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AOL Bulks Up Seed, Acquires StudioNow For $36.5 Million - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. AOL Bulks Up Seed, Acquires StudioNow For $36.5 Million Jay Yarow Jan. 25, 2010, 7:22 AM 2,493 4 facebook linkedin twitter email print AOL has made its first acquisition since being spun out of Time Warner. AOL announced the purchase of StudioNow, a video creation/distribution company, for $36.5 million in stock and cash. The deal closed on January 22. The cash will be paid out over multiple years. StudioNow's video technology will be integrated into AOL's big content machine, Seed.com. AOL will be able to accept and distribute video offerings through StudioNow. It also announced today the hiring of Jeff Reynar to oversee Seed. He'll probably be in charge of integrating StudioNow into Seed. Here's a release: AOL Inc. (NYSE: AOL) today announced that it has acquired StudioNow Inc., the premier online platform for quality video creation and distribution. The acquisition will allow AOL to integrate a fully functional video creation platform into its newly-launched content management system, Seed.com. StudioNow will also continue to develop its existing business as a provider of online video creation, management, storage and syndication services to commercial companies. The acquisition of StudioNow closed on January 22 and was valued at $36.5 million in cash and stock with a portion of the cash paid out over multiple years. “The successful combination of a talented team, innovative technology, seasoned/professional video creators and strong client service has rapidly established StudioNow as a leader in online video creation and syndication. Those strengths bring AOL significant strategic benefits and we’re delighted that StudioNow is joining the AOL family,” said Tim Armstrong, AOL CEO and Chairman. “Premium original video creation is a fundamental part of AOL’s strategy to offer consumers world-class, stimulating content at scale and the integration of StudioNow into Seed.com will enable us to increase our video content/offerings significantly.” Founded in January 2007 with headquarters in Nashville, TN, StudioNow partners with blue chip, mid-sized and local companies to create, store, and manage content and syndicate it to online video channels and portals. The company connects clients with its more than 3,000 freelance filmmakers, editors, animators, voice talent and writers/producers to create quality, professional video at an affordable price. In 2009, StudioNow was selected for inclusion on the AlwaysOn Global 250 Top Private Companies List, which honors private, emerging technology companies that create new business opportunities in high-growth markets. “StudioNow and AOL share a passionate commitment to high-quality content, services and technology and that makes us a natural fit for this new partnership,” said StudioNow’s co-founder and CEO David Mason. “This new chapter for StudioNow presents a tremendous opportunity for our growing professional creative network to reach new audiences, diversify their assignments and increase their income as the number of projects coming from the numerous AOL properties will create a surge in video assignments.” AOL’s newly launched content management system, Seed.com, assigns, buys and distributes work for all of AOL’s properties in order to meet consumer demand for relevant content in areas including entertainment, news and sports, lifestyle, technology, money and finance, among others. Seed.com allows talented professional contributors to be seen, heard and read on AOL’s more than 80 premium branded and niche content sites. Seed.com will harness StudioNow’s technology platform and national network of more than 3,000 creative professionals to develop and produce quality, professional video at the request of AOL editors in a way that is rapid, efficient and scalable. AOL also expects to leverage StudioNow’s technology and resources to complement the ongoing work of its in-house studios, both for AOL productions, which creates original video programming such as AOL Sessions, Unscripted, Moviefone Minute and the Engadget Show, and for its branded advertising and content partners. “The distributed production capabilities offered by StudioNow, combined with our in-house production studio and video resources, help position AOL to capitalize even more fully on the projected growth of video as it establishes itself as a key form of brand advertising in the digital space,” said Armstrong. eMarketer projects that U.S. online video advertising spending will increase from $734 million in 2008 to $5.2 billion by 2014. This growth will far outpace any other online format, with a compounded annual growth rate of approximately 39% between 2008 and 2014.1 More: Online News Media AOL Online Advertising Display Advertising facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading AOL Bulks Up Seed, Acquires StudioNow For $36.5 Million AOL Bulks Up Seed, Acquires StudioNow For $36.5 Million AOL buys the video distribution platform in a stock and cash transaction. 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PPR to acquire Jeweler Qeelin - Business Insider Life BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × PPR to acquire Jeweler Qeelin Christopher Parr, Pursuitist Dec. 9, 2012, 11:26 PM 6 facebook linkedin twitter email print Christopher Parr Christopher Parr is the CEO and Editor of Pursuitist Recent Posts Luxury Travel Trends For 2014: Private Jet Travel, Mexico and Africa Four Days with the 2014 Ferrari FF Joël Robuchon: An Interview With The Chef Of The Century Via the Wall Street Journal: PPR is acquiring Chinese fine-jewelry maker Qeelin Ltd., the French company's first Asian label, highlighting the powerful role China is playing in the luxury world. China is "already an absolutely immense market, it will become even more so," said François-Henri Pinault, chief executive of PPR, whose labels include Gucci, Yves Saint Laurent and Stella McCartney. "A brand whose origins, its codes, its DNA are Chinese will benefit from a considerable advantage." Read more posts on Pursuitist » Read the original article on Pursuitist. Copyright 2012. Follow Pursuitist on Twitter. More from Pursuitist: This Iconic Martha’s Vineyard Establishment Is About to Celebrate 125 Years Dilbar, The World’s Largest Superyacht Famous Fashion Photographer Bill Cunningham Dies At Age 87 facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading PPR to acquire Jeweler Qeelin PPR to acquire Jeweler Qeelin Via the Wall Street Journal: PPR is acquiring Chinese fine-jewelry maker Qeelin Ltd., the French ... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Life Emails & Alerts Sign-Up Learn More » Life Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Casper Acquired by PE Firm Durational Capital Management Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Retail Mattress firm Casper to be taken private by PE firm Durational Capital Management in a deal valuing the company at roughly $286 million Tanya Dua and Sindhu Sundar 2021-11-15T14:37:58Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Casper CEO Philip Krim Getty Images Mattress company Casper will be acquired and taken private by PE firm Durational Capital Management. The deal values it at a roughly 94% premium, putting its value at roughly $286 million. Rumors have swirled of a possible deal in recent weeks. Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. The direct-to-consumer sleep company Casper will be acquired and taken private by private equity firm Durational Capital Management, the company announced Monday morning.The deal values the company at a roughly 94% premium to its closing price on Friday, November 12, putting the value of the company at roughly $286 million, per Insider's calculation.Casper's stock closed Friday at $3.55 per share. Durational Capital has agreed to pay $6.90 for each Casper share outstanding, the company said in a press release."This agreement offers a promising opportunity to realize the highest value for our stockholders while providing Casper with much needed capital to execute on future initiatives to sustain and grow its business," said Casper co-founder and CEO Philip Krim. Krim said the company evaluated a range of strategic and financial alternatives with outside advisors and Casper's board before deciding that this one was the best choice. Casper separately reported revenue of $156.5 million in its third-quarter earnings, up 26.8% year-over-year. But the topline growth wasn't enough to stanch the company's losses since its February 2020 IPO. It reported $25.3 million in net losses Monday.The company said it would not be conducting its third-quarter 2021 conference call and webcast, previously scheduled for 5 p.m. ET on November 15. It plans to file its quarterly report with the Securities and Exchange Commission. It also announced that Emilie Arel, the company's president, is replacing Krim as CEO. Rumors have swirled of a possible deal in recent weeks. The acquisition comes on the heels of Casper disclosing plans to raise capital through a variety of securities offerings in an S-3 filing on Oct. 25 as it bled through cash, as Insider first reported. Casper also worked with management consulting firm AlixPartners as it explored multiple financing options and looked to restructure its business and cut costs, three sources with direct knowledge of the firm's involvement told Insider previously. Casper's board has unanimously approved the transaction. The transaction is expected to close in the first quarter of 2022 and is not subject to a financing condition. Durational has committed debt financing led by KKR Credit and Callodine Commercial Finance, LLC. Casper shares shot up more than 92% to $6.82 in premarket trading Monday following the news. Competitors Tempur-Sealy International and Sleep Number are both up less than 1%.Ongoing losses have become commonplace in the venture-backed startup world, epitomized by the likes of Uber and Lyft continuing to post losses in the year since they've gone public. While investors in such tech companies stick around in hopes they'll eventually dominate the market and turn profits, Casper's falling stock price in a competitive and otherwise profitable mattress industry seemed to signal declining investor confidence.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading NOW WATCH: More: Casper Tempur Sealy Private Equity Acquisition DTC Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Intel May Have Bailed on What Could Have Been Its Biggest Acquisition Ever Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Intel reportedly drops $13 billion acquisition talks with Altera Lisa Eadicicco 2015-04-09T13:12:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Intel CEO Brian Krzanich. Robert Galbraith/Reuters Intel has reportedly dropped acquisition talks with Altera, according to CNBC's David Faber. The Wall Street Journal reported last month that Intel was considering buying the chip-making company, which has a market value of $10.4 billion.After CNBC's report, Altera stock dropped by more than 11% in premarket trading. Neither party could agree on a price, according to CNBC, and the two companies have not spoken in more than a week. Intel's initial offer was said to be about $50 per share. Analysts previously predicted that Intel would have to spend more than $13 billion on the deal.The deal would have made sense for Intel — 90% of the company's operating profit comes from PC chips. The deal with Altera would have allowed Intel to diversify its business. Intel also cut its Q1 outlook by almost $1 billion last month because of desktop PC sales that were weaker than expected.Altera makes FPGA chips, which are special types of chips that can adjust their functionality after manufacturing. Intel's CPU chips can perform only one set of functions after they are made.At its current market value, Altera would have been Intel's largest acquisition, passing Intel's $7.68 billion acquisition of McAfee in 2010. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. 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Kevin Systrom, Matt Cohler Discuss Facebook Buying Instagram: Full Text Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech If you've ever wondered how a startup founder mulls a giant acquisition offer, read all of the texts between Instagram cofounder Kevin Systrom and one of his investors after Mark Zuckerberg first approached them Avery Hartmans 2020-07-29T23:16:05Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Instagram cofounder Kevin Systrom, left, and Facebook CEO Mark Zuckerberg. Getty Images; Francois Mori/AP Redeem now The House Judiciary Committee has published documents relating to its tech antitrust investigation, including a copy of a conversation between Instagram cofounder and Benchmark investor Matt Cohler.The conversation — which took place in 2012, prior to Facebook's $1 billion acquisition of Instagram — provides a rare glimpse into the mind of a startup founder when a would-be buyer comes calling.You can read the full conversation below, in which Systrom wonders whether Zuckerberg will "go into destroy mode" if Instagram chose to stay independent.Visit Business Insider's homepage for more stories. Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. The tech antitrust hearing has revealed a number of surprising pieces of information about the businesses of Amazon, Apple, Facebook, and Google. But it's also afforded a peek into the mindset of tech founders, offering a glimpse into some never-before-seen conversations.The House Committee on the Judiciary on Wednesday published documents relating to its antitrust investigation into some of the biggest companies in tech, including a trove of emails between Zuckerberg and employees, as well as messages related to Facebook's business.One such message exchange is between two individuals whose names are redacted, but whom the Judiciary Committee's website identifies as Instagram cofounder Kevin Systrom and Benchmark investor Matt Cohler. The conversation revealed Systrom's mindset at a time when Instagram was will an independent company. The exchange took place in 2012, before Instagram was acquired by Facebook for $1 billion. While it's only one conversation, it provides a rare look into the mind of a startup founder as he weighs a potential acquisition, including whether Zuckerberg would "go into destroy mode" if Systrom turned down an offer. Read the full conversation between Systrom and Cohler below: House Committee on the Judiciary House Committee on the Judiciary House Committee on the Judiciary House Committee on the Judiciary   Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading NOW WATCH: Watch Mark Zuckerberg outline Facebook's new 6-principle approach to privacy More: Tech Facebook Instagram Mark Zuckerberg Kevin Systrom Antitrust Investigation Tech antitrust Tech antitrust hearing 2020 Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. 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Intel Acquires Basis Science - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Intel Bought A Wearable Fitness Band Company For A Reported $100 Million Lisa Eadicicco Mar. 25, 2014, 5:27 PM 1,465 facebook linkedin twitter email print IntelIntel CEO Brian Krzanich See Also Russia is already exacting its revenge on Turkey for downing a Russian warplane A teen who ran away to join ISIS was beaten to death when she tried to flee POWER RANKINGS: Here's who has the best chance at being our next president At this year's Consumer Electronics Show, chip maker Intel emphasized that it plans to delve deeper into the wearables space, and today the company has further proved that notion. Intel just announced that it has completed its acquisition of Basis Science. It didn't disclose the financials behind the deal, but according to TechCrunch, Intel paid about $100 million. Basis Science is the creator behind the Basis B1 fitness band, a wristband that's capable of capturing heart rate patterns, sleep stages, motion, and burned calories, among other stats. Intel says the acquisition is part of an effort to expand its expertise in the wearable device category. Rather than branding products under its own name, Intel says it plans to create wearable reference designs, chipsets, and other technology to be used by its customers in the development of wearable gadgets. At CES 2014, Intel showcased a few wearable reference designs, including a pair of smart earbuds that can urge its wearer to keep exercising along with a smartwatch prototype. Intel expressed interest in the wearable display category as well when it invested in Recon Instruments, creator of the Jet sports-oriented smart eyewear, in September of last year. Basis products will continue to be sold through the company's current retail channels, and TechCrunch reports that the fitness tracker creator had previously been in talks with Google, Apple, Samsung, and possibly Microsoft before inking the deal with Intel.  SEE ALSO: Here's Your Best Look Yet At Google's New Android Smartwatches More: Smartwatch Wearable Technology Intel Fitness Tracker facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Intel Bought A Wearable Fitness Band Company For A Reported $100 Million Intel Bought A Wearable Fitness Band Company For A Reported $100 Million Intel has acquired the team behind the Basis B1 fitness tracker for a price that's reported to be around $100 million.  Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Thanksgiving Store Countdown to Black Friday - Deals of the Week The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Yahoo Acquires Startup OnTheAir - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Yahoo Acquires Startup OnTheAir Nicholas Carlson Dec. 4, 2012, 12:22 PM 4,061 facebook linkedin twitter email print Yahoo has acquired a startup called OnTheAir.  OnTheAir launched in March of this year. It's been described in the past as a "Skype Meets Google+ Hangouts." A Mashable review of the product says this is how it works: "Say you want to host a channel about blogging, you can schedule live conversations at any time and moderate who speaks. If you connect the tool to Facebook and Twitter, the site automatically shares the time of the chat to Facebook friends and Twitter followers." Investors include Scott Banister, Will Smith, True Ventures, and Triple Point Ventures. Yahoo CEO Marissa Mayer has said that one way she intends to restock the company with talented engineers is through small acquisitions. These transactions are often called aqui-hires. They are a nice way for a failed company to end. Here's the blog post from OnTheAir, announcing the news: We are excited to share some big news: OnTheAir has been acquired by Yahoo!. When we started OnTheAir, we had dreams of building a company that made a difference in the daily lives of millions. Our pursuit was challenging: We put in late nights together. We debated intensely. We worked like crazy to build a product we were proud to put our name on. Despite the challenges, our experience has been a rewarding one. We got to launch multiple products to a wonderful community. We were coached and mentored by some of the brightest investors and advisors in Technology (see our list below and work with them if you ever get the chance!). Most importantly, we developed deep bonds as a team and learned how to work together as a unit. While we haven’t yet attained our dream of building a widespread daily use product, we are just as committed to it. And this is why we’re so excited to be joining Yahoo!. When we first met with the team at Yahoo!, it was clear that everybody there is committed to making mobile products the backbone for the world’s daily habits. All in all, it’s a fascinating time to be joining Yahoo!. There’s a tremendous amount of energy in the company. There are big things to be done and great products to be built, and we’re thrilled to be a part of it. We want to conclude this letter with a word of gratitude. Thank you to all of our customers, team members, mentors, advisors, investors, consultants, friends, and family for being a special part of OnTheAir. Building a company is no easy task, and we realize we wouldn’t be anywhere without your support. The OnTheAir TeamAbel, Dan, Erik, Josh, and Mike More: Yahoo facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Yahoo Acquires Startup OnTheAir Yahoo Acquires Startup OnTheAir It's "Skype Meets Google+ Hangouts." 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Italian High Court Overturns Acquittal Of Amanda Knox http://www.businessinsider.com/italian-high-court-overturns-amanda-knox-acquittal-2013-3/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Thu, 05 May 2016 19:01:02 -0400 Joe Weisenthal and Michael B Kelley http://www.businessinsider.com/c/5151c735ecad049c36000004 Luciano Tue, 26 Mar 2013 12:05:09 -0400 http://www.businessinsider.com/c/5151c735ecad049c36000004 Considering that Italy is in a ridiculous debt situation, where does it find the money to pursue pointless expensive trials? http://www.businessinsider.com/c/5151bb1869beddd160000027 O.J. Simpson Tue, 26 Mar 2013 11:13:28 -0400 http://www.businessinsider.com/c/5151bb1869beddd160000027 Like any of that matters. http://www.businessinsider.com/c/51519c49ecad04d15f00000e France, too? Tue, 26 Mar 2013 09:02:01 -0400 http://www.businessinsider.com/c/51519c49ecad04d15f00000e How long did it take france to extradite Ira Einhorn? Someone that was actually guilty. If her aquittal would count this trial as double jeopardy it would not be extraditable. She won't be found guilty a second time. The first one was a travesty http://www.businessinsider.com/c/51519b8fecad04495e000030 You're a fool Tue, 26 Mar 2013 08:58:55 -0400 http://www.businessinsider.com/c/51519b8fecad04495e000030 There is zero evidence that wasn't manuafactured against her. And the manufactured evidence was of Italian production quality, inferior like their cars. What a joke, the African guy wasn't even considered until it was his DNA all over the scene. The insane prosecutor then had to explain the presence of an african drifter at a murder scene that he already fingered someone at. http://www.businessinsider.com/c/51519a2f69bedd680600001d COEURL Tue, 26 Mar 2013 08:53:03 -0400 http://www.businessinsider.com/c/51519a2f69bedd680600001d Innocent? on what basis you say that? Everybody knows that she is guilty... Not even his millions of dollars worthy lawyer was able to defend her. http://www.businessinsider.com/c/51519380eab8eae231000008 hempshaw Tue, 26 Mar 2013 08:24:32 -0400 http://www.businessinsider.com/c/51519380eab8eae231000008 How many "burn the witch" lemmings are there? She's innocent. http://www.businessinsider.com/c/515192db69bedd2473000012 Brandon Bertrand Tue, 26 Mar 2013 08:21:47 -0400 http://www.businessinsider.com/c/515192db69bedd2473000012 From my understanding she was being interrogation for hours on end and was asked who she thinks/suspects could have done it. I was not in the room at the time of the murder so I can't say for sure, but we can all agree that this case has been a joke since day 1. http://www.businessinsider.com/c/5151923f6bb3f72944000006 Brandon Bertrand Tue, 26 Mar 2013 08:19:11 -0400 http://www.businessinsider.com/c/5151923f6bb3f72944000006 So she is guilty because a bar owner said she was a fantastic actress? I think that due to the tainted evidence and overwhelming prejudice in this case it should not be a retried. http://www.businessinsider.com/c/51518c20eab8ea1f24000001 Extradition Treaty - One Way Only? Tue, 26 Mar 2013 07:53:04 -0400 http://www.businessinsider.com/c/51518c20eab8ea1f24000001 If she isn't extradited to Italy, a friendly nation which also extradites Italian criminals to the United States if need be, then the United States is officially a banana republic harboring internationally sought criminals. An extradition treaty apparently exists, so that shouldn't be an obstacle. If that treaty goes one way only, Italy should throw it into the trash bin right away. <a href="http://en.wikipedia.org/wiki/List_of_United_States_extradition_treaties" target="_blank" rel="nofollow" >http://en.wikipedia.org/wiki/List_of_United_States_extradition_treaties</a> It's a mystery to me why Americans defend this girl. Or perhaps these people are part of the Knox propaganda team, that's possible too. They should feel sorry for the murder victim, Meredith Kercher, who's throat was slit. She's rarely even mentioned. They shouldn't feel sorry for Amanda Knox, who destroyed the life of innocent man Patrick Lumumba. "Amanda Knox is a fantastic actress, says bar owner she accused of murder" <a href="http://www.dailymail.co.uk/news/article-2047234/Amanda-Knox-fantastic-actress-says-Patrick-Lumumba-accused-murder.html" target="_blank" rel="nofollow" >http://www.dailymail.co.uk/news/article-2047234/Amanda-Knox-fantastic-actress-says-Patrick-Lumumba-accused-murder.html</a> http://www.businessinsider.com/c/51518a51eab8eab719000021 flaislo Tue, 26 Mar 2013 07:45:21 -0400 http://www.businessinsider.com/c/51518a51eab8eab719000021 She has killed a young innocent girl!! Think about the parents of poor Meredith, a normal student living a dream in Italy, till three assassins killed her!! http://www.businessinsider.com/c/5151898aecad04033f000006 flaislo Tue, 26 Mar 2013 07:42:02 -0400 http://www.businessinsider.com/c/5151898aecad04033f000006 She killed someone!! I think that you are the clown here!! http://www.businessinsider.com/c/515186a0eab8eada1100001f Guilty Tue, 26 Mar 2013 07:29:36 -0400 http://www.businessinsider.com/c/515186a0eab8eada1100001f Good, good, good. She blamed an innocent man for the murder. Why would an innocent person do that? "Amanda Knox 'a she-devil who destroyed life of innocent man'" <a href="http://www.telegraph.co.uk/news/worldnews/europe/italy/6671658/Amanda-Knox-a-she-devil-who-destroyed-life-of-innocent-man.html" target="_blank" rel="nofollow" >http://www.telegraph.co.uk/news/worldnews/europe/italy/6671658/Amanda-Knox-a-she-devil-who-destroyed-life-of-innocent-man.html</a> http://www.businessinsider.com/c/51517fdaecad04802d000007 limmy Tue, 26 Mar 2013 07:00:42 -0400 http://www.businessinsider.com/c/51517fdaecad04802d000007 Well they sure did bungle this case. Unless they have some new compelling evidence, this case is over. http://www.businessinsider.com/c/51517f85ecad041227000013 Nick Tue, 26 Mar 2013 06:59:17 -0400 http://www.businessinsider.com/c/51517f85ecad041227000013 Oh yes right.. This is so going to happen. And while we're... why you dont also give the Captain Richard J. Ashby: <a href="http://en.wikipedia.org/wiki/Cavalese_cable_car_disaster_%281998%29" target="_blank" rel="nofollow" >http://en.wikipedia.org/wiki/Cavalese_cable_car_disaster_%281998%29</a> http://www.businessinsider.com/c/51517b0369bedd6037000039 Ev Tue, 26 Mar 2013 06:40:03 -0400 http://www.businessinsider.com/c/51517b0369bedd6037000039 Doesn't Italy have bugger problems than this kid right now? http://www.businessinsider.com/c/51517a4269bedd173a000005 nigga Tue, 26 Mar 2013 06:36:50 -0400 http://www.businessinsider.com/c/51517a4269bedd173a000005 she is guilty, even the nigga that was convicted to 30 years said that during that night he was killing the girl with amanda and sollecito http://www.businessinsider.com/c/51516e1b69bedd361900000b Venom Tue, 26 Mar 2013 05:44:59 -0400 http://www.businessinsider.com/c/51516e1b69bedd361900000b Have you never heard of extradition? http://www.businessinsider.com/c/51516b5969bedd6216000007 Nick Tue, 26 Mar 2013 05:33:13 -0400 http://www.businessinsider.com/c/51516b5969bedd6216000007 Forced to go back there? by who? http://www.businessinsider.com/c/515168c56bb3f7df7100000c Venom Tue, 26 Mar 2013 05:22:13 -0400 http://www.businessinsider.com/c/515168c56bb3f7df7100000c This is total crap. I hope she can't be forced to go back there and can stay here and tell them and their kangaroo court to eff off. http://www.businessinsider.com/c/515167dd69beddee09000005 Extra Dishin Tue, 26 Mar 2013 05:18:21 -0400 http://www.businessinsider.com/c/515167dd69beddee09000005 Do they REALLY think Ms Foxy is going to get on the plane voluntarily, to enjoy being a playtoy in that failed state's clown justice system? Hell, she could get that treatment right in her hometown!

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Government Executive Is Profitable and Looking to Make Acquisitions Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Media Government Executive built a profitable media company after spinning off from Atlantic Media last year. Now it's on the hunt for acquisitions. Steven Perlberg 2021-04-22T07:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Dr. Anthony Fauci was inducted into GovExec's "Government Hall of Fame" in 2019. The B2B publisher was forced to rethink its live events business during the pandemic. GovExec This story is available exclusively to Insider subscribers. Become an Insider and start reading now. GovExec expects to make more than $30 million in revenue this year. The company has a profit margin north of 20%, its chairman said. GovExec acquired City & State and is now looking to make more purchases. A year ago, employees at Government Executive Media Group got the kind of news that workers in the media industry have come to fear: the company was spinning off from its longtime owner Atlantic Media and would now be controlled by a little-known private equity firm.Far from making cuts, however, the company — whose publications cover the inner workings of the federal government — has expanded, growing from 80 to 160 employees. It made about $20 million in revenue last year, with the goal of bringing in more than $30 million this year, according to CEO Tim Hartman.Rebranding itself this month as simply GovExec, the company has a profit margin north of 20%, said Peter Goldstone, the chairman of the board who helped put together the spinoff. (Atlantic Media's David Bradley has spent the last few years offloading his various media holdings, like the Atlantic and Quartz).Now, GovExec is looking to make more acquisitions following its recent purchases of New York politics publication City & State and local government market intelligence service the Atlas for Cities."It's a different M&A model than you see in typical media companies," Hartman said. "We're looking to catalyze growth and create a portfolio of growth products that are all oriented around the public sector."GovExec operates its namesake publication, the more than 50-year-old Government Executive, as well as Defense One (focused on the military), Nextgov (technology), and Route Fifty (state and local). Backed by private equity firm Growth Catalyst Partners, GovExec targets workers inside the federal government and says it reaches about 3 million professionals between its properties.Hartman said the company will expand City & State to different locations, starting with resurrecting the company's previous effort in Pennsylvania. He envisions a City & State in markets like California, Florida, and Texas in the future.B2B media has been a bright spot in an industry that struggled during the pandemic, leading to layoffs and furloughs across the media world. Hartman said that GovExec was able to grow thanks to its stable of tech advertisers who wanted to reach government workers during the pandemic. The company's advertisers include Cisco, AWS, and Google.Other niche media companies like Industry Dive have also thrived recently, boosted by the soaring B2B advertising market, up 22.6% in 2020 to $8.14 billion, according to eMarketer."Vertical media businesses that target industries with a sizeable audience footprint have always been resilient," said Ana Milicevic, a principal and cofounder of the strategy consultancy Sparrow Advisers.But like all media companies, GovExec had to pause its live events business, which makes up about 30-35% of its revenue. The company put on 214 digital events last year, and intends to continue that way. "All of the indication from our audience is that they are not comfortable going back" to in-person events this year, said GovExec President Constance Sayers. GovExec CEO Tim Hartman and President Constance Sayers GovExec Staffers are still wary about the private equity ownershipThe expansion hasn't completely allayed fears inside GovExec, where some staffers are still wondering what leaving the umbrella of a media empire for private equity will mean for the future."We're not in this to cut costs," said Scott Peters, managing director of Growth Catalyst Partners. Peters said the goal is to transform GovExec into a bigger data and research company serving the federal government."My impression is most of us in editorial are still nervous," said one Government Executive staffer. "So far, the powers that be are all saying the right things and only talking about growth, but we're still a bit on edge about what the enterprise will look like in the medium and long term. Selfishly we'd also like to see more investment in the legacy brands rather than pouring money into acquisitions with amorphous connections to our core business."The company said that it has invested in its core products too, growing editorial positions at its original brands by 22% this year, including hiring more reporters at Defense One.Peters said Growth Catalyst Partners tends to think about flipping businesses after roughly five years — selling to either a strategic buyer or another private equity firm. "What we try to do is build a big enough business where whoever buys it can leave it alone," he said.After City & State, the company isn't likely to prioritize other pure media businesses as it hunts for acquisition targets. "At the top of the strategy is really to grow expansively into the data and business intelligence world," Goldstone said.For now, some City & State employees have welcomed the new owner. They have returned to their full salaries after working on 80% time and money during the pandemic."[GovExec] feels like a proud step parent. They are happy with City & State but not getting too involved with our lives, and as a reporter that's what I prefer," said political reporter Jeff Coltin. "Last year in the depth of the pandemic, I was personally afraid that City & State would fold, and ever since we were acquired in January, I no longer have that fear." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. 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REPORT: Apple Will Acquire Path, the Struggling Social Network Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech REPORT: Apple Will Acquire Path, The Struggling Social Network Jim Edwards 2014-09-10T08:22:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now The appearance of Path founder Dave Morin in the front row of Tuesday's iPhone 6 launch event has added credibility to a Pando report that says Apple is about to acquire the struggling social network. Morin tweeted a selfie of him and Dr Dre, who has occupied the front row slot at previous events. Dre's Beats Entertainment was Apple's last acquisition. —Dave Morin (@davemorin) September 9, 2014Pando writes:According to a single well-placed source inside Apple’s engineering team, the company is poised to announce an acquisition of Dave Morin’s Path social network. To quote our source, who requested to remain anonymous because the deal has not been announced yet, “It’s almost done, if not signed already, but it’s essentially a done deal.”Until recently, Path was all but written off by most people. The social network — which limits users to an exclusive ring of just 150 friends — laid off 20% of its staff a year ago and has gathered only 25 million users.More recently, Morin told BuzzFeed that Path "maybe" failed: “Did the experiment fail? Maybe,” he told BuzzFeed News. “Are we trying to take new approaches to the interface and approach it different ways than we did before? Absolutely. ... I think failure is a big part of life and being human the best thing we can do is keep moving forward.”Pando reports that Path's social network function might by incorporated into a revamped Messages app.Path and Apple have a history. It was a screwup by Path, in which the app by default uploaded iPhone users' entire contacts lists, that required Apple CEO Tim Cook to answer letters from Congress about Apple's efforts to protect user privacy.And, of course, Morin is a former Apple employee. He had a marketing and product role at the company from 2004 through 2006. 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Facebook Will Shut Down Hot Potato, Its Newest Acquisition, and Move CEO Justin Shaffer From New York to California ... Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Facebook will shut down Hot Potato, its newest acquisition, and move CEO Justin Shaffer from New York to California ... Updated 2010-08-10T20:37:44Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Facebook will shut down Hot Potato, its newest acquisition, and move CEO Justin Shaffer from New York to California to work on Facebook's location and events products, according to CNET's Caroline McCarthy. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Here's Why Cisco Made A Whopping $5 Billion Acquisition Today - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Here's Why Cisco Made A Whopping $5 Billion Acquisition Today Julie Bort Mar. 15, 2012, 11:23 AM 4,742 7 facebook linkedin twitter email print AP Images See Also Why Cisco paid $700 million for this guy's company after buying his last one for $3 billion Russia is already exacting its revenge on Turkey for downing a Russian warplane POWER RANKINGS: Here's who has the best chance at being our next president In its largest acquisition in years, Cisco today announced it was spending $5 billion to acquire NDS Group, maker of technologies for pay-per-view television. Cisco hasn't spent this much since it bought a company with similar technology in late 2005. It spent $6.9 billion on set-top box maker Scientific-Atlanta. The NDS Group makes software for cable and satellite providers. Cisco is on a mission to revamp pay-per-view television and turn it into a two-way interactive thing. With its Cisco Videoscape product, which it sells to service providers, TV viewers can interact with TV shows and ads in all sorts of ways. They can, from the video screen, chat about the TV show on Facebook or Twitter or they can pause a show and restart it on a mobile device. Most importantly for the service providers, viewers can also order products being advertised and have them billed to their cable TV statements. The NDS Group's software will be used to bolster Videoscape. NDS names some of the largest cable and satellite players worldwide as customers. Its U.S. customers include Cox and DIRECTV. Funny thing is, that just a few weeks ago, rumors were circulating that Cisco was going to dump Scientific Atlanta --  and get out of the set-top business. Cisco denied it. At the company's last earnings call with analysts, CEO John Chambers said that Cisco was going to do more here, bringing service providers technology for Internet-based set top boxes and cloud services. Big acquisitions like this are typical of Cisco when the company is trying to buy a customer base. If it succeeds, your television watching experience will never be the same. More: Cisco Acquisition Video Internet facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 7 Apply To Be An "Insider" » Loading Here's Why Cisco Made A Whopping $5 Billion Acquisition Today Here's Why Cisco Made A Whopping $5 Billion Acquisition Today Cisco is on a quest to build the next generation TV. Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Enterprise Emails & Alerts Sign-Up Learn More » Enterprise Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Thanksgiving Store Countdown to Black Friday - Deals of the Week The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Why Amazon Acquired Ring for $1 Billion Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Retail Amazon's $1 billion acquisition of the doorbell-camera startup Ring is the company doing what it does best — and it should terrify every other retailer Dennis Green 2018-03-03T15:30:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Amazon's Ring acquisition gives it a competitive edge in a few different ways. Facebook/Ring Redeem now Amazon is acquiring Ring, a startup that makes smart doorbells with cameras.This gives Amazon an extra leg up on smart-home tech and complements existing services that make ordering items from its website easier.This synergy is what the e-commerce giant does best, and it's a signal to other retailers that it will continue to innovate in this space. Amazon is acquiring Ring, a startup that specializes in smart-camera-equipped doorbells for dwellings. At a reported acquisition price north of $1 billion, Ring provides another suite of in-home smarts that both complement and extend Amazon's capability. It also fits in well with Amazon's existing obsession with adding value to its core online-shopping service.When the company first announced the launch of its in-home delivery service, Amazon Key, it had developed only the camera for it. It had to partner with existing smart-lock makers to create the kits it is currently selling to interested customers. But Ring's doorbells are equipped with cameras and audio equipment, and they can easily work with voice-enabled smart-home devices to add to that experience and take it to the next level. Alerts could tell you when the camera notices a delivery person outside your house, and an extra camera could provide more security for the whole operation. You can also chat with the delivery people themselves and answer their doorbell ring remotely. From there, you could tell them to just leave the package, or take it around the side of the house for safe-keeping. All of this could get also benefit from facial-recognition software, which it looks like Ring is developing.Amazon CEO Jeff Bezos hinted at acquisitions like this one in the company's most recent earnings release."Our 2017 projections for Alexa were very optimistic, and we far exceeded them. We don't see positive surprises of this magnitude very often — expect us to double down," Bezos said in a prepared statement. As Amazon becomes more central to the burgeoning smart-home market, moves that fuse tech and retail will only become more important for the company. "The trifecta of Alexa, Echo, and Prime should enable Amazon to further penetrate the consumer, expand Prime membership and retail spending patterns, while widening the company's consumer competitive moat with the Ring acquisition putting further fuel in this smart home engine for Amazon," GBH Insights analyst Daniel Ives wrote in a note to investors.Ring gives Amazon a boost to both its still-central e-commerce business and its burgeoning smart-home business. Amazon did this before with Alexa and Echo, and it's continuing that trend with Ring.That synergy is Amazon doing what it does best — bringing together two seemingly disparate sectors in new and interesting ways to provide a competitive edge and new services for consumers. Sign up for notifications from Insider! Stay up to date with what you want to know. 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MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION http://www.businessinsider.com/microsoft-acquires-yammer-for-12-billion-2012-6 en-us Mon, 25 Jun 2012 14:02:00 -0400 Thu, 20 Jun 2013 05:51:13 -0400 Matt Lynley http://www.businessinsider.com/c/4fe94a2ceab8eabd7f000012 N Tue, 26 Jun 2012 01:35:40 -0400 http://www.businessinsider.com/c/4fe94a2ceab8eabd7f000012 I'm no fuddy duddy when it comes to new technology but we tried Yammer and within a day went running back to iChat. It was so much slower. With iChat, you type your message and press Return. You don't need to use your mouse. I similarly don't understand Chatter, which also requires a lot of work to send a message. Ditto for CampFire. Whatever. http://www.businessinsider.com/c/4fe8f4b669beddd62f000011 Olternaut Mon, 25 Jun 2012 19:31:02 -0400 http://www.businessinsider.com/c/4fe8f4b669beddd62f000011 Oh I see. *yawns* http://www.businessinsider.com/c/4fe8f27e6bb3f74a42000007 sorval Mon, 25 Jun 2012 19:21:34 -0400 http://www.businessinsider.com/c/4fe8f27e6bb3f74a42000007 I think because yammer is such a terrible joke, its supposed to make you gag. If you didnt gag, you have't used yammer. http://www.businessinsider.com/c/4fe8c32969bedd7533000009 Analyst Wannabe Mon, 25 Jun 2012 15:59:37 -0400 http://www.businessinsider.com/c/4fe8c32969bedd7533000009 Um. I think. Um. That's about 0.2 Billion to much? The going rate is $1B for little social outfits. Gosh. smh. http://www.businessinsider.com/c/4fe8b95c6bb3f76553000011 Newt from the Moon Mon, 25 Jun 2012 15:17:48 -0400 http://www.businessinsider.com/c/4fe8b95c6bb3f76553000011 I think you are on a bit of a limb if you are suggesting that Instagram and Yammer represent innovation. http://www.businessinsider.com/c/4fe8b8196bb3f79155000001 Grathan Mon, 25 Jun 2012 15:12:25 -0400 http://www.businessinsider.com/c/4fe8b8196bb3f79155000001 The stock market was setup to get money to businesses to innovate. It is currently doing the opposite with Facebook, Google, and Microsoft buying any company that resembles innovation. http://www.businessinsider.com/c/4fe8b3c4ecad048b22000005 Newt from the Moon Mon, 25 Jun 2012 14:53:56 -0400 http://www.businessinsider.com/c/4fe8b3c4ecad048b22000005 How in the world can this company sell for more than 2x its already hyper-inflated VC valuation? Would love to see user engagement numbers. Guessing that is has less than 30% user penetration with employees at companies that license this thing. http://www.businessinsider.com/c/4fe8b291eab8eaf02700000f michael3028 Mon, 25 Jun 2012 14:48:49 -0400 http://www.businessinsider.com/c/4fe8b291eab8eaf02700000f Once again, this reeks of desperation by MS. Yammer is destined to become just another product in a large portfolio; where nobody knows how to put the pieces together. http://www.businessinsider.com/c/4fe8b1a8ecad04321e000007 Newt from the Moon Mon, 25 Jun 2012 14:44:56 -0400 http://www.businessinsider.com/c/4fe8b1a8ecad04321e000007 Microsoft is going after HP and Salesforce. See Yammer, Skype and their new tablet. They want to be an enterprise company. Smart move since large monolithic enterprises tend to move slow, waste money and not care about software constantly freezing. http://www.businessinsider.com/c/4fe8b0f569bedd5b02000005 kasualobsvr Mon, 25 Jun 2012 14:41:57 -0400 http://www.businessinsider.com/c/4fe8b0f569bedd5b02000005 Ok, can we officially call it a bubble now? I work at a company with 800 or so people that "uses" Yammer. Every time I remember to actually check it to see what's there, it's the same 5-10 people talking amongst each other. I don't see any benefit to the company whatsoever. And this is worth a billion dollars? http://www.businessinsider.com/c/4fe8ae15ecad049515000015 neoFight Mon, 25 Jun 2012 14:29:41 -0400 http://www.businessinsider.com/c/4fe8ae15ecad049515000015 (Steve Ballmer) "Ok, now if we can just change the name to some more Microsofty.... How about, 'Microsoft Office Enterprise Messenger 2012"??!! YEAH!! Acquisitions! Acquisitions! Acquisitions!" http://www.businessinsider.com/c/4fe8adbb69bedda07800000b Evan Benz Mon, 25 Jun 2012 14:28:11 -0400 http://www.businessinsider.com/c/4fe8adbb69bedda07800000b 1.2 billion in cash ??? That's about as dumb as the guy who paid off his student loan with pennies. http://www.businessinsider.com/c/4fe8abc6ecad043a11000008 Olternaut Mon, 25 Jun 2012 14:19:50 -0400 http://www.businessinsider.com/c/4fe8abc6ecad043a11000008 Wait, why is this exciting news again? http://www.businessinsider.com/c/4fe8aaf86bb3f7c03b00000a Schmidt Mon, 25 Jun 2012 14:16:24 -0400 http://www.businessinsider.com/c/4fe8aaf86bb3f7c03b00000a From Yammer's privacy statement: "We don’t share your private information with advertisers. This includes your email address and the email addresses of others in your Network." Well, they sell your data to advertisers. If they didn't, it would say 'we don't share ANY information with advertisers'. Your company is not private if you use Yammer etc. You act irresponsible to let your workers access external networks and let them use it to exchange confidential information. Crazy, some people never get it.

