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Weekly M&A Report – April 24th, 2023


GrowthPoint Technology Partners provides weekly summary and outlook on last week’s technology M&A deal activity:

88 deals announced

Median multiple of 2x

$76.79B announced total deal value year to date in technology M&A activity with 1,526 closed transactions announced

Notable deals in technology M&A include:

Gravitas Education Holdings to Acquire NetDragon Websoft Holdings Read More

NetDragon Websoft Holdings Limited (“NetDragon” or the “Company”; Hong Kong Stock Code: 777), a global leader in building internet communities, today announced that it has signed a merger agreement with Gravitas Education Holdings Inc. (“GEHI”), an NYSE listed company, whereby NetDragon, through its subsidiary, will merge its core overseas education business ( “NetDragon Education Business”) with GEHI at a valuation of US$750 million for the NetDragon Education Business and US$800 million for the merged entity. The merged entity will be renamed to MYND.AI at closing of the transaction to reflect the new brand and the direction of the company to pursue the transformation of education with Artificial Intelligence (AI).

Miovision to Acquire GTT Read More

Miovision, whose scalable intelligent transportation solutions help cities reduce traffic congestion while improving safety, has acquired Global Traffic Technologies (GTT) .

GTT, whose Opticom product line is a market-leading emergency pre-emption and traffic signal priority solution, was one of eight operating companies within the Vontier Corporation, who sold the company to Miovision for US$107 million.

Akamai to Acquire Neosec Read More

Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announces that it has entered into a definitive agreement to acquire Neosec, an API detection and response platform based on data and behavioral analytics.

Download the full report below: