Home Merger & Acquisition

Samsung Electronics has agreed to acquire Joyent, Inc., a leading public and private cloud provider; Twitter has acquired London artificial intelligence startup Magic Pony for around $150 million and Accenture has acquired Maglan, a privately-held Israeli cybersecurity company.

Samsung to Acquire Joyent, a Leading Public and Private Cloud Provider

Samsung Electronics has agreed to acquire Joyent, Inc., a leading public and private cloud provider. With Joyent’s superior cloud technology, Samsung will now have access to its own cloud platform capable of supporting its growing lineup of mobile, Internet of Things (IoT) and cloud-based software and services. The transaction remains subject to customary closing conditions.

As smartphones and connected-devices have taken hold across the world, cloud computing has become fundamental in providing users with exciting and reliable services and experiences on their devices. With leadership positions in both mobile and IoT, this acquisition represents Samsung’s commitment to provide a seamless user experience to millions of customers.

Joyent’s technology will strengthen this position, while allowing Samsung to scale its own cloud infrastructure and services as it continues to innovate with new software and technologies. Through this acquisition, Joyent’s talented team of technologists, including CEO, Scott Hammond, CTO, Bryan Cantrill, and VP of Product, Bill Fine will join Samsung to work on company-wide cloud initiatives.

Twitter Buys London AI startup Magic Pony for $150M

Twitter has acquired London artificial intelligence startup Magic Pony for around $150 million, according to sources close to the company. The financial details are still undisclosed.

Magic Pony’s technology, based on research to create algorithms that can understand the features of imagery “will be used to enhance our strength in live and video and opens up a whole lot of exciting creative possibilities for Twitter,” said Twitter co-founder and chief executive Jack Dorsey in a blog post.

Post acquisition, Magic Pony’s team will be joining Twitter Cortex, a team of engineers, data scientists, and machine learning researchers. Twitter’s other machine learning acquisitions include Madbits in July 2014 and Whetlab in June 2015.

Rob Bishop, Magic Pony’s CEO and co-founder, will be based out of Twitter’s headquarters in San Francisco, and co-founder Zehan Wang and the other members will join Twitter’s London office. Rob Bishop said joining forces with Twitter “gives us the opportunity to bring the benefits of that research to hundreds of millions of people around the world, and allows Magic Pony to contribute to better quality viewing experiences on Twitter.”

Accenture Acquires Maglan, Expands Security Services in Israel

Accenture has acquired Maglan, a privately-held Israeli cybersecurity company specializing in offensive cyber simulation, vulnerability countermeasures, cyber forensics and malware defenses, and IT security research and development with a focus on threat intelligence. Financial terms of the transaction were not disclosed.

The acquisition brings to Accenture a team of highly skilled cybersecurity professionals, who honed their skills fighting cyber crime and confronting cyber espionage around the globe. The acquisition advances Accenture’s strategy of leveraging Israel as a cybersecurity innovation hub to provide clients with cross-industry cyber defense consulting. Maglan has specialized tools and methodologies that will augment Accenture’s full range of security services and defensive countermeasures, comprising strategy and risk management through enterprise and extended enterprise security.

Based in the Tel Aviv metropolitan area, Maglan was founded in 1998 and has performed extensive penetration tests for numerous organizations in Europe. Its clients include companies in the financial services, telecommunications and automotive industries.

With this acquisition, Accenture has now made a total of the five investments in the cybersecurity space in the past several months. Earlier investments include the acquisition of FusionX, a company with a 20-year cyber defense legacy; the acquisition of Cimation, an affiliate of Audubon Companies and an Industrial Internet of Things consulting company; a minority investment in Endgame Inc., a provider of cybersecurity software solutions; and a minority investment in Team8, a cybersecurity foundry.

Image Source: ShutterStock

Like this content? Sign up for our daily newsletter to get latest updates.

Comments

comments