Tag Archives: Merger & Acquisition

Sony acquires US support studio Valkyrie Entertainment

Sony today announced that it has acquired Seattle-based developer Valkyrie Entertainment. Financial details of the deal were not disclosed to the public. The deal is expected to bolster the development of Sony PlayStation Studios Exclusive Games, according to the press release.

Valkyrie is the latest addition and the company’s fifth studio acquisition for this year. The Seattle-based gaming studio will complete the busy 2021 long list of acquisitions for Sony’s PlayStation business.

According to Engadget, Sony has been busy adding gaming companies this year. The company has acquired Housemarque, Nixxes Software, Firesprite, and Bluepoint Games. To date, the company has added a total of 17 gaming studios under its corporate umbrella.

The Valkyrie acquisition was announced by Herman Hulst, the head of Sony’s PlayStation Studios. “Valkyrie’s diverse capabilities will be welcomed by every team at PlayStation Studios as we continue to focus on delivering extraordinary gaming experiences,” he said in a statement.

Founded in 2002, and based in Seattle, Washington, Valkyrie Entertainment is a game developer and service provider. The company primarily worked as a support studio, providing co-development services to other game studios and publishers. Sony Interactive Entertainment has years of experience working with Valkyrie on a number of projects, having tapped the gaming studio’s help for Twisted Metal, Infamous 2, 2018’s God of War, and the upcoming action-adventure game and the ninth installment in the God of War game series, God of War: Ragnarok.

In addition, Valkyrie is also the developer of 2015’s hit free-to-play action-strategy game Guns Up for Sony’s Playstation 4 and STEAM. The US gaming studio has also worked on numerous big gaming titles for AAA game publishers. These include Halo Infinite (Microsoft Studios), the first five Forza Motorsport titles (Microsoft Studios), the Middle-earth: Shadow of War (Warner Bros. Interactive Entertainment), and Batman: Arkham Origins (Warner Bros. Interactive Entertainment).

Founded in November 1993, and headquartered in Sony Interactive Entertainment (SIE) is a Japanese-American multinational video game and digital entertainment company wholly owned by Japanese multinational conglomerate Sony Group Corporation. SIE handles the development, production, and marketing of both hardware and software for Sony’s PlayStation video game products.

Informa buys NetLine and acquires stake in UK event tech company Totem

Informa PLC, the UK-based knowledge services and business intelligence group, has acquired NetLine Corporation, which operates the largest B2B-specific content syndication lead generation network offering content syndication in the market. Financial details of the deal were not disclosed to the public.

For more than 20 years, NetLine has been focused on helping B2B content creators achieve lead generation goals. And today, NetLine CEO Robert Alvin made a huge announcement. In the press release, the CEO has just confirmed that it has completed a deal with Informa Tech—one of the world’s largest providers of intelligence, industry forums, and marketing services in the tech industry.

Founded by entrepreneur Robert Alvin in 1994, and based in Campbell, California, NetLine is a market-leading B2B content syndication and lead management platform that provides targeted branding and high-quality lead generation, helping companies and B2B content creators achieve lead generation success. The company’s B2B content syndication lead generation network reaches more than 125 million unique visitors per month and processes more than 700,000 leads monthly across 300 industry sectors.

As part of the deal, NetLine CEO Robert Alvin and the entire NetLine team will join Informa Tech (a division of Informa PLC).

Informa picked BrightTower, the New York City-based investment banking and M&A advisory services firm, as its exclusive financial advisor in this technology deal, according to the company’s press release.

Informa takes stake in Totem

In addition to the NetLine deal, Informa has also taken a stake in UK-based event tech company Totem, which offers an integrated portfolio of digital event solutions. The exact value of the investment has not been disclosed to the media.

The deal builds on Totem’s existing relationship with Informa Connect, which uses Totem’s technology to deploy digital features and apps that amplify and enhance the experience of connecting and learning at its in-person events, the report said.

Founded in 1998, and based in London, United Kingdom, Informa Tech is a market-leading provider of intelligence, industry forums, and marketing services to the global technology industry. The British firm provides world-class research, events, training, and media that aim to inform, educate, connect and inspire its 4 million-strong technology community.

