Like Fluidity Operations LLC

closed 5/22/2020 via Company Press Release

ConsenSys, acquired Fluidity Operations LLC

synopsis: ConsenSys has acquired Fluidity, a Brooklyn-based blockchain technology company. Fluidity is the primary developer of AirSwap and has produced several industry firsts in real-estate tokenization, tokenized securities trading, systems to pledge real collateral to decentralized credit platforms, and has hosted the Fluidity Summit.
buyer: ConsenSys
ConsenSys is a global blockchain company. The company builds blockchain developer tools that have been adopted across the Ethereum ecosystem. ConsenSys incubates and accelerates Ethereum startups that are launching products across a variety of industries, from finance to supply chain to law. "
target: Fluidity Operations LLC
Fluidity is a blockchain technology company that facilitates the expansion of the decentralized financial ecosystem through the introduction of high-quality collateral and market participants. Its AirSwap platform is a decentralized, peer-to-peer trading network powered by Ethereum.
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announced 7/23/2018 via BNC Analysis

SMC Ventures Inc., will acquire BlockMint Technologies Inc

synopsis: SMC VENTURES Inc. is to acquire Blockmint Technologies Inc., a private British Columbia company, which, through its wholly owned subsidiary Blockmint (USA) Technologies Inc., is involved in the development of distributed systems and networks that enable a more decentralized deployment of blockchain-based applications such as cryptocurrency mining.
buyer: SMC Ventures Inc. (TSXV:SMV.H:$0.00)
SMC Ventures Inc. does not have significant operations. The company intends to apply for a change of business to become an investment issuer or consider opportunities to become a reverse-take-over entity. SMC Ventures Inc. is based in Vancouver, Canada. "
target: BlockMint Technologies Inc
BlockMint Technologies is a blockchain based company that is developing and deploying distributed networks and specialized systems that enables mass user participation in decentralized economies. They are based in Portland, OR.
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closed 1/15/2020 via finextra.com

BUX, acquired Blockport

synopsis: BUX, a trading app in the Netherlands, has acquired Blockport, a European social cryptocurrency investment platform. Blockport offers an intuitive application where people can buy, sell and store any cryptocurrency, without having to deal with multiple vendors, brokers, exchanges and wallet services.
buyer: BUX
Headquartered in Amsterdam, the Netherlands, BUX is inspiring people to explore the fascinating world of finance. BUX makes it easy and affordable for people to participate in the financial markets through its mobile platforms for commission-free stock investing and CFD trading. "
target: Blockport
Blockport is a European social cryptocurrency investment platform. Blockport offers an intuitive application where people can buy, sell and store any cryptocurrency, without having to deal with multiple vendors, brokers, exchanges and wallet services.
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announced 10/30/2019 via PR Newswire

20|30 Group, will acquire OpenRelay, LLC

synopsis: London-based 20|30 Group will acquire OpenRelay, a start-up creating privacy-first infrastructure and developer tools to accelerate the evolution of the decentralized economy. OpenRelay's product Rivet is the first privacy-focused, open-source gateway to Ethereum which aims to protect Web3 users from exploitative data-mining practices.
buyer: 20|30 Group
London-based 20|30 is a global innovation group for decentralised technologies and provides a new alternative to the traditional ways of financing innovation. It is a hybrid of a private equity firm, venture capitalist, accelerator and corporation. "
target: OpenRelay, LLC
OpenRelay is a start-up creating privacy-first infrastructure and developer tools to accelerate the evolution of the decentralised economy. OpenRelay's product Rivet is a privacy-focused, open-source gateway to Ethereum which aims to protect Web3 users from exploitative data-mining practices.
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closed 3/5/2014 via BNC Analysis

ZeroBlock, acquired RTBTC

synopsis: ZeroBlock, the bitcoin mobile app specialist acquired by Blockchain.info last December, has purchased real-time bitcoin trading platform and market visualization provider RTBTC. RTBTC is a universal front-end trading platform that aims to allow users to trade on any exchange.
buyer parent: Blockchain.info
buyer: ZeroBlock
ZeroBlock provides real-time market data and an aggregated news feed for Bitcoin. They promote the freedom and opportunity that cryptocurrencies brings the world. The company was founded in 2013. "
target: RTBTC
RTBTC is a universal front-end trading platform that aims to allow users to trade on any exchange. The service also includes real-time data streams that can be integrated with user strategies. The Trading API allows users to make trades through RTBTC that access the APIs of other trading exchanges.
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closed 3/25/2019 via BNC Analysis

eToro, acquired Firmo Network

synopsis: Global multi-asset investment platform eToro has announced that it has acquired Firmo. Firmo enables smart contracts for derivatives to be securely enabled on any major blockchain.
buyer: eToro
For more than a decade, eToro has been a leader in the global Fintech revolution. It is the world’s leading social trading network, with millions of registered users and an array of innovative trading and investment tools. "
target: Firmo Network
Firmo's domain specific language FirmoLang translates smart derivatives contracts to any of the major blockchain platforms with an unmatched degree of safety and security.
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closed 11/6/2019 via PR Newswire

eToro, acquired Delta by Opus Labs

synopsis: Global multi-asset investment platform eToro has acquired Delta, a Belgium-based crypto portfolio tracker app. Delta provides investors with a range of tools to track and analyze their crypto portfolios. Their app allows users to to keep track of Bitcoin, Ethereum, Litecoin and 4000+ other altcoins.
buyer: eToro
For more than a decade, eToro has been a leader in the global Fintech revolution. It is the world’s leading social trading network, with millions of registered users and an array of innovative trading and investment tools. "
target: Delta by Opus Labs
Delta by Opus Labs is a Belgium-based crypto portfolio tracker app. Delta provides investors with a range of tools to track and analyze their crypto portfolios. Their app allows users to to keep track of Bitcoin, Ethereum, Litecoin and 4000+ other altcoins.
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closed 10/23/2019 via Company Press Release

