M&A Deal Summary

Graph Blockchain Acquires Babbage Mining

On January 26, 2020, Graph Blockchain acquired internet software and services company Babbage Mining for 5M CAD

Acquisition Highlights
  • This is Graph Blockchain’s 2nd transaction in the Internet Software and Services sector.
  • This is Graph Blockchain’s largest (disclosed) transaction.
  • This is Graph Blockchain’s 1st transaction in Canada.
  • This is Graph Blockchain’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-01-26
Target Babbage Mining
Sector Internet Software and Services
Buyer(s) Graph Blockchain
Deal Type Add-on Acquisition
Deal Value 5M CAD

Target

Babbage Mining

Ontario, Canada
Babbage is an early stage company, which will be focusing on Altcoins, alternative cryptocurrencies to Bitcoin. By mining Altcoins through Proof of Work and Proof of Stake, Babbage is able to give its investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains that Altcoins represent.

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Buyer(S) 1

Buyer

Graph Blockchain

Toronto, Ontario, Canada
Category Company
Sector Information Technology
Employees13
DESCRIPTION

Graph Blockchain is a blockchain solutions company. Graph Blockchain's enterprise platforms provide solutions for data management, business intelligence, and data analytics, by delivering unparalleled processing speed and uncompromising performance quality. Graph Blockchain is based in Toronto, Ontario.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2020) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 Cyberanking

Rutherford, New Jersey, United States

Cyberanking Ltd. is an online coaching platform that provides game, fitness and psychological training for gamers who want to become better players and improve their quality of life and overall wellbeing while doing what they love the most: playing games. Cyberanking Ltd. is based in Rutherford, New Jersey.

Buy CA$2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Third Eye Insights

Vancouver, British Columbia, Canada

Third Eye Insights Corp. is a provider of a cloud-based analytics platform using AI to cleanse and analyze data-intensive information helping the alternative medicines industry, while also analyzing trends, critical social data in the recreational and medicinal sectors. Third Eye's deep analytics platform captures, structures, and visualizes vast amounts of unstructured social media data which, used as a discovery tool, allows organizations to understand target audiences in real-time to help make better decisions by pinpointing specific trends, risks, and opportunities taking place.

Buy CA$2M
Mergr

Product

Company

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