Atlassian agrees to acquire The Browser Company for $610M in cash, set to close by December; the startup, founded in 2019, develops the Dia browser, now in beta (Jordan Novet/CNBC)
https://www.cnbc.com/2025/09/04/atlassian-the-browser-company-deal.html
Qualtrics agrees to acquire Press Ganey Forsta, which helps healthcare companies compile feedback from patients and doctors, for $6.75B including debt (Financial Times)
https://www.ft.com/content/44c9959f-a3e2-41a6-941b-c4ddaf731067
Demo: TOSense -- What Did You Just Agree to?
Xinzhang Chen, Hassan Ali, Arash Shaghaghi, Salil S. Kanhere, Sanjay Jha
https://arxiv.org/abs/2508.00659 https://
Canal says it is in talks to acquire a 34% stake in production and cinema company UGC, with an option to take full control of UGC in 2028 (Melanie Goodfellow/Deadline)
https://deadline.com/2025/09/canal-plus-negotiations-minority-stake-ugc-1236504148/
US semiconductor equipment companies Axcelis and Veeco agree to merge in an all-stock deal, creating a combined company with an enterprise value of $4.4B (Nicholas G. Miller/Wall Street Journal)
https://www.w…
Source: HR software company Gusto paid ~$600M to acquire Guideline, which offers 401(k) plans to SMBs; Guideline raised $340M and had a $1.15B valuation in 2021 (TechCrunch)
https://techcrunch.com/2025/10/01/sources-g…
Sources: data integration company Fivetran is in talks to acquire data management company dbt Labs in a deal valuing the combined entity at between $5B and $10B (The Information)
https://www.theinformation.com/articles/data-startup-fi…
Varonis Systems agrees to acquire email security company SlashNext for up to $150M, including retention awards, after buying database company Cyral for ~$25M (Emily Forgash/Bloomberg)
https://www.bloomberg.com/news/articles/2025…
SAP plans to acquire HR software company SmartRecruiters, with the deal expected to close in Q4; SmartRecruiters was valued at $1.5B in a 2021 funding round (Christina Kyriasoglou/Bloomberg)
https://www.bloomberg.com/news/articles/20
Microsoft launches Microsoft Marketplace, combining Azure Marketplace and Microsoft AppSource in a single destination for cloud tools and AI apps and agents (Frederic Lardinois/The New Stack)
https://thenewstack.io/microsoft-launches-a…