Exit strategy: 5 NYC tech acquisitions to know

September 14, 2018

While acquisitions may be called “exits” in the startup world, these recently acquired companies are just getting started. In less than a week’s time, five NYC tech startups celebrated acquisitions that you need to know about. See which local companies are likely popping champagne bottles right now.


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Acquisition date: Sept. 12

News: NYC-based Wellpass was acquired by Denver-based Welltok in a move that will help bring sophisticated text messaging capabilities to community health resources. To-date, Wellpass, which is the brand behind “Text2Quit” and other text-based programs, has sent more than 400 million health messages and engaged with 3 million individuals. In addition to utilizing more direct messaging capabilities, Welltok will use the acquisition to expand its reach in Medicaid and government markets. Terms of the deal were not disclosed. [Press release]


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Acquisition date: Sept. 12

News: Coworking giant and NYC native WeWork acquired Utah-based Teem for $100 million. That may sound like a big chunk of change, but when you consider that WeWork has $9.1 billion in funding, it’s merely a drop in the bucket. Acquiring Teem, which creates office management software, fits in line with WeWork’s plans to become more of a tech company that offers insights for companies and less of a real estate giant that houses numerous startups. Teem will operate as its own brand within WeWork. [TechCrunch]


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Acquisition date: Sept. 10

News: NYC-based adtech startup Jun Group was acquired by Irvine-based Advantage Solutions, a provider of tech-enabled sales and marketing business solutions. The startup, which provides mobile video ad solutions for companies, will help Advantage deliver messaging across multiple devices, which will enhance personalization capabilities and increase conversions. Terms of the deal were not disclosed. [Press release]


image via meural

Acquisition date: Sept. 6

News: NYC-based Meural was acquired by San Jose-based Netgear in an acquisition that’s making digital art even more accessible. Meural, which was featured in Built In NYC’s 50 Startups to Watch in 2018 report, is a digital canvas that lets customers access an entire database of art to stream through its hardware. The acquisition will allow Netgear to add a Wii router inside the canvas to make the artwork more interactive. Terms of the deal were not disclosed. [Forbes]


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Acquisition date: Sept. 5

News: NYC-based SuperData, which provides market intelligence on gaming content, was acquired by The Nielson Company, whose brands include Nielsen Games and Nielsen Esports. The acquisition will give clients better access to global market intelligence around digital video gaming. Moving forward, SuperData will operate as “SuperData, a Nielsen company.” Terms of the deal were not disclosed. [Press release]



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