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

New this week

Read Ben Boissevain’s comments in the Observer about acqui-hires.

10/20/25 Apple Is a Master of Acqui-Hire as It Quietly Grabs Top Talent in A.I. Race

Deal of the Week

10/21/25 TPG and Blackstone To Acquire Women’s HealthTech Co. Hologic for Up to $18.3B

San Francisco- and Fort Worth-based investment firm TPG is teaming up with New York’s Blackstone to acquire medical-technology company Hologic Inc. (Nasdaq: HOLX) in a deal valued at up to $18.3 billion.

The transaction represents a 46% premium to Hologic’s closing price on May 23—the last full trading day before media reports of a potential transaction involving Hologic—according to the companies’ joint announcement. The deal also includes minority investments from a subsidiary of the Abu Dhabi Investment Authority and an affiliate of GIC.

Dallas Innovates

10/23/25 OpenAI buys Sky, an AI interface for Mac

OpenAI announced on Thursday it has acquired Software Applications, Inc., the makers of an AI-powered natural language interface for Mac computers called Sky.

The software product, which had not been released to the public, is designed to work alongside you throughout your day, as you use apps on the computer, writing, planning, coding, and more. Similar to AI browsers, Sky can see what’s on the your screen and take action in your apps for you.

The move is a significant step toward embedding OpenAI’s technology into consumers’ everyday lives and within businesses that run on Mac.

Tech Crunch

10/23/25 Modern Treasury enhances money movement platform with Beam acquisition

Modern Treasury has acquired stablecoin and fiat payment platform, Beam, a move that is set to enhance the former’s money movement platform by integrating Beam's technology and team.

This initiative enables Modern Treasury’s platform to encompass both traditional and stablecoin settlement methods.

The platform is designed to support transactions through stablecoins, card-based payments, and traditional rails and wire transfers, all accessible via a single application programming interface (API).

Yahoo! Finance

10/22/25 NTT DATA announces acquisition of Alchemy Technology Services 

Technology services provider NTT DATA has announced the acquisition of Alchemy Technology Services, a consultancy with specialisation in insurance technology.  

Financial terms of the deal have not been disclosed.  

The purchase is part of NTT DATA’s initiative to address the challenges of the insurance industry surrounding agility, modernisation and scalability. 

Life Insurance International

10/21/25 TrueLayer to Acquire Pay-by-Bank Fintech Zimpler

UK open banking platform TrueLayer unveiled today that it will acquire Sweden-based pay-by-bank company Zimpler. The financial terms of the deal were undisclosed.

TrueLayer will leverage Zimpler’s strong standing in the Nordic market to expand its network and expertise. The purchase will support TrueLayer’s mission to build a payments alternative in Europe, which will in turn create competition and increase value for customers.

“We’re not just expanding our footprint in the Nordics—we’re combining talent, technology, and scale to accelerate Pay by Bank adoption across the continent,” said TrueLayer Co-Founder and CEO Francesco Simoneschi.

Finovate

10/21/25 Veeam to acquire Securiti for $1.7B+ to accelerate safe AI at scale

Veeam Software Group GmbH today announced a definitive agreement to acquire Securiti Inc. for $1.725 billion, by far the largest purchase made by the company to date.

Though Veeam has made many acquisitions under the tenure of Chief Executive Anand Eswaran (pictured), this is the first in the security market. As a data protection company, Veeam can be thought of as “security-adjacent,” but now squarely enters the artificial intelligence cybersecurity race.

Securiti had raised $156 million from three rounds of funding with major investors, including Mayfield, General Catalyst, Workday Ventures and Capital One Ventures. The $1.725 billion is about three times its last valuation of $575 million. Though this may seem steep, valuation in the software-as-a-service and cybersecurity markets is often judged by revenue multiples.

Silicon Angle

10/21/25 Coinbase Strikes Deal for Crypto-Investing Platform Echo

Coinbase Global has struck a roughly $375 million deal to acquire Echo, a platform that allows crypto companies to quickly raise capital directly on the blockchain, executives told The Wall Street Journal.

The acquisition marks Coinbase’s eighth deal so far this year, as the country’s largest crypto exchange capitalizes on momentum under President Trump’s crypto-friendly regime.

The Wall Street Journal

10/21/25 EQT eyes expansion into secondaries with talks to acquire Coller Capital, HarbourVest

EQT is exploring a move into the fast-growing secondaries market and has held preliminary talks with several potential acquisition targets, including Coller Capital, HarbourVest Partners, and Pantheon, according to Bloomberg.

The discussions are at an early stage, and no transaction has been finalised. The Stockholm-listed private equity firm is seeking to expand its private market solutions business through the acquisition of a dedicated secondaries platform.

Private Equity Insights

10/21/25 Atomic Data Bolsters Large Venue Capabilities with Acquisition of Venue Wireless

Atomic Data, a leading IT services provider and technology teammate, has announced the acquisition of Venue Wireless, a specialized IT service provider for sports and entertainment venues.

Venue Wireless has built a strong reputation across North America for delivering technology solutions to large, complex venues. Its expertise in high-density wireless network deployments and IT infrastructure projects makes it a strong complement to Atomic Data’s full-service managed IT capabilities.

The Manila Times

10/20/25 KPMG Accelerates AI Strategy with Agreement to Acquire YData's IP and Technology Assets

KPMG today announced the execution of a definitive agreement to acquire the intellectual property and technology assets of YData Labs Inc., a leading synthetic data startup founded in 2019. With this acquisition, KPMG will strengthen its artificial intelligence (AI) client offerings, harness synthetic data to enhance AI-enabled client delivery for Audit and Assurance, Tax and Advisory services, and establish a Synthetic Data Center of Excellence (COE) designed to accelerate innovation and safeguard client confidentiality.

News File Corp