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JPMorgan Acquisitions, Investments in Fintech Since 2020 Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance JPMorgan just made its 16th fintech or consumer-focused deal since 2020. Here's a rundown of what the bank has bought or backed. Carter Johnson and Rebecca Ungarino Updated 2023-03-22T18:01:46Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app "I think we have huge competition in banking and shadow banking, fintech, and big tech," JPMorgan CEO Jamie Dimon said in 2022. Stripe; PayPal; Square; Chip Somodevilla/Getty Images; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now JPMorgan has made at least 16 fintech and consumer acquisitions or investments since 2020. Alumni, which sells investment analytics software, is the most recent deal. Insider is tracking key deals JPMorgan has made since 2020, from Viva Wallet to Nutmeg. JPMorgan has made a string of fintech and consumer-focused acquisitions and investments as it looks to position itself against what Chief Executive Jamie Dimon has called "very tough, brutal competition" from startups."I think we are now facing a whole generation of newer, tougher, faster competitors who, if they don't ride the rails of JPMorgan, they can ride the rails of someone else," Dimon told analysts in January 2021. It was a frank acknowledgment that America's largest bank by assets is as worried about maintaining market share as anyone.He added: "I expect to win, so help me, God."Dimon reiterated that point during an earnings call in January 2022, adding that spending wouldn't be a barrier in its quest to take on upstarts. JPMorgan faces competition from traditional financial giants like Citadel, from payments giants like PayPal and Stripe, and from fintechs, Dimon said on the call.The bank has made at least 16 publicly announced acquisitions or investments since 2020, according to an analysis by Insider. The most recent is a deal to buy Alumni, a Salt Lake City, Utah-based startup founded in 2018 that sells investment analytics software to venture capital firms and other private market investors, for an undisclosed amount. "It's a lot of competition, and we intend to win, and sometimes that means you've got to spend a few bucks," Dimon said last year.Frank deal spotlights concern over strategyAt least one of the deals JPMorgan made, Frank, has already gone off the rails. A lawsuit involving the startup is leading some to question the bank's strategy. JPMorgan is suing the founder of Frank, the college financial-planning website the bank acquired for $175 million in 2021. The bank accused founder Charlie Javice and another executive of "lying" and fabricating nearly 4 million customer accounts. JPMorgan accused Olivier Amar, Frank's former chief growth officer, of misleading the bank.Javice then sued JPMorgan and alleged the bank had "mismanaged" Frank's business after the deal closed. In January, Wells Fargo bank analyst Mike Mayo raised the ill-fated deal on a call to discuss earnings. "Who's accountable when an investment doesn't go right, like the Frank deal or another deal or some of the other $81 billion that you expect to spend this year?" Mayo asked Dimon on the call. Referring to JPMorgan's acquisition spree, he added: "I'm just wondering what that says about the financial discipline for the 15 deals that you pursued?"Dimon acknowledged that the Frank deal was "a huge mistake," but defended the bank's overall strategy when it comes to fintech deals, which he outlined at the bank's investor day last May. "When you're getting up to bat 300 times a year, you are going to have errors. We don't want our company to be terrified of errors that we don't do anything," Dimon said. "We are very disciplined, and you see that in a lot of different ways."In 2020, Insider reported on JPMorgan's efforts to implement a new program to quickly evaluate fintech startups it was looking to do business with, whether as a customer, investment, or other relationship.These are the 16 consumer- and fintech-focused acquisitions and stakes JPMorgan has made in recent years. AlumniDeal details: JPMorgan said on March 22 it would acquire Alumni. The firm did not disclose terms of the deal, and said it expected to close the deal during the first half of 2023. CNBC reported JPMorgan paid roughly where Alumni was valued during its last fundraising in 2021, or $232 million.What it does: Alumni sells investment analytics software to venture capital firms and other private market investors, taking vast amounts of data on private market deal terms and packaging it all for investors to see on a dashboard. It has some 350 employees and was founded in 2018 by Tony Lewis, a former corporate attorney at the big law firm Wilson Sonsini Goodrich & Rosati. Division within JPMorgan: Corporate and investment bankExecutive in charge: Michael Elanjian, head of digital investment bankingHow it fits in: The private markets have expanded rapidly in the past decade, drawing big institutional investors to fast-growing private businesses. One downside to this growth outside the public markets is the lack of regular and widely available, reliable data on those private companies.Startups like Alumni that offer data and analytics tools for navigating the private markets — and understanding how these investments fit into wider portfolios — are in high demand. JPMorgan first invested in Alumni in 2021 to get exposure to this trend, and the acquisition fits into the bank's efforts to take advantage of the growing demand for and participation in private, venture-backed companies. JPMorgan is suing Charlie Javice, founder of Frank, the college financial-planning startup the bank bought in 2021. Charlie Javice; Arif Qazi/Insider Frank Deal details: Acquisition announced in September 2021. Terms of the deal were not disclosed.What it does: Frank is a college financial-planning service offering online tools like an application portal for students' federal financial aid and access to scholarships.Division within JPMorgan: Consumer and community bankingExecutives in charge of division: Marianne Lake and Jennifer Piepszak, co-chiefs of consumer and community bankingHow it fits in: The Frank deal was an effort to reach younger customers at Chase, where 15% of total checking accounts are held by students under 24, according to figures from the company. But JPMorgan shut down the Frank website in January after it sued Javice and Amar over allegations they created fake customer accounts.The Infatuation  Deal details: Acquisition announced in September 2021. Terms of the deal were not disclosed. What it does: A restaurant-reviews website, The Infatuation owns Zagat and offers dining guides for restaurants in cities across the US. Division within JPMorgan: Consumer and community bankingExecutives in charge of division: Marianne Lake and Jennifer Piepszak, co-chiefs of consumer and community bankingHow it fits in: JPMorgan's credit-card portfolio, one of the largest in the country, brought in $1.2 billion in revenue for Chase in the second quarter. The Infatuation will likely slot in alongside Chase's premium Sapphire credit card offerings, supplementing existing rewards and loyalty perks.  JPMorgan said it would take a majority stake in Volkswagen's payments business. Volkswagen Volkswagen Payments Deal details: JPMorgan acquired a majority stake of close to 75% in Volkswagen Financial Services in September 2021. Terms of the deal were not disclosed. What it does: Volkswagen Financial Services is a digital payments service for the auto manufacturer's customers.Division within JPMorgan: Corporate and investment bankExecutive in charge: Takis Georgakopoulos, head of wholesale payments for its corporate and investment bankHow it fits in: JPMorgan plans to leverage Volkswagen's payments capabilities across the automotive sector, dovetailing with the bank's wholesale-payments business that includes corporate treasury, trade finance, and card and merchant service businesses. Nutmeg Deal details: JPMorgan announced the acquisition in June 2021, paying approximately $1 billion. What it does: Nutmeg is a UK-based digital wealth manager that currently counts around 140,000 customers and $3.5 billion in assets under management. Division within JPMorgan: International consumer Executive in charge of division: Sanoke Viswanathan, CEO of international consumerHow it fits in: JPMorgan is integrating Nutmeg as part of its UK digital bank. JPMorgan has looked to improve its digital wealth capabilities as it faces competition from rival banks' consumer-investing tools and standalone robo-advisors. OpenInvestDeal details: Acquisition announced in June 2021. Terms of the deal were not disclosed.What it does: OpenInvest, founded in 2015 and backed by investors including Andreessen Horowitz and QED, helps financial advisors and clients customize values-based investments and report on them. Division within JPMorgan: Asset and wealth managementExecutive in charge of division: Mary Callahan Erdoes, CEO of asset and wealth managementHow it fits in: JPMorgan is integrating OpenInvest into client offerings for its private bank and wealth management. The bank's wealth management unit is looking to set itself apart at a highly competitive moment, while investors' interest for sustainable and values-based investing has risen significantly in recent years. C6 Deal details: Acquired 40% stake in June 2021. Terms of the deal were not disclosed.What it does: Brazilian digital bank C6, which was launched in 2019, has some 7 million customers and offers checking and savings accounts, debit and credit cards, and investing services. Division within JPMorgan: International consumerExecutive in charge of division: Sanoke Viswanathan, CEO of international consumer How it fits in: C6 offers a way for JPMorgan to bulk up its presence in the Brazilian banking market, where challenger bank Nubank has amassed 34 million customers as of January. Meanwhile, JPMorgan has looked to improve its digital investment offerings. New England Patriots owner Robert Kraft, left, and former Patriots star Tom Brady. Jim Rogash/Getty Images Kraft Analytics Group Deal details: JPMorgan took a minority stake in Kraft Analytics Group in June 2021, and terms were not disclosed.What it does: The company, owned by New England Patriots owner Robert Kraft, provides analytics and consulting services in the sports and entertainment industry. Division within JPMorgan: Asset and wealth managementExecutive in charge of division: Mary Callahan Erdoes, CEO of asset and wealth managementHow it fits in: JPMorgan can use data from Kraft Analytics Group to help advise wealthy clients in sports and entertainment. The bank has made a significant push to grow its wealth management business, and the investment could serve as a way to set itself apart from competitors. cxLoyalty Deal details: JPMorgan said it would buy cxLoyalty's global loyalty division in December 2020. Terms of the deal were not disclosed. What it does: cxLoyalty builds the technology behind rewards programs that other companies in financial services, hospitality, and other industries use for their customers.Division within JPMorgan: Consumer and community bankingExecutives in charge of division: Marianne Lake and Jennifer Piepszak, co-chiefs of consumer and community bankingHow it fits in: JPMorgan meshed part of cxLoyalty's business into its vast credit-card rewards features as a way to ramp up the kinds of special offers it can give customers, like points for travel. 55ip Deal details: JPMorgan announced the deal in December 2020. Terms of the deal were not disclosed. The bank said 55ip would retain its branding and operate as a separate unit. What it does: Software that aims to help financial advisors' clients lower their tax bills.Division within JPMorgan: Asset and wealth managementExecutive in charge of division: Mary Callahan Erdoes, CEO of asset and wealth managementHow it fits in: Financial advisors are increasingly looking for ways to offer tax-efficient strategies and other personalized approaches to handling clients' portfolios.Proxymity Deal details: JPMorgan, Citi, HSBC, and other firms together invested $20.5 million in Proxymity in May 2020.What it does: An investor communications service that offers shareholders real-time, digital proxy voting.Division within JPMorgan: Corporate and investment bank's custody and funds services divisionExecutive in charge of division: Tim Fitzgerald, global head of custody and funds services in CIBHow it fits in: Originally developed in Citi's institutional clients group and spun off last year to become an independent unit, Proxymity is taking on an increasingly common issue: Public companies can't reach their shareholders to get them to vote on corporate events. The current proxy system — where information is still often mailed — hasn't been able to keep pace with a boom in retail trading. JPMorgan is now an investor in one solution to the problem that's been built by industry vets.Viva Wallet Deal details: JPMorgan said it would acquire 49% of Viva Wallet in January 2022, pending regulatory approval. Terms of the deal were not disclosed.What it does: Athens, Greece-based Viva Wallet offers cloud-based payments and banking services for small and medium businesses across 23 countries in Europe. The company's products include things like virtual debit-card issuance and bill and expense management tools. Division within JPMorgan: Corporate and investment bankExecutive in charge: Takis Georgakopoulos, head of wholesale payments for its corporate and investment bankHow it fits in: In a press release accompanying the deal announcement, Georgakopoulos called European payments "a big focus area for added growth for J.P. Morgan Payments in the future." The payments division at JPMorgan encompasses everything from corporate treasury to card and merchant services, and the stake in Viva Wallet will give the bank a leg-up in competing in Europe.  Getty Images stock photo TRM LabsDeal details: JPMorgan announced a strategic investment in TRM Labs in February 2022. Terms of the deal were not disclosed.What it does: TRM Labs, based in San Francisco, is a startup that offers compliance, risk-management, and anti-fraud tools for crypto businesses, financial firms, and regulators. The startup's tech works across blockchains to track flows of crypto funds. For financial institutions like JPMorgan, these services include the ability to screen for risky crypto wallets (like those associated with sanctioned entities), and monitor in real time potentially suspicious crypto transactions. Division within JPMorgan: Onyx, JPMorgan's wholesale payments blockchain networkExecutive in charge: Umar Farooq, CEO of OnyxHow it fits in: Onyx CEO Umar Farooq said last year that Onyx had spent the previous six years experimenting with blockchain technology, and that infrastructure companies like TRM would "help usher in the future of secure blockchain and crypto use cases." TRM Labs' tech is a likely draw for financial institutions like JPMorgan, which are seeking out new revenue opportunities in crypto but are wary of being burned by compliance and regulatory issues. Global SharesDeal details: JPMorgan announced in March 2022 it would acquire Global Shares. Terms of the deal were not disclosed.What it does: Global Shares, headquartered in Cork, Ireland, makes software to help companies manage their employees' stock compensation plans. The company was founded in 2005 and has some 600 corporate clients, "from early-stage start-ups to mature multinational public corporations," and about 600 employees, according to a press release announcing the deal. Motive Partners, a private-equity firm that is backed by Apollo and focuses on fintech companies, had taken a 40% stake in Global Shares in 2018. Division within JPMorgan: Asset and wealth management Executive in charge: Mary Callahan Erdoes, CEO of asset and wealth management How it fits in: In a move reminiscent of Morgan Stanley's 2019 acquisition of the stock plan administration provider Solium Capital, now branded as Shareworks, JPMorgan is buying an avenue to reach clients who are starting to build wealth and may one day need the guidance of a JPMorgan financial advisor or private banker. The bank in recent years has sought out ways to bolster its wealth management business. Pete Lord, CEO and cofounder of Codat, a startup JPMorgan Growth Equity invested in last year. Codat CodatDeal details: JPMorgan Growth Equity, a division of the bank's asset management arm, led Codat's $100 million Series C round announced last June. The fundraising valued Codat at $825 million, Bloomberg reported. Shopify, Canapi Ventures, and Plaid also invested.What it does: Codat builds the APIs, or application programming interfaces, used to connect small businesses with fintechs and banks. Experian, for instance, tapped Codat to access its own small business customers' data for faster lending decision-making. Founded in 2017, the startup counts 200 clients, 250 employees, and some $160 million raised to date."The challenge we were solving is that connectivity challenge, the integration problem," Codat Cofounder and CEO Peter Lord told Insider in 2021.Division within JPMorgan: Asset and wealth management Executive in charge: Mary Callahan Erdoes, CEO of asset and wealth management How it fits in: JPMorgan has now joined the likes of Tiger Global, PayPal, and Amex in backing Codat. In a statement accompanying the Series C round, JPMorgan Partner Patrick McGoldrick said that the bank's "extensive small business customer base" would align with Codat's business model of "connecting and standardizing data." McGoldrick also joined Codat's board. Christian Petersen-Clausen/Getty Images Renovite TechnologiesDeal details: JPMorgan said in September 2021 that it would acquire Renovite. The deal's terms were not disclosed.What it does: Renovite offers six cloud-native and cloud-agnostic payments tech products, including payments switching, and issuing tools, JPMorgan said. The company, founded in 2015, is based in California, has operations in the US, UK, and India, and is led by CEO and founder Viren Ran. Division within JPMorgan: JPMorgan PaymentsExecutive in charge: Max Neukirchen, global head of payments & commerce solutions, and Mike Blandina, global head of payments technologyHow it fits in: The pending Renovite acquisition marks JPMorgan's third major payments play in roughly a year, after inking a majority stake in Volkswagen Payments last September and grabbing a large share of Viva Wallet this January. JPMorgan is already a massive player in global payments, but the Renovite deal comes as the bank looks to better compete in a space crowded with fintech incumbents like Block and Stripe. JPMorgan began working with Renovite last year. In a press release accompanying the announcement, Neukirchen said the acquisition, "will help us achieve our goal to develop the next-generation payments processing platform globally." This list was published in 2021 and has been updated, most recently in March 2023, to reflect new announcements from JPMorgan and new reporting. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: WATCH: Executives from JPMorgan and BNY Mellon tell fintech founders the best ways to partner with large banks Finance Fintech JPMorgan More... Read next Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Xamarin Acquires RoboVM to Add Java to Mobile App Platform Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Email icon An envelope. It indicates the ability to send an email. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise One of Microsoft's best friends just hit the gas pedal on its already huge growth Matt Weinberger 2015-10-21T16:50:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Xamarin co-founder and CEO Nat Friedman Xamarin Xamarin, a fast-growing mobile app development startup that's got a close partnership with Microsoft, has snapped up tiny startup RoboVM in a little acquisition that could lead to some huge growth.In the world of business app development, two programming languages stand above the rest: C# (pronounced "C-Sharp"), the most recent standard for writing Microsoft Windows software. And Java, the stamdard for just about everything else. When Xamarin first got started in 2011, it had a simple sales pitch. Write your smartphone app in C#, and it provides the tools to make it into an iPhone, Android, Mac, or Windows app with a minimum of effort. RoboVM, a tiny startup founded earlier in 2015, has the exact same pitch — only it did it with Java."Now we can get the other half," says Xamarin co-founder and CEO Nat Friedman. By buying RoboVM, Xamarin gets access to the tremendous Java developer market, which analyst firm IDC pegs at between 5 to 7 million programmers worldwide. It's the software development equivalent of flooring the gas pedal. Growing like crazyNot that Xamarin needed to increase its base, Friedman says.Xamarin announced recently that it's adding 60,000 users a month, with over a million registered developers. It specializes in helping enterprises build their mobile apps, which is a lucrative market as businesses move to software in droves. And Friedman now says that Xamarin has over 10,000 paying customers. Xamarin offers a service that lets corporate developers build mobile apps Xamarin "We're not hurting for growth," says Friedman. "The amount of software being created to solve business problems is way, way higher than it's ever been."With the addition of Java developers to their addressable market, it simply "removes a filter" and lets Xamarin serve more customers. It used to be that when Xamarin went to a customer, they'd have to ask how many C# developers were on staff, since that would affect how much value they'd get from it. But thanks to Java's popularity in the enterprise , it's a pretty safe bet that if they're not using C#, they're using Java.Everybody <3's XamarinDevelopers love the Xamarin concept, since it drastically cuts down the time it takes to make sure their apps work on every smartphone platform out there. It also helps developers build in the features that are specifically designed for whatever device their app is running on, like cameras and NFC readers. "Many apps get abandoned if the apps suck," Friedman says.  Xamarin employees Xamarin Microsoft likes Xamarin a lot, too, because it millions of existing Windows developers on board with C# while letting them take advantage of the growth in other platforms.In fact, that relationship with Windows developers is what led Xamarin to raising an $54 million round of financing last year. Rumors persist that Microsoft was actually an unnamed investor in that round.Plus, Xamarin has deals with Oracle and IBM to help bring apps to their cloud platforms, too.Now, with Java and RoboVM, it's still the same Xamarin. But it's one that has a much broader appeal.   Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. 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The Real Reason AOL Can't Spend More Than $100 Million On An Acquisition - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. The Real Reason AOL Can't Spend More Than $100 Million On An Acquisition Nicholas Carlson Mar. 8, 2010, 1:33 PM 3,088 7 facebook linkedin twitter email print The ConsumeristAOL CFO Artie Minson and CEO Tim Armstrong keep telling analysts there will be no Bebo-esque, "hail mary" acquisitions in the company's near future. Now we know the real reason why: AOL's creditors won't allow it. Today at the Credit Suisse conference in Florida, Artie told the audience "our current credit agreement caps us at a $100 million deals. We're out of the Hail Mary business." Artie said AOL will still buy other companies, but that such mergers will have to fit the mold AOL (AOL) set with its StudioNow acquisition earlier this year. That is, AOL wants companies  that help it solve technological problems inherent to AOL's in-place strategy. Execs at acquired companies should be ready to be slotted into big roles at AOL, too. StudioNow, a platform for video freelancers, helps AOL scale its content strategy. Former StudioNow CEO David Mason will become senior vice president of AOL Content Platform. One company that almost fits this bill is Associated Content, which works the way AOL's site-for-freelancers, Seed.com, is supposed to work, but doesn't, because it doesn't have a real tech backend yet. AC CEO Patrick Keane is an old lieutenant of Tim Armstrong's so he'd probably fit in well at AOL too. The problem is, AC might cost more than the $100 million AOL's creditors have OK'd. Too bad for AOL and too bad Tim Armstrong, who happens to be an Associated Content investor. (Not that Tim isn't trying. AOL actually tried to buy Associated Content last fall, but like AOL's creditors now, then parent-company Time Warner said no.) Another reason Patrick Keane would fit in at AOL? He's an ex-Googler and there are a ton of those at AOL. More: Media AOL Mergers And Acquisitions Big Tech facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 7 Apply To Be An "Insider" » Loading The Real Reason AOL Can't Spend More Than $100 Million On An Acquisition The Real Reason AOL Can't Spend More Than $100 Million On An Acquisition Creditors won't allow it. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Inspire Brands CEO Paul Brown Asks Same Questions After an Acquisition Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Strategy How the CEO who turned Arby's into a successful brand uses 'active listening' to solve all his workplace challenges Richard Feloni 2019-09-24T13:32:23Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Inspire Brands CEO Paul Brown. Business Insider / Hollis Johnson Redeem now Paul Brown, CEO of Arby's and Buffalo Wild Wings' parent company Inspire Brands, said he's made a habit as a leader of listening more and talking less in meetings.When he makes a new acquisition, he asks stakeholders what they would do if they were in charge of the brand.We named him one of our 100 People Transforming Business earlier this year for the way he used his turnaround of Arby's as a starting point for transforming struggling fast food brands.The Productivity Project collects the techniques some of our "transformers" use to be efficient and successful.Visit Business Insider's homepage for more stories. Get a daily selection of our top stories based on your reading preferences. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Paul Brown was so good at turning around Arby's during his five years as CEO that the private equity firm overseeing it created a new holding company around him in 2018.Roark Capital made Brown CEO of Inspire Brands, which now includes Arby's, Buffalo Wild Wings, Sonic, and the small regional chain Rusty Taco. Brown recently told Business Insider that he takes the same approach as a leader to all of the brands, and it can be used on both large- and small-scale challenges."As simple as it may sound, I try to make a habit of listening more and talking less," he said. "No matter what stage of growth a brand is in — whether it's in need of a transformation or sustaining its success — listening helps you identify initial pain points as well as opportunities."Brown joined Arby's as an industry outsider, having previously served as president of brands at the hotel company Hilton Worldwide. At that point, Arby's was losing millions of dollars each year, and employees had gotten used to a revolving door of executives. Brown told us in a 2017 interview that he knew employees and franchise owners around the country would be rightfully skeptical of him, and that if he came in acting like he had all the answers, he would fail.It's why he instead hit the road for a three-month listening tour, traveling to 50 locations around the United States and meeting with what he said were 1,000 employees and store owners. His go-to question at the time was, "What would you do differently if you ran this company?"The approach worked. The fast food brand had its best year ever to that point in 2016, with $3.7 billion in sales, and sales-per-store were up 20% from when Brown joined.Read more: 100 people transforming businessAs Brown explained to us recently, he adapted his opening Arby's strategy to his leadership style.After Inspire makes a new acquisition (and it plans on making several more within the next year), Brown says he meets "with as many stakeholders associated with the brand as possible: franchisees, restaurant employees, customers, suppliers. And rather than walking in with answers and process solutions, I start by asking fundamental questions like, 'What part of the business is working well?' 'What is your biggest challenge?'"So what does it mean to be a great listener? Jack Zenger and Joseph Folkman, founders of the leadership consultancy Zenger/Folkman, undertook a study of nearly 3,500 participants to determine just that. In a piece they wrote in 2016 for Harvard Business Review, they said the following traits stood out:"Good listening is much more than being silent while the other person talks.""Good listening included interactions that build a person's self-esteem.""Good listening was seen as a cooperative conversation.""Good listeners tended to make suggestions."Zenger and Folkman found that a great listener was not merely a sponge, staying silent for the entirety of a conversation and soaking everything in, but would instead take in information, contextualize it, and respond with ideas that helped clarify the other's position.When Brown sets out to turn around a company or tackle a challenge that comes up during an ordinary day, he's focusing on not dominating the conversation — though he also doesn't accept every opinion as fact. He's an active listener."If you come in thinking you know all the answers, you miss out on an opportunity to potentially uncover something entirely new and different," he said. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading More: Paul Brown Inspire Brands Arby's Buffalo Wild Wings Sonic Productivity Project Edit Series Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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The Real Reason AOL Can't Spend More Than $100 Million On An Acquisition - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × The Real Reason AOL Can't Spend More Than $100 Million On An Acquisition Nicholas Carlson Mar. 8, 2010, 1:33 PM 3,088 7 facebook linkedin twitter email print The ConsumeristAOL CFO Artie Minson and CEO Tim Armstrong keep telling analysts there will be no Bebo-esque, "hail mary" acquisitions in the company's near future. Now we know the real reason why: AOL's creditors won't allow it. Today at the Credit Suisse conference in Florida, Artie told the audience "our current credit agreement caps us at a $100 million deals. We're out of the Hail Mary business." Artie said AOL will still buy other companies, but that such mergers will have to fit the mold AOL (AOL) set with its StudioNow acquisition earlier this year. That is, AOL wants companies  that help it solve technological problems inherent to AOL's in-place strategy. Execs at acquired companies should be ready to be slotted into big roles at AOL, too. StudioNow, a platform for video freelancers, helps AOL scale its content strategy. Former StudioNow CEO David Mason will become senior vice president of AOL Content Platform. One company that almost fits this bill is Associated Content, which works the way AOL's site-for-freelancers, Seed.com, is supposed to work, but doesn't, because it doesn't have a real tech backend yet. AC CEO Patrick Keane is an old lieutenant of Tim Armstrong's so he'd probably fit in well at AOL too. The problem is, AC might cost more than the $100 million AOL's creditors have OK'd. Too bad for AOL and too bad Tim Armstrong, who happens to be an Associated Content investor. (Not that Tim isn't trying. AOL actually tried to buy Associated Content last fall, but like AOL's creditors now, then parent-company Time Warner said no.) Another reason Patrick Keane would fit in at AOL? He's an ex-Googler and there are a ton of those at AOL. More: Media AOL Mergers And Acquisitions Big Tech facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 7 Apply To Be An "Insider" » Loading The Real Reason AOL Can't Spend More Than $100 Million On An Acquisition The Real Reason AOL Can't Spend More Than $100 Million On An Acquisition Creditors won't allow it. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Amazon Job Posting for Manager to Oversee Digital Acquisitions Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising Amazon may be getting ready to go on a digital media buying spree Mike Shields 2017-12-06T22:10:23Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Reuters / Richard Brian This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Amazon is looking to hire a Corporate Development Senior Manager to oversee potential digital acquisitions.The job would seem to signal that Amazon is making a new push into digital media and advertising with deals.It's a high-level gig that would entail interaction with CEO Jeff Bezos.Does Jeff Bezos want some digital media under his tree? A recent job posting may serve as the Amazon mogul's list for Santa.Amazon is seeking a Corporate Development Senior Manager who will be charged with managing and executing acquisitions across the company, according to a LinkedIn post."There will be a particular emphasis on supporting transactions in the digital media, digital products and emerging technology sectors," reads that posting.That's an intriguing emphasis, considering that when it comes to digital media and advertising, Amazon has generally been a builder, not a buyer. Indeed, as the company has quietly amassed a formidable digital ad business over the past few years – one that may see as presenting a legitimate challenge to the dominant Google/Facebook duopoly – Amazon has focused on building its own custom suite of advertising technology.And as it elected to stream 10 NFL games this year, and deliver and track some ads during those games, it largely took the same approach.The glaring exception, of course, is Amazon's nearly $1 billion deal to acquire the live gaming platform Twitch in 2014. Amazon has continued to run Twitch separately from its growing advertising portfolio.Business Insider spoke to Amazon's top advertising executive last week during the Ignition conference – and he was coy about the company's broader advertising ambitions.But there's little question Amazon is getting far more serious about ads. The question is, how big do they want to go in terms of making deals. One clue: the job means face time with Bezos. This role is a highly visible position that interacts with Amazon’s most senior leaders including frequent interaction with Amazon's CEO and CFO. He/she will be required to handle multiple projects across a variety of business categories including digital media and digital products.Besides getting time with the big boss, candidates should be able to spot a good deal. "Proving you are an effective negotiator is a critical part of this job." Hey, it's Amazon.The question is, what might this person be negotiating for? Could he or she be on the hunt for:Ad tech startups?A company in the TV/video sector that would help Amazon bring more dynamic, digital-like functionality to traditional TV ads?Roku? (better hurry as the price keeps going up)A giant rival asset in the vein of Pinterest (with its seemingly highly complementary shopping-centric use-case)?Snapchat? Spotify?A TV company like Viacom or Scripps/Discovery?When theoretically spending from Jeff Bezos' checkbook, the possibilities seem endless.Amazon did not respond to a request for comment for this story. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Sign up for our newsletter to get the news, trends and strategies that advertising and media pros want to know — delivered weekly to your inbox. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. 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$5.65 Billion Events Startup Hopin Acquires Streamable, Jamm Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech $5.65 billion events startup Hopin has made 2 more acquisitions as it builds out its video infrastructure Callum Burroughs 2021-03-23T11:30:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Johnny Boufarhat Hopin founder and CEO Hopin This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Hopin, the fast-growing events startup, has completed its third and fourth acquisitions. The $5.65 billion-valued startup is buying two video platforms, Streamable and Jamm.  "We want to be the biggest investors in video and audio tech and have best products on the web," CEO Johnny Boufarhat said. Bullishly valued events startup Hopin has made its third and fourth acquisitions in less than a year.The $5.65 billion startup is buying video hosting company Streamable and video technology business Jamm, taking Hopin to four acquisitions despite being less than two years old.Hopin offers events and conferencing software for a monthly subscription fee. It was incorporated in the UK in June 2019, and exploded through 2020 as the pandemic forced organizers to make their events digital.Investor cash and spiraling valuations followed. It hit a valuation of $350 million in the summer of 2020 when Silicon Valley growth fund IVP led a $40 million Series A into the business. That rose to $2.1 billion after a $125 million round led by Tiger Global and IVP. And in March, the firm raised again at a $5.65 billion valuation after attracting US investors Andreessen Horowitz and General Catalyst. The figure puts Hopin's valuation at 80 times its annualized revenue, a high multiple even in the current investor craze for software subscription startups."We want to be the biggest investors in video and audio tech and have best products on the web," Hopin CEO Johnny Boufarhat told Insider. "Our thesis is that the business world will continue to be powered more by video and audio software so we want a more accessible and sustainable focal point for professional interaction."Streamable provides video hosting and uploading software, allowing users to record and share events more efficiently. Founded by Armen Petrosian in 2014, Streamable has more than 12 million active users and 75,000 video uploads a day, according to Hopin's press statement on the deal. San Francisco's Jamm provides video collaboration software for remote teams. The deal was described as a "tech acquisition" to help boost video infrastructure on Hopin.Boufarhat declined to comment on the cost of the deals but said both were done off balance sheet.In December, Hopin made its first acquisition in the form of New York networking app, Topi, before following that up with a $250 million deal to buy live streaming platform StreamYard in January 2021. Streamable CEO Petrosian and Jamm CEO and cofounder Badri Rajasekar will become the heads of Streamable and Jamm within Hopin respectively, and continue to lead the business of their companies. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. 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Short-Seller Ben Axler Shares Warning Signs of Bad M&A Deals in 2021 Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Markets Dealmaking on Wall Street is set to explode in 2021. A short-seller who targets bad M&A told us 4 ways investors can identify mergers that are going to hurt shareholders. Marley Jay 2021-02-11T13:15:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Ben Axler is the founder and chief investment officer of the short-selling firm Spruce Point Capital Management. Spruce Point Capital Management This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Ben Axler went from reviewing corporate deals to shorting ones he thinks will end badly. Axler is the founder and investment chief of Spruce Point Capital Management.  He told Insider about important clues that show a highly hyped deal will disappoint investors.  