In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. In financial services, the recent news that TabaPay would be ending its planned acquisition of the FinTech Synapse Financial Technologies brings to mind a different type of...
TabaPay has reportedly ended its planned acquisition of bankrupt FinTech company Synapse. A TabaPay spokesperson told TechCrunch on Thursday (May 9) that the company had “pulled out” of the deal and had sent “termination notice of the purchase agreement this morning based on failure to meet the...
AppDirect has acquired Builtfirst, saying this will further its aim to become “the premier destination for marketplace solutions.” The acquisition adds Builtfirst’s self-service marketplace platform technology to AppDirect’s suite of solutions focused on its business-to-business (B2B) commerce platform, the companies said in a Thursday (May 9) press...
Google parent company Alphabet is reportedly in continuing talks with HubSpot about acquiring that company. The companies have discussed the potential terms of a deal, although the deliberations are ongoing, there is no certainty the two companies will come to an agreement, and another potential buyer could emerge, Bloomberg reported Thursday (May 9),...
Private equity firm Bain Capital is reportedly in discussions to purchase education-software provider PowerSchool. The proposed $6 billion deal — still weeks away from being finalized — was reported Wednesday (May 7) by Reuters, citing a source familiar with the matter. Based in Folsom, California, PowerSchool makes...
Private equity firms have reportedly been considering a buyout of Peloton. At least one firm has talked with Peloton about going private, and a number of other firms have considered an acquisition but may or may not have talked with the company, CNBC reported Tuesday...
SVB Financial Group has entered into a definitive agreement to sell its investment platform business, SVB Capital. The buyer is a newly created entity affiliated with Pinegrove Capital Partners and backed by Brookfield Asset Management and Sequoia Heritage, SVB Financial Group said in a Thursday...
Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3 billion, and comes amid a rising demand for fraud prevention solutions. Permira’s acquisition comes almost exactly a year after the...
Federal regulators are examining Walmart’s plan to buy smart television maker Vizio. The Federal Trade Commission (FTC) is conducting an antitrust review of the proposed $2.3 billion merger, Vizio said in a regulatory filing Tuesday (April 30). According to the filing, both companies on Monday (April 29) received a request for additional...
