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 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
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
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 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
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions company headquartered in India, has announced plans to invest more than $300 million in Arizona by 2026 and hire more than 220 employees here by 2023. The company will also expand the reach of its STEM and Computer Science education programs in … Read more
Gusto, a cloud-based HR management software, just announced plans to acquire Arizona-based tax-software company Symmetry. This is the $3.8 billion fintech startup’s second acquisition this summer. The deal, which is expected to close later this month, is meant to allow Gusto to build out its existing small business-focused software. Symmetry is used by employers including … Read more
WynnBET, the New Jersey-based casino and sports betting app from luxury hospitality leader Wynn Resorts, announced a partnership with the San Carlos Apache Tribe to pursue an online sports betting license in Arizona. Arizona is the 16th state added to a growing list of places where WynnBET operates or plans to launch. WynnBET will work … Read more
Picmonic, a Tempe-based audiovisual learning platform, was acquired by TrueLearn, a healthcare education platform that optimizes learning outcomes for students in the medical community. Picmonic is a blend of the words picture and mnemonic — the platform helps students master concepts by combining short mnemonic video lessons and recall questions in an active learning environment. … Read more
Arizona saw some big tech developments in May, from expansion, acquisitions and life-saving partnerships to raising millions for local and regional startups. Another possible TSMC expansion in Arizona Taiwan Semiconductor Manufacturing Co., the world’s largest chipmaker, may expand even more in Arizona. Reuters reported in early May that sources familiar with TSMC’s expansion plans said … Read more