mergers and acquisitons
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Cisco scoops up yet another cloud company, acquiring SD-WAN startup Viptela for $610M
Cisco has been rather acquisitive in recent years, buying 19 companies since 2015; today it announced it was acquiring cloud-based SD-WAN vendor Viptela for $610 million in cash. Viptela was founded in 2012 and had raised more than $108 million, including its most recent $75 million round just last May. The $610 million price tag appears to be a nice return for investors. Read More
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OneLogin acquires Sphere Secure Workspace to gain mobile management foothold
OneLogin, a company that provides identity management in the cloud, has become rather acquisitive over the last year buying CafeSoft last December and Portadi in June. Today it announced it was acquiring Sphere Secure Workspace to add mobile device management to their identity-driven security model.
“We are getting the hang of acquiring companies and propelling our roadmap very… Read More
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The method in Salesforce’s M&A madness
Salesforce has been on a shopping spree this year, spending in the neighborhood of $5-6 billion on 10 companies. That’s why it was interesting to hear company president, vice chairman and COO, Keith Block talk about what they look for in an acquisition target at a press conference at Dreamforce this week. This is particularly true in the context of rumors that Salesforce was interested… Read More
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Marc Benioff Offers Some Insight Into Thinking Behind SteelBrick Purchase
When Salesforce announced it was buying quote-to-cash vendor SteelBrick for $360 million at the end of last year, it came as a surprise. CEO Marc Benioff offered some insight into why he made the purchase at today’s Salesforce Lightning CRM launch event.
The move has to be seen in the light of comments made at a Dreamforce press event last fall with Keith Block, who was named COO today. Read More
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Salesforce Grabs Quote To Cash Vendor SteelBrick for $360 Million
They say there’s not supposed to be much M&A action the week of Christmas, but Salesforce apparently didn’t get the memo, picking up quote-to-cash vendor SteelBrick today for $360 million. According to the 8-K form Salesforce filed with the SEC, the deal is for $360 million in stock, not including the company’s investment in SteelBrick or the $60 million it has in… Read More
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More Fodder For Dell-EMC Deal As Pivotal Buys UK-Based CloudCredo
The Dell-EMC deal has had so many moving pieces since it was announced in October, it’s hard to tell the players without a score card. This morning, Pivotal, which is jointly owned by EMC and VMware (and General Electric) announced it was buying CloudCredo, a Cloud Foundry service provider based in the UK. The deal also includes stayUp, a log analysis company partly owned by… Read More
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Dell-EMC Deal All Systems Go As ‘Go Shop’ Provision Expires
When EMC and Dell announced their $67 billion deal in October, there was an interesting provision in the agreement — language that allowed EMC to continue shopping for a better deal. This ‘Go Shop’ clause expired last night.
The likelihood that anyone was ever going to step up and give EMC more than the $67 billion it negotiated with Dell was always remote at best, and the… Read More
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IBM Snags Clearleap Video Service As It Continues To Pick Off Strategic Cloud Properties
This morning IBM announced it was acquiring Clearleap, a company that gives it enterprise-grade video content management services in the cloud, and which adds another layer to its burgeoning cloud strategy.
IBM would not disclose the purchase price.
Clearleap, whose customers include HBO, The History Channel, Time Warner Cable and Verizon (the parent company of TechCrunch) provides… Read More
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IBM’s Shopping Spree Continues As It Buys Cloud Brokerage Firm Gravitant
IBM could have a shopping problem. It’s become the company that can’t say no as it scoops up properties to prop up its cloud strategy. Last week it was The Weather Company. Last month it was Cleversafe and today it was cloud brokerage firm, Gravitant. With Gravitant, it gets cloud brokerage, which helps companies manage cloud purchases across multiple suppliers. IBM plans to fold… Read More
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VMware To Purchase Boxer Email App And Fold It Into AirWatch
VMware didn’t let this week’s news that it was included in the $67 billion merger with Dell prevent it from breaking some news of its own, announcing plans to purchase email management app Boxer for an undisclosed amount at VMworld Europe. Even though EMC owns 80 percent of VMware, it has always operated as an independent entity, publicly traded under a separate stock. It… Read More
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