Marvell Technology Group, a Bermuda-based infrastructure semiconductor solutions provider, has agreed to acquire US semiconductor company Inphi in a cash-cum-stock deal worth $10 billion. Post-acquisition, Marvell Technology Group plans to domicile the enlarged company in the US, which will have an enterprise value of about $40 billion. Inphi’s high-speed data interconnect platform uniquely suited to […]
Lendesk Technologies, a fintech provider for Canadian mortgage industry professionals, has acquired Finmo Financial Technologies, a digital mortgage origination provider based in Calgary. The financial terms of the deal were not disclosed. Finmo Financial Technologies is said to help mortgage professionals in offering a truly digital experience to their clients. The company’s Smart Docs algorithms […]
SK Hynix, a South Korean semiconductor company, has agreed to acquire Intel’s NAND memory and storage business for $9 billion. The deal includes the NAND SSD business, the NAND component, and wafer business, along with the Dalian NAND memory manufacturing facility in China. However, Intel will retain its Intel Optane business. SK Hynix by acquiring […]
Funds managed by CapVest Partners, a private equity firm, has signed an agreement to acquire Minneapolis-based SaaS provider Datasite for an undisclosed price. Datasite caters to the mergers and acquisitions (M&A) industry. The company has a workforce of over 750 employees across 25 locations in 13 countries. The SaaS provider is said to have garnered […]
Capita has bagged a five-year contract worth £788k from North Wales Fire and Rescue Service (NWFRS) to support its transition to the latest emergency services network (ESN) with its DS3000 integrated communication control system. According to the UK-based business process outsourcing company, the DS3000 software solution will help North Wales Fire and Rescue Service in […]
Boxlight, a US-based provider of interactive technology solutions for the education market, has acquired Sahara Presentation Systems, a UK-based provider of distributed and manufactured AV solutions, for $95 million. Sahara Presentation Systems manufactures touchscreens and digital signage products, which include the Clevertouch and Sedao brands. The company, which was founded in 1976 by Kevin Batley […]
iPipeline, a US-based provider of cloud-based software solutions for the life insurance and financial services sectors, has acquired Impact Financial Systems (IFS), an automation solutions provider for client onboarding, asset movement, maintenance, and advisor transitions. iPipeline said that the acquisition enables it to simplify and automate business activities further and boost efficiency for advisors working […]
ASG LegalTech, a portfolio firm of Alpine Investors, has acquired California-based Headnote, an online payments platform that offers compliant ePayments and AR management for law companies of all sizes. The financial terms of the deal were not revealed. Established in 2016 by Sarah Schaaf, Thornton Schaaf, and Matt Crampton, Headnote is backed by investors such […]
Klarna, a Swedish fintech company, which serves as an e-commerce payment solutions platform for merchants and shoppers, has pocketed $650 million in a new funding round, to further speed up its global expansion. Technology investor Silver Lake led the funding round which has almost doubled the valuation of the fully licensed Swedish bank to $10.65 […]
AGC Networks, an IT service management company, has completed its previously announced acquisition of Pyrios Pty Limited (Australia) and Pyrios Limited (New Zealand) through its indirect subsidiaries Black Box Networks Services Australia and Black Box Networks Services New Zealand, respectively. Financial terms of the deal were not disclosed. Pyrios is said to have expertise in […]