Acquisitions

Acquisitions
Shift4 Acquires Majority Stake in Vectron, Completes Purchase of Revel
June 14, 2024

Shift4 has acquired a majority stake in Vectron Systems, a supplier of point-of-sale (POS) systems to the restaurant and hospitality verticals in Europe. This acquisition is expected to provide Shift4, a provider of integrated payments and commerce technology, with a customer footprint across Europe, a...

Acquisitions
Intuit to Acquire Zendrive to Expand Usage-Based Auto Insurance
June 13, 2024

Intuit plans to acquire technology and add employees from Zendrive to accelerate the development and adoption of Karma Drive, a telematics-powered, usage-based auto insurance product offered by Intuit business unit Credit Karma. The transaction is expected to close in the fourth quarter of fiscal year...

Acquisitions
Stake Expands Rent Collections Capabilities With Circa Acquisition
June 13, 2024

Stake has acquired Circa to help reduce delinquencies and arrears in the rental economy by offering both rent incentives and collections management. This acquisition, which was completed earlier in June, adds Circa’s free payment processing and success-based collections management to Stake’s loyalty, renter banking services...

Acquisitions
Epicor Adds Product Information Management Capabilities With Kyklo Acquisition
June 12, 2024

Epicor acquired Kyklo to further its aim of providing businesses with “easy-to-use, practical, outcome-focused and responsible AI.” The acquisition will add Kyklo’s product information management (PIM) and content-driven lead generation solutions to Epicor’s industry-specific enterprise software, the companies said in a Wednesday (June 12) press...

Acquisitions
Yext to Expand Digital Marketing Platform With Hearsay Systems Acquisition
June 10, 2024

Yext plans to acquire Hearsay Systems, saying the move will create a single digital marketing platform to power the customer journey and accelerate brands’ conversion of prospects into loyal customers. The acquisition will add Hearsay Systems’ compliant engagement solutions across social media, websites, text and...

Acquisitions
Federal Reserve Approves VersaBank Acquisition of Stearns Bank; OCC Up Next
June 07, 2024

VersaBank received one of two U.S. regulatory approvals it needs to proceed with its previously announced proposed acquisition of Stearns Bank Holdingford. The Federal Reserve announced its approval of the bank’s application Thursday (June 6). The other U.S. regulatory approval VersaBank needs is from the...

Acquisitions
OneRail Expands Omnichannel Fulfillment Solution With Orderbot Acquisition
June 05, 2024

OneRail has acquired Orderbot, saying the combination creates “a new era of streamlined omnichannel fulfillment.” The deal adds Orderbot’s inventory and order management capabilities to OneRail’s last-mile operating system and delivery network, the companies said in a Wednesday (June 5) press release. “Integrating Orderbot into...

Acquisitions
SAP to Add No-Code Digital Adoption Platforms With WalkMe Acquisition
June 05, 2024

SAP plans to acquire WalkMe to add that company’s digital adoption platforms (DAPs) and expand its own solutions that help customers on their digital transformation journeys. The two companies entered into a definitive agreement for the acquisition, and subject to customary closing conditions, the acquisition...

Acquisitions
Databricks to Acquire Tabular to Enhance Data Compatibility
June 04, 2024

Data and artificial intelligence (AI) company Databricks has agreed to acquire data management company Tabular, which was founded by Ryan Blue, Daniel Weeks and Jason Reid. This move aims to bring together the original creators of the open-source lakehouse formats Apache Iceberg and Linux Foundation...