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onX Acquires Adventure Projects, Inc.

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onX Acquires Adventure Projects, Inc.

onX, a pioneer in outdoor digital navigation, today announced its acquisition of Adventure Projects, Inc., a network of websites and mobile apps featuring thousands of outdoor experiences that contributors have brought to life with guide-book details, imagery, trail conditions, and other content.

onX creates GPS mapping technology that helps inform, inspire, and empower millions of outdoor recreationists. Through its digital products and advocacy projects that expand public access opportunities, onX has promoted the enjoyment of our outdoor landscapes for more than a decade.

“Our mission is to awaken the adventurer in everyone,” said onX VP of Product Management, Chris Hamilton. “We look forward to supporting Adventure Projects’ unrivaled and passionate community. Their outdoor guides have inspired millions of climbers, hikers, skiers, trail runners, and bikers alike. Our goal is to help everyone have the best outdoor experience possible by arming them with technology to discover and explore new places, safely and confidently.”

During the transition of ownership, onX will continue working with Adventure Projects’ network of contributors, its administrators, and the company’s CEO and co-founder, Nick Wilder. onX will also collaborate with outdoor and nonprofit partners to expand its investment in protecting land access, and to ensure that multiple voices and perspectives are represented and supported in the outdoor adventure community.

“I couldn’t be more excited to partner with onX and explore the next evolution of Adventure Projects,” said Wilder. “onX’s GPS and mapping expertise, deep technical talent, and commitment to public access will ensure Adventure Projects’ outdoor enthusiasts have the best tools to venture off-the-beaten path.”

Earlier this year, onX also acquired Outdoor Project, another community-driven adventure content hub supported by thousands of recreationists.

“onX builds best-in-class mobile adventure tools,” said Aron Bosworth, Outdoor Project’s Chief Content Officer. “Our contributors put their knowledge and heart and soul into each adventure guide they share on our website. onX is helping us re-envision how we bring those experiences to life through map technology.”

Together, onX, Adventure Projects, and Outdoor Project plan to inspire more outdoor adventures and access to public lands than ever before.

About onX

Founded in 2009, onX is a pioneer in digital outdoor navigation, developing software that helps inform, inspire, and empower outdoor recreationists. onX Backcountry, onX Offroad, and onX Hunt make up the company’s suite of apps, and are built by explorers for explorers. Because off-the-beaten-path experiences are at the heart of what onX does, the company also leads initiatives to protect and expand access to public land. Since 2017, onX has worked with various partners to secure and improve public land access through direct funding, and by supporting key legislation with data analysis and research.

About Adventure Projects

Adventure Projects connects people, data and outdoor passions. Founded in 2005 with the creation of Mountain Project, a hub for the climbing community, the company now includes five other sites for all types of outdoor recreationists: MTB Project, Hiking Project, Powder Project, Trail Run Project, and the National Park Trail Guide.

About Outdoor Project

Outdoor Project is an adventure guide resource and community of outdoor enthusiasts unified around the mission of inspiring and empowering people of all ages and backgrounds to have deeper, richer and more fulfilling experiences in the outdoors. We strive to know our public lands and recreation landscapes better through adventure, to in turn activate a community around preserving them. To that aim we provide quality-first adventure guide content covering multiple human-powered outdoor activities across thousands of locations.

Acquisition

Allseated Acquires easyRAUM To Further Expand European Presence

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Allseated Acquires easyRAUM To Further Expand European Presence

Allseated, a global leader in innovative event technology, announced today its acquisition of Dusseldorf based, easyRAUM GmbH to further scale its rapid expansion into the European market. The acquisition broadens Allseated’s market presence, bringing the full power of its event technology platforms to venues, brands, corporates, and planners across Europe.

A long-time leader and serving some of the biggest names in the German speaking market, easyRAUM’s reputation and reach has been second to none. With thousands of users powering large scale events, it has been successfully serving and expanding its customer base for the past fifteen years.

“This is a strategic move for us to further scale our business in Europe by combining easyRAUM’s market presence, amazing team and customer base with Allseated’s cutting-edge technology platform.”  said Yaron Lipshitz, Allseated CEO. “EasyRAUM has been a great partner of ours and we have worked so close together, that the acquisition seems more of a formality at this point. Thanks to our now German team, Allseated is now powering some of the largest venues and brands in the European market with our latest virtual event product exVo, already in use by the local industry” he added.

“We are pleased to open a new chapter with Allseated, for our customers, for the industry, and for our company” said Sabine Reise, Founder and Managing Director of easyRAUM and now Managing Director of Allseated GmbH. “Our many years of industry and market experience as well as the software development know-how complement the agile structures of Allseated perfectly”.

Sandy Hammer, co-founder and CMO of Allseated added: “The partnership with easyRAUM enabled us to short-circuit our expansion in this exciting market and to quickly bring value to some amazing brands. We are thrilled to have the team join our rapidly growing company.”

Financial terms of the transaction are not disclosed.

