Boss Insights - Tech M&A Round Up -18th September 2020

CB Insights Acquires Netherlands-based Blockdata to Untangle Blockchain and Distributed Ledger Technology Ecosystem
New York - 16th September 2020 - CB Insights, which helps the world's largest enterprises make intelligent technology decisions, has acquired Netherlands-based Blockdata, a software company that tracks the global blockchain economy and provides differentiated data and predictive insights on the growing but increasingly complex blockchain and distributed ledger technology ecosystem. Blockdata’s technology enables financial institutions, governments and enterprises to identify the most credible use cases of blockchain and pinpoint the best companies and projects to work with.  Ultimately, this enables clients to drastically reduce the uncertainty, time and effort between technology discovery and decision to proceed. This latest acquisition is CB Insights' second this year, following on from their July 2020 acquisition of the assets of Dow Jones VentureSource.  Both transactions provide CB Insights' clients with proprietary data and intelligence that will allow them to both understand and ultimately, to make decisions about technology more quickly and confidently.

https://us1.campaign-archive.com/?u=0c60818e26ecdbe423a10ad2f&id=b98199c291

Clearlake Capital to Acquire Zywave from Aurora
Santa Monica, CA and Milwaukee, WI – 17th September 2020 – Clearlake Capital Group, L.P. has announced that it has signed a definitive agreement to acquire software-as-a-service (SaaS) provider of front office insurance solutions, Zywave, Inc, from Aurora Capital Partners. The Company will continue to be led by Jason Liu, Chief Executive Officer, and the current management team, who are investing alongside Clearlake in the transaction. Financial terms were not disclosed. Zywave is a provider of cloud-based insurance distribution software, offering expansive digital solutions to strengthen and grow insurance businesses. The Company’s mission-critical software solutions help insurance brokerages manage customer relationships by streamlining sales and renewal processes, quote delivery, content generatio and data tracking and analytics. Zywave currently serves over 6,000 brokerages including all of the top 100 U.S. insurance firms. Mr Liu of Zywave, said: “This move will enable us to both accelerate our growth organically and increase our pace of acquisitions moving forward. Zywave is already a proven InsurTech leader, delivering end-to-end solutions to insurance professionals globally, and now we will have the opportunity to further expand upon our leadership position with even more impactful developments.”
https://www.zywave.com/news/clearlake-capital-to-acquire-zywave-from-aurora/

FLEETCOR to Acquire AFEX, a Leading Cross-Border Payments Provider
Atlanta – 17th September 2020 - FLEETCOR Technologies, Inc, a global business payments company, has announced it has signed a definitive agreement to acquire Associated Foreign Exchange (AFEX), a cross-border payment solutions provider. By acquiring AFEX, FLEETCOR will build upon its corporate payments line of business and strengthen its position as one of the largest business payments companies in the world. The transaction is expected to close in the first quarter of 2021, subject to regulatory approval and standard closing conditions. AFEX delivers simple and seamless cross border payment solutions that help small-and medium-sized businesses (SMBs) break down currency barriers to grow internationally. The company focuses on providing international accounts payables products for businesses typically underserved by banks. With more than 35,000 customers and over $22 billion in annual volume, AFEX is one of the world’s largest non-bank cross-border payment solution providers, processing global payments in more than 100 currencies. “AFEX is a terrific business, with revenues growing double digits over the last 3 years. Its large European and Asia Pacific client base complements our existing Cambridge cross-border business, which is more North America focused,” said Ron Clarke, Chairman and CEO of FLEETCOR.
https://www.fleetcor.com/news/fleetcor-to-acquire-afex-a-leading-cross-border-payments-provider/

Experience Management Company, Medallia, Acquires Behavioral Consumer Intelligence & Benchmarking Leader, Sense360
San Francisco, California – 14th September 2020 – Medallia, Inc, a global experience management company, has announced it has acquired Sense360, the next generation consumer insights platform. Sense360 provides always-on, consumer and competitive intelligence from buyer and non-buyer segments and answers pressing questions such as what is driving traffic, what are the growth opportunities in a specific market and which competitors are gaining share and why. Many industries are looking for ways to know and understand their customers, but lack direct consumer insights. By combining 5 billion consumer signals from business visits, transactions and feedback, Sense360 delivers comprehensive, real-time intelligence and industry-relevant benchmarks to help brands understand where, how, and why buyers and non-buyers spend their time and money. Founder and CEO of Sense360, Eli Portnoy, said, “Bringing our solutions together will create the comprehensive real-time insights that are acutely needed to make strategic decisions on how to grow the business at this moment.”   
https://www.medallia.com/press-release/experience-management-leader-medallia-acquires-behavioral-consumer-intelligence-benchmarking-leader-sense360/

Altair Acquires Ellexus and Univa
Troy, Michigan – 16th September 2020 Altair, a global technology company providing solutions in data analytics, product development and high-performance computing (HPC), has announced the acquisition of Ellexus, an input/output (I/O) analysis tool, which helps customers find and address issues quickly, improving speed accuracy and cloud readiness. Altair plans to integrate Ellexus’ software products, Mistral and Breeze, into the storage aware scheduling functionality of Altair PBS Works™. Explaining the acquisition rationale, James Scapa, Altair’s Chief Executive Officer and founder, said: "Altair continues to expand its reach and capabilities for HPC environments to support important modern workloads including for data analytics, AI and ADAS. The acquisition of Ellexus is particularly relevant in these domains as storage aware scheduling for big data applications is critical." On September 14th Altair also acquired Univa. The two companies’ combined solutions help optimize throughput and performance of applications, containers and services to help hundreds of companies manage thousands of applications and run billions of tasks every day to obtain actionable insights and achieve faster time-to-results.
https://www.altair.com/news/altair-acquires-ellexus
https://www.altair.com/news/altair-acquires-univa

