E2open (NYSE:ETWO) Acquires BluJay Solutions Transaction Overview On May 27th, 2021, E2open Parent Holdings, Inc. acquired BluJay Solutions, a leading cloud-based logistics execution platform provider for $1.7B. E2open is a B2B cloud-based and end-to-end supply chain management SaaS platform provider. The software allows enterprises to optimize supply chain channels by using networks, data, and applications,…
OSF Digital Announces $43 Million in New Funding Transaction Overview On May 12, 2021, OSF Digital, an independent Salesforce Platinum consulting partner with global multi-cloud and B2B commerce capabilities, announced it had received a $43m investment led by existing investor Delta-v Capital. Existing investor Salesforce Ventures also participated in this round, and personal investments were…
Blackstone to acquire additional stake in Mphasis Transaction Overview On April 26, 2021, Blackstone announced its offer to acquire an additional 26% stake in Mphasis for $1.1 billion. This acquisition followed an earlier investment in 2016 wherein Blackstone acquired a 60.5% equity interest in Mphasis from Hewlett Packard to capitalize on the high growth potential…
Microsoft acquires Nuance Transaction Overview On April 12, 2021, Microsoft announced its acquisition of Nuance Communication, a speech-to-text recognition software provider which uses artificial intelligence. Through this acquisition Microsoft can enhance its industry-focused cloud strategy, adding new AI capabilities across healthcare and other industries. TBP’s analysis on Conversational AI in Healthcare The COVID-19 pandemic is…
Hitachi acquires GlobalLogic Transaction Overview On March 31, 2021, Hitachi announced its acquisition of GlobalLogic for $9.6B to accelerate digital transformation services and provide better IT solutions across its five industry sector verticals (Energy, Mobility, IT, Smart Solutions, Automation system business) Hitachi’s growth strategy is heavily reliant on inorganic growth to improve capital efficiency and…
Panasonic Acquires Blue Yonder Transaction Overview On April 23, 2021, Panasonic agreed to buy the remaining 80% of shares of Blue Yonder for $5.6 billion and repay existing outstanding debt of Blue Yonder. Panasonic originally acquired a 20% stake in Blue Yonder back in July 2020. Blue Yonder is a digital fulfillment platform provider whose…
Fourkites Secures $100M in Series D Funding Transaction Overview On March 19, 2021, end to end supply chain visibility provider FourKites raised $100M in series D financing, led by THL, with participation from Qualcomm Ventures, Volvo Group Venture Capital AB, and Zebra Technologies. With its new investors, FourKites is now ready to fuel a broader…
Togetherwork acquires Fonteva Transaction Overview On February 10, 2021, leader of group management software and payments solutions Togetherworks announced its acquisition of Fonteva, a Salesforce.com native and leading provider of cloud-based membership and events management software. GI Partners is the financial sponsor of Togetherworks. Togetherwork’s acquisition of Fonteva brings deep Salesforce expertise to enhance product…
IBM Acquires 7Summits Transaction Overview On January 11th, 2021, NYSE:IBM announced its acquisition of 7Summits, an independent Salesforce Platinum Consulting Partner specialized in delivering transformative digital experiences. Notably, 7Summits is part of IBM’s broader investment strategy focused on Salesforce ecosystem-focused services providers. Growth Through Acquisition– the Salesforce Ecosystem Remains Robust IBM launched its Salesforce consulting…
Enquero Acquired by Genpact (NYSE: G) Transaction Overview On January 5, 2021 Genpact (NYSE: G) announced its acquisition of TBP client, Enquero, Inc. Enquero is a global technology solutions company that has a unique approach to leverage its IP and deliver data driven digital transformation. Genpact (NYSE: G) is a global professional services firm focused…
ProcessWeaver Acquired by Elemica Transaction Overview On December 16, 2020 Elemica announced its acquisition of TBP client, ProcessWeaver. ProcessWeaver is the leading first-to-final mile multi-carrier parcel Transportation Management System (TMS) solution provider. The company offers a digital platform that extends native ERP cloud transportation and logistics functionality. Elemica is the world’s leading digital supply chain…
Accenture Acquires N3 Transaction Overview On September 22, 2020, Accenture (NYSE: ACN) announced its acquisition of N3, an Atlanta-based IT firm that provides technology-based inside sales services (customer success, digital demand generation, pipeline management) and consulting services (marketing automation, global sales platform integrations, cloud migration deployment) The acquisition adds approximately 2,200 employees to Accenture, while…
Observe.ai Receives $54m in Series B Financing Transaction Details On September 15, 2020, Observe.ai, a startup developing AI-powered call center software, announced its $54m Series B financing Menlo Ventures led the Series B round, with participation from Next47 Ventures and NGP Capital. This week’s announcement raises Observe.ai’s total funding to $88m, following a $26m funding…
Salesforce.com (SFDC) Q2 FY21 Earnings Call: Key Takeaways Financials Enterprise Value: $191.2 billion Annualized Recurring Revenue (ARR): $19.4 billion Enterprise Value / LTM Revenue: 9.5x YoY Growth Rate: 31.6% Enterprise Value / ARR: 9.9x Gross Margin: 74.5% Despite the COVID -19 pandemic, Salesforce just posted its best-ever quarter Milestones include its first-ever $5B quarter (29%…
Endava Acquires ComTrade Digital Services Transaction Overview On August 17, 2020, Endava, a provider of agile transformation services, announced its acquisition of ComTrade Digital Services (CDS), formerly a division of UK-based ComTrade Group. Headquartered in Dublin, Ireland, CDS is a provider of software engineering services and solutions including cloud, customer experience & design, digital security,…
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