The fact that many mergers and acquisitions happened in the Boston tech scene in July shouldn't come as a surprise. In fact, the number of M&A involving Massachusetts companies jumped by 15% year-over-year through the first six months of 2017, according to BBJ.
And this trend seems to continue. During the past month, the most relevant acquisitions we reported about were probably Grapevine acquiring SocMetrics and HubSpot acquiring Kemvi. In some cases, BostInno was able to get interviews and additional context, like when Anaqua CEO Bob Romeo told us that they will maintain the Lecorpio brand following the acquisition of the Californian competitor.
Here's the BostInno Departed list for the month of July 2017:
The Shuttered
• As far as we could tell, no startups shut down in July.
The Merged and Acquired
• Terrafugia, a Boston-area company that has been working on flying cars since 2006, has been acquired by Zhejiang Geely Holding Group, an automotive manufacturer based in China. Terms have not been disclosed.
• Influencer marketing platform Grapevine has acquired the SocMetrics Influencer Platform. Grapevine and SocMetrics are both MassChallenge alumni. Grapevine also went through TechStars Boston in 2016.
• DataGravity, a data visibility and security startup based in New Hampshire, has been acquired by a cloud workload company called HyTrust.
• Boston-based digital advertising company nToggle has been acquired by Rubicon Project in a deal valued at $38.5 million.
• Publicly traded Rapid7 has acquired Komand, a security orchestration and automation platform founded by Threat Stack co-founder Jen Andre. The deal’s total value could reach $50 million, according to BBJ.
• Cambridge BioMarketing, a marketing and strategy shop focused on rare disease, has been acquired for $35 million by UDG Healthcare.
• HubSpot acquired machine learning startup Kemvi for an undisclosed amount. Co-located in Cambridge and San Francisco, Kemvi was one of our local AI startups to watch.
• iRobot has signed a definitive agreement to acquire its largest European distributor, Robopolis, in a cash deal worth $141 million.
• Boston-based Anaqua announced that it is merging with its competitor Lecorpio, another developer of IP management software. Terms of the transaction were not disclosed, but Anaqua CEO Bob Romeo told BostInno that "in the near term," they will maintain the Lecorpio brand.
If you think there’s a startup missing from this list, email me at lmaffei@americaninno.com
