Boss insights - M&A News Round Up for the Software Tech Sector - June 2017

29 June 2017

Boss Insights - News - June 2017

EasyVista to Acquire Knowesia – Transforming Self-Help with Intelligent Knowledge Management
New York, NY – June 15, 2017 — EasyVista Inc., an IT Service Management software company, has announced the forthcoming acquisition of Knowesia, an award-winning, self-help, modeling and guided support software company, based in France with operations in the US and customers around the world. The acquisition supports EasyVista’s innovation strategy and will enable them to offer a codeless way to model and deliver intelligent knowledge processes that can be integrated with virtual assistants or chatbots to enhance the self-help experience. “Knowledge management is vital for any company wanting to take advantage of the artificial intelligence algorithms, driving the next generation of self-service,” said Sylvain Gauthier, Co-Founder and CEO of EasyVista. “This acquisition enables us to more seamlessly integrate EasyVista’s ITSM 2.0 platform with the innovative Knowesia Knowledge Management solution, creating an unparalleled self-help experience for our customers and their end users. http://www.easyvista.com/easyvista-to-acquire-knowesia-transforming-self-help-with-intelligent-knowledge-management/

Contegix Acquires Cloud Service Provider BlackMesh
St. Louis - June 13, 2017 - Contegix, an application management services provider, has acquired BlackMesh Inc., a cloud services provider specializing in web content management application hosting and secure compliance solutions. The combined Company now serves more than 1,200 customers in both the public and private sectors. The terms of the transaction were not disclosed. “The addition of BlackMesh is a significant leap forward for Contegix and our customers,” said David Turner, CEO of Contegix. “BlackMesh’s advanced web content management capabilities, coupled with their federal security and compliance certifications, align very well with our existing portfolio of application management services designed for the DevOps community. At the same time, our shared commitment to ‘white glove’ service will ensure that we continue to go beyond for our clients.” Terms of the transaction were not disclosed. https://www.contegix.com/contegix-acquires-cloud-service-provider-blackmesh/

Microsoft signs agreement to acquire Hexadite to support ongoing investments in next-generation security innovation
Redmond, Washington - June 8, 2017 — Microsoft Corp. has signed an agreement to acquire Hexadite, a company delivering agentless, automatic incident investigation and remediation solutions. The terms of the agreement have not been disclosed. Once closed, the acquisition will build on the successful work Microsoft is already doing to help commercial Windows 10 customers detect, investigate and respond to advanced attacks on their networks with Windows Defender Advanced Threat Protection (WDATP). “Our vision is to deliver a new generation of security capabilities that helps our customers protect, detect and respond to the constantly evolving and ever-changing cyberthreat landscape,” said Terry Myerson, executive vice president, Windows and Devices Group, Microsoft. “Hexadite’s technology and talent will augment our existing capabilities and enable our ability to add new tools and services to Microsoft’s robust enterprise security offerings.” https://news.microsoft.com/2017/06/08/microsoft-signs-agreement-to-acquire-hexadite/#QMPHfYeMVW3uss86.97

SYNNEX to Acquire Westcon-Comstor North America and Latin America Businesses
Fremont, Calif., June 5, 2017 - SYNNEX Corporation, and Datatec Ltd have announced a definitive agreement in which SYNNEX will acquire Datatec's Westcon-Comstor Americas business and become a minority shareholder in Datatec's Westcon EMEA and APAC businesses. "We believe this is a unique opportunity that is transformational to SYNNEX and is aligned to our strategy of positioning the business to where technology is growing. Westcon-Comstor is recognized leader in the security, UCC and networking space," stated Kevin Murai, President and CEO of SYNNEX Corp. "The Westcon-Comstor brand has been built over time by a very deep and talented team and we are excited to welcome the Americas team to our family." http://ir.synnex.com/releasedetail.cfm?ReleaseID=1029132

OpenText to Acquire Covisint for $2.45 a share
Waterloo, ON - June 5th 2017 – OpenText™, an Enterprise Information Management (EIM) organisation, has announced that it has entered into a definitive agreement to acquire Covisint Corporation, a Cloud platform for building Identity, Automotive and Internet of Things (IoT) applications. The acquisition is expected to deepen OpenText’s EIM offering with a cloud-based IoT platform-as-a-service and expand OpenText’s presence in the Automotive industry through strong customer relationships and strategic partnerships for supply chain collaboration. Covisint will be integrated into the OpenText Business Network, a portfolio of cloud solutions and software that facilitates efficient, secure, and compliant information flows between organizations. http://www.opentext.com/who-we-are/press-releases?id=837CC4D3E1C24D21BD0AC8F70203C30F

Accenture Acquires SolutionsIQ, Adds Leading Agile Transformation Expertise and Services
New York - June 2, 2017 – Accenture has acquired SolutionsIQ, a provider of Agile transformation services for business and technology, that help organizations drive change, improve customer experience and create greater business value through Agile methods. Terms of the acquisition were not disclosed. With one of the most experienced teams of Agile coaches in the industry, SolutionsIQ helps organizations apply Agile principles and practices to achieve substantial performance improvements, including enhanced digital delivery effectiveness, reduced cycle times for software development and greater responsiveness to business needs. https://newsroom.accenture.com/news/accenture-acquires-solutionsiq-adds-leading-agile-transformation-expertise-and-services.htm

