Phantom Space continues to expand with acquisition of Florida-based microsatellite tech firm

Phantom Space Corp., a space transportation technology manufacturing and development  company based in Tucson, has acquired Micro Aerospace Solutions (MAS), a microsatellite tech firm. MAS, which provides space communications systems, space propulsion systems and electrical hardware design for spacecraft and rockets, could further help Phantom Space become what it refers to as “the Henry Ford … Read more

The Startup Journal – Going through an acquisition

When another company is interested in acquiring your business, there are some challenges and critical decisions to make in the process. [youtube]https://youtu.be/4VOY_c4BHT0[/youtube]   We sat down with Steve Zeidman, founder of Vestafy, in the latest edition of The Startup Journal. Zeidman provides advice on going through an acquisition and to not settle for less on the … Read more

SinglePoint's newest acquisition targets marijuana industry

SinglePoint, Inc., a state-of-the-art mobile technology and full-service mobile marketing company, has signed a Letter of Intent (LOI) to purchase Drive Media Network’s existing digital signage network. SinglePoint anticipates having Drive Media’s management team join the SinglePoint team and bring its more than 30 years collective experience designing, building, operating and programming digital signage networks … Read more

August roundup: Arizona tech gains momentum during monsoon season

Mosaic to help Phoenix builders

August was a rocky month in terms of world news, but Arizona tech continues to make good progress toward building a solid tech ecosystem. Last month we saw acquisitions, major investments, notable recognition and programs aimed at improving diversity across different fields. Scottsdale entrepreneurs named 2021 Entrepreneur of the Year Trainual founder Chris Ronzio and … Read more

Paradox acquires Baltimore-based Traitify to simplify recruiting process

Paradox, a recruiting software designed to make the process more conversational and personalized, has announced its acquisition of Traitify, a mobile-first digital assessment platform based in Baltimore, to simplify the recruiting process.  The terms of the deal were not disclosed, but Paradox founder and CEO Aaron Matos expects the Traitify platform to further enable Paradox’s … Read more

July roundup: Arizona tech stayed hot in the heat of the summer

July

July proved to be another big month for Arizona tech, with local companies raising millions, out-of-towners relocating to the Valley, and plenty of events and cohorts popping up to support startups. This month, we put a spotlight on diversity and talked to leaders from around Phoenix to give founders tips on how to diversify your … Read more

Scottsdale-based Limelight Networks acquires Layer0

Limelight Networks

Scottsdale startup Limelight Networks (Nasdaq: LLNW), a provider of edge cloud services, has entered into a definitive agreement to acquire Moov Corporation, which does business as Moovweb or Layer0.  The definitive agreement said Limelight will acquire Layer0 for about $32.5 million in cash and $22.5 million worth of common stock. Still, the deal is subject … Read more

Lucid Motors debuts on Wall Street after fluke with merger vote, plans to expand Arizona factory

Lucid Motors

It didn’t go according to the original plan, but Lucid Motors Inc. began trading as a public company on Monday, after shareholders approved a merger with a special-purpose acquisition company (SPAC) last week. Lucid and Churchill Capital Corp. IV, the SPAC, are officially merged and are now known as Lucid Group Inc. (NYSE: LCID). The … Read more

Arizona’s Parchment acquires Ireland-based Digitary as part of a global expansion strategy

Parchment, a Scottsdale-based digital credential service, has announced its acquisition of Digitary, also a digital credential service, which is used in hundreds of higher education institutions around the world.  Parchment and Digitary are both edtech companies designed to allow students, academic institutions and employers to request, verify and share credentials, like academic transcripts, safely and … Read more

Phoenix-based incubator accepting applications for impact accelerator program

incubator

Phoenix startup incubator Seed Spot is accepting 15 companies looking to scale in this year’s Impact Accelerator program. This year, the program will be completely virtual and open to entrepreneurs from around the world.  The six-week program offers a curriculum that focuses on topics including pitching, financial projections, customer acquisition and team development. Seed Spot … Read more