Private Equity
Facebook Inc has acquired CrowdTangle Inc, which helps publishers identify stories, measure social media performance and identify influencers. No financial terms were disclosed. CrowdTangle was backed by Tsai Ventures.
2 min read · 17 November 2016
Canadian growth equity firm Yaletown Partners said it was "rewarded" by this week's sale of Bit Stew Systems Inc to GE Digital. The deal's terms were not disclosed; however, the Globe and Mail reported the value at US$153 million. Yaletown was the first and largest investor in Bit Stew, a Vancouver data integration platform for the industrial internet. Yaletown led the company's Series A round in late 2013 and participated in every financing thereafter. Bit Stew's board was chaired by Yaletown General Partner Salil Munjal. Earlier this year, Yaletown launched its latest fund, Yaletown Emerging Growth Fund, which is targeted to raise $135 million.
3 min read · 16 November 2016
General Electric said it has acquired two technology startups to build its artificial intelligence capability, a move that helps it compete with IBM's Watson product, Reuters reported. GE said the acquisitions of Vancouver, British Columbia's Bit Stew Systems and Berkley, California's Wise.io will expand its Predix platform for industrial internet applications, which connects big machines such as power plants and aircraft engines to databases and analytical software. Terms of the deals weren't disclosed.
2 min read · 15 November 2016
Bit Stew Systems Inc, a Vancouver data integration platform for the industrial internet, has been acquired by GE Digital. Terms were not disclosed; however, the Globe and Mail reported the deal's value at US$153 million. GE was previously a strategic investor in Bit Stew, leading its US$17.2 million Series B financing in May 2015. The company's data intelligence capabilities will be combined with Predix, GE’s operating system for the industrial internet, and will help GE advance its product offerings. Led by CEO Kevin Collins, Bit Stew first raised funding in a Yaletown Partners-led Series A round in late 2013. Its other investors included BDC Capital, Cisco Systems and Kensington Capital Partners.
3 min read · 15 November 2016
xAd Inc, a location intelligence provider that drives sales, has acquired Germantown, Maryland-based Weatherbug, a weather company. No financial terms were disclosed. Also, Weatherbug has raised $42.5 mln in Series E funding. Eminence Capital led the round with participation from W Capital, IVP and Emergence Capital.
4 min read · 14 November 2016
Authorea has acquired The Winnower, a research publisher that offers advanced publishing tools to individual authors. No financial terms were disclosed. Authorea is backed by Lux Capital, the Knight Foundation, ff Venture Capital and New York Angels.
2 min read · 10 November 2016
Inbound Retargeting Technologies Inc, the Canadian company behind Retarget Links, has acquired Primeloop, a Las Vegas-based link retargeting specialist. No financial terms were disclosed. Primeloop holds patents for link retargeting technology, which allows advertisers to display banner ads in a more targeted fashion. Vancouver's Retarget Links said it has enhanced the product with an ad campaign management platform. Found in 2012, Primeloop was backed by 500 Startups, Tony Hsieh's Vegas Techfund, Seraph Group and other investors.
3 min read · 09 November 2016
Retarget Links acquires Las Vegas-based Primeloop, which holds the patents of link retargeting technology. No financial terms were disclosed. Primeloop's backers included 500 Startups, Vegas TechFund and Seraph Group.
3 min read · 09 November 2016
Thycotic, which is backed by Insight Venture Partners, has acquired Virginia-based Cyber Algorithms, a provider of network security analytics. No financial terms were disclosed.
2 min read · 08 November 2016
Communication Components Inc (CCI) has bought BLiNQ Networks, a Canadian provider of wireless backhaul solutions for small-cell networks and enterprise connectivity. No financial terms were released. CCI, a U.S. provider of antenna systems and RF solutions for wireless networks, said BLiNQ will operate as a branded business from its Toronto headquarters. BLiNQ was founded in 2010 following the buy of intellectual property and assets from Nortel Networks. It was backed by BDC Capital, Kensington Capital Partners, New Venture Partners, Summerhill Venture Partners and WIN, which invested in the company's US$15.1 Series B round in 2014.
3 min read · 07 November 2016
