Announced
Completed
Synopsis
Next 15 Communications Group completed the acquisition of Mach49, the Silicon Valley-based growth incubator for global businesses. Financial terms were not disclosed. "The acquisition of Mach49 takes Next 15 in a new strategic direction. There is tremendous pressure within large businesses to innovate and transform to meet the world’s challenges, as well as to fight market disruption from VC-backed start-ups. In the current climate, we are seeing a big shift with large companies increasingly focused on the execution of these initiatives to drive meaningful growth. Combining Next15’s experience with high growth Silicon-Valley companies and Mach49’s expertise in creating and launching new ventures, incubators and corporate venture capital funds will give us a unique service offering for global businesses to build and scale resilient new ventures. Collectively we can now work with customers to design and build high growth, Silicon Valley style companies with digital native go-to-market capabilities at their core," Tim Dyson, Next 15 CEO.
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