In keeping with our mission to provide comprehensive advertising analysis, MediaRadar puts together a report of the most important mergers and acquisitions news each week. Stay in the loop, whether you sell advertising space or focus on business development. 

This week, Square purchased Stitch Labs, Colliers International plans to diversify revenue with Maser Consulting and Twilio acquired Electric Imp.

Square Inc. picks up Stitch Labs

Square Inc., a merchant services aggregator and mobile payment company announced that it has acquired Stitch Labs, Inc. Financial terms of the deal weren’t disclosed, and Stitch Labs’ products will stay operational until the team integrates into Square next Spring. 

Founded in 2011, Stitch Labs is a software company that makes operations tools for commerce businesses. The software company offers inventory management, order management, channel management, and fulfillment tools for its customers. 

This acquisition comes less than a month since Square acquired the Spanish P2P payment app, Verse. Square’s expansion in these areas should come as no surprise as its stock price is up over 80% year-to-date, a sign that the pandemic might have accelerated the digitalization of merchant services and the adaptation of mobile payment.  

Colliers International completes purchase of Maser Consulting

Colliers International, a leading global commercial real estate and investment management firm, has completed its acquisition of a controlling interest in the multi-discipline engineering design service, Maser Consulting. 

Under the terms of the deal, Maser’s senior management team will remain, and the operations will be rebranded as “Colliers Engineering Services.” 

Maser has consulted public and private sector clients in markets ranging from infrastructure, transportation, telecommunications, environmental, and property/building. Last year the company generated $167 million in revenue. 

The acquisition by Colliers is part of the firm’s strategy to diversify revenue. Entering the engineering design services sector will strengthen Colliers’ Outsourcing & Advisory segment, while adding synergy to Colliers Project Leaders project management business. 

Twilio acquires IoT startup Electric Imp

The cloud communications platform service Twilio has purchased “Internet of Things” (IoT) startup, Electric Imp, in a move to scale up its connected device business. 

Twilio originated as an application programming interface (API) software provider that enabled developers to build SMS and calling features into their apps. Expanding further into the IoT market gives the company more opportunity to expand upon its 62% growth year-over-year in revenue during the last quarter of 2019. 

Electric Imp offers a variety of products including hardware, software, and cloud services that help enterprises manage large fleets of connected devices. The company has  raised $44 million in funding, and, according to its website, its technology is used in more than 430,00 devices. 

Last year Twilio also acquired an email API platform SendGrid in a deal valued at approximately $3 billion. The acquisition of Electric Imp gives Twilio a foothold to compete with the massive players in the cloud-connected device market such as Amazon Web Services, Google, and Microsoft. 

In Other News

Want to know more about pending agreements and deals in the rumor mill? Here’s more:

• RSG Group, a German-based fitness and lifestyle company, is set to acquire Gold’s Gym in a bankruptcy court-approved auction for an estimated $100 million.

• Following the acquisition of Simplecast, Sirius XM has now struck a deal to acquire Stitcher from E.W. Scripps for $325 million. 

• Semiconductor maker Analog Devices Inc. is acquiring its rival Maxim Integrated Products Inc. in an all-stock deal for $20.91 billion in one of the largest merger transactions of the year. 

• German software company TeamViewer has signed a definitive agreement to acquire Ubimax, a leader in wearable computing and augmented reality (AR) solutions. 

• Weeks after Softbank Group Corp. agreed to sell up to $21 billion worth of its shares in T-Mobile, the Japanese conglomerate is again mulling a sale of its assets. According to the Wall Street Journal, Softbank is exploring strategic alternatives. 

• E-commerce software provider BigCommerce has just filed for initial public offering, at a time when online shopping has surged due to the coronavirus pandemic.