M&A activity is springing into action in Boston.
Last month, tax provider Sovos made yet another buy, spending an undisclosed amount to acquire a Brazilian company called Fit Sistemas. Sovos made five acquisitions in 2020, and it looks like it's planning to keep up the pace this year. Meanwhile, elsewhere in Massachusetts, another company is on a growth spurt of its own. Allonnia, the bioremediation startup that spun out of Ginkgo Bioworks in October, made its first acquisition as part of a $20 million investment deal with Metabolik Technologies.
Only one company opted to disclose the terms of a transaction in March: Roivant Sciences spent $450 million to acquire Boston-based Silicon Therapeutics, a small molecule developer whose approach to drug discovery is fueled by quantum computational physics.
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Here are the highlights from March 2021.
Roivant Sciences agreed to acquire Boston-based Silicon Therapeutics for $450 million in Roivant equity, with additional potential regulatory and commercial milestone payments.
Boston-based tax provider Sovos inked another acquisition: Brazil-based Fit Sistemas, a provider of cloud-based regulatory reporting and electronic invoicing solutions.
ABclonal Biotechnology, a life science tools and services company, acquired Yurogen Biosystems, a Worcester-based private contract research organization focused on monoclonal antibodies through a single-B-cell-based SMab platform.
Maryland firm Omega Healthcare Investors, which has a national portfolio of senior homes and skilled nursing facilities, agreed to acquire Boston-based Connected Living to bring connective technology to residents and families, per an email to BostInno.
Framingham-based Sontiq, a portfolio company of the Wicks Group, acquired data breach intelligence fintech Breach Clarity.
Boston sports media company TorchCo, rebranded from Kompany39, acquired New York City-based daily sports newsletter startup Morning Blitz.
San Francisco-based Genesys agreed to acquire Bold360, an AI-powered digital customer engagement tool, from Boston-based LogMeIn.
Ginkgo Bioworks spinout Allonnia, a Boston-based bioremediation company focused on waste management challenged like industrial wastewater treatment, soil remediation and solid waste management and upcycling, agreed to acquire the assets of Metabolik Technologies, an Evok Innovations portfolio company that develops efficient and scalable bioremediation technologies enabling microbes to degrade hard-to-treat compounds in the environment. The acquisition is part of Evok's $20 million investment in Allonnia.
Cloud-based software provider Appriss Health entered into a definitive agreement to acquire PatientPing, a Boston-based health care technology company. There are currently 112 people who work for PatientPing in Massachusetts, according to a spokesperson.
Talentopia, a Cambridge-based remote talent company, merged with Impactian. Thanks to the merger, Talentopia will be offering a new hiring and interview platform that companies can use to find remote developers and professional writers.
