MOUNTAIN VIEW — Intuit, best known for TurboTax, QuickBooks and Mint software, has agreed to acquire Credit Karma, the consumer financial platform offering free credit scores and over 100 million members in the U.S., Canada and U.K., for up to $7.1 billion in cash and stock. Credit Karma is based in San Francisco and had nearly $1 billion […]
Deals
Shape Security Sells to F5 for $1 Billion Cash
SANTA CLARA – Seattle-based F5 Networks is buying Silicon Valley-based Shape Security for $1 billion in cash. Shape Security is privately held while F5 trades on the Nasdaq Stock Market. Shape protects the largest banks, airlines, retailers, and government agencies with sophisticated bot, fraud, and abuse defense. Shape’s speciality is defending against credential stuffing attacks, […]
PayPal Devours Honey for $4 Billion
SAN JOSE — PayPal Holdings, Inc. is buying Honey Science Corporation, a rapidly-growing technology platform for shopping and rewards, for approximately $4 billion. Honey, based in Los Angeles, will transform the shopping experience for PayPal’s consumers while increasing sales and customer engagement for its merchants. Founded in 2012, Honey is a popular discovery tool that […]
Google Buying Fitbit for $7.35 Per Share
SAN FRANCISCO — Fitbit, Inc. maker of smartwatches and fitness devices, said it will be acquired by Google LLC for $7.35 per share in cash, valuing the company at $2.1 billion. Fitbit stock rose more than 15 percent on the news to close at $7.14 per share on Friday. News of a potential Fitbit-Google deal […]
Broadcam Buys Symantec Name, Security Business for $10.7 Billion
MOUNTAIN VIEW — Cyber security company Symantec Corp. is selling its Enterprise Security assets, which include the Symantec name, to Broadcom Inc., for $10.7 billion in cash. The transaction, which was approved by Symantec’s Board of Directors, is expected to close before the end of the calendar year pending regulatory approvals. Symantec said it would […]
Cisco Buying Mountain View’s Voicea
SAN JOSE — Cisco said it will acquire privately-held Voicea, a voice software firm headquartered in Mountain View. The amount of the deal wasn’t disclosed. Cisco was an investor in the company along with Google, Salesforce, Workday, Battery Ventures and GGV Capital. Voicea is the creator of a real-time solution that provides meeting transcription, voice […]
Doordash Gobbles Up Caviar for $410 Million
SAN FRANCISCO — DoorDash, the nation’s largest food-delivery service, has struck a deal with Square to acquire its Caviar delivery platform for $410 million in cash and DoorDash preferred stock. Caviar was bought by Square in 2014 and serves 28 major metro regions across the U.S. including San Francisco, the Peninsula and the East Bay. […]
NVidia to Buy Mellanox for $6.9 Billion
NVIDIA announced it will acquire Sunnyvale and Israeli-based Mellanox for $125 per share in cash or a total value of $6.9 billion. The acquisition will unite NVIDIA’s computing platform and Mellanox’s networking technology that helps power over 250 of the world’s TOP 500 supercomputers. The combined companies have as customers every major cloud service provider […]
Eero Bought by Amazon
SAN FRANCISCO — Tech giant Amazon has agreed to buy SF-based home WiFi specialist eero for an undisclosed amount. eero’s home mesh WiFi systems set up in minutes and blanket every room of a customer’s home in high-performing, reliable WiFi. eero is already highly recommended by Amazon customers with its products and services, as indicated […]
Finisar Bought for $3.2 Billion
SUNNYVALE — Finisar, maker of optical cables and components, has been sold to II-VI Incorporated, a leader in engineered materials and optoelectronic components based in Pennsylvania. II-VI will acquire Sunnyvale-based Finisar in a cash and stock transaction with an equity value of approximately $3.2 billion. Under the terms of the merger agreement, Finisar’s stockholders will […]
Oracle Snaps Up GoBalto
Oracle is buying goBalto, a company that delivers cloud solutions to clinical drug trials by streamlining and automating the selection and set up of the best performing clinical research sites to conduct trials. Terms of the deal weren’t disclosed. San Francisco-based goBalto’s study startup solutions are activated at over 90,000 research sites across 2,000+ studies […]
LinkedIn Buys Glint
SUNNYVALE — LinkedIn, the Internet’s leading professional business network and a division of Microsoft, has agreed to purchase Redwood City-based Glint for at least $400 million according to CNBC. Glint is a leader in employee engagement. It delivers an enterprise-grade platform designed to help organizations do their best work, develop their skills, and improve business […]
PayPal Pays $400 Million for Hyperwallet
