Time Inc.’s (NYSE:TIME) Viant, a people-based advertising technology company, has signed an agreement to acquire Adelphic, a company that provides a mobile-first, cross-channel programmatic advertising platform. Adelphic’s self-service media planning and execution tools, including its ability to reach consumers across all screens and formats, will bolster Viant’s people-based data and analytics offerings. The deal is expected to close during the first quarter of 2017.
Everbridge, Inc. (Nasdaq: EVBG), a global software company that provides critical communications and enterprise safety applications to help keep people safe and businesses running, today announced that it has acquired Sweden-based Svensk Krisledning AB, the developer of the SaaS mobile crisis management solution, Crisis Commander. The acquired solution extends the Everbridge Suite by enabling complementary mobile collaboration, task assignment and response management during critical events.
As per Fabric's blog:
As reported by EdSurge:
AdmitHub, an edtech startup that’s creating conversational artificial intelligence (AI) to guide students to and through college, is trying to make that happen. (In fact, the conversation above was one that we had with the company’s chatbot, Oli.) Today, the Boston-based company announced it has raised $2.2 million in seed funding to develop Oli and other campus-specific chatbots, grow its team, and expand the service to more U.S. and international institutions.
Today is a big day in Apperian history. We are excited to share that Arxan Technologies has completed its acquisition of Apperian. Together, we will establish a new bar for enabling organizations to truly leverage the full potential of apps -mobile, IoT, desktop, and server- and reaching all possible users and devices. By securely deploying any app to any device, we’re able to reach users and devices in a secure way simply not possible with traditional technologies.
As reported by Fortune:
Music streaming service Spotify is pumping more money into its coffers.
The Swedish company has raised $1 billion in convertible debt from investors, a Spotify spokeswoman confirmed to Fortune. Private equity firm TPG and hedge fund Dragoneer Investment Group led the round, along with clients of Goldman Sachs.
As reported by The Verge:
As Apple details its own streaming music service ahead of an imminent launch, incumbent industry leader Spotify is building its defenses against the oncoming onslaught, turning to international investors to strengthen its financial position. The Swedish streaming service yesterday closed a $526 million funding round, an influx of cash that The Wall Street Journal says brings Spotify to a valuation of $8.4 billion, up from $5 billion last September.
Per Lola's blog on Medium:
I’m excited to share that we’ve secured $15M in Series B funding led by Charles River Ventures (CRV) along with additional investments from our Series A investors, General Catalyst and Accel. As part of the investment, we’re also fortunate to have CRV Partner, Jon Auerbach, join our Board of Directors.
Oil Price Information Service (OPIS), a firm well-known in petroleum and convenience for providing fuel prices and analysis, has acquired a consumer-oriented company more known to motorists for a website that helps them find the lowest gasoline prices in town.
As reported in a Raymond James/CSP Daily News Flash, OPIS, based in Gaithersburg, Md., acquired Brooklyn Park, Minn.-based GasBuddy and its mobile-app service OpenStore for an undisclosed sum, the companies announced on March 1.