Seattle Roundup: Acquisitions via Zillow, TUNE, Remitly, & more
Benjamin Romano July 24 2015
We’re catching up this week on a spate of latest acquisitions, rumors of an IPO for Apptio, momentum for the Seattle business area cluster, funding for a carbon fiber recycling facility, and a new accomplice for Cambia Grove. the main points:
—Zillow, the Seattle online real estate massive, continues its acquisitive ways, snapping up DotLoop, which provides device for digital record editing, signing, sharing, and storing. The Cincinnati-based competitor to DocuSign will add to the instruments Zillow (NASDAQ: Z) deals people shopping for and promoting properties, accelerating the report-heavy technique of record a house, managing bargains, and closing a transaction. terms of the acquisition, expected to shut this quarter, weren’t disclosed.
—TUNE, a Seattle cellular marketing company, announced that it has bought Artisan cellular of Philadelphia, which makes software for app analytics, checking out, and marketing automation. TUNE prior to now snapped up different advertising instruments makers MobileDevHQ and Appfuel, filling out a collection of instruments to optimize cell marketing campaigns.
—Two Seattle-primarily based Techstars companies are joining forces. Remitly, which permits mobile cash transfers to India and the Philippines, introduced the acquisition of Talio, a cell messaging provider. As referred to in a press liberate, the deal brings all of Talio’s workers, including founders, to Remitly. the corporate, which raised $ 12.5 million in March, now has about 50 employees.
—Seattle’s first tech IPO of the yr could also be within the offing. The Wall side road Journal pronounced this week that Apptio, the Bellevue, WA-based maker of device for managing endeavor IT spending, is working with Goldman Sachs group, J.P. Morgan Chase, and bank of america to ready a public equity sale that would price the company at $ 1 billion.
—more momentum for the Seattle area’s commercial area cluster: last week, Planetary instruments, the Redmond, WA-based totally asteroid mining company, introduced that its Arkyd three Reflight (A3R) spacecraft used to be launched from the international space Station. The car embarks on a 90-day mission, testing avionics, regulate programs, software, and other core technologies so as to be used on future asteroid-prospecting spacecraft. Planetary instruments president and chief engineer Chris Lewicki calls A3R “probably the most refined, yet price-effective, take a look at demonstration spacecraft ever constructed.”
This week, the area Frontier basis introduced that it will grasp its NewSpace conference in Seattle in 2016. The conference has been in Silicon Valley for the ultimate nine years. The Washington State area Coalition and state department of Commerce worked to carry the experience, which makes a speciality of the short-rising non-public spaceflight industry, to Seattle.
—The Port of Port Angeles, WA, acquired a $ 2 million federal grant to increase its plan for the Composite Recycling technology heart, which we wrote about previous this summer season. the money, from the U.S. division of Commerce, will help retrofit a constructing for staff training and allow for discarded carbon fiber composites to be re-manufactured into new products. The federal funding fits $ 1 million from the Washington clean power Fund, and $ 1 million from local executive.
—Cambia Grove, the new Seattle house for healthcare entrepreneurs and innovators to connect with massive avid gamers within the business, landed a brand new anchor associate. Tacoma, WA-primarily based CHI Franciscan well being, which has a network of hospitals, clinics, and different clinical services, joins other Cambia Grove partners UW drugs, Regence BlueShield, EvergreenHealth companions, MultiCare, and Qliance.
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