Visit the Business section of Insider for more stories. Ben Axler spent the early part of his career as an investment banker advising companies on acquisitions, and it taught him that most of them are bad ideas.His work with Credit Suisse as it bought DLJ and Barclays as it acquired Lehman Brothers helped lead him to his current work at Spruce Point Capital, a short-selling firm he founded in 2009. He's also its chief investment officer, and much of his work over the past decade has involved hunting for deals that are going to disappoint."Acquisitions are very hard to do in practice," he told Insider in an exclusive interview. "They're very easily marketed as positive things on Wall Street to get investors excited, but in reality, deals are tough to do."It's something companies and investors might lose sight of in 2021, as it's likely to be a big year thanks to the resurgent economy and ultra-low interest rates. There were already signs of a big rebound in deals in the second half of the year, according to Morgan Stanley, which also cites the SPAC boom and big piles of private equity cash as factors.That should keep Axler busy. Activist Insight, which publishes a magazine about activist investing, says Axler and Spruce Point launched 18 activist campaigns in 2019 and named the firm the number three short-selling activist of that year, behind only Carson Block's Muddy Waters and Hindenburg Research. It placed second in 2018.Here are some of the warning signs and giveaways Axler and his firm focus on as they do their work.(1) Hot potatoesIf a company or business is getting sold again and again, it's a hint that the previous buyers have been disappointed even as the sale price creeps upward. Axler says he takes notice when a company buys an asset that has been through that process before but hasn't found a long-term home."We definitely look at that as a red flag when we see assets being shifted around multiple entities," Axler said.Another danger sign is when an acquirer keeps making more and more deals, as that can indicate problems with the parent company that get buried."The more acquisitions you pile on top of each other, the harder it is for investors to really understand what's going on in the underlying business," he said. "It can make it very hard to understand what the underlying organic growth is."(2) Too much synergyCompanies get very optimistic when they're announcing deals, and sometimes they get very aggressive in announcing the savings and the benefits they expect from M&A. Axler says he watches out for unrealistic goals that are going to frustrate investors over time."Synergy can be highly subjective, and oftentimes management touts synergies over multiple years," he said. "At the time, you're buying into the stock now at some high price. Two to three years down the road, you find out the synergies were never realized, and that leads to disappointment."When evaluating companies in that situation, he says he'll look at metrics including synergies as a percentage of deal value or synergies as a percentage of revenues to see if the companies are being realistic or if they're promising more than they'll be able to deliver.(3) The numbers gameMore broadly, Axler says it's a warning sign when companies change the way they talk about the acquisitions they've made. That can be a sign the business is having trouble and management is trying to deflect attention from its problems."We scrutinize accounting methods and financial presentation methods heavily, and we try to do unique forensic research by looking at changes in language changes, changes in SEC language, changes in statements made by management," he said.Axler says those changes in language and justification can show that companies are shifting the goalposts after the deal hasn't worked out the way they initially said.Goodwill is another important indicator in that regard."No matter how good a business you buy, if you overpaid for it and you use too much debt, it can be hard to get appropriate returns on that business," he said. "That's important in environments like this, where interest rates are low. Capital's very abundant and the opportunity to pay a lot for a business is high with cheap leverage."(4) Learn from historyAxler says he also wants to know if companies and their leaders have patterns of disappointing deals or involvement in scandals. He and his firm research not just top executives, but board members and even the accountants involved in reviewing the transactions."We try to identify companies that we think are doing acquisitions poorly, but on top of that, try to find evidence of  executives that have a history of value destruction, or have been involved with prior business scandals or companies that have had issues."He adds that they also get interested when company management starts selling stock shortly after a deal is announced, as that can signal a lack of faith.History also says that very few companies are repeatedly successful at making deals, he says. Over the longer term, even companies that do well at integrating new businesses tend to have problems as the firms get more complicated and their targets get larger.Read more:RBC says to buy these 15 stocks as small companies keep dominating the market — and details why each is a top pick for 2021Short-seller Carson Block says the day-trading revolution that hit GameStop and other stocks is changing the playing field for investors like him. Here's how his firm is reinventing itself — and what he's betting against today.A top-ranked manager at a firm that handles $50 billion in wealth told us 4 ways investors can smartly play day-trading favorites like GameStop without risking it all Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. 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Wayfair Developing YouTube Shopping Show — Amazon Expands Grocery Delivery — Uber Wants to Acquire Nokia's Digital Maps Service Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Insider Intelligence Wayfair developing YouTube shopping show — Amazon expands grocery delivery — Uber wants to acquire Nokia's digital maps service Cooper Smith 2015-05-11T11:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Good morning! E-COMMERCE INSIDER is delivered first thing every morning exclusively to BI Intelligence members and INSIDER subscribers.Have feedback? We'd like to hear from you. Write me at: csmith@businessinsider.com.WAYFAIR DEVELOPING SHOPPING SHOW FOR YOUTUBE: Online furniture retailer Wayfair is producing a video series called "Overhaul" in partnership with Kin Community, a popular women's lifestyle channel on Youtube. Each episode will be about 15 minutes in length and feature a design makeover of a YouTube celebrity's home. Wayfair Creative Director Christiane Lemieux will host the show. The videos will be shoppable. So at different points throughout each episode a pop-up link will appear within the video that viewers can click on to be redirected to Wayfair.com, where they can purchase the featured furniture. Despite increased competition from Facebook, YouTube is still the largest online video platform in terms of audience size. YouTube reaches about 60 million more people than Facebook video does on PCs, according to comScore.  BI Intelligence AMAZON EXPANDS GROCERY DELIVERY TO NEW JERSEY: Amazon has expanded its grocery delivery service AmazonFresh to parts of New Jersey. The company is using its Avenel, New Jersey warehouse to fulfill grocery orders. Previously, AmazonFresh was only available in New York City, Seattle, and parts of California. AmazonFresh is only available to Prime Members, who pay $99 a year. New Jersey residents won't have to pay additional membership fees for the grocery service until June, when the membership fee goes up to $299. Grocery delivery services like AmazonFresh show promise as potential disruptors of the $600 billion a year food and beverage industry in the US. While only 12% of consumers in North America say they've tried grocery delivery services before, 55% say they'd be willing to try them, according to a recent Nielsen survey.  BI Intelligence UBER MAKES BID FOR NOKIA'S MAP SERVICE: Uber is reportedly in talks to acquire HERE, Nokia's digital mapping service, for $3 billion, according to The New York Times. Acquiring the service would give Uber its own proprietary digital mapping software so that it doesn't have to rely on Google Maps. As Uber gets more involved in the logistics space beyond ride-sharing and doing things like deliveries, having its own mapping technology would be a huge asset.Here's what we know about Nokia's HERE: HERE is currently installed in 80% of the world's in-car navigation systems, and is the leading digital mapping service in the connected-car market. The service brought in over $1 billion in revenue last year, or roughly 8% of Nokia's total revenues.The service employs roughly 6,000 employees who make nearly 3 million adjustments to the software daily to ensure that its cartography is as a accurate as possible. Uber's immediate use for HERE would be to help it coordinate its drivers' routes. However, given HERE's established application in the connected-car market it also suggests that Uber is very serious about getting self-driving cars on the road. Earlier this year, Uber partnered with Carnegie Mellon University to work on autonomous vehicle technology — ingesting digital maps into those systems is a cornerstone part of teaching an automobile to become self-driving.  Uber isn't the only company interested in acquiring HERE. Automakers BMW, Audi, and Mercedes-Benz, and Chinese internet giant Baidu have all reportedly submitted bids to acquire the service from Nokia.  FACEBOOK'S VIRTUAL REALITY DEVICE COMING IN 2016: Facebook's Oculus Rift VR headset will begin shipping during the first quarter of  2016. A number of digital-media companies already plan to release VR content for the headset, but the forthcoming consumer devices also has implications for e-commerce. Virtual reality technology will drive some people to shop more online. More than one in every three US consumers say they would be open to purchasing more online if virtual reality gives them a more realistic feel of the product remotely, according to Walker Sands. In-store foot traffic will decline if virtual reality headsets become mainstream consumer devices. More than one in every five US consumers say they would be less likely to visit a retailer's physical store if they had virtual reality technology at their disposal.  BI Intelligence Here's what else BI Intelligence subscribers are reading...Mobile is the primary growth vehicle for CPG e-commerceHere's how many people bought something from Amazon, Alibaba, and other top e-commerce marketplaces last yearSubscription e-commerce services are becoming major distributors of health and personal care productsLog in or sign up for a BI Intelligence full membership to get access to the above.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. NOW WATCH: What the Chinese saying 'The ugly wife is a treasure at home' actually means More: BII News Notes BII E-Commerce Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. 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Visa's Currencycloud Acquisition Amplifies Cross-Border Payments Focus Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Visa's latest acquisition reinvigorates its cross-border payments business Adriana Nunez 2021-07-23T14:40:15Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Visa signed a definitive agreement to acquire Currencycloud, an API-based cross-border payments startup. Visa and Currencycloud both stand to benefit from the acquisition as cross-border payments recover. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client. Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. The news: Visa signed a definitive agreement to acquire Currencycloud, an API-based cross-border payments startup. Currencycloud powers foreign exchange banking and payment services for nearly 500 global firms, including Monzo and Revolut. The deal values Currencycloud at GBP700 million ($898 million) and builds on Visa's relationship with the startup: The issuer led an $80 million investment in Currencycloud in early 2020. Insider Intelligence How we got here: Cross-border payments were throttled early last year — the onset of the pandemic led to dips in international trade and supply chain disruptions and an overall drop in consumer spending. Visa's cross-border volume sank 37% year over year (YoY) in its fiscal Q3 2020 (ended June 30, 2020).But now, volume is rebounding: Visa's cross-border volume decreased 11% YoY in its fiscal Q2 2021 (ended March 31, 2021)—though this is still short of the 9% YoY growth Visa notched in its fiscal Q1 2020 (ended December 31, 2019).The opportunity: Visa and Currencycloud both stand to benefit from the acquisition as cross-border payments recover.Currencycloud can drive Visa's cross-border ambitions. Before the pandemic, Visa used new services to extend its reach in the market: In 2017, it launched Visa Direct, its near-instant push payments platform that facilitates cross-border transactions. And in 2019, Visa introduced its cross-border B2B payments platform, Visa B2B Connect. Acquiring Currencycloud reignites that push by opening up new payment opportunities for remittances and B2B payments and building out its noncard business.And Currencycloud can tap into Visa's vast partner network. The startup can use that global network to expand its client base, which can help the company increase revenues and become a leader in the cross-border payments space, which hit $130 trillion in 2019, per McKinsey.The bigger picture: Currencycloud is Visa's second major fintech acquisition this year — in June, it acquired open-banking provider Tink. This suggests that Visa is moving toward fintech acquisitions to help it expand and scale its own solutions — an approach that may prove to be more cost-effective than in-house R&D.Want to read more stories like this one? 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M&A

UBS Seek to Reassure Investors Over Reluctant Credit Suisse Takeover Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Credit Suisse's storied investment bank is in the crosshairs as top UBS executives defend their 'emergency rescue' deal Rebecca Ungarino 2023-03-19T23:59:13Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app "We will change. But we will not change that much. We will still be Swiss," Ralph Hamers, who has led UBS since late 2020, said Sunday. Arnd Wiegmann/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now UBS sought to reassure investors that the Credit Suisse deal wouldn't disrupt long-term strategy. UBS agreed to acquire Credit Suisse on Sunday in a deal arranged by the Swiss government. Credit Suisse has faced crisis after crisis in recent years, from Archegos to a spying scandal. On an hour-long call held late in the evening on Sunday in Zurich, top UBS executives who suddenly found themselves running the only large Swiss bank struck at times a solemn tone and sought to reassure analysts that the bank's swift takeover of Credit Suisse would not disrupt UBS's long-term strategy. "It's a historic day in Switzerland and a day, frankly, we hoped would not come," said UBS Chairman Colm Kelleher, who added that while the firm did not initiate takeover talks, the deal should "support earnings growth over time."Earlier on Sunday the wealth management giant agreed to acquire Credit Suisse, its troubled Swiss competitor that has faced crisis after crisis in recent years, in an all-stock deal arranged by Switzerland's federal government, central bank, and main financial regulator known as Finma. Executives said that UBS will suspend its share buyback program and that the emergency nature of the deal meant the Swiss government brokered the deal without a shareholder vote. "We will change. But we will not change that much. We will still be Swiss," said Ralph Hamers, the chief executive of UBS. "We will be an even bigger wealth manager in the world. We will have an even bigger platform for investing where we want to bring leading wealth clients and institutional investors together. From that perspective, we're making a giant step in terms of our strategy to grow to what we once indicated to you as the aspiration to be a $6 trillion network for private money."Max Georgiou, an analyst at London-based investment research firm Third Bridge, said Credit Suisse's wealth management business is a good fit for UBS's sprawling wealth business, which is known for catering to the ultra-wealthy and last year abandoned plans to buy robo-advisor Wealthfront.Georgiou's team anticipates that UBS would likely move to "dispose of" Credit Suisse's investment banking business, he said. Credit Suisse said in November that it would accelerate a "radical restructuring" of its investment bank and sell a large part of its securitized products group to Apollo Global Management. "These events could alter the course of not only European banking but also the wealth management industry more generally," Georgiou said. "Our experts say the size of the merged entity provides significant pricing power but also brings potential new perceived concentration risks."'An outcome we may not have hoped for'Switzerland's central bank officially announced the acquisition after two intense days of news reports that UBS was considering a Credit Suisse takeover. The Financial Times reported on Friday that UBS was in discussions to acquire all or part of the bank.The tie-up capped off a stunning period of banking crises around the world.In the US, the startup-focused Silicon Valley Bank failed after venture capital investors started urging founders they backed to pull their money from the California bank. Signature Bank, a New York-based bank, also failed. The crypto-friendly bank Silvergate said it would shutter. And last Thursday, the largest US banks including JPMorgan, Bank of America, and Wells Fargo rescued First Republic with a $30 billion lifeline.Kelleher, who joined UBS in April 2022 after a three-decade career at Morgan Stanley, said on Sunday that UBS aims to "de-risk and downsize Credit Suisse's trading operations" and will "manage the majority of this in a separate, non-core division." Kelleher has dealt with banking crises before — he was chief financial officer and co-head of corporate strategy at Morgan Stanley, which nearly went under during the global financial crisis, from 2007 to 2009. UBS will contend with absorbing a bank that has faced a string of crises, from its involvement in the blow-up of family office Archegos Capital Management, one of the Swiss bank's clients at the time, to an embarrassing spying scandal. In 2019, Credit Suisse found in an investigation that a top executive had ordered a colleague to spy on Iqbal Khan — who now runs wealth management at UBS. "It's an outcome that we may not have hoped for," Hamers said of the Credit Suisse deal. "But the transaction is strategic." Regulators in the US praised the Swiss deal. Treasury Secretary Janet Yellen and Jerome Powell, chair of the Federal Reserve, said in a joint statement on Sunday that they "welcome the announcements by the Swiss authorities today to support financial stability" and that they were in touch with their international counterparts on the deal.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: UBS Wealth management Credit Suisse More... 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Profile of an Acquisition: Entering New Markets - Business Insider Finance BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Profile of an Acquisition: Entering New Markets Axial May 9, 2013, 9:50 AM 35 facebook linkedin twitter email print Axial Axial is an online network where private companies and their advisors connect with capital. Recent Posts 3 Failed Mergers and What They Reveal Trade Finance 101 When to Use Fairness Opinions in Private Transactions Investing in a new market is often a test of one’s investing prowess and management skill. As you face the challenges of unknown players, new trends, and industry secrets, successfully acquiring in a non-core industry can be extremely difficult. Still, firms do it all the time. CAPAS, Inc., a Detroit-based private equity fund recently expanded into the e-learning space with the acquisition of E-Learning Mind, an ed-tech company that provides online training and courses. To learn more about the transition, we spoke with Andrew Fayad and Simon Casuto, two partners of CAPAS and the new Managing Partners of E-Learning Mind, who told us the story of their acquisition. Finding the Deal: Attend Industry-Specific ConferencesAs Fayad and Casuto began the search for the opportunity, they wanted to become as knowledgeable about the e-learning space as possible. They feared that if they were too inexperienced, they would risk missing valuable opportunities. To expedite the learning process, Fayad and Casuto conducted comprehensive industry research, established new relationships, and even explored some alternative learning techniques. “One strategy that really helped us to learn the e-learning space and key players was to attend an industry-specific conference — the Learning Solutions Conference,” explained Fayad. He continued, “We went there as investors, which really opened everyone up. Many companies were willing to tell us their story, their business model, and their perceived value add. Some people were even giving us their revenues since it is so rare for investors to go to an industry-specific conference.” Although Fayad and Casuto ultimately sourced their deal through Axial, these conferences gave them a snapshot of the industry, the major players, and the investment opportunities. Closing the Deal: Synergy with the Seller is CrucialSince acquiring E-Learning Mind and expanding into the e-learning space, Fayad and Casuto have learned the value of having a synergistic relationship with the seller. “Shortly after discovering the opportunity, we met with Jack Makhlouf, the former CEO of E-Learning Mind,” explained Casuto. “It became evident during the meeting that there were clear business and personality synergies present between us and Jack.” Casuto added, “Not only did the synergies allow for a congenial and easy deal process, it also allowed us start growing the business from day one.” According to Fayad, “We are bringing sales, business development, and strategy experience to the table, while Jack is showing us the ropes of the e-learning space and of the business in general. Even if we were experts in the space, Jack’s wealth of knowledge and experience has proven invaluable in helping to develop the new future of the company.” Running the Company: Not all Competitors are BadAnother surprising source of knowledge for Fayad and Casuto has been other companies in the e-learning space. “Everyone in the ed-tech space seems to be really friendly,” Fayad explained. “They like teaching people and if you are new to industry, they are happy to explain.” While the disposition of teachers and educators may be congenial, the dynamics of the industry and e-learning space may also contribute. “Although there may be relatively low barriers to entry in the e-learning space, the amount of available capital is enormous,” explained Fayad. “There is a $56.2 billion global industry for corporate learning with only a few hundred competitors. We noticed that there is so much money out there and profit margins are so high, so it is not too competitive.” Hire Industry ExpertsWhile having Makhlouf on board has helped with the transition, Fayad and Casuto have also begun planning for the long-term. “As we look to grow the company, one of the biggest challenges is determining the type of person to hire,” explained Casuto. “Besides the basic considerations of personality match and skill level, you need to consider whether or not they are experienced in the industry.” The two have opted in favor of those with relevant industry experience. “We believe hiring industry experts is important to the growth of our business,” explained Fayad. “When you combine our knowledge of business and sales with insider knowledge, you strike a right balance. Instead of overemphasizing one knowledge base or skill, you are able to establish a brain trust that spot checks itself.” Hiring those with industry experience has proven a worthwhile investment for both the short-term and the long-term. In addition to helping inform business strategies, “Having insider knowledge has been particularly important in maintaining customer satisfaction during the management transition,” added Fayad. Balance Old Customers with the NewTo generate awareness and business for E-Learning Mind, Fayad and Casuto immediately began employing their sales and management expertise. “One of the first strategies we have adopted is re-engaging with previous customers — it was such low-hanging fruit,” explained Fayad. Casuto continued, “We began reconnecting with past E-Learning Mind clients by pitching our service in innovative and nontraditional ways. These alternatives to traditional training resonated with the past relationships and we were very quickly able to drum up some new business.” However, the new owners are continuously looking for the next major client. Fayad explained, “The main challenge comes in landing the first Fortune 1000 company and then getting referrals.” It is critical to use old relationships for new referrals. The post Profile of an Acquisition: Entering New Markets appeared first on Axial. Read more posts on Axial » More from Axial: 100 Incredible CEOs 3 Growing Industries in the Environmental Sector Lower Middle Market Weekly Outlook Week in Review: Fundraising, Nuveen, and Secondary Fatigue The Rise of the Internet of Things facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Profile of an Acquisition: Entering New Markets Profile of an Acquisition: Entering New Markets Investing in a new market is often a test of one’s investing prowess and management skill. As y... 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Startups Need Mergers And Acquisitions For Growth - Business Insider Strategy BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Startups Need Mergers And Acquisitions For Growth Martin Zwilling, Startup Professionals Musings Oct. 8, 2013, 9:30 AM 69 facebook linkedin twitter email print Martin Zwilling Martin Zwilling is a veteran startup mentor, executive, blogger, author, tech professional, and angel investor Recent Posts The 8 types of intelligence that influence how successful you are 7 steps to mastering the art of persuasion The 8 types of intelligence that influence how successful you are Every entrepreneur tries to maximize his startup growth by building and selling more product and services for the widest geographic area that he can support. This strategy is called "organic growth," yet it alone may yield only a fraction of the potential you could achieve, unless you add the additional strategies of partnerships and M&A (mergers and acquisitions). Many entrepreneurs are paranoid about the partnership approach, and think that M&A is only an alternative for large companies who are flush with cash. Both of these qualms are wrong and shortsighted. Laurence Capron and Will Mitchell explain why in their book, "Build, Borrow, or Buy: Solving the Growth Dilemma." I like their recommended framework for emerging firms, as well as large multinationals, to help build an optimal growth strategy for your company: Evaluate internal development versus external sourcing. Building through internal development, or organic growth, makes the most sense when you have a core set of skilled internal resources. Use external sourcing to fill in the non-critical gaps. Add basic partner contracts or alliances. Using contracts with partners for growth resources ("borrowing") is best when you can both define the resources clearly and protect them with effective contractual terms. Don't use alliances for core competencies. Invest in selective strategic alliances. Borrowing by way of a more engaged alliance helps you obtain targeted resources when you and a partner collaborate through limited points of contact and have complementary goals for your joint activities. Actively pursue mergers and acquisitions. M&A is "buying" resources for growth. This makes sense when you anticipate needing the freedom and control to make major changes to enhance growth, with a credible integration path while retaining key people. The real challenge here is balance. Too much emphasis on organic growth can become a straightjacket that leads only to incremental innovation and limited horizons. Too much reliance on growth via contracts and alliances makes you vulnerable to partners' actions and conflicts of interest. Overreliance on acquisitions drains resources and de-motivates internal teams. In every startup, as well as in mature companies, there is no substitute for constantly maintaining a pipeline of alternatives. This requires constant focus, as well as maintaining the skill set to do things like the following: Locating and not losing knowledge from within. Startups often find it difficult to retain key personnel and to control proprietary ideas. Rather than push non-compete agreements on your superstars, it's more productive to create incentive systems and creative ways for them to work more independently, just for you. External scanning for resources. Startups can't usually afford a business development team, so that effort is just one of the measurements that should fall on every CTO and CEO. Here is also an ideal opportunity to use your external advisors and Board to help identify external resources, potential partnerships, and acquisition opportunities. Partial acquisition. Budget relatively small "educational investments" at early stages, to learn from a target firm without a full commitment, or without leading either partner astray. These can reinforce the operational and financial linkages through licensing or alliance agreements, and allow the relationship to develop prior to an acquisition commitment. Spin-ins. This is a transaction whereby two firms agree on a set of milestones that would trigger a partnership or acquisition, if the innovator achieves the specified goals. The initiator funds the innovators' development activities and gives them the flexibility to work independently. There is no question that startups which manage the broadest alternatives for growth will gain competitive advantages. This selection capability is a skill and a discipline that every entrepreneur needs to nurture and develop over time. The world and current economic environments have changed. The past can be a deadly rear-view mirror. Look for new horizons. Marty Zwilling Read more posts on Startup Professionals Musings » Read the original article on Startup Professionals Musings. Copyright 2013. More from Startup Professionals Musings: Checklist For Becoming A More Effective Team Leader 8 Ways To Pivot Your Business To Kickstart Growth Traction Metrics Seed Real Startup Funding And Growth facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Startups Need Mergers And Acquisitions For Growth Startups Need Mergers And Acquisitions For Growth Every entrepreneur tries to maximize his startup growth by building and selling more product and ... 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Why Facebook Acquired Parse - For App Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. This Guy Thinks A Little-Noticed Facebook Acquisition Gives It A Head Start On Finding The Next Instagram Jim Edwards Sep. 6, 2013, 10:06 AM 14,696 1 facebook linkedin twitter email print Stevie Graham / TwitterStevie Graham See Also Here were the winners and losers in this quarter's tech earnings How the free-to-play model captured the mobile gaming market, why it's proven problematic, and how to fix it 15 things you probably didn't know you could do with Facebook's super-popular chat app Back in April, Facebook made a small acquisition that few outside app developer circles paid much attention to. It bought Parse, a cloud company that hosts backend services for app developers. The deal was reportedly worth $85 million — peanuts for Facebook. But Stevie Graham, a "hacker at large," thinks the acquisition gives Facebook a huge advantage in terms of figuring out who the next Instagram or Snapchat is — allowing it to swoop in and acquire it before it becomes worth billions. (Graham is currently working on a payments app called PayWithZap, but he has a longer resume as a software developer and engineer for companies like HSBC and Twilio.) Parse hosts mobile apps' backend resources, like analytics. So Parse can see which apps are growing like wildfire, and which are dying on the vine. Here's how Graham sees that playing out: Another use I can see for Parse data is giving Facebook the jump on fast growing apps they can acquire before anyone else even knows what has happened. Facebook will know the metrics of any app using Parse, so when they see they have the next Instagram on their hands they can swoop in early and get it for a knockdown price before breakfast. If Facebook could acquire the next Instagram for half off by being early to the party, the Parse acquisition will have paid for itself many times over. This is genius, diabolical genius but genius nonetheless. Apps currently hosted by Parse include Food Network, Hipmunk, iBart, Anypic, and Travel Channel. There are 100,000 apps using Parse, Graham says. You can get a taste of Parse's analytics here, so you can see how much rich data the Parse cloud is throwing off about app use. If you want a slightly deeper dive, this Parse blog post describes how the service now offers apps' info on the current rate of API requests for their apps. API requests occur when another app or web site wants to link to another app, for instance when Instagram uses Foursquare to figure out the location of where a photo was taken and append it to the Instagram post. You can see that even a brief glimpse of topline trend data about app activity within Parse would instantly give you guidance as to which apps are heavily used, and which are niche players at best. Interestingly, Graham's theory suggests that if you want to be acquired by Facebook, you should host your backend on Parse rather than a competing platform. We asked Facebook for comment, and we'll update this post when we hear back. Disclosure: The author owns Facebook stock. More: Mobile Facebook facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading This Guy Thinks A Little-Noticed Facebook Acquisition Gives It A Head Start On Finding The Next Instagram This Guy Thinks A Little-Noticed Facebook Acquisition Gives It A Head Start On Finding The Next Instagram A sneak first look at 100,000 apps? 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GroupMe to be acquired by Skype - what a birthday present - Business Insider Strategy BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. GroupMe to be acquired by Skype - what a birthday present Howard Morgan, WayTooEarly Aug. 22, 2011, 11:31 AM 0 facebook linkedin twitter email print Howard Morgan Howard Morgan is managing partner at First Round Capital Recent Posts Privacy Policies for Mobile Applications Congratulations: Single Platform Acquired by Constant Contact Congratulations: Single Platform Acquired by Constant Contact Last night, GroupMe announced their acquisition by Skype, a great outcome for Jared Hecht and Steve Martocci, and for their investors, First Round Capital included. It was announced a few days after their first anniverary party.   I"ve had a great time working with Jared and Steve - their enthusiasm and work ethic are first rate. I've also had a great time using the product, which has made keeping in touch with my family and friends much easier. I'd write more, but my colleague, Charlie O'Donnell (@CEONYC), who brought this deal in, has said it very well here.  And our coinvestor, David Tisch (@DaveTisch) shows that the focus on investing in people works. All the best to @jared and @Smart  as they build Skype's NYC Social Media presence. Read more posts on WayTooEarly » Read the original article on WayTooEarly. Copyright 2011. More from WayTooEarly: Abra: Innovation in Remittance When Machines Talk, Augury Listens CloudHelix: Understanding and Managing Network Infrastructure facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading GroupMe to be acquired by Skype - what a birthday present GroupMe to be acquired by Skype - what a birthday present Last night, GroupMe announced their acquisition by Skype, a great outcome for Jared Hecht and Ste... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Strategy Emails & Alerts Sign-Up Learn More » Strategy Select Instant MBA Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSGPLSE

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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Global M&A, lending falls off a cliff after logging record years, as investment banks prepare for the new normal with slimmed-down teams. Aaron Weinman 2022-10-03T12:30:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Hi. I'm Aaron Weinman. Today will be my final dispatch as the author of 10 Things on Wall Street. I'm absolutely gutted to be leaving, but after nearly 11 years abroad, I've decided to head back to Australia. But you're in good hands — my Insider colleagues will be leading the newsletter from here. Alas, the show must go on. With a new quarter about to start, the numbers from the third quarter looked pretty bleak.Global M&A deal values reached about $2.7 trillion for the first nine months of 2022, down 34% for the same period last year, according to data from Refinitiv.Cross-border M&A was down nearly 40% for the first three quarters, while private-equity-backed buyouts dipped roughly 26%, the data showed.The slump in deals has led banks to trim workforces and reduce their expenses. Let's do this one last time.If this was forwarded to you, sign up here. Download Insider's app here. Congress is considering banning its members — and their family members — from trading stocks. Kolderal via Getty Images 1. Deal values, and volumes, slumped for the first nine months of the year. Persistently high inflation, economic uncertainty, and increased borrowing costs have made it tougher for companies to stomach debt, and many have held off from moving ahead with mergers and acquisitions.Globally, the number of M&A deals fell to 39,250 from January through September, down 18% from 48,045 in 2021, Refinitiv data showed. Cross-border deals reached 11,753 for the first nine months of 2022, down 12% from last year's 13,385 transactions. And in private-equity land, sponsor-backed buyouts fell 27% to 8,348 from 11,503, the data showed.Debt capital markets also turned bearish last quarter, and lending took a hit, according to Maria Dikeos, the head of global loan contributions for Refinitiv.US syndicated loan volumes hit $1.8 trillion for the first three quarters, down 15% year-over-year.Companies are tightening their purse strings in a bid to ride out the market volatility. Industries from big tech to Wall Street have conducted rounds of job cuts to trim their expenses, and shore up their balance sheets ahead of potentially more choppy economic conditions. To be sure, global M&A is still ahead of 2020's first three quarters — roughly $2.17 trillion worth of deals were completed during that time — and only slightly behind the $2.8 trillion in deals that were completed during the first nine months of 2019.While the slowdown is notable, it's important to remember that 2021 was a record year for M&A, capital-markets dealmaking, and private equity, which is still sitting on trillions of dollars of unused capital.In other news: Ulrich Körner, chief executive of Credit Suisse via Reuters 2. Credit Suisse sought to calm worries about its financial strength. CEO Ulrich Körner said Friday that the bank has a "strong capital base and liquidity position," Bloomberg reported, but that statement failed to quell speculation about the health of the bank. Hedge fund manager Boaz Weinstein tweeted Saturday that the chatter on Twitter "feels like a concerted effort at scaremongering." The Financial Times Alphaville tried to filter out the noise surrounding the Swiss bank. Amid the concerns, Credit Suisse shares fell nearly 8% in early trading Monday.  3. Hedge fund stars, other former colleagues, and relatives of  Julian Robertson gathered in a Manhattan chuch Friday morning to remember the billionaire Tiger Management founder who died in August at age 90.  Insider attended the memorial service.4. Elon Musk vs. Twitter: Text logs show Reid Hoffman, Jack Dorsey, and Joe Rogan texting the billionaire about Twitter. Here are all the juiciest private texts between Musk and his wealthy friends discussing plans for the social-media platform. The bevy of messages also make clear that, at least at one point, Musk was serious about buying Twitter.5. Hedge funds are on the hunt for talent in Florida. Two recruiters have described the rush, the roles they're trying to fill, and the challenges that even the big firms face.6. JPMorgan plans to hire about 2,000 engineers worldwide through the end of this year, Reuters reported. The bank added more than 5,000 software developers and data scientists last year and aims to attract more at a time when tech giants have slowed hiring. 7. UBS's U-turn on acquiring WealthFront followed pressure from shareholders and US regulators, reported SonntagsZeitung of Switzerland, citing unidentified bank sources, according to Reuters.  The Swiss bank and US robo-advisor announced in September that they had agreed to terminate the $1.4 billion deal. 8. A member of the Safra banking family is trying to stop private lenders from taking over Spring Mountain Vineyard, a large Napa Valley vintner of award-winning cabernet sauvignon wines.9. Biotech firm Prime Medicine is gearing up for a $200 million initial public offering. We dug through the company's 282-page filing to find five key points about Prime's plan to commercialize gene editing.10. Blackstone used to target places where people worked and shopped before buying people's homes. Here is how one country took on the world's biggest commercial landlord, in this deep dive from the Guardian.Done deals: Investment manager Clear Sky Advisors has hired John Holl as president of North American carbon and president of environmental trading. He joined from ACT Commodities. Clear Sky focuses on sustainable investment strategies.Private-credit firm Brightwood Capital Advisors has appointed Kristan O'Connor as a managing director in the firm's portfolio management and risk group. Before joining Brightwood, O'Connor was a senior vice president and credit risk executive at Bank Leumi.Shane Akeroyd has joined Digital Asset's executive team as a president. He will focus on developing customer relationships and new business. He joined from IHS Markit.Curated by Aaron Weinman in New York. Tips? Email aweinman@insider.com or tweet @aaronw11. Edited by Hallam Bullock (tweet @hallam_bullock) in London. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Listen to The Refresh, Insider's real-time news show Newsletter Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking — delivered daily to your inbox. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: Finance Capital Markets Mergers And Acquisitions More... Listen to The Refresh, Insider's real-time news show Close icon Two crossed lines that form an 'X'. 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Sprint Might Acquire T-Mobile - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × WSJ: Sprint Might Buy T-Mobile Next Year For $20 Billion Steve Kovach Dec. 13, 2013, 4:28 PM 2,801 4 facebook linkedin twitter email print T-Mobile spokeswoman Carly Foulkes. Kevin Smith/Business Insider Sprint, the third largest wireless carrier in the U.S., is considering a $20 billion bid to buy T-Mobile next year, according to The Wall Street Journal. T-Mobile is the fourth largest carrier and the smallest of the "big four" — Verizon, AT&T, Sprint, and T-Mobile. If Spring buys T-Mobile, only three companies will dominate the wireless carrier business in the U.S. However, the WSJ says Sprint hasn't decided on whether or not it will make the bid for T-Mobile. There are a ton of regulatory things that would have to clear first. Plus, it brings back memories of when AT&T and T-Mobile tried to merge in 2011. The Justice Department killed that deal. More: Sprint T-Mobile facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading WSJ: Sprint Might Buy T-Mobile Next Year For $20 Billion WSJ: Sprint Might Buy T-Mobile Next Year For $20 Billion Sprint, the third largest wireless carrier in... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Industry Insider Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Here's What Instagram's $1B Acquisition Says About Mobile Advertising - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Email Zip From To Email Sent! You have successfully emailed the post. Here's What Instagram's $1B Acquisition Says About Mobile Advertising Arden Pennell | Apr. 12, 2012, 3:00 AM | 1,484 | 1 Email More Share on Tumblr Tweet Email Share on Tumblr ScreenshotHow many of these are ads? See Also The Porn Industry Has Already Dreamed Up Some Awesome Ideas For Google Glass The Social Media Advertising Ecosystem Explained There's Been A Mass Exodus From The US Workforce, And It's Going To Continue For Decades The future of mobile advertising is display. To clarify: it's not in iAds or other software from OS makers and carriers. Tapping on those teeny-tiny "x"s in pop-ups requires an annoying amount of precision, and users generally ignore the ad content. The gap in mobile ad spending versus the enormous time spent on mobile is real, and it exists partially because of these unappealing little ads. Instead, the company proving that display advertising works for mobile is Instagram, the photo-sharing app that Facebook bought for $1 billion on Monday. Instagram's 27 million users not only look at mobile ads -- they rate them, share them, comment on them, and perhaps even like the brands using them a little bit better. Just don't call them ads. Instead, call them pictures, and if you're a brand, make sure they're interesting or beautiful to look at. See for example Burberry's hazy, over-exposed "behind-the-scenes" shots of models and fashion shoots. They're appealing in a way that glossy magazine pictures aren't, because they're not the commoditized images that consumers might expect. Instead, they're a hip, attractive, insider-y collage. And they probably make consumers think of the Burberry brand more favorably. You can hear more about smart mobile marketing and ad tactics at the Mobile Advertising Conference, taking place June 14 in New York, hosted by Business Insider. Extra-early-bird tickets are now on sale. The agenda covers everything from in-app experiences and stealth ads like those on Instagram, to content integration, traditional display, and geo-local targeting. You'll hear from mobile and product chiefs including: Tim Reis, Head of Mobile Display, Google Chris McCann, President, 1-800-Flowers.com Michael Bayle, SVP, ESPN Mobile Kevin Brown, VP Global Mobile Solutions, Citi Robinne Burrell, Director of Mobile Products and Distribution, Match.com They'll dive into the top questions and issues for advertisers and publishers, such as: Smart Phones vs. Tablets vs. E-readers Achieving The Next Level: Lessons Of Mobile Gaming Apps: To Build Or To Buy? Third Screen Experiences: Making Content To Go Get your ticket here, and join the discussion on June 14 for a day of intense industry insight and valuable networking. Meanwhile, you can follow @BI_Events on Twitter for discounts and updates. See you in June! 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The HR boss behind Yahoo's acquisition o - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Apr. 10, 2013, 2:19 PM NC 17 facebook linkedin twitter email print The HR boss behind Yahoo's acquisition of a teenager's startup just got promoted to head of development. -- NC facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading The HR boss behind Yahoo's acquisition o The HR boss behind Yahoo's acquisition o The HR boss behind Yahoo's acquisition of a... Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Google's 15 Biggest Acquisitions And What Happened To Them - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Email Zip From To Email Sent! You have successfully emailed the post. Google's 15 Biggest Acquisitions And What Happened To Them Matt Rosoff | Mar. 14, 2011, 12:31 PM | 338,308 | 12 Email More Share on Tumblr Tweet Email Share on Tumblr AP  Google has a reputation as an innovative company, but in fact it owes a lot of its success to acquisitions. Google basically bought AdSense, the paid search platform that made it a financial powerhouse, from Applied Semantics in 2003. In addition, three of the four non-search businesses that Google has identified as its future -- YouTube, Android, and display advertising -- were acquired and run more or less independently today. The fourth -- enterprise apps -- was helped greatly by the acquisition of Postini. There were also plenty of acquisitions that never paid off. Google is not as bad as Microsoft in this respect, but it does have a couple of embarrassing $100 million mistakes. Join us as we count down Google's top 15 acquisitions by value and show what happened to them. #15: Android mobile platform, "up to" $50 million (estimated) Last October, Google M&A chief David Lawee called the 2005 acquisition of Android -- the mobile phone platform started by ex-Danger leader Andy Rubin -- its "best deal ever." Only two years after launch, Android has become the second-most-popular mobile platform (after Nokia's Symbian) in the world, with almost 25% share. Android doesn't generate direct revenue, as Google gives the OS away, but it provides a built-in userbase for mobile search (and mobile advertising), which Google recently said was contributing more than $1 billion a year. #14: Aardvark social search, $50 million APGoogle paid about $50 million for social search Q&A service Aardvark in February 2010, but hasn't really done much with it -- answers aren't integrated into Google core search results. It's still a standalone service offered through Google Labs. In the meantime, competing Q&A site Quora has built a lot of buzz, although it serves a slightly different purpose than Aardvark, which is focused on answering questions with local relevance. #13: Jambool social payment platform, $70 million Google bought this mobile-payment platform in August 2010. Onlookers assumed it would be part of Google's social networking efforts. In fact, the team was put to work on in-app payments, and earlier this month Google said it would shut down the Jambool Social Gold service in May, and replace it with its own in-app payment system. #12: Invite Media ad platform, $81 million Profile Pictures by Nat TurnerGoogle bought this ad technology company last June, making its 24-year-old founder Nat Turner a young millionaire. Invite is a demand-side platform (DSP), which helps ad buyers place their wares on ad exchanges, and hasn't yet been integrated into Google's other ad-buying products. Google recently wrote a blog post explaining when advertisers should use Invite versus the Google Display Network #11: Feedburner RSS tools, $100 million In Jue 2007, Google paid $100 million for this company, which creates tools for advertisers and users to manage RSS feeds. It's still around, but RSS has become less interesting in the wake of Twitter -- which is now run by former Feedburner founder Dick Costolo. #10: Like.com visual search, $100 million+ Google bought this visual search company last summer, and put the team to work building a search vertical for women's fashion called Boutiques.com. #8 (tie): Applied Semantics, $102 million David Lawee may think Android is Google's best acquisition, but from a pure ROI perspective it's hard to beat Applied Semantics, which built AdSense -- the paid search advertising platform that's still responsible for most of Google's revenue and profits. #8 (tie): dMarc automated radio ad placement, $102 million This one was a mistake: in 2006, Google paid $102 million for this platform for automatic placement of radio ads, and offered a whopping guarantee of up to $1.1 billion based on performance. But the business never took off, and Google shut the program down in mid-2009. #7: On2 video compression, $133 million Google tried to buy this video compression company for $106 million, but its shareholders held out for a higher price and eventually got $133 million in January 2010. Last summer, Google announced it would open-source the VP8 video codec it acquired with On2, and rename it WebM. Google has since tried to push WebM as a replacement for H.264, a much more widely used standard for Web video. #6: Slide social gaming, $228 million (estimated) Google bought the social gaming company behind SuperPoke last August for $228 million (the price was originally reported at $182 million). Slide still operates but Slide founder Max Levchin has reportedly been working on secret new social initiatives. #5: Postini email security and services, $625 million Google bought this company in June 2007 and integrated its add-on email services, like spam-blocking and archiving, into Gmail for business users. It's been a critical part of Google's enterprise apps business ever since.  #4: ITA travel service, $700 million (if regulators let it go through) Google made a $700 million bid for ITA, which compiles flight information for airlines, travel agencies -- and rival search engines. The bid garnered complaints from competitors who rely on ITA's service, including Microsoft (Bing) and Kayak, and the U.S. Department of Justice is reportedly considering blocking it. #3: AdMob mobile advertising, $750 million That's the FTC on the phone? I'm in a meeting.delirium.comAndroid is all about increasing mobile search usage today, but Google hopes to make mobile advertising in general into a huge business. That's why it paid $750 million for AdMob in November 2009. Since then, however, AdMob execs have left -- including former CEO Omar Hamoui (pictured here) -- and sources have said the integration isn't going so well. #2: YouTube video sharing site, $1.65 billion It looks like a no-brainer now, but when Google bought the video-sharing service in 2009, it was a huge risk: YouTube was full of copyrighted content that users uploaded without permission, and faced potentially billions in lawsuits. Google skillfully negotiated contracts with content owners and instituted a reasonable takedown policy, and as a result YouTube has thrived -- analysts estimate it's now profitable and earns more than $1 billion a year. This year, Google is increasing headcount by 30% and is hiring tons of new ad sales people. #1: DoubleClick display ad technology, $3.1 billion The 2007 acquisition of DoubleClick launched Google into the display advertising business. It's been a mixed bag. Google boasts that it's making $2.5 billion a year from display, but about $1 billion of that is from YouTube. Also, display advertising isn't nearly as profitable for Google as its core search advertising business. Still, display advertising is a big business, and Google has to be in it. Buying DoubleClick was a lot faster and easier than building a display business from scratch. The one that got away: Groupon for $6 billion AP PhotoDaily deals sites are the big new wave in online advertising, and threaten to replace a lot of small business search spending. Google tried to get on top of the trend by making a $6 billion offer for category leader Groupon, but the company's founders decided to go it alone. That looks to be a good move: earlier this year, reports came out that Groupon is planning a $15 billion IPO. Google has done much better than Microsoft with acquisitions. Despite a few misses and integration headaches, Google has a much better acquisition record than its deep-pocketed rival Microsoft. That's probably most clear in the mobile space -- Microsoft bought Danger for a reported $500 million and squandered it, while Google bought Danger founder Andy Rubin's next project, Android, for one-tenth that price and turned it into the second-biggest mobile platform in the world. But there are other examples as well, like DoubleClick versus Microsoft's $6 billion aQuantive acquisition. 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Exxon Acquires XTO For $41 Billion - Business Insider Green Sheet BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Mega-Merger: Exxon Makes Huge Natural Gas Bet With Acquisition Of XTO Energy For $41 Billion Joe Weisenthal Dec. 14, 2009, 8:17 AM 5,917 2 facebook linkedin twitter email print How about a huge energy deal to kick off your week. Exxon (XOM) is buying XTO Energy (XTO) for $41 billion. It will be a taken as a major bullish signal on natural gas. Earlier this month, Exxon made a presentation on how the natural-gas era was set to begin. They were serious. -------- IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation and XTO Energy Inc. announced today an all-stock transaction valued at $41 billion. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. Under the terms of the agreement, approved by the boards of directors of both companies, ExxonMobil has agreed to issue 0.7098 common shares for each common share of XTO. This represents a 25 percent premium to XTO stockholders. The transaction value includes $10 billion of existing XTO debt and is based on the closing share prices of ExxonMobil and XTO on December 11, 2009. “We are pleased that ExxonMobil and XTO have reached this agreement,” said Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation. “XTO is a leading U.S. unconventional natural gas producer, with an outstanding resource base, strong technical expertise and highly skilled employees. XTO’s strengths, together with ExxonMobil’s advanced R&D and operational capabilities, global scale and financial capacity, should enable development of additional supplies of unconventional oil and gas resources, benefiting consumers both here in the United States and around the world.” Tillerson said the agreement is good news for the United States economy and energy security, as it will enhance opportunities for job creation and investment in the production of America’s own clean-burning natural gas resources. XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil. These will complement ExxonMobil’s holdings in the United States, Canada, Germany, Poland, Hungary and Argentina. Following the transaction closing, ExxonMobil intends to establish a new upstream organization to manage global development and production of unconventional resources, enabling the rapid development and deployment of technologies and operating practices to increase production and maximize resource value. The new organization will be located in Fort Worth, Texas, in XTO’s current offices. Bob R. Simpson, chairman and founder of XTO, said that over the company’s 23-year history, XTO has developed technical expertise and has assembled a substantial, high-quality and diverse resource base in producing basins across the United States. “XTO has a proven ability to profitably and consistently grow production and reserves in unconventional resources,” said Simpson. “As the world’s leading energy company, ExxonMobil will build on our success and open new opportunities for the development of natural gas and oil resources on a global basis.” Tillerson said the agreement is part of an ongoing, disciplined evaluation of timely investment opportunities to create value for shareholders, and to help meet long-term global energy demand growth. The agreement is consistent with ExxonMobil’s business model which is focused on sustainable, long-term value creation. Completion of the transaction is expected in the second quarter of 2010. In connection with the transaction, J.P. Morgan Securities Inc. are acting as financial advisors to ExxonMobil and Barclays Capital Inc. and Jefferies & Company Inc. are acting as financial advisors to XTO. More: Gas Exxon Deals facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 2 Apply To Be An "Insider" » Loading Mega-Merger: Exxon Makes Huge Natural Gas Bet With Acquisition Of XTO Energy For $41 Billion Mega-Merger: Exxon Makes Huge Natural Gas Bet With Acquisition Of XTO Energy For $41 Billion Hey, Exxon said the natural gas era was set to begin. 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Top Companies New Amazon Web Services CEO Could Buy Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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Copy Link Download the app Adam Selipsky, the new CEO of Amazon Web Services, could buy software and edge computing firms to help AWS maintain its top spot and combat Microsoft's software dominance. Source: Salesforce This story is available exclusively to Insider subscribers. Become an Insider and start reading now. With new AWS CEO Adam Selipsky on board, experts say he could buy software and edge computing firms. Since AWS is behind Microsoft in productivity software, it's a chance for Selipsky to make his mark. Analysts said other buys in security and vertical cloud solutions could help AWS grow faster. See more stories on Insider's business page. Amazon Web Services is the long-standing market leader in cloud computing, but it can't rest on its laurels: Microsoft is becoming an increasingly strong competitor.One strategy that new CEO Adam Selipsky — who officially took over AWS on Monday as Andy Jassy took the helm at Amazon — could deploy to keep the $54 billion firm on top, and potentially challenge Microsoft, is M&A. Mergers and acquisitions are a popular strategy within the cloud market, where it's common to see "public cloud providers scooping up some of these smaller players," said Sid Nag, a vice president focused on cloud at Gartner.He and other analysts named eight companies that Selipsky could buy.Four are collaboration and communication related firms, an indication of AWS's interest in combating Microsoft's productivity software dominance.AWS recently bought the encrypted messaging app Wickr, which analysts suggested was a sign it "felt left out" that it didn't have a productivity suite in the vein of Microsoft 365 to sell to government customers.Indeed, software-as-a-service (SaaS) is an area some analysts have long considered unexploited territory for AWS and it's becoming apparent the company feels that way too: Amazon has discussed forming a 'Rebel Alliance' with companies like Slack and Dropbox to compete with Microsoft, and the AWS business-apps team frequently discusses how to match Microsoft's 365 suite of products.IDC research director Larry Carvalho told Insider that AWS tends to focus on getting other companies to build on top of its platform — including Salesforce, both customer and partner to AWS — but that it does already have a SaaS headstart based on the strength of its retail platform."If you add e-commerce, they are into SaaS, they are into search, they are into recommendations, they are into advertising," he said. "So they have some entry into that market without having to buy anybody."The other four acquisition targets are small firms working on edge computing, the industry term for putting processing power closer to devices or locations for better performance, which is useful for a wide range of applications including self-driving cars, factory equipment, and smart-home electronics.Dan Ives, managing director at Wedbush Securities, said that edge continues to be a key place for AWS to innovate and even buy. "As the cloud moves closer to the end point, it becomes more and more important for AWS to extend its tentacles and infrastructure to the edge and beyond," he told Insider. "There's a lot of companies that play there, but I would not be shocked to see them go after some acquisitions on that front." Beyond edge computing, analysts also see opportunities for Selipsky to make buys in areas like vertical cloud solutions and cybersecurity, if only to beef up what AWS already offers.Here are eight companies experts say that AWS could acquire — and four more categories where it could make smart buys: Cisco WebEx Chuck Robbins, the CEO of Cisco, which owns video conferencing software WebEx. David Zorrakino/Europa Press via Getty Images Owned by enterprise software and networking giant Cisco since 2007, WebEx is a video conferencing tool that goes up against Zoom and Microsoft Teams — and all three saw huge surges in popularity during the pandemic.Compared to its competitors however, WebEx isn't considered as flashy or cool, though it does have a long history of usage within enterprises, public agencies, and healthcare companies . It's those vertical customers and an enterprise-approved reputation that could make WebEx an attractive acquisition target for AWS. Admittedly, it's fairly unlikely because there's been no indication Cisco wants to put it up for sale, Lopez Research's Maribel Lopez told Insider. Blackberry AtHoc John Chen, the CEO of Blackberry, which owns secure crisis communications provider AtHoc. AP Owned by Blackberry, the smartphone maker turned software company, AtHoc is a provider of secure crisis communications commonly used by the military and government agencies. Blackberry purchased the firm in 2015.Lopez Research analyst Maribel Lopez told Insider that AWS could be interested in purchasing firms that offer government-related services like AtHoc. Indeed, AWS just purchased encrypted messaging app Wickr, popular among government and military users, for an undisclosed amount. Box Aaron Levie, the CEO of Box. Steve Jennings/Getty Images Cloud software provider Box — which is reportedly exploring a sale — is a potential AWS acquisition target said Dan Newman, analyst and CEO of Futurum Research."It fits nicely into that software and utility category where AWS has potential to grow and expand," he told Insider. Box is currently valued at some $4.12 billion on the public market."They're the kind of company that adds something that right now — even the Salesforce partnership and the current suite of products doesn't directly address — that Microsoft and Google are both very actively addressing," he said.At the same time, Lopez Research's Maribel Lopez said the acquisition would only make sense if Box could offer AWS a product feature it couldn't build on its own. "Maybe there's some management tooling around security," she told Insider, "But it's not something that I could see them wanting to pay a lot of money for." Salesforce Marc Benioff, the CEO of Salesforce. Justin Sullivan/Getty Images With the recently announced expanded partnership between Salesforce and AWS, there's again talk of AWS one day acquiring the software giant.Lydia Leong, a vice president and analyst at Gartner focused on cloud computing, called out Salesforce as an attractive target for AWS, though not a likely one."I'm sure that if they could own someone like Salesforce, who at this point in time, it's very much a platform company, that would be attractive," she said. "But there isn't necessarily anyone else that I think would really accelerate their business."Analysts have previously told Insider that Microsoft could one day look to buy Salesforce, but such a deal seems doubtful because Salesforce is valued at nearly $228 billion, and there's been no obvious signs the company wants to sell.RBC Capital Markets has also predicted that Google could acquire Salesforce to help it reach its goal of becoming the number two cloud player by 2023, as RBC doesn't see "a viable organic way to get there." AlefEdge Dr. Ganesh Sundaram, the founder and CEO of AlefEdge. AlefEdge AlefEdge helps developers build 5G edge services with its platform EdgeNet. It also lets enterprises deploy EdgeNet on a 4G network to enable 5G applications, without requiring a 5G network.Based in New York and founded in 2013, the company has raised about $40.16 million according to PitchBook. Its platform works with AWS, Azure, Google Cloud, and Salesforce Cloud.IDC's Larry Carvalho described AlefEdge and the following firms as "very interesting and future-looking in terms of building applications on the edge." ClearBlade Eric Simone, the co-founder and CEO of ClearBlade. ClearBlade ClearBlade helps companies deploy Internet of Things solutions for industries such as logistics, healthcare, and mining. Similar to AlefEdge, ClearBlade takes a multi-cloud approach and works with AWS, Azure, Google Cloud, and IBM Cloud. Based in Austin, Texas and founded in 2007, the company has raised about $13.3 million, according to PitchBook, and is valued at $76.67 million.Though the company plays well with the major clouds, CEO Eric Simone has said that they can be rivals too, and "flexibility is why we get selected, competing against AWS, Azure, and other platforms."  Ridge Jonathan Seelig, the co-founder and CEO of Ridge. Jonathan Seelig Ridge helps developers deploy cloud-native applications to the edge in areas such as cloud monitoring, retail, manufacturing, media streaming , and even drones. Based in Tel Aviv, Israel and founded in 2018, the company is backed by VCs in Tel Aviv and Silicon Valley. It has raised $260,000 according to PitchBook.According to analyst Phil Shih of Structure Research, Ridge is betting on the fact that it offers a managed Kubernetes service for customers who need to run their applications globally, and want to use more than one cloud provider."Most cloud providers don't have the necessary reach that a true edge cloud provider is aiming for," Shih wrote. "Ridge has already tested applications in 60 locations around the world." German Edge Cloud (GEC) Dr. Sebastian Ritz, the CEO of German Edge Cloud. GEC German Edge Cloud (GEC) helps manufacturing customers optimize their operations in edge solutions like data analytics and data sovereignty. The German company was founded in 2018 and recently merged IoTOS (which offered integration services), iNNOVO Cloud (which provided cloud operations), and German Edge Cloud (which offered edge cloud data center solutions) under the GEC umbrella.Freidhelm Loh, CEO of GEC's parent company Friedhelm Loh Group, has said that when manufacturing companies use cloud, they "want to maintain full control over their data," which GEC provides. The Friedhelm Loh Group has also aimed to compete with AWS on smaller scale for the European market.  But Amazon tends to only buy the smallest startups, or else build in-house. AWS tends to look for early stage companies whose technologies they can rebuild for their own purposes, an analyst told Insider. Reuters/Ivan Alvarado However, analysts told Insider that AWS doesn't often buy companies, preferring to go a build it in-house route. But when it does so, analysts agreed that they're often small, stealth mode startups that "you have never heard of," as Gartner's Lydia Leong put it."AWS tends to have a certain degree of 'not invented here' in their technology, and when they've purchased companies, it has often been at a fairly early stage where they could rebuild the company's technologies for their own purposes," Leong said."The other acquisitions AWS has done have been very much tuck-ins," she said, referring to the type of buy where the acquired company is absorbed into the purchasing one's platform. Another reason is that when smaller companies build solutions, they typically don't think about delivering them to millions of customers like AWS does — meaning AWS would make different design choices. "That becomes less likely for companies that are later-stage revenue generating when you've got a big legacy customer base to deal with," Leong said.Futurum's Dan Newman agreed, telling Insider AWS tends to go after "extremely targeted rather than larger, more well-known companies." Cloud management and hybrid tools As hybrid and multi-cloud becomes more popular for enterprises, analysts say AWS should look into buying the tooling that enables deployments. Britta Pedersen/picture alliance via Getty Images Despite analysts agreeing that AWS tends to go after smaller companies or build in-house, they described a number of categories of firms the company might be interested in."Anything that's core to the offering, you're going to see people trying to build it in-house, but anything ancillary, they want to see how acute that particular problem becomes, would be more of an acquisition play," Gartner vice president Sid Nag said.For example, Wedbush's Dan Ives said the hybrid cloud ecosystem is expanding rapidly, and managing that system is a growing problem."When I look at a company like Aviatrix, which is probably one of the leaders in multi-cloud deployments, I think that's a good example of the types of companies that Amazon's going to partner more and more with," he said, also mentioning that the regulatory scrutiny Amazon is under makes it less likely to acquire companies. Vertical cloud solutions Analysts predict growth around vertical solutions for cloud, and AWS has already made headway in manufacturing. Liu Zhankun/Getty Images Maribel Lopez, founder and principal analyst of Lopez Research, told Insider that 2021 will be the year of vertical cloud — and specifically the tools that will enable vertical clouds, or those dedicated to specific industries like healthcare, legal, or finance, to function."A lot of vertical cloud is around compliance," Lopez said, so compliance-related software and functionality, and the companies that "really excel at HIPAA or document tracing and tracking" could be likely buys for AWS.Gartner's Lydia Leong agreed, saying she expected to see more solutions for vertical markets, especially for AWS in areas like manufacturing. Security With security in the spotlight, analysts said AWS could consider buying startups with cutting-edge security solutions. Sebastian Gollnow/picture alliance via Getty Images Analysts also called out security as likely being top-of-mind for AWS, especially as high-profile breaches like the SolarWinds supply chain hack and Microsoft Exchange attack continue to worry customers.Still, they agreed that AWS is generally good at securing its products and services, so any additions to its portfolio would have to be firms "doing game-changing work," IDC's Larry Carvalho said.Carvalho offers examples like solutions that incorporate artificial intelligence or machine learning models and algorithms, which could automatically detect patterns — but only if AWS doesn't already have something similar.At the same time, AWS could improve its security offerings by partnering with smaller firms, as security threats are constantly evolving: "AWS is going to have to continue to beef up their platform and innovate to stay one step ahead of the bad guys," said Wedbush managing director Dan Ives. Professional services As systems integrators that help customers get onto their cloud providers are increasingly needed, analysts say AWS may want to bring specialized firms on board. AP Photo/Elaine Thompson Analysts said professional services or system integrators are in demand — filling the gap between buying a new cloud service and getting it up and running. Gartner vice president Sid Nag said the research firm's survey recently found that over 40% of organizations are looking for third-party help to operationalize their cloud journey.Yet IDC's Larry Carvalho says he has never seen AWS "really get into that business in a big way," though he could see the possibility of AWS buying a specialty vendor that could boost the services of larger integrators like Accenture and Infosys.Gartner vice president Lydia Leong agreed, saying AWS does offer some of those services in-house, but could "benefit from doing a tuck-in that might specialize in things like SAP migration."Wedbush's Dan Ives considers integrators playing a key role for AWS this year as it goes up against Microsoft. "Heavy duty workloads are moving to the cloud and that's right in the backyard of Redmond and Azure," he said, making the integrators all the more necessary for helping with that transition. Who AWS has bought before Previous AWS acquisitions show similar trends to what analysts described to Insider — purchases in cloud management. AP Photo/Michel Spingler After buying secure messaging app Wickr in June, AWS's most recent acquisition was in February, when it bought DataRow, a company that specialized in improving the experience of using Amazon Redshift, its data warehouse and database migration product. Leong cited it as an example of the type of migration tooling that AWS is particularly interested in. In 2019, AWS purchased TSO Logic, a startup that helps improve the efficiency of cloud resources. Before being acquired, it was one of many startups that utilized data to optimize workloads in the cloud. Nag said other cloud giants have done the same — Microsoft bought a similar company called Cloudyn in 2017, and VMware purchased CloudHealth in 2018.Also in 2019, AWS bought CloudEndure, an Israel-based startup that specialized in disaster recovery for cloud. Prior to the acquisition, CloudEndure worked with AWS, Azure, and Google Cloud. AWS now describes CloudEndure as enabling the recovery of services for physical, virtual, and cloud servers like AWS Cloud, AWS GovCloud, and AWS Outposts. Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Features Cloud Computing AWS Amazon Web Services Microsoft Azure Google Cloud edge computing Security Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. 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Skype Spent $343.8 Million To Acquire Its P2P Software From Founders http://www.businessinsider.com/skype-spent-3438-million-to-acquire-its-p2p-software-from-founders-2010-8/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Fri, 06 May 2016 17:30:22 -0400 Dan Frommer http://www.businessinsider.com/c/4c7e727b7f8b9a35215f0200 DR.K Wed, 01 Sep 2010 11:34:18 -0400 http://www.businessinsider.com/c/4c7e727b7f8b9a35215f0200 <a href="http://www.prlog.org/10876623">Pentax K-x White Price</a> <a href="http://www.prlog.org/10876636">Fujifilm Finepix S1800 Best Price</a> <a href="http://www.prlog.org/10876663">Canon 500D Price</a> <a href="http://www.prlog.org/10877796">Gas Grills On Sale</a> <a href="http://www.prlog.org/10878853">Fujifilm Finepix Z37 Price</a> <a href="http://www.prlog.org/10878478">Nikon L100 Price</a> <a href="http://www.prlog.org/10880638">Fujifilm Finepix Z30 Price</a> <a href="http://www.prlog.org/10880967">Best Price Sony Dvp-fx730 7-inch Portable Dvd Player Review</a> <a href="http://www.prlog.org/10881022">Best Buy Cheap Panasonic Lumix Dmc-fz35 12.1mp Digital Camera Price</a> <a href="http://www.prlog.org/10886339">CHEAP Sisal Rugs with Borders BEST PRICE</a> <a href="http://www.prlog.org/10886711">Discount Beach Towels For Sale</a> <a href="http://www.prlog.org/10886813">Cheap Acer Aspire 1410 Best Price</a> <a href="http://www.prlog.org/10886937"> Cheap Lg Led 55lh90 Tv Best Price</a> $343.8 Million <a href="http://www.prlog.org/10894441">DISCOUNT Bolle Sunglasses Polarized FOR SALE</a> <a href="http://www.prlog.org/10896993">Cheap Alesis M1 Active Best Price </a> <a href="http://www.prlog.org/10897262">Cheap Roland Td-9sx Best Price</a> <a href="http://www.prlog.org/10899119-1-buy-cheap-pentax-camera-kx-dslr-best-price-discount-pentax-camera-kx-dslr-for-sale.html">Discount Pentax Camera K-x Dslr For Sale</a> <a href="http://www.prlog.org/10899177-1-buy-cheap-alesis-multimix-8usb-best-price-discount-alesis-multimix-8usb-for-sale.html">Cheap Alesis Multimix 8usb Best Price</a> <a href="http://www.prlog.org/10901253-1-buy-cheap-toro-recycler-20332-best-price-discount-toro-recycler-20332-for-sale-free-shipping.html">Cheap Toro Recycler 20332 Best Price</a> <a href="http://www.prlog.org/10901392-1-buy-cheap-miller-spectrum-375-best-price-discount-miller-spectrum-375-for-sale.html">Cheap Miller Spectrum 375 Best Price</a> <a href="http://www.prlog.org/10901673">Cheap Toshiba Mini Nb205 Netbook Best Price</a> http://www.businessinsider.com/c/4c613ee27f8b9a9e12f40100 Fandroid Tue, 10 Aug 2010 07:58:25 -0400 http://www.businessinsider.com/c/4c613ee27f8b9a9e12f40100 Sensational piece of business by Zennstrom and Friis! http://www.businessinsider.com/c/4c6067ac7f8b9a5f76080000 Monica Mon, 09 Aug 2010 16:40:11 -0400 http://www.businessinsider.com/c/4c6067ac7f8b9a5f76080000 $343.8 Million - A lot of money there. But I think it's worth.