Bitcoin.com, acquired O3 Labs Inc.

synopsis: Bitcoin.com has acquired the blockchain startup O3 Labs, the Tokyo-based software company that specializes in developing gateways to the digital economy. Tools developed by O3 Labs include desktop and mobile wallets which enable users to purchase cryptocurrencies directly and an application platform for privately connecting to decentralized apps.
buyer: Bitcoin.com
Bitcoin.com is a company that hosts a Bitcoin-related web portal and provides a number of Bitcoin and Bitcoin Cash services such as purchasing and selling these cryptocurrencies, and a mobile wallet for both. It also features cryptocurrency news, charts, an online shop, and online gambling. "
target: O3 Labs Inc.
O3 Labs is a Tokyo-based software company that specializes in developing gateways to the digital economy. Tools developed by O3 Labs include desktop and mobile wallets which enable users to purchase cryptocurrencies directly and an application platform for privately connecting to decentralized apps.
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closed 7/3/2019 via PR Newswire

Bittrex, acquired Tradedash

synopsis: Bittrex, the premier U.S.-based digital asset trading platform, announced that it further bolstered its real-time and advanced technology offerings with the purchase of Tradedash, a trading tool that provides professional and personal customers with a secure, customizable trading experience.
buyer: Bittrex
Bittrex is the premier digital asset trading platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. Their mission is to help advance the blockchain industry by fostering innovation, incubating new technology, and driving change. "
target: Tradedash
Tradedash is a secure, real-time interface that provides high-volume and retail customers with a secure and customizable digital asset trading experience. Tradedash merges proven techniques from traditional trading markets with the emerging blockchain-based digital asset ecosystem.
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closed 12/6/2018 via BNC Analysis

Coinsquare Ltd., acquired BlockEQ

synopsis: Toronto-based Coinsquare has acquired BlockEQ, a cryptocurrency wallet running on Stellar, an open-source, decentralized protocol for digital currency.. BlockEQ allows for the tokenization of crypto assets in order to allow them to move on the Stellar network.
buyer: Coinsquare Ltd.
Coinsquare is one of the world's premier cryptocurrency trading platforms for trading Bitcoin, Ethereum, XRP, and other cryptocurrencies. "
target: BlockEQ
BlockEQ is a cryptocurrency wallet running on Stellar, an open-source, decentralized protocol for digital currency. BlockEQ allows for the tokenization of crypto assets in order to allow them to move on the Stellar network. With BlockEQ, the goal is to increase the accessibility of cryptocurrency.
price ($mm)
$9.03
rev ($mm)
EBITDA ($mm)
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closed 1/24/2018 via BNC Analysis

ZenaPay Inc., acquired CryptoFolio

synopsis: Zenapay, the secure and simple Bitcoin wallet offered by Epazz Inc., announced that they have acquired the android app CryptoFolio. CryptoFolio tracks and manages Bitcoin and Altcoin portfolios, allowing users to fully control their cryptocurrency portfolio.
buyer parent: Epazz, Inc.
buyer: ZenaPay Inc.
Zenapay offers its users a secure and simple Bitcoin Wallet that allows users to buy different products online using Bitcoin. Zenapay is a financial technology company that offers a unique, secure and reliable Bitcoin payment apps, allowing consumers to acquire Bitcoin at the point-of-sale. "
target: CryptoFolio
CryptoFolio is an android app that tracks and manages Bitcoin and Altcoin portfolios. CryptoFolio allows users to fully control their cryptocurrency portfolio. CryptoFolio was designed to make it simple and practical to track cryptocurrency investments.
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closed 3/1/2017 via BusinessWire

Kraken, acquired Cryptograph

synopsis: Kraken, the trusted global digital asset exchange, announced the acquisition of the popular charting and trading platform Cryptowatch- used by thousands of traders to chart over 150 markets in real-time and trade digital assets through a user-friendly interface. Cryptowatch has seen rapid growth, increasing its user-base by 700% in two years.
buyer: Kraken
Kraken is the largest Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen. Kraken is consistently rated the best and most secure Bitcoin exchange by independent news media. "
target: Cryptograph
Cryptowatch is a popular charting and trading platform used by thousands of traders to chart over 150 markets in real-time and trade up to 22 digital assets through a highly user-friendly interface.
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closed 4/16/2020 via BusinessWire

BitGo, acquired Lumina Technologies, Inc.

synopsis: BitGo, the leader in digital asset financial services, announced that it acquired Lumina, a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution.
buyer: BitGo
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo processes over 20% of all global bitcoin transactions, and supports over 200 coins and tokens. "
target: Lumina Technologies, Inc.
Lumina is a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution. Their platform offers solutions for portfolio management, accounting and tax, pricing and transaction APIs, and more.
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announced 2/13/2018 via GlobeNewswire

