SpotSaaS Weekly Roundup #4

This Week In The SaaS Universe- Updates & Highlights With SpotSaaS Weekly Roundup

Latest Funding News

Octopus rolls out €220 million to drive green power generation, backs Exagen to build the largest battery in UK

Company Name	Octopus
About the company	Energy Group
Founder Name	Zoisa North-Bond
Fund raised	€220 million
Investors	Canada Pension Plan Investment Board and Origin Energy
How will the company use the money	To build new green energy and rapidly grow the energy storage capacity in the U.K.

Berlin’s smart tech for senior citizens, marta picks up €6.6 million

Company Name	marta
About the company	Smart tech for senior
Founder Name	Philipp Buhr and Jan Hoffmann
Fund raised	€6.6 million
Investors	Capnamic and Almaz Capital
How will the company use the money	To expand the core team, scale business processes and set new standards for the live-in care sector

B2B SaaS Zeew secures $630k Seed Funding

Company Name	Zeew
About the company	On-demand delivery technology
Founder Name	Mohamed Ghaith
Fund raised	$630,000
Investors	Plug and Play Ventures, Poland Prize, and angel investors
How will the company use the money	To grow the team and customer base and to build marketplaces including logistics, in more than 100 countries.

Mergers & Acquisitions

SpotLite360 IOT Solutions, Inc. Closes Acquisition of Reti Capital Corp

BTTD is a well-known national provider of data-driven digital content that engages audiences, amuses them, encourages interaction, and boosts sales on a variety of digital platforms. One platform they use to share the digital material they create is ImFromDenver.com, which has best-in-class consumer engagement figures.

This platform receives over 300,000 unique visits every day on average and frequently receives over 600,000 visitors. The site received more than 15 million views in a recent 28-day period. Their website consistently ranks in Colorado’s top three most popular among visitors. The greater possibility will be presented to scale the supply chain digital twin among SpotLite360’s clientele as a result of the purchase of BTTD.

OpenText to acquire Micro Focus in $6bn transaction

Mark Barrenechea, CEO of OpenText, talks about stabilizing Micro Focus company and accelerating its move to the cloud. Micro Focus has struggled to find growth and to integrate the $8.8 billion acquisition of HPE Software in 2017, while its SaaS transition has been slow with revenue of just $136 million, or 5% of total revenue, according to OpenText briefing documents.

This is despite recently reaching an inflexion point and slowing the rate of revenue decline. With resources like the Business Network cloud platform and cloud sales of $1.5m, or 44% of total revenue, OpenText is further along in its cloud journey.

MiX Telematics to acquire Trimble’s Field Service Management Business

Trimble is an industrial technology business that is reshaping society by providing services that help clients succeed. The digital and physical worlds are connected by fundamental technologies in location, modelling, networking, and data analytics, which enhance productivity, quality, safety, transparency, and sustainability.

Trimble is redefining sectors like agriculture, construction, GIS, and transportation with products that are specifically designed for them as well as enterprise lifecycle solutions.