IPO

Singapore chipmaker UTAC Holdings is preparing for an IPO in the United States, according to The Wall Street Journal, in which it hopes to raise around $400 million. The company is jointly owned by the private equity firms TPG and Affinity Equity Partners after it was taken private in a 2007 leveraged buyout.

In anticipation of an IPO some time this year, Instructure, the company behind the educational software platform Canvas, has raised $40 million in a Series E from EPIC Ventures, OpenView Venture Partners, and Insight Venture Partners. The Salt Lake City, UT-based company is quickly taking market share from Blackboard, which pioneered online education “bulletin boards” for K-12 and higher education institutions in 1997.

M&A

Samsung has acquired LoopPay, a mobile wallet that counts Visa as an investor and reportedly works at 90% of retail locations today. The move thrusts Samsung into the same space as Apple Pay, PayPal, and CurrentC, the last one a collaboration between CVS, Target, and Walmart. Terms of the deal have yet to be disclosed.

Priceline has made an acquisition of its own a week after Expedia announced that it would be acquiring Orbitz. But at $20 million, for Chicago-based hotel booking service Rocketmiles, the deal is considerably smaller.

Indian IT service provider Infosys will acquire Panaya, a software company for Enterprise Resource Planning (ERP) originally founded in Israel, at a reported $200 million price tag. The deal will close some time in March. Panay had raised $59 million from Benchmark, Battery Ventures, and Israel Growth Partners, among others.

Fitmob, a $99 per month subscription service that provides access to all participating gyms in its network, has expanded its platform by acquiring Gymsurfing, a purveyor of day passes to gyms. Fitmob currently operates in seven markets. With the Gymsurfing deal, Fitmob will add Dallas and San Diego to this list.

One of India’s $1 billion unicorns, the e-commerce marketplace Snapdeal, has acquired Exclusively.in, a shopping platform focused on luxury goods for Indian consumers. Terms of the deal are currently undisclosed, but Exclusively.in had raised $18.8 million in venture financing from Tiger Global, Accel, and Helion Venture Partners. It comes the same week that Google Capital announced it was seeking a partner to lead investments in the country.