Private Equity
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
ServiceNow has agreed to buy BrightPoint Security, a San Mateo, California-based cyber threat intelligence platform. No financial terms were disclosed. BrightPoint's backers include Aligned Partners, EMC Ventures and Founder Collective, according to CrunchBase.
2 min read · 01 June 2016
ServiceNow has agreed to buy BrightPoint Security, a San Mateo, California-based cyber threat intelligence platform. No financial terms were disclosed. BrightPoint's backers include Aligned Partners, EMC Ventures and Founder Collective, according to CrunchBase.
2 min read · 01 June 2016
Seattle-based Evergreen Pacific Partners sold Thermal Dynamics International to Zhejiang Yinlun Machinery Co. Ltd. Headquartered in Ontario, Canada, Thermal Dynamics supplies heat exchangers for the automotive, heavy truck and off-highway industries. Zhejiang Yinlun invested $56.65 million to acquire 100 percent of the company.
2 min read · 23 May 2016
Seattle-based Evergreen Pacific Partners sold Thermal Dynamics International to Zhejiang Yinlun Machinery Co. Ltd. Headquartered in Ontario, Canada, Thermal Dynamics supplies heat exchangers for the automotive, heavy truck and off-highway industries. Zhejiang Yinlun invested $56.65 million to acquire 100 percent of the company.
2 min read · 23 May 2016
Good Company Wines said May 10 that it acquired Glassful. Financial terms weren’t announced. New York-based Glassful is a wine company. Good Company is backed by Founders Fund, Launch Capital, DN Capital, Correlation Ventures and Super Angels, Fabrice Grinda and Jose Marin.
3 min read · 11 May 2016
Formlabs, a maker of 3D printing technology, announced it has acquired venture-backed Pinshape for an undisclosed price. Vancouver-based Pinshape, a consumer marketplace for 3D printable products, raised US$825,000 in seed-stage funding over 2014-2015 from 500 Startups, DeNA, ChinaRock Capital Management and 500 Startups co-founder Dave McClure, according to its AngelList profile. The acquisition deal is the first for Somerville, Mass.-based Formlabs, which is backed by DFJ Growth, Innovation Endeavors and Pitango Venture Capital. Earlier this year, 500 Startups launched 500 Canada, a US$30 million Canadian venture capital fund.
3 min read · 03 May 2016
Formlabs, a maker of 3D printing technology, announced it has acquired venture-backed Pinshape for an undisclosed price. Vancouver-based Pinshape, a consumer marketplace for 3D printable products, raised US$825,000 in seed-stage funding over 2014-2015 from 500 Startups, DeNA, ChinaRock Capital Management and 500 Startups co-founder Dave McClure, according to its AngelList profile. The acquisition deal is the first for Somerville, Mass.-based Formlabs, which is backed by DFJ Growth, Innovation Endeavors and Pitango Venture Capital. Earlier this year, 500 Startups launched 500 Canada, a US$30 million Canadian venture capital fund.
3 min read · 03 May 2016
Formlabs, a maker of 3D printing technology, announced it has acquired VC-backed Pinshape for an undisclosed price. Vancouver, British Columbia-based Pinshape, which provides a 3D printer community, had raised $825,000 in seed-stage funding from 500 Startups, DeNA, ChinaRock Capital Management and 500 Startups co-founder Dave McClure, according to its AngelList profile. The acquisition is the first for Formlabs, which is backed by DFJ Growth, Innovation Endeavors and Pitango Venture Capital.
3 min read · 03 May 2016
AbbVie Inc agreed to acquire venture-backed Stemcentrx in a deal valued at about $5.8 billion, which includes $2 billion in cash and the remainder in stock. Backers include Fidelity Investments. The company, which was backed by Artis Ventures and Founders Fund.
1 min read · 28 April 2016
