Top B2B News for Dec 9, 2020: Cisco and Adobe Acquisitions

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B2B Mergers and Acquisitions, Product Launches and Appointments Report for December 9, 2020

 

Electric logistics: The road to launch of all-purpose electric B2B delivery vehicle just got smoother. On Monday, the SEC approved the Hennessy Capital Acquisition Corp. acquisition of Canoo, an electronic vehicle company that doesn’t see its vehicles but sells memberships so drivers can access them on full time, at will, basis. The deal will see Canoo become a public company. It has also allowed the company to push forward the release sate of its B2B delivery vehicle to December 17, 2020.

Press release: https://www.globenewswire.com/news-release/2020/12/07/2140636/0/en/Hennessy-Capital-Acquisition-Corp-IV-Announces-Effectiveness-of-Registration-Statement-and-Record-and-Meeting-Dates-for-Special-Meeting-of-Stockholders-to-Approve-Proposed-Business.html

Expanding Services: This week Cisco has declared its intention to acquire both Sli.do and IMImobile PLC. Slido is a Q&A and polling app designed to engage meeting and event participants. The app will become part of Cisco Webex platform. IMImobile provides a multi-channel customer interaction management software suite that enables constant connection between businesses and their clients through enhanced interactive channels whether social, messaging or voice.

Cisco acquisitions summary: https://www.cisco.com/c/en/us/about/corporate-strategy-office/acquisitions/acquisitions-list-years.html

Hypercharged marketer management: Adobe has completed its acquisition of Workfront, a work management platform for marketers. The platform supports marketing teams to strategize, create, deliver and track campaigns whether on-site or working remotely. The two companies already share over 1,000 shared customers, including Under Armour, Nordstrom, Prudential Financial, T-Mobile and The Home Depot.

Press release: https://news.adobe.com/news/news-details/2020/Adobe-Completes-Acquisition-of-Workfront/default.aspx

 

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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