BBVA continues to believe that a technological renovation of the banking industry is necessary to be able to face the new business models in the financial sector, although for the moment the results of its investees are not being satisfactory. Proof of this is that in February this year it expanded its fund to invest in fintech to $250M, has carried out 4 operations so far this year and has announced that it intends to invest in Latin America in a short period of time.
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Last Entries
Nuance Communications acquires Agnitio, a Spanish biometrics company.
Nuance, the developer of the voice recognition technology used by the Siri virtual assistant, has acquired Spanish company Agnitio, which focuses on providing solutions for forensic applications as well as fraud prevention.
Venture capital invests in BPOs to grow companies and increase their value.
The BPO is a highly fragmented industry, where in order to grow and compete in the market, acquisitions must be made. Private equity is aware of this fact and enters BPO companies to provide them with liquidity, grow through acquisitions and then sell at a higher value. Some investors, who entered the sector early, such as Talde or 3i, have already successfully divested. Others like Carlyle and Pai Partners have just invested.
BBVA-owned Propel invests in insurance technology company Hixme
Propel Venture Partners, the venture capital fund owned by BBVA, has announced that it will invest in the startup Hixme, which uses technology to develop health plans tailored to the profile of each employee, which they can keep if they decide to change jobs.
Konecta acquires Allus Global, Latin America's leading BPO provider
Konecta has taken another step forward in the world of call centres and BPO (Business Process Outsourcing) services and has purchased the 100% of Allus Global BPO Center, a leading company in the sector in Latin America with a turnover of €220M at the end of 2015.Konecta has thus become one of the firms that has grown the most in the comprehensive outsourcing services sector and has gone from a turnover of €12M in 2000 to the 800 it will reach with the new operation.
Altia makes €2.9M profit in the first 6 months of the year. How does it do it?
Altia is a technology consultancy based in A Coruña, which in 2010 went public on the MAB and in the first six months of the year has managed to improve its numbers, compared to the same period of the previous year: a net profit of more than €2.9M (+28 % )an increase of 15 %...
New tech venture funds: Reimagine Food, Kfund and Ysios Capital
Two new funds have been launched in recent weeks: K fund for technology companies and Ysios Biofund II for biotech companies. In addition, Reimanige has announced that it will raise a €1ooM fund to invest in FoodTech companies.
Splio, the retail marketing software receives €10M
Splio supports retail and luxury brands in the development of their online and offline marketing strategies, in a personalised and efficient way. Its SAAS solutions include campaign and CRM management and customer experience management.
UK-based GTA, which provides services to the tourism sector, has bought Mallorca-based MTS Globe.
GTA has acquired the technology, hotel distribution and inbound services division of MTS, with the aim of expanding its services in the beach and sun segment and growing in the Mediterranean.
Nazca launches new fund What does Nazca invest in?
Nazca Capital, a Spanish private equity fund, has just raised a new €250M fund and bought 75% of Caiba, a plastics packaging manufacturer. We review their investments, since 2001, they have completed 40 transactions: 19 direct investments in companies, 12 additional acquisitions of companies from their investees and 9 divestments in which they have achieved an IRR of 45% per annum.
Ims health, the world's leading healthcare data analytics company, has acquired Spain's Iasist.
IMS went public in 2014 and has started to buy technology companies in the healthcare sector in order to offer a comprehensive service in all the geographical areas in which it operates. In December 2015 it bought the Spanish company Iasist and in 2016 it bought a company in Canada, another in Dubai and another in the US.
Hexagon manufacturing, which provides technology for smart manufacturing, acquired 6 companies in 2016.
Hexagon is a Swedish company, a leading international IT provider that drives quality and productivity improvements through applications for geospatial and industrial companies. It has a subsidiary, which offers software-based information technology solutions that improve quality and productivity, based on measurement equipment.