Telecoms

Indoor positioning technology producer Devawave was acquired by Qorvo reportedly for $400m, giving an exit to LG and ST Electronics

Wipro Ventures was given an exit from email security software developer Emailage, which was acquired by LexisNexis Risk Solutions. The sizeable exit is part of the wider cybersecurity space, which has received much attention by corporates over the past decade.

The financial services provider aims to secure some 200 limited partners for a vehicle that will meld industry 4.0 technology with Japan's Society 5.0 initiative.

Just ahead of our third annual GCV Israel conference, we take a quick look at corporates’ interest in the rich venturing and innovation scene of Israel.

Sue Siegel, who featured on GCV's Powerlist five times from 2014 to 2019, has won the Lifetime Achievement Award 2020 for service to the venture and innovation ecosystem.

Ahead of our record-breaking GCV Innovation Summit in California this week, we are offering an excerpt from our latest World of Corporate Venturing 2020, analysing data from 2019 and the past decade, where we have combined data from GCV Analytics and data provider PitchBook.

Visa is to acquire one of its portfolio companies, financial data network operator Plaid, in multi-billion-dollar transaction, which comes only four months after its latest commitment to the company along with its peer Mastercard.

Kairós Digital Solutions has hired Pedro Trucharte, who helped set up MásVentures for MásMóvil, to establish its corporate venturing vehicle, Kairós Ventures.

MDI Ventures’ acting chief executive, Setyanto Hantoro, has shifted to managing director of another Telkom Indonesia subsidiary, Telkomsel.

Honeywell has appointed a new director of ventures, John Wong, who has experience in corporate development and strategy with an IoT and wireless technology focus at InterDigital, GE and SoftBank.

Voice communication technology provider Teravoz has been acquired for an undisclosed amount by Twilio, allowing Telefónica subsidiary Wayra Brasil to exit with a 30-times return.