Going forward, Grohmann Engineering will be renamed as Tesla Grohmann Automation, and it will serve as the initial base for Tesla Advanced Automation Germany headquarters, with other locations to follow. The company will continue to be led by founder and CEO Klaus Grohmann.
The purchase will give Elon Musk's company a new factory that will allow Tesla to increase its productivity, aiding its goal of bringing number of cars manufactured to half a million a year by 2018.
Tesla expects to add over 1,000 advanced engineering and skilled technician jobs in Germany over the next two years.
Grohmann revenues have been growing by an average of more than six percent annually over the last 20 years, reaching 123 million euros in 2015. The number of employees tripled over the same period to approximately 700.
Adobe acquired video ad tech company TubeMogul. Adobe is purchasing all of the company's outstanding common stock for $14 per share, or the equivalent of approximately $540 million net of debt and cash.
Going forward, TubeMogul will become part of the Adobe Marketing Cloud, the company's integrated digital marketing platform. TubeMogul CEO Brett Wilson will continue to lead the TubeMogul team as part of Adobe’s Digital Marketing business.
The two companies seem to have a fair amount of overlap in their current customer bases, including Allstate, Johnson & Johnson, Kraft, Liberty Mutual, L’Oréal, Nickelodeon and Southwest Airlines.
The transaction is expected to close during the first quarter of Adobe’s 2017 fiscal year.
The Sphere technology will be used to extend OneLogin’s endpoint security from desktops to mobile devices and thereby providing a unified endpoint management solution for enterprises.
Founded in 2014, Sphere Secure Workspace had raised $21,260 in funding from CyLon.
Symphony Technology Group, a strategic private equity firm, completed the acquisition of Bond International Software, a provider of staffing and recruitment software solutions. No financial terms of the deal were disclosed.
STG plans to invest in innovation, adding significant customer value in the AdaptUX recruitment software platform and continuing the global success of Bond International Software plc.
Bond International Software was founded in 1973.
Bourns, a manufacturer and supplier of electronic components, acquired specified assets used for the production and sale of the Transtek brand of magnetics products. No financial terms of the deal were disclosed.
The portfolio of Transtek magnetic components acquired by Bourns includes custom transformers, inductors and coils for a variety of applications such as electrical isolation and voltage conversion in power electronics circuitry. Transtek magnetic components are sold principally in the automotive, solar power and consumer electronics markets.
Bourns will retain the design and manufacturing operations in Dongguan, China and the sales and support functions in Tucson, Arizona. The acquired magnetics products will be folded into the Bourns product portfolio and marketed under the Bourns brand name.
The acquisition is representative of Ancero's steady growth and identifies the opportunity for greater expansion into the Jersey Shore footprint.
While the acquisition is finalized, Ground Swell's team will continue to operate from its current office in Egg Harbor Township under the direction of Ancero.
viserPlus delivers a range of managed HR solutions; from outsourced HR advice, coaching and case management services for line managers, to HR technology solutions that support the delivery of HR services. Solutions include data analytics and business insights to enable improved corporate governance, performance and strategic planning.
AdviserPlus has a wide ranging client base that includes UK public and private companies, as well as public sector organisations.
Cyber Algorithms brings Thycotic some of the most intuitive and easy-to-use cyber security analytics in the market allowing security personnel to detect and thwart intrusions that would otherwise go unseen.
Founded in 2015, Cyber Algorithms is a graduate of the Mach37 Cybersecurity Accelerator, a startup accelerator focused on launching early-stage startups in the cybersecurity industry.
The deal enables FairMedOnline to continue its expansion course into the global medical tourism market.
Founded in 2014, Caremondo's platform is in more than 160 accredited partner healthcare facilities in over 20 countries worldwide. The company raised an undisclosed amount of funding from HV Holtzbrinck Ventures.
Facebook will be hiring many members of the team, including both of its founders, CEO Brandon Silverman and CTO Matt Garmur. CrowdTangle will continue to lead and run the product suite and work with publishers to provide insights and analysis. Facebook will also continue to support CrowdTangle's cross-platform integrations with Twitter, YouTube and others.
Founded in 2012, CrowdTangle had raised $2.2 million in venture funding from Advancit Capital, Betaworks, BoxGroup, Knight Enterprise Fund, Lerer Hippeau Ventures, New Media Ventures, Richard Parsons and Tsai Ventures.
Under the terms of the agreement, Atelka will become part of TeleTech's Customer Management Services (CMS) segment. This transaction is expected to be immediately accretive to earnings on a per share basis.
With headquarters in Montreal, Quebec, Atelka has 2,800 employees in four Canadian provinces. Speaking up to nine languages, Atelka employees serve leading Canada-based clients in telecom, logistics and entertainment.
