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
Rapid7 Acquires NT OBJECTives (NTO)
Rapid7, a leading provider of security data and analytics software and services, announced today that it has acquired NT OBJECTives (NTO), the web and mobile application security testing company, expanding Rapid7's Threat Exposure Management offering to further meet the needs of modern business infrastructures. NTO's application security testing solution - trusted by many Fortune 500 companies - analyzes web applications for security vulnerabilities and maximizes organizations' ability to effectively reduce IT security risk. Rapid7 is offering this technology under the name Rapid7 AppSpider, available immediately to customers.
The addition of the AppSpider suite to Rapid7's Threat Exposure Management solutions provides information security teams with the ability to assess risk in assets and applications in their environments. This is combined with analytics to identify the most impactful actions that can reduce IT security risk. This approach enables users to make decisions based on business context and threat validation through automated attack simulation. READ MORE
PTC to Acquire ColdLight
LiveWorx 2015. It’s On! – PTC (Nasdaq: PTC) today announced it has signed a definitive agreement to acquire ColdLight, a visionary in big data machine learning and predictive analytics, for approximately $105 million. The acquisition of ColdLight’s Neuron automated predictive analytics platform will enrich PTC’s technology portfolio and extend PTC’s position as a leader in the Internet of Things (IoT) market.
ColdLight will serve as PTC’s core data analytics platform to deliver new value to markets both companies serve today – manufacturing, healthcare, media and retail – as well drive growth across new markets. When combined with PTC’s ThingWorx® IoT platform, ColdLight’s Neuron will automate the analysis of data from things to address a range of important challenges. These challenges include detecting failure patterns from data, modeling correlations, predicting failures, prescribing remedies and prioritizing recommendations against cost constraints. ColdLight’s Neuron platform addresses these challenges by using artificial intelligence and machine learning technology to automatically and continuously learn from data, discover patterns, build validated predictive models and send information to virtually any type of application or technology. READ MORE
Imprivata Acquires HT Systems
Imprivata®, (NYSE: IMPR), the healthcare IT security company, today announced it has acquired HT Systems, the market leading provider of palm-vein based biometric patient identification systems, to enter into the emerging patient identification market, which Imprivata estimates to be approximately $2.0 billion globally. The acquisition of HT Systems and its PatientSecure® biometric patient identification technology supports Imprivata’s long-term vision to be the leading provider of healthcare IT security solutions that increase provider productivity, enable patient engagement, and improve patient safety.
“The acquisition of HT Systems represents our first strategic investment in expanding our market to patients. Patient engagement is going to become a critical part in the providing of care across the healthcare continuum,” said Omar Hussain, president and CEO of Imprivata. “Without systems for secure patient identification and access, meaningful patient engagement across the care continuum will be nearly impossible. We are very excited that with HT Systems, we are acquiring a leading biometric patient identification product that we can leverage through our global distribution channel and partner ecosystem to expand rapidly and meet our customers’ needs.” READ MORE
* Learn more about Imprivata on their BIZZpage
Iron Mountain Acquires Recall Holdings Limited
Iron Mountain Announces Agreement in Principle to Acquire Recall Holdings Limited for 0.1722 of an Iron Mountain Share for Each Recall Share; Partial Cash Alternative of A$8.50 per Recall Share
Iron Mountain (NYSE:IRM), the storage and information management company, today announced that it has reached an agreement in principle with Recall Holdings Limited to acquire Recall by way of a recommended court approved Scheme of Arrangement for 0.1722 of an Iron Mountain common share for each Recall share (the “proposed transaction”). The proposed transaction between the companies is contingent on Iron Mountain and Recall conducting confirmatory due diligence and negotiating and executing mutually acceptable merger documentation and other terms and conditions. This agreement in principle does not assure that a definitive agreement regarding the proposed transaction will be reached or that any transaction between the companies will actually occur.
Iron Mountain president and CEO William L. Meaney said, “Our proposed transaction with Recall represents a compelling value proposition that we expect will generate significant synergies and be highly accretive after year one for both companies’ shareholders. In addition, Recall shareholders will directly benefit from the upside in future performance of the combined company and from any share appreciation of Iron Mountain common stock if the merger occurs. READ MORE
Amsterdam's Bynder Is Bringing Its Cloud-Based Brand Portals to the U.S.
The market for on-demand cloud-based brand management and marketing asset management (MAM) tools is gaining momentum, and Bynder is staking its claim in the United States through the acquisition of Boston-based LumaCloud. Bynder's clientele already includes major international brands such as KLM, Volkswagen, Scotch & Soda, Ingersoll Rand and Bacardi, but will soon include additional high profile brands.
