In July, Salsify, an AI-powered, cloud-native B2B product experience management and software platform based in Massachusetts, was purchased by UK-based private equity company focused on tech and consumer businesses Cinven for $775 million at a 4.2 times sales multiple due to its attractive value proposition, loyal customer base, and growth potential.
Also in July, Algonomy Software, an Indian AI-powered commerce platform, was scooped up by Malaysian data and AI experience company ADA Global to enhance its AI capabilities in personalization, merchandising, and supply chain intelligence.
In August, Skyrise Intelligence, an audience design and location intelligence platform headquartered in the United Kingdom, was acquired by Taptap, an area-based marketing platform from Spain, to amplify its AI-powered location intelligence platform.
DoubleVerify, a New York-based digital media measurement and analytics software platform, was acquired by New York-based media audience measurement firm Nielsen for $2.3 billion at a 15.6 times EBITDA multiple to strengthen media verification capabilities across the digital advertising ecosystem.
Californian product development visual collaboration innovative and whiteboarding platform company Miro was snatched by Bending Spoons, an Italian technology conglomerate, for $1.8 billion at 2.3 times revenue multiple as Miro's scale, enterprise focus, and growth profile align with the Bending Spoons’ long-term investment strategy.