Weekly M&A Roundup


M&A roundup - week ending 2/13/16

Time acquired Viant; YouTube bought BandPage; Microsoft purchased Groove

Innovation series by Steven Loeb
February 13, 2016
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Microsoft acquired Groove, a music service that powers music recommendations and generates personalized playlists using machine-learning. No financial terms of the deal were disclosed. 

Going forward, Groove is no longer available for download, but current users may continue to use the app. The service had generated tens of millions of personalized playlists.

Zikera was founded in 2009 and is based in Montreal.

Chartboost, a mobile-games only marketplace, acquired Roostr, a marketplace for mobile game influencers. No financial terms of the deal were disclosed. 

Chartboost's customers will gain direct access to gaming influencers, with the same Chartboost install and LTV tracking tools they’re already using to measure the impact and performance of their campaigns.

Marco Mereu, Roostr’s founder and CEO, and the rest of the Roostr team, are joining Chartboost.

Badoo, a dating platform, acquired Lulu, creator of an app for women to review and rate men. No financial terms of the deal were disclosed. 

Alexandra Chong, Lulu's founder and CEO, will join Badoo as President. She will be focus on international expansion, business development and communications. The Lulu app will be transformed into a more conventional dating app.

Founded in 2010, Lulu had raised $3.5 million in venture funding from Passion Capital, PROfounders and a angels including Yuri Milner and Dave Morin.

Accelerator Y Combinator acquired edtech-focused accelerator Imagine K12. No financial terms of the deal were disclosed. 

Going forward, Imagine K12 will operate as an edtech specialization within YC’s program. New YC/Imagine K12 companies will have access to YC’s startup network and resources. 

Imagine K12 was founded in 2011 with the help of Y Combinator founder Paul Graham. Several companies have participated in both accelerators.

The accelerator had made 49 Investments in 47 companies, including SchoolMint, Classroom IQ, Front Row, and Class Central.

Time acquired marketing platform Viant. Financial terms of the deal were not disclosed. 

Viant is the parent company of social network Myspace, as well as Specific Media, Vindico and Xumo.

The transaction will combine Time’s content, subscriber data, and advertising inventory with Viant’s first party data and programmatic capabilities. Acquiring Viant will strengthen the Time Inc. value proposition in the industry by giving marketers better targeting and measurement capabilities.

Japanese athletic equipment company ASICS Corporation entered into a definitive agreement to acquire mobile fitness platform Runkeeper. No financial terms of the deal were disclosed. 

The Runkeeper product will still be available, and will partner deeper with ASICS Corporation products, especially its shoes.

Founded in 2008, Runkeeper has over 36 million users and is integrated with over 100 third party devices and services.

YouTube acquired BandPage, a distributed marketplace that musicians use to engage and sell to fans. No financial terms of the deal were disclosed.

By joining forces with the team at YouTube, BrandPage can better help artists reach their fans by using YouTube's global distribution platform. 

Founded in 2009, BandPage had raised $27.6 million in venture funding from GGV Capital, IDG Ventures USA and Northgate Capital, among others. 

Life360, a mobile app designed for families, acquired Couple, an app that enables users to stay connected with their partners. No financial terms of the deal were disclosed. 

Couple, formerly known as Pair, will continue to be available. The app now has over two million downloads on iOS and Android and has helped couples send over a billion messages to each other.

Founded in 2012, Couple is a Y Combinator graduate that had raised $4.2 million in venture funding from SV Angel, CrunchFund, A-Grade Ventures, Dave Morin, Yuri Milner, Founder Collective, Lerer Ventures, Betaworks, Michael Birch, Paul Buchheit, Alexis Ohanian, Garry Tan, Gary Vaynerchuk as well as many other strategic angel investors.

Amazon Web Services acquired Italian software and services company NICE.. No financial terms of the deal were disclosed. 

The NICE brand and team will remain intact and will continue to develop and support the EnginFrame and Desktop Cloud Visualization products. Customers will continue to receive support and services, enhanced with the backing of the AWS team.

Going forward, NICE and AWS will work together to create better tools and services.

Careers marketplace Hired acquired Australian competitor Jobbop, French talent marketplace Breaz. No financial terms of any of the the deals were disclosed.  

Jobbop helps Hired launch in Australia, while Breaz helps the company expand its footprint in Europe. Breaz has connecting tech talent with a roster of more than 600 local companies

Hired also acquired hiring platform Zlemma. No financial terms of the deal were disclosed. 

The acquisition will enhance Hired’s data science and matching technology to scale its marketplace. Zlemma helped companies like Walmart, Google, Amazon and Facebook improve their talent searches through a semantic search engine that matches candidates with open jobs.

Zlemma had raised $3.5 million in venture capital from Nexus Venture Partners.

Garmin, a developer of GPS technology, entered into an agreement to acquire substantially all of the assets of DeLorme, a company designs and markets consumer-based satellite tracking devices with two-way communication and navigational capabilities. No financial terms of the deal were disclosed. 

