Tag: M&A
Salesforce grabs Vlocity for $1.33B, a startup with $1B valuation
It’s been a big news day for Salesforce . It announced that co-CEO Keith Block would be stepping down, and that it had acquired Vlocity for $1.33 billion in an all-cash deal. It’s no coincidence that Salesforce targeted this startup. It’s a firm that builds six industry-specific CRMs on top…
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Checkout.com acquires payment optimization startup ProcessOut
Checkout.com, the quiet London-based payment platform, has acquired its first startup, ProcessOut. Checkout.com surprised everyone last year when it announced a gigantic $230 million Series A round. It turns out the payment processing boom is not over yet. Checkout.com focuses on enterprise clients with customers all around the world. It…
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HP offers its investors billions in shareholder returns to avoid a Xerox tie-up
To ward off a hostile takeover bid by Xerox, which is a much smaller company, HP (not to be confused with Hewlett Packard Enterprise, a separate public company) is promising its investors billions and billions of dollars. All investors have to do to get the goods is reject the Xerox…
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Twitter acquires Stories template maker Chroma Labs
Is “Twitter Stories” on the way? Or will we just get tools to send prettier tweets? Well now Twitter has the talent for both as it’s just acquired Chroma Labs. Co-founded by Instagram Boomerang inventor John Barnett, Chroma Labs’ Chroma Stories app let you fill in stylish layout templates and…
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Dell sells RSA to consortium led by Symphony Technology Group for over $2B
Dell Technologies announced today that it was selling legacy security firm RSA for $2.075 billion to a consortium of investors led by Symphony Technology Group. Other investors include Ontario Teachers’ Pension Plan Board and AlpInvest Partners. RSA came to Dell when it bought EMC for $67 billion in 2015. EMC…
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Startup buys startup: PullRequest snags remote developer hiring platform Moonlight
PullRequest, a startup that provides code review as a service, announced today that it was buying Moonlight, an early-stage startup that has built an online platform for hiring remote developers. The companies did not share the terms. Lyal Avery, founder and CEO at PullRequest, says that he bought this company…
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