Micware Acquired | Technology M&A Deal

Micware has completed the closing of its upsized initial public offering, a enterprise software business in Japan, for US$22.8 million. Micware provides software development services and innovative IT solutions focused on automotive and mobility, including in-vehicle infotainment software platform micAuto-PF and dynamic street map and marketplace DSMM capabilities. The company also supports Software Defined Vehicles (SDV) and Location-Based Services (LBS) with technology offerings designed for connected mobility use cases. As a technology M&A related other acquisition-style capital raise, Micware listed ADSs on the Nasdaq Global Market under ticker MWC at US$8.00 per ADS, generating aggregate gross proceeds of US$22.8 million before underwriting discounts and offering expenses.