Private Equity
Takeaway.com (TKWY.AS) and Delivery Hero (DHER.DE) have settled a costly struggle for supremacy in the German food delivery market, with Takeaway agreeing to buy its larger rival’s businesses there for 930 million euros ($1.1 billion), Reuters reported.
2 min read · 21 December 2018
Lightspeed, a Montréal-based cloud point-of-sale system for retailers and restaurants, has acquired ReUp, a Toronto-based customer loyalty solution. No financial terms were disclosed. ReUp has been rebranded as Lightspeed Loyalty, an app that provides a range of tools to merchants for targeting and communicating with new and existing customers. Founded in 2005 by CEO Dax Dasilva, Lightspeed raised $166 million last year in a Series D financing led by Caisse de dépôt et placement du Québec.
3 min read · 14 December 2018
Chicago-based G2 Crowd announced it has acquired Siftery, platform that helps businesses discover new applications based on stacks used by peer companies. San Francisco-based Siftery had previously raised $4.1 million from investors, including Felicis Ventures and Venrock, among others. Siftery’s 20 employees and co-founders, CEO Vamshi Mokshagundam and CTO Ayan Baruna, will join G2 Crowd. G2 Crowd operates a marketplace for businesses to buy and manage software and services, and in October raised $55 million in a Series C round led by IVP and has now raised $100 million in total funding.
3 min read · 12 December 2018
Arctic Wolf Networks has acquired Sunnyvale, California and Waterloo, Ontario-based RootSecure Corp, a provider of advanced cybersecurity risk assessment solutions. No financial terms were disclosed. Arctic Wolf is backed by Future Fund, Adams Street, Unusual Ventures, Lightspeed Venture Partners, Redpoint Ventures, Sonae Investment Management and Knollwood Investment Advisory LLC.
3 min read · 12 December 2018
Tyler Technologies Inc (NYSE: TYL) has acquired SceneDoc Inc, a Toronto-based mobile-first, software-as-a-service platform for law enforcement agencies. Terms weren't disclosed. Tyler, a Plano, Texas-based public sector software company, said the acquisition enables its entry into the digital evidence market and enhances its offerings. Founded in 2011 by CEO Alex Kottoor and COO-CTO Adrian Bubalo, SceneDoc will become part of Tyler’s public safety unit. SceneDoc raised several venture capital financings, including a 2017 round led by Responder Ventures, Motorola Solutions Venture Capital and iGan Partners. Its other backers included MaRS Investment Accelerator Fund.
3 min read · 10 December 2018
Pure Alumina Ltd has entered into negotiations to acquire Polar Sapphire Ltd, a Toronto-based maker of high-purity alumina (HPA). The parties are working to agree on the formal terms of a potential deal on or before January 31, 2019. Founded in 2013 by CEO Scott Nichol, Polar's low-cost HPA product is used in LED lighting, lithium batteries for electric vehicles, and other applications. The company's backers include ArcTern Ventures, Crux Capital Corp, MaRS Investment Accelerator Fund and Sustainable Development Technology Canada. Based in Melbourne, Australia, Pure Alumina is an HPA supplier.
3 min read · 10 December 2018
Nasdaq has acquired Quandl Inc, a Toronto-based provider of alternative and core financial data to investment professionals. No financial terms were disclosed. Founded in 2012 by CEO Tammer Kamel and CDO Abraham Thomas, Quandl provides a database of alternative, financial and public data that is currently tapped by more than 30,000 active monthly users. Nasdaq said the acquisition will maximize its opportunities as a technology and analytics provider to capital markets. Quandl raised more than $20 million from venture capital firms, most recently in a 2016 Series B financing. Its backers included August Capital, iGan Partners and Nexus Venture Partners.
4 min read · 04 December 2018
ResMed has agreed to acquire Madison, Wisconsin-based Propeller Health, a digital therapeutics company, for $225 million. DLA Piper is serving as legal counsel to ResMed on the deal. And, Allen & Company LLC is providing financial advice to Propeller while Fenwick & West LLP is serving as legal counsel. Propeller Health's backers include Aptar Pharma, Safeguard Scientifics, Social Capital, Hikma, 3M Ventures and SR One.
3 min read · 04 December 2018
San Antonio, Texas-based audio company iHeartMedia has agreed to acquire Jelli Inc, a San Mateo, California-based cloud advertising platform for the global radio market. No financial terms were released. IHeartMedia said the deal will allow it to leverage Jelli’s assets to create for brands a digital-compatible buying platform for broadcast radio. Founded in 2008, Jelli raised more than US$40 million in financing, according to Crunchbase. Its investors include Canadian mobile venture capital firm Relay Ventures.
5 min read · 21 November 2018
Oracle has agreed to acquire San Jose, California-based Talari Networks, a provider of SD-WAN technology, according to an announcement on the Oracle site. No financial terms were disclosed. Talari’s investors include Menlo Ventures, Silver Creek Ventures and Four Rivers Group.
1 min read · 16 November 2018