Garmin will retain most of the associates of DeLorme and will continue operations at its existing location in Yarmouth, Maine following the completion of the acquisition. The Yarmouth facility will operate primarily as a research and development facility and will continue to develop two-way satellite communication devices and technologies. Financial terms of the purchase agreement and acquisition will not be released.

The completion of the acquisition, which is subject to customary conditions, is expected to occur within 30 to 60 days.

Next Education, an Indian edtech startup, acquired InOpen Technologies, an educational startup that focuses on building the best quality content through intense and extensive research. No financial terms of the deal were disclosed.  

InOpen’s talent pool will merge with Next Education’s 2,000 strong team. Next Education will include the Computer Masti books in its in-house product, NextBooks, to cater to schools for their computer science curriculum. Computer Masti is InOpen's computer science program.

Founded in 2009, InOpen offers products and services to government and private schools. It is currently serving more than 5 lakh students directly. 

The company had raised funding from investors that included Shridhar Shukla, Ventureast, Benesse, and SINE IIT Bombay.

Zynga acquired free-to-play game maker Zindagi Games. No financial terms of the deal were disclosed. 

Zindagi's titles include Crazy Kitchen, Yummy Gummy and Sports Champions. It focuses on match-3 games.

OYO Rooms, an India-based budget hotel network acquired rival ZO Rooms. No financial terms of the deal were disclosed. 

ZO Rooms offers accomodations across over 600 properties in 40 cities.

Founded in 2014, ZO Rooms had raised $47 million in venture funding Orios Venture Partners and Tiger Global Management. It currently employs 200 people.

Aldridge, a technology management, consulting and outsourcing company for growing organizations, acquired IT firm Arterian and IT outsourcing company PacketDrivers. Terms of the deals were not disclosed. 

Aldridge is consolidating the operations of Arterian and PacketDrivers, retaining most personnel and launching the Seattle office of Aldridge. PacketDrivers founder Scott Hamlin has been appointed to the position of Vice President and General Manager to lead the Seattle operation. Arterian Founder Jamison West was appointed President of the newly-formed subsidiary.

Aldridge has retained the Arterian brand and has established a subsidiary devoted to Microsoft's CSP (Cloud Solution Provider) program.

Pocket Games, a video game development and testing company, signed an agreement to acquire Viximo, a social gaming platform. The price was $3.5 million in Series B Preferred Stock.

Viximo connects game developers to social networks through its platform. Once onboarded to the Viximo platform, social games can be deployed across several social networks, providing accelerated integration and user reach. The Viximo toolset then enables developers to increase user engagement and monetization.

The company had raised $5 million in funding from North Bridge Venture Partners & Growth Equity and Sigma Partners.

The transaction has been unanimously approved by both Boards of Directors and is expected to close in the first quarter of Pocket Games’ fiscal 2016.

Bridge Marketing, a full-service marketing automation and data agency, acquired mobile data and technology company Appjolt. No financial terms of the deal were disclosed. 

Together, Bridge and Appjolt will have over 150 million engaged user profiles.The Appjolt research and development team will continue to operate out of the Appjolt office in Israel.

The partnership follows Bridge’s recent acquisition of Motrixi, a mobile DSP and data company.

Premise Health, a worksite health and patient engagement company, acquired IMWell Health, a company that specializes in primary care clinics for mid-size companies and municipalities. No financial terms of the deal were disclosed.

The acquisition marks another advancement in Premise Health’s strategic expansion to improve the cost and quality of employer health care.

Founded in 2004, IMWell operates 17 onsite and multi-site clinics that serve more than 65,000 employees and their family members.

Karelab, a provider of tools for measuring performance in the workplace, acquired Propulse, an online platform for human resources management.

The addition of Propulse enables Karelab to reach out to small- and medium-sized companies. The acquisition is part of a strategic plan that seeks to make Karelab a leading world provider of innovative management solutions for employee performance, recognition and reward.

This is the first acquisition for Karelab. 

Trimble, which develops positioning technology solutions, acquired Sefaira, a developer of cloud-based software for the design of sustainable and high-performance buildings. No financial terms of the deal were disclosed. 

The acquisition of Sefaira expands Trimble's Design-Build-Operate (DBO) portfolio to include tools for designing high-performing buildings early in the conceptual phase of a project.

Founded in 2009, Sefaira had raised $18 million in funding from Braemar Energy Ventures, Chrysalix SET, Hermes GPE Environmental Innovation Fund and Silicon Valley Bank.

BluePay, a technology-driven payments provider, acquired Billhighway, a software company specializing in integrated payment processing for associations and large not-for-profit organizations. No financial terms of the deal were disclosed. 

Billhighway’s proprietary software solution will be integrated with BluePay’s payment technology. The company will continue to be led by Vince Thomas, Chairman and Founder of Billhighway. 

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Imagine K12
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