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(Bloomberg) — Facebook Inc. has acquired Kustomer Inc., a New York-based software company that helps businesses manage customer conversations from multiple services on one dashboard.
The logo for Facebook is displayed on a smartphone in an arranged photograph taken in Little Falls, New Jersey, U.S., on Wednesday, Oct. 7, 2020. Facebook Inc. is tightening its rules on content concerning the U.S. presidential election next month, including instituting a temporary ban on political ads when voting ends, as it braces for a contentious night that may not end with a definitive winner.
The deal was valued at more than $1 billion, said a person familiar with the deal who asked not to be identified because the terms were private.
The social media giant made the deal to bolster efforts to monetize its messaging business, which is expanding to include customer-service products that help companies interact with people
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MRI Software, the Solon-based provider of real estate software and technology, has made its eighth acquisition of 2020.
The company said in a news release on Thursday, Oct. 29, that it bought residential property management software Jenark from Irvine, Calif.-based CoreLogic Inc. (NYSE: CLGX), a provider of consumer, financial and property data, analytics and services to business and government.
Terms of the deal were not disclosed. An MRI Software spokeswoman said in an email that a small group that supports the Jenark product will join MRI as part of the acquisition. MRI Software has about 2,000 employees.
The Jenark acquisition “expands the reach and scale” of MRI Software’s MRI Living product suite, the company said in the release. It said Jenark “aligns with MRI’s existing product set for the management of residential property portfolios, addressing the unique needs of community and homeowner associations by facilitating processes, operations, transactions, communications, accounting,
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- Apple purchased artificial intelligence startup Vilynx earlier this year for approximately $50 million, Bloomberg reported Tuesday.
- Barcelona-based Vilynx built AI tools that analyze videos with the goal of “understanding” what’s in them and categorizing that information, which Apple could use to improve Siri and other apps.
- Bloomberg also reported that around 50 of Vilynx’s engineers and data scientists will stay on at Apple, which will use the startup’s Barcelona office as a key AI research hub in Europe.
- Apple doesn’t disclose the purpose of its acquisitions, but the company has recently bought several AI startups, signaling its intent to expand its footprint in the space.
- Visit Business Insider’s homepage for more stories.
Apple added to its rapidly growing artificial intelligence portfolio earlier this year by acquiring Spain-based AI video startup Vilynx for approximately $50 million, Bloomberg reported Tuesday.
Vilynx, headquartered in Barcelona, built software that leverages computer vision to analyze
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Bandwidth Inc. BAND recently inked a definitive agreement to acquire Voxbone for an enterprise value of €446 million ($527 million). The transaction complements Bandwidth’s product portfolio and enables it to offer a unified software platform to better serve global customers. The integrated offering will facilitate various firms to combine voice, video and text communications as part of their digital transition and help transform enterprise cloud communications for superior customer experience.
Headquartered in Brussels, Belgium, Voxbone is a leading Europe-based communications platform and IP voice network provider, serving customers in more than 60 countries that represent about 93% of global GDP. This communication as a service (CaaS) firm offers seamless communication services delivering carrier-grade calls from the cloud and quality coverage that can be integrated with any contact center, conferencing platform or voice application. It is trusted by more than 900 global enterprises, including leading companies like Uber Technologies, Inc. UBER,
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GoodRx (GDRX) – Get Report shares fell Monday after the online-prescription-shopping platform received four buy ratings and four holds from analysts who initiated ratings on the company.
The bullish analysts see a huge potential customer base for GoodRx, which went public last month. The neutral analysts express concern about valuation, given GoodRx’s 55% surge from its $33 initial-public-offering price.
The Santa Monica, Calif., company’s shares recently traded at $50.55, down 4.7%.
Morgan Stanley analyst Ricky Goldwasser rates GoodRx overweight with a $57 share-price target.
“GoodRx is the largest healthcare-focused Internet platform that provides users access to prescription drug discounts nationwide,” she wrote in a commentary.
“Leveraging its Internet platform and relationships with health-care stakeholders, GoodRx has unbundled traditional pricing mechanism to create a more equitable cash prescription marketplace for consumers filling generic scripts.”
Goldwasser added, “The company is in early phases of expanding into subscription prescription offering, telehealth
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One of the top-performing ETFs of the year bought the dip in Fastly Thursday.
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What Happened: After pre-announcing third quarter earnings, Fastly Inc (NYSE: FSLY) saw shares drop 30% after-hours on Wednesday.
That dip led to the opportunity for the Ark Next Generation Internet ETF (NYSE: ARKW) to take a stake in the company.
The Ark Next Generation Internet ETF, led by Cathie Wood, bought 304,300 shares of Fastly. This represents a current stake of $27.3 million, around 1% of the fund’s assets.
The fund also bought small amounts of Palantir Technologies (NYSE: PLTR) and Zoom Video Communications (NASDAQ: ZM) on Thursday.
The ETF sold part of its stake in Tesla Inc (NASDAQ: TSLA), which is its top holding.
The Next Generation Internet ETF is known for its bullish take on the electric vehicle maker, and the stock has been the ETF’s top holding