Companies close 109 deals in 2020 & private equity firms (barely) lead the way
For our annual mergers and acquisitions special report, we’ve tracked over 100 deals that closed during calendar year 2020.
The 109 transactions that closed last year are down from the 119 that closed in 2019, but still significantly higher than the 80 completed in 2018.
We’ve witnessed an extraordinary pace of acquisitions in the past two full years and in looking at the deals so far this year, it seems that the extraordinary might just become the ordinary.
As we look at these deals, we see common themes. Companies continue to buy companies for access to customers and contracts, the need to add critical capabilities to build portfolios, and scale still counts, but often as a strategic play.
$10M gift will help fuel discoveries at Innovation Campus
Published Monday, Jan. 18, 2021, 12:10 am
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Mehul and Hema Sanghani. Photo courtesy of the Sanghanis/Virginia Tech.
Virginia Tech’s growing impact in the greater Washington, D.C., metro area will receive a significant boost thanks to a multimillion-dollar gift from Octo founder and CEO Mehul Sanghani and his wife, Hema Sanghani.
The couple’s $10 million gift primarily supports the newly renamed Sanghani Center for Artificial Intelligence and Data Analytics, which will be headquartered in the first academic building at the university’s Innovation Campus in Alexandria.
Virginia Tech’s growing impact in the greater Washington, D.C., metro area will receive a significant boost thanks to a multimillion-dollar gift from Octo founder and CEO Mehul Sanghani ’98 and his wife, Hema Sanghani ’99.
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Octo today announced the addition of Letitia “Tish” Long to its Board of Directors. Long served as a civilian from 1978 to 2014 in positions of increasing responsibility in Naval Intelligence and the Intelligence Community (IC), culminating in her appointment as Director of the National Geospatial-Intelligence Agency (NGA). In this capacity, Long was the first woman in history to serve as the head of a major intelligence agency.
The addition of Long brings to Octo’s Board of Directors further focus on the IC, a core customer, and marks Octo’s history of commitment to the IC: in 2019, Octo acquired Connexta, a leading provider of enterprise data discovery software used across the IC and by U.S. allies around the globe.
Octo Combines with Sevatec, Expanding Capabilities, Solutions to Federal Government businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.