A Coremetrics sale to salesforce.com?
Posted by Brenon Daly on February 26, 2010
Contact: Brenon Daly Could this be a case of history repeating itself? A Web analytics vendor pulls out at the last minute of a technology conference at a boutique bank, and then announces that it has agreed to a richly priced sale of the company. That’s the way it played out last fall with Omniture [...]
Blue-light special on Brocade
Posted by Brenon Daly on February 25, 2010
by Brenon Daly For all of the would-be suitors of Brocade Communications, now is seemingly the time to move on the enterprise networking vendor. The value of the company has been trimmed by about one-quarter this week, meaning that a buyer paying a typical premium would be getting Brocade for the price that it fetched [...]
No-go IPO for RedPrairie
Posted by Brenon Daly on February 23, 2010
Contact: Brenon Daly Scratch another name off the list of IPO candidates. RedPrairie, which had filed to go public in late November, instead sold on Tuesday to buyout shop New Mountain Capital. The sale moves the supply chain management software vendor from one private equity portfolio to another. (We understand that the two book runners [...]
A Mimosa-colored Iron Mountain
Posted by Brenon Daly on February 22, 2010
Contact: Brenon Daly Adding a major piece to its information management portfolio, Iron Mountain said Monday that it will hand over $112m in cash for Mimosa Systems. (We noted two weeks ago that the market was buzzing on this possible pairing.) The purchase is the largest by Iron Mountain since its October 2007 acquisition of [...]
QlikTech looks likely to click on the market
Posted by Brenon Daly on February 19, 2010
Contact: Brenon Daly Even though the public market has been fairly choppy lately, there seems to be no shortage of companies willing to step into the uncertain waters. We’ve seen a number of recent IPO filings, as companies get their final 2009 numbers in order and look ahead to a possible summer offering. The problem [...]
Will Google land On2?
Posted by Brenon Daly on February 17, 2010
Contact: Brenon Daly At this rate, Google may never again go shopping on the public market. Its contentious reach for On2 Technologies, which has been bogged down for a half-year, will come to some kind of resolution after the close of the market today, with shareholders of the video compression software vendor set to vote [...]
Autonomy and Art Technology: Lower after raising
Posted by Brenon Daly on February 16, 2010
Contact: Brenon Daly There’s money, and then there’s expensive money. To underscore the difference, consider a pair of recent money-raising offerings from notably acquisitive companies. First, the worst. Art Technology Group announced earlier this month that it intended to hold a 25-million-share secondary, with an undisclosed portion of it earmarked for possible acquisitions. The plan [...]
Informatica parlays MDM bets
Posted by Brenon Daly on February 12, 2010
Contact: Brenon Daly Informatica’s purchase of Siperian at the end of January marked the data-integration vendor’s first acquisition of a master data management (MDM) company. However, it wasn’t the first time Informatica has put money into the sector. The company held small stakes of both Purisma, which sold to Dun & Bradstreet for $48m in [...]
Consistency pays off for JP Morgan
Posted by Brenon Daly on February 10, 2010
Contact: Brenon Daly Continuing its steady climb up the rankings, JP Morgan Securities emerged as the busiest adviser for US technology deals in 2009. The bank, which worked on three of the four largest transactions last year, moved up from third place on The 451 Group’s league table in 2008 after not even figuring into [...]
Pouring cold water on the latest Sourcefire rumor
Posted by Brenon Daly on February 9, 2010
Contact: Brenon Daly At the tail end of last week, the market was buzzing that Sourcefire may be back in play. Of course, that’s not all that unusual for the Snort shop, which has seen two publicly disclosed acquisition offers in the past four years come to nothing. (Recall that Check Point Software failed to [...]
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