Italy-based app company Bending Spoons, which owns Evernote and Meetup, is planning to lay off 75% of the staff of file transfer service WeTransfer, TechCrunch has learned. Bending Spoons acquired the Dutch company in July for an undisclosed amount. The company confirmed the plans for the WeTransfer layoff to TechCrunch. The staff that is being […]
The defense tech acquisition spree has begun: Autonomous factory startup Hadrian acquires Datum Source
Hadrian founder and CEO Chris Power got tired of turning startups away. Since 2020, Power has raised $ 220 million for Hadrian, a largely autonomous factory that mass produces parts for space and defense companies. While Hadrian has produced parts for major defense companies, it had to turn away some defense tech startups because startups […]
Box adds crucial piece to its AI platform with Alphamoon acquisition
Box announced on Thursday that it had acquired Alphamoon, a small Polish startup that specializes in intelligent document processing, a technology that helps companies extract metadata from dense text documents — think contracts and loan applications — automatically. The companies didn’t share the purchase price, but Box CEO Aaron Levie said the acquisition provides a […]
After EU approval, UK clears HPE’s $14B Juniper Networks acquisition
Hewlett Packard Enterprise’s (HPE) planned $ 14 billion acquisition of Juniper Networks is one step closer to completion — the U.K.’s Competition and Markets Authority (CMA) has confirmed that the deal won’t face any further scrutiny. The CMA is yet to publish its full findings, but it has updated the deal’s case page to note […]
EU greenlights HPE’s $14B Juniper Networks acquisition
The European Commission (EC) has given the go-ahead to HPE’s planned megabucks acquisition of Juniper Networks, concluding that the proposed transaction “would raise no competition concerns in the European Economic Area.” The news comes a little more than a month after HPE notified the EC of the planned transaction. HPE first announced its intentions to dole out […]