Latest B2B News: Actifio, Shoprunner, Gardaworld consolidation

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B2B News: Mergers and Acquisitions Report for December 4, 2020

Google has acquired Actifio. Actifio is a developer of data backup and disaster recovery (DR). Virtual copies of data in their original format can be managed scenarios like development and testing. The purchase is a demonstration of Google Cloud’s plan to assist enterprises in protecting workloads both on-premises and in the cloud.

Media report: https://techcrunch.com/2020/12/02/google-acquires-actifio-to-step-into-the-area-of-data-management-and-business-continuity/

Actifio-Google press release: https://cloud.google.com/blog/products/storage-data-transfer/google-enters-agreement-to-acquire-actifio

FedEx will acquire the e-commerce platform ShopRunner by the end of 2020. The e-commerce platform will use FedEx’s logistics systems to operate as a subsidiary of FedEx Services. The organization was structured by FedEx to integrate the technology and services to generate solutions for global supply chains and e-commerce.

Media report: https://medium.com/shoprunnerblog/fedex-to-acquire-shoprunner-to-expand-e-commerce-capabilities-3b7da81699aa

ShopRunner press release:  https://www.businesswire.com/news/home/20201202005750/en/FedEx-to-Acquire-ShopRunner-to-Expand-E-Commerce-Capabilities

Canadian security services firm Gardaworld wants to buy out the UK-based G4S. GardaWorld has upped its offer for the takeover of G4S by 24%. The initial offer, made at the end of September, offered G4S shareholders a price of 190 pence per share. That has now been increased to 235p per share raising the total value of the deal to 3.7 billion GBP, equivalent to $6.4 billion in Canadian funds.

Media report: https://www.theguardian.com/business/2020/dec/02/canadian-security-firm-gardaworld-raises-g4s-takeover-offer-to-37bn

GardaWorld investor relations release: https://www.garda.com/investor-relations/legal

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Kate Baggott

Kate Baggott

Kate Baggott is the Managing Editor of B2BNN. Her technology and business journalism has appeared in the Technology Review, the Globe and Mail, Canada Computes, the Vancouver Sun and the Bay Street Bull. She is the author of the short story collections Love from Planet Wine Cooler and Dry Stories. Links to recently published pieces can be found at www.katebaggott.com