Read.cv, a social media platform for professionals that competed with LinkedIn, has been acquired by AI-powered search engine Perplexity. As part of the deal, Read.cv will begin to wind down operations Friday. Users will be able to export their data, including their profiles, posts, and messages, until May 16. “We’ve long admired Perplexity and believe…
Category: acquisition
acquisition, clearwater, clearwater analytics, enfusion, Enterprise, finance, Fintech, Fundraising, Global IT News, Global Security News, investment management, portfolio management
Clearwater agrees to buy investment management platform Enfusion for $1.5B
Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of…
acquisition, AI, cape analytics, Fintech, Fundraising, geospatial, Global IT News, Global Security News, insurance, Moody’s, Startups
Moody’s agrees to acquire Cape Analytics, which develops geospatial AI for insurance providers
Financial services firm Moody’s announced on Monday that it has agreed to acquire Cape Analytics, a geospatial AI startup, for an undisclosed sum. The deal, which is expected to close in Q1, subject to customary closing conditions, will give Moody’s access to Cape’s geospatial AI analytics technology for insurance underwriting. With the tech, Moody’s plans…
acquisition, canadian, Enterprise, Global IT News, Global Security News, it provider, M&A, Merger, purchase, softchoice, startup, tech provider, world wide technology, wwt
IT tech services firm WWT acquires Canadian IT provider Softchoice in all-cash deal
One last mega-deal closed out an eventful 2024. On Tuesday, World Wide Technology (WWT), a tech services company based in St. Louis, announced it has agreed to acquire Canadian IT provider Softchoice in a deal that values the latter at C$1.8 billion (~$1.25 billion). The deal, which is all-cash, was unanimously approved by Softchoice’s board,…
acquisition, AI, ai infrastructure, Global IT News, Global Security News, Hardware, In Brief, Merger, nvidia, Run:AI, Startups
Nvidia completes acquisition of AI infrastructure startup Run:ai
Nvidia has completed its acquisition of Run:ai, an Israeli startup that helps manage and optimize AI hardware infrastructure. As part of the merger, Run:ai said its software, which currently only works with Nvidia products, will be open sourced, meaning Nvidia rivals like AMD and Intel will be able to adapt it for their hardware. “We…
acquisition, antitrust, Cloud, CMA, Competition and Markets Authority, Enterprise, FTC, Global IT News, Global Security News, HashiCorp, IBM, In Brief, investigation, Merger, Software, takeover, uk
UK antitrust watchdog launches review of IBM’s HashiCorp takeover
The Competition and Markets Authority, the U.K.’s antitrust watchdog, has opened an investigation into whether IBM’s planned acquisition of cloud software vendor HashiCorp would affect competition. The CMA said Monday it was inviting comment on the merger from interested parties by January 16. The regulator set a provisional February 25 deadline to decide whether to…
acquisition, Arctic Wolf, BlackBerry, cyber, Cybersecurity, cylance, Enterprise, Funding, Global IT News, Global Security News, Security
BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018
Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million — a significant write-down from the $1.4 billion BlackBerry paid to acquire the company in 2018. Under the terms of the deal, which is expected to close in BlackBerry’s fiscal Q4, BlackBerry will sell its Cylance assets to Arctic Wolf for $160 million…