DMG Blockchain Solutions Inc., will acquire Blockseer

synopsis: DMG Blockchain Solutions, a blockchain and cryptocurrency company, has agreed to acquire Datient, Inc., doing business as “Blockseer” through its subsidiary, DMG-US. Blockseer makes Blockchain data and applications accessible to everyone by providing valuable analysis of patterns, useful metrics, clear visualizations, and actionable intelligence.
buyer: DMG Blockchain Solutions Inc. (TSXV:DMGI:$0.00)
DMG Blockchain Solutions Inc. is a full service diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG intends to be the global leader in bitcoin mining hosting and Mining as a Service. "
target: Blockseer
Blockseer’s mission is to make Blockchain data and applications accessible to everyone by providing valuable analysis of patterns, useful metrics, clear visualizations, and actionable intelligence. Blockseer provides the analytics tools for transactions and applications on the Blockchain.
price ($mm)
$2.09
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closed 12/2/2013 via BusinessWire

Spectral Capital, acquired Monitr

synopsis: Spectral Capital Corporation announced it has completed the transaction to acquire majority control of Monitr. Monitr has been developing its technology for a number of years that integrates semantic processing, data analytics, real time search and machine learning into one platform.
buyer: Spectral Capital
Spectral Capital acquires and partners with early stage technology companies that have the ability to grow into independent public companies. They focus on identifying markets in which a start up has the opportunity to greatly enhance or become a complete game changer. "
target: Monitr
Monitr has been developing its technology for a number of years that integrates semantic processing, data analytics, real time search and machine learning into one platform. The platform will also have a social media component.
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closed 9/12/2018 via BNC Analysis

Wyre, acquired Hedgy inc

synopsis: Wyre Inc, a U.S. based Fintech specialized in facilitating cross-border payments firm, has announced the acquisition of the blockchain-based smart contract platform Hedgy. Hedgy works with corporate clients to develop their use case and deliver smart contract enabled distributed ledger systems.
buyer: Wyre
Wyre Inc is a U.S. based Fintech firm specialized in facilitating cross-border payments. Wyre’s main focus is facilitating cross-border transactions, with a particular emphasis on those sent between China and the US. "
target: Hedgy inc
Hedgy is a seed funded fintech startup building enterprise blockchain applications. Hedgy works with corporate clients to develop their use case and deliver smart contract enabled distributed ledger systems.
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announced 5/29/2019 via BNC Analysis

Formosa Financial Inc. will be merged with Cezex,

synopsis: Formosa Financial will merge with CEZEX, Asia's first licensed digital assets exchange platform for asset-backed securities tokens. Formosa Financial is a digital asset management platform in Taiwan. Formosa Financial seamlessly integrates cryptoasset custody, brokerage, and hedging services into one package.
buyer: Cezex
CEZEX is Asia's first licensed digital assets exchange platform for asset-backed securities tokens. CEZEX is bridges the gap between traditional financial markets and cryptocurrency markets by providing market participants access to tokenized assets through the operation of a regulated market. "
target: Formosa Financial Inc.
Formosa Financial is a digital asset management platform in Taiwan. Formosa Financial seamlessly integrates cryptoasset custody, brokerage, and hedging services into one package. Formosa Financial provides a suite of tools that minimize costs, and time delays for mission-critical financial tasks.
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closed 2/15/2018 via PR Newswire

HashChain Technology Inc., acquired Node40, LLC

synopsis: HashChain Technology Inc. announced that the Company has completed the acquisition of blockchain technology company, NODE40 LLC. NODE40 Balance is a robust cryptocurrency reporting software that integrates directly with certain major cryptocurrency exchanges.
buyer: HashChain Technology Inc. (TSXV:KASH:$0.00)
HashChain is a blockchain technology company, and the first publicly traded Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. "
target: Node40, LLC
NODE40 Balance is a robust cryptocurrency reporting software that integrates directly with certain major cryptocurrency exchanges. NODE40 uses a coin-holder's transaction history and analyzes the blockchain to determine accurate valuations for every input and output comprising a transaction.
price ($mm)
$7.09
rev ($mm)
EBITDA ($mm)
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closed 10/18/2017 via BNC Analysis

Circle Internet Financial, acquired Trigger

synopsis: Circle, a peer-to-peer payments technology startup, has acquired mobile investing platform Trigger Finance. Trigger Finance is an award-winning investing platform that helps retail investors manage their portfolios through nature language rules and alternative orders.
buyer: Circle Internet Financial
Circle is a peer-to-peer payments technology company. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle’s mobile payment platform, Circle Pay, allows users to hold, send, and receive traditional fiat currencies. "
target: Trigger
Trigger is a mobile first investing platform that encourages rules based investing for every DIY investor. Trigger makes it easier to invest rationally through a simple rules-driven approach, called ‘triggers’.
price ($mm)
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closed 2/20/2019 via BNC Analysis

Coinbase, acquired Neutrino srl

synopsis: Coinbase Inc., a digital currency wallet and platform, has acquired Neutrino, an Italian company that develops solutions for monitoring, analyzing, and tracking cryptocurrency flows. Neutrino supplies in-depth and flexible investigative solutions to crypto-savvy experts within leading financial services companies and law enforcement agencies.
buyer: Coinbase
Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. It allows its users to create their own bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. "
target: Neutrino srl
Neutrino is an Italian company that develops solutions for monitoring, analyzing, and tracking cryptocurrency flows. Neutrino supplies in-depth and flexible investigative solutions to the world's most crypto-savvy experts within leading financial services companies and law enforcement agencies.
price ($mm)
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closed 5/22/2020 via Company Press Release