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Apple Acquires Social Media Analytics Company Topsy - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Apple Acquires A Social Media Analytics Company For ~$200 Million Jay Yarow Dec. 2, 2013, 4:52 PM 9,294 4 facebook linkedin twitter email print Getty Images/Kevork DjansezianApple CEO Tim Cook with Apple's Internet VP Eddy CueApple has acquired Topsy, a social media analytics company for ~$200 million, Daisuke Wakabayashi and Douglas MacMillian at the WSJ report.  This is a strange acquisition for Apple. It tends to focus more on hardware, software, and applications.  Topsy is one of the companies paying for access to Twitter's firehose of data. It analyzes tweets looking for trends.  The Journal doesn't seem to know what Apple is planning for Topsy, but it suggests Apple will use Topsy for improving advertising in iTunes Radio, Apple's streaming radio service. We're stumped too, we have no idea what Apple is going to do with this one. Matthew Panzarino at TechCrunch speculates Apple could use it to improve App Store recommendations/rankings.  Apple for its part isn't saying. A spokesperson just says, "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans." More: Apple facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading Apple Acquires A Social Media Analytics Company For ~$200 Million Apple Acquires A Social Media Analytics Company For ~$200 Million Apple has acquired Topsy, a social media... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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DIGITAL MEDIA Insider: Silicon Valley and Hollywood – Ooyala Acquires Videoplaza – Tumblr Turns to TV for Help Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Insider Intelligence DIGITAL MEDIA INSIDER: Silicon Valley And Hollywood – Ooyala Acquires Videoplaza – Tumblr Turns To TV For Help Hope King 2014-10-21T11:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Good morning! Digital Media Insider is delivered first thing every morning exclusively to BI Intelligence members. Send your anonymous tips to hking@businessinsider.com.'SILICON VALLEY IS GOING TO BUY HOLLYWOOD': That's how Hollywood screenwriter Allan Loeb, other Hollywood producers and venture capitalists in attendance at last week's Vanity Fair New Establishment Summit feel. The conference was aimed at bringing emerging tech names and traditional media elites together to discuss future collaboration. "Silicon Valley knows it needs content, and Hollywood knows it needs money," Loeb told The New York Times. "But, because Silicon Valley is so much richer than Hollywood, what I believe is about to occur is that Silicon Valley is going to buy Hollywood." What that could mean is mergers and content deals. For one-fifth of the $22 billion that Facebook paid for WhatsApp, Facebook could buy a Lions Gate or AMC Networks and make content from those studios exclusive to Facebook, The Times suggests. In return, the studios would get access to Facebook or some other large platform's huge audience. Here's a look at how adults in the US have purchased digital content, according to a Harris Interactive survey.DIGITAL VIDEO PLATFORM OOYALA ACQUIRES VIDEO AD STARTUP: Ooyala is an online video hosting and management platform. By buying Videoplaza, a LiveRail-like startup that enables advertisers to stream ads into video, Ooyala now has the ability to build an all-in-one video content and advertising platform. Although terms of the deal were not disclosed, Videoplaza has raised about $17 million in funding, according to VentureBeat. Videoplaza is Ooyala's first acquisition, and Ooyala was bought by Telstra earlier this year, as we've reported. We expect this consolidation trend within the ad tech industry to continue over the next year.TUMBLR LOOKS TO TV FOR SURVIVAL STRATEGY: Yahoo-owned Tumblr hired its first director of media, Sima Sistani, at the beginning of this year. Part of Sistani's job is to strike deals with TV networks to distribute exclusive content through Tumblr blogs and use Tumblr content on the air. The platform is positioning itself as a way for channels to sustain relationships with fans after a show airs: Tumblr has found that its content accounts for 70% of social mentions for shows like "Sherlock" five or more days after they air. So far, Tumblr has made agreements with AMC, Fox and NBC, The New York Times reports. STAT OF THE DAY: Mobile made up 23% of all digital advertising revenue for the first half of this year, according to IAB and PwC's Internet Ad Revenue report (see chart, below). Search is still the dominant driver of mobile ad revenue, making up 51% of total mobile ad revenue for the first half of this year. If these trends continue, overall digital advertising revenue is on pace to meet our forecast of $49.7 billion by the end of this year.  BI Intelligence/IAB BRANDS TEST NEW FACEBOOK CELEB CHAT TOOL: VH1, the Discovery Channel and Sony are in the midst testing a new question and answer chat tool on Facebook to promote their stars. The advantage of hosting chats on Facebook is that the platform can reach a larger audience, but Twitter chats are easier for fans to follow because tweets are displayed chronologically. On Facebook, only the most popular comments float to the top. This means brands still need to use both channels for celebrity chat campaigns, a Forrester Research analyst told Ad Week.  SPOTIFY OFFERS HALF-PRICE MONTHLY MEMBERSHIP FOR ADDITIONAL FAMILY ACCOUNTS: By creating a family group on Spotify, the primary account holder pays the normal monthly cost of $10 per month, and up to four additional accounts can be added for $5 a month. With this new discount promotion, Spotify is hoping to boost its number of paid subscribers. Apple has also been negotiating with record labels for less expensive licensing fees so that it can offer its Beats streaming music service for $5 per month. In other streaming music news, Pandora just launched a new ad product. "Sponsored Listening" lets users listen to one hour of ad-free music in exchange for clicking on a banner ad, Ad Week reports. Spotify released a similar ads-for-content program earlier this year, as we've reported. Pandora currently charges $4.99 per month for its premium, ad-free streaming radio service.Special note: Omnicom Group and Yahoo will report third-quarter earnings later today. Yahoo CEO Marissa Mayer is expected to unveil a "refreshed" plan for the company. We will have coverage and analysis from both reports and calls in tomorrow's Digital Media Insider. Here's what else BI Intelligence subscribers are reading...A Greater Percentage Of Gen Xers Have Purchased Digital Content Compared To MillennialsFORECAST: Mobile, Social, And Video Will Drive U.S. Advertising RevenueTHE ANDROID REPORT: User Trends, Commercial Growth, And Exploding The Fragmentation MythCHARTS: Apple Earnings — Device Shipments And Growth, Revenue By Segment, And Regional PerformanceGoogle's Ad Revenue Is Still Growing, Cost-Per-Click Continues to Improve Sign up for notifications from Insider! Stay up to date with what you want to know. 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Facebook acquisitions and shares S-1 - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Now We Know How Many Millions Of Dollars These Startups Made Selling To Facebook Alyson Shontell Feb. 2, 2012, 4:54 PM 66,372 3 facebook linkedin twitter email print Joi via FlickrOver the past four years, Facebook has acquired about 20 companies. Most of the acquisition amounts were never disclosed. Facebook's S-1 reveals how many shares of Class A and Class B stock it issued for each acquisition. It also says it spent $68 million to acquire startups in 2011. The S-1 doesn't say which companies were given which shares, but Inside Facebook took a good stab at matching the startups up with the issued stock dates. We also looked at Facebook's acquisition timeline and made some guesses of our own. According to the filing, Drop.io may have received close to $40 million in stock, not the $10 million that was initially reported.  FriendFeed was given ~ $330 million in Facebook stock. Please keep in mind that the following matches are educated guesses. They also do not include any cash Facebook may have paid the startups. If you know for a fact which company belongs to which statement, please email ashontell@businessinsider.com. Here's how much Gowalla, Drop.io, FriendFeed and others really made selling to Facebook >> *Note: Pursuit and RecRec weren't actual business acquistions, so they were not included in this list, even though most of their teams were bought/hired by Facebook. Also, the following numbers do not include cash-based compensation or other bonuses.  Class B shares and Class A shares are issued to acquired companies, and they were valued at $29.73 per share in late December.  Inside Facebook notes that one Class B share is equal to a Class A share, but Class A shares have one-tenth the voting power. View As: One Page Slides » More: Features facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 3 Apply To Be An "Insider" » Loading Now We Know How Many Millions Of Dollars These Startups Made Selling To Facebook Now We Know How Many Millions Of Dollars These Startups Made Selling To Facebook It looks like FriendFeed walked away with ~ $330 million in Facebook stock. Not too shabby. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Microsoft Is Supposedly in Talks to Acquire Music Startup Rdio. Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Microsoft is supposedly in talks to acquire music startup Rdio. Kevin Smith 2012-10-03T21:34:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Microsoft is supposedly in talks to acquire music startup Rdio. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Microsoft Rdio Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Outbrain Acquires Revee in Order to Tell Publishers How Much Revenue Each Individual Article Is Pulling in Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising Outbrain acquires Revee in order to tell publishers how much revenue each individual article is pulling in Lara O'Reilly 2016-03-03T12:11:39Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Outbrain CEO Yaron Galai. Outbrain Outbrain, the Israel-based content recommendation platform that powers the "Recommended by" articles seen on sites such as CNN and ESPN, has acquired Los Angeles-based software firm Revee and it is now launching a product that it claims will let publishers know exactly how much individual articles are generating in revenue, in real-time. The Outbrain Automatic Yield product integrates Revee's technology, which hooks up with publishers' ad servers to provide a dashboard view of which articles are earning the most money.Speaking to Business Insider, Outbrain's vice president of product marketing Matt Crenshaw said the new product is compatible with all the major ad servers publishers use, which includes Google's DoubleClick for Publishers.Crenshaw explained digital publishers are struggling to bring audiences to their sites. Traffic from Facebook was down 32% from January to February last year and Google search is getting more competitive, he said. Outbrain is hoping publishers will see this product as a way to bring in audiences — through placing ads for their highest-performing content on other sites — in a more predictable and scaleable way. The revenue value of individual articles can fluctate as much as 262% in a single dayOutbrain says the value of individual articles or videos can fluctuate wildly — as much as 262% in a single day — which can make it difficult for publishers to determine which content to promote in order to bring in the most traffic. Most publishers know which articles are the best-performing in terms of page views, but it's less clear which are bringing in the most ad revenue — advertisers are prepared to pay more to target their ads to higher-value users (such as those that might be in the market to buy their products, or people with high incomes.) Often the article with the most page views isn't actually the article driving the most revenue, as this screenshot from the dashboard shows. The articles and videos with the most page views don't necessarily generate the most revenue. Outbrain Yaron Galai, Outbrain CEO, told Business Insider the problem is analogous to an event booker trying to get a great music act to appear at their party. The analytics show that, on average, both Beyoncé and Galai have sold more than 100 million records — but in reality, there's only one musician you really want to be booking for your event. Outbrain is adding Automatic Yield at no additional cost to customers. Galai compares it to the Google Analytics model: The more Outbrain can prove to customers that its products work, the more customers are likely to spend with Outbrain.Time Inc. is the first customer to implement the Outbrain Automatic Yield platform, across Fortune and Entertainment Weekly in the US. Outbrain says the product will roll out widely in the US and in the UK, France, Israel, and other major territories in the coming weeks. Revee was co-founded in 2013 by former Penske Media execs Nic Paul and Cham Kim. The company has around 10 employees and has raised $1 million in seed funding. Financial terms of the acquisition were not disclosed. Earlier this week, Outbrain rival Taboola launched a similar product called Taboola Backstage, although this dashboard does not yet have ad server integration. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Listen to The Refresh, Insider's real-time news show Newsletter Sign up for our newsletter to get the news, trends and strategies that advertising and media pros want to know — delivered weekly to your inbox. Loading Something is loading. Thanks for signing up! 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Grading Google's Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Grading Google's Acquisitions Jay Yarow Oct. 23, 2009, 7:55 AM 169,081 19 facebook linkedin twitter email print Eric Schmidt keeps saying it: Google is back in buying mode. The company will be doing "one-a-month acquisitions largely in lieu of hiring." But before Google (GOOG) spends some of its massive pile of cash, maybe it's time for a history lesson. Google's grades and marks → To date, Google's made around 50 purchases. We've graded 13 of them here. Some have been pretty smart -- for examples, look at DoubleClick or Applied Semantics. Others have been silly like Adscape or Jaiku. Looking through the list, it's easy to figure out what Google needs to avoid when it makes decisions about acquisitions: side projects that aren't relevant to its business. If Google can't resist buying one of those companies -- and with Google, it feels inevitable that it can't -- then it needs to figure out how to let the founders build their company within Google. In two instances--Dodgeball and Jaiku--Google bought companies that could have become Twitter. Neither one is still alive. Schmidt says most of Google's coming acquisitions will be small companies. That's good. Our review shows Google is good at is acqui-hiring smart people and plugging them into one of Google's growing products like video, or mobile. Here's Google's grades and marks → image: Flickr/Joi View As: One Page Slides More: Online Features Google Big Tech Mergers And Acquisitions YouTube facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 19 Apply To Be An "Insider" » Loading Grading Google's Acquisitions Grading Google's Acquisitions Google is back in buying mode. Here's a report card on its acquisitions to date. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech REPORT: Apple Acquires App Search Engine Chomp Boonsri Dickinson 2012-02-24T00:31:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Photo by Kevork Djansezian/Getty Images Apple has acquired app search engine Chomp, a sign that it also wants to help you discover apps, according to MG Siegler at TechCrunch.Apple will use Chomp to totally revamp the App Store, according to the report. Chomp refused to comment on the report.Chomp allows users to see which apps are on sale, what the top 100 apps are, and what's trending. The search engine can find relevant results beyond what the name of the app is. Chomp was founded by Ben Keighran and Cathy Edwards. Ron Conway, BlueRun Ventures, and ex-Google angel investors backed the company. Kevin Rose and Ashton Kutcher were advisors.Here's a screenshot of the app: Chomp Sign up for notifications from Insider! Stay up to date with what you want to know. 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Facebook Finally Acquired Microsoft Atlas To Take On Google - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. Facebook Finally Acquired Microsoft Atlas To Take On Google Laura Stampler | Feb. 28, 2013, 4:50 PM | 3,940 | 5 Email More Share on Tumblr Tweet Email Share on Tumblr See Also Microsoft's Internal Attack Video Against Google Chrome Is 'Leaked' AD OF THE DAY: The Most Beautiful Love Story We've Ever Seen In 85 Seconds Up To 10% Of BBDO's American Staff Is Being Laid Off [THE BRIEF] After a period of speculation, Facebook finally proved that the rumors were true and announced its acquisition of Microsoft's Atlas ad server on its blog today. While we don't know the exact price point, Ad Age speculated that it would cost between $30 and $50 million. Note that Microsoft got the ad suite as a part of a $6 billion deal when buying aQuantive — a deal that the Seattle-based tech giant chalked up as wasted money this summer. This buy is important for Facebook because it makes the social network more of a contender in the ad space and takes on Google at its most profitable business. "Our belief is that measuring various touch points in the marketing funnel will help advertisers to see a more complete view of the effectiveness of their campaigns," said Brian Boland, Facebook's Director of Product Marketing, in a blog post. Although Peter Kafka at All Things D noted that "Integrating and overhauling Atlas, which has essentially been abandoned by Microsoft for years, will take many months, and the whole thing may not be done for another year." Boland acknowledges that the integration will be a process. He wrote, "We plan to improve Atlas' capabilities by investing in scaling its back-end measurement systems and enhancing its current suite of advertiser tools on desktop and mobile. We will also work to improve the user interface and functionality with the goal of making Atlas the most effective, intuitive, and powerful ad serving, management and measurement platform in the industry. Ultimately, Atlas’s powerful platform, combined with Nielsen and Datalogix, will help advertisers close the loop and compare their Facebook campaigns to the rest of their ad spend across the web on desktop and mobile" Atlas is based in Seattle and the team will continue to work there. SEE ALSO:  The Haunting Face Of The Anti-Smoking Movement Has Died Recommended For You Please follow Advertising on Twitter and Facebook. Follow Laura Stampler on Twitter. 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DEAL OF THE DAY: Buy Groupon at $1 Billion Off. Funny Site Playing Off All the Groupon Acquisition Talks. Via Sachin... Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech DEAL OF THE DAY: Buy Groupon At $1 Billion Off. Funny site playing off all the Groupon acquisition talks. Via Sachin... Updated 2010-11-30T08:49:03Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now DEAL OF THE DAY: Buy Groupon At $1 Billion Off. Funny site playing off all the Groupon acquisition talks. Via Sachin Agarwal and Laurent Kretz on Twitter. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

M&A

Startups Need Mergers And Acquisitions For Growth - Business Insider Strategy BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Startups Need Mergers And Acquisitions For Growth Martin Zwilling, Startup Professionals Musings Oct. 8, 2013, 9:30 AM 69 facebook linkedin twitter email print Martin Zwilling Martin Zwilling is a veteran startup mentor, executive, blogger, author, tech professional, and angel investor Recent Posts The 8 types of intelligence that influence how successful you are 7 steps to mastering the art of persuasion The 8 types of intelligence that influence how successful you are Every entrepreneur tries to maximize his startup growth by building and selling more product and services for the widest geographic area that he can support. This strategy is called “organic growth,” yet it alone may yield only a fraction of the potential you could achieve, unless you add the additional strategies of partnerships and M&A (mergers and acquisitions). Many entrepreneurs are paranoid about the partnership approach, and think that M&A is only an alternative for large companies who are flush with cash. Both of these qualms are wrong and shortsighted. Laurence Capron and Will Mitchell explain why in their book, “Build, Borrow, or Buy: Solving the Growth Dilemma.” I like their recommended framework for emerging firms, as well as large multinationals, to help build an optimal growth strategy for your company: Evaluate internal development versus external sourcing. Building through internal development, or organic growth, makes the most sense when you have a core set of skilled internal resources. Use external sourcing to fill in the non-critical gaps. Add basic partner contracts or alliances. Using contracts with partners for growth resources (“borrowing”) is best when you can both define the resources clearly and protect them with effective contractual terms. Don’t use alliances for core competencies. Invest in selective strategic alliances. Borrowing by way of a more engaged alliance helps you obtain targeted resources when you and a partner collaborate through limited points of contact and have complementary goals for your joint activities. Actively pursue mergers and acquisitions. M&A is “buying” resources for growth. This makes sense when you anticipate needing the freedom and control to make major changes to enhance growth, with a credible integration path while retaining key people. The real challenge here is balance. Too much emphasis on organic growth can become a straightjacket that leads only to incremental innovation and limited horizons. Too much reliance on growth via contracts and alliances makes you vulnerable to partners’ actions and conflicts of interest. Overreliance on acquisitions drains resources and de-motivates internal teams. In every startup, as well as in mature companies, there is no substitute for constantly maintaining a pipeline of alternatives. This requires constant focus, as well as maintaining the skill set to do things like the following: Locating and not losing knowledge from within. Startups often find it difficult to retain key personnel and to control proprietary ideas. Rather than push non-compete agreements on your superstars, it’s more productive to create incentive systems and creative ways for them to work more independently, just for you. External scanning for resources. Startups can’t usually afford a business development team, so that effort is just one of the measurements that should fall on every CTO and CEO. Here is also an ideal opportunity to use your external advisors and Board to help identify external resources, potential partnerships, and acquisition opportunities. Partial acquisition. Budget relatively small “educational investments” at early stages, to learn from a target firm without a full commitment, or without leading either partner astray. These can reinforce the operational and financial linkages through licensing or alliance agreements, and allow the relationship to develop prior to an acquisition commitment. Spin-ins. This is a transaction whereby two firms agree on a set of milestones that would trigger a partnership or acquisition, if the innovator achieves the specified goals. The initiator funds the innovators’ development activities and gives them the flexibility to work independently. There is no question that startups which manage the broadest alternatives for growth will gain competitive advantages. This selection capability is a skill and a discipline that every entrepreneur needs to nurture and develop over time. The world and current economic environments have changed. The past can be a deadly rear-view mirror. Look for new horizons. Marty Zwilling Read more posts on Startup Professionals Musings » Read the original article on Startup Professionals Musings. Copyright 2013. More from Startup Professionals Musings: 8 Secrets To Pushing Your Startup Ahead Of The Crowd 7 Shortcuts That Can Kill A Startup Business How Entrepreneurs Can Capitalize On Their Alma Mater facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Startups Need Mergers And Acquisitions For Growth Startups Need Mergers And Acquisitions For Growth Every entrepreneur tries to maximize his startup growth by building and selling more product and ... 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M&A

Marissa Mayer's M&A Strategy, And The Two Companies She Is Closest To Acquiring - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Marissa Mayer's M&A Strategy, And The Two Companies She Is Closest To Acquiring Nicholas Carlson Nov. 21, 2012, 12:51 PM 19,370 23 facebook linkedin twitter email print novecentinoYahoo is deep in the process of looking at ad tech companies to acquire.  We spoke with two sources familiar with the situation, and they explained to us what's going on. Here's what we learned. Yahoo's business is pretty simple.  It makes money by selling ads on Web pages. This is the formula: Number Of Visits To Web Pages X Rate Yahoo Can Charge For Ads On Those Pages = Revenues That formula means there are only two ways for CEO Marissa Mayer to grow the business.  Method One: She can increase the number of visits to Yahoo Web pages. The way Yahoo does that is by creating new popular products and media. Method Two: She can increase the rate Yahoo charges to put ads on Web pages. The way Yahoo does that is by using ad tech to find out as much as it can about the people looking at its Web pages, and, in "real-time" sell that inventory to buyers willing to pay more to reach certain demographics. Mayer is going to embrace both methods. Mayer's favorite thing to work on is consumer-facing products. So she's going to personally invest lots of time in "method one." As for "method two," Mayer would like to delegate. The problem is that Yahoo does not currently have a team running ad tech that Mayer trusts. There is a reason for this.  Back in 2007, Yahoo acquired a hot ad tech company called Right Media for $680 million. This deal brought a huge amount of ad tech leadership into Yahoo. But since then, Right Media leaders Michael Walrath, Bill Wise, Wendi Sturgis, and Ramsey McGrory all quit to take senior roles at other companies (or, in the case of Walrath, start investing in companies). In short, Yahoo botched the integration of its huge acquisition. This happened for the same reasons that Yahoo as a whole has suffered over the past five years. It had a horrible board that hired under-performing CEOs. All that said, our sources say that Yahoo believes it still owns a solid brand in the name "Right Media" or "RMX" – even if Right Media's leadership is gone and its technology has rotted. So Mayer's plan, according to our sources, is to buy an ad tech company with a strong executive bench, and install it as the new leadership of Yahoo RMX. There are lots of candidates Yahoo is considering, but our sources say there are two current favorites. The one Yahoo likes best, according to a Yahoo source, is called Rubicon. Founded in 2007, Rubicon's clients are publishers. Rubicon helps them categorize their ad inventory and sell it to the highest-bidding marketers. Yahoo would acquire it, and essentially become its sole client. Yahoo especially likes the depth of Rubicon's executive bench.  The problem with Rubicon is that it has raised more than $50 million from startup investors. Startup investors expect a 5x to 10x return on their money. So Rubicon is not cheap. It'd cost Yahoo several hundred million dollars to buy.  During Yahoo's last earnings call, Mayer said that Yahoo will be acquiring companies, but only in the tens and low hundreds of millions of dollars range. A second Yahoo source cautions us, however, that Yahoo could buy Rubicon if it wanted to. It's true; industry M&A bankers say that between Yahoo's cash and its reasonably liquid assets, like a stake in Yahoo Japan, Yahoo has about $10 billion it could spend. Our Yahoo source says just don't expect Mayer to run out and spend a billion dollars on something like Pinterest. So perhaps Rubicon's price is not too rich for Yahoo. If it is, however, the first Yahoo source tells us the next company on its list is one called PubMatic. Like Rubicon, Pubmatic's clients are publishers. It helps them optimize their inventory. Over the summer, Evercore put out a note that said acquiring a couple of companies, including PubMatic, could increase Yahoo EBITDA by $400 million. Mayer didn't miss that detail. The problem with PubMatic, from Yahoo's perspective, is that it does not have a deep bench of executives or technical people. A source close to Pubmatic tells us the reason its executives may not seem as strong as Rubicon's is that PubMatic is not going through a fundraising process, and executives have not spent a lot of time prepping for meetings with investors. This source says PubMatic CEO Rajeev Goel does not want to distract his team. This source says that Rubicon, meanwhile, has hired Merrill Lynch/Bank Of America and is in the middle of a fundraising process. To be clear, it is not certain that Yahoo will buy Rubicon, PubMatic, or even any ad tech firm. What can report, for sure, is that two Yahoo sources tell us that Yahoo wants to buy an ad tech company in order to install a new team to run RMX. One of these Yahoo sources says that the current favorites are Rubicon and Pubmatic.   More: Yahoo Marissa Mayer facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. 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The economic logic behind tech and talent acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. The economic logic behind tech and talent acquisitions Chris Dixon, CDixon.org Oct. 18, 2012, 8:12 PM 36 facebook linkedin twitter email print Chris Dixon Chris Dixon is the co-founder of Hunch Recent Posts The best startup investors think like Babe Ruth — they strike out... Steve Jobs on problem solving “Natural languages are adequate, but not optimal” There’s been a lot of speculation lately about why big companies spend millions of dollars acquiring startups for their technology or talent. The answer lies in the economic logic that big companies use to make major project decisions. Here is a really simplified example. Suppose you are a large company generating $1B in revenue, and you have a market cap of $5B. You want to build an important new product that your CTO estimates will increase your revenue 10%. At a 5-1 price-to-revenue ratio, a 10% boost in revenue means a $500M boost in market cap. So you are willing to spend something less than $500M to own that product. You have two options: build or buy. Build means 1) recruiting a team and 2) building the product. There a risk you’ll have significant delays or outright failure at either stage. You therefore need to estimate the cost of delays (delaying the 10% increase in revenue) and failure. Acquiring a relevant team takes away the recruiting risk. Acquiring a startup with the tech takes away both stages of risk. Generally, if you assume 0% chance of failure or delay, building internally will be cheaper. But in real life the likelihood of delay or failure is much higher. Suppose you could build the tech for $50M with a 50% chance of significant delays or failure. Then the upper bound of what you’d rationally pay to acquire would be $100M.  That doesn’t mean you have to pay $100M. If there are multiple startups with equal tech/talent you might be able to get a bargain. It all comes down to supply (number of relevant startups) and demand (number of interested acquirers). Every big company does calculations like these (albeit much more sophisticated ones). This is a part of what M&A/Corp Dev groups do. If you want to sell your company – or simply understand acquisitions you read about in the press – it is important to understand how they think about these calculations. Read more posts on cdixon.org » Read the original article on CDixon.org. Copyright 2012. More from CDixon.org: Blogging update The Babe Ruth Effect in Venture Capital Exponential curves feel gradual and then sudden facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading The economic logic behind tech and talent acquisitions The economic logic behind tech and talent acquisitions There’s been a lot of speculation lately about why big companies spend millions of dollars ... Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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It's About to Be a Tech Buyout Bonanza Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech These are the 37 tech companies most likely to be acquired by private equity firms Jordan Parker Erb 2022-07-25T10:10:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Welcome back, readers. Jordan Parker Erb here, ready to fill you in on the biggest tech news. Today, I'm sharing the 37 tech companies that are most likely to be acquired by private-equity firms.  No time to waste — let's get started.If this was forwarded to you, sign up here. Download Insider's app here. Wix; Zuora; EverCommerce; LiveRamp; Insider 1. We ranked the tech companies most likely to be acquired by private-equity firms. It's been a bruising year for tech companies, but the downturn isn't bad news for everyone — PE firms have a chance to snag profitable, fast-growing companies at bargain-basement prices.Cyndx, a market-research firm, provided Insider with data on the tech companies that are most likely to become targets for acquisitions, based on factors like revenue, stock price, and earnings expected for next year.According to the data provided, the tech companies that private-equity firms could acquire range from Chegg to Expensify.Valuations have fallen so much that "private-equity firms are licking their chops," one venture investor told Insider. Here are the 37 firms most likely to be acquired.In other news:  Win McNamee/Getty Images, Chris Hondros/Getty Images 2. Elon Musk reportedly had an affair with the wife of Google co-founder Sergey Brin. The alleged affair, first reported by the Wall Street Journal, occurred last fall. Brin, Elon Musk's longtime friend, reportedly filed for divorce following the affair. Here's what we know so far  — and check out everything we know about Nicole Shanahan, who had the alleged affair with Musk. 3. Andreessen Horowitz is going virtual. The venture capital firm has announced a shift to "the cloud," wherein they'll be primarily virtual, but will maintain physical locations in tech hubs nationwide. A look at what A16z's move beyond Silicon Valley means. 4. Now might be the best time yet to buy a used Peloton bike. Some pandemic-era Peloton fans are moving on from their bikes, turning to Craigslist and Facebook Marketplace to resell the equipment at heavily discounted prices. Why users are parting ways with their Pelotons.5. These are the most important VCs in New York. Based on recommendations and investment data, Insider compiled a list of the city's top VCs, from firms like Stellation Capital and Female Founders Fund. Meet the 59 most important investors in the Big Apple.6. Companies including Amazon and Apple have the biggest pay gap between CEOs and workers. According to a new report, the pay disparity between S&P 500 CEOs and their workers grew even larger in 2021, with Amazon holding the biggest pay ratio by far. See the full list of companies with the biggest pay gaps.7. This was supposed to be the year of social shopping. It hasn't been. Industry insiders predicted 2022 would be the year of social shopping, with social media platforms launching new shopping features — but they've had mixed results. Here's what platforms have done to woo influencers and brands. 8. Bill Gates gave away shares worth $6 billion this week — but is still the world's fifth-richest person. The donation to the Bill & Melinda Gates Foundation comes a week after Gates promised to give $20 billion to the foundation this month. Here's the latest.Odds and ends: David Paul Morris / Stringer 9. Steve Jobs' prototype for the original Apple computer is up for auction. The prototype for the original Apple-1 computer was used to secure Apple's first major order — and bidding has already hit nearly $230,000. Check it out here.10. We got an early glimpse of the electric Cadillac Celestiq. The Celestiq, an ultra-luxurious electric car, is rumored to cost $300,000 and up once it goes on sale. Get an inside look at the high-tech EV.What we're watching today: Code on the Beach is happening through July 27 in Atlantic Beach, Florida.Brookings Institution is hosting a discussion on the future of crypto regulation at 2 p.m. ET.Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb.) Edited by Hallam Bullock (tweet @hallam_bullock) in London. 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Imgur and Yahoo Acquisition Talks Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Marissa Mayer's Next Big Acquisition Could Be Imgur, The Photo-Sharing Site Reddit Loves Nicholas Carlson 2013-12-09T16:36:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Yahoo video Redeem now This fall, Yahoo began serious talks to buy photo-sharing site Imgur, a source with first-hand knowledge of those discussions tells us.  Since she joined Yahoo in July 2012, CEO Marissa Mayer has acquired dozens of startups. Most of these acquisitions have been acqui-hires.The buy that cost Yahoo the most was its $1.1 billion purchase of Tumblr. Yahoo bought Tumblr because it has a deeply engaged, youthful audience, that uses the product on mobile. It would buy Imgur for all the same reasons.Imgur (pronounced "Image-er") was created in 2009 by Alan Schaaf, a student at Ohio University in Athens. He made the site "as a gift to Reddit," because he was annoyed at how hard-to-use so many of the Web's photo-sharing sites were.In a message to the Reddit community, he wrote: "I got fed up with all the other image hosts out there so I made my own. It doesn't force you to compress your images, and it has neat things like crop, resize, rotate, and compression from 10-100. It's my gift to you. Let's not see anymore imageshack/photobucket around here ;)"In the years since, Imgur has actually grown larger than Reddit. The site crossed the 100 million user mark in September. That's bigger than Reddit's audience of 85 million, and up from 30 million at the beginning of 2012.Those stats are according to The Atlantic's Megan Garber, who just wrote an excellent 3,000-word story about Imgur (the kind of positive, access-given story that comes out about a startup when it is fundraising or on the block).Imgur is now based in San Francisco, where 10 people work for the company. It's not a huge business, but does generate some revenue through ads, memberships, and a new product its testing: sponsored images. Imgur also sells image-hosting capacity to other companies. One of its clients is Yahoo. We don't know how much Yahoo wants to pay for Imgur.Schaaf hasn't taken any venture capital, so he doesn't need to hold out for an Instagram-sized offer to make as much money as Instagram CEO Kevin Systrom  or Tumblr CEO David Karp made selling their venture-backed startups for ~$1 billion each. (Sometimes its better to sell a startup for $20 million than $200 million.)But it's unlikely Imgur can be had for cheap. Three reasons: Imgur would not be an aqui-hire for Yahoo. Acqui-hires are something failed startups do when they have cool technology but not very many users. Imgur has decent technology and design (it's very easy to use), but it's main asset is all those users.Imgur is "social." Barber's story on Imgur begins with an Atlantic story on Imgur begins with anecdote about how to users met and started dating through the site. Every image on Imgur accumulates "points" through votes up or down by its community of users. Schaaf told Barber, the average amount of "points" every image gets on the site is between 6,000 and 10,000.  Imgur isn't going to run out of money any time soon. All Things D's Liz Gannes reports VCs are "are literally—literally—sliding term sheets under their door.”Our guess is Yahoo would have to offer something between $100 million and $500 million. But who knows in a world where Snapchat supposedly turned down a $3 billion offer from Facebook.Acquisition talks fall apart all the time, and so could discussions between Imgur and Yahoo. It's unclear if Imgur wants to sell. Schaaf hasn't been looking for an exit. Before Yahoo came calling, Imgur hadn't even hired an investment bank.Yahoo declined to comment on this story.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Yahoo Marissa Mayer Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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EU Approves Google's Fitbit Acquisition After Regulatory Scrutiny Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Insider Intelligence EU gives the Google-Fitbit acquisition the go-ahead after a fraught year Zoë LaRock 2020-12-18T16:45:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link After months of regulatory scrutiny, the EU approved Google's $2.1 billion acquisition of Fitbit with a handful of conditions. Its approval is contingent upon Google's agreement to adhere to several rules over the next decade. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Connectivity & Tech industry with the Connectivity & Tech Briefing. You can learn more about subscribing here. Since announcing its plans in November 2019 to buy Fitbit for $2.1 billion, the deal has been placed under investigation by regulatory bodies worldwide—but the European Commission has given the acquisition a green light, after concluding its probe launched in August, according to CNBC.Its approval is contingent upon Google's agreement to adhere to several rules over the next decade: Google is prohibited from using Fitbit-generated health data to inform advertising for consumers in the European Economic Area (which includes residents of the EU as well as Iceland, Liechtenstein, and Norway), and Fitbit and Google data must stay separated. Insider Intelligence Once the deal is closed, Google will have successfully broken into the wearables hardware market—but its presence may imperil Fitbit's growing health-focused units.Google will be gaining control of Fitbit's significant wearables market share. Google doesn't boast its own line of proprietary smartwatches: Google's Wear OS, an operating system available to third-party smartwatch makers, was previously its only inroad into the smartwatch space. The Fitbit buy gives Google access to Fitbit's strong—albeit shrinking—brand presence and a portfolio of consumer hardware: Fitbit ranked 5th place for wearables developers' market share, claiming 5.9% of the global market in Q3 2020—down from its 7.9% share in Q3 2019, according to IDC's tracking.Fitbit's health ventures have been a bright spot, but Google's involvement could sound privacy alarms. Along with losing market share, Fitbit has been suffering from declining revenues in recent years; however, its dedicated health unit Fitbit Health Solutions—the health coaching service it also leverages in partnerships with employer health plans—has provided some financial padding: While Fitbit's revenues only grew 5% from Q3 2019 to Q3 2020, Fitbit Health Solutions saw 14% growth. Further, Fitbit devices and the valuable health metrics they amass are being leveraged in clinical research. But ties to Google—which has landed in hot water over how it handles patient data over the last couple of years—could raise privacy concerns among healthcare organizations, despite the prospect of keeping Fitbit and Google data separate. This could temper health firms' willingness to utilize Fitbit devices in their work with patients.Google is currently under US regulators' microscope—which could complicate the US' decision to clear the merger. While Google cleared the EU hurdle, its trajectory in the US still isn't clear, as the Department of Justice and Federal Trade Commission are still investigating the deal—the decisions from which weren't expected until after the EU made a call. And their decisions will be made amid a snowballing antitrust push against US tech giants: Google is facing amplified scrutiny from US regulators, which isn't likely to dissipate any time soon.Want to read more stories like this one? Here's how you can gain access:Join other Insider Intelligence clients who receive this Briefing, along with other Connectivity & Tech forecasts, briefings, charts, and research reports to their inboxes each day. >> Become a ClientExplore related topics more in depth. >> Browse Our CoverageCurrent subscribers can access the entire Insider Intelligence content archive here. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Newsletter Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. 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Email Zip From To Email Sent! You have successfully emailed the post. DRAFTFCB WON A FIDELITY DIRECT MARKETING ASSIGNMENT: Fidelity previously handled its DM needs internally, a source tells us. This task is acquisition-based direct marketing to personal investors. The decision came after a four-month review of competing agencies. The win is key to CEO Laurence Boschetto's plan to silence critics who point to major client losses such as Coors Light and S.C. Johnson. Recently, DraftFCB has picked up digital duties for Discover card, DR and digital marketing tasks from Cox Communications, and lead agency duties for SeaWorld. Sep. 24, 2012, 4:00 PM – JE | 124 | See Also: 15 Recent Ads That Glorify Sexual Violence Against Women Dominic Green | 39,693 | 3 Seriously? Read » Why Yahoo Might Pay $1.1 Billion For Tumblr Even Though It Only Has $13 Million In Revenue Jim Edwards 8,139 | 27 AD OF THE DAY: Rhett And Link Make The Strangest Chiropractor Commercial You'll Ever See Judith Grey 3,009 | 5 Recommended For You Please follow Advertising on Twitter and Facebook. Follow Jim Edwards on Twitter. 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CONFIRMED: Skype To Acquire Qik For $150 Million - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. CONFIRMED: Skype To Acquire Qik For $150 Million Nicholas Carlson and Jay Yarow Jan. 6, 2011, 1:51 PM 10,958 9 facebook linkedin twitter email print Marc Andreessen and Ben Horowitz are investors in both Skype and Qik.Update: A second source just confirmed the news, and told us that with an earnout, the price is $150 million. Earlier: Internet phone giant Skype has acquired Qik, the service that lets you stream video from your smartphone, for around $100 million, a source tells us. Skype will probably announce the news this week at the Consumer Electronics Show in Las Vegas, this source says. We've reached out to Qik and Skype for confirmation but have not heard back. This is a reliable source, however, who has been correct about big acquisitions in the past. Qik had a huge 2010. According to the company blog, it started the year with 600,000 users and ended with 5 million. The huge bump came in large part thanks to partners like Sprint, T-Mobile, Nokia, and Samsung. That makes the hero of today's deal a guy named Bob Rosin, the company's EVP of business and corporate development. He's the one who nailed down all those deals. Qik is also considered the best video streaming option for Google's mobile OS, Android, which exploded in popularity this year. With Skype, Qik shares influential startup investors Marc Andreessen and Ben Horowitz. We're just speculating, but we assume that helped get the deal done. Other Qik investor who made some money for their LPs today include Quest Venture Partners andCampVentures, which invested $5.5 million in 2009. Individual investors include Salesforce.com CEO Mark Benioff, George Garrick, and Arjun Gupta. More: Online Qik Skype Mergers And Acquisitions Andreessen Horowitz Marc Andreessen Silicon Valley Dealmakers Venture Capital Deals facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 9 Apply To Be An "Insider" » Loading CONFIRMED: Skype To Acquire Qik For $150 Million CONFIRMED: Skype To Acquire Qik For $150 Million Qik started the year with 600,000 users. It ended with 5 million. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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If Salesforce Acquires Slack, It Could Put Pressure on Google Cloud Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Salesforce's potential acquisition of Slack could pressure Google Cloud to make a big purchase of its own to keep up, an analyst says Rosalie Chan 2020-11-25T21:42:45Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Google Cloud CEO Thomas Kurian Insider Intelligence This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Salesforce has been in talks to acquire the office messaging app Slack, the Wall Street Journal reported Wednesday. While the purchase would help Salesforce compete with Microsoft, it also puts pressure on Google Cloud to do a collaborative cloud deal over the next three to six months, says managing director of Wedbush Securities, Daniel Ives.  