––Acquisition fortifies Plume’s position as ‘The Experience Service Provider’ delivering innovative user-centric solutions––
Smart Home Services pioneer Plume® has acquired Walleye Networks, a Canadian network and security intelligence solutions provider specializing in real-time network analytics and advanced metadata. The transaction includes all of Walleye Networks’ intellectual property, technology and Research and Development (R&D) facility, in addition to its highly experienced and specialized engineering team. Plume intends to further invest in Walleye Networks’ R&D center, which provides access to a hotbed of technical talent in the British Columbia region.
The acquisition expands Plume’s expertise in key areas including Domain Name System (DNS) infrastructure, Distributed Denial-of-Service (DDoS) detection, Network Behavior Anomaly Detection (NBAD), Application Performance Management (APM), privacy analytics and management, and intelligent edge processing at scale.
“Granular network intelligence is a cornerstone of the secure smart home,” said Fahri Diner, Co-founder & CEO, Plume. “Walleye Networks enables an unparalleled level of insight with the most robust and in-depth data-driven security solutions available today––all developed to meet the highest levels of privacy. We are thrilled to welcome Derek and this extremely talented group of people to Plume, along with their novel technology and deep subject matter expertise.”
Walleye Networks’ advanced network and security intelligence solutions run on OpenSync™, the fastest-growing open-source framework for the smart home. Central to the solutions, OpenSync is performance-optimized to run in highly memory-constrained environments such as connected consumer devices, and supports a broad range of cost-effective hardware.
“We’ve had a longstanding and fruitful partnership with Plume, and have worked closely with many of the same communications service provider customers,” said Derek Lownsbrough, Co-Founder, Walleye Networks. “Plume is driving the smart home experiences of tomorrow, and we couldn’t be more excited to join this cause.”
The transaction closed on November 23, 2020––terms were not disclosed.
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.
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.
FCP Acquires Villas At Princeton Lakes Atlanta Apartments For $30 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
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.
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.
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.
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