SAN JOSE — PayPal Holdings is opening up its wallet to buy San Francisco-based Hyperwallet, a leading global payout platform, for $400 million in cash. The purchase of Hyperwallet enhances PayPal’s payout capabilities, improving the company’s ability to provide an integrated suite of payment solutions to ecommerce platforms and marketplaces around the world. According to […]
LiveAction Buys Savvius
PALO ALTO — LiveAction, a provider of IT network management, visualization, and analytics software has acquired Savvius, a developer of packet-capture and analytics appliances and forensic software solutions. Terms of the deal were not disclosed. The acquisition enables Savvius, based in Walnut Creek, CA, to accelerate the development of their renowned Omnipliance, Omnipeek, and Insight products […]
Square Rounds Up Weebly for $365 Million
SAN FRANCISCO — Square, Inc. has agreed to acquire Weebly, a San Francisco–based technology company that lets customers easily build a professional website or online store. Square will pay a mix of cash and stock of approximately $365 million, which includes Square restricted stock units for Weebly’s founders and employees that will vest over four […]
Francisco Partners Buying Verifone for $3.4 Billion
SAN JOSE, Calif. & SAN FRANCISCO — Private equity firm Francisco Partners is buying Verifone Systems, a leader in payment and commerce solutions, for $23.04 per share in cash or $3.4 billion. The deal is being made by an investor group led by Francisco Partners and including pension fund British Columbia Investment Management Corporation (“BCI”). […]
Shutterfly Closes Lifetouch Deal
REDWOOD CITY — Shutterfly, a leading provider of personalized photos and gifts online, has closed an $825 million acquisition of Lifetouch, the national leader in school photography. The company financed the acquisition with the proceeds of an $825 million incremental term loan facility, which closed simultaneous with the acquisition. “We are thrilled to welcome Lifetouch […]
Salesforce Buys MuleSoft for $6.5 Billion
SAN FRANCISCO — Salesforce, a leader in customer relationship software, has agreed to buy MuleSoft (NYSE: MULE) for approximately $6.5 billion. Both companies are based in San Francisco. MuleSoft provides one of the world’s leading platforms for building application networks that connect enterprise apps, data and devices, across any cloud and on-premise. More than 1,200 […]
American Express Buys Mezi App
American Express has acquired Mezi www.mezi.com, a personal travel assistant app based in Sunnyvale that helps consumers plan and book trips. The Mezi app allows travelers to simply message their requests for flights, hotel or restaurant reservations, and Mezi provides recommendations and makes travel arrangements at the customer’s request. Terms of the purchase weren’t […]
Intuit Buying TSheets for $340 Million
MOUNTAIN VIEW –Intuit Inc. has agreed to acquire TSheets, an Idaho company that operates a platform that small and medium businesses, self-employed, and accountants use to automate time tracking and scheduling for them and their workers. Intuit will pay about $340 million in cash for the company. By acquiring TSheets, Intuit and Quickbooks help […]
Intuit Buys Sales Tax Calculator Exactor
MOUNTAIN VIEW — Intuit Inc. has agreed to acquire Exactor, a cloud-based SaaS technology provider of sales and use tax calculation and filing. Exactor is based in Philadelphia. Terms of the purchase weren’t released. Intuit plans to integrate Exactor technology into QuickBooks Online making it easy for its retail customers to accurately track and […]
Cisco Buys Broadsoft for $1.9 Billion
SAN JOSE and GAITHERSBURG, MD – Cisco plans to acquire publicly-held BroadSoft, Inc., based in Gaithersburg, MD, for $1.9 billion in cash or $55 per share. The acquisition has been approved by the board of directors of each company. BroadSoft is a leader in Cloud Calling and Contact Center solutions. Shares in Broadsoft were up […]
Mastercard Expands Partnership With PayPal
PURCHASE, NY – Mastercard has announced a significant expansion of its longstanding partnership with digital payment provider PayPal into Canada, Europe, Latin America and the Caribbean and the Middle East and Africa. The deal will offer greater customer choice and make Mastercard a clear payment option within PayPal across the globe. With the addition of these markets – and […]
Itron Buying Silver Spring Networks for $830 Million
LIBERTY LAKE, WA. & SAN JOSE — Itron, Inc. has agreed to buy Silver Spring Networks for $16.25 per share in cash. The deal is valued at $830 million, net of $118 million of Silver Spring’s cash. This represents a premium of 25 percent to Silver Spring’s closing share price on Sept. 15, 2017, the […]