Weekly M&A Roundup

110799

M&A roundup - week ending 8/3/16

Box bought Wagon; Wayfair acquired Trumpit; Cisco purchased ContainerX,

Innovation series by Steven Loeb
September 3, 2016 | Comments
Short URL: http://vator.tv/n/470a

Box acquired Wagon, a modern SQL editor for analysts and engineers to write queries, visualize results, and share data and charts. No financial terms of the deal were disclosed. 

Wagon will be shutting down on October 3. After that date, Wagon desktop and Web services will no longer be available, and all data and user accounts will be securely deleted. Until then, users will be able to export their queries and data.

The Wagon team will be joining Box, where they will be working on analytics products. In all, seven members of the Wagon team will be joining Box.

Founded in 2014, Wagon had raised $2 million in venture funding from Labs8.

Online furniture and design store Wayfair acquired group photo messaging app Trumpit. No financial terms of the deal were disclosed.

The deal is for Trumpit’s IP and the right to hire their employees. In all, seven employees, including Trumpit’s three co-founders, Bill Gianoukos, Carl Nehme, and Nick Lizotte, will be coming to work at Wayfair, where they will be joining the engineering and product teams.

Founded in 2015, the Boston-based Trumpit is an app takes any incoming picture message right to a user's lock screen. Users sending pics through Trumpit have access to over twenty different editing options, including filters and stickers. Photos can be sent to individuals, or to groups.

Wayfair plans to use Trumpit's technology to increase its mobile capabilities, specifically to enhance its customer service by allowing them to easily send visual images along with their complaints. 

Trumpit had raised $1.2 million in venture capital from BDS Capital and New York Angels. 

Nutanix, a Web-scale converged infrastructure company, acquired PernixData, a provider of scale-out data acceleration and analytics. No financial terms of the deal were disclosed.

A majority of the employees from the PernixData will be joining Nutanix.

Founded in 2012, PernixData had raised $62 million in venture funding from Menlo Ventures, Kleiner Perkins Caulfield and Byers, Lightspeed Ventures, Marc Benioff, Jim Davidson, Steve Luczo, Lane Bess, Mark Leslie and John Thompson.

The purchase of PernixData is still subject to customary closing conditions.

Nutanix also acquired Calm.io, a provider of DevOps automation. No financial terms of the deal were disclosed.

A majority of the employees from the Calm.io will be joining Nutanix. Going foward, nothing will change for Calm.io's existing customers. 

Calm.io had raised $4 million in venture funding from Microsoft Accelerator Bangalore and Sequoia Capital. 

Nutalix's acquisition of Calm.io has already closed.

Freightos, an online freight marketplace, acquired WebCargoNet, a provider of air cargo freight rate management. No financial terms of the deal were disclosed. 

WebCargoNet will retain its independent brand, bringing air cargo rates online worldwide, complementing the Freightos’ AcceleRate freight rate management solution and the Freightos Marketplace. There will be no immediate changes to current offerings of either company.

Over time, strategic synergies will be leveraged to provide more comprehensive and innovative online solutions to carriers, forwarders, and shippers. The acquisition involved both cash and Freightos shares.

Carousell, a social commerce and classifieds company, acquired Watch Over Me, which adds safety ratings to streets and turns a phone into a personal safety device. No financial terms of the deal were disclosed.

 As a result of the acquisition, Watch Over Me shut down on August 31. Five of the nine members of the startup’s product team have joined Carousell. CEO Xin-Ci Chin is joining as a part-time consultant to help with “CRM infrastructure and processes.”

The source code for the Watch Over Me project will be made freely available for distribution and modification on Github.

Founded in 2002, Watch Over Me had 250,000 registered users. It raised funding from SEGNEL Ventures.

Episerver, a provider of a single platform to manage digital content, commerce, and marketing in the cloud, acquired Peerius, a provider of intelligent omnichannel personalization in the cloud. No financial terms of the deal were disclosed. 

The entity will continue operations as Peerius, an Episerver Company, and Peerius CEO Roger Brown will remain in his current role, reporting to Mark Duffell, Episerver President and CEO.

Founded in 2007, Peerius had raised $2.01 million in venture funding from Beringea and Venrex Investment Management.

One More Company, the company which launched email ID and tracking services Senders and Trackbuster, acquired Evercontact, an artificial intelligence driven personal assistant. No financial terms of the deal were disclosed. 