IT Consulting giant Accenture Acquires Headspring’s Consulting Business to boost Cloud First capabilities

IT consulting giant Accenture this week announced that it has acquired the North American consulting business (assets and operations) of Headspring, an Austin, Texas-based company that provides cloud-based engineering services. Financial details of the deal were not disclosed to the media.

The deal is expected to strengthen Accenture’s Cloud First offerings as well as enhance its ability to assist companies across multiple industries.

The IT consulting giant has been on a buying spree this year, snatching companies in Europe, Asia, South America, and the US. These include a Brazilian customer experience firm, a French cybersecurity business, a Germany-based engineering firm, a Japanese e-commerce company, and a US-based change management consulting firm.

“Accenture’s acquisition of Headspring will help us scale one of the most comprehensive platform engineering and cloud-native capabilities in the world. The depth and breadth of Headspring’s cloud-focused services and their significant experience working with Fortune 500 companies over the past two decades will be a valuable addition to our existing cloud engineering capabilities in North America and globally.”

Karthik Narain, global lead of Accenture Cloud First, said in the company’s press release.

Founded in 2001 and based in Austin, Texas, Headspring provides a broad range of cloud services including engineering, platform architecture, and product management. It serves public and private sector clients across numerous industries, including government, financial services, energy, and nonprofit. The company currently employs around 90 employees across its US and Mexico offices.

According to the company’s press release, Headspring’s consulting team of skilled professionals with accreditations in cloud engineering and cloud-native services will be integrated into Accenture Cloud First, a catalog of cloud-based solutions that includes application services, infrastructure, cloud migration, and built-in partnerships with a variety of third-party vendors. This product group was first introduced to the market in 2020 along with $3 billion in funding and a vast army of 70,000 cloud professionals.

Headspring’s broad and comprehensive suite of services includes:
1. Platform Engineering, including cloud-native platform architecture and development from the foundation to the experience layer,

2. Platform Modernization, including re-platforming and cloud migration, code transformation, visual redesign, and integration modernization.

3. Platform Architecture, including re-architecting platform foundations to support the new platform architecture.

4. Product Management, including overall assessment and analysis of pain points based on scaled severity, frequency of occurrence, time inefficiency, risk of inaccuracy, and technology bottlenecks.

Accenture (NYSE: ACN) is a global management consulting, technology services, and outsourcing company. It has 624,000 people serving clients in more than 120 countries. It collaborates with clients to help them become high-performance businesses and governments.

Booking Holdings announces second acquisitions for this month, buys ETraveli Group for $1.8B

Booking Holdings, the Connecticut-based American online travel technology company, has signed an agreement with private equity firm CVC Capital Partners to buy the Sweden-based ETraveli Group, for a whopping $1.83 billion, according to the company’s press release.

Booking is buying one of its flight partners to help offer frictionless flights. In the company’s press release, Etraveli Group CEO Mathias Hedlund said that the main goal of the acquisition is to “continue to enhance the flight booking experience for our customers and partners worldwide.” The deal is subject to regulatory approvals and closing conditions.

As part of the deal, ETraveli Group, the global flight booking provider, will remain headquartered in Sweden’s main office, operating as an independent company under Booking Holdings’ corporate umbrella. The Sweden-based company has nearly 1000 employees.

The ETraveli deal marks Booking’s second acquisition in the past two weeks. The US tech giant is on buying spree after announcing two acquisitions within two weeks. On November 12, the company announced plans to buy hotel wholesaler and distributor Getaroom for $1.2 billion. These latest deals are expected to bolster Booking’s flight and hotel business.

Founded in 2000, and based in Uppsala, Sweden, ETraveli Group is a leading global technology provider that offers flight booking services worldwide. The company’s flight booking solutions provide reliable flight information to consumers and companies. The Swedish firm also operates consumer websites, including Flightnetwork, Mytrip, and Gotogate.

With this latest deal, Booking Holdings is hoping to sustain momentum in the recovering travel industry, which witnessed a severe downturn due to COVID-19’s travel restrictions and lockdowns. The company currently owns and operates several travel fare aggregators and travel fare metasearch engines including travel websites Booking.com, Kayak.com, Agoda.com, Priceline.com, Cheapflights, OpenTable, Momondo, and Rentalcars.com.