London, UK, May 17, 2021—Clarivate plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced a definitive agreement to acquire ProQuest, a leading global software, data and analytics provider to academic, research and national institutions, from Cambridge Information Group, a family-owned investment firm, and other partners including Atairos, for $5.3 billion, including refinancing of ProQuest debt. The consideration for the acquisition is approximately $4.0 billion in cash and $1.3 billion of equity. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close during the third quarter of 2021.
Want To Learn How To Invest in Cryptocurrency? Benzinga Launches News & Tutorials For Crypto Investors
Are you curious to learn about cryptocurrency and how to invest in crypto? You’re not alone. The interest is so intense that Detroit’s investment news media outlet Benzinga has launched a stock market news service designed purely for educating cryptocurrency investors. The traffic for cryptocurrency news has quadrupled in recent weeks, according to Luke Jacobi, Benzinga’s Director of Operations.
Despite the pandemic, more startups have launched in Ann Arbor, Michigan, this year alone than we have space to list here. Many Ann Arbor startups have been around for a few years and are now starting to experience rapid growth. Here is the second half of our article on 10 growing Ann Arbor tech companies that you really have to watch if you’re looking for a tech job or hoping to invest in Midwest tech startups in 2021.
Despite the pandemic, more startups have launched in Ann Arbor, Michigan, this year alone than we have space to list here. Many Ann Arbor startups have been around for a few years and are now starting to experience rapid growth. Here are 10 growing Ann Arbor tech companies that you really have to watch if you’re looking for a tech job or hoping to invest in Midwest tech startups in 2021. Technologies developed by these startups are central to current trends in remote work and communications, connected vehicle technology, cancer treatment and other biomedical technologies, quantum sensing tech, enterprise data management, government data analysis, wind energy, and food supply chain innovation.
The 2021 MVCA Research Report has just been released, with more details available than our recent interview with Executive Director Ara Topouzian. The 2021 MVCA Research Report shows that 88 Michigan startups received more than $257 million in venture capital investment in 2020. The report estimates that an additional $1.2 billion of venture capital will be required to adequately fund the growth of Michigan’s 165 startup companies in the next two years.
Have a new startup in mobility, sustainable energy, or tech that you would like to pitch? Ann Arbor SPARK has just announced a number of opportunities for startups, particularly in the mobility space, to get their name out and find funding. Here are some new announcements of opportunities for Michigan startups from Komal Doshi, Director of Mobility Programs at Ann Arbor SPARK, Ann Arbor’s premier business support organization for tech startups.
Entrypoint’s current Washtenaw County COVID-19 Business Impact Report is now available for anyone wanting an in-depth look at how the coronavirus pandemic has affected businesses in Ann Arbor’s business industries over the past year. Cronicle reported on the upcoming research earlier this year, and it’s now complete and updated for current market conditions.
Ann Arbor-based Shuffleboard officially launches today, with a 40% discount for anyone looking for a remote team collaboration tool. The idea, from founder Sam Pierce Lolla? Make remote team collaboration more like in-person brainstorming. Shuffleboard alleges to cut down on Zoom fatigue, and also creates a process by which professional teams can glean feedback from clients or colleagues in a simple streamlined process. Lolla has years of professional experience working with professional teams to help them collaborate. The Shuffleboard tool is a natural extension of a lot of expertise and deep knowledge of team brainstorming process best practices.
Pocketnest, a new app for next-gen financial wellness used by top credit unions and companies like Cisco and Henry Ford, has experienced explosive growth over the past year after closing its Series A funding round in 2019. The Ann Arbor-based fintech startup was founded by financial advisor Jessica Willis just 12 months ago after realizing there was very little out there in the way of non-transactional financial wellness apps for Gen X and millennials who were looking for technology to ease communication with financial advisors and to glean accessible financial wellness education and advice. Now boasting 8 enterprise clients with 20% user growth month over month and 40% growth month over month from an enterprise standpoint, Pocketnest now works with the top 3 largest credit unions in the United States–Wright-Patt Credit Union, Lake Trust Credit Union, and MSU Federal Credit Union–and growing.
“In insurance, there is certain data that matters in writing a risk,” says Jeff Heine, CRO of Groundspeed Analytics, a top-rated Ann Arbor fintech startup that is disrupting the insurance industry. “But they don’t use more than 10 percent of the data. With AI,” Heine explains, “we’re taking the intensive manual effort [to analyze the data] and automating that.” Groundspeed was rated a finalist for InsurTech Honor of the Year Award by Insurance Insider, was listed by Business Insider as a top Breakout Fintech Star, and was named by the 2020 CB Insights Fintech 250 List of Fastest Growing Fintech Startups. It’s one of the hottest new AI startups coming out of emerging tech hub Ann Arbor, Michigan, but it hasn’t gotten the same attention as many cybersecurity or conversational AI companies because the fintech space is often disconnected from other innovative startups in the Midwest. Groundspeed has gained a lot of ground under the mainstream radar.