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M/C Completes Acquisition of AerioConnect, Establishing a Platform in Residential and Commercial Broadband

M/C Partners, a Boston-based Communications and IT Services focused private equity firm, announced the acquisition of AerioConnect, LLC. (“Aerio”), a leading Internet Service Provider to multi-family and commercial clients in the greater Los Angeles market. Aerio currently serves over 9,000 subscribers across 400 buildings in the greater Los Angeles market. The acquisition closed on September 30, 2020. Brady Adams, former CEO of Optic Access, has been appointed Chief Executive Officer and will be responsible for driving the company’s growth initiatives going forward.

“We are excited for the opportunity to partner with Aerio and build upon the strong foundation in residential and commercial broadband,” said Ryan Carr, Vice President at M/C Partners. “Our plan is to reinforce our commitments with our best in class, trusted partners by investing in our products and services while expanding our reach throughout the region.”

“I greatly appreciate the opportunity to join the Aerio team to

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Technology-focused SPAC Carney Technology Acquisition II files for a $350 million IPO

Carney Technology Acquisition II, a blank check company targeting the technology industry, filed on Friday with the SEC to raise up to $350 million in an initial public offering.

The Burlingame, CA-based company plans to raise $350 million by offering 35 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable $11.50. At the proposed deal size, Carney Technology Acquisition II would command a market value of $447 million.

The company is led by CEO, CFO, and Chairman David Roberson, who most recently served as SVP of Enterprise Servers, Storage and Networking at Hewlett-Packard, and Chief Acquisition Officer Lloyd Carney, who previously founded SPAC ChaSerg Technology Acquisition and served as CEO until its business combination with Grid Dynamics Holdings (GDYN; -11% from $10 offer price) in March of this year. Carney Technology Acquisition II plans to target technology companies

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DoD Announcements on “Adaptive Acquisition Framework”

During a press conference on Wednesday, October 7, 2020, Undersecretary of Defense for Acquisition and Sustainment (USD-A&S) Ellen Lord announced Department of Defense’s (DoD) latest efforts to overhaul how it intends to procure weapons, goods and services—with an emphasis on speed from design to fielding and on cutting operations and maintenance costs. Additionally, on August 13, 2020, acting Undersecretary of Defense for Research and Engineering (USD-R&E) Michael Kratsios committed to “doubling“ efforts to work more closely with nontraditional commercial suppliers, most notably startup companies, to help the DoD strengthen and maintain the nation’s position as the global leader in emerging technologies.

Both developments suggest considerable pathways for commercial innovators of these new technologies to work with the DoD in furtherance of its acquisition and R&D priorities. 

New DoD Acquisition Reform Initiative—AAF

According to Undersecretary Lord, the Department of Defense’s (DoD) new approach, called the Adaptive Acquisition Framework (AAF), will be

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Sound United Inks The Deal On Acquisition Of Bowers & Wilkins

Sound United LLC, the parent company to Denon, Polk Audio, Marantz, Definitive Technology, Classé, and Boston Acoustics, has today announced that it has finalized the acquisition of Bowers & Wilkins, the leading British-based designer and manufacturer of luxury home audio speakers, headphones, custom installation products, wireless speakers, and branded audio systems in the automotive and television markets. I originally reported on the possible acquisition back in June and news has just come through that the deal has been concluded. 

“Acquiring Bowers & Wilkins combines its industry-leading acoustic design, engineering and manufacturing expertise in the premium category with Sound United’s scale, technical acumen and consumer reach to ensure Bowers & Wilkins thrives moving forward,” said Kevin Duffy, CEO at Sound United. “Sound United has a strong track record of

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Why Ping Identity’s Acquisition of ShoCard May Preview Future of Security

Denver-based Ping Identity, which specializes in intelligent identity software, made official on Oct. 6 that it is acquiring personal identity management platform maker ShoCard to bolster its security platform. 

The acquisition was first announced in March during the company’s fourth-quarter 2019 earnings call. Financial terms of the deal were not disclosed, but according to Ping’s first-quarter statements, the vendor paid $4.7 million for ShoCard.

With the adoption of this technology, Ping Identity is paving the way for a new identity model in which end users are in control of the personal details they share with service providers, creating an all-around frictionless, privacy-first user experience. 

Ping CEO Andre Durand said that ShoCard brings a secure, easy-to-use solution to store and exchange personal identity data, using blockchain technology that will be integrated into the Ping Intelligent Identity Platform. Personal identity, also called decentralized or self-sovereign identity, creates a new way for consumers

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Bright Pattern Boasts Record Financial Growth, New Customer Acquisition, and Technology Leadership

  • Record bookings growth rate of over 100% year-over-year driven by new customer acquisition, new partners, and distribution channels including the largest master agent in North America
  • Top rated cloud contact center by industry analyst Omdia (formerly Ovum) ranking #1 for Platform Functionality, Reliability, and Interoperability in 2020
  • Highest rated cloud contact center by customers
  • Highest ROI and Fastest Time to Deploy of all CCaaS providers based on G2 customer reviews with a deployment time less than half the industry average (1.6 months) and an ROI payback period two times better than the industry average.
  • Highest availability in the industry recently measured at 99.999%+ for the last 12 months.

Frost & Sullivan Industry Director Nancy Jamison noted, “Companies looking at emerging channels, omnichannel, and AI would do well to look at Bright Pattern…All channels are native to the platform, enabling true omnichannel conversations and omnichannel quality management.” Bright Pattern also placed

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North Equity Announces Acquisition of Iconic Brands Including Popular Science, Saveur, Outdoor Life and Field & Stream

NEW YORK, Oct. 6, 2020 /PRNewswire/ — North Equity, a leading digital media venture equity firm, today announced that it has acquired a number of media brands from Bonnier Corporation. The acquisition includes Popular Science, Popular Photography, Saveur, Outdoor Life, Field & Stream, Better You and Interesting Things.

The additions complement North Equity’s robust home platform, where Saveur will join BobVila.com and Kitchenistic to form a new food category. They will also create a new specialty media vertical under Popular Science and Popular Photography, and expand North’s growing footprint in the military, tactical and outdoor verticals, where it recently added Task & Purpose, one of the leading digital media properties for active-duty military and veterans. 

“Since inception, the North team has proved our ability to acquire, reimagine and profitably grow media brands,” said Andrew Perlman, North Equity Managing Partner. “We have

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