A roundup of this week’s mergers and acquisitions in B2B…
JFrog, the leading DevOps accelerator, acquires CloudMunch, the universal DevOps Intelligence platform, to expand its product offerings for developers. This is the third strategic acquisition by JFrog in eight months, following Dimon, experts in CI/CD, and Conan, the fast-growing open source C/C++ package manager.
Shutterstock, Inc., a leading global technology company offering a creative platform for high-quality assets, tools and services, today announced that it has signed a definitive agreement to acquire Flashstock Technology, Inc., a Toronto based company that enables the efficient creation of custom content through its proprietary platform, for approximately $50 million cash. Flashstock has a fast growing customer base of enterprise marketers seeking on-brand content to feed the ever growing visual demands of multiple marketing channels. By integrating Flashstock into its product offerings, Shutterstock will be able to offer a high-quality custom content product to its 1.7 million customers. The transaction is expected to close in July 2017.
BranchServ, a Division of Custom Vault Corporation, announced its acquisition of the SafePak brand; with a portfolio of innovative security products. The SafePak Night Depository and ATM Retrieval system and the SafePak Cashbar are simple solutions that can have a measurable impact on both security and profitability for banks and cash service providers. Product benefits, combined with support from BranchServ’s exceptional installation and service organization, have resulted in industry success.