M&A Deal Summary

SmartContract Chainlink Acquires DECO

On August 29, 2020, SmartContract Chainlink acquired information technology company DECO from Cornell University

Acquisition Highlights
  • This is SmartContract Chainlink’s 2nd transaction in the Information Technology sector.
  • This is SmartContract Chainlink’s 2nd transaction in the United States.

M&A Deal Summary

Date 2020-08-29
Target DECO
Sector Information Technology
Buyer(s) SmartContract Chainlink
Sellers(s) Cornell University
Deal Type Divestiture

Target

DECO

United States
DECO is a novel privacy-preserving oracle protocol, created by students and faculty at IC3. DECO is a privacy-preserving oracle protocol. Using cryptographic techniques, it lets users prove facts about their web (TLS) sessions to oracles while hiding privacy-sensitive data.

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Buyer(S) 1

Buyer

SmartContract Chainlink

Grand Cayman, United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

SmartContract Chainlink Ltd. network provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Town Crier

California, United States

Town Crier is a hardware-based oracle system focused on providing a working approach for trusted execution environment (TEE)-based smart contracts.

Buy -

Seller(S) 1

SELLER

Cornell University

Ithaca, New York, United States

Category Company
Founded 1865
Sector Education
DESCRIPTION

Cornell is a privately endowed research university and a partner of the State University of New York. As the federal land-grant institution in New York State, Cornell University has a responsibility unique within the Ivy League to make contributions in all fields of knowledge in a manner that prioritizes public engagement to help improve the quality of life in our state, the nation, the world.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1