ConsenSys, acquired Fluidity Operations LLC

synopsis: ConsenSys has acquired Fluidity, a Brooklyn-based blockchain technology company. Fluidity is the primary developer of AirSwap and has produced several industry firsts in real-estate tokenization, tokenized securities trading, systems to pledge real collateral to decentralized credit platforms, and has hosted the Fluidity Summit.
buyer: ConsenSys
ConsenSys is a global blockchain company. The company builds blockchain developer tools that have been adopted across the Ethereum ecosystem. ConsenSys incubates and accelerates Ethereum startups that are launching products across a variety of industries, from finance to supply chain to law. "
target: Fluidity Operations LLC
Fluidity is a blockchain technology company that facilitates the expansion of the decentralized financial ecosystem through the introduction of high-quality collateral and market participants. Its AirSwap platform is a decentralized, peer-to-peer trading network powered by Ethereum.
price ($mm)
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closed 5/22/2020 via Company Press Release

ConsenSys, acquired Fluidity Operations LLC

synopsis: ConsenSys has acquired Fluidity, a Brooklyn-based blockchain technology company. Fluidity is the primary developer of AirSwap and has produced several industry firsts in real-estate tokenization, tokenized securities trading, systems to pledge real collateral to decentralized credit platforms, and has hosted the Fluidity Summit.
buyer: ConsenSys
ConsenSys is a global blockchain company. The company builds blockchain developer tools that have been adopted across the Ethereum ecosystem. ConsenSys incubates and accelerates Ethereum startups that are launching products across a variety of industries, from finance to supply chain to law. "
target: Fluidity Operations LLC
Fluidity is a blockchain technology company that facilitates the expansion of the decentralized financial ecosystem through the introduction of high-quality collateral and market participants. Its AirSwap platform is a decentralized, peer-to-peer trading network powered by Ethereum.
price ($mm)
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closed 10/23/2019 via BNC Analysis

ConsenSys, acquired Infura

synopsis: ConsenSys, a global blockchain company, has acquired Infura, a blockchain infrastructure provider. Infura's development suite provides instant, scalable API access to the Ethereum and IPFS networks. Their API allows developers to spend more time talking to their users and build what they need.
buyer: ConsenSys
ConsenSys is a global blockchain company. ConsenSys develops enterprise applications, invests in startups, builds developer tools, and offers blockchain education. ConsenSys builds, tests, and deploys high-value public and private blockchain solutions. "
target: Infura
Infura is a blockchain infrastructure provider. Infura's development suite provides instant, scalable API access to the Ethereum and IPFS networks. Their API allows developers to spend more time talking to their users and build what they need.
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closed 5/7/2020 via BusinessWire

Unity Technologies, acquired Finger Food Advanced Technology Group

synopsis: Unity Technologies, the world’s leading platform for creating and operating interactive, real-time 3D (RT3D) content, announced the acquisition of Vancouver-based Finger Food Advanced Technology Group, a professional services organization specializing in building industry-first solutions for global companies.
buyer: Unity Technologies
Unity is the world’s leading real-time 3D development platform, giving users powerful and accessible tools to create, operate, and monetize experiences for the real-time world. Unity empowers anyone, regardless of skill level and industry, to create 3D visual content using world-class technology. "
target: Finger Food Advanced Technology Group
Finger Food Advanced Technology builds custom technology solutions to solve some of the most complex problems faced by businesses today. The company utilizes in-house expertise in AI, AR/VR, Blockchain, Robotics, and IoT, to create cloud, web, and mobile solutions for Global 1000-level clients.
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closed 4/15/2020 via PR Newswire

nChain, acquired Crea d.o.o.

synopsis: nChain, a UK-based provider of enterprise-grade public blockchain solutions, has acquired CREA, a Slovenian software development and implementation firm with deep expertise in Bitcoin and IT security. The acquisition further solidifies nChain's leading position in its field and creates one of the largest Bitcoin development teams in the world.
buyer parent: Accuro Fund Solutions AG
buyer: nChain
nChain is a global leader in advisory, research, and development of open blockchain technologies. The company is an active developer of intellectual property and software in the blockchain space, with a focus on bringing to market enterprise-grade open blockchain solutions for global business. "
target: Crea d.o.o.
CREA is a leading Slovenian consulting and implementation company in the field of business process management and secure electronic commerce. CREA provides organizations with greater efficiency and manageability of business processes and the transition to secure e-commerce.
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closed 4/3/2019 via BNC Analysis

CoinFabric, acquired MainNet

synopsis: CoinFabric, a global Management Consultancy that transforms Blockchain, and crypto, projects or companies into agile global businesses, has acquired MainNet, a Ukraine-based blockchain development company. MainNet develops blockchain and cryptocurrency oriented products for enterprises, and mainstream markets.
buyer: CoinFabric
CoinFabric is a global Management Consultancy that transforms Blockchain, and crypto, projects or companies into agile global businesses. CoinFabric empowers all stakeholders of the industry to interpret and harness the innovation of Blockchain through R&D, Consulting and Integrated Services. "
target: MainNet
MainNet is a Ukraine-based blockchain development company. MainNet specializes in Blockchain Development, Smart Contract, dApps & Protocols. The company develops blockchain and cryptocurrency oriented products for enterprises, and mainstream markets.
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announced 2/27/2019 via Company Press Release

