Private Equity
Grid Dynamics has bought Qubell, an autonomic application management platform provider for cloud applications. No financial terms were disclosed. Leonard Livschitz will remain as CEO of Grid Dynamics. Also, Grid Dynamics has secured undisclosed Series B funding from Quebell's lead investor Benhamou Global Ventures.
3 min read · 17 August 2015
Venture-backed Aricent, a Redwood City, Calif.-based provider of product engineer services, has acquired SmartPlay, a chip design services company based in India, for a reported $180 million. The acquisition bolster's Aricent's R&D efforts in software, hardware and network products for the Internet of Things. Aricent has raised funding from KKR and Sequoia Capital.
3 min read · 13 August 2015
CSC said Tuesday it has agreed to buy Fixnetix. Financial terms weren’t announced. London-based Fixnetix provides front-office managed trading solutions in capital markets. Fixnetix is a Delta Partners portfolio company.
4 min read · 12 August 2015
Adidas AG (ADSGn.DE) has bought fitness tracking app maker Runtastic, giving it access to a community of 70 million active users and helping it catch rivals in connected wearables, Reuters News reported.
1 min read · 06 August 2015
Fantasy sports company FanDuel has acquired Scottish mobile app development agency Kotikan. No financial terms were disclosed. The acquisition comes on the heels of FanDuel raising $275 million in Series E funding. KKR led the round with participation from other investors that included Google Capital, Time Warner Investments, Turner Sports, Shamrock Capital, NBC Sports Ventures, Comcast Ventures, Bullpen Capital, Pentech Ventures and Piton Capital.
3 min read · 20 July 2015
Microsoft Corp plans to acquire Israeli cyber security company Adallom for $320 million, the Calcalist financial newspaper reported on Monday.
1 min read · 20 July 2015
Revolution Ventures backed OrderUp has been acquired by Groupon, according to a press release. No terms of the deal were disclosed.
5 min read · 17 July 2015
Agtech venture firm Avrio Capital expects to see an outsized return on its investment in a Canadian natural foods producer following the company’s sale to a U.S. private equity firm this week. Manitoba Harvest Hemp Foods sold for $132.5 million, which will give Avrio a nine-fold return on its invested capital, the firm's Managing Director Aki Georgacacos told peHUB Canada.
3 min read · 16 July 2015
Avast Software announced it has acquired Redwood City, Calif.-based Remotium, a provider of enterprise security services to protect mobile devices. Financial details were undisclosed. Remotium, which had raised seed funding from Draper Nexus Ventures, was named the Most Innovative Company at the RSA Conference in San Francisco in 2013.
3 min read · 08 July 2015
The Priceline Group said Tuesday that it has invested $60 million in Hotel Urbano for a minority stake. Rio de Janeiro, Brazil-based Hotel Urbano is an online travel company backed by Insight Venture Partners.
3 min read · 08 July 2015
