Mergers and Acquisitions
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IBM Acquires Cleversafe To Accelerate Hybrid Cloud Storage Strategy
This morning IBM announced plans to acquire Cleversafe, a Chicago-based data storage vendor. The move appears to be a way to shore up IBM’s hybrid cloud storage chops. Terms of the deal were not available. Cleversafe was founded in 2004, and was well ahead of its time when it came to anticipating the big data revolution. According to its website, the company foresaw the coming data… Read More
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Accenture Acquires Cloud Sherpas To Enhance Cloud Consulting Chops, Especially Around Salesforce.com
Accenture, the worldwide consulting company, announced today it was buying Cloud Sherpas, a firm that specializes in helping companies incorporate cloud services like Salesforce.com, Google and ServiceNow into the enterprise. Accenture did not disclose the purchase price. It’s not a coincidence that this announcement came as Dreamforce, the enormous Salesforce.com customer conference,… Read More
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BlackBerry Goes Shopping Again, Buys Good Technology
BlackBerry pulled a surprise move this morning when it announced that it’s purchasing mobile device management vendor Good Technology for $425 million in cash. It signals that BlackBerry, which has lost most of its worldwide handset marketshare, is shifting its focus by expanding its mobile enterprise security platform. In a way, this shift makes sense, as BlackBerry has always been… Read More
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Hortonworks Acquires Onyara, Early Startup With Roots In NSA
Hortonworks, the big data company built on Hadoop, bought early-stage startup Onyara today. The company, which launched at the end of last year, has its roots in the NSA — yes that NSA. The Onyara engineers worked at the NSA for 8 years helping to develop a technology that would later be known as Apache NiFi. The NSA released the technology to the open source community last year as… Read More
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Symantec Sells Veritas Division To Private Equity Group For $8B
Symantec announced today that it had sold its Veritas division to The Carlyle Group, a Washington, DC-based private equity firm for $8 billion in cash. The move comes after Symantec, mostly known as a computer security company, announced it was splitting into two separate publicly traded companies last fall. The first was going to be Symantec, which as you might expect focused on security… Read More
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Intel-Altera Deal Marks Second Big Chip Company Merger In Less Than A Week
This morning Intel confirmed it had bought Altera, maker of programmable chips, for $16.7 billion. That may seem like a big number until you consider that Avago Technologies Ltd. bought wireless-chip maker Broadcom last week for $37 billion. It’s a good week to be in the chip business. According to published reports, the deal has been in the works for months, but perhaps the… Read More
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EMC Continues Shift To Cloud With $1.2B Virtustream Purchase
EMC announced this morning that it had purchased Virtustream, a cloud management firm, for $1.2 billion. The company has indicated it will incorporate Virtustream as the company’s newly formed cloud managed services business. Virtustream, which launched in 2008 has raised of $129 million since its inception. A billion dollar exit on that kind of raise is not too shabby, and it gives… Read More
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Cisco Snags Tropo Communications Development Platform
When you think of Cisco, it’s easy to pigeon-hole them as a networking equipment company, but Cisco also has a communications and collaboration side that includes WebEx. Today, it announced its intent to buy Tropo, a Twilio-like communications platform for adding telephony, messaging and other communications tools to any application. As I wrote yesterday, APIs are making it simpler… Read More
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Box Gains 3D Viewing With Verold Purchase
Box announced today in a blog post by CEO Aaron Levie, that the company had purchased Verold, makers of 3D viewer technology
“With Verold’s technology, we’re extending our world-class content previewing and collaboration platform to interactive 3D content, opening all new-use cases across manufacturing, engineering, consumer products, and media and entertainment,”… Read More
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Informatica Could Feel A Tight Squeeze From Its New Owners
Informatica was sold yesterday to private equity firm, Permira and The Canada Pension Plan Investment Board, a rather strange mix of investors. The selling price was $5.3B and published reports suggest that it might not have been Informatica’s wish to be sold.
What’s done is done, however, and the question is can this profitable company stay that way owned by a traditionally… Read More
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