Tech M&A Watch: Lattice, Cyera, ServiceNow, S&P Global, Progress Software, and Vena Drive Enterprise AI Consolidation

 The CODEW | Tech M&A Watch (July 29, 2026)

The pace of technology mergers and acquisitions continues to accelerate as companies race to strengthen their positions in artificial intelligence, cybersecurity, enterprise software, and digital infrastructure. A series of major transactions announced this week underscores how strategic acquisitions have become a primary vehicle for expanding AI capabilities, securing enterprise environments, and building the next generation of intelligent software platforms.

The latest deals span nearly every layer of the enterprise technology stack—from semiconductor infrastructure and cloud management to identity security, financial planning, and market intelligence—highlighting the industry’s growing emphasis on AI-native products and data-driven enterprise platforms.

Lattice Completes AMI Acquisition to Expand AI Infrastructure Portfolio

Lattice Semiconductor has completed its acquisition of AMI, finalizing a transaction first announced in May. The combination brings together Lattice’s low-power FPGA technology with AMI’s industry-leading platform firmware and infrastructure management software, creating one of the industry’s most comprehensive secure management platforms for AI data centers.

The acquisition strengthens Lattice’s position in hyperscale computing by integrating programmable silicon with firmware-level control, enabling customers to improve server security, hardware management, and infrastructure reliability across increasingly complex AI deployments.

AMI will continue operating as a dedicated business unit while maintaining its silicon-neutral approach, allowing customers to deploy its firmware technologies across multiple processor platforms. Lattice expects the transaction to contribute positively to gross margins, free cash flow, and non-GAAP earnings while supporting its goal of surpassing a $1 billion annual revenue run rate by the end of 2026.

Cyera Makes $1 Billion Bet on AI Identity Security.

Cybersecurity remains one of the most active areas for technology consolidation, with data security leader Cyera announcing its acquisition of Oasis Security in a transaction valued at approximately $1 billion.

The deal combines Cyera’s enterprise data security platform with Oasis Security’s agentic identity governance technology, which focuses on securing non-human identities, machine credentials, APIs, and autonomous AI agents operating within enterprise environments.

Approximately $700 million of the transaction will be paid in cash, with the remainder in Cyera shares. The acquisition follows Cyera’s recent $600 million funding round at a $12 billion valuation and marks one of the largest cybersecurity transactions of the year.

As enterprises deploy increasing numbers of AI agents capable of performing business tasks independently, identity governance has become a critical component of enterprise security. The acquisition positions Cyera to offer organizations a unified platform capable of protecting both sensitive data and the AI identities accessing it.

Progress Software Expands Enterprise Analytics Through Domo Acquisition

Progress Software also announced plans to acquire substantially all of Domo’s AI and data platform business in a $400 million cash transaction.

The acquisition significantly expands Progress’ enterprise data platform strategy by adding Domo’s cloud-native analytics capabilities, more than 2,400 enterprise customers, and a broad ecosystem of cloud data warehouse partnerships.

Progress expects the combined platform to help organizations transform fragmented enterprise information into governed, AI-ready intelligence, reflecting the growing importance of trusted enterprise data as organizations scale generative AI initiatives.

The transaction also reflects an industry-wide shift toward integrated software platforms that combine analytics, governance, automation, and AI capabilities under a single enterprise architecture.

ServiceNow Invests in Banking AI

ServiceNow is expanding its presence in financial services through a strategic investment in Indian banking software provider BusinessNext.

The company invested $40 million through its venture arm, acquiring approximately a 5% ownership stake and valuing BusinessNext at roughly $700 million. BusinessNext develops AI-powered banking software and currently serves more than 120 financial institutions, including State Bank of India and HDFC Bank.

The new capital will support the company’s expansion across Southeast Asia and Australia while strengthening its autonomous banking platform. Although structured as a minority investment rather than a full acquisition, the transaction demonstrates ServiceNow’s continued strategy of extending its AI-powered workflow platform into industry-specific enterprise applications.

Vena Solutions Accelerates Agentic AI Strategy

Canadian financial planning software provider Vena Solutions has agreed to acquire Toronto-based startup Morpheo AI as it continues building an AI-first financial planning and analysis platform.

Morpheo AI’s technology and engineering team will be integrated into Vena’s AI portfolio, accelerating development of Vena Omega, the company’s cumulative context engine designed to deliver organization-specific intelligence and autonomous financial workflows.

The acquisition follows Vena’s earlier purchase of Acterys, demonstrating an aggressive acquisition strategy aimed at strengthening AI capabilities across enterprise finance.

S&P Global Targets AI Infrastructure Intelligence

S&P Global is also expanding through acquisition, announcing a deal to purchase datacenterHawk, a leading provider of intelligence covering global data center, power, and digital infrastructure markets.

The acquisition comes as demand for AI computing infrastructure continues to surge worldwide. By combining datacenterHawk’s specialized market intelligence with S&P Global’s extensive financial and industry datasets, the company aims to deliver deeper insights into data center development, power availability, infrastructure investment, and AI-driven capacity expansion.

The move reflects growing investor demand for reliable intelligence covering one of the fastest-growing segments of the global technology economy.

AI Is Reshaping the Technology M&A Landscape

Taken together, these transactions illustrate how artificial intelligence is reshaping acquisition strategies across the technology industry. Rather than pursuing acquisitions solely for market share, companies are increasingly targeting specialized capabilities that accelerate AI deployment, strengthen cybersecurity, improve enterprise data management, and support rapidly expanding digital infrastructure.

Semiconductor companies are integrating firmware and hardware to secure AI data centers. Cybersecurity vendors are acquiring identity governance platforms built specifically for autonomous AI agents. Enterprise software providers are consolidating analytics and AI capabilities, while financial software companies continue investing in intelligent automation. At the same time, market intelligence firms are expanding into digital infrastructure as AI drives unprecedented demand for compute capacity and power.

As enterprise AI adoption accelerates throughout 2026, strategic acquisitions are expected to remain one of the primary mechanisms through which technology companies expand their platforms, acquire specialized talent, and strengthen competitive positioning in an increasingly AI-first enterprise software landscape.

Sources

This report was compiled using official company announcements, corporate press releases, regulatory filings, and reporting from leading global business and technology news organizations. Primary sources include:

• SecurityWeek — Cyera to Acquire Oasis Security in $1 Billion Deal
• Business Wire — Lattice Semiconductor Announces Completion of AMI Acquisition
• Progress Software Investor Relations — Progress Software to Acquire Domo's AI and Data Platform Business
• Reuters — ServiceNow Acquires 5% Stake in BUSINESSNEXT, Valuing the Indian Software Firm at $700 Million.
• Business Wire News — Vena to Acquire Morpheo AI to Advance Vena AI Through Vena Omega
• Reuters — S&P Global Reports Strong Quarterly Results and Announces DatacenterHawk and Agusto Acquisitions

Tech M&A Watch provides in-depth coverage of mergers, acquisitions, strategic investments, divestitures, and corporate restructuring across the technology industry, analyzing how deals reshape markets, competition, and innovation.