Mergers and Acquisitions (M&A) stories

Swoop has made a non-binding offer to acquire Vonex, outbidding MaxoTel’s June scheme with a $0.040 per share proposal, aiming to create a national telecom giant.

Hybrid Anchor, based in Coatbridge, has acquired Edinburgh tech support firm Off Canvas, creating 40 jobs over three years amid its expansion strategy.

Veeam Software has topped Gartner's 2024 Enterprise Backup and Recovery Software market with a 15.1% share and USD $1.5 billion in revenue.

Yariv Dafna, with nearly 20 years of finance and business management experience, joins Infobip as CFO to help drive the company's continued growth.

AMD to acquire ZT Systems for USD $4.9 billion, enhancing its AI strategy and data centre capabilities. The deal, featuring contingent payments, closes H1 2025.

HSO, expanding its global footprint in AI, acquires New Zealand-based Aware Group to enhance its business-relevant AI solutions using Microsoft Cloud technology.

Directed Technologies acquires Sofihub to bolster fleet safety solutions and expand into assisted living tech, enhancing services for fleet managers and vulnerable users.

Zendesk appoints AI strategy expert Lila Tretikov to its Board of Directors, enhancing the company's focus on leveraging AI to boost customer experience.

Spinnaker Support launches global third-party support for VMware following Broadcom's acquisition and the shift to a costly subscription model.

ECI Software Solutions has acquired ProfitKey International to boost its ERP offerings for discrete manufacturers. Financial terms weren't disclosed.

IntelligenceBank acquires Red Marker to bolster AI-driven marketing compliance, aiming to slash regulatory fines and speed time to market for global brands.

DLA Piper has promoted Edward Eisdell-Moore and Kate Rogers to Special Counsel, while Mary McCartin has been elevated to Senior Associate, acknowledging their exemplary contributions.

Analytic Partners has acquired UK-based Magic Numbers to boost its presence in the UK and EMEA markets. The move aims to integrate their analytics expertise and enhance global outreach.

Tricentis has acquired SeaLights to boost AI-powered quality engineering, enhancing insights into code and test integrations in the CI/CD pipeline.

Broadcom's acquisition of VMware has led to increased costs and operational hurdles for nearly 70% of users, pushing many to consider alternative cloud providers.

IFS acquires EmpowerMX, enhancing AI-driven aviation MRO solutions for major airlines. This merger promises bolstered capabilities, innovation, and industry leadership.

Atturra forecasts FY24 revenue to exceed AUD $240 million, up 35%, with EBITDA between AUD $25 million and AUD $26 million. Exent acquisition aims to boost consulting capabilities.

Salus Ventures has appointed Archie Judd to bolster its investment team, enhancing Australia's national resilience through deep technology.

Northern Data Group, in partnership with Supermicro, acquires NVIDIA H200 GPUs to boost its HPC and Generative AI capabilities. Deployment begins Q4 2024.

Excite Technology Services acquires CBIT Digital Forensic Services for AUD $14 million, enhancing its cyber security and digital forensics capabilities.