For most of the mergers and acquisitions we cover, companies decline to disclose financial terms. Sometimes, though, that unspoken rule is broken, giving us insight into the wide variety of deal sizes taking place in Massachusetts.
Last month, the differences were especially stark. Progress, the Bedford-based software company, acquired Seattle-based DevOps and DevSecOps startup Chef for $220 million. Baring Private Equity Asia, meanwhile, spent $2 billion to acquire Southborough digital strategy and services firm Virtusa Corporation.
Tufts University got the best deal yet. Jeff Stibel, a Tufts alumnus and the founder of brain-computer interface company BrainGate, decided to donate the company and its technology to his alma mater. BrainGate, which develops neurotechnology that uses micro-electrodes implanted in the brain, has already received FDA investigational device exemption for human trials.
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Here are the highlights from September 2020.
Danvers-based Demand Science Group acquired business intelligence and data sciences firm Cobena. No financial terms were disclosed.
Sonde Health, a Boston-based vocal biomarker technology platform that detects health symptoms from a few seconds of voice, acquired NeuroLex Laboratories, a voice-enabled survey and data acquisition platform. No financial terms were disclosed.
Burlington-based medtech company Laborie Medical Technologies, in partnership with growth equity firm Signet Healthcare Partners, agreed to acquire GI Supply, which develops specialty endoscopy and paracentesis products. No financial terms were disclosed.
Bedford-based software company Progress acquired Chef, a DevOps and DevSecOps company based in Seattle, for $220 million in cash.
Cleveland-based content services provider Hyland agreed to acquire Alfresco, a content services platform and solutions provider based in Boston. No financial terms were disclosed.
Boston-based Dynamo Software, a provider of cloud software for the alternative investment industry, acquired Imagineer Technology Group. No financial terms were disclosed.
Baring Private Equity Asia agreed to acquire Southborough-based Virtusa Corporation, which provides digital strategy, digital engineering and IT services and solutions, for about $2 billion.
Boston-based co-living startup SplitSpot acquired assets of PlaceMe, another co-living platform. No financial terms were disclosed.
The founder of BrainGate, a brain-computer interface company, donated the company and its technology to Tufts University. BrainGate develops neurotechnology that uses micro-electrodes implanted in the brain to let humans operate external devices such as computers or robotic arms with just their thought. It has received FDA investigational device exemption for human trials.
Boston-based SEMrush, provider of a content marketing SaaS platform, acquired public relations SaaS startup Prowly.com. No financial terms were disclosed.
Cambridge-based fintech company MineralTree acquired two companies: Inspyrus, a Silicon Valley-based AP automation software solution, and Regal Software, an Atlanta-based company that provides easy-to-use ERP connectors. No financial terms were disclosed.
Bedford software company EDB acquired 2ndQuadrant, a global PostgreSQL solutions and tools company based out of the U.K. No financial terms were disclosed.
