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
DrugDev acquires TrialNetworks
In May, DrugDev acquired Newton, Mass.-based TrialNetworks, which provides a unified cloud-based platform of trial management apps and site-facing tools that was awarded Disruptive Technology of the Year by Partnerships in Clinical Trials 2014. Following the acquisition, TrialNetworks and DrugDev hosted a collaborative annual Summit for clinical operations leaders in Boston – featuring a keynote from Dr. Jorge Guerra and case study presentations from customers – to share best practices, site engagement strategies and creative solutions to challenges facing the industry. READ MORE
GSN Games Acquires Idle Gaming
GSN Games, a leading provider of social casino games and cash tournaments, has acquired social casino game developer Idle Gaming, whose titles include Fresh Deck Poker, Slots of Fun and Video Poker Tour. The acquisition adds both high-quality talent and mobile platform technologies that support GSN Games’ long-term strategic growth. READ MORE
SilverRail Acquires Sweden’s Linkon To Further Mission To Consolidate Rail Ticketing And Search
SilverRail Technologies, the UK company that’s building a tech platform to consolidate passenger rail ticket booking and search across Europe and further afield (including the U.S.) and provide it as a service to travel retailers and sites, has gone a step further on its mission by means of an acquisition.
CounterTack Acquires ManTech Cyber Solutions International
CounterTack, the leader in Big Data Endpoint Detection and Response (EDR), today announced it has acquired ManTech Cyber Solutions International (MCSI), a commercial software division of ManTech International Corporation (Nasdaq:MANT). The acquisition enhances CounterTack’s leadership position in the EDR market, and will enable CounterTack to deliver truly unprecedented value to its market-leading 200+ customers, by combining real-time operating system-level behavioral threat detection with in-memory threat analysis that maps to the entire cyber kill chain and scales enterprise-wide. ManTech will become an equity investor in CounterTack as well as a global distribution partner...READ MORE
EMC Sells Syncplicity
Per TechCrunch, EMC has sold cloud sync and share product, Syncplicity, to private equity Firm.
When EMC bought cloud sync and share company, Syncplicity in 2012, it seemed the company was trying to change the way it does business, but three years later it’s selling out to private equity firm, Skyview Capital, perhaps ready to concede that a freemium cloud model doesn’t fit the company culture. READ MORE
Francisco Partners Acquires HealthcareSource
Francisco Partners, a global technology-focused private equity firm, announced it has completed its acquisition of HealthcareSource, the leading provider of talent management solutions for healthcare. Peter Segall and the existing executive team will continue to lead the company.
“The potential of this partnership became even more evident during our work with the Francisco Partners team in the last few weeks as the transaction closed,” said Peter Segall, president and CEO of HealthcareSource. “I am confident that the firm’s resources and expertise will advance HealthcareSource’s growth.” READ MORE
Interactions Buys AT&T Speech Recognition Platform to Improve Interface Technology
AT&T has found a home for Watson — and it's not in the AT&T Labs. The speech recognition platform and some related patents were sold this week to Franklin, Mass.-based customer care company Interactions Corporation for an undisclosed amount of equity.
Interactions, which develops and markets natural language understanding technology, used by companies the likes of Hyatt, Best Western and Humana, will use the technology to improve its customer service system and create an "Interface of Things," Interactions CEO Mike Iacobucci said in a statement. READ MORE
Whetlab acquired by Twitter
Over the past year, we have created a technology to make machine learning better and faster for companies, automatically. Twitter is the platform for open communication on the internet and we believe that Whetlab’s technology can have a great impact by accelerating Twitter’s internal machine learning efforts. READ MORE
Bit9 acqui-hires Objective Logistics
As reported by Dan Primack at Fortune, Bit9 acqui-hires Objective Logistics.
Privately-held cybersecurity company Bit9 has quietly acquired Objective Logistics, a Boston-based maker of restaurant management software, Fortune has learned.
The deal is effectively an aqui-hire, with around a dozen Objective Logistics employees joining Bit9. Not moving over, however is Objective Logistics founder and CEO, who says he’s Philip Beauregard “retired until further notice.” READ MORE
Comverse to Acquire Acision
Combined Entity Will Incorporate Best-of-breed Complementary Products and Technologies to Drive Increased Global Footprint, Market Leadership in Messaging and Digital Services
WAKEFIELD, Mass., June 15, 2015 – Comverse, Inc. (Nasdaq: CNSI), a global leader in digital services, today announced that it has entered into a definitive agreement to acquire Acision, a privately-held leader in secure mobile messaging and engagement services, based in Reading, United Kingdom. Comverse will acquire Acision for a purchase price consisting of approximately $135 million in cash, 3.13 million shares of Comverse’s common stock, and potential earnout payments of up to $35 million. In addition, Comverse will seek to maintain Acision’s existing $157 million senior credit facility following completion of the transaction. The Boards of Directors of Comverse and Acision have approved the transaction, which, subject to satisfying closing conditions, is expected to be complete by the end of the third calendar quarter. Following completion of the transaction, the new company will be led by a team comprised of executives from both organizations under the leadership of Comverse CEO Philippe Tartavull and the company will remain headquartered in Wakefield, Massachusetts, USA.