Atento Completes Acquisition of Majority Stake in Interfile Leading Provider of BPO Services in the Financial Services Sector in Brazil
Sao Paulo, June 13, 2017 - Atento S.A., a provider of customer relationship management and business process outsourcing solutions (CRM BPO) in Latin America, and one of the three top providers worldwide, has announced the completion of its acquisition of Interfile. A definitive agreement to acquire the company was announced in March 2017. "We are excited to complete the acquisition of Interfile, which strengthens our capabilities and positions Atento as the leading provider of credit origination BPO solutions in Brazil and in the Latin America market. Through this transaction we are doubling our market share in the USD 1 Billion Latam credit origination BPO market to approximately 10%. This acquisition allows us now to provide a fully integrated BPO platform to deliver end-to-end solutions for the Financial Services sector," stated Alejandro Reynal, Atento's Chief Executive Officer. http://investors.atento.com/investors/investor-news/investor-news-details/2017/Atento-Completes-Acquisition-of-Majority-Stake-in-Interfile-Leading-Provider-of-BPO-Services-in-the-Financial-Services-Sector-in-Brazil/default.aspx

Hyland Partners with Hitachi to Drive its APAC Presence
Hyland, a provider of software for managing content, processes and cases has announced its partnership with prominent digital solutions provider, Hitachi, Ltd. Japan-based Hitachi will offer its customers Hyland products such as OnBase by Hyland, an enterprise information platform product, and ShareBase by Hyland, an enterprise cloud-based sharing product. “OnBase is a cutting-edge enterprise information platform that can be implemented quickly and gradually expanded across the enterprise based on a customer’s content and process management needs,” said Mr. Norimasa Sasaki, Vice President of Financial Information Systems First Division, Financial Institutions Business Unit, Hitachi, Ltd. http://news.onbase.com/hyland-partners-with-hitachi-to-drive-its-apac-presence/

Ricoh Japan Signs Dealership Agreement with 3D Printer Manufacturer EnvisionTEC
Gladbeck, Germany - EnvisionTEC, a global manufacturer of desktop and full-production 3D printers and materials, has signed a dealership agreement with The Ricoh Japan Co., Ltd., part of the imaging and electronics company based in Tokyo. Beginning later this year, Ricoh Japan will begin selling 3D printers, materials, training and support in Japan through its agreement with EnvisionTEC GmbH, the German arm of EnvisionTEC’s global family of companies. The Ricoh Group has more than 20 years of experience in designing products for 3D printing, cultivated through making prototypes and molds. The company is now focused on developing a 3D printer business that uses this know-how to provide broader 3D printing services. www.ricoh.com

OpenText Announces New Global Cloud Reseller Agreement with SAP to Provide End-to-End HR Document Management
Waterloo, ON – 2017-6-15 – OpenText™ an Enterprise Information Management (EIM) company, has announced a global reseller agreement with SAP. As part of the agreement, SAP will resell OpenText Extended ECM as SAP® SuccessFactors® Extended Enterprise Content Management by OpenText. Designed exclusively for SAP SuccessFactors HCM Suite, the new, cloud-based solution helps organizations manage human resources (HR) and employee documents from generation to disposition in a secure and compliant manner. Adam Howatson, Chief Marketing Officer at OpenText, said, “Helping companies manage their essential employee records through a single, cloud-based source is a significant step for companies wanting to more effectively manage an increasingly global, digital workforce.” http://www.ot.co.uk/who-we-are/press-releases?id=BEBA8E7E3535423CBFDF01937F43E2A2

PSIGEN Integrates with Redtail Technology
Madison, AL – June 6, 2017 – PSIGEN Software, Inc., an innovative developer of document capture, business process automation and content management solutions, has announced the integration of its enterprise-class document management software product, SAFE with Redtail Technology, a provider of client relationship management (CRM) software for financial services firms. With PSIsafe Cloud connector, Redtail clients can access all the benefits of SAFE, extending beyond simple file storage and document management. In turn, that supercharges their workflow capabilities and ensures complete collaboration with associates and customers alike. “When we expanded our offerings by adding SAFE to the PSIGEN product line, we knew integrations like this one with Redtail would create a solution customers were seeking,” said Victoria Hensley, COO of PSIGEN Software, Inc. “Now Redtail clients can access robust content management and granular security measures for a fully integrated solution that will save them both time and money.” http://www.psigen.com/company/psigen-news

KKR exits European software leader after seven years of ownership
KKR initially acquired Visma in 2010 at an enterprise value of $1.3 billion (NOK11 billion). Over the past seven years, Visma has significantly grown revenues from NOK2.8 billion in 2010 to NOK7.9 billion in 2016, a compound annual growth rate of 19%, and improved EBITDA margins from 19% to 25%. In addition, the company has completed more than 100 add-on acquisitions over the same period of time for an aggregate enterprise value of c. $1 billion (NOK8 billion). Anders Borg, Director and Head of the Nordic Region at KKR, said: "We are proud to have built a clear leader in the European software market over the past seven years. Visma has truly put the Nordics on the global tech map. Our partnership with Øystein Moan and the Visma team has been a very fruitful one - I would like to personally wish them all the best for the future." http://www.businesswire.com/news/home/20170628006579/en/Visma-Puts-Nordic-Region-Global-Tech-Map