Barracuda team as part of the dedicated MSP business to further drive Intronis to the next phase of our growth as we begin to expand our MSP footprint internationally and increase our ability to bring a broader suite of technology products and services to our MSP partners.”
With its focus on the MSP channel since 2009, Intronis has grown to service the needs of nearly 2,000 MSP partners who manage the IT requirements for more than 36,000 customers. Intronis partners rely on the combination of its centralized management portal, PSA and RMM integrations, simplified pricing structure, as well as its award-winning partner support to simplify their data protection and management infrastructure.
"As a long-standing partner of Intronis and Barracuda, we have always appreciated both companies' commitment to our success,” said Eric Janson, President of Parallel Edge. “Intronis’ focus on simplifying how I deliver solutions ensures that I am efficiently providing high quality services to my customers, and Barracuda’s comprehensive, easy-to-use portfolio allows me to address a broad set of customer challenges, efficiently and cost effectively. I believe this combination will further help partners like us create new opportunities to serve the IT needs of our customers even more effectively as we expand our business."
IBM Plans to Acquire Meteorix
IBM (NYSE: IBM) today announced plans to acquire Meteorix LLC, a premier Workday (NYSE: WDAY) services partner, to help companies gain new competitive advantage by aligning people with financial performance and redefine work with the speed and simplicity of cloud-delivered finance and HR services.
Executives are under increased pressure to make the best possible decisions faster and with more predictable outcomes to drive growth and competitive advantage. Companies are looking for new ways to attract, engage, develop and support employees amidst the fierce global competition for top talent. Advancements in cloud, mobile, analytics and cognitive computing allow both finance and HR executives to operate with a more complete, real-time picture of their organization.
Verndale Acquires Dustland
Verndale Acquires Dustland to Create One of the Largest Independent Marketing Technology Agencies in the Industry
Acquisition expands Verndale’s global presence and their ability to offer unmatched strategic, creative and technical services.
Verndale, the marketing technology agency that is pioneering the way people and brands connect, today announced that it has acquired Dustland, one of the fastest growing digital agencies in Los Angeles. With the acquisition, Verndale expands on its already robust capabilities and service offerings, deepening its ability to design, implement and manage virtually any branded customer experience on any channel, device or technology platform. Verndale also increases its headcount by 20 percent, making it one of the largest independent marketing technology agencies in the U.S., with almost 200 full-time employees in six offices across the country and two internationally.
“We are committed to tirelessly evolving and expanding Verndale's capabilities so that our clients can stay ahead of the wants and needs of their own customers,” said Chris Pisapia, co-founder and managing partner of Verndale. “Being the first call for brands who want to more meaningfully engage with their customers is a testament to Verndale’s ability to deliver user-centric experiences that cross channel, device and geography. At the same time, the technology backbone must be in place to tightly manage these experiences. With the addition of Dustland's exceptionally talented team, we provide our clients with all this and more. Brands who want to evolve and transform faster than their competitors need to look no further than Verndale.”
Founded in 1998 and headquartered in Boston, Verndale has a successful track record designing, building and evolving customer experiences for global brands like Stanley Black and Decker, SeaWorld Parks and Entertainment and Carnival Cruise Lines. Dustland has implemented digital experiences for marketing trailblazers like HBO, Volkswagen, Visa and Taco Bell. From Dustland, Verndale gains leading creative and mobile application development talent, and expands its geographical footprint to both the western region of the United States and Quito, Ecuador. The combined company will have strong capabilities in marketing strategy, creative design services and back-end development and implementation, strongly positioning it to compete with other top digital marketing agencies. Growing rapidly, Verndale expects to double revenue in 2015 as compared to 2014.
According to Gartner, by 2020 the customer is expected to manage 85 percent of its relationship with an enterprise, bypassing human interaction. This makes the quality and reliability of the customer experience paramount to the success of a business. A long-time Sitecore platinum partner and one of the first EPiServer partners in the United States, Verndale offers unparalleled strategy, experience design, technology and post-launch managed services. Further, it understands the operational, organizational and technological demands an enterprise faces when it extends and manages sophisticated customer experiences. Verndale can work across both centralized and siloed business units to create a cohesive backend strategy that both technology and marketing departments can champion.
“The marketing technology agency space is extremely crowded as marketers race to take advantage of the newest digital and mobile innovations that will help them engage and retain their coveted audiences, but few agencies set up brands to do this well. Verndale stood out to me because it blends strategic, creative and technological expertise in a way that is unmatched,” said Minh Le, CEO of Dustland. “I’m thrilled to combine our all-star team with theirs and have full confidence that our teams will together change the way people and brands connect for the better.”
Dustland and its employees are now part of Verndale and will continue to operate from its Los Angeles office. Le will join Verndale’s leadership team as a managing partner running the west coast operations. He is an industry veteran who before founding Dustland, worked at Razorfish and has experience leading large scale projects for clients such as Singapore Airlines, Ingram Micro, Intermec, Sony, DaVita and Viking River Cruises.
