In keeping with our mission to provide comprehensive advertising analysis, MediaRadar puts together a report of the most important mergers and acquisitions news each week. Stay in the loop, whether you sell advertising space or focus on business development.
This week, Deloitte expanded its cybersecurity assets with Sentek Global. Datavant and Ciox Health announced their major merge in the health data industry. And Shutterstock bought three AI platforms to prepare for its launch of Shutterstock.AI.
Deloitte has announced its acquisition of military cybersecurity firm Sentek.
Sentek has access to multiple Governmentwide Acquisition Contracts (GWAC) and Multiple Award Contracts (MAC) for federal agencies, including the Department of Defense.
The company is based in San Diego, and will expand Deloitte’s existing presence in that area while bolstering its systems engineering capabilities and cyber offerings to other military branches and federal agencies.
The acquisition comes shortly after Deloitte bought TransientX, a zero-trust network access company. TransientX comes with cloud-native application networking technology that is set to be integrated with Deloitte’s zero trust offerings and solutions.
Deloitte has not disclosed the financial details for either of the two acquisitions.
Ciox Health is merging with Datavant in a deal which values the combined health data companies at $7 billion.
Following the deal, the combined company Datavant will be the nation’s largest health data ecosystem with a network of more than 2,000 U.S. Hospitals and 15,000 clinics.
The move follows a string of consolidations in the health data industry. In December, Cerner acquired the health division of Kantar Group for $375 million, and in February Truveta was formed out of 14 health systems.
The deal is expected to close in the third quarter of 2021.
Shutterstock, a global provider of stock photography, music and editing tools, announced the acquisition of three leading artificial intelligence platforms, Pattern89, Datasine, and Shotzr, ahead of its release of Shutterstock.AI.
Pattern89 focuses on “predicting creative performance” with marketing AI. Datasine provides an AI platform that generates advertisements. And Shotzr’s product AdScore AI enables automation, targeting and optimization for ad tech.
Shutterstock intends to integrate the technology from these three acquisitions into Shutterstock.AI to develop its own predictive performance capabilities.
Through Shutterstock.AI, the company will be able to commercialize its massive content library with AI insights. According to Shutterstock, the total price for the three AI companies was approximately $35 million.
Other notable events from this week include: