Freshworks buys Israel's Robusta as CoStar, EnerSys strike $1B in deals
What's the deal? Freshworks has acquired Israeli AI software company RobustaDealroom has a profile for this one. Try Dealroom → Dev for an undisclosed sum, adding AI-assisted incident investigation to its Freshservice IT service management platform. The deal was announced in October, part of a trio of tech acquisitions that also saw CoStar GroupDealroom has a profile for this one. Try Dealroom → and EnerSysDealroom has a profile for this one. Try Dealroom → open their wallets.
What does Robusta do? It builds incident intelligence technology that identifies technology disruptions, investigates root causes, and recommends fixes. Freshworks plans to combine that diagnostic software with Freshservice and its FireHydrant incident orchestration tools to speed up resolution and prevent recurring outages.
What's the endgame? The move is a focused bet on AI-enabled IT operations. Co-founder and chief executive officer Natan Yellin highlighted the technology's ability to reduce the computing resources needed for investigating large volumes of operational events.
The bigger wallets: On October 27, CoStar Group agreed to buy aerial imagery and geospatial firm VexcelDealroom has a profile for this one. Try Dealroom → for about $730 million in cash. Vexcel generated more than $140 million in revenue over the past 12 months, with growth exceeding 30%, and covers over 45 countries, 320 metropolitan areas, and 99.6% of the US population.
CoStar plans to use AI to extract property and infrastructure data from Vexcel's imagery. It expects the deal to be accretive to adjusted earnings in its first full year, with closing targeted for the first quarter of 2027.
The defence play: Also on October 27, EnerSys agreed to acquire battery maker UltralifeDealroom has a profile for this one. Try Dealroom → for roughly $320 million, including net debt. Shareholders will receive $16 per share, a 166% premium to Ultralife's October 26 closing price.
Ultralife, which posted about $191 million in fiscal 2025 revenue and employs more than 700 people, makes power systems for drones, counter-drone systems, and military communications. EnerSys expects annual cost savings of $15 million–$20 million within 18 months and plans to close in the first quarter of 2027.
The signal: The three deals point in distinct directions — richer real-estate data, defence power, and AI-driven IT operations. Rather than one M&A wave, they reflect buyers paying up to extend their core franchises into higher-growth, technology-heavy niches.
Read more: infotechlead.com
Image credit: Idaho National Laboratory