Combined, Evercontact, Senders and Trackbuster products will now have 100,000 active users, with over 300,000 installations combined as of July 31, 2016.Together the three services process 3.5 million emails per day and manage the information of over four million contacts.

The combined company will operate out of its New York headquarters, while having the Paris office serve as its European hub.

Founded in 2014, Evercontact had raised $770,000 in venture funding from AXA Seed Factory.

GE Transportation, a producer of rail and transportation-related products and offerings, acquired ShipXpress, a provider of Web-based logistics visibility and management software and service solutions. No financial terms of the deal were disclosed. 

The deal extends GE Transportation’s portfolio of solutions into the logistics value chain, giving it new offerings for shippers, and expanding its ability to deliver information and transaction services for railroad customers around the world.

This acquisition also deepens GE Transportation’s domain expertise, enriching the division with a talent pool of nearly 200 industry, technical, and software development experts.

ShipXpress will continue to offer its current services.

ShaveMOB.com, an online provider of razor blades for men and women, acquired 800Razors, a personal care products company. No financial terms of the deal were disclosed. 

While ShaveMOB.com does offer its own shaving cream, 800Razors "Ultimate Shave" line of lotion, soaps, and creams will also allow ShaveMOB.com to offer consumers even more choices related to their shaving experience.

Founded in 2012, 800Razors had raised $100,000 in venture funding.

Jouve, a provider of cross-media solutions for designing, enriching, and distributing content, acquired Six Red Marbles, an agency specializing in Learning Experience Design for markets that include education, publishing, and knowledge-driven enterprises. No financial terms of the deal were disclosed. 

The Six Red Marbles organization will join a growing family of Jouve subsidiaries and sister companies to support their shared mission of delivering content and learning innovation through comprehensive platforms and managed services.

With a network of nearly 500 active curriculum developers, media designers, and learning specialists worldwide, Six Red Marbles has built a strong presence in its core markets with customers that include well-known brands such as McGraw-Hill Education, Houghton Mifflin Harcourt, Harvard Business School Publishing, and many others.

NEXTracker, a developer of single-axis solar trackers and photovoltaic systems, acquired BrightBox Technologies,  a provide of modeling software and machine-learning technologies. No financial terms of the deal were disclosed. 

BrightBox's technology is being integrated with Flex’s Connected Intelligence platform, empowering NEXTracker’s global fleet with a software stack for predictive control and performance optimization.

Founded in 2013, BrightBox had raised an undisclosed amount of funding from XSeed Capital.

Cisco acquired ContainerX, a container platform designed for enterprise IT. No financial terms of the deal were disclosed. 

With ContainerX, Cisco is continuing to invest in innovative technology and talent to help its customers in their transition to cloud native architectures using containers.

The ContainerX team will join Cisco’s Cloud Platform & Services Group led by Vice President Kip Compton.

Contact center company Genesys entered into an agreement to acquire Interactive Intelligence, a provider of solutions for customer engagement, communications and collaboration. The deal is valued at $60.50 per share, or $1.4 billion.

As a larger entity with increased scale, Genesys is committed to accelerate innovation in the customer experience market, with more than $1.3 billion in revenue and annual R&D spend approaching $200 million.

Both cloud and on-premise product portfolios will continue to be supported and offered to the marketplace, with significant R&D investment across the full product portfolio.

Founded in 1994, Interactive Intelligence went public in 1999.

 Learning Pool, an online learning solutions providers, acquired e-learning company Mind Click. No financial terms of the deal were disclosed. 

Sean Reddington, Mind Click’s Managing Director, is reinvesting in the expanded business and will join Learning Pool’s strategic management team, working closely with Paul McElvaney, CEO of Learning Pook, to grow the business further including new product development and expansion into new markets.

Learning Pool is now the largest provider of Totara learning management systems in the global network and has significantly expanded its product portfolio and capacity to deliver to public sector organisations and private companies throughout the United Kingdom and internationally.

Paysafe, a provider of payment solutions, acquired Income Access, an affiliate technology business. The price was CAD$40 million (approximately US$30 million).

Income Access Founder and CEO Nicky Senyard will remain with the business as Managing Director.

Founded in 2002, Income Access has more than 25,000 affiliates who use the company’s multi-channel software for their marketing campaigns.

(Image source: curioushalt.com)


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