Enabling Today’s Digital Services
In addition to offering market-leading Cloud Multi-VAS and IP messaging solutions, the combined company will provide Service Providers, Over the Top (OTT), and Enterprise customers with a wide array of fast-growing mobile monetization, enterprise messaging and digital services in high growth segments. Comverse helps Communication Service Providers (CSPs) transition to Digital Service Providers (DSPs) and gain competitive advantage through a portfolio of solutions that help them monetize the coming “fourth wave” of digital services. The combined company’s expanded portfolio will extend into new digital application areas including data analytics, secure enterprise application-toperson (A2P) messaging, credit orchestration, two-factor authentication, and Machineto-Machine (M2M) communication as well as Rich Communication Services (RCS), WebRTC, and APIs for rapid service creation.
“Continued consolidation in the Service Provider space creates the need for strong suppliers,” said Philippe Tartavull, President and Chief Executive Officer, Comverse. “Our acquisition of Acision underscores Comverse’s commitment to quickly building scale and market leadership in the fast-growing digital services sector. This acquisition creates a formidable platform for innovation that is expected to serve our customers’ current and evolving needs. Acision brings a diverse portfolio of mobile monetization and rich enterprise messaging solutions complementing Comverse’s market leading digital services platform. The combined portfolio will allow us to enable our service provider and enterprise customers to deliver and monetize a new array of advanced digital services to their customers.”
“Today’s acquisition is in line with our growth strategy to broaden our reach and capabilities, and brings two leading companies together to deliver the very latest monetizable, rich communication services for mobile operators and enterprises worldwide,” said Didier Bench, Executive Chairman at Acision. “The two companies are well aligned in their respective visions and strategies, yet were operating in largely complementary markets. We believe that joining forces is in the best interests of both our customers and our employees, and our commitment to them and the products we provide will remain our highest priority. By combining our resources, we can provide our customers and partners with access to an extended portfolio of digital products and services, with high quality innovation as well as the best in class knowledge and expertise.”
“The combination of Acision and Comverse creates a market leader in the high growth digital services segment,” commented Jorg Mohaupt, Head of TMT at Access Industries, majority shareholder of Acision. “We are excited about the potential of this acquisition and the resulting value creation for our shareholders.”
Acision connects the world by powering relevant, seamless mobile engagement services that interoperate across IP platforms and enrich the user experience creating value and new communication opportunities for carriers, enterprises and consumers across the world. For more information, visit Acision at http://www.acision.com
Comverse empowers people to engage with each other, services, and things as part of their multi-device, digital lifestyle. We help service providers and enterprises deliver and monetize innovative digital experiences through an award-winning portfolio of cloud-based software solutions, backed by expert services. You can find us at www.comverse.com.
This press release includes “forward-looking statements.” Forward-looking statements include financial projections, statements of plans and objectives for future operations, statements of future economic performance, and statements of assumptions relating thereto. In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “expects,” “plans,” “anticipates,” “estimates,” “believes,” “potential,” “projects,” “forecasts,” “intends,” or the negative thereof or other comparable terminology. These forward-looking statements include statements regarding benefits of the proposed transaction, including future financial and operating results, expected capitalization at the closing of the transaction, expected synergies and anticipated future financial operating performance, our and Acision’s plans, objectives, expectations and intentions and the expected timing of completion of the transaction. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results, performance and the timing of events to differ materially from those anticipated, expressed or implied by the forward-looking statements in this press release. Such risks or uncertainties may give rise to future claims and increase exposure to contingent liabilities. These risks and uncertainties relate to (among other factors) the market price of our stock, operating expenses and cash flows, variability of our tax provision, and the additional risks described in the sections entitled “Forward-Looking Statements” and Item 1A, “Risk Factors” and elsewhere in the company's Annual Report on Form 10-K, or in subsequently filed periodic, current or other reports. In addition to the risks and uncertainties set forth in our SEC filings, the forward-looking statements described in this press release could be affected by the following, among other things, (i) conditions to the closing of the transaction may not be satisfied; (ii) problems may arise in successfully integrating the Acision business into our current business, which may result in our not operating as effectively and efficiently as expected; (iii) we may be unable to achieve expected synergies or it may take longer than expected to achieve such synergies; (iv) the transaction may involve unexpected costs or unexpected liabilities; (v) our business may suffer as a result of uncertainty surrounding the transaction; (vi) our industry may be subject to future regulatory or legislative actions that could adversely affect us; and (vii) we may be adversely affected by other economic, business, and/or competitive factors. We undertake no commitment to update or revise any forward-looking statements except as required by law.
