Luisa Beltran

VC-backed OpenGov buys ViewPoint

OpenGov said Sept. 5 that it acquired ViewPoint. Financial terms weren’t announced. ViewPoint provides multi-tenant SaaS software for permitting, licensing, and code enforcement operations. OpenGov is backed by venture capital firms including Andreessen Horowitz, 8VC, JC2 Ventures, Emerson Collective, and other top investors.

Thyssenkrupp launches sale of elevator division: Reuters

Thyssenkrupp has put its most profitable division, its elevator unit, up for sale, Reuters reported. Thyssenkrupp sent out letters asking for expressions of interest to private equity and strategics, including KKR, Bain and Blackstone, the story said. The elevator unit is valued at between 12 billion and 17 billion euros ($13-$19 billion), Reuters said.

RocketBody raises $1 mln

RocketBody said Sept. 5 that it raised $1 million in funding from Gagarin Capital Partners and AltaIR Capital. RocketBody is an ECG-based personal fitness trainer for Apple Watch.

JLL-backed Xact Data buys Beyond IT

Xact Data Discovery, a portfolio company of JLL Partners, has acquired Beyond IT. Financial terms weren’t announced. Beyond IT, of Houston, is a cybersecurity and digital forensics company.

Palo Alto Networks to buy Zingbox

Palo Alto Networks said Sept. 4 that it agreed to buy Zingbox for $75 million. Zingbox, an IoT security company, has raised $31.94 million in venture funding, PitchBook said. Brandon C. Parris and Jessica Isokawa of Morrison & Foerster advised Palo Alto Networks.

Prudential Financial confirms $2.35 bln buy of Assurance IQ

Prudential Financial said Sept. 5 that it agreed to buy Assurance IQ Inc for $2.35 billion. The deal includes an additional earnout of up to $1.15 billion in cash and equity, contingent upon Assurance achieving multi-year growth objectives. Assurance, of Bellevue, Washington, is an insurtech that uses data science and machine learning to sell life, health, Medigap and auto policies online to customers. FT Partners provided financial advice to Assurance.

Apollo Global completes switch to corporation

Apollo Global Management said Sept. 5 that it completed its switch a corporation from a publicly traded partnership.

Prudential Financial to acquire Assurance IQ for $2.35 bln: Wall Street Journal

Prudential Financial is buying Assurance IQ Inc for $2.35 billion, the Wall Street Journal reported. Assurance, an insurtech, uses data science and machine learning to sell life, health, Medigap and auto policies online to customers, the story said.

Prudential Financial confirms $2.35 bln buy of Assurance IQ

Prudential Financial said Sept. 5 that it agreed to buy Assurance IQ Inc for $2.35 billion. The deal includes an additional earnout of up to $1.15 billion in cash and equity, contingent upon Assurance achieving multi-year growth objectives. Assurance, of Bellevue, Washington, is an insurtech that uses data science and machine learning to sell life, health, Medigap and auto policies online to customers. FT Partners provided financial advice to Assurance.

Cobham family urges investors to block Advent takeover: Financial Times

The Cobham family is urging investors to vote against Advent International's 4 billion pound takeover of Cobham, the British defense and aerospace group, the Financial Times reported. Nadine Cobham, whose late husband Michael Cobham ran the company, has written to investors claiming Advent’s offer “significantly undervalues the turnround of a recapitalised business,” the story said.