NortonLifeLock’s acquisition of Avast and Accenture’s continued acquisition/investment activity were the highlights of a quiet international ICT market this month.
At home, it was also comparatively quiet.
- Allied Electronics has changed its name to Altron.
- Inseego has sold the South African operations of its Ctrack telematics and asset tracking business to an affiliate of Convergence Partners for R528.9 million.
- EOH has made a secondary listing on the A2X.
- AAC Clyde Space, a Swedish space technology company, has established a subsidiary in SA.
- Wahed, a halal fintech firm, has entered the South African market after receiving a regulatory licence from the Financial Sector Conduct Authority, allowing the start-up to offer services locally.
- Naspers Foundry has made a R120 million investment in Naked, an artificial intelligence-driven insurtech company.
- Prosus has made a $194.2 million investment in Latin American start-up holding Movile.
- The appointments of new CEOs/MDs at Simfy (Ayoba), Takealot, Telkom SA (designate), xneelo; and a new minister and deputy minister at the Department of Communications.
- The deaths of Puleng Kwele, former CEO of Broadband Infraco, and Pakamile Pongwana, an ex-CEO of ICASA.
- Djibouti has become the latest African country after Ethiopia to open up its telecommunications industry to competition, after selling a 40% stake in the incumbent operator Djibouti Telecom and vowing to allow private operators to invest in the country.
- Etisalat Group has acquired full ownership of the Etisalat Investment North Africa, having purchased the 8.7% stake it did not own ($505 million).
- Mitsumi Distribution will open new offices in Cameroon, DRC, Ivory Coast, Mali, Mauritania and Senegal, as well as another four fully-fledged offices in Burkina Faso, Chad, Gabon and Guinea by the end of the year.
- The MTN Group will not resubmit a bid for a licence in Ethiopia and will also exit Syria immediately as it has become “intolerable” to operate there.
- OPay, an Africa-focused digital payment start-up, has secured $400 million in its latest funding round led by SoftBank Vision Fund 2.
- The appointment of a new MD at Vodacom Tanzania.
Key international news
- Accenture has acquired Germany-based LEXTA, a consulting firm specialising in IT benchmarking and IT sourcing advisory. It has also agreed to acquire Blue Horseshoe, a supply chain management and strategy consulting firm and systems integrator specialising in fulfilment and distribution solutions. It has also made investments, through Accenture Ventures, in Pipeline, a start-up that uses AI technology to increase financial performance by closing the gender equity gap; and ixlayer, a provider of technology-based solutions for diagnostic testing.
- Altair bought S-FRAME Software, a structural analysis software platform used by engineers to evaluate a structure’s ability to withstand external loads and meet design code requirements around the world.
- Apax Funds purchased EveryAction and Social Solutions Global, which will be combined with SaaS provider CyberGrants to create a software platform for non-profit organisations.
- Appian acquired Lana Labs, the developer of the LANA Process Mining Platform.
- Argano bought aMind Solutions, a Salesforce partner.
- Avaya purchased CTIntegrations, a specialised contact centre software development and system integration company.
- Bentley Systems’ Seequent business unit acquired Imago, a developer of cloud-based software for the capture and management of geoscientific imagery.
The MTN Group will exit Syria immediately as it has become ‘intolerable’ to operate there.
- CDW bought Focal Point Data Risk, a provider of cyber security services.
- Clearlake Capital purchased Cornerstone OnDemand, a provider of talent management software ($5 billion).
- Cognizant acquired some digital engineering assets from Hunter Technical Resources, a privately held digital engineering and project management agency.
- Conga bought Contract Wrangler, a leader in applying AI and ML to understand the terms and obligations in contracts that impact revenue, risk and cost once the contract is executed.
- Crossword Cybersecurity purchased UK-based Stega, a cyber security MSP.
- Deloitte & Touche acquired aeCyberSolutions, the industrial cyber security business of Applied Engineering Solutions.
- UK-based Flow Communications bought Capital Network Solutions, a Welsh MSP.
- Guidewire Software has acquired HazardHub, a leading insurtech provider of API-driven property risk insights to the P&C insurance industry.
- Hootsuite bought Heyday Technologies, an AI company that offers chatbots.
- JPMorgan purchased Tavisca, an Indian technology platform for travel solutions.
- Microsoft acquired Peer5, a company that provides live video-streaming.
- UK-based Modern Networks bought Bridge Fibre, a fibre internet and telecoms services provider; and Response IT, an IT services MSP.
- NCR purchased Foremost Business Systems, a point-of-sale and restaurant solutions provider.
- NetGain Technologies acquired TruTechnology, a peer, in a mainly geographical expansion move.
- Payscale bought CURO Compensation, a global leader in pay equity and compensation management technology.
- PDFTron Systems purchased Solid Documents, a provider of best-in-class document reconstruction and archiving solutions embedded in blue-chip company internal software and in major commercial document applications such as Adobe’s flagship PDF product line, Acrobat.
- Peak Rock Capital acquired Amtech Software, a provider of enterprise resource planning software and technology services.
- Roblox bought Guilded, a privately-held company focused on building a platform to connect gaming communities.
- Scientific Games purchased Lightning Box, a content studio.
- Sophos acquired Refactr, which develops and markets a versatile DevSecOps automation platform that bridges the gap between DevOps and cyber security.
- Unity bought OTO, an AI-driven acoustic intelligence platform that can be leveraged to build and foster safer gaming environments with voice and text chat environments.
- upGrad purchased KnowledgeHut, an edtech company that aims to equip the global workforce with the skills of the future through outcome-based immersive learning.
- Veeva Systems acquired Learnaboutgmp, a leading provider of accredited GxP training for life sciences.
- Workiva bought OneCloud, a next generation iPaaS provider.
- XpertHR purchased Gapsquare, the provider of advanced people analytics software, which analyses and tracks pay disparity, pay equality and pay gap data.
- Accel-KKR has agreed to acquire New Zealand-based Unimarket, a provider of procurement software and services.
- Adobe will purchase Frame.io, a cloud-based video collaboration platform ($1.27 billion).
- Alight Solutions has signed a definitive agreement to acquire ConsumerMedical, a leading clinical advocacy and expert medical opinion company.
- Altice Portugal has set up a new business named Infratower, to which it will transfer around 700 mobile towers. This move is part of a wider deal with Cellnex that will see Altice hand over the new tower unit to the infrastructure giant for around €209 million.
- Anexinet has reached an agreement to acquire Light Networks, a communications-focused solution provider.
- Apollo Global Management and Lumen Technologies have entered into a definitive agreement to acquire Lumen’s ILEC assets and all associated operations across 20 states ($7.5 billion).
- Cisco will buy Epsagon, an Israeli application monitoring company ($500 million).
- Comcast plans to nab Masergy Communications, a channel-first hybrid networking and SDN specialist.
- Elastic has agreed to acquire Israel-based build.security, a policy definition and enforcement platform.
- Facebook’s acquisition of Kustomer may hurt competition and boost its market power in online advertising, European Union anti-trust regulators have warned as they open a full-scale investigation into the deal.
- Glimpse Group has acquired the assets of Augmented Reality Investments, an Australia-based company that provides AR software and services to the architecture, engineering and construction industry.
- Inovalon has entered into a definitive agreement to be acquired by an equity consortium led by Nordic Capital, and joined by Insight Partners as lead co-investor.
- Marvell Technology has agreed to buy Innovium, a chip start-up ($1.1 billion).
- Taiwan-based MPI has entered into a definitive agreement to acquire US-based Celadon Systems, which specialises in ultra-high-performance probe cards.
- NortonLifeLock will purchase…
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