CM-CIC Investissement, will acquire Hardis Group

synopsis: Hardis Group, a consulting, digital services and software publishing company in France, has initiated a buyout in order to step up its expansion and secure its long-term independence. CM-CIC Investissement, the French equity firm will reinforce its digital portfolio by structuring this deal as a majority share.
buyer parent: Groupe Credit Mutuel
buyer: CM-CIC Investissement
CM-CIC Investissement is a subsidiary of Credit Mutuel which specializes in leverage buyouts, growth capital, transmission, management buyout and turnaround investments. The firm provides long-term support as minority shareholders or as co-investors within a majority transaction. "
target: Hardis Group
Hardis Group has been operating as a consultancy company, an information technology service provider and a software publisher in France. They assist their customers in the transformations of their business models, digital value chains and logistics operations.
price ($mm)
rev ($mm)
$131
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 2/2/2017 via Company Press Release

QBurst Poland Sp. z.o.o. merged with TenderHut S.A.,

synopsis: Polish IT Capital Group TenderHut bought 100% of shares of QBurst Poland, which acted as a development division of the Indian company QBurst Technologies. The merger of those entities will expand the list of offered services based on the use of machine learning technology, the Internet of Things (IoT) and virtual and augmented reality (VR and AR).
buyer: TenderHut S.A.
Based in Poland, TenderHut focuses on supporting entrepreneurs in the growth of their sales network, on building sales strategy for products and on supporting them in the tendering process to obtain contracts both on the public and commercial markets. "
target parent: QBurst
target: QBurst Poland Sp. z.o.o.
QBurst Poland acts as the development division of the Indian company QBurst Technologies. Services offered by QBurst Poland are, among others, the build & development of mobile & web apps, IT infrastructure management, search engine optimisation, cloud application, business intelligence & analytics.
price ($mm)
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announced 1/23/2019 via PR Newswire

Dynata, will acquire Reimagine Holdings Group

synopsis: Dynata, a global leader in first-party data and data services, announces it has reached an agreement to acquire Reimagine Holdings Group, a global leader in data creation and technology-enabled business intelligence headquartered in Westport, Connecticut.
buyer parent: Court Square Capital Partners
buyer: Dynata
Dynata is the premier global provider of data solutions and technology for consumer and B2B survey research. Dynata reaches participants in 90+ sample countries via internet, telephone, mobile/wireless and mixed-access offerings. "
target: Reimagine Holdings Group
Reimagine is a global leader in data creation for business intelligence, and has redefined the insights industry by acquiring and investing in growth-oriented, technology-enabled service companies.
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closed 5/23/2018 via BNC Analysis

startup300 AG, acquired Pioneers.io

synopsis: startup300, an Austrian angel investor network and business accelerator, has acquired Pioneers.io, an international relationship builder in the tech and startup scene. Pioneers' flagship event, Pioneers Festival, brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
buyer: startup300 AG
startup300 is an Austrian angel investor network and business accelerator that offers their services to Austrian startups. The group consists of 142 angels and investors that help startups grow their businesses. They focus on startups that have scalable, innovative or disruptive business models. "
target: Pioneers.io
Pioneers.io is an international relationship builder in the tech and startup scene, offering events, consulting, and investment. Their Pioneers Festival event brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
price ($mm)
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closed 5/13/2020 via Company Press Release

Phoenix Logistics, acquired Riptide Software Inc.

synopsis: Phoenix Logistics, Inc. (PLI), has acquired Riptide Software, Inc, a software company that develops training products and technologies for the military. The acquisition blends PLI’s services for the Department of Defense with Riptide’s Capability Maturity Model Integrated, Maturity Level 4 (CMMI ML 4) Software Development capabilities.
buyer: Phoenix Logistics
Phoenix Logistics is a privately owned aerospace and defense company that solves technical and programmatic problems related to aerospace design and manufacturing and delivery of critical infrastructure. The company provides a range of products and services, as well as simulation and training. "
target: Riptide Software Inc.
Riptide Software is one of the leading providers of training technologies and solutions to the military. The company offers its clients full lifecycle computer systems and software engineering capabilities, innovative E-Learning solutions, and effectual program management.
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closed 4/28/2020 via Company Press Release

Var Group S.p.A., acquired Zero12

synopsis: Var Group, an Italian leading company specialized in provisioning IT services and solutions to the Enterprise and SME segments, is acquiring 55% of Zero12 S.r.l., a company that provides IT consultancy services in software development, web development, Microsoft, AWS, and more. The company is based in Carmignano Di Brenta, Italy.
buyer parent: Sesa S.p.A.
buyer: Var Group S.p.A.
Var Group is an Italian leading company specialised in provisioning IT services and solutions to the Enterprise and SME segments. They help improve processes, optimize costs, create new products and services, be present in new markets, and grow businesses. "
target: Zero12
Zero12 S.r.l. provides IT consultancy services in software development, web development, Microsoft, AWS, and more. The company is based in Carmignano Di Brenta, Italy.
price ($mm)
rev ($mm)
$2
EBITDA ($mm)
$1
EV / rev
0.0x
EV / EBITDA
0.0x
closed 4/14/2020 via BusinessWire

Recruit Rooster, acquired RocketBuild

synopsis: Recruit Rooster, a wholly-owned subsidiary of DirectEmployers Association, has acquired RocketBuild, a custom software development company that provides technology solutions for innovative brands. RocketBuild partners with organizations to develop business critical applications, websites, and complex integrations.
buyer parent: DirectEmployers Association
buyer: Recruit Rooster
Recruit Rooster is a wholly owned subsidiary of DirectEmployers Association that is expanding recruitment marketing and creative services to offer new tools to win the best candidates. They offer services including career site design, photography, video content and accessibility services. "
target: RocketBuild
RocketBuild is a custom software development company that provides technology solutions for innovative brands. RocketBuild partners with organizations to develop business critical applications, websites, and complex integrations.
price ($mm)
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closed 4/3/2020 via BNC Analysis

IKEA, acquired Geomagical Labs Inc.

synopsis: Netherlands-based Ingka Investments has acquired Geomagical Labs, a development company of 3D and visual AI solutions for interactive home furnishing inspiration. Geomagical Labs' 3D and AI technology will be used by IKEA, digitally allowing customers to capture and furnish their homes using photorealistic 3D representations of their furnishings.
buyer: IKEA
IKEA Group, based in the Netherlands, is the world's largest home furnishing retailer and operates 374 stores in 30 countries. IKEA Group offers well-designed and functional home furnishing products at low prices under the IKEA vision—to create a better everyday life for many people. "
target: Geomagical Labs Inc.
Geomagical Labs is a developer of leading-edge visual AI solutions for indoor imagination. The company’s AI applications make it easy for consumers to capture and decorate photorealistic 3D representations of their home spaces in minutes, anywhere they are, with everyday smartphones.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2020 via BNC Analysis

MercadoLibre, acquired Lagash

synopsis: Mercado Libre, Latin America’s leading e-commerce technology company, has acquired Lagash, a software development startup based in Argentina. They provide innovative software solutions that allow their clients to develop and position themselves as leaders in their market.
buyer: MercadoLibre (MELI:$2,296.31)
Founded in 1999 and headquartered in Buenos Aires, Argentina, Mercado Libre is Latin America’s leading e-commerce technology company. Through its primary platforms it provides solutions to individuals and companies buying, selling, advertising, and paying for goods online. "
target: Lagash
Lagash is a software development startup based in Argentina. They provide innovative software solutions that allow their clients to develop and position themselves as leaders in their market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/4/2020 via Company Press Release

BDO Canada LLP, acquired Lixar I.T., Inc.

synopsis: BDO Canada LLP, a leading professional services firm, has acquired Lixar, a Premier AI and Data Company based in Ottawa. Together, BDO and Lixar will offer responsible AI and Data-driven solutions to augment and assist with action-based outcomes, relevant insights, increased efficiency, and real-time results.
buyer: BDO Canada LLP
BDO Canada LLP is a leading provider of professional services to clients of all sizes in virtually all business sectors. Their team delivers a comprehensive range of assurance, accounting, tax, and advisory services, complemented by deep industry knowledge. "
target: Lixar I.T., Inc.
Ottawa-based Lixar is a Premier AI and Data Company that delivers practical, actionable results with AI and data, today. Lixar is built on 20 years of delivering end-to-end services & enterprise-scale experience in Data, Development, IoT, and Cloud.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/3/2020 via BNC Analysis

Snap Inc., acquired AI Factory, Inc.

synopsis: Snap, a camera and social media company, has acquired AI Factory, a developer of computer vision and augmented reality (AR) products with a focus on image and video recognition, analysis and processing. AI Factory aims to make lives better and help businesses to solve their toughest tasks with the help of artificial intelligence (AI).
buyer: Snap Inc. (SNAP:$1,544.47)
Snap Inc. is a camera company. They believe that reinventing the camera represents their greatest opportunity to improve the way people live and communicate. Their products empower people to express themselves, live in the moment, learn about the world, and have fun together. "
target: AI Factory, Inc.
AI Factory is a developer of computer vision and augmented reality (AR) products with a focus on image and video recognition, analysis and processing. AI Factory aims to make lives better and help businesses to solve their toughest tasks with the help of artificial intelligence (AI).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/19/2019 via BNC Analysis

Gympass, acquired Flaner

synopsis: Gympass, a platform for employer’s benefits programs that offers fitness class bookings to members, announced the acquisition of Flaner, a Portugal-based digital memory extension platform that offers new ways to discover and explore cities.
buyer: Gympass
Gympass is a discovery platform that empowers companies to engage their workforce in physical activity by providing access to the largest global network of workout facilities. Gympass is currently active across 14 countries and boasts more than 2,000 clients and over 50,000 gym or studio partners. "
target: Flaner
Headquartered in Portugal, Flaner is a digital memory extension platform that offers new ways to discover and explore cities. Flaner uses AI technology to provide a tool that automatically extracts relevant places, creating customized lists and maps, and providing information in the right context.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/18/2019 via GlobeNewswire

