Swedish cybersecurity startup Baffin Bay Networks acquires US-based Loryka

Stockholm-founded cloud-based cybersecurity startup Baffin Bay Networks has announced its expansion to the US by acquiring Loryka, which focuses on botnet and IoT research. The acquisition follows a $6.4 million funding round Baffin Bay raised in June 2018. Launched in 2013 as a research project, Loryka has grown into a research data platform and a […]

Belgium’s APROPLAN and Denmark’s GenieBelt merge into a new construction tech startup, LetsBuild

Brussels-based APROPLAN and Copenhagen-based GenieBelt have announced a merger. The newly created company, LetsBuild, will employ 120 people and be active in construction space in 35 countries across the world. In addition to that, the new company has just raised an undisclosed amount from existing investors, including Fortino, Inventures, Enern, Solar A/S, and Nordic Makers. […]

Estonian online authentication startup Veriff acquires BrowserID

Tallinn-based online identity verification startup Veriff has acquired BrowserID, an Estonian network intelligence company, for an undisclosed amount. BrowserID will continue providing its services to existing clients, while its founder Argo Mändmaa will stay at Veriff as the fraud product manager. Founded in 2015, Veriff is an anti-fraud startup, which provides real-time ID, photo and […]

NuCom acquires a majority stake in Aroundhome for €140 million

NuCom, the e-commerce arm of the media company ProSiebenSat.1, has acquired a majority stake in Aroundhome, a German online broker for household products and services. NuCom increased its stake from 42 percent to 94 percent in a deal worth €140 million; it purchased a 42 percent stake from General Atlantic and the rest from the […]

Iceland-founded Meniga acquires Swedish rewards platform startup Wrapp

Meniga, an Iceland-founded company that offers digital and marketing products for banks, has acquired Stockholm-based rewards platform Wrapp. The two companies have been offering a similar product, that is transaction-driven rewards, in Iceland (Meniga) and Sweden and Finland (Wrapp) but will now merge the offering under the Meniga brand. The amount Meniga has paid for Wrapp […]

US-based DXC acquires Russian-founded software development company Luxoft for $2 billion

US-based IT services company DXC Technology has reached a definitive agreement to acquire Luxoft, a custom software development company founded in Russia and currently headquartered in Switzerland, for $2 billion in an all-cash deal. “Luxoft and DXC are highly complementary, and our shared vision of digital transformation makes this strategic combination a great fit for both […]