Tuesday, February 11

Tag: acquisition

Eight years after selling AppDynamics to Cisco, Jyoti Bansal is pursuing an unusual merger
General

Eight years after selling AppDynamics to Cisco, Jyoti Bansal is pursuing an unusual merger

Jyoti Bansal, co-founder and CEO of startup Harness.HarnessJyoti Bansal knows about weird acquisitions.Eight years ago, his software company, AppDynamics, was on the doorstep of a blockbuster initial public offering. A day before the offering, Cisco swooped in and bought the company for $3.7 billion.Now Bansal is at the center of an equally unconventional combination.Since 2020, Bansal has been running two startups as co-founder and CEO: Harness and Traceable. The former's technology helps companies manage code and the latter's software observes where companies are unintentionally letting out sensitive data.Late this month or early next, Harness and Traceable will merge. The resulting company will have 1,100 employees, $250 million in expected 2025 annualized revenue, a 50% growth rate and...
Extended Stay America Premier Suites in Bradenton, FL Sold
General

Extended Stay America Premier Suites in Bradenton, FL Sold

Extended Stay America Premier Suites in Bradenton, FL - Image Credit Extended Stay America    Sandpiper, LLC has solidified its presence in Florida with the acquisition of the Extended Stay America Premier Suites in Bradenton. This location benefits from significant population growth and a strategic position in the Gulf Coast. Sandpiper, LLC, a Virginia-based real estate organization, has announced its acquisition of the Extended Stay America Premier Suites in Bradenton, Florida. This area, part of the North Port-Sarasota-Bradenton Metropolitan Statistical Area, has experienced a notable population growth of 23.7% over the past decade. The hotel opened its doors in January and offers 124 rooms, each equipped with a kitchen, free WiFi, and complimentary...
Dark Horse Comics Confirms Layoffs
Entertainment

Dark Horse Comics Confirms Layoffs

posted on 2025-02-06 10:15 EST by Rafael Antonio Pineda Layoffs follow split of parent Embracer Group into 3 companies in April 2024 © Dark Horse Comics LLCDark Horse Comics announced on Tuesday through a statement given to The Beat website that it has begun laying off staff positions as of Monday earlier this week, but did not comment on how many positions or who it has laid off. Dark Horse stated that it is responding to "increasing overhead, changing market conditions, and external economic factors."Dark Horse made the statement after Konner Knudsen, one of its associate editors, announced on their Bluesky account that they were laid off. Dark Horse is part of the split by conglomerate Embracer Group in April last year into thre...
BlueBet Acquires TopSport Via Binding Asset Agreement
Entertainment

BlueBet Acquires TopSport Via Binding Asset Agreement

ASX-listed global online wagering provider and sportsbook BlueBet has officially announced its acquisition of TopSport through a binding asset sale agreement.  This news marks a significant move expected to strengthen BlueBet’s position in the Australian wagering market. At the end of August 2024, BlueBet announced its plan to exit the U.S. market and exclusively focus on expanding in Australia.  BlueBet to Grab Up to 15% of the Australian Market The deal, valued at an upfront AU$10 million ($6.27 million), includes key TopSport assets such as its customer database, brand, intellectual property, and material contracts owned by parent company Merlehan Booking Pty Ltd. The acquisition is expected to propel BlueBet towards its goal of capturing between 10% and 15% of the Australia...
Semler Scientific Buys 871 More Bitcoin, Enters Top 10 Corporate Holders
Business

Semler Scientific Buys 871 More Bitcoin, Enters Top 10 Corporate Holders

Key Takeaways: With the acquisition of 871 additional Bitcoin, Semler Scientific has become one of the top 10 corporate Bitcoin holders, with a total of 3,192 BTC. The company’s Bitcoin strategy has had an impressive start, with returns surpassing 150% since its inception. This move positions Semler Scientific as one of the leading corporate adopters of Bitcoin as a treasury asset. Introduction: Semler Scientific’s Bold Bitcoin Move Semler Scientific (NASDAQ: SMLR), a healthcare technology company that provides tools for diagnosing and treating chronic diseases, has surged in the tech and crypto communities through its grand Bitcoin strategy. Amid financial situations such as the increase in inflation and the rise in economic uncertainty, Semler has identified Bitcoin as more than just a...
Coinbase Acquires Spindl: Revolutionizing Onchain Discovery for Builders
Business

