GrowthPoint Technology Partners provides weekly summary and outlook on last week’s technology M&A deal activity:
- 74 deals announced
- Median multiple is unavailable, due to a limited amount of revenue multiples announced
- $634.9B total deal value year to date in technology M&A activity from 2022
Notable deals in technology M&A include:
GoLogiq to Acquire GammaRey – Read More
GoLogiq, Inc. (OTC:GOLQ), a U.S.-based global provider of fintech and consumer data analytics, has signed a definitive share exchange agreement with GammaRey, Inc., a privately-held fintech ecosystem for the New World Digital Economy. Under the now definitive terms of the proposed agreement announced in December, GammaRey has merged with GoLogiq as a wholly owned subsidiary in an all-stock transaction. GoLogiq will issue $320 million in common stock valued at $3.00 per share in exchange for 100% of GammaRey’s outstanding shares. The transaction is anticipated to be completed within the next few weeks, subject to customary closing terms.
Progress to Acquire MarkLogic– Read More
Progress (NASDAQ: PRGS), the trusted provider of application development and infrastructure software, announced it has entered into a definitive agreement to acquire MarkLogic, a leader in managing complex data and metadata and a Vector Capital portfolio company. Upon closing of the planned transaction, MarkLogic is expected to enhance Progress’ commitment of delivering the best products to develop, deploy and manage high-impact applications by providing a unified enterprise-grade semantic data platform that empowers customers to derive value from complex data.
TDK to Acquire Qeexo – Read More
TDK Corporation announced that today TDK has agreed to acquire Qeexo, Co. a U.S.-based venture-backed company spun out of Carnegie Mellon University engaged in the automation of end-to-end machine learning for edge devices. As a result of the acquisition, Qeexo will become a wholly owned subsidiary of TDK, subject to customary closing conditions, including approval of the Committee on Foreign Investment in the US (CFIUS).
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