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M&A Deal Summary

Microsoft Acquires Two Hat

On October 29, 2021, Microsoft acquired information technology company Two Hat

Acquisition Highlights
  • This is Microsoft’s 16th transaction in the Information Technology sector.
  • This is Microsoft’s 16th transaction in Canada.
  • This is Microsoft’s 4th transaction in British Columbia.

M&A Deal Summary
Date 2021-10-29
Target Two Hat
Sector Information Technology
Buyer(s) Microsoft
Deal Type Add-on Acquisition

Target

Two Hat

Kelowna, British Columbia, Canada
Two Hat is a content moderation solution provider offering protection measures for online communities with a vision to build better experiences for everyone. Two Hat was formed in 2012 and is based in Kelowna, British Columbia.

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Buyer(S) 1

Buyer

Microsoft

Redmond, Washington, United States
Category Company
Founded 1975
Sector Software
Employees228,000
Revenue 245.1B USD (2024)
DESCRIPTION
Entrance to Microsoft's corporate headquarters in Redmond, Washington.
Entrance to Microsoft's corporate headquarters in Redmond, Washington.

Microsoft is a global technology company that offers a broad spectrum of software products, services, and devices designed to help individuals and organizations across various sectors. Its extensive portfolio includes the Windows operating systems, the Microsoft Office suite for productivity, and the Azure cloud computing platform, providing solutions for computing, analytics, storage, and networking. Microsoft also delves into enterprise applications with Dynamics 365, connects professionals via LinkedIn, and engages gamers through its Xbox brand and related services. Additionally, it offers internet services such as Bing for web search, Outlook.com for email, and Skype for communication. Microsoft was formed in 1975 and is based in Redmond, Washington.

DEAL STATS #
Overall 207 of 213
Sector: Information Technology M&A 16 of 19
Type: Add-on Acquisition M&A Deals 194 of 199
State: British Columbia M&A 4 of 4
Country: Canada M&A 16 of 16
Year: 2021 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Ally

Bellevue, Washington, United States

Ally is an operator of the OKR platform that aligns the work an entire company is doing to the outcomes that are critical to its success. It connects each individual employee's projects and key results to the company's most important objectives. This allows teams to identify risks quickly and opportunities proactively, maintaining an orchestrated focus on their biggest priorities. Ally's comprehensive professional services offer continuous support, dedicated training, and coaching to ensure best practices for implementation and successful change management. Ally was founded in 2017 and is based in Bellevue, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Xandr

New York, New York, United States

Xandr provides a data-enabled technology platform with tools that help power a diverse ecosystem connecting marketers and media owners through first-party, data-led advertising solutions across its network. Xandr is based in New York, New York.

Buy -
Mergr

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