About Allseated

Allseated is one of the world’s most innovative event technology platform powering hundreds of thousands of events a year. Through a cutting-edge 3D visualization platform including floorplan design tools, venue virtual tours, and revolutionary virtual/hybrid event solution, Allseated is transforming the event industry and leveraging innovation with superior customer service to help clients grow their businesses.

Allseated Acquires easyRAUM To Further Expand European Presence

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Acquisition

FCP Acquires Villas At Princeton Lakes Atlanta Apartments For $30 Million

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FCP Acquires Villas At Princeton Lakes Atlanta Apartments For  Million

FCP® announces the $30.0 million acquisition of Villas at Princeton Lakes, a 210-unit apartment community in the South Fulton area of Atlanta, GA. The acquisition marks FCP’s 18th investment in Atlanta. FCP assumed the existing loan at the property.

“The Villas at Princeton Lakes is a very well-maintained asset next to the booming South Fulton Industrial corridor,” said FCP’s Scott Reibstein. Reibstein continued, “We’re excited to have acquired our second community there, central to so much growth.” The property was purchased in an off-market transaction, was recently renovated and has experienced steady 95% occupancy throughout 2020.

Located at 751 Fairburn Road, SW in Atlanta, Villas at Princeton Lakes is an attractive garden-style community built in 2004 with hardi-plank and brick siding. The community features large one, two and three-bedroom, family-friendly floorplans, with extra storage, private patios and excellent access to Hartsfield Atlanta International Airport, Interstates 285 and 20 and nearby convenience and amenity retailers and restaurants.

FCP extends its appreciation to Travis Presnell at Cushman & Wakefield for his representation

About FCP

FCP® is a privately held real estate investment company that has invested in or financed more than $8.3 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States.

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Acquisition

SUSE Completes Acquisition of Rancher Labs

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SUSE Completes Acquisition of Rancher Labs

SUSE, a global leader in true open source innovation, today announced it has closed the acquisition of Rancher Labs, the market leader in Kubernetes management. The combined company brings together a best-in-class Linux operating system, a market-leading Kubernetes management platform, and a host of pioneering edge capabilities that will give enterprises the power to innovate everywhere.

“Our customers have made it clear they want powerful technology that is both leading-edge and reliable to accelerate business transformation,” said SUSE CEO Melissa Di Donato. “We have historically delivered innovative solutions that anticipate what enterprises need, and today with Rancher, we are set to make history again. With our powerful and modular approach to open source software, our customers can count on reliability and unmatched agility to innovate everywhere – from the data center, to the cloud, to the edge and beyond.”

Innovate Everywhere through the Power of Many

SUSE and Rancher, in collaboration with a broad open source community, bring the best of innovation and stability for the enterprise.

SUSE, backed by a strong 28-year history and dedication to open source innovation, powers mission-critical applications and systems and is embedded in many devices like automobiles and medical devices around the world. Rancher was recently named a leader in The Forrester Wave™: Multicloud Container Development Platforms, Q3 2020 report and delivers open source software that enables organizations to deploy and manage Kubernetes at scale, on any infrastructure across the data center, cloud, branch offices and the network edge.

Rancher’s equal commitment to the open source community is backed by its support for multiple Kubernetes distributions and operating systems. With no vendor lock-in or limits on where computing takes place, enterprises can seamlessly innovate across their business from the edge to the core to the cloud. Together, the two companies will develop solutions that address today’s complexity for enterprises with a focus on new innovations in edge computing.

“I knew SUSE was the right company for us because of our shared ethos, viewpoint and philosophy of open source driving value to business leaders,” said Sheng Liang, former Rancher CEO and, as of today, the new President of Engineering and Innovation at SUSE. “Together, we are committed to making a significant impact on enterprise business across the globe, supporting each and every customer as they navigate cloud solutions and modernize infrastructure in a way that makes sense for their workflows.”

Bringing the ‘Open’ Back to ‘Open Source’

A shared commitment to the true ethos of open source and the greater community is what brought these independent companies together, and what will set SUSE apart as IT leaders across the globe evaluate options for business transformation.

SUSE and Rancher’s mutual customers and partners agree.

“Some open source companies are more open than others. In my experience, SUSE and Rancher are good examples and willing and able to work to deploy and service technology solutions that are truly designed to meet the needs of our business and that is incredibly refreshing,” said Frank Strecker, SVP, public cloud managed services and big data at T-Systems.

“We need to innovate in the data center and the cloud, and in order to be agile, we cannot commit to a single, heavy vertical stack. Only SUSE and Rancher deliver a truly open approach to open source software that can respond to the ever evolving, digital needs of the UK citizen in a rapid and consistent way,” said Jason Daniels, CTO, Law & Order Portfolio at Fujitsu.

Di Donato underscores these points. “Only SUSE and Rancher will provide the vision and expertise to power the future of the enterprise. Our independent approach gives customers the agility to tackle workflow challenges today, and the freedom to evolve their IT strategy and solutions tomorrow.”

SUSE most recently announced a successful fourth quarter which saw continued global growth. Cloud ACV (annual contract value) bookings continued to thrive with 87% growth, achieving 15 consecutive quarters of year over year cloud ACV increase. SUSE also saw a 21% increase year over year in customer deals worth more than $1 million.

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