Category: M&A
Dating juggernaut Match buys Seoul-based Hyperconnect for $1.73B, its biggest acquisition ever
In a large win for the Korean startup ecosystem, dating powerhouse Match Group announced this afternoon that it would buy social networking company Hyperconnect for a combined cash and stock deal valued at $1.73 billion. Hyperconnect, which is projected to have $200 million in revenue in 2020 (up 50% from…
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Container security acquisitions increase as companies accelerate shift to cloud
Last week, another container security startup came off the board when Rapid7 bought Alcide for $50 million. The purchase is part of a broader trend in which larger companies are buying up cloud-native security startups at a rapid clip. But why is there so much M&A action in this space…
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Rapid7 acquires Kubernetes security startup Alcide for $50M
Rapid7, the Boston-based security operations company, has been making moves into the cloud recently and this morning it announced that it has acquired Kubernetes security startup Alcide for $50 million. As the world shifts to cloud native using Kubernetes to manage containerized workloads, it’s tricky ensuring that the containers are…
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Uber’s Autocab acquisition gets eyed by UK competition watchdog
Uber’s plan to acquire Autocab, a maker of SaaS for booking and dispatch software for the taxi and private hire vehicle industry which also operates a global trip marketplace for taxis and PHVs (iGo), is being looked at by the UK’s competition watchdog — which announced the launch of an…
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Drupal’s journey from dorm-room project to billion-dollar exit
Twenty years ago Drupal and Acquia founder Dries Buytaert was a college student at the University of Antwerp. He wanted to put his burgeoning programming skills to work by building a communications tool for his dorm. That simple idea evolved over time into the open-source Drupal web content management system,…
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Wattpad, the storytelling platform, is selling to South Korea’s Naver for $600 million
Wattpad, the 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired by Naver, the South Korean conglomerate, in a $600 million cash-and-stock deal. Naver plans to incorporate at least part of the business into another of its holdings, the publishing platform Webtoon, which Naver…
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