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A handful of Austin-based mostly companies have been portion of merger and acquisition deals in the past several weeks, leading to advancement and expanded offerings for the firms included.
This is a roundup of some of these agreements:
Austin wellness corporations combine
Austin-centered Map Health Administration, an addiction procedure company that uses technologies and facts as portion of its peer restoration companies, has obtained Austin-based mostly Carmahealth.
Monetary terms of the offer were being not disclosed.
The acquisition will develop Map Health Management’s choices to include primary medicine, behavioral health and treatment administration, according to the company.
Map Well being Management was established in 2011, and delivers peer restoration assistance expert services, along with a telehealth platform and facts insights, to assist clients and their family members. Its system presents a suite of tech-enabled peer assist services and outcome reporting.
Austin-dependent Carmahealth was established in 2017 and specializes in main and psychiatric treatment for men and women with substance use disorders. It has workplaces in Texas, Florida and Virginia.
The blended comany will help promote long lasting recovery, stimulate self-treatment, improve therapy outcomes and reduce overall health treatment costs.
Map Wellness Management explained obtaining Carmahealth will broaden its peer-led aid capabilities and integrate a suite of professional medical providers that involve major medication, behavioral health and fitness and treatment management in one spot.
“It’s main to our mission to continue to evolve and produce the nation’s foremost peer-led behavioral health and fitness home,” Jacob Levenson, founder and CEO of Map Wellness Management, stated in a published statement.
Forcepoint adds to cybersecurity offerings
Austin-centered Forcepoint, which helps make cybersecurity software package, has acquired Britain-dependent cybersecurity company Deep Safe.
Fiscal phrases of the offer were being not disclosed.
Forcepoint helps make a cybersecurity system made to shield critical information and networks. It employs behavior-centered answers to adapt to security pitfalls in authentic-time, and protect community people, cloud access, eliminate breaches from insiders, and prevent private information from leaving the community.
Previous yr, aerospace giant Raytheon Technologies bought Forcepoint to San Francisco-centered world wide investment decision firm Francisco Partners.
Deep Secure, which is dependent in Malvern, England, makes cybersecurity products and software designed to safeguard businesses from malware assaults and prevent data loss.
The firms mentioned they plan to blend their current teams and engineering in the coming months. Sean Berg, Forcepoint’s president of worldwide governments and essential infrastructure, reported Deep Secure’s technological innovation will integrate with Forcepoint and allow for the mixed firm to offer you additional in-depth software package to federal government entities and other consumers.
Cellular Tech RX obtained by Plano company
Austin-based Cell Tech RX has been obtained by Plano-based asTech, which can make collision diagnostics engineering and offers connected companies.
Economic conditions of the deal had been not disclosed.
Mobile RX, which was established in 2014. will keep on to work in Austin next the acquisition. The organization said it expects grow its presence in the metropolis under the ongoing leadership of its recent CEO and co-founder, Eric Garves.
The enterprise helps make a platform that will allow mobile and store-dependent automotive professionals to estimate, invoice and manage collision get the job done and to accumulate data on the go. The enterprise takes advantage of equipment learning, like artificial intelligence and laptop eyesight. The company raised $4.2 million from Austin-based Silverton Partners in 2019.
Plano-based mostly asTech helps make a platform that proved remote diagnostic tools and services for the collision industry.
The acquisition will permit asTech to extend product or service choices and its shopper base. Cellular TechRX is at this time applied by far more than 4,000 automotive reconditioning and paintless dent repair businesses and has about 6,000 energetic technician buyers.