This week in Colorado tech: Webroot to be acquired by Carbonite, Wurk raises $11M, and more

by April Bohnert
February 15, 2019
Webroot acquired by Carbonite Colorado tech news
Photo via Webroot

Webroot to be acquired by Carbonite in $618.5M deal

Broomfield-based Webroot announced last week that it will be acquired by cloud data protection provider Carbonite in a deal valued around $618.5 million. Founded in 1997, Webroot has long been a pillar in the local cybersecurity community. Its solutions encompass endpoint and network protection, threat intelligence and security awareness training services. The deal allows Carbonite to differentiate itself in the market as a more holistic solution by combining both data backup and recovery services as well as endpoint security and threat intelligence. The acquisition is expected to close in the first quarter of 2019. [Read more.]

 

Wurk $11M funding Colorado tech news
Photo via Wurk

Wurk raises $11M to scale its cannabis compliance platform

Denver-based Wurk aims to scale its cannabis-focused HR platform this year with the help of a newly secured $11 million raise. The new investment will be used to launch Wurk’s managed services initiative as well as to continue expanding the capabilities of its employee management software. Poseidon Asset Management and Arcadian Fund led the round with participation from Altitude, Salveo Capital, Phyto Partners and The Arcview Group — all repeat investors. “Multiple new states came online in 2018, and with a number of markets planning to implement a regulated cannabis program this year, the industry needs these critical business applications in place to support it at scale,” said Founder and CEO Keegan Peterson in a statement. [Read more.]

 

PopSockets IPO Colorado tech news
Photo via PopSockets

PopSockets CEO teases possible IPO

PopSockets CEO David Barnett has been making his rounds in the media recently hinting that the Boulder-based company is gearing up for an IPO. PopSockets has become a smartphone accessory staple in recent years with its decorative, collapsible phone grip and stand. In an interview with Fortune, Barnett said he’s in talks with Morgan Stanley, UBS and Piper Jaffray about the possibility of an IPO and plans to continue similar conversations with other financial groups. If and when the company goes public, Barnett said they will list their public stocks on the New York Stock Exchange or the NASDAQ. [Read more.]

 

Cognizant Accelerator Boulder hub Colorado tech news
Photo via Cognizant

Cognizant Accelerator launches Boulder tech innovation hub

Cognizant Accelerator, an incubator and venture investing division of the professional services firm Cognizant, announced the opening of its global technology center and innovation hub in Boulder. The accelerator, which launched in 2016, supports the development and expansion of Cognizant's offerings in high-tech areas like artificial intelligence, blockchain and IoT, and has also helped the company create two new life sciences products. This announcement marks a continued commitment to the Boulder tech community, of which Cognizant has a workforce of nearly 1,400 people. [Read more.]

 

Helix TCS acquisition Colorado tech news
Photo via Shutterstock.

Helix TCS breaks into blockchain with the acquisition of Amercanex International Exchange

Greenwood Village-based Helix TCS, which delivers an operating services platform for the legal cannabis industry, announced it has acquired Amercanex International Exchange. The deal gives Helix TCS access to a sophisticated electronic communications network that leverages blockchain technology to facilitate real-time transactions of wholesale cannabis products between licensed operators in regulated markets. This allows Helix TCS’s customers to better manage infrastructure, supply chain, inventory and compliance tasks while helping to connect businesses in legal markets throughout the country. [Read more.]

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