November 17, 2020

Cyndx Insights is your daily window to the business world, focusing primarily 
on M&A activities, capital markets, and important technology trends.

Daily Insights provides global business coverage and categorizes
financial news from U.S.Europe and Asia.

U.S. & Canada

IBM to Buy TruQua

IBM is to acquire TruQua Enterprises, LLC, a Chicago, IL-based IT services and consulting SAP development partner that specializes in delivering finance and analytics solutions to Fortune 500 companies. Read more on Finsmes
Image: Michael Vi /

Comcast to Fold Comcast Ventures into Corporate Business Division

Comcast is folding Comcast Ventures into its corporate business development unit led by Sam Schwartz. Comcast will determine who will stay with the fund as its strategic focus narrows to investments that support Comcast initiatives. Read more on
Image: turbaliska/

PwC Spins Out Fintech Unit

Big Four accountancy firm, PricewaterhouseCooper, has spun off its financial data capture technology unit amid a regulatory crackdown on perceived conflicts of interest. Read more on Finextra
Image: Michael Vi

Amazon Launches Online Pharmacy in New Contest With Drug Retail Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens, CVS and Walmart. Read more on Reuters
Image: MACH Photos /

Predictive Analytics Firm Files for IPO, the predictive analytics firm founded by CRM giant Tom Siebel, today announced plans for an initial public offering (IPO) of stock. It intends to trade shares on the New York Stock Exchange under the ticker symbol “AI.” Read more on
Image: venimo /

Francesca’s Will Close 140 Stores, May File for Bankruptcy

Francesca’s said it will permanently close about 140 stores by the end of January. The apparel and accessories retailer warned that it may have to take more significant steps to stabilize its finances. Read more on

Image: Susan Montgomery /

Cyndx Custom Comps Identifies the Right Comparable Sets For Your Deals

In seconds, you can now establish a framework for private company valuations, based on public company trading metrics.  Edit and add comps on the fly with real-time recalculations.  See it now on Cyndx

Image: Chesky /

U.S. Capital Raising and M&A Highlights

Click here to access today's announcements

International News

EQT Acquires Majority Stake in thinkproject

EQT will acquire a majority stake in thinkproject, a Euopean SaaS provider for construction and engineering projects, from TA Associates and thinkproject founder Thomas Bachmaier.  Read more on

Image: ra2 studio /

Pandemic Prompts Investors to Accelerate Deployment of Capital into European VC 

Mountside Ventures and ALLOCATE, today released their inaugural annual report entitled, "Capital Behind Venture 2020." The report provides insights on VC firms looking to raise funds from LPs who actively invest in Europe's growing VC ecosystem. Read more on
Image: Natasha Azdic  /

Reliance Retail Buys Urban Ladder for $24.5M

Reliance Retail has acquired a majority stake in furniture and decor platform Urban Ladder, making a broader push into e-commerce as the largest retail chain in India gears up to fight Amazon and Flipkart. Read more on
Image : Dizain /

InvestiNation Crowdfunding Platform Opens to Accredited US Investors

The online platform offers proprietary investment opportunities with Israeli companies in fintech, proptech, contech, medtech, edtech, enterprise software, and other burgeoning fields. Read more on
Image: Andrey Popov /

How The Cloud Adds Value to Open Banking Business Models and Strategy

Following the implementation of the Second Payments Services Directive, banks are now shifting gears and going beyond the regulatory requirements by leveraging the benefits of open APIs to cater to customer needs and innovate open banking business models. Read more on Finextra
Image: PopTika  /

International Capital Raising and M&A Highlights

Click here to access today's announcements

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