Mergers & Acquisitions

Boston, United States – PTC announced that it has signed a definitive agreement to acquire ServiceMax for approximately [$1.46 billion (€1.42 billion)] in cash on a debt-free, cash-free basis from an entity majority owned by Silver Lake. ServiceMax is a provider in cloud-native, product-centric field service management (FSM) software.

Fremont, United States – Penguin Solutions, an SGH brand that provides HPC, AI, and IoT technologies for edge, core, and cloud, is announcing that its Penguin Computing group has acquired all software and intellectual property assets of Colorado Code Craft and welcomed Colorado Code Craft employees to the Penguin Computing team.

McLean, United States – NextNav Inc., a provider of GPS and 3D geolocation, announced that it acquired Nestwave SAS, a privately held global provider in low-power geolocation, for an enterprise value of [$18.0 million (€18.42 million)] with a gross consideration value of [$19.3 million (€19.75 million)], consisting of [$4.3 million (€4.40 million)] in cash and

Milpitas, United States – SMART Global Holdings, Inc., announced that it has completed its previously announced acquisition of Stratus Technologies, a global provider in simplified, protected, and autonomous computing solutions in the data centre and at the Edge.

Siemens Smart Infrastructure (SI) has completed the acquisition of Brightly Software, a U.S.-based software-as-a-service (SaaS) provider of asset and maintenance management solutions. The acquisition elevates SI to a position in the software market for buildings and built infrastructure. It adds Brightly’s well-established cloud-based capabilities across key sectors – education, public infrastructure, healthcare, and manufacturing –

02 August, 2022 – Camarillo, United States , & Vancouver, Canada – Semtech Corporation, a global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc., a Internet of Things (IoT) solutions provider, announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for [$31 per

Irvine, United States. 29 July, 2022 – Telit, a global provider in the Internet of Things (IoT), and Thales (Euronext Paris: HO), a global provider in aerospace, defence, security & digital identity, have agreed that Telit is to acquire Thales’ cellular IoT products. The intended transaction includes Thales’ portfolio of cellular wireless communication modules, gateways, and data

Wireless Logic Group, a European IoT connectivity platform provider, has acquired Matooma, the Montpellier, France-based IoT connectivity specialist which is said to have grown rapidly since its inception in 2012.

Tyler Technologies, Inc. announced that two of its data platforms, entellitrak and Socrata Connected Government Cloud, are listed on the United Kingdom’s G-Cloud 11 Digital Marketplace.

Aspen Technology, Inc., a global provider of asset optimisation software, has signed an agreement to acquire Mnubo Inc., a Montreal-based provider of purpose-built artificial intelligence (AI) and analytics infrastructure for the Internet of Things (IoT). Mnubo enables industrial companies to assemble and deploy AI-driven IoT applications quickly, at enterprise scale.

IBM and AT&T announced a multi-year strategic alliance. Under the agreement AT&T Communications will use IBM’s expertise to modernise AT&T Business Solutions’ internal software applications, enabling migrations to the IBM Cloud.

Digital Twin Market size is set to exceed US $20 billion (€17 billion) by 2025; according to a new research report by Global Market Insights, Inc.

Lyceum Capital has been in the news lately. On 16 August, www.IoTGlobalNetwork.com reported that the company was an investor in customer contact specialist Sabio, which has amassed a €35 million warchest. CEO, Andy Roberts told the website exclusively what the company would spend it on. One week later, Lyceum was back in the headlines announcing

Atlanta, Munich, Berlin – Sharecare, a digital health and wellness engagement platform founded by Dr. Mehmet Oz and Jeff Arnold, has acquired Feingold Technologies, a developer of innovative technologies that analyse and understand human mindsets and behaviours.