Technology Roundup – Accenture acquires VanBerlo agency, SoftBank nears $100M investment in Behavox
Accenture acquires VanBerlo agency
- Accenture (NYSE:ACN) acquires Netherlands-based product design and innovation agency VanBerlo for undisclosed terms.
- VanBerlo’s team of more than 90 professionals will join Accenture Industry X.0.
- Last October, Accenture acquired Amsterdam-based innovation agency Happen.
- In other Accenture news, Atlantic Equities starts the company at Overweight with a $246 target, a 15% upside.
SoftBank nears $100M investment in Behavox – Sky
- SoftBank’s (OTCPK:SFTBF,OTCPK:SFTBY) second Vision Fund is nearing a $100M investment in AI startup Behavox, according to Sky News sources.
- Behavox created an AI-backed “behavioral operating system” that monitors employees in financial workplaces for wrongdoing.
- The startup has raised $21.4M in private funding.
- The deal could be announced as early as next week.
- Related: Yesterday, Reuters sources said SoftBank had invested $2.5B of its own money into a bridge fund for Vision Fund 2 to build a portfolio and woo other investors.
Amazon Care launches in Seattle
- Amazon’s (NASDAQ:AMZN) virtual health clinic for employees is now live in Seattle for workers and dependents operating out of the corporate headquarters.
- The Amazon Care app provides virtual consultations, allows patients to schedule a follow-up visit, and offers prescription delivery.
- The primary care clinic is the latest stage in Amazon’s healthcare push, which included the $753M acquisition of online pharmacy PillPack in 2018.
Adobe gets new Street-high target
- UBS raises Adobe’s (NASDAQ:ADBE) price target from $360 to $430, citing an internal survey showing adoption growth and increasing ARPU within the creative cloud business.
- Analyst Jennifer Lowe sees multiple drivers that can sustain revenue growth in the high teens and at least 20% EPS growth.
- UBS maintains a Buy rating on Adobe. The company has a Bullish average Sell Side rating.
- Adobe shares are up 0.9% pre-market to $382.25.
Lyft’s e-bikes return to New York
- Lyft’s (NASDAQ:LYFT) Citi Bike resumes rentals in New York and plans to add several hundred electric bikes to the 900 stations in NYC.
- Last April, Lyft pulled electric bikes from three U.S. cities due to a braking malfunction.
- The bikes will start rolling out next week and will increase over the coming months. Lyft hopes to have 4,000 bikes in the fleet by year’s end.
- Lyft shares are up 0.1% pre-market to $45.15.
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