These risks and uncertainties discussed above, as well as others, are discussed in greater detail in our filings with the SEC. The documents and reports we file with the SEC are available through us, or our website, www.comverse.com, or through the SEC's Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) at www.sec.gov. READ MORE
LogMeIn Acquires Zamurai
BOSTON, June 4, 2015 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq:LOGM), the company behind the popular join.me meeting and collaboration app, today disclosed the acquisition of San Francisco-based Zamurai Corporation, a pioneer in mobile collaboration and whiteboarding. Zamurai's highly acclaimed mobile whiteboard has been integrated into join.me as part of a new mobile push and major refresh of join.me's iPhone, iPad and Apple Watch apps. It will now be offered exclusively via join.me.
The deal, which closed in late 2014, was LogMeIn's second recent acquisition of a San Francisco start-up. The entire Zamurai team is staying on as a part of the transaction, with the co-founders taking leadership roles on join.me's marketing and product organizations.
Founded in 2013, Zamurai builds mobile-first real-time visual collaboration solutions to help professionals capture and share their ideas and conversations. The company's mobile whiteboarding app was featured as a Best New Productivity App in the App Store. The Zamurai Mobile Whiteboard re-approached the whiteboard experience for mobile including a powerful library of images, lines, shapes with a state of the art drawing tool all on an infinite canvas.
"Mobile innovation is a key focus for join.me. And we believe that a true mobile-first approach means embracing the unique benefits of mobile to boost collaboration, as opposed to trying to duplicate desktop or in-person experiences on a mobile device," said Bill Wagner, president and COO of LogMeIn, makers of join.me. "With the acquisition of Zamurai team, we gain both a team and product that can help us rapidly accelerate join.me's mobile-first innovation – innovation aimed squarely at addressing the new realities of today's inherently mobile workforce."
Zamurai was named a "Hot Vendor in Content Authoring and Collaboration, 2014" by Aragon Research and earned several industry accolades, including being a Best App Finalist (two categories Collaboration and Productivity) in the Tabby Awards; Best Business App Finalist in the Appy Awards; and a NetworkWorld 'Top 20 Productivity App' in 2014, among others.
"Both join.me and Zamurai recognize that how people work has changed. We meet and collaborate in real time and more often than not, we interact online. And we were both passionate about the simplicity of the experience for our customers," said Michael Parker, CEO and co-founder of Zamurai, now VP of Marketing for join.me. "The fact is Zamurai was actually a join.me customer. We used it everyday, so it was obvious how complementary we were together."
- join.me iOS announcement (featuring integration of Zamurai): http://joinm.ee/6003hGdX
- Note to Zamurai customers (from the Zamurai blog): http://zamurai.com/news/
- Related art work and images: http://joinm.ee/6008hJGM
- Link to new join.me iOS app
Zamurai is building the mobile-first real time visual collaboration solution for today's business letting professionals capture and share their ideas and conversations on any device – phone, tablet, or desktop. Founded in 2013, Zamurai's mission is to enable businesses to capture ideas and discussions so they can be accessed anywhere, anytime. For more information, visit http://zamurai.com.
About LogMeIn, Inc.
LogMeIn, Inc. (Nasdaq:LOGM) simplifies how people connect to each other and the world around them. With millions of users worldwide, our cloud-based solutions make it possible for people and companies to connect and engage with their workplace, colleagues, customers and products anywhere, anytime. LogMeIn is headquartered in Boston with offices in Bangalore, Budapest, Dublin, London, San Francisco and Sydney. READ MORE
* Learn more about LogMeIn on our VentureFizz BIZZpage - We're HIRING!
Raizlabs Acquires Find & Form
We are excited to announce that we’ve completed the acquisition of Find & Form, a Boston-based mobile app design and development agency. Find & Form’s clients included the popular wine app Drync, Boston startup Shuttersong, and a startup called The Collective which was founded by the CEO of StumbleUpon. We’ve been working with Find & Form over the last few months on a number of projects and we felt that the partnership could be extended and deepened through a strategic acquisition.
Both Raizlabs and Find & Form share a passion for excellence in digital products and mobile technology. The partners of Find & Form represent the core pillars of Raizlabs’ values. We believe that these elements are core to building and engineering great products: Mobile Strategy, Product Design, and Software Development. These elements have been central to both companies’ successes, and will continue to be central to our joint ability to create and build great digital products in the future. READ MORE
EMC To Acquire Virtustream
EMC Corporation (NYSE: EMC) today announced it has entered into a definitive agreement to acquire privately-held Virtustream. When the transaction closes, Virtustream will form EMC’s new managed cloud services business. The acquisition represents a transformational element of EMC’s strategy to help customers move all applications to cloud-based IT environments. With the addition of Virtustream, EMC completes the industry’s most comprehensive hybrid cloud portfolio to support all applications, all workloads and all cloud models.
