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Softbank sells Open Opportunity Fund to Black and Latino executives

TechCrunch: M&A

The Japanese conglomerate is selling the Open Opportunity Fund to its chairman Paul Judge, and Marcelo Claure, who's being appointed as vice chairman and general partner. © 2023 TechCrunch. All rights reserved. For personal use only.

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Bugcrowd, the crowdsourced white-hat hacker platform, acquires Informer to ramp up its security chops

TechCrunch: M&A

On the heels of raising $102 million earlier this year, Bugcrowd is making good on its promise to use some of that funding to make acquisitions to strengthen its security chops.

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BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018

TechCrunch: M&A

Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million a significant discount from the $1.4 billion BlackBerry paid to acquire the startup in 2018. All rights reserved. For personal use only.

IT 273
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FTC sues PE fund and its portfolio company, signaling continued and growing focus on PE funds and roll-up acquisitions

JD Supra: Mergers

On September 21, 2023, the Federal Trade Commission (FTC) filed a groundbreaking complaint in federal court against PE fund Welsh Carson and its portfolio company, U.S. Anesthesia Partners (USAP), making good on its promise to ramp up enforcement against PE funds and roll-up acquisitions. By: Allen & Overy LLP

Portfolio 188
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Snyk acquires Helios to bolster its AppSec platform

TechCrunch: M&A

Snyk, the well-funded developer-focused security company, today announced that it has acquired Helios, a Tel Aviv-based startup that helps developers troubleshoot and understand their microservices in production.

IT 255
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OpenAI buys Rockset to bolster its enterprise AI

TechCrunch: M&A

The Rockset buy fits into OpenAI's broader recent strategy of investing heavily in its enterprise sales and tech orgs. © 2024 TechCrunch. All rights reserved. For personal use only.

IT 322
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Clearwater agrees to buy investment management platform Enfusion for $1.5B

TechCrunch: M&A

Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of […] 2024 TechCrunch.