Google Cloud will likely look at collaboration software startups, Ives says. Earlier this year, Google Cloud closed its $2.4 acquisition of the data analytics company Looker, which directly competes against Salesforce's Tableau. Visit Business Insider's homepage for more stories. If Salesforce buys the hot workplace messaging firm Slack — as it has been in talks to do, according to a Wall Street Journal report Wednesday — it would be a direct shot at Microsoft and the popularity of its chat app, Teams. But the move would also puts pressure on another, less obvious competitor: Google Cloud.By having Slack under its belt, along with data analytics company Tableau which it bought for $15.7 billion last year, Salesforce would be a newly powerful cloud platform rival, according to managing director of Wedbush Securities, Daniel Ives. "If Salesforce acquires Slack, this would make them a formidable cloud platform player, combined with the Tableau acquisition," Ives told Business Insider. While Google Cloud CEO Thomas Kurian has done a "commendable job" in the past year in growing the business, it is still "miles behind" Microsoft and AWS, Ives says. While an apples-to-apples comparison of the cloud businesses of Amazon, Microsoft, and Google is impossible because they each report about their cloud units in different ways, Google is widely seen as being in distant third. If Salesforce acquires Slack, it would essentially add another competitor more directly to the fray, Ives said. And its the third place player — Google — that would feel the effects most: "What it does is it directly puts pressure on Google and Google Cloud Platform to increase functionality and the product footprint to keep up with the likes of Salesforce and Microsoft," he said. While Google Cloud's Workspace product (formerly called G Suite) includes messaging features, Ives expects that Google would need to look for other avenues of growth and expects that it will look to acquire a collaboration software startup."This would also have a ripple impact for Google and its cloud endeavors and put more pressure on Kurian and GCP to do a collaborative cloud deal over the next 3 to 6 months to keep pace," Ives wrote in a note to client Wednesday. It may not necessarily be a messaging startup, he said, but Google Cloud will want to expand its software offerings to better position itself against Microsoft and Salesforce. Just last year, Google Cloud closed a $2.4 billion acquisition of the data analytics company Looker, which directly competes against Salesforce's Tableau. The time is "ripe" for major acquisitions, Ives says, and he expects more cloud software deals in 2021 generally. Do you work at Google Cloud? Got a tip? Contact this reporter via email at rmchan@businessinsider.com, Signal at 646.376.6106, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches by email only, please.) Other types of secure messaging available upon request.   Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: I quit texting for a week and it was harder than I expected Software As A Service Google Cloud More... Read next Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Square Acquires BookFresh - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Square Acquires Appointment Booking Startup BookFresh Karyne Levy Feb. 26, 2014, 12:30 PM 1,707 facebook linkedin twitter email print Instagram/rodrigoorizzi Square announced today that it has acquired scheduling software maker BookFresh. According to Square: BookFresh's software helps local sellers create a seamless, self-service appointment booking experience that connects them instantly with new and existing customers. Just like Square, BookFresh is designed to give time back to sellers so they can focus on their business. This follows news that Square is testing an app that allows you to order food in advance. It seems that Square wants to make scheduling appointments just as easy, but for now it doesn't quite know how to combine the two products, according to a Q&A on BookFresh's site. But the move suggests that Square wants to be more than just a purchasing tool, and wants to offer more for its customers who are trying to grow their businesses. This week, Fox Business reported that Kingdom Holding, the investment fund run by Saudi Arabia's Prince Alwaleed, wants to buy a $200 million stake in Square. This would bring the company's valuation to $5 billion. The company still hasn't announced an IPO, but rumors are flying that it could happen sometime this year. EXCLUSIVE FREE REPORT:5 Top Fintech Predictions by the BI Intelligence Research Team. Get the Report Now » SEE ALSO: Square tests new app for ordering food More: Square BookFresh facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Square Acquires Appointment Booking Startup BookFresh Square Acquires Appointment Booking Startup BookFresh For now, BookFresh and Square will operate separately. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Greycroft's Ian Sigalow Predicts More Acquisitions for Uber Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España France India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising Uber has reportedly offered to buy GrubHub. Greycroft cofounder Ian Sigalow recently laid out the case for the ride-hailing company to make another delivery acquisition. Tanya Dua 2020-05-12T16:46:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Greycroft's Ian Sigalow. Ian Sigalow This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Uber reportedly offered to buy delivery service Grub Hub. Greycroft cofounder and partner Ian Sigalow recently laid out the case for why the ride-hailing company could use the coronavirus as an opportunity to expand into grocery delivery.Sigalow said the company has been seeking to expand its business since going public last year.He also said Greycroft was still investing while other funds were pulling back but added that's hard to do with founders and startups it has not met in person.Click here for more BI Prime stories.Uber expanded beyond ride-hailing with the acquisition of the grocery-delivery startup Cornershop in October, and has reportedly made an offer recently to buy the delivery service Grub Hub.A week earlier, Greycroft cofounder and partner Ian Sigalow predicted that the coronavirus would present another opportunity for the company to move into delivery."Companies like Uber — that has this mysteriously high stock price considering how the company is performing — are likely to be very acquisitive because the market has given them stock to go buy companies," Sigalow said on May 5 during a virtual panel on the future of e-commerce by BVAccel. "I think they understand intuitively that if they don't buy, then their competitors will, and they'd be missing out on a potential once-in-a-lifetime opportunity."Sigalow helps manage a $1.5 billion portfolio at the New York firm and has led several investments in the grocery category, including the same-day-delivery service Shipt that Target bought for $550 million and the meal-kit brand Plated, which the grocery chain Albertsons purchased for an estimated $200 million. He also runs a $50 million joint venture fund between Greycroft and Albertsons on the future of food shopping.A grocery or pharmacy acquisition cannot be ruled out for Uber, as the company has been seeking to expand since going public last year, he said. It's also in talks to invest $170 million in the electric-scooter company LimeBike with an acquisition option, The Information reported."Uber, in many ways, is turning into a FedEx or UPS for a lot of these categories, particularly grocery because they have a nationwide last-mile delivery network for same-day delivery," he said. "They have a lot of opportunity in grocery, pharmacy, and specialty grocery to take that asset and bring it into new avenues and profit from it, and there are very few companies that have that."Greycroft is still looking to invest in startupsSigalow said that while some venture-capital funds may be getting cold feet with the onset of the pandemic, Greycroft was still investing. He said that was hard to do with founders and startups it has not met in person. "Like most VC funds, we have a lot of dry powder and are still investing," he said. "We're trying to convince companies we've met with in the past to reopen rounds from 12 or 18 months ago."He also said that the coronavirus would have long-term implications for retail and accelerate e-commerce while wiping out those that didn't embrace online channels fast enough. "Prior to COVID, consumer purchasing in grocery stores — not mass-market grocery stores like Albertsons and Kroger but prime butchers, fishmongers, and cheese shops — was 1% e-commerce and 99% in store. And today, it's 50 to 80% e-commerce, which is incredible," he said. He added that the pandemic would change consumer habits in the long run, indicating the kind of startups he'd have his eyes on."There's a lot of habitual behavior that will be created in certain e-commerce categories, like having prescriptions delivered and not waiting in line at Walgreens," he said. "I don't know why anybody would ever do that again." Axel Springer, Insider Inc.'s parent company, is an investor in Uber. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit SEE ALSO: A top Alibaba exec reveals how the Chinese giant is cashing in on the acceleration of e-commerce in the US and wooing businesses threatened by the coronavirus to its platform Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: This could be the future of ride-hailing More: VC VC firms E-Commerce Uber Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Yahoo Has Acquired Snip.it - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Yahoo Has Acquired Snip.it, And The Startup Dealmaker Who Launched It Owen Thomas Jan. 22, 2013, 8:35 PM 9,639 4 facebook linkedin twitter email print Ramy AdeebYahoo CEO Marissa Mayer is moving ahead with her plan to acquire struggling startups with talented teams: The company is, as expected, snapping up Snip.it, a website which lets users make collections of links on a topic to share their expertise. AllThingsD reported Yahoo's interest earlier Tuesday. The Snip.it service is shutting down, according to a note posted on the website. That pragmatic decision will sadden some Snip.it users, but it suggests that Yahoo was interested in Snip.it more for its employees than its product. While it's easy to see how Snip.it's expertise in design and user interfaces might serve to refresh aging Yahoo products like, say, Yahoo Answers, we have a different theory about why Yahoo bought it—and that's to get the services of Snip.it CEO Ramy Adeeb. Adeeb has a particularly interesting background. Before starting Snip.it, Adeeb worked at Khosla Ventures, where he helped make investments in companies like GroupMe and Square. And before that, he worked at Tellme, an enterprise startup acquired by Microsoft for $800 million. As such, he has powerful connections with a host of startups backed by Khosla or launched by Tellme alumni. Mayer is an angel investor in Square, which suggests that the two might have similarly keen eyes for the next wave of design-oriented mobile apps. After getting his team situated at Yahoo, we think Adeeb might move into a corporate-development role, leading Yahoo's dealmaking with startups to assemble the talented teams with which Mayer hopes to stage a mobile-focused turnaround. More: Yahoo Acquisition Marissa Mayer Snip.it Ramy Adeeb facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 1 All Comments 4 Apply To Be An "Insider" » Loading Yahoo Has Acquired Snip.it, And The Startup Dealmaker Who Launched It Yahoo Has Acquired Snip.it, And The Startup Dealmaker Who Launched It The job Marissa Mayer assigns him to will be telling. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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SAY Media Has Made Two Acquisitions: ReadWriteWeb And Dan Frommer http://www.businessinsider.com/say-media-acquires-readwriteweb-and-dan-frommer-2011-12/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Sun, 26 Jun 2016 23:05:28 -0400 Alyson Shontell http://www.businessinsider.com/c/4f0cf0a569bedd154d000012 Lenna Neighbors Tue, 10 Jan 2012 21:15:01 -0500 http://www.businessinsider.com/c/4f0cf0a569bedd154d000012 Stuff connected with cyber bullying, stalking and also other sorts of nuisance seem to be under-reported in the mass media. It without a doubt could be beneficial if a lot more people continued with these sorts of discussions. It does not make a difference if it is a celebrity, merely a teenager, or a co-worker. http://www.businessinsider.com/c/4f0b877569bedd5a53000028 Kielce Og&#322;oszenia Mon, 09 Jan 2012 19:33:57 -0500 http://www.businessinsider.com/c/4f0b877569bedd5a53000028 Truly it’s known as Search engine optimization that when i search for this post I found this site at the top of all web sites in search engine. http://www.businessinsider.com/c/4f0b81a5ecad04f73500005f Noreen Osollo Mon, 09 Jan 2012 19:09:09 -0500 http://www.businessinsider.com/c/4f0b81a5ecad04f73500005f Hmm Well I was just searching on yahoo and just came across your site, in general I just only visit blogs and retrieve my needed info but this time the useful info that you posted in this post urged me to post here and appreciate your diligent work. I just bookmarked your site. Thank you again. http://www.businessinsider.com/c/4f086c186bb3f7d57700000d Tonya Hedgebeth Sat, 07 Jan 2012 11:00:24 -0500 http://www.businessinsider.com/c/4f086c186bb3f7d57700000d Hi there, i just needed to drop you a line to say that i thoroughly enjoyed this particular post of yours, I have subscribed to your RSS feeds and have skimmed a few of your posts before but this one really stood out for me. I know that I am just a stranger to you but I figured you might appreciate the admiration Take care and keep blogging. http://www.businessinsider.com/c/4f062b7c69bedda203000028 Lenny Caughell Thu, 05 Jan 2012 18:00:12 -0500 http://www.businessinsider.com/c/4f062b7c69bedda203000028 Pretty neat post, I learned a few things I didn't realize. I just happen across this site; it's pretty neat. I'm going to have to read some of your other posts. http://www.businessinsider.com/c/4ee90afb6bb3f72f21000002 Dan Frommer Wed, 14 Dec 2011 15:45:47 -0500 http://www.businessinsider.com/c/4ee90afb6bb3f72f21000002 Love you too, Freddy! http://www.businessinsider.com/c/4ee8c1d3ecad045179000045 freddy bee Wed, 14 Dec 2011 10:33:39 -0500 http://www.businessinsider.com/c/4ee8c1d3ecad045179000045 i don't miss Dan Frommer in the slightest. Another in a long line of Apple shills

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Over a Dozen Staff Leave BlackRock's Private Credit Biz After Tennenbaum Acquisition. Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance An exodus at BlackRock: A dealmaking push into private credit led to frustrated employees leaving Danielle Walker and Rebecca Ungarino 2022-09-21T16:12:39Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Larry Fink/Reuters, Tyler Le/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. After BlackRock acquired private credit firm Tennenbaum Capital Partners, more than a dozen employees left the small investment team. Former BlackRock employees say underwhelming pay and unfulfilled promises that the team could raise its own special situations fund led to widespread frustration and departures. The departures come as BlackRock aims to compete more aggressively in private credit, a key part of its high-priority alternatives push. Clashes between investment teams, deflated hopes of a fund launch, and pay disputes have contributed to a years-long wave of departures from BlackRock's private credit investing team, former employees tell Insider. BlackRock has prioritized growing its $320 billion alternative business in recent years, with a focus on private market investing. To bolster that growth, BlackRock acquired the small private credit firm Tennenbaum Capital Partners, or TCP,  in 2018. Since then, however, more than a dozen professionals have left the 35-person investment team that joined from Los Angeles-based TCP, Insider has learned. Indeed, the string of exits and tensions within the private credit business grew so untenable that BlackRock president and cofounder Rob Kapito stepped in to try to smooth over frustrations in the group and stem the outflow of talent, said four former BlackRock employees, who spoke to Insider under the condition of anonymity.Within months of the TCP deal closing, Kapito flew to Los Angeles to meet with the investment team, one of the former employees said, noting that the group had already lost multiple managing directors by then. One major point of contention within the group was whether employees from the TCP team would be able to launch their own special situations fund at BlackRock — which never came to fruition, people familiar with the matter said. Sophisticated investors who are focused on "special situations," as the style is broadly known, seize on major corporate events like bankruptcies, acquisitions, or litigation, which impact the price of an asset. "Over time, it became clear that BlackRock wanted Tennenbaum to only focus on direct lending, rather than distressed and special situations investing," one of the former employees told Insider. BlackRock had an existing special situations fund in the US, run by David Trucano, a dynamic that spurred internal conflict, the person added.Tim O'Hara, then BlackRock's global co-head of credit, helped oversee the TCP acquisition. He left and joined Wells Fargo, where he was named head of banking in the corporate and investment bank in May. BlackRock is better known for its low-cost exchange-traded funds than its alternative assets prowess. Still, in recent years management has made it clear that its private investment capabilities need to be an important engine of growth. Private markets are "a major strategic area of focus at BlackRock," Morgan Stanley analysts led by Betsy Graseck wrote in a research report in June. By offering a growing array of alternatives, traditional asset managers tap into stickier fees and revenue and boost organic growth, they wrote.Disagreements over compensation The exodus of talent in recent years from both the TCP team and the wider private credit platform — some of whom left for large alternative asset managers like Apollo and Ares — comes at a highly competitive and in-demand moment for the private credit market. Despite senior-level exits, the business has grown headcount and client assets since 2018.  When the TCP deal was completed in August 2018, BlackRock's global credit team managed $90 billion in assets — a figure that stood at $149 billion as of June 30, a person familiar with the firm told Insider."With the growth of our client assets, it's been a significant investment over the last several years, " Jim Keenan, BlackRock's chief investment officer and global head of credit, who helped steer the TCP acquisition, said in an interview with Insider. "And that's something that we'll continue over the next couple of years with regard to how we're budgeting and how we're thinking about headcount."  The exits underscore the risks that come with smaller acquisitions that big traditional asset managers are going after as they seek out private-markets investment teams. Franklin Templeton, T. Rowe Price, AllianceBernstein, and PGIM have all announced alternative asset acquisitions since 2021.   "BlackRock is great at raising low-fee capital — ETFs, mutual funds. But it's never really been good at raising high-fee capital," a former employee said. Disagreements over compensation were at the heart of some employees' frustrations, according to interviews with four of the former employees. Some employees from the TCP team stayed long enough to receive their retention bonus, one of the people said. Another person said: "BlackRock doesn't pay that well. People knew Tennenbaum was being overpaid relative to BlackRock standards." In recent months, three BlackRock investment professionals who moved to the firm in the TCP deal have left. Managing director Kenneth Saffold, an investor well-known in the Atlanta community, left and cofounded the investment firm o15 Capital Partners with former Invesco and BankUnited executives, Insider reported in June. Another BlackRock managing director, Brad Pritchard, joined the venture debt firm Runway Growth Capital in August. Daniel Levan, a director at BlackRock, also recently left the private credit team, according to two former BlackRock employees who spoke to Insider and a public pension disclosure, which noted the departures of Saffold, Pritchard, and Levan. BlackRock confident in the team's growthIn a joint interview,  BlackRock executives said they were confident in the team's growth and performance. Raj Vig, the co-head of US private capital at BlackRock who was a longtime TCP executive, said 2021 was a record year of capital deployment. "Investors vote with their wallets. That is the ultimate validation, or not, of success — performance and fundraising," Vig said. "At the end of 2021, we had over twice the amount of committed capital from investors in our direct lending business as we did at the end of 2018."When the TCP deal was announced in April 2018, the Los Angeles-based manager had $9 billion in committed client capital and more than 80 employees, a release from BlackRock said.Many investment companies, to be sure, face challenges in hiring and retention. Dan Sondhelm, CEO and founder of Sondhelm Partners, an asset-management consulting firm, said that given how hot the private credit market is right now, deal-hungry firms may run the risk of not being able to hold onto investment talent for long — especially once retention packages time out. "There are other opportunities right now. They could get taken away and hired by another company that wants to enter the space," Sondhelm said. "They could just decide: 'We're going to start our own company.'"Private credit has been "a pretty strong asset class for several years now," Sondhelm added, noting that investors are in search of higher levels of income that aren't strongly correlated to the volatility of stocks."Whenever there's a category like that where there is interest and growth, there are going to be companies who want to get into that space."'Promises that were not delivered on' Other exits followed the TCP deal.Howard Levkowitz, who co-founded TCP in 1999; Mark Kronfeld, who was global head of restructuring in BlackRock's private credit group; and former TCP finance chief Paul Davis all left last year. In 2020, Michael Leitner, a managing director responsible for co-leading direct lending and special situations strategies, left.  At least six associates focused on private credit left this year for competitors, according to a former employee and a review of LinkedIn. Other senior departures who did not join BlackRock through the TCP deal included Michael Zugay, former head of US private capital; Alex Dashiell, a former managing director in USPC and a member of its investment committee; and Aaron Kless, former head of USPC investment strategies.Still, through the turnover, BlackRock has continued to hire investment professionals within its US private capital team. Its headcount has grown 70%, to some 60 investment staff since its acquisition of TCP, according to a person familiar with the firm.Phil Tseng, who co-heads US private capital with Vig and who also joined BlackRock through the TCP acquisition, said managing investment talent well goes hand-in-hand with driving returns for clients. "It's not to say that the private credit market is easy to manage talent. It's not, because it's competitive. There is a lot more capital coming into this space," Tseng told Insider. "So we understand that there could be normative attrition and churn. But we try to take that into account, and we've really invested in the business to scale our team commensurate with our capital base and our deployment."BlackRock said when it acquired TCP that a "key element" of the deal was TCP's senior management team — including Leitner, Levkowitz, Tseng, and Vig — sticking around. All of TCP's partners signed employment agreements and were expected to join BlackRock, while TCP anticipated that all of its more than 80 employees would move to the money manager, a May 2018 presentation TCP provided to a public pension investor shows. The presentation, which was published online by the pension, also said that incentive or retention packages were to be offered to TCP investment team members.Senior-level members of the TCP investment team, at the principal level and above, were offered four- or five-year retention packages, one of the former BlackRock employees told Insider.Former employees said they believed that BlackRock management had told Trucano, who runs BlackRock's opportunistic credit platform and works on special situations and distressed investing, that TCP would not encroach on Trucano's business. This frustrated the TCP team, who for years focused on special situations — and who assumed they would be able to keep doing just that type of investing when they arrived at BlackRock.  BlackRock declined to comment on the former employees' assertion."People really felt burned by promises that were not delivered on, and felt they were misled, especially with special situations," one of the former employees said, adding that they felt management "told Trucano one thing" and told the TCP team "the exact opposite." A former employee of BlackRock, who is familiar with the TCP transition, pointed to overall differences in the cultures that also played a role in growing tensions, and eventual departures."When you join a big company like BlackRock, it's just a lot more political. You kind of have to stick out," the person said. "I think it's a little bit of a culture shock to go from a smaller group that's a little more intimate and meritocracy based… and that's probably tough on folks." 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Apple Says It Isn't Going to Make an Offer on Imagination Technologies Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Apple says it isn't going to make an offer on a British chip designer worth £600 million Sam Shead 2016-03-22T15:44:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Apple CEO Tim Cook. Getty Images News Apple said on Tuesday that it doesn't plan to make an offer on British chip design company Imagination Technologies, despite earlier reports.The Cupertino company issued a statement through the London Stock Exchange on Tuesday to put the record straight. "From time to time, Apple talks with companies about potential acquisitions," Apple wrote. "We had some discussions with Imagination, but we do not plan to make an offer for the company at this time."Stock in Imagination Technologies rose by nearly a fifth on Tuesday morning (GMT) amid rumours that Apple was in "advanced talks" to buy Imagination Technologies. Citing a source with knowledge of the discussions, ArsTechnica said Apple is interested in the company's PowerVR line of graphics processing units (GPUs).Following Apple's statement, however, stock in Imagination Technology crashed to being up just 1%, prompting the company to release its own statement. In a "response to Apple’s announcement", Imagination Technologies wrote:   The Board of Imagination Technologies Group plc (LSE: IMG, “Imagination”, “the Group”), a leading multimedia, processor and communications technology company, notes the announcement from Apple Inc. (“Apple”) following media speculation. The Board values Apple very highly as an important ongoing partner of the Company.The Board reiterates its confidence in Imagination's strategy of reinforcing and building on the current strengths of its three core businesses and in further progress with its restructuring programme as communicated in its update on 17 March 2016. The Board remains focussed on delivering the best value possible to its shareholders.Imagination Technologies, founded just outside London in 1985 and now listed on the London Stock Exchange, already counts Apple as its third biggest shareholder.Apple announced in 2008 that it had acquired 3.6% of the London Stock Exchange-listed company, which has a market cap of £600 million, before increasing that figure to 9.5% in 2009. Intel also held a significant number of shares in the Hertfordshire-based company at one point (up to 16%) but sold the last of them off in February 2015.Last week Imagination Technologies announced that longtime CEO Hossein Yassaie was stepping down and that an additional 200 jobs were being cut on top of 100 that had already been announced. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read the original article on Business Insider UK. Copyright 2016. Follow Business Insider UK on Twitter. Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: Tim Cook's estimated net worth is $625 million — here's how he makes and spends his money More: Apple Processors Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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It Seems Google Acquired That AI Startup To Improve Image Search - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Google Likely Acquired Artificial Intelligence Startup To Improve Image Search Cooper Smith Jan. 28, 2014, 6:10 PM 1,111 facebook linkedin twitter email print Social Insider is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today. DEEPMIND JOINS GOOGLE SEARCH: Google recently acquired artificial intelligence startup DeepMind for a reported price tag of $400 million. Although the startup had not yet released a product (it was in the late stages of developing advanced AI systems for images, games, and online commerce), DeepMind competed for talent with Google, Microsoft, IBM, Facebook, and other tech giants, and its 50 person team is packed with talent. That team will now be working directly with Google's search team (called the "Knowledge" group), according to Re/code.  DeepMind has a few U.S. patent applications involving reverse and composite image search, so the team is likely working on some advanced image recognition technology that Google was interested in.  "Rumor is that Google is getting very good at identifying individuals in photos, but they are holding off from rolling out that technology," said Jim Hendler, an artificial intelligence researcher at Rensselaer Polytechnic Institute, whom we spoke with recently. "From what I understand, Google is going after contextual image recognition, such as identifying whether a photo is of a social setting, if it was taken outdoors, indoors, etc.," Hendler told us.  If DeepMind was holding patents to technology that could distill the elements of a composite image, that would be extremely valuable to Google. To learn more about Google's knowledge graph, check out our new report on big data > EDITORS MAY RULE FACEBOOK'S FORTHCOMING MOBILE NEWS APP: Reports have been floating around for some time that Facebook is launching a mobile news app called Paper under the guidance of Vice President of Product (and close confidant to Mark Zuckerberg) Chris Cox. It could launch this month. Facebook has been hiring editors who will "oversee around ten different news verticals on a wide range of topics, curating a mix of the 'best stories' within each particular subject area … " according to Re/code, which spoke with sources familiar with the project. All stories featured in Paper will be selected entirely by these editors, which is surprising considering how much control Facebook gives algorithms to control News Feed content. Perhaps Facebook is using Paper as a control environment to test the performance of its News Feed algorithm against well-trained editors. (Re/code) GOOGLE'S MOBILE USER TRACKER: Google's new user tracking software, which is intended to help advertisers collect data on consumers, has been located in the Ads section within Google's Settings mobile app. Advertising ID, as it is called, is running on newer versions of Android phones, such as KitKat. Not much is known yet about what exactly the Ad ID is tracking or how sophisticated the software is; there have been reports that Google may use it to eventually "kill the cookie." If you have any insight into Google's plans for the Ad ID, you can email me at csmith@businessinsider.com. (Business Insider) PINTEREST ANNOUNCES INTERESTS PAGE: Pinterest has released a preview of its new "Interests" page, which curates a personalized catalogue of photos based on previous images you've pinned. The Interests page is intended to make it easier to stumble upon content on Pinterest that you are, well, already showing an interest in. It is yet another move by Pinterest's product team to improve content relevancy. Recently, Pinterest acquired image recognition startup VisualGraph, and it could could use that technology to constantly improve upon the Interests product. (Pinterest Blog)  A SOCIAL + MOBILE CASE STUDY FROM FORBES: The synergy between mobile and social is becoming ever more important for print publications to stay in business, and Forbes has released a case study exemplifying this. Forbes.com had 75 million total visitors in December 2013, and one-third of that traffic came from mobile. Approximately 10 million visits came by way of a social media referral. These numbers are low compared to publications that got their start in the digital age, but for publishers that began with print editions (as Forbes did in 1917), it goes to show that old media can longer afford to ignore mobile and social. (Forbes) Here's what else BI Intelligence subscribers are reading … Tumblr Grew Its US Desktop Audience Faster Than Any Other Major Social Network In 2013 A Boom In Early-Stage Funding For Payments Startups Could Lead To A Slew Of Acquisitions In 2014 Samsung Smartphone Shipments Declined For The First Time Last Quarter The Best Social Networks For Retailers Varies By Category DRONES: Quickly Navigating Toward Commercial Application, Starting With E-Commerce And Retail Global Card Transactions Will Near 300 Billion By 2018 Follow Social Media Insights and never miss an update! Get updates in your Facebook news feed. Get updates in your inbox. Privacy Policy Get updates in your inbox Subscribe to Social Media Insights and never miss an update! 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Intel Acquires Basis Science - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Intel Bought A Wearable Fitness Band Company For A Reported $100 Million Lisa Eadicicco Mar. 25, 2014, 5:27 PM 1,493 facebook linkedin twitter email print IntelIntel CEO Brian Krzanich See Also Apple officially killed one of Steve Jobs' favorite projects A flight attendant reveals impressive skills you didn't know they need for the job Britney Spears hasn't been in control of her career or personal life for more than 8 years At this year's Consumer Electronics Show, chip maker Intel emphasized that it plans to delve deeper into the wearables space, and today the company has further proved that notion. Intel just announced that it has completed its acquisition of Basis Science. It didn't disclose the financials behind the deal, but according to TechCrunch, Intel paid about $100 million. Basis Science is the creator behind the Basis B1 fitness band, a wristband that's capable of capturing heart rate patterns, sleep stages, motion, and burned calories, among other stats. Intel says the acquisition is part of an effort to expand its expertise in the wearable device category. Rather than branding products under its own name, Intel says it plans to create wearable reference designs, chipsets, and other technology to be used by its customers in the development of wearable gadgets. At CES 2014, Intel showcased a few wearable reference designs, including a pair of smart earbuds that can urge its wearer to keep exercising along with a smartwatch prototype. Intel expressed interest in the wearable display category as well when it invested in Recon Instruments, creator of the Jet sports-oriented smart eyewear, in September of last year. Basis products will continue to be sold through the company's current retail channels, and TechCrunch reports that the fitness tracker creator had previously been in talks with Google, Apple, Samsung, and possibly Microsoft before inking the deal with Intel.  SEE ALSO: Here's Your Best Look Yet At Google's New Android Smartwatches More: Smartwatch Wearable Technology Intel Fitness Tracker facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Intel Bought A Wearable Fitness Band Company For A Reported $100 Million Intel Bought A Wearable Fitness Band Company For A Reported $100 Million Intel has acquired the team behind the Basis B1 fitness tracker for a price that's reported to be around $100 million.  Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Warren Buffett Has Been Looking For A $20 Billion Company To Acquire - Business Insider Finance BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Warren Buffett Is Looking To Acquire A $20 Billion Company Lisa Du May 5, 2012, 11:59 AM 2,500 6 facebook linkedin twitter email print Berkshire Hathaway's annual shareholder's meeting is underway in Omaha, and Business Insider has been tracking all the festivities. Arguably the biggest bombshell to come out of the Q&A session so far is the fact that Buffett considered acquiring a $22 billion company one or two months ago, but it didn't work out in the end. But, he's still looking according to CNBC's Alex Crippen. Buffett said he's definitely up for a good deal worth $20 billion. If he doesn't find one next year, then he might move up the price to $30 billion. buffett just said he almost made a $22 billion acquisition in the past couple of months. what do you think it was? #buffettwatch — Andrew Ross Sorkin (@andrewrsorkin) May 5, 2012 Buffett: If we find good $20B deal, we'll do it.Next yr, if haven't done it yet, will say if we find $30B deal, we'll do it #BuffettWatch — Alex Crippen (@alexcrippen) May 5, 2012 SEE ALSO: Warren Buffett's Having A Freaking Great Time At Berkshire Hathaway's Shareholder Meeting More: Warren Buffett Berkshire Hathaway facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 6 Apply To Be An "Insider" » Loading Warren Buffett Is Looking To Acquire A $20 Billion Company Warren Buffett Is Looking To Acquire A $20 Billion Company Any takers? Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Finance Emails & Alerts Sign-Up Learn More » Finance Select Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Facebook Acquires Friend.ly, A Social Q&A Startup http://www.businessinsider.com/facebook-acquires-friendly-a-social-qa-startup-2011-10/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Sun, 29 May 2016 11:40:18 -0400 Alyson Shontell http://www.businessinsider.com/c/4e93ffeb69beddfe0200000c timhobbes Tue, 11 Oct 2011 04:35:55 -0400 http://www.businessinsider.com/c/4e93ffeb69beddfe0200000c Heh. They knew Google+ Q&A was coming and thought: what will we do? Ah ok, let's search for a Q&A startup.

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Google Can't Hire Anyone, So It's Going Crazy Acquiring Companies - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Google Can't Hire Anyone, So It's Going Crazy Acquiring Companies Jay Yarow Sep. 10, 2010, 12:10 PM 280,069 21 facebook linkedin twitter email print In the last twelve months, Google has acquired (or planned to acquire) twenty-six different companies. Why is Google going on such a crazy shopping spree? On a basic level, it can afford it, since it has billions in cash. And Google thinks its smart to invest in companies and people to turbo charge the company now for the future. But, below those superficial reasons there seems to lurk a more vexing problem for Google. It's no longer a sexy growth business, and we've heard that's making it harder for Google to attract the best and the brightest in the industry. Facebook wrested that mantle away Google. Facebook is growing like a weed, introducing new products, and most importantly pre-IPO, which means big paydays eventually for employees joining today. Google offered $500,000 to an employee who was leaving for Facebook. He turned it down and joined Facebook anyway. (We've also heard Quora is hiring lots of talent lately. More on that later.) Which, brings us to Google's acquisitions. It bought some big companies, but mostly it's smaller companies filled with industrious, intelligent, entrepreneurs. Google used to be able to just hire those people. Today, if it wants them in the Google Plex it has to buy the company they're working on. View As: One Page Slides Click here to see the companies and people that are joining Google → » More: Startups Features Google Mergers And Acquisitions Deals facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 21 Apply To Be An "Insider" » Loading Google Can't Hire Anyone, So It's Going Crazy Acquiring Companies Google Can't Hire Anyone, So It's Going Crazy Acquiring Companies Google has purchased 26 companies in the past 12 months. Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Thanksgiving Store Countdown to Black Friday - Deals of the Week The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Amazon Should Acquire Sears - Business Insider Retail BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. 4 Reasons Amazon Should Acquire Sears Ashley Lutz Apr. 17, 2014, 3:46 PM 7,335 8 facebook linkedin twitter email print REUTERS/Andy ClarkAmazon's business is thriving, while Sears' is flailing. But if Amazon acquired Sears, both retailers could stand to benefit, industry expert Robin Lewis writes on his blog. He names a few reasons why Amazon acquiring Sears would be a smart business move. 1. Amazon would gain Sears Holdings' 2,400 Sears and K-Mart retail locations. "The acquisition becomes Bezos’ answer to omnichannel and the proven revenue synergy of consumers’ ability to shop online and off; the convenience of proximity for pick up and returns; and facilitation of even greater delivery speed," Lewis writes. 2. Amazon could get an incredible bargain. The cost of buying Sears would be less than building the same number of distribution centers, Lewis writes. 3. Sears still has attractive brands. If Amazon acquired Sears, it would get some great brand names. "Kenmore appliances, Craftsman tools, and DieHard batteries are iconic brands that can be resurrected," Lewis writes. 4. Sears has an e-commerce presence. Sears Chairman Eddie Lampert has built a considerable e-commerce presence for Sears. The online business would thrive even more with Amazon's capabilities. Lewis also suggests that Amazon should get rid of the Sears and K-Mart brand names. "The Amazon brand name is simply more powerful today, and I suggest even more so among the younger generation, well on its way to becoming the largest consumer segment," Lewis writes. He says that while many American consumers might be sad to see the brands go, an acquisition by Amazon could be the best option. "If Sears and K-Mart aren’t discarded in this kind of a deal, at some point in the very near future, they will end up in the trash bin of history," he writes. Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions. SEE ALSO: J. Crew Took Out A Full-Page Ad To Respond To One Customer's Open Letter Want to read more retail stories? Follow Business Insider: Life on Facebook Follow Retail Select and never miss an update! Get updates in your Facebook news feed. Get updates in your inbox. Privacy Policy Get updates in your inbox Subscribe to Retail Select and never miss an update! Privacy Policy More: Retail Select Retail Sears Amazon facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 1 All Comments 8 Apply To Be An "Insider" » Loading 4 Reasons Amazon Should Acquire Sears 4 Reasons Amazon Should Acquire Sears Amazon's business is thriving, while Sears' is... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Retail Emails & Alerts Sign-Up Learn More » Retail Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSGPLSE

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Defense Acquisition - Insider Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It indicates a way to close an interaction, or dismiss a notification. Premium Tech 2021-10-04T10:27:00Z Google, Amazon, and Microsoft have taken advantage of a commonly used but little-known tool to quietly enter dozens of contracts with ICE and CBP Amazon, Google, and Microsoft have quietly used third-party intermediaries to sell their tech to ICE and CBP in contracts worth millions. Military & Defense 2018-06-15T15:48:00Z These are the 25 most powerful militaries in the world There are a number of ways to gauge an individual military's assets and capabilities. Military & Defense Contributors 2018-05-21T14:16:49Z 6 game-changing weapons the Army wants to field next Army Secretary Mark Esper give some insight into what kinds of futuristic weapons the services is working on and hopes to get into the field in short order. Military & Defense Contributors 2018-04-20T12:38:41Z Lockheed is going to offer Japan a stealthy hybrid of the F-22 and F-35 fighter jets Japan wants to develop its own stealth fighter, but there are limits on what foreign defense contractors can sell it. Military & Defense Contributors 2018-04-11T17:47:25Z The US Navy wants fast-tracked new weapons to counter Russia and China The US Navy wants to speed up the acquisition process for weapons and technology specifically because of the threats posed by Russia and China. Military & Defense 2018-04-01T20:39:00Z The US military is snapping up the Army's new sidearm The Army plans to buy 195,000 of the new sidearm — and the other service branches want to buy tens of thousands more. Military & Defense 2018-03-30T16:08:53Z The US military is snapping up the Army's new sidearm The Army plans to buy 195,000 of the new sidearm — and the other service branches want to buy tens of thousands more. Military & Defense Contributors 2018-03-27T21:42:21Z The Navy is stocking up on 60,000 the Army's new compact sidearm The Army awarded Sig Sauer an MHS contract worth up to $580 million in January 2017, and the other service branches are placing orders. Military & Defense 2018-03-21T20:01:28Z The US is stocking up on a small, deadly new missile Standoff missiles essentially act as small precision cruise missiles and glide bombs, and are often compared to short-range ballistic missiles. Military & Defense Contributors 2018-03-21T16:16:10Z The Marine Corps' new rifle is super expensive — and nobody knows why Lawmakers want to know how the Marines settled on a contract worth up to $150 million. Military & Defense Contributors 2018-02-12T22:55:38Z It looks like the Air Force wants new wings for the A-10 Warthog as soon as possible The Air Force wants the wings "expedited to the maximum extent possible" and is willing to pay extra to a contractor that can meet deadlines. Military & Defense 2018-02-03T14:12:00Z Germany's military is falling behind, and the US is putting it on notice Germany is debating whether and how to boost its defense budget, while the US and others are warning it not to let NATO down. Military & Defense 2018-01-28T20:38:00Z Air Force One needs new refrigerators — that'll be $24 million The presidential jets require specific components, and replacing them comes with a high price. Military & Defense Contributors 2018-01-25T19:44:41Z Here's why Saudi Arabia is buying so many Blackhawks The Blackhawk has been the workhorse for the US Military since its introduction in 1979. Military & Defense 2018-01-25T16:38:32Z Air Force One needs new refrigerators — that'll be $24 million The presidential jets require specific components, and replacing them comes with a high price. Military & Defense 2017-12-16T20:47:00Z Saudi Arabia has the best military equipment money can buy — but it's still not a threat to Iran Saudi Arabia has one of the most impressive arsenals in the world, large ambitions, and a very capable rival. What it doesn't have is realistic capability. Military & Defense Contributors 2017-10-10T15:12:23Z Mattis: Congress needs to get back in the 'driver's seat' for defense spending "No enemy in the field has done more to harm the combat readiness of our military than" budget sequestration, Mattis said earlier this year. Military & Defense Contributors 2017-09-29T13:52:35Z How lawmakers exploit tragedy to demand bigger defense budgets Ghoulish behavior masks bad stewardship of an already bloated budget. Military & Defense 2017-06-21T16:08:00Z The general in charge of America's nukes says North Korea tests weapons faster than the US does “What he’s doing is testing and failing, testing and failing, testing and failing, testing and succeeding. … He’s learned how to go fast.” Military & Defense 2017-06-18T19:58:00Z Congress insisted the Air Force keep the A-10, so now the Air Force wants Congress to pay up The Air Force is asking Congress for additional funds to keep all 283 of its A-10 Thunderbolts in service. Loading Something is loading. View more Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Microsoft is supposedly in talks to acquire music startup Rdio. http://www.businessinsider.com/microsoft-is-supposedly-in-talks-to-acquire-music-start-up-rdio-2012-10 en-us Wed, 03 Oct 2012 17:34:00 -0400 Tue, 21 May 2013 00:00:59 -0400 Kevin Smith

