acquisitions

Engineering Firm Confident in Acquisition of Face ID Laser Tech Provider Finisar Despite US-China Trade War

Engineering Firm Confident in Acquisition of Face ID Laser Tech Provider Finisar Despite US-China Trade War

US-based engineering firm II-VI is reassuring investors that its acquisition of Finisar should proceed as planned despite the US government’s placement of Huawei on its trade blacklist. The acquisition was approved by shareholders of both companies earlier this year, paving the way for a merger that could significantly extend the applications of Finisar’s 3D Sensing…

Thales Pursues Final Share Buyout with Gemalto to be Delisted May 29th

Thales Pursues Final Share Buyout with Gemalto to be Delisted May 29th

“Now, since it holds over 95 percent of Gemalto’s shares, Thales has been following through on its statutory obligation to buy out the remaining shares in order to attain a 100 percent shareholding.” Just a little over 97 percent of Gemalto shares have now been tendered to Thales‘ acquisition offer, the companies have announced. It’s…

Thales Formally Completes its Acquisition of Gemalto

Thales Formally Completes its Acquisition of Gemalto

After months of negotiations, Thales has finally completed its acquisition of Gemalto. The final price tag was €4.8 billion, and increases Thales’s revenues to €19 billion for 2018. “With Gemalto, Thales has acquired a set of highly complementary technologies and competencies with applications in all of our five vertical markets,” said Thales Chairman and CEO…

Gemalto Shareholders Accept Thales’ Acquisition Offer

Gemalto Shareholders Accept Thales’ Acquisition Offer

It’s official: Thales and Gemalto are merging. With the March 28th deadline for Gemalto shareholders to accept Thales’ acquisition offer now passed, the companies report that 85.58 percent of shares have been tendered, rendering the deal unconditional. As of April 1st, Gemalto will be consolidated into Thales’ financial statements, while payment of the share offer…

Sensory Acquires Voice Tech Testing Firm

Sensory Acquires Voice Tech Testing Firm

“Under the terms of the acquisition, Vocalize.ai will continue to operate as an independent company while testing Sensory’s solutions, and will also offer discounted services to Sensory’s clients.” Sensory, Inc. has acquired an independent evaluation service for speech recognition technology, a move aimed at enhancing its ability to refine its voice-based solutions. The acquisition, Vocalize.ai,…

Malaysian FinTech Firm Acquires Latvia’s X Infotech

Malaysian FinTech Firm Acquires Latvia’s X Infotech

Latvia-based eID specialist X Infotech has been acquired by Silverlake Axis (or “SAL”), a Malaysian FinTech solutions provider focused on the BFSI, retail, and logistics industries. Announcing the acquisition in a statement, SAL did not disclose its fiscal details, but indicated that it now possesses 80 percent equity in SIA X Infotech Group. Its CEO,…

Adjust Announces Acquisition of Unbotify

Adjust Announces Acquisition of Unbotify

Some clicks are worth more than others, especially in the world of online advertizing. Many ad views are created by bots rather than people, which is why the World Federation of Advertisers estimates that ad fraud will cost advertisers roughly $50 billion by the year 2025. With that in mind, the fraud prevention company Adjust…

NEC is Buying Denmark’s Largest IT Company

NEC is Buying Denmark’s Largest IT Company

NEC is buying a major European IT company in a bid to increase growth in its global safety business. The company announced that it has established a deal to acquire KMD, which it says is Denmark’s largest IT company. In a statement announcing the acquisition, NEC explained that it is part of its “Mid-term Management…

Mobile Payments Specialist Boku Acquires Danal, Inc.

Mobile Payments Specialist Boku Acquires Danal, Inc.

“The deal entails “a total consideration of $112 Million plus warrants,” according to a press release from the companies. It is expected to close by the year’s end.” Boku, a California-based mobile payments platform, is acquiring mobile authentication specialist Danal, Inc. The companies have signed an agreement for Boku to buy all of Danal’s outstanding…

Nuance Sells Document Imaging Division, to Focus Entirely on Voice and AI

Nuance Sells Document Imaging Division, to Focus Entirely on Voice and AI

Nuance Communications has signed an agreement to sell its Document Imaging division to Kofax, an automation software provider based in California. The deal is valued at $400 million in total. In a statement announcing the agreement, Nuance explained that selling off the Document Imaging division “enables Nuance to focus the business entirely on its conversational…

Thales, Gemalto Adjust Expectations for Merger Closing Date

Thales, Gemalto Adjust Expectations for Merger Closing Date

The leadership at Gemalto and Thales are adjusting their expectations with respect to their proposed merger, announcing that they now expect the deal to close in the first quarter of 2019. The announcement comes after the news that the US Committee on Foreign Investment had given the merger its thumbs-up last month, marking the 6th…

Early Warning To Acquire Authentify

Early Warning To Acquire Authentify

Risk management and fraud prevention company Early Warning has announced that it is buying Authentify, Inc. The companies have signed a definitive agreement to that end, and the deal is set to close in the immediate future. Early Warning is expecting the acquisition to have a major payoff in enhancing its platform of digital channel…