VendEngine, acquired Sherrod Computers

synopsis: VendEngine, a cloud-based FinTech provider focused on the corrections industry, has acquired software development company, Sherrod Computers. Sherrod Computers provides a variety of software programming and software for service solutions to a multitude of companies across the corrections, fintech, health care and logistics industries.
buyer: VendEngine
VendEngine provides one of the most sophisticated, cloud-based inmate commissary, vending management and electronic payment systems to the corrections industry. "
target: Sherrod Computers
Sherrod Computers, a Murfreesboro-based software development firm founded in 2001, provides a variety of software programming and software for service solutions to a multitude of companies across the corrections, fintech, health care and logistics industries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/25/2019 via BusinessWire

Joyce Durst, acquired Growth Acceleration Partners

synopsis: Growth Acceleration Partners (GAP), a continuous software delivery partner, has been acquired by Co-Founder, Joyce Durst. Growth Acceleration Partners (GAP) is the leading nearshore software development company that partners with US-based clients to develop custom software applications.
buyer: Joyce Durst
Joyce Durst leverages 30 years of software industry experience to lead double-digit growth and profitability at Growth Acceleration Partners while inspiring all those who work with her. "
target: Growth Acceleration Partners
Growth Acceleration Partners (GAP) is the leading nearshore software development company that partners with US-based clients to develop custom software applications. Based in Austin, TX, GAP has its software development centers in Costa Rica and Colombia.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/11/2019 via BNC Analysis

Globe Telecom, will acquire Yondu

synopsis: Globe Telecom, a leading full service telecommunications company in the Philippines, is buying back 51% of Yondu from Xurpas. Yondu is an IT outsourcing and mobile services company based in the Philippines.
buyer: Globe Telecom (PSE:GLO:$3,272.07)
Globe Telecom is a leading full service telecommunications company in the Philippines, serving the needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connections, internet and managed services. "
target parent: Xurpas Inc.
target: Yondu
Yondu is an IT outsourcing and mobile services company established in 2001 that provides software development, IT staffing and mobile services to companies in the pharmaceutical, banking, BPO, telecommunications and manufacturing industries, among others.
price ($mm)
$9.62*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/11/2019 via BNC Analysis

iStudy Co., Ltd., will acquire Aim Soft Co., Ltd.

synopsis: iStudy, a Japanese e-learning company, will acquire Aim Soft, a Japanese system development company that provides system engineering services. Aim Soft offers system integration and information security consulting services. Aim Soft works with their clients to develop software that meets their needs.
buyer parent: V-cube, Inc.
buyer: iStudy Co., Ltd. (:$8.44)
iStudy is a Japanese e-learning company. Their iStudy Academy provides courses to help people acquire new skills in the advanced IT technology field. They also offer iStudy LMS, is a learning management system that helps businesses to create accurate training plans. "
target: Aim Soft Co., Ltd.
Aim Soft is a Japanese system development company that provides system engineering services. Aim Soft offers system integration and information security consulting services. Aim Soft works with their clients to develop software that meets their needs.
price ($mm)
$3.06
rev ($mm)
$8
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
closed 8/20/2019 via BNC Analysis

Discovery Education, acquired Inspyro Ltd

synopsis: Discovery Education, a leader in standards-aligned digital curriculum resources for K-12 classrooms, has acquired Inspyro, an award winning development house in the UK that specializes in augmented and virtual reality. Inspyro helps businesses bring their augmented reality, virtual reality, and mixed reality ideas to life.
buyer parent: Francisco Partners Management LLC
buyer: Discovery Education
Discovery Education is the global leader in standards-based digital content for K-12, transforming teaching and learning with award-winning digital textbooks, multimedia content, professional development, and the largest professional learning community of its kind. "
target: Inspyro Ltd
Inspyro is an award winning and experienced development house in the UK that specializes in augmented and virtual reality. Inspyro helps businesses bring their augmented reality, virtual reality, and mixed reality ideas to life.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: AIM:SWG
 
 
 
 
 
 
 
 
Shearwater Group plc
Shearwater Group plc
Shearwater Group is an AIM-listed company focused on building a UK based group providing digital resilience solutions. Their aim is to acquire and develop information security, cyber and cyber security companies with a leading product, solution or service capability.
year
2018
rev ($mm)
$11.33
EBITDA ($mm)
($5.20)
EBIT ($mm)
($5.78)
Net Income ($mm)
Employees
41
  • drill down
  • watch
Ticker: TSXV:MBO
 
 
 
 
 
 
 
 
Mobio Technologies Inc.
Mobio Technologies Inc.
Mobio Technologies is the parent company of Strutta, a social promotions platform that helps marketers bring potential customers from stranger to fan to customer. Strutta's Promotions API provides a technology platform that facilitates social media competitions & campaigns for global brands.
year
2017
rev ($mm)
$0.49
EBITDA ($mm)
($2.12)
EBIT ($mm)
($2.13)
Net Income ($mm)
Employees
  • drill down
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Ticker: TSXV:SOR
 
 
 
 
 
 
 
 
Sora Capital Corp.
Sora Capital Corp.
Sora Capital Corp. invests in emerging companies in the Software as a Service (“SaaS”) sector of the technology industry. More specifically, companies with consumer facing products and services with revenue models, including subscriptions, transactional service fees and targeted advertising.
year
2016
rev ($mm)
EBITDA ($mm)
($0.84)
EBIT ($mm)
($0.84)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: CNSX:SQR
 
 
 
 
 
