Zuora is reportedly considering a sale and other options after more than one company expressed interest in acquiring it. The subscription management software provider is working with an investment bank to conduct discussions with potential buyers, Reuters reported Wednesday (April 17), citing unnamed sources. There is no certainty...
Private equity group Apax Partners will acquire HR/payroll software firm Zellis from Bain Capital. “Zellis is a recognised leader in the payroll and HR software market, a sector that we know well from previous Apax Fund investments, including Paycor,” Apax Partner Roy Mackenzie said in a news release provided to PYMNTS Monday...
Salesforce is reportedly in advanced negotiations to purchase data-management software provider Informatica. The talks were the subject of a Friday (April 12) Wall Street Journal (WSJ) report, citing sources familiar with the matter. The report said Informatica has a market capitalization of more than $11 billion after a...
Automattic, the company behind WordPress and WooCommerce, has acquired Beeper, a “universal messaging app” that combines 14 chat networks in one inbox. The company will combine Beeper with Texts, a messaging app that Automattic acquired in 2023, Automattic said in a Tuesday (April 9) blog post. “We began investing in messaging...
Spendesk has acquired Okko to integrate procurement and spend management for mid-sized businesses into its existing spend management platform. With this acquisition, Spendesk advances its strategy of integrating procurement services that meet the needs of larger companies, the firms said in a Tuesday (April 9) press release....
Data security firm Entrust has finalized its purchase of identity verification company Onfido. “With this completed acquisition, Entrust now provides the industry’s most comprehensive portfolio of AI-powered, identity-centric security solutions,” the company said in a news release Tuesday (April 9). Entrust did not disclose the terms of the deal, which...
Restaurant management platform Restaurant365 finalized its acquisition of ExpandShare. The deal gives the company access to a learning management system designed to help restaurants deliver and track training content, according to a Tuesday (April 9) press release. “Guest satisfaction is paramount to restaurant success, and the main driver for both...
Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast Asia, the company said in a Tuesday (April 9) press release. Empower provides alternative credit underwriting and financial products for underserved...
Stord has acquired ProPack Logistics to expand its fulfillment network throughout the United States and Canada. ProPack, which provides fulfillment services for the nutrition and supplement product industry, has six temperature-controlled warehouses across North America, the companies said in a Friday (April 5) press release. These facilities complement Stord’s...
