Maria Deutscher
Latest from Maria Deutscher
It’s official: LogMeIn set to go private in $4.3B acquisition
Confirming recent reports, LogMeIn Inc. today announced that it has inked a definitive agreement to be acquired by Francisco Partners Management and Elliott Management’s Evergreen affiliate for $4.3 billion. The deal is poised to take LogMeIn off the Nasdaq stock exchange after a more than 11-year run as a publicly traded company. Shareholders of LogMeIn, which ...
Cisco snaps up low-latency networking provider Exablaze
Cisco Systems Inc. today announced plans to acquire Exablaze Pty. Ltd., an Australian firm that makes ultra-low-latency networking devices and chips for financial applications such as algorithmic stock trading. The dollar value of the deal is not being disclosed. Cisco expects to wrap up the transaction in its fiscal third quarter ending April 27. Sydney-based ...
Intel shells out $2B for high-speed AI chip startup Habana Labs
A mere two years after exiting stealth mode, artificial intelligence chip startup Habana Labs Ltd. has been acquired by Intel Corp. in a landmark $2 billion acquisition. Revealed today, the transaction is notable not only for its size but also the potential effects on Intel’s strategic roadmap. Habana’s cutting-edge silicon could potentially enable the company to narrow ...
In new security push, Google Cloud adds a raft of integrations and partner tie-ups
Google LLC today announced a bevy of integrations between its cloud platform and popular cybersecurity tools, as well as several new partner-provided offerings, that will give enterprise customers more ways to defend themselves against hacking. The product integrations are the linchpin of the announcement. They span several key security tool categories and include a number of major ...
On heels of $150M IPO, Sprout Social drops 3% in first day of trading
Social media technology provider Sprout Social Inc. saw its shares slide more than 3% on the Nasdaq stock exchange today after closing a $150 million initial public offering last night, signaling that the IPO market will likely continue to remain complicated for tech firms in 2020. The company sold 8.8 million shares at $17 apiece late ...
Apple buys computational photography specialist Spectral Edge
Apple Inc.’s latest startup pickup is U.K.-based computational photography provider Spectral Edge Ltd., Bloomberg reported late Thursday. The outlet, citing public regulatory filings, detailed that an Apple corporate lawyer recently joined the company’s board and replaced all the previous directors. Spectral Edge has furthermore taken its website offline. Cambridge-based Spectral Edge started out nine years ago as an academic ...
DataRobot acquires Accel-backed data preparation startup Paxata
DataRobot Inc., a unicorn that makes software for developing artificial intelligence models, has bought fellow startup Paxata Inc. to add more depth to its feature set. The deal size wasn’t disclosed in the acquisition announcement that went out Thursday afternoon. It was most likely a fairly sizable transaction. DataRobot is backed by over $400 million ...
Report: FTC could file an injunction against Facebook over its platform plans
The U.S. Federal Trade Commission might stop Facebook Inc. from going through with its plans to add tighter integration among its Messenger, WhatsApp and Instagram apps. The Wall Street Journal reported today that FTC officials are weighing to issue a preliminary injunction against the social networking giant to halt the integration project. According to sources ...
Fortinet scoops up security orchestration startup CyberSponse
Less than two months after wrapping up its previous acquisition, Fortinet Inc. has announced a new one: The publicly traded cybersecurity company is buying CyberSponse Inc. in a deal disclosed today. Arlington, Virginia-based CyberSponse specializes in simplifying operations for organizations with a large number of breach prevention systems. The firm’s CyOPs platform can pull alerts ...
Waymo acquires AI-powered simulation startup Latent Logic
Waymo LLC, Alphabet Inc.’s autonomous driving subsidiary, has acquired a British startup called Latent Logic Ltd. that provides software for simulating drivers and pedestrians. The group announced the deal on Twitter today without sharing financial details. The Latent Logic team will continue to operate out of its current location in Oxford, which is set to become ...