Gruve Acquires Lumos Cloud

GeologicAI Acquires Lumo Analytics

December 17, 2025

Data & Analytics

GeologicAI, a Calgary-based provider of high-resolution decision engineering for the critical minerals sector, has acquired Lumo Analytics, a Helsinki-based maker of compact LIBS (Laser-Induced Breakdown Spectroscopy) scanners. The acquisition extends GeologicAI’s on-site sensor suite to include rapid detection of light elements and rare-earth elements, strengthening its data and analytics offering for mining customers.

Gruve Acquires NetServ to Expand AI-Driven Cloud and Network Services

September 19, 2024

IT Services

Gruve, an AI-driven enterprise services startup, has acquired NetServ, a provider of cloud services, network automation, workload migration and AI-enabled operations. The deal expands Gruve's capabilities in cloud migration, network automation and generative AI-powered service delivery for large enterprise and healthcare customers.

Netigate Acquires Lumoa

March 26, 2024

Cloud & SaaS

Netigate, a European experience-management SaaS provider, has acquired Lumoa, a Helsinki-based customer experience platform that offers Generative AI capabilities. The deal combines the companies' product portfolios and customer bases (together serving over 1,500 customers) to expand Netigate's CX/EX analytics and AI capabilities while keeping data processing compliant with EU regulations.

Groq Acquires Definitive Intelligence

March 4, 2024

AI & Machine Learning

Groq has acquired Definitive Intelligence and brought co-founder and CEO Sunny Madra and his team into the company to lead a new GroqCloud business unit. The acquisition supplies engineering resources that will accelerate GroqCloud (a self-serve developer playground for the Groq LPU inference engine) and enable a new Groq Systems unit focused on customers requiring Groq hardware and public sector use cases.

Descartes Systems Group Acquires GroundCloud

February 14, 2023

Transportation

Descartes Systems Group acquired GroundCloud, a Minneapolis-based provider of final-mile carrier SaaS solutions that combine route execution, safety/compliance and video telematics. The deal involved approximately $138 million in up-front cash plus an earn-out of up to $80 million tied to revenue targets.

ColoHouse Acquires Lume Cloud

September 14, 2021

Cloud & SaaS

ColoHouse, a global colocation, cloud and managed services provider based in Miami, has acquired Lume Cloud, a managed cloud services provider that offers private cloud, edge data center and hybrid infrastructure solutions including the Cloud Anyware suite. The deal expands ColoHouse's private cloud, backup/recovery and security capabilities across its 24 locations and will keep Kyle Verzello as leader of the Lume Cloud product teams.