Coinbase Acquires Spindl: Revolutionizing Onchain Discovery for Builders

Key Takeaways: Coinbase has acquired Spindl to solve the “onchain discovery” issue of developers on its Base network. Spindl, a specialist in onchain advertising, brings the concept of builders getting what they need to grow on the blockchain to life. This action reinforces Coinbase’s commitment to a fair, open, and inclusive ecosystem for onchain applications. The well-known cryptocurrency exchange Coinbase has taken a major step by acquiring Spindl, an onchain advertising and infrastructure platform, to enhance app visibility on its Ethereum layer-2 network, Base. This acquisition directly addresses the challenge many developers face—ensuring their applications gain visibility in an increasingly crowded market. In a statement released on January 31st in 2025, Coinbase stated that Spind...
National Equipment Dealers, LLC Expands into Atlanta, Georgia Market with the Acquisition of L & N Supply Company Inc.
Business

National Equipment Dealers, LLC Expands into Atlanta, Georgia Market with the Acquisition of L & N Supply Company Inc.

NEWS RELEASE – September 15, 2022 On September 15th, 2022, National Equipment Dealers, LLC [NED] finalized its acquisition of L & N Supply Company, a family-owned heavy equipment distributor located near Atlanta in Dallas, Georgia. L & N Supply Company earned a strong reputation for servicing customers throughout Georgia over the past 32 plus years. Established in 1990 by Jimmie Brian Long, L & N Supply Company Inc. began as a distributor of ground engaging tools and undercarriage components. Over the years the company grew to represent several major heavy equipment manufacturers, some of which are also represented by NED like Manitou, Mustang, Werk Brau, & Connect Work Tools. As NED continued to seek out new strategic growth opportunities throughout the southeastern United States, L & N S...
TravelPerk raises $200M, purchases Swiss invest management leader Yokoy
Technology

TravelPerk raises $200M, purchases Swiss invest management leader Yokoy

Spanish tech star TravelPerk has actually raised a massive $200mn and sealed the acquisition of expenditures platform Yokoy. The financial investment worths TravelPerk at $2.7 bn-- practically double in 2015's $1.4 bn appraisal. Business travel giant stated the funds would sustain even more item advancement and growth into the United States. European VC company Atomico led the Series E financial investment. Along with the money injection, TravelPerk revealed the purchase of Yokoy, a Swiss start-up that's ended up being a market leader in expenditure management. TravelPerk will now incorporate Yokoy into one automated platform for travel and costs. "Customers do not need to jeopardize any longer," stated JC Taunay-Bucalo, TravelPerk's president and COO. "Now, they can have the very best tra...
EDF Renewables closes down French PV producer Photowatt
General

EDF Renewables closes down French PV producer Photowatt

Newest French start-up Carbon looked for a contract with EDF Renewables last September to get Photowatt. Image: Photowatt. French energy giant EDF Renewables has actually closed its solar production subsidiary Photowatt. The energy huge looked for a contract with Carbon, a French PV production start-up, last September, nevertheless the offer failed and no other purchasers emerged. According to news company Agence France-Presse (AFP), pointing out an EDF Renewables representative, "the choice selected by management was to close the business".This post needs Premium SubscriptionBasic (FREE) Subscription Open unrestricted gain access to for 12 entire months of distinct worldwide analysis Photovoltaics International is now consisted of. Routine insight and analysis ...
Soundstripe Acquires Innovative Sync Licensing Startup The Rights
Entertainment

Soundstripe Acquires Innovative Sync Licensing Startup The Rights

Soundstripe, the Nashville-based music licensing option for creatives, firms, and brand names, has actually obtained The Rights, an innovation start-up established in 2021, to improve the sync licensing procedure for music labels, publishers, and managers. The acquisition will assist Soundstripe accelerate its advancement of the music market's most robust click-to-license platform, slated to introduce in the very first half of 2025. Established by music tech market veterans Tres Williams and Keatly Haldeman, The Rights has actually developed an ingenious innovation platform that streamlines and automates the difficult procedure of satisfying sync licensing demands. The platform likewise supplies tools for rights holders to set prices and safe approvals from several celebrations in a single...