Weekly Refresh: Affinitiv’s New CEO, Sittercity Acquired, and More

by
August 10, 2020
chicago
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Livongo merged with Teladoc Health. They’ll become one telehealth company, and are worth an estimated combined total of $37 billion. Livongo’s tech platform helps people with chronic conditions manage life with their diseases and Teladoc Health’s platform lets people make an appointment and chat with a doctor virtually. [Built In Chicago]

Cashdrop raised $2.7M. The startup helps businesses quickly set up a free mobile storefront. With the fresh funding, it plans to hire on content creators and growth executives. [Built In Chicago]

Chicago’s first woman-owned bank greenlit. First Women’s Bank plans to open in early 2021. It aims to help give women more access to capital. [Built In Chicago]

Sittercity acquired by Bright Horizons. The tech company, founded in 2001, helps parents find in-home childcare and is led by CEO Elizabeth Harz. Bright Horizons is a publicly traded childcare provider. The acquisition will help speed up Sittercity’s roadmap. [Chicago Inno]

Motorola Solutions bought Pelco. It purchased the company, which designs, develops and distributes video technology, for $110 million. With the purchase, Motorola plans to further expand its global footprint. [Chicago Business Journal]

Affinitiv announced new CEO. Sid Nair joined the team, bringing over 25 years of experience running large tech companies. He’ll also join the company’s board. [Press Release]

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