Today’s M&A deals include announcements on OpenAI, Roi, IdeaTek, Epic Touch, TrustBIX, Mindsgate, among others.
OpenAI acquires Roi
OpenAI acquired Roi, a mobile application developer specializing in financial investment and portfolio management tools, to enhance its consumer-facing AI ecosystem. Roi’s platform integrates predictive analytics, personalized financial insights, and conversational interfaces, which align with OpenAI’s strategy to expand into intelligent financial advisory services. The acquisition brings innovative mobile UX design, API integration, and AI-powered financial modeling capabilities. Strategically, OpenAI plans to embed Roi’s features into future AI-driven personal finance applications, combining ChatGPT’s conversational intelligence with data-driven financial planning. While undisclosed, the deal is estimated at $20–$25 million, reflecting OpenAI’s growing focus on applied AI in fintech innovation.
Socket Telecom’s IdeaTek acquires Epic Touch
IdeaTek, a broadband infrastructure provider under Socket Telecom, acquired Epic Touch, a Kansas-based broadband and telecommunications company, to strengthen its fiber-optic internet presence in rural Midwest regions. The deal aims to expand high-speed broadband access through next-generation fiber networks and 5G-ready infrastructure. Strategically, IdeaTek seeks to enhance digital connectivity, leveraging Epic Touch’s local footprint and customer relationships. The acquisition also integrates advanced fixed wireless and fiber-to-the-home (FTTH) technologies to improve service scalability and reliability. Estimated at $40–$50 million, the deal supports IdeaTek’s mission of closing the rural digital divide through innovation and sustainable broadband expansion.
TrustBIX acquires indoor farm management system assets from Mindsgate
TrustBIX, a Canadian agri-tech company, acquired the indoor farm management system assets from Mindsgate to expand its agricultural sustainability and food traceability solutions. The acquisition strengthens TrustBIX’s position in controlled environment agriculture (CEA) by integrating IoT-based monitoring, automation, and AI-driven crop optimization technology. Strategically, this enhances its “Gate-to-Plate” digital platform, enabling real-time tracking of resource usage and carbon footprint in vertical farming operations. The transaction, valued at approximately $2–$3 million, reflects TrustBIX’s focus on innovation, data transparency, and sustainability in modern agriculture through smart farming technologies and cloud-based environmental management systems.
Thasniya VP
