Top Ten Tech M&A Transactions This Week 7/25/25 by Ascento Capital Invest

Deal of the Week

7/22/25 Amazon acquires Bee, the AI wearable that records everything you say

Amazon has acquired the AI wearables startup Bee, according to a LinkedIn post by Bee co-founder Maria de Lourdes Zollo. Amazon confirmed the acquisition to TechCrunch but noted that the deal has not yet closed.

Bee, which raised $7 million last year, makes both a stand-alone Fitbit-like bracelet (which retails for $49.99, plus a $19-per-month subscription) and an Apple Watch app. The product records everything it hears — unless the user manually mutes it — with the goal of listening to conversations to create reminders and to-do lists for the user.

Zollo told TechCrunch last year that the company hopes to create a “cloud phone,” or a mirror of your phone that gives the personal Bee device access to the user’s accounts and notifications, making it possible to get reminders about events or send messages.

TechCrunch

7/25/25 Corpay agrees $2.2bn deal to buy Alpha Group International

US corporate payments company Corpay is continuing its acquisition streak with a $2.2 billion agreement to buy Alpha Group International, a London-headquartered provider of B2B cross-border payment and foreign exchange (FX) solutions. The acquisition is expected to close in Q4 2025, pending regulatory and shareholder approvals.

In a statement to investors, Corpay says it will fund the purchase through "a combination of cash, debt, bank capital optimisation and non-core divestitures".

FinTech Futures

7/23/25 Waystar to buy Iodine Software for $1.25B to boost AI-enabled revenue cycle management

Waystar plans to acquire artificial-intelligence-driven revenue cycle management company Iodine Software, its first acquisition since going public last year.

Waystar, a healthcare payment software maker, announced a definitive agreement Wednesday to acquire Iodine Software from shareholders led by Advent International, a global private equity investor, for a total enterprise value of $1.25 billion.

The transaction will be funded with a 50/50 mix of cash and stock consideration, the company said. Upon closing of the transaction, current Waystar shareholders will own approximately 92% of the combined company on a fully diluted, pro forma basis, and Iodine equity holders will own approximately 8%. Advent, Iodine's largest shareholder, is expected to only receive Waystar shares in connection with the transaction and will agree to be locked up for 18 months after closing.

Fierce Healthcare

7/22/25 Palo Alto Networks in talks to acquire SentinelOne

Reports surfaced overnight that Palo Alto Networks is looking to acquire Israeli cybersecurity firm SentinelOne.

A CTech report cites “industry rumors” that the pair are in advanced negotiations, with SentinelOne valued between $8 billion and $10 billion.

SDxCentral

7/22/25 Blackstone to acquire majority stake in NetBrain Technologies

Global investment firm Blackstone announced it entered into an agreement to acquire a majority stake in network automation platform provider NetBrain Technologies. While financial details of the deal were not disclosed, Blackstone’s growth investment in NetBrain valued the technology provider at $750 million.

Network World

7/22/25 Datadog in Advanced Talks to Acquire Israeli Cybersecurity Firm Upwind Security for Up to $1 Billion

Datadog, a US monitoring and analytics company, is in advanced talks to acquire Israeli cybersecurity firm Upwind Security for up to $1 billion. Upwind operates in the cloud applications security space and provides real-time threat protection for software systems. The deal is expected to be Datadog's largest acquisition in Israel to date.

Upwind Security, founded in late 2022, has been making waves in the cloud applications security space with its innovative cloud security platform. The platform, often referred to as a CNAPP (Cloud-Native Application Protection Platform), provides real-time threat protection and risk prioritization for software systems. The company has raised a total of $180 million in funding, with a Series A round in December 2023 led by Craft Ventures and TCV, among others

AInvest

7/21/25 GE Vernova to buy France's Alteia for enhancing AI tools for utilities

Power equipment maker GE Vernova will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said on Monday.

GE Vernova already offers Alteia's software to customers through its GridOS Visual Intelligence. The tool helps utilities assess damage and inspect assets along thousands of miles of electrical lines.

Yahoo! Finance

7/21/25 SS&C Technologies to Acquire Calastone in £766 Million Deal

TCalastone, a London-based global funds network and technology solutions provider for the wealth and asset management sector, has entered into a definitive agreement to be acquired by Connecticut-based SS&C Technologies in a transaction valued at approximately £766 million (around US$1.03 billion).

The deal is subject to regulatory approvals and is expected to close in the fourth quarter of 2025.

Following completion, Calastone will become part of SS&C’s Global Investor & Distribution Solutions division.

Fintech News Network

7/21/25 Darktrace announces acquisition of Mira Security

Darktrace today announced the acquisition of Mira Security, a provider of network traffic visibility solutions. Building on the companies’ established partnership, the acquisition will strengthen Darktrace’s network security leadership by providing more insight from encrypted network traffic and more comprehensive decryption for customers in regulated industries.

Security InfoWatch

7/21/25 Roper Technologies to acquire AI engagement platform Subsplash

K1 Investment Management announced Monday that its portfolio company Subsplash has entered into a definitive agreement to be acquired by Roper Technologies, Inc. (NASDAQ:ROP), a member of the S&P 500.

The transaction is expected to close in the near term, according to a press release statement from K1. Financial terms of the deal were not disclosed. Roper has maintained dividend payments for 34 consecutive years and has raised its dividend for 11 consecutive years, demonstrating consistent financial strength.

Investing.com