Private Equity
U.S. technology giant Apple has acquired Vrvana, the Montréal-based maker of immersive 3D augmented reality headset Totem, according to a report by TechCrunch. The acquisition was valued at US$30 million, sources told TechCrunch. The report said the deal is important to Apple because of its strategic interest in AR technology. Vrvana was founded in 2005 by CEO Bertrand Nepveu, COO Marc-Olivier Lepage, CPO Jean-François Sicard and CTO Yan Côté. The company has secured financing from Canadian early-stage venture capital firm Real Ventures. Partner JS Cournoyer sits on Vrvana's board of directors, according to Crunchbase.
1 min read · 22 November 2017
Germany's Siemens AG has agreed to acquire Solido Design Automation Inc, a Saskatoon-based provider of variation-aware design and characterization software to semiconductor companies. No financial terms were disclosed for the deal, which is expected to close in December. Siemens said the buy strengthens its commitment to customers in the integrated circuit industry. Solido will now join with Mentor Graphics Corp, which was acquired by Siemens earlier this year. Founded in 2005, Solido was backed by several Canadian investors, including BDC Capital and Golden Opportunities Fund, a retail fund overseen by Westcap Management.
4 min read · 21 November 2017
Alogent, which is backed by Battery Ventures, has acquired Austin, Texas-based Jwaala LLC, a provider of digital banking solutions for U.S. financial institutions. No financial terms were disclosed.
1 min read · 17 November 2017
Elastic has acquired San Francisco-based Swiftype, a provider of search software. No financial terms were disclosed. Swiftype is backed by Y Combinator and New Enterprise Associates.
3 min read · 10 November 2017
Seventure Partners has sold Cambrooke Therapeutics to Ajinomoto. No financial terms were disclosed. Based in Ayer, Massachusetts, Cambrooke is a provider of medical nutrition products for patients with serious chronic unmet medical needs.
4 min read · 10 November 2017
VerticalScope has bought VarageSale, a Toronto-based buy-and-sell website and mobile app. No financial terms were released. VerticalScope, a Canadian digital media company, said the deal supports its focus on enthusiast websites and interest-based online communities. VarageSale was founded in 2012 by Carl Mercier and Tami Zuckerman as a community-based “virtual garage sale." Led by CEO Andrew Sider, it raised nearly $60 million from Canadian and U.S. venture capital firms, according to Crunchbase. Its investors included iNovia Capital, Lightspeed Venture Partners, Real Ventures, Sequoia Capital and Version One Ventures.
2 min read · 09 November 2017
VerticalScope has bought VarageSale, a Toronto-based buy-and-sell website and mobile app. No financial terms were released. VerticalScope, a Canadian digital media company, said the deal supports its focus on enthusiast websites and interest-based online communities. VarageSale was founded in 2012 by Carl Mercier and Tami Zuckerman as a community-based “virtual garage sale”. Led by CEO Andrew Sider, it raised nearly US$60 million from Canadian and U.S. venture capital firms, according to Crunchbase. Its investors included iNovia Capital, Lightspeed Venture Partners, Real Ventures, Sequoia Capital and Version One Ventures.
3 min read · 09 November 2017
Ford's Argo AI has acquired LiDAR startup Princeton Lightwave. No financial terms were disclosed. Princeton Lightwave was backed by First Analysis.
2 min read · 08 November 2017
Synopsys Inc has agreed to acquire Burlington, Massachusetts-based Black Duck Software, a provider of automated solutions for securing and managing open source software, for about $565 million. The deal is expected to close in December 2017. Barclays was financial adviser to Black Duck on the transaction. Black Duck's investors included Siemens Venture Capital and General Catalyst Venture Partners.
4 min read · 03 November 2017
VMware has agreed to acquire Silicon Valley-based VeloCloud Networks Inc, a cloud-delivered SD-WAN company, according to an announcement on the VMware site. No financial terms were disclosed. VeloCloud's investors included Hermes Growth Partners, Telstra Ventures, Khazanah Nasional Berhad, New Enterprise Associates, Venrock, March Capital Partners and Cisco Investments.
1 min read · 03 November 2017
