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Google acquires app development platform; Apple buys AI startup


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Google acquires app development platform; Apple buys AI startup

S&P Global Market Intelligence provides a wrap-up of U.S. companies' technology, media and telecommunications deal announcements, completions and updates from Jan. 14 to Jan. 20.


* An affiliate of private equity firm Veritas Capital Fund Management LLC agreed to buy Campus Management Corp. and Edcentric from Leeds Equity Partners LLC. Financial terms of the transaction, which is expected to close in the first quarter of 2020, were undisclosed. Campus Management provides cloud-based student information systems, customer relationship management and enterprise resource planning solutions, while Edcentric also provides application software services to higher education institutions.

* Google LLC agreed to acquire Ireland-based retail tech company Pointy, which allows merchants to connect a box to a barcode scanner or use an app to upload their product inventory online. The deal is set to close in the next few weeks. In a company post, Peter Chane, senior director for Google Local SMB Products, said the agreement to acquire Pointy is expected to help local retailers sell their products online.

* NTN Buzztime Inc. inked a definitive agreement to sell all of its assets related to its Stump! Trivia business to Sporcle Inc. for $1.4 million. The company expects to close the transaction by Jan. 31. Stump! Trivia is a live, hosted, knowledge-based event that conducts approximately 400 competitive events a week.

* Canadian investment company First Light Capital Corp. agreed to acquire all issued and outstanding securities of vMobo Inc. First Light Capital and vMobo will negotiate and enter into definitive agreements, which will stipulate the final terms and structure of the transaction.


* Accenture PLC completed the acquisition of data analytics consultancy Clarity Insights from private equity firm Riordan Lewis & Haden Inc. Financial terms were not disclosed.

* Apple Inc. purchased XNOR.AI Inc., a developer of artificial intelligence tools, GeekWire reported Jan. 15, citing sources with knowledge of the deal. The iPhone maker reportedly bought in the range of $200 million.

* ClientLook Ltd., which provides customer relationship management software to commercial real estate brokers, was acquired by LightBox. Financial terms were not disclosed.

* Google acquired no-code application development platform Appsheet for an undisclosed amount. Following the transaction, the AppSheet team will join the Google Cloud team and will continue providing support to new and existing customers. The Alphabet Inc. unit said the transaction will allow customers to "develop richer applications at scale" using various Google applications and technologies.

* Synopsys Inc. completed its purchase of certain internet protocol assets from eSilicon Corp. for an undisclosed sum.

* AFV Partners LLC acquired Aircraft Performance Group Inc., which provides proprietary flight operations software services to the global aerospace aftermarket industry. Financial terms were not disclosed.

* Israel-based Perion Network Ltd. acquired all the shares of Content IQ LLC, a provider of data algorithm and analytics tools for digital publishing, for about $73.1 million. The deal price includes a cash payment of $15 million upon the closing of the deal and an additional payment of up to $11 million as a retention incentive.

* Samsung Electronics Co. Ltd. acquired network services provider TeleWorld Solutions Inc. for an undisclosed sum. Under the agreement, TeleWorld Solutions will be a wholly owned subsidiary of Samsung Electronics America Inc.


* The U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with Telaria Inc.'s proposed merger with The Rubicon Project Inc. The stock-for-stock transaction remains subject to other customary closing conditions, including approvals from the stockholders of The Rubicon Project and Telaria. The deal is expected to close in the first half of 2020.

* U.K.'s Competition and Markets Authority approved Hasbro Inc.'s acquisition of Entertainment One Ltd., which closed on Dec. 30, 2019. The CMA began its probe into the deal in November 2019 to determine whether the transaction would lead to a "substantial lessening" of market competition for goods or services in Britain.