Virtustream CEO Rodney Rogers will report to Joe Tucci, EMC Chairman and CEO.
“Virtustream is an exceptional company and this is a critical and transformative acquisition for EMC in one of the industry’s fastest-growing and most important sectors,” said Joe Tucci. “With Virtustream in place, EMC will be uniquely positioned as a single source for our customers’ entire hybrid cloud infrastructure and services needs. We could not be more delighted that Virtustream will be joining the EMC Federation family. It’s a game changer.” READ MORE
Weathermob Joins Weathernews Inc.
Weathermob is just delighted to announce that we have joined Weathernews Inc., www.weathernews.com/, a large Japanese weather company already committed to the power of crowdsourced weather reporting; the power of people reporting, the potential and poetry!
Our forecast, together, is sunnier!
We remain committed to keeping the same warm and welcoming weather community and creating better, safer weather data, as we grow into this new global partnership. READ MORE
Business Card Upstart Moo.com Buys Flavors.me To Expand Its Digital Profile
Moo.com, the online-to-print business card company that was one of the UK’s earlier startup successes, is branching out: it is buying all of the assets of Flavors.me, the site where people can create online personal profiles, effectively the digital equivalent of the business card. Hii Def Inc., which had created Flavors.me, is selling Moo.com the Flavors.me brand, site, technology, IP and its 500,000 existing users; it will keep its other business, Goodsie, a site for small businesses to create slick e-commerce websites. It is an all-cash deal, with the actual price is not being disclosed.
Predilytics Acquired by Welltok
Welltok today announced the acquisition of leading healthcare predictive analytics company, Predilytics. The acquisition adds another powerful layer of consumer intelligence and analytical capabilities to Welltok's CafeWell Health Optimization Platform, providing even more personalized guidance for consumers and delivering more value and insights to health plans, at-risk providers and other population health managers.
Predilytics uses machine learning and propriety technologies to more accurately segment consumers based on risk, receptivity and impactabilty, which ultimately provides more actionable insights. Leveraging these capabilities and insights, Welltok is creating the healthcare industry's first analytics-driven consumer enterprise platform that not only identifies which consumers to target, but also engages them with the most relevant health improvement resources and incentives. This provides a highly personalized, rewarding experience for consumers, as well as helps population health managers optimize their spend. READ MORE
Brand Networks To Acquire Social Advertising Platform SHIFT
Brand Networks, the leading provider of relevance-driven social marketing and advertising software, today announced that it will acquire SHIFT, the award-winning platform for cross-network social advertising and collaboration, in a $50 million cash and stock deal. The acquisition creates the world’s leading social marketing platform with relevance at its core—powered by RelevanceRank, a proprietary technology also announced today. RelevanceRank is designed to help marketers achieve the highest possible levels of effectiveness and efficiency at every stage of the social marketing process.
With the acquisition, the Brand Networks platform will power over $500 million in social advertising spend for more than 650 of the world’s best known brands and agencies, such as Interpublic Group, WPP, American Express, AT&T, InBev, Discover, Yahoo! and Unilever. Customers include half of the Fortune 100 as well as 17 of AdAge’s 25 Most-Advertised Brands. This pushes the company to the forefront of an industry expected to top $16.2 billion in domestic spending by 2019. READ MORE
Teradyne to Acquire Universal Robots
Teradyne has signed an agreement to purchase Universal Robots (UR), the world’s leading maker of collaborative robots (cobots), based in Odense, Denmark. Cobots are low-cost, easy-to-deploy, simple-to-program robots that work side by side with production workers to improve quality and increase manufacturing efficiency. They automate tasks including machine tending, packaging, gluing, painting, polishing and assembling parts and are deployed in the automotive, food and agriculture, furniture and equipment, metal and machining, plastics and polymers, and pharma and chemicals industries.
Teradyne will provide revenue synergies, financial strength and global reach that will help accelerate Universal Robots growth. The acquisition provides Teradyne early access in an emerging market on the cusp of rapid growth. READ MORE
Citrix to Acquire Grasshopper
Citrix announced that it has entered into a definitive agreement to acquire Grasshopper Group, LLC, a leading provider of cloud-based telephony solutions for small businesses. Closing of the acquisition is subject to certain government consents and other closing conditions. The company expects that the deal will close in the second quarter of 2015.
The terms of the acquisition were not disclosed. READ MORE