Private Equity
Ritchie Bros (NYSE, TSX: RBA), a Canadian auctioneer of heavy equipment and trucks, has closed its acquisition of IronPlanet Inc, a U.S. online marketplace for heavy equipment and other durable assets. The deal, announced last August, was valued at about US$758.5 million. Vancouver-headquartered Ritchie said the acquisition accelerates its strategy of becoming a one-stop, multi-channel company where customers can buy, sell, or list equipment both onsite and online. Founded in 1999, Pleasanton, California's IronPlanet was backed by Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar and Volvo Construction Equipment.
6 min read · 01 June 2017
Kinnser Software Inc, a U.S. developer of software solutions for home health and hospice providers, has agreed to be acquired by Mediware Information Systems Inc. The deal, the terms of which were not released, will be backed by U.S. private equity firm TPG Capital, which acquired Mediware, a healthcare software company, earlier in 2017. It is expected to close in the second quarter. The acquisition of Austin, Texas-based Kinnser will provide exits to Canadian growth equity firm Georgian Partners and U.S. firm Insight Venture Partners. Georgian invested in 2014, according to Crunchbase.
5 min read · 30 May 2017
Microsoft has agreed to acquire cyber security firm Hexadite for $100 million, Israeli financial news website Calcalist reported on Wednesday.
1 min read · 24 May 2017
Venture-backed Prezi, a provider of a visual presentation platform, announced its first acquisition with the purchase of Infogram, a data visualization company from Latvia. Financial terms were not disclosed. San Francisco-based Prezi, founded in 2009, has raised more than $70 million to date from Accel Partners, Spectrum Equity, TED Conferences and Sunstone Capital. Infogram is also VC-backed, having raised more than $1.8 million in capital from Point Nine Capital, Connect Ventures and HackFwd GmbH, according to Thomson Reuters.
1 min read · 17 May 2017
EQT said May 15 that it agreed to sell Bureau van Dijk to Moody’s Corp in a deal valued at 3 billion euros ($3.3 bln). Bureau van Dijk, of Amsterdam, provides a private company dataset that covers more than 220 million companies. Quayle Munro and J.P. Morgan represented the sellers. Moody's Corp is parent of Moody's Analytics and Moody's Investors Service.
3 min read · 15 May 2017
Whirlpool Corporation announced it has agreed to acquire Redwood City, California-based Yummly Inc for an undisclosed price. Whirlpool said it expects to wrap up its acquisition this month. Yummly was co-founded in 2009 by David Feller and Vadim Geshel and has raised about $23 million in venture funding from Bauer Venture Partners, Physic Ventures, Unilever Corporate Ventures, First Round Capital, Harrison Metal Capital and Intel Capital. The food-centric tech company provides personalized recipes and cooking resources and says it has more than 20 million registered users.
1 min read · 03 May 2017
Cisco announced today its intent to acquire San Jose, California-based Viptela Inc, a developer of software-defined wide area network technology. Cisco agreed to pay $610 million in cash and assumed equity awards. The acquisition is expected to close in the second half of 2017. Viptela, founded in 2012, had raised $108.5 million in venture funding, according to Thomson Reuters. Investors include Sequoia Capital, Northgate Capital and Redline Capital.
1 min read · 01 May 2017
SiriusXM has acquired San Francisco-based Automatic Labs Inc, a provider of connected vehicle services. No financial terms were disclosed. Financial Technology Partners served as financial adviser to Automatic on the deal. Automatic's backers included USAA, Comcast Ventures, eLab Ventures, Anthemis Group and Amicus Capital.
3 min read · 28 April 2017
Exiger, a firm that helps businesses monitor compliances such as money laundering regulations, has agreed to buy OutsideIQ, a Canadian startup that specializes in technology that helps businesses assess and manage risk. The deal, reported earlier by Reuters, is for $30 million, according to a source. Toronto-based OutsideIQ uses cognitive computing processes to automate and analyze a portion of time-consuming, error-prone data research. It raised financing from Canadian venture debt firm Espresso Capital and angel investors.
2 min read · 27 April 2017
Spotify has acquired Brooklyn, New York-based Mediachain Labs, a blockchain startup, according to an announcement by the former. No financial terms were disclosed. Mediachain's backers included Andreessen Horowitz, Union Square Ventures and RRE Ventures, as per Crunchbase data.
1 min read · 27 April 2017
