Top Business Funding and Merger in the last three weeks.
                     Top Business Funding and 
Merger in the last three weeks
1. HPE picks up Silver Peak
• Hewlett Packard Enterprise made a major commitment to the SD-WAN 
market in July when it revealed its intention to buy Silver Peak for $925 
million. 
• Silver Peak was founded in 2004, and specializes in WAN technology, 
joining HPE 's networking brand Aruba. 
Source: Business Wire
2. SUSE acquires Rancher
• With the July acquisition of Rancher, SUSE, the company Linux specialist, is 
doubling down on Kubernetes for an undisclosed sum. 
• With customers like Sky, Sony Playstation and Deutsche Bahn, the 
Cupertino based company has built a popular open source Kubernetes 
container management platform.
Source: Could Management Insider
3. Uber to acquire rival Postmates
• Ride hailing giant Uber agreed in July to buy food delivery company 
Postmates, in an all-stock takeover of $2.65 billion. 
• The merger will put together two of America's biggest food service firms and 
will endorse Uber's own Eats brand. 
Source: FutureCar
4. Google acquires North
• The search giant announced the acquisition of North in the end June, for an 
undisclosed amount, after its own failed effort at consumer smart glasses 
with Google Glass. 
• The Canadian company makes smart glasses for the stylish Focals and will 
join the Google office in their native Kitchener-Waterloo.
Source: Neowin
5. Amazon to acquire Zoox
• Amazon has announced it will acquire Zoox, a self-driving vehicle startup, for 
a estimated $1.2 billion in the end of June. 
• For some time now, Amazon has shown a keen interest in self-driving car 
space, taking stakes in the Rivian electric truckmaker and self-driving 
company Aurora. 
Source: Tech Crunch
6. Mastercard to acquire Fincity
• In July, Mastercard revealed it would buy Fincity for $825 million. 
• Utah-based fintech specializes in open banking – a new regulatory banking 
mode that is ahead in Europe than in the US – where consumers have 
greater control over their finances by using secure APIs to connect their 
bank account to other fintech services and make quick payments without 
using traditional middle men
Source: FinTech Futures
7. Microsoft acquires CyberX
• Microsoft announced in July that it would acquire Israeli IoT security specialists 
CyberX for an undisclosed sum. 
• Microsoft will integrate CyberX technologies and expertise into its Azure cloud 
platform, where Azure IoT stack, Azure Security Center for IoT and Azure Sentinel are 
already on sale. The CyberX team will now report to Israeli fellow Yuval Eldar, IoT 
Security's Microsoft GM.
Source: hrnxt.com
8. Microsoft acquires Softomotive
• Microsoft announced the acquisition in July of an undisclosed sum by UK-
based robotic process automation software provider Softomotive.
• Softomotive expertise and technology will be incorporated into Microsoft's 
Power Automate program – specifically its desktop automation tool 
WinAutomation.
Source: hrnxt.com
9. CISCO acquires Thousand Eyes
• Cisco revealed its intention to purchase an unspecified sum for network intelligence 
specialist ThousandEyes in May. 
• ThousandEyes, headquartered in San Francisco, provides cloud-based analytics 
software for internet, local, and wide-area networks. The organization also monitors 
the output of ISP, cloud and collaboration software, data that we use to monitor 
Network World's global internet outages.
Source: Data Economy
10. Facebook Buys Giphy 
• On 15 June, Facebook revealed it was acquiring Giphy, the popular 
searchable library for mobile photos, or gifs. 
• The company and staff will be rolled into social media giant 's Instagram 
division. Axios pegged the price for the acquisition at $400 million which 
broke the story.
Source: TechSathi