M&A

Databricks, a pioneering unified data and AI platform, has penned a definitive agreement to acquire MosaicML, a renowned GenAI platform.

Insurance Quantified, a leading commercial property and casualty (P&C) underwriting technology provider, has announced its acquisition of Groundspeed Analytics, renowned for being the market frontrunner in ingestion and data solutions within the commercial P&C industry.

Robinhood, a stock trading app, has struck a deal to acquire X1, an innovative credit card startup, for a significant $95m cash settlement.

Risk management and quality assurance provider, DNV, has seized full ownership of the Helsinki-based cyber security services firm, Nixu.

Liberty Mutual Insurance, a global provider of various insurance products and services, has confirmed a definitive agreement to sell its Madrid-headquartered personal lines and small commercial insurance business, Liberty Seguros, S.A., to Generali Group.

Amsterdam-based Backbase, a global leader in engagement banking software, has announced the acquisition of Nucoro, a digital wealth platform based in the UK. The terms of the deal remain undisclosed, bringing together two key players in the world of FinTech.

NymCard, a pioneer in payment infrastructure in the MENA region, has finalised the acquisition of Spotii, a BNPL firm.

Green Check Verified, a cannabis banking solutions firm, has acquired Komplyd, a CaaS platform targeting the cannabis industry.

ALKEME, a top 50 insurance brokerage in the US, recently announced its acquisition of the Lincoln Insurance Group. Based in Utah, Lincoln Insurance Group is a full-service insurance agency that was established in 2006.

CBIZ has announced the strategic acquisition of information security consulting firm Pivot Point Security for $6.6m.