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Weekly M&A Report – January 9th, 2023


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 MarkLogicRead 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).

Download the full report below: