March M&As in the World of Tech


As usual in the end of each month we post a list of the most noticeable technology company acquisitions.
The first day of March was rich in M&As. The first name of the company is those who acquired and the second one is who was acquired correspondingly. Let’s start with e-Zest Solutions.

e-Zest Solutions and SmarterMe
Digital Transformation leader e-Zest Solutions acquired SmarterMe, a personal assistant for sales powered by an intelligent mobile platform. The company did not disclose the valuation of the deal, but claimed it was an all-cash transaction.

Digi117 and GOWIDE 
Digi117, a Canada-based IT company, announced the acquisition of GOWIDE ? digital advertising and innovative technologies firm for $2.5 million. The deal promises to provide much more effective and successful software engineering services to businesses in Canada and worldwide.

Kraken and Cryptowatch
One of the largest cryptocurrency trading venues in the world has bought charting and trading platform Cryptowatch. Let us remind that last year Kraken acquired three major bitcoin exchanges as well as the bitcoin wallet funding service Glidera.

Udacity and CloudLabs
CloudLabs, a small shop building interactive coding environments that let groups collaboratively code from within their browsers has been acquired by educational organization that offers massive open online courses. For Udacity it was the very first deal of this kind.

Smart City and AppBurst
Smart City Holdings, a leading telecommunications and technology services provider for the convention industry has acquired AppBurst, a mobile app company founded in 2009 and headquartered in Florida that specializes in developing mobile applications for the event and conference industry. The deal shall allow providing a higher level of support to Smart City’s clients.

Alibaba Group Holding and Paytm E-Commerce
The world's largest e-commerce corporation Alibaba raised its stake in the Indian mobile payment and e-commerce company Paytm E-Commerce from current 40% to 70% and became its largest stockholder. With its 200 million client base, Paytm is going to provide a big boost to Alibaba's e-commerce initiatives in India, what may escalate conflicts with Amazon. The price of the deal is $177 million. This investment will further expand Alibaba Group’s global footprint to India’s flourishing mobile commerce market.

Giphy and imoji
GIF-finding platform Giphy announced acquisition of startup imoji, a popular platform for creators to build and distribute custom-made stickers and emoji. Terms of the deal, which has been completed in the end of last year were not disclosed. Moreover the deal itself was in strict confidence.

Sega Europe and Crytek Black Sea
Crytek Black Sea established in 2008 and acquired by Sega Europe will now be called Creative Assembly Sofia and will be working on a number of unannounced projects. With the addition thereof, the global Creative Assembly team has reportedly grown to over 500 people.

MeetMe and If(we)
Public market leader for social discovery MeetMe acquired If(we), a social and mobile technology company for $60.0 million in cash. This deal confirms MeetMe’s strategy to take up the largest mobile portfolio of brands for meeting new people and increase its profits. Meetme Inc - Skout's co-founder and CTO Niklas Lindstrom has joined MeetMe as chief technology officer. The deal is expected to close in the second quarter of this year.

Spotify and Sonalytic
Swedish music streaming service Spotify acquires audio detection startup Sonalytic. With the technology of detecting music, sounds, songs and mixed content the company buys a track copyright-protected material, and aid in music discovery. Spotify promised its users to launch new products soon thanks to Sonalytics’s help.
Deal terms were not revealed and Sonalytic declined to comment.

Google and Kaggle
At the Cloud Next conference Google announced acquisition of Kaggle, a platform that hosts data science and machine learning competitions. With hundreds of thousands of data scientists on the platform, the deal would give Google the immediate ability to broaden its reach within the AI community. It shows the desire of Google to broaden its focus to further dominance in AI. What is more, Kaggle’s team will stay together, and Kaggle will keep operating and running competitions ? as a distinct brand under the Google Cloud. The price of acquisition was unrevealed. 

Pinterest and Jelly
The startup Jelly established by Twitter co-founders in 2014 and Q&A app that lets people ask questions and get crowdsourced replies from their friends and friends of friends is now a part of Pinterest. Extensive details are unknown.

Google and AppBridge
Not only Kaggle has been acquired by Google last month. AppBridge, the company that develops applications to help enterprices migrate to G Suite (formerly Google Apps) and Google Drive became one of Google’s acquisitions, too. The company was already a good Google partner, and it was decided to bring it in-house. The financial details of the transaction were not disclosed.

Fave and Groupon Singapore
Fave, an online-to-offline (O2O) e-commerce market firm from Southeast Asia, has acquired deals and discounts platform Groupon Singapore. Previously, Groupon Malaysia has been fully integrated into Fave, while Groupon Indonesia is expected to be integrated in the coming months. Groupon Singapore will do the same by mid-2017. 

Intel and Mobileye 
Intel has recently bought Israeli driverless technology firm Mobileye for $15.3 billion. The deal became the largest acquisition of an Israeli high-tech company ever. The companies are already collaborating with BMW on a project to put a fleet of around 40 self-driving test vehicles on the road. It is expected that by means of this acquisition Intel will deliver a fifth-generation of chips that aim to be used in fully autonomous vehicles around 2021.

GitLab and Gitter
Software chat startup Gitter and a startup that provides open source and premium source code repository software that people use to collaborate on software ? GitLab are now a one company. Over the coming months, Gitter will be integrating deeper with GitLab. Andrew Newdigate, CTO and cofounder of Gitter seems to be very excited about the deal what is confirmed by his latter post in Gitter’s blog.

Alibaba and Damai
As you see, Alibaba is rather active in acquisitions in March. On 21st of March Alibaba has fully acquired online ticketing giant Damai provides over 10,000 ticket ordering services for concerts, drama and sports events with a domestic market share of over 70%. Integration with Damai marks further push of the company into entertainment. Alibaba paid $134 million for the deal.

Amazon and
We have posted an article about Amazon and Souq merger recently. Let us remind that Dubai-based e-commerce marketplace has been acquired by Amazon, which is eager to expand its presence in the Middle East. Reportedly the deal was valued at around $650 million and became the largest of its type in the region.

Qiwi and Flocktory
Russian electronic payments operator Qiwi is buying the Russian startup Flocktory, which produces SaaS software for customer management and creates automated marketing solutions for e-commerce, media and financial industries. Qiwi paid for Flocktory around $14 million.

Apple and Workflow
A powerful automation tool for iPad and iPhone Workflow has been acquired by Apple on 23rd of March. Financial details for the deal were not disclosed. The popular iOS was highly praised by its users and Apple itself, which awarded its developers with a design award two years ago. Workflow will continue to be available on the App Store, what is unusual to Apple standards. Moreover since now it will free to download.

Software AG and Cumulocity
Software AG now integrates the IT world by acquiring Cumulocity that provides a comprehensive IoT cloud platform for integrating networked devices. With this acquisition Software AG wants to strengthen its leading position in the IoT market following the successful acquisition of the AI company Zementis in December 2016. Financial details of the transaction were not revealed.

Oracle and Webtrends’ Infinity
Our list of acquisitions of March is closing Oracle that bought Infinity Platform assets from Webtrends. Webtrends launched its Infinity technology in 2016, representing push into a new generation of "big data" analytics software to help corporations track online activity. The deal didn’t include other products and services of Webtrends. Neither party disclosed the purchase price.

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