 
 
 
Squire Mining Ltd
Squire Mining Ltd
Squire is a Canadian based technology company engaged, in the business of developing and operating cloud computing data infrastructure and system technology to support global blockchain applications.
year
2018
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
($3.17)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: TSXV:KUU
 
 
 
 
 
 
 
 
Kuuhubb
Kuuhubb
Kuuhubb is active in the digital space and focuses mainly on lifestyle and mobile video game applications. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential.
year
2019
rev ($mm)
$10.54
EBITDA ($mm)
($5.05)
EBIT ($mm)
$7.77
Net Income ($mm)
Employees
26
  • drill down
  • watch
Ticker: OM:FRAM B
 
 
 
 
 
 
 
 
fram^
fram^
fram^ is a leading Scandinavian-Vietnamese IT custom software development and distribution group. fram^ delivers world class IT development services to a range of small, mid, and large clients in both Southeast Asia and Northern Europe.
year
2017
rev ($mm)
$1.19
EBITDA ($mm)
$0.10
EBIT ($mm)
$0.10
Net Income ($mm)
$0.09
Employees
  • drill down
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Ticker: XTRA:BCK
 
 
 
 
 
 
 
 
Blockescence plc
Blockescence plc
Based in Malta, blockescence is a strategic investment holding company which focuses on a buy, build and sell strategy of fast-growing companies in consolidating TMT sectors. New technologies are proactively used to create USPs and efficiencies within the portfolio companies.
year
2019
rev ($mm)
$64.03
EBITDA ($mm)
$6.51
EBIT ($mm)
($2.58)
Net Income ($mm)
Employees
342
  • drill down
  • watch
Ticker: TSXV:PGV
 
 
 
 
 
 
 
 
Prodigy Ventures Inc.
Prodigy Ventures Inc.
Prodigy Ventures is an innovation company and an early stage investment opportunity in emerging technologies. The Company develops software and services with emerging technologies for digital transformation, identity and payments.
year
2019
rev ($mm)
$15.06
EBITDA ($mm)
$0.46
EBIT ($mm)
$0.44
Net Income ($mm)
$0.30
Employees
0
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
UTEK Corporation
UTEK® is a leading innovation services company. UTEK’s services enable clients to become stronger innovators, rapidly source externally developed technologies and create value from their intellectual property. UTEK is a business development company.
year
2004
rev ($mm)
$7.10
EBITDA ($mm)
$1.10
EBIT ($mm)
$1.40
Net Income ($mm)
$0.90
Employees
  • drill down
  • watch
Ticker: INAR
 
 
 
 
 
 
 
 
InternetArray, Inc.
InternetArray, Inc., a Delaware corporation, is an Internet development, technology licensing and marketing company that provides guidance and investment for innovative, early stage web-centric companies.
year
2006
rev ($mm)
$4.17
EBITDA ($mm)
($3.56)
EBIT ($mm)
($3.94)
Net Income ($mm)
Employees
26
  • drill down
  • watch
Ticker: ASX:TCN
 
 
 
 
 
 
 
 
Techniche Limited
Techniche is a listed investment company headquartered in Brisbane, Australia. They acquire, manage and build niche B2B technology software & services companies. Their businesses develop and deliver proprietary software solutions that serve critical needs in the day-to-day operations of customers.
year
2017
rev ($mm)
$3.23
EBITDA ($mm)
($0.46)
EBIT ($mm)
($0.49)
Net Income ($mm)
$0.65
Employees
  • drill down
  • watch
Ticker: ASX:TSN
 
 
 
 
 
 
 
 
Transaction Solutions International Limited
Transaction Solutions International Limited
Transaction Solutions International Ltd (TSN) is an ASX listed company, focusing on financial payments and technology. Their approach is to invest and collaborate with promising businesses who have commercialised solutions in the digital, cybersecurity, analytics and risk/compliance segments.
year
2018
rev ($mm)
$2.99
EBITDA ($mm)
$0.05
EBIT ($mm)
$0.04
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: ASX:DVI
 
 
 
 
 
 
 
 
Disruptive Investment Group Limited
Disruptive Investment Group Limited
Disruptive Investment Group (DVI) Limited is a technology investment company listed on the Australian Securities Exchange. It focuses on niche markets with attractive growth prospects and has partnered with high quality, established businesses in order to maximise shareholder value.
year
2015
rev ($mm)
$1.67
EBITDA ($mm)
$0.14
EBIT ($mm)
$0.14
Net Income ($mm)
Employees
1
  • drill down
  • watch
Ticker: AIM:KRM
 
 
 
 
 
 
 
 
KRM22
KRM22 is a London-listed investment company that invests in, and acquires stakes in, selected technology companies with a focus on risk management software to the capital markets sector.
year
2018
rev ($mm)
$1.63
EBITDA ($mm)
($6.12)
EBIT ($mm)
($6.78)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: AIM:TERN
 
 
 
 
 
 
 
 
Tern Plc
Tern Plc
Tern Plc acquires and invests in privately owned companies with self-owned IP, established products and customer bases. Its investment strategy is focused on taking an active role in its investee companies in order to improve the business model, accelerate growth, and more.
year
2019
rev ($mm)
$0.16
EBITDA ($mm)
EBIT ($mm)
($1.20)
Net Income ($mm)
Employees
0
  • drill down
  • watch