Here are some of the most prominent venture capital and merger and acquisition news items from July. If you’d like SDxCentral to report on your company’s VC or M&A activity in our monthly Money Moves section, or if you have any tips on that activity, please send the information to Julia King ([email protected]).
SRG Predicts Record-Slashing 2022 for Data Center M&AEighty-seven data center M&A deals worth $24 billion closed in the first half of 2022, with another $18 billion worth expected to close this year, according to new data from Synergy Research Group (SRG).
Last year’s data center M&A market broke records with a total aggregate value of more than $48 billion, according to SRG. That marked a 41% jump from 2020’s $34 billion value — which was also considered a record-toppling year.
And 2022 is on track to continue this trend and break the previous year’s record. “After adding in the regular flow of transactions that happen with little advance public notice, 2022 is shaping up to match the record-breaking M&A activity levels that were seen last year,” SRG concluded.
Ericsson’s Vonage Approval Covers Meh Q2Ericsson finally gained U.S. government approval for its long-gestating Vonage Holdings acquisition, which provided a nice distraction to uninspiring second quarter financial numbers.
The ominously sounding Committee on Foreign Investments in the United States (CFIUS) gave a thumbs up to Sweden-based Ericsson’s $6.2 billion acquisition of New Jersey-based Vonage. The CFIUS approval was the last regulatory hurdle in front of the deal and Ericsson said it will close the acquisition no later than July 21.
The deal was originally expected to close in late May, but ran into the now resolved regulatory hurdles. Vonage had granted Ericsson a three-month extension to close the deal.
More Money MovesDeutsche Telekom announced the sale of 51% of GD Towers, to be acquired by DigitalBridge in partnership with Brookfield.
Swimlane announced a $70 million growth funding round led by Activate Capital.
IFS acquired Ultimo Software Solutions.
Privitar acquired Kormoon.
Paladin Cloud announced a $3.3 million seed financing round led by Okapi Venture Capital and Bowery Capital.
Healthcare Triangle announced a $6.5 million private placement.
11:11 Systems acquired Static1.
Bishop Fox announced $75 million in Series B funding from Carrick Capital Partners.
Tecton raised $100 million in funding led by Kleiner Perkins.
Zinklar raised $5.7 million in Series A funding led by Caixa Capital Risc.
myCREcloud acquired Net Informant.
Ensono acquired AndPlus.
Storyblok launched a $1.5 million partner fund.
Valiantys announced funding from Tercera.
Huntress acquired Curricula.
Cybrary closed a $25 million Series C funding round.
IQM Quantum Computers raised $131.8 million in Series A2 funding.
Anvilogic announced a $25 million Series B funding round with participation from Xerox Ventures.
Intel and MediaTek announced a strategic partnership.
Accenture Industry X acquired Eclipse Automation.
Sourcepass acquired SSD Technology Partners and Total Technology Solutions.
ZEDEDA closed a $26 million Series B funding round.
BAI Communications acquired ZenFi Networks.
EdgeIQ raised $8.5 million in financing led by First Analysis.
Mirantis acquired amazee.io.
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