Key Transactions

TBS Holdings acquired Wacul

Announced: May 2025 Deal Value: $24.7M

In Japan, AI-based digital marketingsoftware provider Wacul was acquired by media and broadcasting company TBS Holdings for $24.7M in May to leverage their strength in digital expertise.

 TBS Holdings acquired Wacul Wacul acquired by TBS Holdings

The Carlyle Group acquired Kaonavi

Announced: April 2025 Deal Value: $325M

In April, cloud based human resource management services provider Kaonavi was bought by US-based PE firm The Carlyle Group for $325M to leverage Japan's growing HR technology sector.

The Carlyle Group acquired Kaonavi Kaonavi acquired by The Carlyle Group

ConsenSys acquired Torus Labs

Announced: June 2025

In Singapore, blockchain platform Torus Labs was acquired by US-based financial software provider ConsenSys allowing it to significantly improve the capabilities of MetaMask, a popular crypto wallet.

ConsenSys acquired Torus Labs Torus Labs acquired by ConsenSys

Mega Deals

Baidu acquired JOYY

Announced: February 2025 Deal Value: $2.1B

 The largest tech M&A deals in Asia through Q1 2025 included the purchase of the leading global video-based social media platform in China, Joyy for $2.1B by Chinese technology company Baidu to diversify its revenue and better compete with online entertainment rivals. 

Baidu acquired JOYY JOYY acquired by Baidu

Growth and Exit Consulting

If you are aiming to learn about the key deals and valuations for data seurity companies, then you've come to the right place. With our report, you'll get valuable information that will inform the future of your company, and educate yourself on the current trends in the market.