Sectigo to Be Acquired by GI Partners
San Francisco and Roseland, NJ – 16th September 2020 – Sectigo, a provider of automated digital identity management and web security solutions, has announced a definitive agreement to be acquired by private investment firm, GI Partners. GI Partners will support the acceleration of Sectigo’s security innovations and growth as the company expands worldwide. Bill Holtz, Chief Executive Officer of Sectigo, said, “It has been a pleasure partnering with the Francisco Partners team over the past few years and we look forward to working with GI Partners as we write the next chapter of Sectigo’s story. The GI Partners team has a strong track record of helping technology companies expand through organic growth acceleration, M&A, and investments to support innovation. We have built a strong foundation as a leader in the cybersecurity market and are excited to work with GI Partners to continue delivering value to our customers and partners through automation, products, and acquisitions.”
https://sectigo.com/resource-library/sectigo-to-be-acquired-by-gi-partners

SitusAMC Completes Acquisition of Cohen Financial's Servicing & Asset Management Platform from Truist
New York, NY – 18th September 2020 – SitusAMC Holdings Corp, provider of services and technologies to the real estate finance industry, has acquired the third-party loan servicing and asset management platform of Cohen Financial, a division of Truist Financial Corporation. The acquisition, which includes Cohen’s servicing and asset management clients and 120+ employees, expands SitusAMC’s U.S. primary servicing, asset management and special servicing portfolio to approximately 10,000 loans representing more than $130 billion in total unpaid principal balances. Truist will retain Cohen’s Debt Advisory & Placement platform which it will migrate under the Grandbridge brand. Truist will remain a key banking partner for SitusAMC and its servicing clients. SitusAMC will integrate the Cohen servicing and asset management platform, employees and brand into its Servicing & Asset Management group.
https://www.situsamc.com/news/situsamc-closes-acquisition-cohen-financials-servicing-asset-management-platform-truist

SitusAMC Adds ComplianceEase Software to Growing Technology Portfolio
New York, NY – 15th September 2020 – SitusAMC Holdings Corp, a prominent provider of services and technologies to the real estate finance industry, has acquired LogicEase Solutions Inc, the parent company of residential regulatory compliance technology provider ComplianceEase®. The acquisition adds automated compliance software ComplianceAnalyzer® and TRID MonitorTM  to SitusAMC’s growing technology portfolio. The ComplianceEase management team will be retained by SitusAMC. ComplianceEase will operate as a wholly owned subsidiary of SitusAMC with no planned changes to existing staff or operations. SitusAMC CEO, Michael Franco, commented, “This acquisition is an important step in our goal of bringing greater automation and transparency to the residential market. The combination of the ComplianceEase product set and our existing technologies enhances our position as a leading technology provider for the mortgage industry. Clients that fully participate in our ecosystem of solutions will ultimately be able to reduce secondary market trading diligence from days to minutes.”
https://www.situsamc.com/news/situsamc-adds-complianceease-software-growing-technology-portfolio

Infosys to Acquire GuideVision for $30 Million
Bengaluru, India and Prague, Czech Republic – 14th September 2020 – Infosys, a global, next-generation digital services and consulting, has announced a definitive agreement to acquire GuideVision, one of the largest ServiceNow Elite Partners in Europe. GuideVision is an award-winning enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support on the ServiceNow platform. Commenting on the acquisition, Ravi Kumar, President, Infosys, said, “This acquisition is an important milestone in our journey to build capabilities relevant to the digital priorities of our clients. This move reaffirms our commitment to the growing ServiceNow ecosystem. The combination of scalable and agile nearshore capabilities of GuideVision in Europe, and their unmatched delivery excellence, complements our own effort to help global enterprises navigate their next. We are excited to welcome GuideVision and its leadership team into the Infosys family.”
https://www.infosys.com/newsroom/press-releases/2020/acquire-enterprise-service-management-consultancy.html

NVIDIA Acquires Arm for $40 Billion, Creating Premier Computing Company for the Age of AI
Cambridge, UK - 13th September 2020 - NVIDIA and SoftBank Group Corp. (SBG) have announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund in a transaction valued at $40 billion. The combination brings together NVIDIA’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. SoftBank will remain committed to Arm’s long-term success through its ownership stake in NVIDIA, expected to be under 10 percent. Founder and CEO of NVIDIA, Jensen Huang, commented: “AI is the most powerful technology force of our time and has launched a new wave of computing. In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people. Our combination will create a company fabulously positioned for the age of AI.
https://nvidianews.nvidia.com/news/nvidia-to-acquire-arm-for-40-billion-creating-worlds-premier-computing-company-for-the-age-of-ai?nvid=nv-int-cwmfg-31052#cid=gnl_nv-int-cwmfg_en-gb

Wolters Kluwer to Acquire XCM Solutions
Alphen aan den Rijn, Netherlands - 14th September 2020 - Wolters Kluwer Tax & Accounting has announced that it has entered into an agreement to acquire XCM Solutions, a cloud-based workflow solutions provider for professional tax and accounting firms. The acquisition offers integration opportunities with CCH® Axcess™, Wolters Kluwer’s cloud-based software suite for professional firms in North America. Wolters Kluwer Tax & Accounting North America has had a longstanding strategic partnership with XCM Solutions since 2006, enabling firms to integrate XCM workflow tools with CCH® ProSystem fx® on-premise software and, since 2012, with CCH Axcess, our cloud-based, modular software platform. Wolters Kluwer and XCM share a common approach to providing innovative, cloud-based solutions that drive productivity for customers.
https://www.wolterskluwer.com/en/news/wolters-kluwer-to-acquire-xcm-solutions

18 September 2020