Topic: acquisition strategy
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Advent Partners Takes Majority Stake in Efex
Advent Partners has acquired a majority stake in efex, an Australian managed IT services provider, to support its expansion, enhance service offerings, and continue its strategic acquisition model under founder and CEO Nick Sheehan. efex serves 7,500 customers across Australia with a comprehensiv...
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OpenAI Buys AI Startup From Ex-Apple Engineers
OpenAI has acquired Software Applications Inc., a startup that develops AI-driven interfaces for Mac desktops, to enhance AI's role in everyday computing tasks. The acquisition includes integrating the startup's technology into ChatGPT and bringing on its entire team of around twelve employees, a...
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Codan's HR Chief on SAP Connect 2025: A Customer Spotlight
Codan's strategic implementation of SAP SuccessFactors has enabled them to manage rapid international growth, transitioning from a limited HR system to a comprehensive one that connects all employees as the company expanded from 250 to over 1,000 staff through acquisitions. At SAP Connect 2025, i...
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Veeam Buys Securiti AI in $1.7 Billion Data Security Deal
Veeam has acquired Securiti AI for $1.725 billion to enhance data management and protection, integrating its technology into Veeam's data resilience solutions by early December. The acquisition aligns with Veeam's strategy to expand its capabilities in data security and AI readiness, following a ...
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Fivetran and dbt Labs Merge in Major Data Infrastructure Shift
Fivetran and dbt Labs have merged in an all-stock deal to create an open data infrastructure platform that integrates data movement, transformation, and activation, aiming to simplify workflows and support various tools and AI models. The merger reinforces a commitment to open-source development,...
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Via Stock Rises Slightly Above IPO Price After Slow Start
Via's IPO was priced at $46 per share, raising $493 million, with shares closing above $49 and valuing the company at $3.9 billion. The company, which provides transit optimization software to 689 cities, plans to use IPO proceeds for growth initiatives and strategic acquisitions. Via has shown s...
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Canva Unleashes AI Design Tools and New Platform Features
Canva has launched a proprietary design model that creates fully editable layered designs across various formats, enhancing user control and creative flexibility. The platform introduced Canva Grow, a marketing tool combining AI-powered asset creation with analytics, and integrated features like ...
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Tenable Named #1 in Vulnerability Management
Tenable leads the global market in vulnerability and exposure management, driven by its integrated, AI-powered cybersecurity approach and the Tenable One platform. The platform consolidates data from over 300 tools, providing a unified view to prioritize risks and enable proactive threat preventi...
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STC & Saudi Aramco Partner on Digital Infrastructure Project
solutions by stc and Saudi Aramco have entered a five-year agreement to enhance Aramco's digital infrastructure through high-performance computing systems, supporting Saudi Arabia's technological self-reliance. The deal involves solutions by stc providing and maintaining advanced computing server...
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Splunk & Snowflake: Federated Search Without Data Movement
Splunk Federated Search for Snowflake enables unified queries across Splunk machine data and Snowflake business data without moving data or using ETL processes, enhancing analysis efficiency and security. Announced at Splunk .conf 25, this integration allows joint customers to perform cross-platf...
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Microsoft's Struggles With Game Studios Raise Concerns
Microsoft's gaming division faces significant challenges, including 9,000 layoffs and cancellations of high-profile projects like Everwild and Perfect Dark, revealing deeper studio management issues. The fallout extends to canceled games like Warcraft Rumble and unannounced projects, highlighting...
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Strava's IPO Plans Fueled by Gen Z Fitness Boom
Strava is planning an initial public offering to raise capital for acquisitions, backed by investors like Sequoia Capital and valued at $2.2 billion. The platform has grown to 50 million monthly active users, driven by increased app downloads and a trend toward alcohol-free social activities amon...
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Prezent Secures $30M to Acquire AI Services Firms, Starting with Founder's Other Company
Prezent has raised $30 million to pursue acquisitions, starting with Prezentium, enhancing its enterprise AI presentation platform and expanding its client base in the life sciences sector. The company differentiates itself by focusing on large corporate clients and embedding presentation enginee...
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Waymo to Launch London Robotaxi Service in 2026
Waymo will launch a commercial robotaxi service in London in 2026, pending regulatory approval, as part of its global expansion after Tokyo and recent US cities. The service will use all-electric Jaguar I-Pace vehicles, starting with human safety drivers and progressing to fully driverless operat...
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