It’s the end of the year and Plug and Play would like to take a moment to recognize the outstanding success of the incredible companies in our community.This year Plug and Play celebrated 13 exits to some big names in enterprise, a significant increase when compared to the 8 exits of 2012. The 13 companies, three of which were portfolio companies, were awarded the 2013 Platinum award at the Winter Holiday Party. The award honors Plug and Play companies successfully acquired and who represent the epitome of entrepreneurship, inspiration, and innovation for the Silicon Valley tech community.
Three of the companies that were acquired this year were part of Plug and Play’s portfolio. TrustGo, a mobile security company, was acquired by Baidu for $36 million. Baidu is China’s largest search engine and is using TrustGo’s anti-virus technology to create a new product called the Baidu Security Manager to be released in May.
Matcha was another of our portfolio companies with an exit in 2013. Matcha is a video recommendation site and was acquired by Apple for a figure that is estimated to be in the tens of millions. People in the tech community have speculated that Apple made the acquisition to get a hold of the algorithm Matcha uses to recommend content to users in order to bolster this same action in Apple TV devices.
NextBio, a company working in clinical and genomic bioinformatics, was the third portfolio company to be acquired this year. They were acquired by Illumina, which is now going to use the big data platform to offer customers enterprise level bioinformatics in an effort to discover links between the human genome and disease.
Security in the realm of mobile technology and cloud networks has been a very hot topic this year. FuGen Solutions was acquired by 8K Miles, which will implement its identity federation services in Amazon Web Services. Cognitive Security and Zyrion were acquired by Cisco and Kaseya respectively. Cognitive Security, which uses artificial intelligence to stop cyber threats, will be used by Cisco to make sure virus’ can’t get through their firewall via mobile devices. Zyrion’s cloud and IT service monitoring software will help Kaseya move into changing IT environments.
Several of the companies that were acquired during the year were started by renowned serial entrepreneurs. Joaquin Delgado, who was the founder of Lending Club, saw his latest company AdBrite acquired by Intel Media. Lending Club is a company that specializes in peer lending, and they just exceeded $3 Billion in personal loans this year.
Roger Casals’ Password Bank, a company that uses a unique Identity-as-a-service platform, was acquired by Symantec for approximately $25 million. Symantec will use Password Bank’s technology to enhance the sign in apparatus for web and cloud applications.
Naeem Zafar has been President and CEO of Pyxis Technology Inc., Silicon Design Systems, and Veridicom. His latest enterprise mobility company, Bitzer Mobile, which allows mobile applications to securely access enterprise applications, was acquired by Oracle.
Two companies that were acquired also represented the success of Plug and Play’s International Accelerator. The Luxembourg company Flashiz, a mobile payment solution, was acquired by FEXCO. To read a more in-depth article about Flashiz’s acquisition, read here.
Locomatix, a mobile data analytics company, also rode the big data analysis trend and was acquired by Twitter. The ubiquitous social media company will use Locomatix to enhance the users in-app mobile experience, possibly using their location to allow other companies to offer discounts when the user gets close to a store.
Plug and Play takes great pride in the success of our startup community . The exits of these 13 companies were worth more than $270 million. Plug and Play’s portfolio also raised over $300 million this year and invested in 80 companies
Here’s to another great year!
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