Private Equity
Juniper Networks has announced its intent to buy cloud management startup AppFormix. No financial terms were disclosed. AppFormix was backed by Silicon Valley venture firm August Capital.
2 min read · 05 December 2016
Spotlight Innovation Inc has made an undisclosed investment in Solx Inc. Based in Waltham, Massachusetts, Solx is a medical device company. Its other backers include MVM Life Science Partners, River Street Management and Easton Capital.
2 min read · 30 November 2016
Operative Media Inc, a New York provider of digital advertising business management solutions, has been acquired by SintecMedia, an Israeli broadcast management software company backed by Francisco Partners. No financial terms were disclosed; however, the Wall Street Journal reported the deal's value to be almost US$200 million. Founded in 2000, venture-backed Operative was a portfolio company of Wellington Financial, a Canadian specialty finance firm. Wellington provided Operative with US$11 million in venture debt funding in March 2014.
4 min read · 30 November 2016
GetInsured has acquired Seattle-based Array Health, a provider of group health insurance ecommerce technology. No financial terms were disclosed. GetInsured is backed by Bessemer Venture Partners, Trinity Ventures, Partech International, River Street Management, Vocap Investment Partners and Noro-Moseley Partners.
3 min read · 30 November 2016
Bluebridge, a mobile app platform provider, has sold its church and tourism business units in two separate deals totaling $8 million. PushPay acquired Bluebridge Churches for $3.1 million while Simpleview bought Bluebridge Tourism for $4.9 million. Bluebridge's backers include Cultivation Capital, Allos Ventures and the HALO Investor Group.
3 min read · 23 November 2016
AT&T, Dish Network Corp and WPP have agreed to acquire Invidi Technologies Corp, a Canadian-born addressable advertising solutions provider. No financial terms were disclosed. The deal, expected to close in Q1 2017, will see Invidi operate independently under the companies’ collective ownership. AT&T will hold a controlling interest. Founded in 2000, Invidi has raised more than US$132 million in venture capital funding, according to Crunchbase, from such investors as EnerTech Capital, GroupM, InterWest Partners and Menlo Ventures. The Princeton, New Jersey-based company has its Canadian office in Edmonton.
6 min read · 22 November 2016
Triphase Accelerator Corp, a portfolio company of MaRS Innovation, has agreed to sell assets relating to its first investigational compound, marizomib, to Celgene Corp. No financial terms were disclosed. Triphase, a Toronto cancer-focused biotechnology accelerator, was launched by MaRS Innovation in partnership with the Ontario Institute for Cancer Research and MaRS Discovery District in January 2014. Celgene is a strategic partner. MaRS Innovation said the sale of marizomib, a novel brain-penetrant proteasome inhibitor used to treat glioblastoma, marks its first major portfolio exit.
4 min read · 21 November 2016
Oracle has agreed to buy Manchester, New Hampshire-based Dyn, a provider of internet performance management services. No financial terms were disclosed. Dyn was backed by Pamplona Capital Management and North Bridge Venture Partners & Growth Equity.
2 min read · 21 November 2016
After tussling for years to win customers, the two biggest U.S. companies in fantasy sports, DraftKings and FanDuel, said on Friday they are teaming up in a merger that will cut down on legal bills and advertising spending.
2 min read · 18 November 2016
Energy Services Group LLC, which is backed by Accel-KKR, has acquired Plano, Texas-based Latitude Technologies Inc, a tech services provider for the energy industry. No financial terms were disclosed.
3 min read · 17 November 2016
