The first half of 2017 has seen over two thousand deals worth $588.5 billion, compared to $585.4 billion recorded in the same time period last year, in the United States. During this time, M&A activity within the technology sector has…
The first half of 2017 has seen over two thousand deals worth $588.5 billion, compared to $585.4 billion recorded in the same time period last year, in the United States. During this time, M&A activity within the technology sector has seen a marginal decline in deal volume. Deal activity has been cautious in Europe, given the political uncertainty in the region, with deals that feature European targets having fallen 39 percent in the first quarter of the year.
Tech buyers have focused on IoT, artificial intelligence, cloud computing and big data analytics. Some strategic buyers are also acquiring with the intention of taking on rapidly evolving markets, especially in retail. In this article we list some of the strategic acquisitions that have taken place over the past few weeks.
The Hut Group acquired Glossybox
British e-commerce company, The Hut Group (THG), announced the acquisition of Glossybox, a provider of ‘beauty box’ subscription services, from Kinnevik and Rocket Internet. Glossybox was founded in 2011, in Berlin. Customers of Glossybox subscribe to receive a box of beauty products on monthly basis. While financials of the transaction were not announced, the strategic acquisition will evidently enable THG’s growth in new markets, especially internationally.
Google acquired AIMatter
Venture-backed artificial intelligence startup, AIMatter, was acquired by Google. The startup, which was founded in Belarus, has built a neural network-based AI platform, and also, the photo and video editing app, Fabby. The app has seen over 2 million downloads. Financial terms of the transaction were not disclosed, TechCrunch reported. The report confirmed that Fabby will continue to run, and that AIMatter employees will join Google at the close of the deal.
Qualcomm acquired Scyfer
Qualcomm Technologies announced the report of artificial intelligence solutions provider, Scyfer. Scyfer B.V. is affiliated with the University of Amsterdam, and its acquisition by the semiconductor manufacturer will enable Qualcomm to implement AI on devices such as smartphones and cars. According a report by Fierce Wireless, AI implementation on end devices could ensure processing capability without a Wi-Fi connection, immediate response, increased privacy protection and an efficient use of network bandwidth.
Microsoft acquired Cycle Computing
Microsoft acquired Connecticut-based Cycle Computing, this week. Financial terms of the transaction were not announced. The company’s CycleCloud service, which provides software for orchestrating computing and storage resources in cloud environments, has supported three of the biggest cloud vendors, AWS, Google and Microsoft Azure.
To gain access to a wide selection of curated M&A deals in the technology sector from across the world, sign up for a free trial on BankerBay.