Private Equity
Alarm.com Holdings Inc (Nasdaq: ALRM) has agreed to acquire Piper, an Ottawa-based designer and producer of a Wi-Fi-enabled video and home automation hub. The buyer will pay about US$140 million for Piper and another business unit from Icontrol Networks Inc. Alarm.com, a U.S. connected home and business platform, said the deal will contribute to revenue growth and enhance research and development scale. Redwood, California-based Icontrol, a connected homes solutions provider, has raised about US$95 million from Comcast Ventures, Intel Capital, Kleiner Perkins Caufield & Byers and other investors, according to Thomson Reuters.
5 min read · 23 June 2016
Alarm.com Holdings Inc (Nasdaq: ALRM) has agreed to acquire Piper, an Ottawa-based designer and producer of a Wi-Fi-enabled video and home automation hub. The buyer will pay about US$140 million for Piper and another business unit from Icontrol Networks Inc. Alarm.com, a U.S. connected home and business platform, said the deal will contribute to revenue growth and enhance research and development scale. Redwood, California-based Icontrol, a connected homes solutions provider, has raised about US$95 million from Comcast Ventures, Intel Capital, Kleiner Perkins Caufield & Byers and other investors, according to Thomson Reuters.
5 min read · 23 June 2016
Verve has acquired Denver-based Roximity, a location-based analytics and advertising platform. No financial terms were disclosed. Roximity's backers include Fenox Venture Capital, Ludlow Ventures and Fraser McCombs Capital.
2 min read · 22 June 2016
Twitter has acquired Magic Pony Technology, a UK-based producer of machine learning and visual processing technology. No financial terms were disclosed. Magic Pony was backed by Octopus Ventures.
3 min read · 20 June 2016
Twitter has acquired Magic Pony Technology, a UK-based producer of machine learning and visual processing technology. No financial terms were disclosed. Magic Pony was backed by Octopus Ventures.
3 min read · 20 June 2016
Samsung Electronics has agreed to acquire Joyent Inc, a San Francisco-based public and private cloud provider. No financial terms were disclosed. Joyent's backers included Intel Capital, Orascom TMT Investments, El Dorado Ventures, EPIC Ventures and LGI Ventures.
3 min read · 16 June 2016
Merck has agreed to acquire Afferent Pharmaceuticals, a developer of drugs that treat neurogenic conditions. According to the deal, Merck will receive an upfront payment of $500 million in cash. Afferent's backers included Fidelity Management & Research Company, New Leaf Ventures, Partner Fund Management, Redmile Group, Tekla Healthcare Investors and Tekla Life Science Investors.
4 min read · 10 June 2016
ClickDealer has acquired Fiksu, a mobile marketing tech company. No financial terms were disclosed. Fiksu's backers included CRV and Qualcomm Ventures.
2 min read · 03 June 2016
ClickDealer has acquired Fiksu, a mobile marketing tech company. No financial terms were disclosed. Fiksu's backers included CRV and Qualcomm Ventures.
2 min read · 03 June 2016
Canada's OpenText Corp (Nasdaq: OTEX, TSX: OTC) has agreed to acquire Recommind Inc, a U.S. provider of e-discovery and information analytics. The deal reflects a purchase price of US$163 million. Waterloo-based OpenText said the acquisition will complement its own enterprise information management solutions, and is expected to generate between US$70 million and US$80 million of annualized revenue. San Francisco-based Recommind was founded in 2001 and has received funding from Sapphire Ventures, Kennet Partners and Silicon Valley Bank.
3 min read · 02 June 2016
