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BitGo Acquires Brassica

Finsmes · 1y ago

BitGo Acquires Brassica

BitGo, a digital asset company, has acquired Brassica, a provider of investment infrastructure for private securities and alternative investments. The financial terms of the deal were not disclosed. This acquisition positions BitGo to offer comprehensive support for both traditional private securities and blockchain-based assets, expanding its global presence. The move aims to advance the digitization of the alternative asset industry, enabling a borderless and accessible financial services economy. BitGo, which raised $100 million in 2023, plans to develop new products across asset classes to provide integrated platform solutions for its customers.

Related News

Crypto custody startup BitGo confidentially files for US IPO - The Economic Times

Economic Times

Economic Times · 18d ago

Crypto custody startup BitGo confidentially files for US IPO - The Economic Times

BitGo, a crypto custody firm, has confidentially filed for a U.S. IPO amid a surge in the crypto sector, which recently hit a $4 trillion market value. This growth is fueled by corporate treasury adoption, regulatory clarity, and increased institutional inflows. BitGo's move follows a trend of crypto companies, such as Grayscale and Gemini, seeking public listings. Founded in 2013, BitGo raised $100 million at a $1.75 billion valuation in 2023.

Plane acquires US-based Sort

Entrackr

Entrackr · 2m ago

Plane acquires US-based Sort

Open-source project management startup Plane has acquired Sort, a US-based engineering team specializing in AI-native enterprise workflows, marking its official expansion into the North American market. The move comes 18 months after Plane raised $4 million in seed funding. The Sort team brings deep expertise in enterprise software and AI systems, using Plane’s capabilities in infrastructure, on-prem deployment, and workflow automation. The acquisition strengthens Plane’s product offering as a modern, self-hosted platform tailored for security-conscious organizations, and accelerates its enterprise go-to-market efforts across North America. Plane is an open-source project management platform built for modern teams, combining task tracking, wikis, and timelines in a unified interface. With advanced features like custom workflows, RBAC, audit logs, and air-gapped deployments, it serves over 100,000 users globally. With its US expansion and a team featuring veterans from MongoDB, PayPal, Elastic, and BitGo, Plane is planning to become a category-defining Work OS that balances openness, control, and enterprise-grade performance.

Armis Acquires CTCI

Finsmes · 1y ago

Armis Acquires CTCI

Armis, a San Francisco-based cybersecurity company, has acquired CTCI, an AI-powered pre-attack threat hunting technology company based in Oregon. The financial terms of the deal were not disclosed. Armis plans to merge CTCI with its own operations and integrate their technology into Armis Centrix™, creating an advanced early warning cyber intelligence system. This acquisition solidifies Armis' commitment to being a comprehensive platform for managing an organization's entire attack surface.

Shutterstock Acquires Backgrid

Finsmes · 1y ago

Shutterstock Acquires Backgrid

Shutterstock, a global creative platform, has acquired Backgrid, a premier celebrity news destination. This acquisition will expand Shutterstock's content archive by over 30 million images and videos, adding to its global network of photographers and enhancing its editorial coverage in the US and worldwide. Backgrid's CEO, Alex Kantif, expressed excitement about the growth and innovation opportunities that come with this deal.

Nexthink Acquires AppLearn

Finsmes · 1y ago

Nexthink Acquires AppLearn

Nexthink, a digital employee experience management software provider, has acquired AppLearn, a provider of learning and digital adoption guidance for employees. The terms of the deal were not disclosed. With this acquisition, Nexthink aims to provide enterprises with a comprehensive solution for digital workplace management, saving time for both employees and IT departments. AppLearn's expertise in enhancing digital dexterity and empowering IT with insights will complement Nexthink's capabilities in diagnosing and addressing issues impacting employees' digital experiences.

Archer Acquires Compliance.ai

Finsmes · 1y ago

Archer Acquires Compliance.ai

Overland Park-based company, Archer, has acquired Compliance.ai, a provider of artificial intelligence-driven regulatory change management solutions. The deal amount was not disclosed. The acquisition will allow Archer's clients to enhance their compliance efforts using AI technology to automate monitoring, tracking, reporting, and responding to regulatory changes in real time. Compliance.ai uses machine learning and AI to analyze and enrich regulatory activities, simplifying obligation management for comprehensive compliance coverage. Archer specializes in risk management solutions and helps organizations manage risk, ensure compliance, and address emerging challenges like ESG and operational resilience.

Nordic Capital Acquires Zafin

Finsmes · 1y ago

Nordic Capital Acquires Zafin

Nordic Capital has acquired a majority share in Zafin, a Canadian provider of SaaS solutions for financial institutions. The deal, expected to be completed in Q1 2024, was made in partnership with Zafin's founders and management. Zafin's platform allows banks to manage relationship pricing, products, and packages, ensuring compliance and operational control. The company serves a global customer base, including Wells Fargo, HSBC, and PNC. The financial terms of the agreement were not disclosed.

Scoop: Lensrentals acquires BorrowLenses

TechCrunch · 1y ago

Scoop: Lensrentals acquires BorrowLenses

Online rental service Lensrentals has acquired rival company BorrowLenses. Terms of the cash deal have not been disclosed. Lensrentals, which allows customers to rent photo, video, audio and lighting equipment, has operated with a larger team and customer base than its competitor since being founded in 2006. BorrowLenses, purchased by Shutterfly in 2021, has differentiated itself with a localized approach and an educational focus. It remains unknown what the acquisition will mean for BorrowLenses employees and the future of the San Carlos site.

CARS24 acquires Team-BHP

Entrackr

Entrackr · 3m ago

CARS24 acquires Team-BHP

CARS24 acquires Team-BHP CARS24 has acquired Team-BHP, a major automotive community platform in India. The move aims to improve digital infrastructure and enhance automotive decision-making for users. Team-BHP will continue to operate under its founding team with its current policies, including no advertising and community-based moderation, the company said in a press release. Founded in 2004, Team-BHP provides user-driven reviews, ownership reports, and vehicle insights. CARS24 will focus on integrating technology, product upgrades, and AI tools into Team-BHP without altering its core operations. Vikram Chopra, CEO of CARS24, stated that the partnership will support better data use and expand platform capabilities. Rush Parekh, founder of Team-BHP, emphasized the platform's continued independence while leveraging new resources for growth. The companies will work together to enhance features for users involved in vehicle buying, selling, and ownership. CARS24, which is backed by Alpha Wave, SoftBank, Tencent, and DST Global, claims to have sold 200,000 cars in the fiscal year ending in March 2024. During the period, its gross revenue grew to Rs 6,917 crore from Rs 5,530 crore in the previous fiscal year.

Airbnb acquires AI startup GamePlanner

Economic Times

Economic Times · 1y ago

Airbnb acquires AI startup GamePlanner

Airbnb has acquired GamePlanner.AI, a 12-person startup founded by Adam Cheyer, co-founder of Apple's Siri voice assistant. The deal, reportedly valued at just under $200 million, expands Airbnb's AI capabilities with GamePlanner.AI's technology. Airbnb CEO Brian Chesky highlighted the transformative impact of AI, and the acquisition aligns with the trend among travel companies, including Booking and Expedia, to integrate AI for enhanced customer experiences and itinerary suggestions. Airbnb did not disclose specific details of the acquisition.

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