Verndale is the marketing technology agency that brands call when they want to connect with their customers in a more meaningful way. It designs, builds and evolves digital experiences that mid-sized and Fortune 500 companies use to bring their products and services to life for their always-on customers. Offering unparalleled strategy, experience design, technology and post-launch managed services, Verndale works across departments and platforms to create and sustain cohesive experiences that both marketing and technology leaders love. One of the largest independent agencies in the industry, Verndale is headquartered in Boston with five additional offices across the U.S. It counts some of the most recognizable brands in the world as customers including Stanley Black and Decker, The Ohio State University and Carnival Cruise Lines. For more information, visit www.verndale.com
Dustland is a Los Angeles based digital agency with a rare combination of creative and technology talents that enable the company to deliver compelling brand experiences that build equity and maximize the effectiveness of the digital channel. As a certified Sitecore Partner, Dustland focuses on the successful planning and implementation of customer experience solutions. Our clients include Great Clips, Honda, VW, Cisco, UCLA, USC and The Ohio State University.
CommScope to Acquire Airvana
CommScope Holding Company, Inc. (NASDAQ: COMM), a global provider of connectivity and essential infrastructure solutions for communications networks, has agreed to acquire Airvana LP, a privately-held leader in small cell solutions for wireless networks.
Airvana, headquartered in Chelmsford, Massachusetts, provides award-winning 4G LTE and 3G small cell solutions that enable people to access communications, information and entertainment in the most challenging and high-value environments—offices, public venues and homes. Since its founding in 2000, Airvana has played a key role in enabling the use of mobile devices for data access. Airvana began small cell development to complement its macro cell mobile broadband infrastructure products and today focuses exclusively on small cells. Airvana has shipped 1.5 million small cells and supports one of the largest small cell networks in the world.
This acquisition will expand CommScope’s leadership and capabilities in providing indoor wireless capacity and coverage, an increasingly important market opportunity that is growing due to consumers’ and businesses’ insatiable demand for wireless data. The combination of Airvana’s innovative small cell offerings and CommScope’s industry-leading distributed antenna systems (DAS) portfolio will enable CommScope to provide a broader range of solutions, addressing single-operator, single-band, low capacity
environments all the way through multi-carrier, multi-technology, multi-band, high capacity environments.
“Airvana has differentiated itself in the emerging indoor small cell market through its unique product architecture and innovation,” said Morgan Kurk, senior vice president and Wireless segment leader, CommScope. “With a 15-year track record of delivering mobile broadband infrastructure products that meet the requirements of Tier 1 operators, Airvana’s carrier-grade embedded software development capabilities are impressive and complementary to CommScope.
“As the wireless industry evolves toward Cloud RAN, we believe that CommScope’s ION-E® solution and Airvana’s OneCell™ Cloud RAN small cell system together will comprise a full range of highly flexible, cost-effective solutions that address all the indoor wireless challenges customers face. I look forward to welcoming Airvana to CommScope and working with its talented team to provide the wireless solutions needed for today and into the future.”
Richard Lowe, Airvana’s president and chief executive officer; Vedat Eyuboglu, Airvana’s co-founder and chief technology officer; and Airvana’s existing employees, most of whom are in Chelmsford, Mass. and Bangalore, India, will join CommScope. The acquired business will continue to be headquartered in Chelmsford and will operate within CommScope’s Wireless segment upon completion of the acquisition.
“Our breakthrough Cloud RAN small cell architecture represents a dramatic advance in wireless performance, capacity and deployment economics,” said Eyuboglu. “With CommScope, we will be perfectly positioned to realize its full potential.”
“We look forward to pairing our expertise in small cells with CommScope’s broad portfolio and global presence,” said Lowe. “Combining our capabilities will create an extensive set of indoor wireless solutions to meet the evolving needs of our customers. Moreover, we believe CommScope’s global marketing, distribution and support capabilities will enable us to rapidly grow the business for our small cell products. CommScope's intent to remain a leader in small cells through technology innovation and their commitment to their workforce makes it an excellent home for the Airvana business.”
Airvana’s 4G small cell product portfolio includes OneCell, the world’s first Cloud RAN small cell system, targeted for enterprise and public venue LTE deployments. OneCell has won multiple technology awards, including the Outstanding Overall Mobile Technology award at Mobile World Congress 2015. Airvana also introduced recently the S1000 Small Cell for small and medium businesses, and is a finalist for the Emerging Technology Award at CTIA Super Mobility 2015 September 9-11 in Las Vegas. Both small cell solutions are managed via the Airvana Device Management System, a comprehensive, highly scalable small cell management system that enables plug-and-play provisioning of small cells, self-organizing networks (SON) and performance monitoring.
The acquisition, which is structured as a purchase of substantially all of Airvana’s assets, is expected to be completed within the next 60 days. CommScope intends to fund the acquisition with cash on hand. Additional terms of the acquisition were not disclosed.