Gartner, an information technology research and advisory company, acquired Machina Research, a provider of strategic advice on the M2M, IoT and Big Data markets. No financial terms of the deal were disclosed.
Gartner has acquired Machina Research as part of its strategy of investing further in this technology area. Both companies recognise the tremendous synergy and additional value that they can deliver as the market leaders in IoT research.
Machina Research's analyst team will transition in its entirety to Gartner.
The acquisition of this digital automotive platform allows Motor1.com to expand its global network that already includes properties in the U.S., Italy, Canada, Turkey, and France. Tthis purchase continues its global expansion into South America.
Motor1 is a sister company of Motorsport.com. The team Carplace team will be lead by Fabio Trindade, as the enterprise Managing Director, with Daniel Messeder as Editorial Director of br.Motor1.com and Felipe Motta leading the efforts on the Motorsport.com side.
Awareness Technologies, maker of parental monitoring software solution WebWatcher, acquired a controlling interest in Screen Time Labs, a provider of parental screen time control software. No financial terms of the deal were disclosed.
Screen Time allows parents and children to negotiate screen time through their interactive app. Parents can schedule screen time as well as pause or permit kids’ screen time on-demand from any remote location.
Founded in 2014, Screen Time Labs has over one million downloads via the App Store and GooglePlay.
The acquisition will provide Zoara with direct access to wholesale suppliers with the highest quality diamonds in the industry.
Zoara has sales in over 40 countries worldwide,The Dalumi–Zoara acquisition re-positions Zoara as a leading e-commerce site in its market.
CallidusCloud, a provider of cloud-based sales, marketing, learning and customer experience solutions, acquired Datahug Limited, a SaaS predictive forecasting and sales analytics company. No financial terms of the deal were disclosed.
Founded in 2010, Datahug had raised $5.5 million in funding from DFJ Growth, Draper Esprit, Oyster Capital Partners, Oyster Technology Investments, Ronald Conway and Salesforce Ventures.
Customers of Datahug's predictive forecasting technology include great companies like Nitro, Instructure, G2 Crowd, McCann Fitzgerald and Scottish Equity Partners.
Insight Enterprises, an Intelligent Technology Solutions provider, acquired Datalink Corporation, a provider of IT services and enterprise data center solutions. The price was $11.25 per share in cash, for an equity purchase price of approximately $258 million and an enterprise value of approximately $196 million.
The combination of the two organizations brings a full complement of end-to-end technology solutions in supply chain, application and data center architecture, implementation and managed solutions.
Insight expects to achieve approximately $20 million in run-rate cost savings within two years after closing.
Datalink went public in 1999.
Development of LeapDroid emulator has been discontinued. However, if you have LeapDroid already installed, you can continue to use it. Leapdroid is not affiliated with Google.
LeapDroid emulator was released to public in June 2016.
Windstream, a provider of advanced network communications and technology solutions, merged with EarthLink, a network services provider. The transaction is valued at approximately $1.1 billion, including debt.
Upon closing of the transaction, Windstream shareholders will own approximately 51 percent and EarthLink shareholders will own approximately 49 percent of the combined company.
The combined company will have approximately 145,000 fiber route miles and provide advanced network connectivity, managed services, voice, internet and other value-added services. Customers will also benefit from combining Windstream’s scale in the Enterprise segment and EarthLink’s successful launch of SD-WAN.
The transaction is expected to close in the first half of 2017.
Synopsys, a provider of a solution for improving the security and quality of software, signed definitive agreements to acquire Cigital, a provider of software security managed and professional services, and Codiscope, a 2015 spinoff of Cigital and provider of complementary security tools. No financial terms of the deal were disclosed.
Codiscope has transformed the tools and intellectual property created by Cigital into a suite of accessible and streamlined tools for a broad population of developers. The acquisition of Cigital and Codiscope will add complementary products, services, and a highly skilled workforce to the Synopsys portfolio, enabling Synopsys to offer a comprehensive software security signoff solution.
Founded in 1992, Cigital raised $55 million in funding, while Codiscope, founded in 2015, had raised $5 million.
The transaction, which will be funded with a combination of U.S. cash and debt, is subject to Hart Scott Rodino regulatory review and other customary closing conditions, and is expected to close by December 2016.
Trimble, a provider of solutions that optimize the complete Design-Build-Operate lifecycle of buildings, entered into a definitive agreement to acquire Building Data, a managed content and software solution. No financial terms of the deal were disclosed.
The combination of Building Data's experience in Building Information Modeling content paired with Trimble's leadership in providing software and hardware solutions for building construction will empower contractors and engineers to gain efficiencies throughout the building lifecycle.
The Building Data business will be reported as part of the Engineering and Construction Segment. The transaction is expected to close in the fourth quarter of 2016.
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