Notable Software M&A Deals: 6/19 – 6/26

This week’s notable software M&A deals included acquisitions by Siris Capital, AT&T, PayPal, Twitter, and Microsoft.

We understand that as a software executive, you’re quite busy. That’s why we created SEG’s Software M&A Brief. Each week, we round up interesting deals we come across and provide a quick and insightful summary.

Here are this week’s highlights:

Siris Capital Group Acquired Group

Private equity firm Siris Capital Group acquired for $2B, taking the company private. Group is a provider of internet services and online marketing solutions for small and medium-sized business. The acquisition will enable to move on to the next phase of growth. (Read Press Release)

PayPal Acquired Hyperwallet Systems & Simility

PayPal acquired Hyperwallet Systems, a provider of integrated payment processing APIs, for $400M.  The acquisition will improve PayPal’s payout capabilities, thus enhancing its integrated suite of payment solutions to eCommerce platforms and marketplaces. (Read Press Release)

In addition, PayPal acquired Simility, a provider of machine learning-based fraud prevention and risk management software. The $120M acquisition will expand upon PayPal’s fraud prevention and risk management capabilities, providing PayPal customers with access to customizable, best-in-class fraud tools. This acquisition, along with the three others this quarter, strengthens PayPal’s positioning as a one-stop solution for global commerce. (Read Press Release)

AT&T Acquired AppNexus

Telecom giant AT&T acquired AppNexus, a provider of enterprise products for digital advertising that serves publishers, agencies and marketers. AppNexus will become a part of AT&T advertising & analytics and will help unite real-time analytics and tech with AT&Ts video content. The acquisition will enable AT&T to better compete with others in the ad landscape such as Google and Facebook. (Read Press Release)

Twitter Acquired Smyte

Twitter acquired Smyte, a provider of AI-enabled anti-spam, fraud, harassment, and anti-bot SaaS for social networks and online marketplaces. The transaction represents Twitter’s first acquisition since December 2016, and aims to curb the recent increase in online harassment. (Read Press Release)

Microsoft Acquired Bonsai AI Inc.

Bonsai is a provider of artificial intelligence-based development software for autonomous system developers. Bonsai can be used to train autonomous systems to complete specific tasks using reinforcement learning, which trains systems to yield better outcomes through trial and error.The acquisition will help Microsoft expand its portfolio to autonomous systems and industrial control systems. Furthermore, Bonsai’s AI capabilities will be a key differentiator for Microsoft’s Azure platform. (Read Press Release)

Interested in more M&A insights? Head over to SEG’s Research Page for sixty consecutive quarters of in-depth software industry reach covering over 20K M&A transactions and hundreds of publicly traded companies.