Private Equity
Cisco has acquired San Francisco-based Worklife, which provides software to improve meetings, the former announced in a blog post on its site. No financial terms were disclosed. Worklife's backers included Flight Ventures, Ludlow Ventures, FundersClub and Marc Bell Ventures, according to Crunchbase data.
1 min read · 17 October 2016
MTG has agreed to buy a minority stake in InnoGames at an enterprise value of 260 million euros. The sellers are Eight Roads Ventures and InnoGames founders. Germany-based InnoGames is an online games developer and publisher.
6 min read · 13 October 2016
StellaService Inc has acquired ICC/Decision Services, a provider of customer experience management services. No financial terms were disclosed. Sperry, Mitchell & Company provided financial advice to ICC on the transaction. StellarService's backers include Comcast Ventures, Toba Capital, Battery Ventures, Gotham Ventures, RRE Ventures and Norwest Venture Partners.
2 min read · 23 September 2016
Allergan plc has acquired Akarna for $50 million. Moelis & Company LLC served as financial adviser to Akarna. Based in San Diego and the UK, Akarna is a biopharmaceutical company focused on inflammatory and fibrotic diseases for which there is no approved treatment. Akarna's backers included Forbion Capital Partners, New Science Ventures LLC and Third Point Ventures.
3 min read · 21 September 2016
Oracle announced it has agreed to buy venture-backed Palerra for an undisclosed price. The Santa Clara, California-based provider of enterprise cloud security had raised $25 million in funding from August Capital, Norwest Venture Partners, Wing Venture Capital and Engineering Capital.
1 min read · 19 September 2016
Verizon Communications Inc has agreed to buy Sunnyvale, California-based Sensity Systems, an IoT platform provider. No financial terms were disclosed for the deal that's expected to be completed in the fourth quarter of this year. Pagemill Partners served as financial adviser to Sensity on the deal. Sensity's backers include Almaz Capital and Mohr Davidow Ventures.
3 min read · 12 September 2016
Apollo Endosurgery Inc and Lpath Inc have agreed to merge, forming a medical device company focused on treating obesity. According to terms of the deal, Apollo will become the majority owner of Lpath, acquiring a 95.8 percent stake of the combined company while Lpath will own about 4.2 percent. Apollo's backers, which include PTV Healthcare Capital, H.I.G. BioHealth Partners, Remeditex Ventures, Novo A/S and CPMG Inc, will invest $29 million in equity in the combined company upon the closing. Also, Lpath, which is currently public on the NASDAQ, will be renamed Apollo Endosurgery, Inc. The merged company plans on applying for a new listing on the NASDAQ under a new ticker.
6 min read · 08 September 2016
Globalive Capital, a Canadian technology investment firm chaired by former Wind Mobile head Anthony Lacavera, has sold telecommunications companies Yak Communications and OneConnect Services. Yak was acquired by Distributel Communications Ltd, while OneConnect and its affiliate Canopco went to Accelerated Connections Inc. No financial terms were released. Globalive said the deals facilitate its plan to invest in new technology ventures and expand its global footprint. The Toronto-based firm launched a $100 million early-stage venture capital fund in early 2016.
3 min read · 07 September 2016
iZettle has acquired Intelligentpos, a UK-based cloud based point-of-sale company. No financial terms were disclosed. iZettle's backers include Intel Capital, Zouk Capital, 83 North, Northzone, Index Ventures, Mastercard, Creandum, Dawn Capital and Hasso Platner Ventures.
2 min read · 07 September 2016
High-tech computing company Nutanix has acquired two startups to enhance its data and storage services, as the firm continues to grow its business despite a protracted delay in its initial public offering, Reuters reported.
2 min read · 29 August 2016