Bynder Accelerates Growth by Acquiring Startup SocialExpress
Bynder, cloud-based brand portal provider, announced today that it has acquired SocialExpress, a social media analytics reporting tool. The acquisition enables Bynder to add social media reporting to its current roster of services and deliver a comprehensive solution to a larger base of global clients, while helping marketers strengthen their data-driven decision making. The deal is motivated by Bynder’s effort to expand beyond its traditional digital asset management services. SocialExpress founder and CEO, Ivo Minjauw, will join Bynder as key product manager for Bynder’s Content Hub.
Ninebot Acquires Segway
As reported by TechCrunch, Beijing-based Ninebot Acquires Segway, Raises $80M From Xiaomi And Sequoia.
Intriguing news from the personal transportation mobility device sector: Beijing-based company Ninebot has announced that not only will it acquire rival Segway, but it has also scored $80 million in funding from investors including Xiaomi, Sequoia Capital, and Shunwei Foundation.
This marks the third time that Segway, which has struggled to live up to its much-hyped 2001 launch, when it was vaunted as the “future of transportation,” has been acquired. It was purchased by UK-based CEO Out in 2010 before being sold to Summit Strategic Investments in 2013. READ MORE from TechCrunch
Localytics Acquires Splitforce
Localytics, the complete marketing and analytics platform for mobile and web apps, today announced the acquisition of Splitforce, an automated optimization tool purpose-built for mobile apps. With the acquisition, Splitforce co-founders Zac Aghion and David Ruiz join the Localytics team, bringing additional data science expertise to fuel the company’s predictive app marketing capabilities. Predictive app marketing helps app marketers and product managers leverage user data to predict and personalize engagement with app users at every stage of the customer journey.
“Apps have dramatically increased consumers’ expectations for experiences catered to their individual needs, while giving businesses a new dataset to tap into for better decisioning,” said Raj Aggarwal, CEO of Localytics. “We’re focused on helping businesses turn that data into personalized engagement, and Splitforce has the best team and technology in place to deliver on the cutting-edge of that mission: predictive app marketing.” READ MORE
Driftt Acquires Fetchnotes
During my sophomore year at the University of Michigan, I took a class called “Entrepreneurship Practicum.” It was a bootcamp in the “lean startup” method taught by one of the cofounders of Aardvark, and I became really interested in how people capture ideas and reminders. In fact, it was around exactly this time in 2011 that I sent out the first “alpha” invites of what would eventually turn into Fetchnotes... READ MORE
Teikametrics Acquires Lab Escape
Teikametrics, the leading provider of pricing and inventory optimization for Amazon third-party retailers, has acquired Lab Escape, the leader in heat map visual data discovery software. Teikametrics will add Lab Escape’s embeddable visual data discovery solutions to its suite of analytics tools for e-commerce retailers.
“The acquisition of Lab Escape’s visual data discovery platform is firmly aligned with our mission to use big data to solve valuable problems,” said Alasdair McLean-Foreman, CEO of Teikametrics. “In addition, the acquisition of Lab Escape diversifies Teikametrics’ customer portfolio by adding world class retailers including Walmart, Costco, and other Fortune 500 companies. Other notable clients include Dell, U.S. Army, and Schlumberger. Adding Lab Escape to our team gives us the opportunity to broaden our reach and develop long term growth outside of the Amazon marketplace.” READ MORE
MassChallenge Acquires Start Tank Boston
Two years ago, we created Start Tank as our way to give back and accelerate innovation in the Boston ecosystem. From its beginnings as a couple of extra desks quietly tucked behind reception, Start Tank Boston quickly grew to host a total of nearly 200 people from 49 startups that raised over $40M in venture and seed capital during the past two years. Building on this momentum, Start Tank later expanded to two other continents, with Boston maintaining the largest presence and footprint in the community.
For the next stage of growth, Start Tank Boston will be spun out and combine forces with MassChallenge. The MassChallenge mission to “catalyze a startup renaissance” by “helping early-stage entrepreneurs win” is 100% aligned with everything Start Tank has stood for since inception. Together, we’ll be able to provide Boston-area entrepreneurs with the strongest program and resources.
MassChallenge will acquire key elements of the Start Tank Boston program... READ MORE
Cryptzone Acquires HiSoftware
Cryptzone, a global provider of data security and identity and access management (IAM) solutions, has acquired HiSoftware Inc., a leading provider of governance, compliance and security solutions. HiSoftware’s product portfolio provides a highly complementary set of solutions that will enhance Cryptzone’s already robust capabilities in securing critical data in the cloud, on mobile devices, and in customer data centers. The combined company will offer a complete suite of context-aware access control, data security and compliance solutions designed for today’s dynamic, mobile, cloud-centric enterprise IT.