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Investors Predict Acquisition Sprees From Amazon and Alphabet in 2021 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España France India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Healthcare Investors think Amazon and Alphabet could set the pace for healthcare deals in 2021. Here's what they are watching. Megan Hernbroth 2021-01-05T14:28:55Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Google Health VP Dr. David Feinberg. HLTH; Samantha Lee/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. After the Teladoc-Livongo merger that shook up the digital health world, many investors are looking outside the industry for its next major deal. Tech giants like Amazon and Alphabet are the most likely buyers, investors told Business Insider. That's especially true of Amazon, which rolled out its pharmacy service years after acquiring mail-order prescriptions company PillPack. Both companies have signaled interest in expanding their healthcare offerings in recent months and after a year of record public returns, could have enough cash on hand to buy up hot upstarts instead of building products or software from scratch. Visit Business Insider's homepage for more stories. 2020 was a banner year for healthcare mergers and acquisitions. But 2021 could put the last 12 months' deals to shame.If 2021 eclipses 2020, it will be thanks to tech giants like Amazon and Google's parent company Alphabet, three investors told Business Insider. The big tech companies are coming off a year marked by record-shattering returns in public markets, leaving them in a good position to buy smaller upstarts and public companies. More companies than ever could be in Amazon and Alphabet's crosshairs given easy access to growth-spurring cash courtesy of healthcare's private funding gold rush and SPAC frenzy. Small companies can mature financially seemingly overnight and grow quickly enough to catch the tech giants' attention. Digital health company Teladoc's $18.5 billion takeover of diabetes monitoring company Livongo, finalized in October, largely set the precedent for headline-grabbing deals. It was one of health-tech's largest deals to date, and investors speculated that its success could usher in a new era of consolidation."I think actually you're going to see people go, Teladoc and Livongo worked so well, and all these companies went out and those went well, so you'll see more companies that go public in 2021 and there will be more M&A activity," Dr. Bob Kocher, a partner at venture firm Venrock, told Business Insider.Read more: 29 top VCs share their best 2021 healthcare predictions, from a surge in startups addressing where medicine falls short to a big year for digital health IPOsKocher and other investors pointed to Alphabet and Amazon as the most likely buyers, mostly due to the companies' history of mega-deals and their healthy balance sheets. Both companies are under pressure to continue growing at a fast clip, Kocher said, and will need to look beyond their existing suite of services to gain any meaningful traction.The search for growth has slowly fueled Big Tech's entry into healthcare for several years. At first, companies like Apple and Fitbit, which Google agreed to acquire in a $2.1 billion deal, focused on wearable technology to monitor a person's health stats, like steps or heart rate. Over time, tech companies became more ambitious and aggressive in their push into healthcare, making it less likely that a traditional healthcare company could adequately compete with Amazon and Alphabet for deals."It's a very good time to be a healthcare startup right now," Maverick Ventures managing director Ambar Bhattacharyya told Business Insider. "The tailwinds are still there for the coming yearExpanding Amazon PharmacyMost recently, Amazon announced its pharmacy service tied to its Prime membership, where members have access to two-day prescription shipping and discounts at pharmacies. The announcement came years after Amazon acquired prescription-shipping company PillPack.Kocher said he thinks Amazon will make more deals to bolster the pharmacy business."It was well designed and I think it's successful," he said. "I tried it and it was great. I thought it was an interesting idea with the Prime discount in person."Amazon's focus on the consumer will be what drives its acquisition strategy, according to Threshold Ventures' Emily Melton. It's a strategy that propelled the e-commerce giant to become one of the most valuable companies in the world and poses a compelling challenge for the healthcare industry, which struggles with patient experience."You'll see a lot of pressure on companies to recognize those experiences," Melton said. "Consumers will want to have better experiences in healthcare."Alphabet could shop for companies to bolster its cloudAlphabet's healthcare deals are likely to be more closely tied to its cloud service, Kocher said. It could be shopping for companies that require ample computing power, like data analytics or artificial intelligence startups."They will buy companies that generate a lot of data and have a lot of cloud need," Kocher said. "Things like voice transcription companies or hospital data analytics companies. It won't be the consumer products side of things."It's more likely that Alphabet could allow a startup to continue operating under Google Health or Alphabet's life sciences moonshot Verily, casting a wider net of potential acquisition targets. Kocher predicted that Alphabet will only seek the largest and most mature startups to add to its arsenal, adding that it's not completely out of the question for the search giant to buy Teladoc itself."There aren't really large things for them to buy outside Teladoc," Kocher said. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit SEE ALSO: Meet the 35 healthcare startups VCs say will take off in 2021 Deal icon An icon in the shape of a lightning bolt. 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Getco Is About To Buy A London Trading House: Automat - Business Insider Finance BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Getco Is About To Buy A London Trading House: Automat Courtney Comstock Jul. 14, 2011, 5:48 PM 2,165 facebook linkedin twitter email print The high frequency trading powerhouse GETCO has arranged a deal to acquire Automat, a London-based derivatives and Forex. The news is that Getco is expanding their business and getting into Forex trading, according to the Wall Street Journal. A high frequency trader gave us his take on the news. He says, "I think they're very equities-focused and they want to diversity into forex trading where this is more scalable volume, especially since stocks are saturated with HFT." GETCO already has a European arm and one in Singapore.  More: Wall Street High Frequency Trading GETCO facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Getco Is About To Buy A London Trading House: Automat Getco Is About To Buy A London Trading House: Automat Relatively big high frequency trading news. Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Finance Emails & Alerts Sign-Up Learn More » Finance Select Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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CNN Acquires CNNbrk Twitter Account With Nearly 1 Million Followers - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. CNN Acquires CNNbrk Twitter Account With Nearly 1 Million Followers Dan Frommer Apr. 15, 2009, 4:40 PM 21,950 71 facebook linkedin twitter email print Hard to believe, but the CNN Twitter account racing Ashton Kutcher to 1 million subscribers wasn't even under CNN's (TWX) control until recently. CNN confirms that it has has taken control of the @cnnbrk account -- and its 944,000 followers. CNN didn't disclose any financial details, but said it's been working with previous owner James Cox on the account for more than two years. This is no-brainer for CNN, and we hope they paid Cox a lot of money for the account he's nurtured. By adding more stories to the feed -- and links to CNN's site -- CNN.com could generate hundreds of thousands of extra pageviews per day. (CNN isn't sure if it's going to add links in the near-term.) Whoever is control of the account has been tinkering with it in the last hour or so, adding five CNN-owned or CNN reporter accounts to the ones it's following. Not a coincidence: A recent tweet on Cox's account suggests he's recently visited CNN's HQ in Atlanta. "On the way home after a busy two days. Goodbye Atlanta!" Indeed, he's been at the CNN campus for the last few days talking about Twitter and social media. More: Media Twitter Blogging Social Networking facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 71 Apply To Be An "Insider" » Loading CNN Acquires CNNbrk Twitter Account With Nearly 1 Million Followers CNN Acquires CNNbrk Twitter Account With Nearly 1 Million Followers Hard to believe, but the CNN Twitter account racing Ashton Kutcher to 1 million subscribers wasn't even under CNN's control until recently. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSGPLSE

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PUBLICIS GROUPE HAS ACQUIRED ROKKAN: the Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising PUBLICIS GROUPE HAS ACQUIRED ROKKAN: The Jim Edwards 2012-12-20T18:02:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app PUBLICIS GROUPE HAS ACQUIRED ROKKAN: The digital agency which has historically specialized in video game clients will continue to be led by CEO John Noe, Chief Experience Officer Chung Ng, and Chief Creative Officer Charles Bae. No numbers describing the deal were disclosed. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Listen to The Refresh, Insider's real-time news show Newsletter Sign up for our newsletter to get the news, trends and strategies that advertising and media pros want to know — delivered weekly to your inbox. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Madison Avenue Advertising Publicis Listen to The Refresh, Insider's real-time news show Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Delta acquires $360 million stake in Virgin Atlantic - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. Delta acquires $360 million stake in Virgin Atlantic Christopher Parr, Pursuitist | Dec. 11, 2012, 8:55 PM | 2 | Email More Share on Tumblr Tweet Email Share on Tumblr Christopher Parr Christopher Parr is the CEO and Editor of Pursuitist Recent Posts 9 Ultra-Luxury Valentine's Day Gift Ideas Johnnie Walker House Beijing Hermès Spring/Summer 2013 Ad Campaign Daft Punk Helmet Cannes Film Festival Roundup: Jerry Lewis returns, ‘Blue is the Warmest Color’ shines Striking and Inspiring Home Design in Moscow: Begovaya Few airline routes are as lucrative as the one between the financial powerhouses of New York and London. On Tuesday, Delta Air Lines signaled that it was going after that…Read more posts on Pursuitist » Recommended For You Please follow The Life on Twitter and Facebook. Follow Christopher Parr on Twitter. 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Zooey Deschanel Startup Hello Giggles Acquired by Time Inc. for $30 Million Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Entertainment Zooey Deschanel's startup Hello Giggles just got bought by Time Inc. for around $30 million Alyson Shontell 2015-10-19T13:36:50Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Zooey Deschanel Adam Taylor/FOX "New Girl" actress Zooey Deschanel has a startup, and that startup just got bought by Time Inc.The Los Angeles-based startup is Hello Giggles, a general interest website for women founded in 2011, which Deschanel launched with friends Sophia Rossi and Molly McAleer. A source with knowledge of the deal tells Business Insider the acquisition price was about $30 million — not bad considering the startup only raised a small seed round in 2014, and investors are getting about a 5X return. Those investors include Michael Pierce, Pritzker Group Venture Capital, and Third Wave Digital.The website currently has about 16 million monthly global unique visitors according to Quantcast. Time Inc. thinks Hello Giggles will be a good addition to its entertainment portfolio, which includes People and Entertainment Weekly."We see the opportunity for HelloGiggles to continue to evolve and grow as a multimedia content business," Time Inc. Chairman and CEO Joe Ripp said in a release. "The site provides strategic benefits including a contributor network that unlocks access to a new pool of editorial and creative talent, an expansive audience of highly-engaged consumers and experience in branded and native content solutions.”Rossi will stay on and report to Time Inc.'s executive vice president. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get a daily selection of our top stories based on your reading preferences. Loading Something is loading. 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Starbucks' $750 Million Acquisitions Help Build Brand Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Retail Starbucks blew $750 million on stores that are now closing — and it's a brilliant business move Kate Taylor 2017-08-01T15:47:42Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app As Starbucks shutters Teavana stores, it is still pushing tea sales. Starbucks When Starbucks announced last week that the company plans to close all 379 of its Teavana stores, it was easy to call the company's 2012 acquisition of the tea chain for $620 million a failure. And, as Nation's Restaurant News' Jonathan Maze points out, this is far from the first time that Starbucks has found itself shuttering the chains it has acquired. In 2015, Starbucks announced it would shutter all locations of La Boulange Bakery (acquired in 2012 for $100 million). And, earlier this year, the company closed the last two Evolution Fresh locations (acquired in 2011 for $30 million). Closing roughly 400 store after spending $750 million makes it seem as though Starbucks is bleeding money. However, there's more to the story than these figures show.Each of the acquisitions highlights Starbucks' efforts to break into a new category — health food, bakery, tea. And, since the acquisitions, the chain has mostly succeeded in its efforts to grow sales in these sectors. Starbucks reported last week that it is on the path to sell more than $1.6 billion of Teavana-branded beverages globally in 2017. Starbucks' tea business has grown 40% since launching Teavana, with particular success in China and Japan. In July, the chain launched a new Infusions line, made with steeped fruit and botanical blends combined with Teavana iced tea.  A staff serves beverages at a Starbucks coffee shop in Seoul, South Korea, in this March 7, 2016, file photo. REUTERS/Kim Hong-Ji La Boulange was a purchase intended to help Starbucks boost its food sales, a notoriously weak part of the chain's business. Food makes up 19% of total revenue at Starbucks, a figure that has held steady since 2011, meaning food accounted for more than $4 billion in revenue in 2016. According to the company, food sales have increased by 50% since the purchase.While Starbucks is looking elsewhere to beef up its food menu, announcing a partnership with Italian bakery Princi in 2016, La Boulange helped pave the way toward Starbucks' goal to double its food sales by 2021. As Maze points out, acquiring these chains costs money. And, perhaps Starbucks could have increased tea and food sales without these acquisitions.  However, when trying to grow multi-billion dollar segments of its business, Starbucks can afford to shutter stores in favor of building brands. It might not be the most efficient way to do business — but judging the acquisitions a failure based on store closure misses the strategy behind the purchases.  Starbucks doesn't have a financial incentive to grow chains other those under its own Starbucks name. Each of these brands are purchased to improve Starbucks' reputation and sales. Their individual success or failure is irrelevant.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: Starbucks is shuttering all of its Teavana stores as the retail apocalypse kills off American malls NOW WATCH: Starbucks faced backlash for its controversial bathroom incident — here's what's happened since More: Retail Starbucks Tea Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Google Just Got The U.S. Department Of Justice's Approval To Acquire Motorola - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Google Just Got The U.S. Department Of Justice's Approval To Acquire Motorola Matt Lynley Feb. 13, 2012, 4:53 PM 1,339 1 facebook linkedin twitter email print Ellis Hamburger, Business Insider See Also This guy just got one of the hardest jobs at Google Google has appointed its first hardware czar 10 million self-driving cars will be on the road by 2020 Google's acquisition of Motorola Mobility just cleared another huge hurdle, with the Department of Justice announcing that it has approved the deal, Poornima Gupta of Reuters reports. Google also announced that the European Commission cleared the $12.5 billion acquisition earlier today. More: Google Motorola facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading Google Just Got The U.S. Department Of Justice's Approval To Acquire Motorola Google Just Got The U.S. Department Of Justice's Approval To Acquire Motorola Got 'em. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Here are the biggest tech acquisitions of all time, measured in 2015 dollars Matt Rosoff 2015-10-12T17:11:22Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Dell's $67 billion purchase of EMC is the biggest pure tech acquisition ever. (AOL's $162 billion buy of Time Warner in 2000 was larger, but Time Warner was a media company, not a tech company.) This chart from Statista shows some of the largest tech acquisitions of the past decade, measured in 2015 dollars.  There are a lot of dogs on the list. Statista HP's deal with Compaq didn't lead to the expected synergies and was part of the reason the board fired then-CEO Carly Fiorina. HP is now laying off thousands of people from the Enterprise Services division it created largely out of its EDS buy, and it's involved in litigation with former Autonomy execs after writing off $8.8 billion in value from that acquisition.Google only held on to Motorola for 2 years before spinning most of the company back out to Lenovo for less than $3 billion. Microsoft-Skype and Oracle-Sun were neutral at best — neither one helped the buying company create significant new businesses, although some of the technology and expertise might have percolated through the organizations.Of all these, only Facebook-WhatsApp falls into the "too early to tell" category. Sign up for notifications from Insider! 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Triggit Acquisition by Gravity4 and Gurbaksh Chahal Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech We've just seen the strangest, saddest adtech deal of the year Jim Edwards 2015-03-31T16:38:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Zach Coelius, co-founder of Triggit. Flickr, CC / Joi Easily the strangest adtech deal of the year is the Gravity4 acquisition of Triggit, the web advertising buyer that did a lot of business inside Facebook's FBX ad exchange. People will not rejoice at this news.Triggit took $18.5 million in funding from investors. Because it was a tech startup with an actual revenue model, many people expected it to go on to great things. A larger company could have acquired it (making its founders rich). Or, perhaps, it could have eventually have become big enough to do an IPO like so many other adtech companies have done.Instead, Triggit has been bought by Gurbaksh Chahal's Gravity4. The terms of the deal are undisclosed but sources tell Business Insider the deal price is modest.Chahal is the troubled founder of another adtech company, RadiumOne, who was ousted from that firm by his own board after he was accused of punching his girlfriend. The prosecution dropped felony charges but he pled guilty to two misdemeanors — domestic assault and domestic violence — following a plea bargain. He was sentenced to three years probation, a 52-week domestic violence training course, and 25 hours of community service. Since then, someone has been mysteriously phoning members of media anonymously to spread dirt on RadiumOne. Two other RadiumOne board members have resigned, and a source tells Business Insider it's because they're bored of Chahal's media drama.This is not how anyone thought the Triggit story would end.Triggit was founded by siblings Zach Coelius and Susan Coelius Keplinger, and Zach built a reputation as one of the great champions of real-time bidding in web advertising. Zach was often a loudmouth, who fought his battles with rival companies in public. But he is also a straight shooter. And he is one of the more interesting characters in the business. He will leave the company in the acquisition, along with his sister, and CTO Ryan Tecco, and it will be a shame to see him go. (He declined comment when reached by Business Insider.)The company was founded in 2006, when most people had no clue that "retargeting" even existed, let alone how it worked. (Retargeting is the method in which advertisers place ads that can follow you around on the web based on your browsing behavior.) To give you an idea of just how uphill Zach Coelius's battle was, here is a video from 2010 in which top ad execs from Mercedes-Benz, Lexus, Honda, and Volkswagen express absolute bafflement at a conference where they were asked about "agency trading desks" and "demand-side platforms".Trading desks and DSPs are the companies that place online ads, on which these execs were already spending hundreds of thousands of dollars. Today, no marketing exec would be this clueless and that is in large part to Coelius's efforts.Zach Coelius also made a bit of a reputation as a firebrand when he appeared on stage at the Online Marketing Media and Advertising conference in 2011 and accused the large ad agencies of a conflict of interest in the way they handle their clients' money. Ad agencies take two fees, for both advising clients and spending their money, Coelius argued, and this seems questionable. You can see VivaKi AOD's Mac Delaney restraining himself from punching Coelius in the mouth at 30.30 in this video of the session. Delaney ends up calling Coelius a "pre-schooler": Broadcast live streaming video on Ustream As far as can be observed from the outside, Triggit's fate appears to have been sealed mostly by Facebook's downgrading of FBX, its big ad exchange market. Triggit was a big player in FBX, and in late 2012 took a $7.4 million round of funding from investors who were happy with the fact that Triggit was handling Facebook ads for 200 different clients.The problem was that inside Facebook a debate was brewing about the future of FBX. Some staff thought it was a hugely useful addition to the adtech market, because it utilised standard technology that was used elsewhere on the web, and let advertisers target people inside Facebook based on data those clients collected on customers' web browsing behaviour. Others — like VP ads / product marketing / Atlas, Brian Boland — thought Facebook should develop a "closed" system in which advertisers had to pay for the use of Facebook's targeting data rather than using their own data in an exchange.Boland won that debate and in mid-2013 Facebook COO Sheryl Sandberg hinted to Wall Street analysts that FBX was "a very small part of our business and I think sometimes people don't understand that." It turned out that she was telegraphing the fact that Facebook would ultimately downgrade FBX. It would not be a priority for the company going forward. Some of the companies inside FBX have since been decertified by Facebook, meaning that they cannot advertise to clients that they are capable of buying ad space inside FBX.In 2014, Triggit tried to expand its retargeting business to other web sites. It's not clear how big Triggit's revenues were at the time of the acquisition. The company had slightly less than 50 employees at its peak, we believe.Regardless, a small but interesting chapter in the history of adtech is closing. Business Insider has heard that the company was sold to Chahal for less than what investors sunk into the company. And without Zach Coelius at the helm, Triggit will be a new and different beast anyway. It is sad to see it reach such a downbeat ending. It would be great if Chahal's new company could provide Triggit with a home where it can flourish beyond the niche it found. Fingers crossed. Sign up for notifications from Insider! Stay up to date with what you want to know. 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Snapchat Has Not Received Acquisition Offer - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Snapchat: 'We Have Not Received Any Formal Acquisition Offers' Alyson Shontell Sep. 10, 2013, 10:03 AM 1,716 3 facebook linkedin twitter email print TechCrunch Disrupt 2013Snapchat CEO Evan Spiegel See Also Messaging apps are now bigger than social networks Here's what it was like to party in New York with The League, the 'Tinder for Elites' One of Europe's top venture capitalists says: 'Maybe that was the top' Snapchat has never received a formal acquisition offer, its CEO Evan Spiegel told TechCrunch yesterday. Snapchat is a popular app that lets users send disappearing photo messages. There are 350 million photos shared per day on Snapchat. Given that Spiegel says he's spoken with Facebook CEO Mark Zuckerberg multiple times, the statement is surprising. It's well known that Spiegel and Zuckerberg met in 2012, right before Christmas and just a few weeks before Facebook came out with a direct Snapchat competitor called Poke. Poke sat on top of the Apple App Store for a day before it was brushed off as a Snapchat clone. It'd be easy to think that Zuckerberg had offered to buy Snapchat then, but Spiegel says that wasn't the case. (He also says that while he and Zuckerberg have talked, they don't Snapchat with each other). "It's certainly scary when a giant enters your space," Spiegel told TechCrunch writer Jordan Crook about the Poke launch. "It really showed that the Snapchat community is special. It was fun to see all the Snapchatters around the world be like, 'Come on man!' So that was great. We now talk about [Poke] as the greatest Christmas present we ever got." The fact that Snapchat hasn't had any formal offers is also surprising given that it recently raised a $60 million round of financing. It's often the case that when startups raise money, acquisition offers roll in. That's what happened to Instagram. Immediately after it closed a $50 million round of funding Facebook swooped in with a formal acquisition offer. During Snapchat's last round of financing, the founders reportedly took multiple millions off the table too, making them independently wealthy despite what happens to the company in the future. Investors let some founders do this to keep them focused on building a long-term business rather than a buy out with an immediate payout. Acquisition offers sometimes prompt investors to do this. Spiegel's statement doesn't mean Snapchat has never had buyout discussions. It might just mean Spiegel hasn't been given any paperwork to sign or turn down. More: Snapchat Facebook Acquisition Startups TechCrunch Disrupt facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 1 All Comments 3 Apply To Be An "Insider" » Loading Snapchat: 'We Have Not Received Any Formal Acquisition Offers' Snapchat: 'We Have Not Received Any Formal Acquisition Offers' It's surprising, given that its CEO has spoken with Mark Zuckerberg multiple times. 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Bleacher Report To Be Sold For $200 Million -- Report - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Four High School Friends May Be Celebrating Their Startup's ~ $200 Million Acquisition Today Alyson Shontell Aug. 6, 2012, 10:31 AM 9,048 2 facebook linkedin twitter email print Bleacher Report, one of the largest sports sites on the web, has been acquired by Turner Media, AllThingsD's Peter Kafka reports. The two have been in talks for a few months now. In April we reported that Turner looked at Bleacher Report and walked away. In June, AllThingsD reported a $200 million acquisition between the two was likely. AllThingsD says the deal was finished on Friday and will be announced today. A Sports Business Journal reporter, Eric Fisher, tweeted that the deal was closer to $175 million. Bloomberg reports the acquisition price is also under $200 million. Bleacher Report was founded by four high school friends and life-long sports fans in 2006, Bryan Goldberg, Dave Finocchio, Zander Freund and Dave Nemetz. Three are still at the company in VP roles; Freund left in 2009. But Brian Grey, Bleacher Report's CEO, is really behind this acquisition. He joined Bleacher Report from Fox Sports Interactive and was formerly GM of Yahoo! Sports. Drew Atherton is Bleacher Report's CFO and Rich Calacci is its CRO. According to ComScore, Bleacher Report has about 9 million monthly uniques. Other sources have reported between 22 and 25 million visitors per month and 550 million pageviews. While the traffic sounds a little low for a $200 million sale, its revenues are impressive. A source told us Bleacher Report was on track to generate $30-40 million this year. In addition, Turner may be looking to fill the sports void from SI.com*, Kafka points out. It recently gave up control of the property to Time Inc. *Update: We originally wrote that Turner recently gave up control of both SI.com and PGA.com to Time Inc. Only SI.com went back to Time Inc. Turner still manages PGA.com;  The PGA Tour took over its own site. More: Turner BleacherReport facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 2 Apply To Be An "Insider" » Loading Four High School Friends May Be Celebrating Their Startup's ~ $200 Million Acquisition Today Four High School Friends May Be Celebrating Their Startup's ~ $200 Million Acquisition Today It looks like the Turner/Bleacher Report deal is complete and will be announced today. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Microsoft Acquires Opalis Software - Business Insider Login   Login Username Password Remember me Forgot username or password? Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register SAI Home Tech SAI Enterprise Science Microsoft Makes Fun Of The iPad In Its Best Windows 8 Ad Yet Microsoft Makes Fun Of The iPad In Its Best Windows 8 Ad Yet 500 New Cloud Apps Come Online Everyday And This Startup Protects Companies From The Onslaught Why Orange Juice Tastes Horrible After You Brush Your Teeth Finance Clusterstock Your Money Japan's Breathtaking 7% Plunge Is The Worst Since The Fukushima Disaster Japan's Breathtaking 7% Plunge Is The Worst Since The Fukushima Disaster Amazon Vs. Costco: Which Is Better For Buying In Bulk? 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Email Zip From To Email Sent! You have successfully emailed the post. Microsoft Acquires Opalis Software Nicholas Carlson | Dec. 11, 2009, 9:56 AM | 5,663 | 1 Email More Share on Tumblr Tweet Email Share on Tumblr   The Deal reports that Microsoft will today announce it has acquired Opalis Software, "a venture-backed maker of IT process automation technology." Terms were not disclosed. In early October, Opalis put out a relase touting a 104% increase in license bookings. From that release: Key Q309 Deals The largest U.S. municipal hospital and health care system serving over 1.3 million people, licensed Opalis to automate the self healing process by integrating IBM Tivoli Netcool, Microsoft Operations Manager, BMC Event Manager and BMC Remedy. U.S. based global outsourcer with revenue over $16 billion placed significant follow on orders with Opalis to integrate CA Service Desk and EMC Infra and automate change, configuration and incident processes across their systems. Europe’s leading provider of IT infrastructure services with revenues over £2.5 billion placed follow on orders with Opalis for several enterprise customers to automate user provisioning, virtual lifecycle management, and incident management by integrating Microsoft Active Directory and BMC Remedy service desk. Case Studies - Opalis customers continue to celebrate success with Opalis, click here for more information. Global Bank Improves Virtual Service Delivery From Hours To Minutes With over 35,000 employees and $320 billion of assets, this highly diversified financial service provider uses Opalis to eliminate the cost associated with virtual server sprawl and improved service delivery from 2 hours to 2 minutes. Using Opalis, the bank created a VM management portal that automates five critical processes associated with requests, provisioning, decommissioning, backup, and lease expiry of VMware virtual machines. Opalis is used to track the machines assigned to various projects and the storage consumption of the virtual server. This enables IT staff to determine where storage is being used and identify which virtual machines are no longer needed. The automated lease expiry also allows the IT staff to notify users when their VMs will be decommissioned. Automating these processes removed the need to perform manual audits. The largest provider of driver and vehicle assistance services in North America This industry leading automotive services organization uses Opalis to connect and discover information within target systems, share that information across a publish and subscribe data bus and take action based on complex triggers and conditions. This allows the IT team to drive new business and innovation through automation. Opalis was selected over the competition because of its intelligent decision making capability and flexible process branching, as well as its ability for non-developers to design and implement process automation. Global Managed Service Provider Standardizes & Automates Best PracticesThis U.S. based consulting, technology services and outsourcing firm is a Fortune Global 500 company with more than 100,000 employees operating around the world. To retain market leadership and strong competitive position, they standardized best practices using Opalis. They increased revenue through delivery of new services, reduced level 1, 2 and 3 support costs and were able to improve customer experience and satisfaction. Data center costs are reduced between 20-40%, while 70% of level 1 incidents are solved automatically. There is also a 50% reduction of level 2 incidents. In addition to the superior ROI capabilities, Opalis was chosen over HP, BMC, IBM because Opalis can dynamically adapt to run context specific processes across multiple locations. Opalis also automatically detects changes such as new fields or assets in the environment, initiate multiple workflow branches and monitor for events in systems without adding agents. Online Phonebook Company Improves Customer Satisfaction & Time to Revenue The U.S. based publisher has been a customer of Opalis for several years. With Opalis, they integrate IT tools like Microsoft System Center Configuration Manager (SCCM), Tivoli Storage Manager, and BMC Service Desk Express. In addition to reducing cost and risk while improving IT operational outcomes, they also use Opalis to automate critical business processes. Automation directly improves their revenue stream and customer satisfaction. “We cut down the time it took to post new content from days to minutes, significantly improving our revenue stream with Opalis. What’s more, we redeployed a number of people to new roles. “We did reduce costs via outsourcing but nothing like the way we reduced costs with this latest use of Opalis,” Steve J., Director of IT Operations. Recommended For You Please follow SAI on Twitter and Facebook. Follow Nicholas Carlson on Twitter. 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Another Big Exit For NY Startups: SinglePlatform Gets Acquired For $100 Million By Constant Contact - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Another Big Exit For NY Startups: SinglePlatform Gets Acquired For $100 Million By Constant Contact Alyson Shontell Jun. 13, 2012, 7:54 AM 29,075 5 facebook linkedin twitter email print Scott Britton via TwitterSinglePlatform employees are celebrating in the office right now.SinglePlatform has been acquired for $100 million by small business marketing tools company, Constant Contact. Constant Contact has over 500,000 paying small business customers and 1,060 employees. SinglePlatform helps local businesses get their menu items and storefronts online. It has more than 10,000 customers paying $495 per year. The deal is $65 million in cash; another $10-30 million is tied to revenue goals over the next two years. SinglePlatform will be keeping its name and service and it will continue to operate out of its NYC office in Battery Park. Its founder and CEO, Wiley Cerilli, is now a Vice President at Constant Contact and will report to Constant Contact's CEO, Gail Goodman. Every SinglePlatform employee, more than 60 people, is receiving cash and stock as part of the acquisition. About $5 million in cash and stock is being used for employee retention. All of SinglePlatform's employees will join Constant Contact's team. "We had been approached by a number of companies who wanted to acquire us," Cerilli tells us. "But we poured our heart and soul into building out the team and we really wanted to find a partner who would help us do the right thing for everyone here."  Cerilli and Joel Hughes, Constant Contact's Senior VP of Strategic Corporate Development, tell us the acquisition talks have been underway for two months. The companies were connected by SinglePlatform's rockstar business development executive, Kenny Herman. Herman ended his honeymoon early so he could be back for the acquisition announcement this morning. "We had some knowledge of each other prior, but about two months ago we got serious about exploring a deeper relationship," Hughes explains.  "The relationship has grown quite rapidly. We're thrilled and we think SinglePlatform can really help our small business clients, who are always looking for opportunities to reach beyond their current customer bases." SinglePlatform was founded by Cerilli in 2010 and it has only raised about $5 million in venture capital. The exit is a huge win for Cerilli and his investors, First Round Capital, RRE Ventures, New World Ventures, Gunderson Dettmer, DFJ Gotham and Seamless founder Jason Finger. SinglePlatform was very close to finishing a Series B round of financing for about $15 million when the acquisition opportunity struck. No new money was raised though, says Cerilli. "I think it's a natural point for a business that, when you're raising, acquirers come along.  We've been hockey stick growth for a while but we're rendering into a new phase, and this acquisition is the best move overall for the people at SinglePlatform," he says. "We can make a bigger impact on small businesses with Constant Contact." Prior to founding SinglePlatform, Cerilli was an early employee at online food ordering company, SeamlessWeb. We asked Cerilli what it feels like to sell your company for $100 million.  He replied, "It's such a surreal experience to have started the business and have this team form the way it has.  I just feel super fortunate.  It's a dream come true.  This partnership is going to help millions of small businesses.  It's crazy, I'm trying to breathe in these moments." The office is currently celebrating with a lot of hugs and a lot of tears -- all of them happy, says Cerilli. Cerilli sent out a message to employees and close friends this morning. In it he said: "In my last company wide email I referenced part of Sheryl Sandberg's speech that she recently gave at the HBS graduation.  During the speech, she described her hesitations in accepting a job offer with Google, which vanished when Eric Schmidt, the company's former CEO, told her, 'Don't be an idiot. Get on a rocket ship. When companies are growing quickly and they are having a lot of impact, careers take care of themselves.  If you are offered a seat on a rocket ship, don't ask what seat, just get on.'  Well, SinglePlatform has been offered a front row seat on a larger and faster rocket ship, and we have decided to jump on board." Here are some pictures of SinglePlatform's office today, in celebration mode: Kenny Herman/SinglePlatformSinglePlatform executives (CEO and founder Wiley Cerilli is on the far right). Kenny Herman/SinglePlatformCerilli addressing the team about the acquisition. Kenny Herman/SinglePlatform More: SinglePlatform facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 5 Apply To Be An "Insider" » Loading The Bleachers Show Comments THATS A FAILURE -- SELLING FOR JUST $100 M -- THATS A FUNDING ROUND on Jun 13, 12:55 PM said: FAIL ! DUMPED on Jun 13, 2:47 PM said: WHY DID THEY DUMP THE COMPANY IF IT WAS DOING WELL? I GUESS NO EXITS FOR THE EMPLOYEES NOT MUCH MONEY THERE Another Big Exit For NY Startups: SinglePlatform Gets Acquired For $100 Million By Constant Contact Another Big Exit For NY Startups: SinglePlatform Gets Acquired For $100 Million By Constant Contact We spoke with founder and CEO Wiley Cerilli. "It's such a surreal experience. I'm trying to breathe in these moments." 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Surviving After Acquisition - Business Insider Strategy BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. How To Survive At A Big Company After You Get Acquired Seth Goldman, Inc. Jan. 3, 2013, 1:31 PM 806 facebook linkedin twitter email print Instagram/fabulosoCan a mission-driven enterprise accelerate impact within a larger corporation? It's been almost five years since The Coca-Cola Company first invested in Honest Tea, and nearly two years since Coke purchased the remaining portion of Honest Tea. With a new year  and the publication of our third annual mission report, Keeping It Honest 2012, it's the perfect time to make some observations about what makes the relationship work. First of all from a business perspective, the impact of the Coca-Cola partnership has been dramatic. Our sales have grown more than fourfold as Honest Tea has expanded its availability from 15,000 stores and restaurants in 2008 to more than 100,000 outlets today. But beyond the basic business metrics, there are a few guiding principles that help ensure our mission-driven business is thriving within the larger corporation. 1. Don't change the core of the product, but feel free to improve upon it. There was some speculation when Coca-Cola invested in Honest Tea, that we would seek shortcuts--like making our tea with a concentrate or a powder instead of brewed tea leaves. Instead Coke invested several million dollars to help us design, develop, and install elaborate tea-brewing systems on both coasts. Each brew system produces clearer, tastier tea, with higher yields (which save water and waste). In the same vein, I'm encouraged to see new energy over at Seventh Generation, an early innovator in green cleaning products. After undergoing a CEO transition (always a shaky moment for a mission-driven enterprise) their new leader, John Replogle, has championed an innovative cardboard laundry detergent bottle that helps the brand reclaim some of its pioneering mojo. 2. Make sure there's authentic brand energy. At Honest Tea, the lifeblood of our brand is still managed out of Bethesda, where the company started. While I can't guarantee the Maryland address will always remain on our bottle (though we recently embossed our Bethesda origins on the base), it is critical that there are people thinking about our brand who are steeped in our history, our mission, and our own way of doing things. I recall a chilling conversation I once had with one of the early employees of Nantucket Nectars who lamented the website for his acquired brand once depicted a cruise ship, even though boats that large aren't allowed in Nantucket harbor. 3. Keep innovating. We're still not afraid to bring out new and different products--some with more success than others. Our Honest Kids line has flourished with new flavors and packaging to the point where that business now represents more than a third of our total sales. And yet despite that success, we recently reformulated the entire line by eliminating the organic cane sugar and sweetening only with fruit juice. Then there's 2011's Honest CocoaNova, which was discontinued within twelve months. But that failure hasn't dampened our taste for innovation--we've just made a big bet on tulsi--(also known as holy basil) and are committed to sharing this delicious herbal brew with our customers. Next month we will be dipping our toes into entirely new (bubbly) waters when we launch Honest Fizz, a carbonated line of zero-calorie beverages. 4. Keep the mission top of mind and hold yourself accountable to it. Our newly published Keeping It Honest 2012 focuses the lens on our three key impact areas--health, organics/sustainability and economic opportunity. Health - Across our product lines, the weighted average calories of our drinks is 5 calories per ounce. We have seen exciting growth with some of our zero calorie drinks, such as Just Green Tea. But we also have seen some offerings, such as our Zero-calorie Lemonade struggle to gain traction. Organic purchases - Our annual organic purchases have grown fivefold--from 790,000 pounds of organic ingredients in 2007 to over 4 million pounds this year, which require more than 3,624 acres of dedicated organic farmland. Fair Trade - Before Coca-Colas investment, we offered nine varieties of Fair Trade bottled tea but today all of our 19 teas are Fair Trade Certified.Our purchases of Fair Trade ingredients has grown from 72,000 pounds in 2007 to 325,000 in 2011. The $112,000 premiums we paid in Fair Trade funds help create economic opportunity for grower communities--providing better roads and electricity, schools, buses, vaccines, and other benefits. But in some ways the best way to measure our impact is by bottles sold because as long as we continue to make our products lower sugar, organic, and Fair Trade certified, then the more we sell, the more impact we are having on diets, agriculture, and working conditions in the developing world.Most importantly, any serious discussion of a company's impact shouldn't be a cheerleading document. It is important to note progress, but almost more important to acknowledge shortcomings--the mile markers behind us tell us where we've been--but the potholes help prepare us for the journey ahead. Read more: The Devil Is in the Details Changing the Look, Not the Brand I Love You, You’re Fired  This story was originally published by Inc.    Read the original article on Inc.. Copyright 2013. 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TechCrunch's sources say Amazon acquired - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Apr. 18, 2013, 9:57 AM AS 24 facebook linkedin twitter email print TechCrunch's sources say Amazon acquired a Siri-like app, Evi, for $26 million. It's another sign that an Amazon smartphone could be on the way. -- AS facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading TechCrunch's sources say Amazon acquired TechCrunch's sources say Amazon acquired TechCrunch's sources say Amazon acquired a... Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Thanksgiving Store Countdown to Black Friday - Deals of the Week The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Newsletter Preferences My Subscription FAQs Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech How Amazon CEO Jeff Bezos reinvented The Washington Post, the 140-year-old newspaper he bought for $250 million Eugene Kim 2016-05-15T12:55:21Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Amazon CEO Jeff Bezos. AP A lot of people were surprised when Amazon CEO Jeff Bezos bought The Washington Post for $250 million in 2013. At the time, The Post was a legacy media company facing years of decline, while Bezos had no prior experience in the newspaper business.But in less than three years, Bezos has completely changed the outlook of the 140-year-old newspaper. Its readership has exploded, and its content has become more suitable for the digital world.Here's a look back at how Bezos revitalized The Washington Post since taking over less than three years ago: Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions. An earlier version of this article failed to disclose this in an editorial error. Bezos initially wasn't sure if he wanted buy the Post. But after a couple meetings with former owner Don Graham, Bezos became intrigued. Amazon CEO Jeff Bezos REUTERS/Rick Wilking Source: The Wall Street Journal “I didn’t know anything about the newspaper business … But I did know something about the internet," Bezos told Business Insider in a 2014 interview. "That, combined with the financial runway that I can provide, is the reason why I bought The Post.” Michael Seto/Business Insider Source: Business Insider In fact, Bezos liked the opportunity so much that he didn't do any due diligence and just signed the first $250 million offer sheet that came from Graham. Kevork Djansezian/Getty Images Source: Fortune Bezos isn't involved in setting The Post's editorial direction at all. But he's taken a more hands-on approach on the business and technology sides to reinvent the paper as a "media and technology company." Amazon CEO Jeff Bezos AP Photo/Reed Saxon Source: AFP Under Bezos, The Post has revamped its website and mobile apps. It also created software called "Arc," which gives better analytics and marketing features for the publication. Washington Post Source: AFP That's helped it take a more data-driven approach. It now employs common web strategies like "A/B testing" to track how different headlines and story framings affect readership for each story. It also created a program that takes articles from other publications and asks readers which ones they'd rather read. Amazon CEO Jeff Bezos speaks at a news conference in front of a graphic showing the rise in sales of Kindle books during the launch of Amazon's new tablets in New York, September 28, 2011. REUTERS/Shannon Stapleton Source: Bloomberg The Post now has a growing team of 700 staff members, including an engineering team that nearly tripled over the past two years. Bezos says The Post's engineering team rivals "any team in Silicon Valley." Flickr/ Andrew Eland Source: AFP It's also hired a bunch of new editors and reporters lately. It now publishes 1,200 articles a day. Its content varies from breaking news and long features to fun photo slideshows like this one. Washington Post Source: The Wall Street Journal Its content-distribution strategy also involved a lot of social media, like Facebook and Twitter. It also offered discounts to Amazon Prime members, while making The Washington Post app pre-installed on Amazon's Fire tablets. Amazon founder Jeff Bezos holds the new Amazon tablet called the Kindle Fire on September 28, 2011 in New York City. The Fire, which will be priced at $199, is an expanded version of the company’s Kindle e-reader that has 8GB of storage and WiFi. The Fire gives users access to streaming video, as well as e-books, apps and music, and has a Web browser. In addition to the Fire, Bezos introduced four new Kindles including a Kindle touch model. Spencer Platt/Getty Images All this has translated to higher traffic. The Post surpassed The New York Times in US unique web visitors in October 2015. BI Intelligence Source: BI Intelligence Bezos continues to be very involved with The Post's operations. He holds one-hour conference calls with executives every two weeks, and brings them into Seattle twice a year for longer meetings. Amazon CEO Jeff Bezos AP Photo/Phelan M. Ebenhack Source: Bloomberg Because of its affiliation with Bezos, The Post says it's now finding it a lot easier to recruit engineers. Bezos has also instilled a much stronger culture of customer obsession. Post execs often receive reader complaint emails forwarded by Bezos. Amazon founder Jeff Bezos. Chip Somodevilla/Getty Images Source: Bloomberg Bezos's impact on The Post is clear. He's revitalized its growth and turned the culture into a more tech-focused organization. But more than anything, Bezos brought a sense of confidence to a team that was getting hit by competition. One former managing director described Bezos' arrival as "all of a sudden Michael Jordan is coming to your team.” Amazon CEO Jeff Bezos AP Photo/Ted S. Warren Source: Bloomberg Newsletter Start your day with the biggest stories in tech. Sign up for 10 Things in Tech. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: 22 charts that show the incredible growth of Amazon Prime More: Features Jeff Bezos Amazon Washington Post Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Follow us on: * Copyright © 2021 Insider Inc. All rights reserved. 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Plaid Moves Further Into Payments With March Acquihire of Flannel Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Plaid quietly acquired a startup founded by 2 Robinhood alums in March, hinting at plans to push further into payments Shannen Balogh and Melia Russell 2021-06-14T20:54:24Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Zach Perret, cofounder and CEO of Plaid Plaid This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Plaid is pushing deeper into payments with an acquihire and a slew of new partnerships. Plaid acquired Flannel, a fintech building payments APIs, in March.  Plaid has announced several partnerships in payments this year, including with Square, Railsbank, and Paysend. The competition for engineering talent is fierce, even for fintech darlings like Plaid, which is in the midst of an aggressive hiring push. In March, the fintech quietly made a talent acquisition — often called an 'acqui-hire' — of Flannel, a payments-focused startup recently co-founded by two former Robinhood engineers, Insider has learned. Arpan Shah and Hongxia Zhong, who have worked together for years, founded Flannel in the fall of 2020. Shah and Zhong were both early engineering hires at Robinhood, joining in 2015 and leaving in September 2020, according to their LinkedIn profiles. Shah started at Robinhood as an engineer, eventually taking on leadership roles and becoming head of data platforms and data products. He's now part of engineering leadership at Plaid.Zhong was a senior engineering manager at Robinhood, developing its back-end infrastructure, including payments, and its KYC and onboarding flows. Zhong is also an engineering manager at Plaid.Flannel was focused on building application programming interfaces (APIs) for new ways of moving money, such as real-time payments as well as OCT, a way to send money to a credit or debit card. It raised seed funding from investors including Accel, Susa, and Index Ventures (also an investor in Plaid). Its four-person team of engineers are now working in engineering and infrastructure at Plaid, with a few focused on payments use cases.Before Robinhood, Shah and Zhong were software engineering interns at Google and both attended Stanford, where they earned undergraduate and graduate degrees."We were impressed with their knowledge about data infrastructure and fintech, and they've been great additions to our engineering and infrastructure teams," a Plaid spokesperson told Insider.Flannel's focus was on payments, a growing area for PlaidWhile Plaid's original focus was serving as the piping between fintechs and banks, offering both sides a way to access the data needed to move money, its ambitions have expanded.This year it has announced a slew of new partnerships aimed at getting more involved in different parts of the payments process. In May, Plaid announced its partnership with Square to power bank account payments for its business customers. Plaid is also starting to get involved deeper in the movement of money internationally, as well. Its payments initiation API enables money movement between bank accounts for Railsbank in the UK, and cross-border money transfer service Paysend.Plaid's potential in payments offerings was cited by the Department of Justine in its antitrust lawsuit aiming to block Visa's planned $5.3 billion acquisition, announced in January 2020. The DOJ said that Plaid's ability to facilitate bank account-based payments could pose a threat to Visa'a massive debit-card business, and Visa's acquisition was an attempt to squash Plaid as a competitor.While Visa maintained that the lawsuit was "legally flawed," Visa and Plaid called off the acquisition in January 2021.In April, Plaid raised a $425 million Series D, which valued the fintech at $13.4 billion, more than double what Visa planned to pay in early 2020. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: WATCH: Executives from JPMorgan and BNY Mellon tell fintech founders the best ways to partner with large banks More: Plaid Fintech Payments Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Romney's Goal For The Companies Bain Acquired: 'Harvest Them At Significant Profit' - Business Insider Finance BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Romney's Goal For The Companies Bain Acquired: 'Harvest Them At Significant Profit' Robert Reich Sep. 28, 2012, 6:54 AM 2,442 25 facebook linkedin twitter email print Robert Reich Robert Reich is one of the nation’s leading experts on work and the economy, is Chancellor’s Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. Recent Posts Why Netflix new paternity leave policy is a sham Robert Reich: America is shockingly bad at stopping cartels that... Why The Government Spends More Per Pupil At Elite Private... ROMNEY’S GOAL FOR THE COMPANIES BAIN ACQUIRED: “HARVEST THEM AT SIGNIFICANT PROFIT” Here’s a video of Romney in his early years at Bain, explaining his purpose in  acquiring companies was to “harvest them at significant profit.” No one should be surprised. After all, Bain Capital wasn’t in the business of creating jobs. It was in the business of creating profits. The two goals aren’t at all the same — as  Americans whose jobs have been eliminated or whose wages and benefits have been cut know all too well. For years, higher corporate profits have come at the expense of fewer jobs and lower wages. Business leaders and financiers have been “harvesting” like mad, leaving most Americans behind in the dirt.   Romney’s main selling point to voters is his so-called “business experience.” Yet America can’t afford this sort of “business experience” in the White House. To the contrary, we need someone who doesn’t see the economy as profits to be harvested, but as people who need more and better jobs. In 2012 that person is Barack Obama, not Mitt Romney. Read more posts on Robert Reich » More from Robert Reich: WHY THE SHARING ECONOMY IS HARMING WORKERS – AND WHAT MUST... Five Prerequisites for War Against ISIS The Perils of Circus Politics More: Mitt Romney Private Equity facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 25 Apply To Be An "Insider" » Loading Romney's Goal For The Companies Bain Acquired: 'Harvest Them At Significant Profit' Romney's Goal For The Companies Bain Acquired: 'Harvest Them At Significant Profit' The wrong kind of business experience. Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Finance Emails & Alerts Sign-Up Learn More » Finance Select Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Vanguard Closes First Ever Acquisition to Make Direct Indexing Push Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Vanguard tackles democratizing direct indexing with its first acquisition Victor Chatenay 2021-07-15T12:25:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Vanguard closes first ever acquisition with Just Invest. Moving into direct indexing enhances its value propositions. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. The global asset manager acquired Just Invest, an asset management technology provider that lets industry players offer direct indexing, per PR Newswire. This is Vanguard's first ever acquisition. With direct indexing, investors own the individual stocks in the index outright. Insider Intelligence What is direct indexing? Traditional index investing involves asset managers like Vanguard giving investors access to mutual funds or ETFs that replicate the performance of a specific index, like the S&P 500 or FTSE 100.But with direct indexing, investors own the individual stocks in the index outright rather than holding a fund's shares. As a result, investors can pick and choose stocks within the indices to more closely match their investment goals.Why is it difficult to offer direct indexing? Direct indexing has traditionally only been available to the wealthy because they can afford direct, broad stock exposure and the increased fees associated with more customization.But tech advancements like Just Invest's large-scale data analysis and quantitative algorithms automate this level of customization without increasing operational costs. This, in combination with fractional shares, makes it cheaper and easier to offer direct indexing to a wider pool of investors.Why acquire direct indexing capabilities? Investors are increasingly seeking out more customizable offerings like direct indexing, creating user acquisition opportunities for incumbents.Index investing has been a successful product for incumbents—Vanguard, BlackRock, and State Street control up to 90% of the US indexing market. These players are now acquiring the tech to roll out direct indexing in hopes of cornering that market too, which is expected to become widespread—BlackRock bought direct indexing pioneer Aperio for $1.05 billion in November.Moving into direct indexing enhances their value propositions in two key ways:Greater personalization. Using direct indexing, an investor could, for example, pick exposure to the S&P 500 but exclude any stocks within the index that go against their goals or ethics, such as corporations with large carbon footprints. This can help mitigate greenwashing seen with index investing, where investors leave it to asset managers' arbitrary views on what constitutes green stocks.Tax optimization. Investors can offset capital gains taxes from winning stocks by selling the individual losing stocks, also known as "tax-loss harvesting."Want to read more stories like this one? Here's how you can gain access:Join other Insider Intelligence clients who receive Fintech forecasts, briefings, charts, and research reports to their inboxes each day. >> Become a ClientExplore related topics more in depth. >> Browse Our CoverageCurrent subscribers can access the entire Insider Intelligence content archive here. Loading Something is loading. Unlock this article from Insider Intelligence! 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Google Acquires SocialDeck, Another Casual Gaming Company Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Google Acquires SocialDeck, Another Casual Gaming Company Nick Saint 2010-08-30T19:11:27Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Google has acquired SocialDeck, a mobile gaming startup, the company just announced.This is just the latest of a series of acquisitions in the social space for Google, which appears to be buying the talent it needs to launch its Google Me network. Details on Google's plans for Me are still thin on the ground, but Google is clearly paying a lot of attention to casual gaming. The company recently invested $100-$200 million in FarmVille developer Zynga, spent $228 million on Slide and its founder Max Levchin, and another $70 million on payments platform Jambool.That's a lot of money to throw at gaming in particular, but it's good to see that Google realizes it needs to shop for new talent if it wants to make a serious play in social networking. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Startups Online Google Zynga Facebook Social/Casual Gaming Slide Max Levchin Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Microsoft Shutting Down $280 Million Acquisition - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Email Zip From To Email Sent! You have successfully emailed the post. Microsoft Shutting Down $280 Million Acquisition Jay Yarow | Oct. 8, 2010, 4:55 PM | 3,290 | 4 Email More Share on Tumblr Tweet Email Share on Tumblr Associated Press  Microsoft is shutting down Massive, an in-game ad company it acquired for about $280 million in 2006, MediaWeek reports. Microsoft was trying to sell the company but it couldn't find any buyers. In game advertising didn't end up being the big business Microsoft hoped. Massive was also doing work with EA at the time of the acquisition. EA ended up doing its own ad work and didn't need Massive. Another problem -- the Xbox team didn't play nice with Massive, says MediaWeek: ...according to sources, Massive’s ad sales efforts were never fully integrated within the Xbox team. In fact, at the time of the acquisition, several Xbox executives were said to be against the deal, but ex-Microsoft executive Cory Van Arsdale and other members of the company’s business development team had pushed hard to buy Massive, citing the fast-growing interest in the gaming space among brands. Recommended For You Please follow SAI on Twitter and Facebook. Follow Jay Yarow on Twitter. 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More » Recent Posts About Microsoft Microsoft Is Courting New Developers, But Some Existing Ones Are Still Fuming Over Its Windows 8 Decisions Why Microsoft's Stock Is At A Five-Year High Even Though The PC Business Is Imploding Microsoft's Internal Attack Video Against Google Chrome Is 'Leaked' Jay Yarow is a Senior Editor at The Business Insider Contact: e-mail: jyarow@businessinsider.com Work Phone: 646-376-6037 Subscribe to his RSS feed | twitter feed View his Google+ profile Ask Jay a Question Recent Posts CHART OF THE DAY: The Faceb... This is a great list of all... Why Microsoft's Stock Is At... Comments on this post are now closed. The Water Cooler Insiders 0   All Comments 4   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » Microsoft Shutting Down $280 Million Acquisition Microsoft Shutting Down $280 Million Acquisition Massive, an in-game advertising business, didn't work out. Welcome, ! 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Monster Misses In Apple Beats Acquisition - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Here's An Interview With The CEO Who Missed Out On The $3.2 Billion Apple-Beats Deal Jillian D'Onfro May 11, 2014, 10:27 AM 20,531 3 facebook linkedin twitter email print Getty / Tim WhitbyMonster's Noel and Kevin Lee See Also Apple's virtual assistant Siri just got more competition on the iPhone Apple could be planning big changes to the MacBook Air in 2016 People are asking Apple to reveal a key specification for the iPad Pro's stylus Apple is in negotiations to buy Beats Electronics, the audio company that's known for its pricey Beats By Dre headphones, for an astounding $3.2 billion.  Although you've undoubtedly seen the large, trendy headphones a time or two, you may never have heard of Monster, the audio company responsible for creating them. Last year, Gizmodo's Sam Biddle wrote an exclusive story about how Monster inked a deal that cut it completely out of the company in 2011 when Beats sold a 51% stake to HTC. Because of those negotiations, Monster will see absolutely nothing from the Apple deal, even though Monster's Noel and Kevin Lee designed and developed the very first pair of Beats headphones and did the engineering and technology distribution for the company's first five years. Business Insider talked to Monster's CEO Noel Lee about how he felt upon first hearing the news about this new potential acquisition.  "The immediate reaction was, what a deal for Jimmy and Dre!" Lee said. "We're very happy that they recieved such a high valuation. And I'm thinking of what that means for Monster's valuation." Even after the split from Beats in 2011, Monster continued to create headphones, including its latest product line called Pure Monster Sounds. Lee said that it has spurred him to think that maybe Monster should be looking for a partnership with a company like Apple.  "That technology that we designed for Beats, that Beats still uses now, it's a little dated, in my opinion, and in the opinion of a lot of people on the internet," Lee said. "Our latest technology takes the enjoyment of music to the next level. So I think that this deal could shine a light on that."  For example, Pure Monster Sounds headphones sound less bass-heavy than Beats headphones do, Lee said. Ultimately, he said although that he has no regrets about Monster's partnership with Beats, he does wish that his company had gotten more out of the relationship.  "I feel that we weren't recognized," he said. "We got erased from the history of Beats. We were the founders. Most of the public has only heard a one-sided story and they're not even aware of Monster's participation. And they're not aware that we've gone onto bigger and better things."  In a nutshell, here's how Monster made what Biddle called one of the "all time worst deals" in tech history: Noel Lee, an audiophile and an engineer, started Monster in his family's basement in 1979, making speaker cables that produced superior sound. The company expanded into HDMI cables, surge protectors, and other audio products. Kevin Lee, Noel's son, joined in the business, and after Monster's attempt at making high-end speakers flopped, they decided to try to start making headphones.  While the headphone prototypes were in the works, Kevin flew out to LA to find pop star partners for a proprietary high-definition audio format Monster was working on. There, he met Jimmy Iovine from Interscope records. Not long after, Iovine and Dr. Dre approached Monster about making electronics and the Lees, who had just experienced a failure with speakers, convinced them that headphones were the way to go.  But Monster had no idea how to handle itself when making a contract. Kevin had no business experience besides working at Monster and was sent to try to work something out alone. Interscope made a lowball offer that Monster couldn't accept, so the company lost the deal. That is, until six months later when Interscope came back to the Lees after a failed partnership with SLS Audio.  Take two went as sloppily as take one. Kevin built an entire headphone product line before any partnership was even inked, spending millions of Monster's money without telling his dad. Because of all the money he'd spent, Kevin knew he had to seal some sort of deal, so he signed a complicated contract that would give Iovine and Dr. Dre permanent ownership of anything that Monster developed.  Although Beats Electronics denies that Monster had any role in the industrial or audio design of the headphones, the Lees maintain that Beats had no engineers and that they made the headphones possible. (Gizmodo has a picture of the first product tested by Dre).   When HTC bought part of Beats in 2011, Monster lost its patents, trademarked designs, the name ... everything. Monster was out for good.  That means the company will see nothing from this potential $3.2 billion acquisition.  You can read the whole piece on Gizmodo here.  More: Apple Beats Electronics Monster facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. 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13 Companies Cisco Could Buy to Beat Rising Competitors Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Cisco is reportedly eyeing a Splunk acquisition. Here are 12 other startups analysts say it could buy to fend off competitors Aaron Holmes Updated 2022-02-14T17:47:54Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Cisco CEO Chuck Robbins. AP Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Cisco is using acquisitions to help it grow beyond its core business amid cloud adoption. Analysts named 13 companies that Cisco could acquire to stay competitive. They could help the enterprise-tech giant expand its security, collaboration, and data businesses. See more stories on Insider's business page. Cisco is facing a rising tide of competition from all sides — and going on a buying spree may be its best defense.The enterprise-tech giant has pursued major acquisitions in recent years, and is reportedly eyeing another. The company recently made a bid to acquire big data firm Splunk for more than $20 billion, according to a Wall Street Journal report, citing people familiar with the matter.Cisco remains dominant in its core market of computer networking equipment for corporations, is a top supplier in areas like security and videoconferencing/collaboration, and is now charging for its software on a subscription basis.But cloud computing, where companies rent services from others' data centers instead of building their own, is a major threat to Cisco and it's facing a growing field of competitors in nearly all of the markets in which it operates.Rising threats like Cloudflare and Palo Alto Networks are heavyweight competitors in both network infrastructure and security, while classic competitors like Arista and Juniper Networks remain popular choices with the cloud and telecom service providers.Cisco has always been big on acquisitions to fill its technology gaps, and CEO Chuck Robbins says this will remain a key strategy. In an August 2020 earnings call Robbins named cloud security, collaboration, and enterprise automation as targets. In May he told investors that subscription software is also a big focus, to generate more recurring revenue for the company."We have seen, just over the last few years, continued acceleration in our software business. Every acquisition we do, that's the business model," Robbins said.In interviews with Insider, analysts named the companies Cisco could acquire next to bolster its business and stave off competitors. Several are smaller startups in line with recent Cisco purchases, while others are long shot, expensive deals that would cost tens of billions. A Cisco spokesperson declined to comment.Do you work at Cisco? Got a tip? Contact this reporter securely via email at aholmes@businessinsider.com or via the encrypted-messaging app Signal at 706-347-1880 using a nonwork phone. Splunk Doug Merritt, the CEO of Splunk. Splunk Cisco recently offered Splunk more than $20 billion to acquire the company, The Wall Street Journal reported. But those talks aren't currently active, the newspaper said.As a leader in data analytics, Splunk could help bolster Cisco's push into big data. The firm, with a current market cap of $22 billion, helps security and IT teams crunch large datasets gleaned from their company's networks in order to analyze their performance. Led by CEO Doug Merritt, a former Cisco marketing exec, Splunk could accelerate Cisco's attempts to capture more data.Cisco SVP Jeetu Patel told Insider in April that Cisco is already working to gather more data from its massive customer base in order to strengthen its security products."You have to be a data company in addition to being a software company to make this happen," Patel said. Guardicore Pavel Gurvich is the CEO of Guardicore. Guardicore Guardicore, an Israeli startup that's raised an estimated $100 million from investors including Cisco itself, helps companies protect their cloud and data centers against ransomware attacks.It uses segmentation, tech that makes it harder to take over an entire network and is increasingly replacing the traditional firewalls that have long been a Cisco offering. So buying Guardicore could help boost Cisco's cloud security offerings."What's leading the charge within the Cisco security business is not necessarily the firewall side anymore," said Jim Fish, director and senior research analyst at Piper Sandler. Ayla Networks Ayla Networks cofounder and CTO Adrian Caceres YouTube Ayla Networks offers a platform that lets companies keep track of internet-connected devices across their networks.It's business spans both hardware and software-as-a-service, which could make it an appealing acquisition target for Cisco's growing IoT aspirations, anchored by its $1.4 billion acquisition of Jasper Networks in 2016.Ayla has raised an estimated total of $141 million from investors including Cisco, according to Pitchbook, and its last estimated valuation was $270 million in 2017.  PagerDuty PagerDuty CEO Jennifer Tejada PagerDuty With its cloud-based platform that lets IT teams monitor and respond to issues with their networks, PagerDuty strings together both IT operations and cybersecurity.It's the type of service that fits right into Cisco's recently acquired security, operations, and analytics firms. And PagerDuty, at a $3.5 billion market cap, could even provide the tech that helps Cisco stitch many of these offerings together.Cisco is "cobbling together a lot of things that they're acquiring," said Alex Henderson, a senior analyst at Needham. "Having a single platform integrated across all of the functionality matters." Box Box CEO Aaron Levie. Steve Jennings/Getty Images Cisco is pushing into the collaboration and work-from-anywhere market following the success of its Webex video conferencing software amid the pandemic.Buying Box, with a current market cap of $3.6 billion, could be a logical next step as it continues that push, given the firm's focus on enterprise-grade cloud sharing tools. But Box may be a tougher acquisition target than it once appeared — while the company was reportedly under pressure from an activist investor to seek a buyer last year, it has since received a $500 million investment from KKR, making a buyout less likely in the immediate future. MessageBird Robert Vis, founder and CEO of MessageBird MessageBird Cloud collaboration startup MessageBird fits the mold of the type of company Robbins said Cisco wants to acquire. MessageBird offers software that lets companies talk to users through text, live chat, email, or other means. It counts Facebook, Uber, and WhatsApp as clients and is valued at $3.8 billion.Buying MessageBird would help Cisco reach more developers, who are increasingly the ones choosing what software to include in apps."Cisco's really good at building relationships with enterprises — the CSO, the CTO, and even the CEO," Henderson said. "But the CIO or CTO with gray hair aren't making the purchasing decisions anymore. It's the coder with the orange hair drinking Mountain Dew in his grandma's basement." LivePerson YouTube With its AI-powered customer service chat software, LivePerson, at a market cap of about $4 billion, offers yet another service Cisco could integrate into its collaboration and call center software.LivePerson could help Cisco's goal of generating new recurring revenue streams from enterprise customers "in an increasingly online world," wrote Piper Sandler's Fish in an investors note. Nutanix Nutanix CEO Rajiv Ramaswami Nutanix As a leader in cloud storage and computing, Nutanix could help Cisco capture more of the small and medium businesses that are flocking to cloud infrastructure over on-premise.Nutanix previously turned down a $4 billion acquisition offer from Cisco in 2015, CRN reported, and now, as a public company, has about an $8 billion market cap. If Cisco acquired it, both companies could better take on their bitter rival VMware."When we're looking at Cisco's acquisition strategy ... as we move to a cloud platform oriented model, you need to have the basic fundamental positioning right from the get-go," Henderson said. Darktrace Darktrace CEO Poppy Gustafsson. Julian Dodd/Management Today Darktrace, one of the rising stars of the security world, offers a cybersecurity "AI immune system" that monitors company's networks and flags suspicious activity.The company, with a market cap of about £5 billion ($6.9 billion) could help Cisco build out its automated enterprise security software SecureX.Security accounts for less than 10% of Cisco's revenue, but was its fastest-growing business as of last quarter, drawing in more than $3 billion in 2020 as Cisco's other businesses faced declines in revenue.  Elastic Elastic With its lucrative search software that's licensed as-a-service, Elastic could help Cisco's goal of growing its software revenue to supplement its core hardware business.Elastic, with a current market cap of about $13 billion, also markets its product primarily to developers, a segment that's missing from Cisco's current portfolio."The world is becoming software-led," said Fish, who identified Elastic as a potential Cisco acquisition target. "Cisco needs to accelerate their software transformation." Akamai Akamai cofounder and CEO Tom Leighton Kyle Russell/Business Insider Akamai offers a content delivery network — or a web of servers and data centers across the globe — to big companies including major banks and tech giants, including Cisco.With the increasing adoption of edge computing and cloud security, it could be in Cisco's best interest to acquire Akamai in order to take over its CDN real estate.There's also a spiking demand for Akamai's services as internet usage rises globally. CEO Tom Leighton said the traffic the firm handles increased by a third in the first month of the COVID-19 pandemic alone, and the firm's market cap has since risen to over $19 billion. Okta Okta CEO Todd McKinnon Okta As a rising star in the security industry, Okta could be a strategic, albeit pricey, acquisition for Cisco. Okta has a market cap of over $33 billion.Okta offers an identity verification platform, an increasingly valuable sector of cybersecurity and is itself gobbling up smaller competitors like Auth0. Its product already integrates with Duo, the identity tool that Cisco acquired for $2.35 billion in 2018.Should Robbins want to go for a big, industry-shaking acquisition to leapfrog its position in cloud security, Fish believes Okta would be a bold choice.  Cloudflare Cloudflare CEO Matthew Prince Mike Blake/Reuters Another industry-shaking acquisition acquisition target for Cisco would be Cloudflare, with its market cap of $35 billion.CloudFlare is a major player in both web infrastructure and web security and is increasingly competing head-to-head against Cisco.For instance, Cisco recently launched a content delivery network product to more directly compete with Cloudflare. Meanwhile, Cloudflare offers cyber protection for corporate websites, competing with Cisco's Umbrella product."CloudFlare is absolutely having an impact on Cisco's business," Fish said. "It's right in their fiscal wheelhouse." Get the latest Cisco stock price here. Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Tech Enterprise Cisco m&a Analysts Features Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. 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With Motorola Acquisition, Lenovo Wants to Put Its Smartphone Business on the Global Stage Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Insider Intelligence With Motorola, Lenovo Becomes The World's Third Largest Smartphone Manufacturer Tony Danova 2014-01-30T20:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Pending regulatory approval, China's Lenovo will acquire Motorola Mobility from Google for about $3 billion. The deal will help Lenovo expand its already rapidly growing global handset business. Lenovo's smartphone business has taken off quickly. Consider these statistics: The company shipped almost 14 million smartphones in the fourth quarter of 2013, according to IDC data. That's good enough to make Lenovo the fourth-largest handset vendor in the world for the fourth quarter with a 4.9% shipments share, behind only Samsung, Apple, and fellow Chinese manufacturer Huawei. The impressive quarter capped a watershed year for Lenovo's mobile business — Lenovo shipped 45.5 million handsets during 2013 for 92% year-over-year growth. That's faster growth than any of the other top five smartphone vendors.Here's another perspective on Lenovo's meteoric rise in smartphones: consider that in twelve quarters since the first quarter of 2011, Lenovo's smartphone shipments have grown an average of 150% per quarter.Motorola's handset business, on the other hand, has been struggling. Google has not really been able to revive it since its acquisition of Motorola closed in mid-2012. Motorola's smartphone business peaked at roughly 5.5 million shipments in the second quarter of 2012 and has been on a steep decline ever since.For the first three quarters of 2013, Motorola posted massive year-over year shipments declines of over 50%. So why is Lenovo interested in a has-been brand of hardware? First, let's simply look at the potential boost in shipment terms. We estimate Motorola shipped about 2.2 million handsets in the fourth quarter, accounting for about 24% of its annual shipments. That would bring Motorola up to 9.1 million smartphones shipped for all of 2013. The combined handset business of Motorola and Lenovo shipped out about 16.1 million handsets in the fourth quarter, and 53.5 million in all of 2013. That would help Lenovo leap ahead of LG and Huawei into a solid third place globally with about 5.3% market share. Click here to download the chart and data in ExcelWe can pinpoint a few other reasons why Motorola would tempt Lenovo:Lenovo plans to keep the Motorola brand, Chairman Yang Yuanqing told the Wall Street Journal. The strong Motorola brand will help Lenovo gain instant market share in the United States and Latin America, and Lenovo might push the Motorola brand in Asia, too. Lenovo first expanded outside China in late 2012 with a move into regional markets, including Indonesia and Vietnam. Lenovo is currently the top PC maker in the world, but that's a dubious pole position since PCs are a dying market. Lenovo is clearly keen to diversify even further than it already has. A few days ago, the company announced a restructuring plan that would split its two business divisions into four, including one division newly dedicated to mobile. The deal will give Lenovo a beneficial cross-licensing agreement for access to Google's patents. Lenovo's CFO Wong Wai Ming said this is crucial in today's smartphone market, where intellectual property is hotly contested.Finally, let's remember that Lenovo took a chance on IBM's loss-leading PC business in 2004 only to then make it the third-largest PC maker in what was already an ultra-competitive PC industry. Lenovo PCs succeeded in the United States and globally. Lenovo proved able to market its brand in the U.S. There's no reason why it can't replicate this success with smartphones. The smartphone market has become incredibly difficult. The industry is increasingly focused on managing costs in order to squeeze a margin from aggressively priced hardware. "The smartphone market is super competitive, and to thrive it helps to be all-in when it comes to making mobile devices," said Google CEO Larry Page, when he explained the deal. "It’s why we believe that Motorola will be better served by Lenovo."When it comes to smartphones, it seems Lenovo is truly "all-in." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. 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3 Healthcare Acquisitions Amazon Might Make in 2023 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Healthcare 3 deals Amazon could make to take its healthcare ambitions to the next level Rebecca Torrence 2023-01-04T14:08:31Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Amazon CEO Andy Jassy. Amazon has been building out its healthcare segment for the past few years, adding services from pharmacy to primary care. REUTERS/Mike Blake This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Amazon dug deeper into healthcare in 2022, making moves in primary care and consumer health. Analysts think Amazon will keep building out its healthcare business in 2023 with new deals. The analysts said Amazon could buy startups in behavioral health, data analytics, and chronic care. Amazon has been pushing steadily into healthcare for years.But in 2022, the retail giant made a splash — and analysts expect it to keep making waves in 2023.The company bought the primary-care provider One Medical for $3.9 billion in July, proving Amazon's commitment to its healthcare business as one of its biggest acquisitions ever. The next month, it abruptly announced it would shut down Amazon Care, its app-based primary-care service for employers, three years after launch.In November, Amazon launched Amazon Clinic, a virtual service where patients can pay Amazon directly to get treatment for common conditions like allergies and acne. Natalie Schibell, a vice president and research director at Forrester, said that was a sign Amazon had learned from its mistakes at Amazon Care."They're moving quickly," Schibell said. "Their shutdown of Amazon Care wasn't a sign of failure — it was a strategic move towards going directly to the consumer."Amazon is in a position now to keep building its healthcare business. Experts think Amazon could notch deals in three key areas in 2023, including behavioral health and chronic care, to keep up its momentum.Amazon told Insider it does not comment on rumors or speculation.Mental healthAdding behavioral-health services to Amazon's newly acquired primary-care business could be the natural next step for the company, experts told Insider. In fact, Amazon had already planned to dip its toe into the mental-health market in 2022.Amazon's original vision was to provide on-demand access to therapists and psychiatrists both employed directly by Amazon and in partnership with the behavioral-health provider Ginger, which merged with Headspace in 2021.When Amazon shuttered Amazon Care, it put those mental-health ambitions on hold. The SVB Securities senior research analyst Stephanie Davis said she thought Amazon would have to make an acquisition for that venture to be successful."They have that ick factor of a therapist working directly for Amazon, versus working for a known brand that patients have positive trust associations with," she said.Both Schibell and Davis said they thought Amazon would seek out a company that sells its mental-health services directly to consumers, since that's where the retail giant has historically excelled.Acquiring Neuroflow, a startup that creates software to integrate behavioral-health care into primary care, could allow Amazon to automate some aspects of mental-health care, said Alexander Lennox-Miller, CB Insights' lead analyst in healthcare IT. Neuroflow's platform has clinical-decision support tools for providers and supports patients with automated check-ins and self-care activities. Neuroflow didn't respond to a request for comment. Sopa Images Health data analyticsWith its hundreds of millions of customers across its businesses, Amazon has access to countless health-related data points it could use for its healthcare business, Schibell said.She thinks Amazon Web Services' healthcare solutions, which offer cloud services that can help healthcare organizations with tasks like pulling data from medical text and creating machine-learning models, will be where Amazon starts."They can leverage AWS's dozens of data centers and ultimately move the needle on value-based healthcare," Schibell said. "It's just a matter of scaling responsibly across the country and contending with some fierce competitors."Lennox-Miller said Amazon could buy health data startups the company had already invested in, like the health-equity-focused Harmony Health or the value-based-care data company Clinify Health. Harmony Health and Clinify Health didn't respond to requests for comment.Both Harmony Health and Clinify Health have tools that could transform the wealth of data Amazon already has access to, which Lennox-Miller thinks could be a selling point for the retail company."What they really need is the ability to synthesize a swath of healthcare data into meaningful metrics and meaningful datasets," Lennox-Miller said.Or, if Amazon wanted to make a bigger purchase, Lennox-Miller said, it could go after the healthcare-analytics company Health Catalyst, which went public in 2019. Amazon launched Amazon Clinic in 2022 as part of its push into healthcare. Amazon Chronic careAmazon could try to make a dent in the $3.2 billion US chronic-care market in 2023 by building out its specialty care services for chronic conditions, Schibell and Lennox-Miller said.Amazon's most recent healthcare buy, One Medical, has some chronic-care services already, which use a care-team approach to treat conditions like diabetes and heart disease. Biofourmis CEO Kuldeep Singh Rajput started the company in Singapore in 2015. Biofourmis Lennox-Miller said Amazon could go for Biofourmis, which uses remote patient-monitoring technology to manage a variety of chronic conditions from home, as well as acute and post-acute care, with software powered by artificial intelligence."They have the combination of chronic-care services and their devices," Lennox-Miller said. "If Amazon was to go in the direction of one of their big-splash buys, that's what they would look for."Biofourmis' CEO, Kuldeep Singh Rajput, told Insider the startup was positioning itself for an initial public offering in the next two to three years — but said Biofourmis would consider getting acquired by the right partner."If an opportunity arises where there are strategic partnerships in a way where we could accelerate our growth and the number of patients we impact, certainly we would take a look at it," he said. "In the short term, we're heads-down focused on growth of the business."Schibell agreed that Amazon was likely to go beyond One Medical's primary-care services in 2023 to dig deeper into specialty care.Its main challenge, Schibell said, will be acquiring practices to expand across the country, augmenting what it's able to do with virtual care with physical locations as well.That's where Walmart currently has a competitive advantage, she said — Amazon's biggest retail competitor has thousands of stores, including many in rural areas with chronically ill populations that have diminished access to care. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: Expect Amazon to make a surprising acquisition in 2018, says CFRA Amazon Neuroflow More... Read next Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Google Likely Acquired Artificial Intelligence Startup To Improve Image Search http://www.businessinsider.com/it-seems-google-acquired-that-ai-startup-to-improve-image-search-2014-1/comments en-us Sat, 28 Nov 2015 18:06:07 -0500 Sat, 28 Nov 2015 18:06:07 -0500 Cooper Smith http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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Jack Dorsey's Square Buys Tidal for $297M, Jay-Z Joins Board Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Jack Dorsey's Square is buying a majority stake in Jay-Z's music-streaming platform Tidal for nearly $300 million Grace Dean and Allana Akhtar 2021-03-04T13:24:17Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Twitter CEO Jack Dorsey REUTERS/Anushree Fadnav Square is buying a majority stake in Tidal, Jay-Z's music streaming platform, for nearly $300 million. The move is set to bring Jay-Z to Square's board of directors. Digital-payments processor Square was set up by Twitter co-founder Jack Dorsey in 2009. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Jack Dorsey's digital-payments processor Square is buying Tidal, Jay-Z's music streaming platform, for nearly $300 million, the companies announced Thursday.The move is set to bring Jay-Z to Square's board of directors.Square said it was buying a majority stake in Tidal for $297 million through a mix of cash and stock.Dorsey said Square would work with artists to grow their fanbases through simple integrations for merchandise sales, new listening experiences, and "complementary revenue streams." The Twitter executive thanked Jay-Z for his leadership and vision for TIDAL, and added he will help lead Square and Cash App and Seller by working on Square's board. "TIDAL started with the idea of honoring artists by being artist-owned and led, focused on an uncompromised experience of the art. It's refreshing and right," Dorsey said in a tweet. "The vision only grows stronger as it's matched with more powerful tools for artists, inclusive of new ways of getting paid."Jay-Z bought Tidal in 2015 for $56 million and proceeded to debut exclusive releases on the platform, such as Beyonce's "Lemonade" album in 2016. But the platform has struggled to keep up with players like Spotify, Insider's Kate Canales reported."Based on current information, Square does not expect TIDAL's financial results to have a material impact on Square's consolidated revenue or gross profit in 2021," the company said in a press release. —jack (@jack) March 4, 2021 Dorsey had reportedly been in talks to buy TIDAL in December. Dorsey and Jay-Z had previously partnered to start a bitcoin endowment, which would develop the cryptocurrency in India and Africa. "Jack is one of the greatest minds of our times, and our many discussions about TIDAL's endless possibilities have made me even more inspired about its future," Jay-Z said in a tweet Thursday morning. "This shared vision makes me even more excited to join the Square board."Dorsey, who is also the CEO and co-founder of Twitter, set up Square in 2009. The fintech provides point-of-sale payment options to small and medium-sized businesses, and this week set up its highly anticipated industrial bank.TIDAL's platform has 70 million songs and 250,000 videos, along with original podcasts and curated playlists, per a release.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: 9 artists who are taking calligraphy to the next level Square Tidal Jack Dorsey Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Enterprise More: Cloud Computing Oracle Salesforce.com How Oracle Thumbed Its Nose At Salesforce By Acquiring Eloqua Julie Bort Dec. 21, 2012, 11:20 AM 3,581 4 Email More Share on Tumblr Tweet Email Share on Tumblr APLarry Ellison  One of the things Oracle bought on Thursday when it acquired Eloqua for $871 million was an in with a lot of Salesforce.com's customers. BMO Capital Markets analyst Karl Keirstead, believes that half or more of Eloqua’s customers are also Salesforce.com customers. That's an interesting advantage for Oracle who is 1) trying to keep Salesforce from poaching customers from its Siebel software unit and 2) trying to snare Salesforce customers onto it's own new cloud. Oracle CEO Larry Ellison insisted that he's doing just that, telling Wall Street analysts on Tuesday, "We're getting good wins against Salesforce." Keirstead believes that Salesforce might turn around and acquire a competitor to Eloqua. That would be similar to how the two companies made back-to-back acquisitions of social media management companies. Oracle bought Vitrue for $300 million in May and a few days later Salesforce grabbed Buddy Media for over $800 million. Keirstead tossed around Marketo and HubSpot as possible targets by Salesforce. Eloqua is a cloud service that helps companies automate and evaluate their marketing tasks from email campaigns to social media. It went public in August, with an IPO share price of $11.50 and was trading at about $17 before Oracle bought it for a 30% premium of $23.50 per share. Oracle plans to use Eloqua as the centerpriece of a new cloud module it will call Oracle Marketing Cloud, execs said. Even that is a dig at Salesforce, which earlier this year introduced what it calls its Social Marketing Cloud, a unit that combines Buddy Media with another company it acquired, Radian6. 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