M&A; Activity Around The Globe: ININ, ATIO Corp., ACTG, ADAPTIC Inc., TPG Capital, Olympus
Friday, January 13, 2022 9:10 AM

As the US stocks trade lower on Friday, with shares of JPMorgan falling after it reported disappointing results, several M&A activities took place around the world. Some notable M&A activities are discussed here.

Interactive Intelligence Acquires South African Reseller’s Contact Center Business

Interactive Intelligence Group (Nasdaq: ININ) said on Friday that it has signed an agreement to purchase select Interactive Intelligence-related contact center assets of its South African-based reseller, ATIO Corp. Pty Ltd. Interactive Intelligence is a global provider of unified IP business communications solutions. Under the terms of the agreement, effective Jan. 1, 2012, these assets are now owned by Interactive Intelligence Group Inc. The new company will operate as Interactive Intelligence South Africa Pty Ltd. As part of the all-cash transaction, Interactive Intelligence South Africa Pty Ltd. will employ approximately 40 ATIO team members, and will begin direct support of nearly 40 joint ATIO and Interactive Intelligence customers located throughout South Africa and sub-Saharan Africa. The acquisition is considered to be part of Interactive Intelligence’s strategy to grow its existing operations in key international geographies, which began early last year with reseller acquisitions in Germany and Australia. The acquisition is also expected to support its cloud-based communications-as-a-service business in the area. ININ last traded at $25.65 per share, up 3.47 percent on Thursday.

Acacia Research Acquires ADAPTIX for $160 Million

Acacia Research Corporation (Nasdaq: ACTG) said Friday that its subsidiary has acquired ADAPTIX, Inc., a pioneer in the development of 4G technologies for wireless systems, for $160 million. ADAPTIX currently has $10 million in cash, and is an award-winning technology company long recognized in the industry as one of the first developers of cutting edge 4G wireless systems. With patents filed as early as 2000, ADAPTIX’s research and development efforts have resulted in one of the world’s most significant intellectual property portfolios focused on 4G technologies. With its rapidly growing portfolio of 230 issued and pending patents in 13 countries, ADAPTIX’s innovations extend across a broad range of 4G technologies including OFDMA and MIMO. The terms of the deal were not disclosed by the companies. The acquisition is expected to provide Acacia’s shareholders with a great opportunity to participate in the worldwide growth of 4G wireless technologies as Acacia continues to expand its patent licensing business. ACTG last traded lower by 0.08 percent to $36.98 a share.

TPG Capital Considers Investing $1 Billion in Olympus: Reuters

Private equity firm TPG Capital is said to be in consideration for investing $1 billion in Japan’s troubled healthcare products maker Olympus. TPG could invest the money in a joint deal with Sony Corp. or other suitors which are planning to get in the joint venture with the scandal hit firm. TPG has informed executives at Sony, Canon Inc, Fujifilm Holdings and Panasonic Corp of its interest in providing capital and expertise to help revive the maker of medical equipment and cameras, Reuters said citing the person with the knowledge. Olympus has been seeking a friendly investor to make a minority investment and help its business recover from a $1.7 billion accounting scandal that has crushed its stock price and left a big dent in its balance sheet. Yesterday, we had said that Samsung Electronics is also considering a joint venture with Olympus.