Robinson Bradshaw & Hinson, P.A. is serving as legal advisor to CommScope. Pacific Crest Securities is serving as financial advisor to Airvana and Sidley Austin LLP is serving as its legal advisor.
Bit9 + Carbon Black Acquires VisiTrend
Bit9® + Carbon Black®, the market leader in endpoint threat prevention, detection and response, today announced it has acquired Boston-based security analytics and visualization firm VisiTrend. The acquisition reflects Bit9 + Carbon Black's continuing investment in innovation that enables it to deliver the industry's number-one next-generation endpoint security solution to its growing global customer base.
VisiTrend co-founders John Langton, Ph.D., a data scientist, and Alex Baker, Ph.D., a data science engineer, are among the employees joining the Bit9 + Carbon Black research and development organization. The analytics and visualization expertise of the team—along with the VisiTrend IP—combined with Bit9 + Carbon Black's big data platform will help accelerate and expand the company's industry-leading capabilities. The combination of endpoint data and global threat intelligence with machine-learning algorithms will take endpoint threat prevention, detection and response to a new level.
"The war against advanced threats and targeted attacks will be won by the solution provider that does the best job of combining robust and innovative products with the very best analytics and machine learning," said Patrick Morley, Bit9 + Carbon Black chief executive officer. "That company will be Bit9 + Carbon Black. Since the merger of Bit9 and Carbon Black 18 months ago, we have been experiencing hyper growth, as the demand for next-generation endpoint security solutions continues to explode. Adding VisiTrend's expertise and IP will help us continue our amazing growth trajectory."
The VisiTrend team will be based in a soon-to-open Bit9 + Carbon Black technology development office in downtown Boston. That facility also will be home to the cloud software development team the company acquired in May of this year. "Having an office in such a convenient location will make us an even more attractive destination for technical talent who prefer to work in Boston," said Morley.
About Bit9 + Carbon Black
Bit9 + Carbon Black is the market leader in next-generation endpoint security. The company expects that by the end of 2015 it will achieve $70M+ in annual revenue, 70 percent growth, 7 million+ software licenses sold, almost 2,000 customers worldwide, partnerships with 60+ leading managed security service providers and incident response companies, and integrations with 30+ leading security technology providers. Bit9 + Carbon Black was voted Best Endpoint Protection by security professionals in the SANS Institute's Best of 2014 Awards, and a 2015 SANS survey found that Carbon Black is being used or evaluated by 68 percent of IR professionals. Companies of all sizes and industries, including more than 25 of the Fortune 100, use Bit9 + Carbon Black to increase security and compliance.
Bit9 and Carbon Black are registered trademarks of Bit9, Inc. All other company or product names may be the trademarks of their respective owners.
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Zipcar Acquires Local Motion
We’re excited to let everyone know that as of August 13, 2015 Local Motion has been acquired by Zipcar, the world’s leading car sharing network. Zipcar and Local Motion have a lot in common: we share a commitment to provide an exceptional experience for our users and we see car sharing as the future of mobility.
Since Local Motion was founded nearly five years ago, we’ve learned a lot about helping people reserve, locate, access, and return shared vehicles. We’re excited to bring what we’ve learned to Zipcar where we’ll be working on a number of projects to drive the future of mobility further and faster.
The last five years have been truly amazing. We’ve had the chance to work with phenomenal people to found, fund, and now sell our company. We’re truly humbled by this experience.
We can’t wait to see what this combination of brilliant people can do. To learn more about Zipcar, please visit www.zipcar.com
See you on the road,
-John, Clement, and the Local Motion team
TechMedia Network Acquires BuyerZone, the Leading Online Service Connecting SMB Buyers & Sellers
TechMedia Network, Inc., one of the largest and most respected tech and science media companies, today announced the acquisition of BuyerZone, the leading online marketplace for buyers and sellers of SMB products and services. With this acquisition, TechMedia Network continues to expand its ability to both drive and simplify complex purchase decisions for end-users through an industry-unique combination of Content, Community, and Commerce. READ MORE
DataDog Acquires Mortar Data
Here’s an obvious acquisition and product enhancement story. Datadog is a monitoring service built for the distributed, cloudy world. Datadog aggregates data from servers, databases, applications, tools and services in order to generate a unified view of application performance. The idea being that in a highly distributed world, only through holistic monitoring will the root cause of any performance degradation be found.
Mortar Data, on the other hand, is a small startup that is focused on helping companies build and run big data applications and data pipelines. Their raison d’etre is to help companies capture large amounts of data and then derive some meaningful insights from that body of information. READ MORE
DrugDev acquires CFS Clinical (CFS)
DrugDev, an interactive network and data sharing platform for over 80,000 clinical trial doctors in 93 countries, announced today its acquisition of CFS Clinical (CFS), the leading specialty provider focused on the business and financial management activities for clinical trials. READ MORE