Seattle Roundup: More M&A from DocuSign, Inrix, Microsoft, Wave
The acquisitions by local tech companies continued this week. DocuSign grabbed a division of OpenTrust, Microsoft bought Adallom, Wave Broadband snapped up Layer42, and Inrix acquired ParkMe. Meanwhile, Chef pulled down a big funding round and the Washington Technology Industry Association launched a software developer apprenticeship. Read on for details:
—Kirkland, WA-based INRIX has acquired ParkMe of Santa Monica, CA, to fill out its suite of driving information services. INRIX, which collects and sells real-time traffic data to car makers, governments, and businesses, said the acquisition will bolster its parking data services, currently offered on some luxury vehicles. ParkMe has a database of more than 29 million parking spaces around the world and allows drivers to locate, reserve, and pay for parking on streets and in private lots. Terms were not disclosed.
—Microsoft has acquired cloud security company Adallom, a three-year-old Israeli startup that focuses on access to data and apps in the cloud. TechCrunch cites unnamed sources pegging the purchase price at $250 million.
—DocuSign, the digital transaction management company with San Francisco headquarters and a large Seattle presence, said it has an agreement to buy the Trusted Documents and Transactions division of OpenTrust, based in Paris, France. The companies have partnered for years. DocuSign said the acquisition will bolster its global footprint. “As the market leader in France, OpenTrust offers a high performance team, strong customer focus, world class EU-accredited technology, and deep market expertise,” said DocuSign chairman and CEO Keith Krach in a statement. Terms of the deal, expected to close in the fourth quarter, were not disclosed.
—Broadband Internet and telecomm services provider Wave is expanding its California footprint with the acquisition of Layer42 Networks, which sells Internet connectivity, colocation, and data transport services to businesses. Kirkland, WA-based Wave counts some 430,000 residential and business customers in Oregon, Washington and Northern California. Wave says Layer42 has a strong position in Silicon Valley, particularly Mountain View, CA.
—Seattle IT automation software provider Chef pulled in a $40 million late-stage funding round from DFJ Growth and earlier backers. The cash will fund geographic expansion as Chef takes its flavor of the “DevOps” movement to more enterprise customers around the world.
—The Washington Technology Industry Association will use a $3.5 million federal grant to create a registered apprenticeship program for would-be software developers. It aims to train 600 people over the next five years.