Tag Archives: Software & Services

Twitter acquires Magic Pony

Commentary

On its latest effort to turnaround its declining revenue, Twitter announced that it has acquired Magic Pony Technology, a London-based technology startup that can automatically sharpen low-resolution images and videos. According to Twitter, the acquisition is another step to build its machine learning capabilities, which started with the acquisitions of Madbits in 2014 and Whetlab in 2015. Magic Pony’s technology allows users to post clearer photos and videos on the Twitter platform and can also be applied to Periscope for clearer broadcasts. The acquisition was said to be worth $150 million and investors seem to be pleased with the deal as Twitter shares were up 2.2% in late afternoon trading on the New York Stock Exchange.

Tradeshift raises $75 million

Commentary

Software startup Tradeshift has raised $75 million from a consortium of investors, including Data Collective, HSBC, American Express Ventures, Notion Capital and others. The latest round values the company at around $600 million. Tradeshift sells digital invoicing and supply-chain software to help manufacturing companies streamline their communications and transactions with suppliers. The company offers a host of solutions that includes CloudScan®, which can automate the process of invoicing and eliminate the need for manual input of invoices via email, PDF or email. The company plans to use its new funds to expand globally and introduce new services.

Cylance raises $100 million

Commentary

Cylance, a cybersecurity startup that uses machine-learning and artificial intelligence to counter malware has raised $100 million in a Series D round from Blackstone Tactical Opportunities, Insight Venture Partners and existing investors. Cylance now has a total funding of $177 million. Founded in 2012 by cybersecurity expert Stuart McClure, Cylance has a sophisticated platform that involves a suite of algorithm-based protocols that examine networks for weaknesses even before they cause harm, and shuts them down. Cylance also integrates human-generated codes with a system that learns how a hacker thinks in order to predict and avert cyber attacks.

Top 20 Deals for May 2016

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$2,400,000,000Blue Coat SystemsBain CapitalSoftware & ServicesAcquisition
2$1,960,000,000PolycomMitelSoftware & ServicesAcquisition
3$1,800,000,000SnapchatConsortiumMobile & AppsInvestment
4$1,800,000,000MarketoVista Equity PartnersMarketingAcquisition
5$1,600,000,000Wind MobileSunShawMobile & AppsAcquisition
6$1,449,050,000VocaLinkMasterCardSoftware & ServicesAcquisition
7$1,400,000,000Jasper TechnologiesCiscoSoftware & ServicesAcquisition
8$1,250,000,000Ele.meAlibabaTransactionsInvestment
9$1,200,000,000LeSportsConsortiumGamesInvestment
10$1,000,000,000Didi ChuxingAppleTransactionsInvestment
11$1,000,000,000Lazada GroupAlibabaEcommerceAcquisition
12$1,000,000,000LyftConsortiumTransactionsInvestment
13$870,000,000SolidFireNetAppSoftware & ServicesAcquisition
14$793,500,000Magic LeapConsortiumSoftware & ServicesInvestment
15$633,000,000TexturaOracleSoftware & ServicesAcquisition
16$540,000,000Serena SoftwareMicro FocusSoftware & ServicesAcquisition
17$500,000,000Ping An Good DoctorUndisclosedMobile & AppsInvestment
18$400,000,000SintecMediaFrancisco PartnersSoftware & ServicesAcquisition
19$360,000,000TapadTelenor GroupMarketingAcquisition
20$350,000,000Microsoft (feature phone business)FIH MobileSoftware & ServicesAcquisition

More information

  1. Bain Capital to Buy Blue Coat Systems (The Wall Street Journal)
  2. Mitel buys Polycom for $1.96B in enterprise communications consolidation play (TechCrunch)
  3. Snapchat raised $1.8B in a Series F round; leaked deck reveals revenues, user numbers (TechCrunch)
  4. Vista Equity Partners buys marketing automation giant Marketo for $1.8B in cash (TechCrunch)
  5. Shaw completes $1.6 billion acquisition of wireless carrier Wind Mobile (Vancouver Sun)
  6. MasterCard closes in on £1bn VocaLink acquisition (Banking Tech)
  7. Cisco Takes A Leap In IoT With Jasper Acquisition (Forbes)
  8. Alibaba confirms $1.25B investment in food delivery service Ele.me (TechCrunch)
  9. LeSports Secures $1.2 Billion in Series B Financing (FinSMEs)
  10. Apple invests $1bn in Chinese ride-hailing app Didi Chuxing (Reuters)
  11. Alibaba Makes $1 Billion Investment in Lazada Group (FinSMEs)
  12. Lyft Raises $1 Billion; Valued at $5.5 Billion (FinSMEs)
  13. NetApp to Acquire SolidFire, for $870M (FinSMEs)
  14. Magic Leap Raises $793.5M in Funding (FinSMEs)
  15. Oracle to buy Textura in $663 million deal (MarketWatch)
  16. Micro Focus to buy Serena Software in $540m deal (ZDNet)
  17. Chinese Healthcare App Ping An Good Doctor Closes USD$500M Series A Venture Capital Round (FinSMEs)
  18. Francisco Partners buys Israeli startup SintecMedia for $400 million (GeekTime)
  19. Telenor Group Acquires Tapad for $360M (FinSMEs)
  20. Microsoft is selling its feature phone business to Foxconn for $350 million (The Verge)