Limelight lightens its load

Posted by on August 31, 2011

Contact: Ben Kolada In a move to streamline its operations, Limelight Networks is divesting its EyeWonder assets to DG FastChannel. Although the deal comes at a considerable discount – DG’s $66m all-cash offer is only slightly more than half the amount that Limelight paid in cash and stock for EyeWonder less than two years ago [...]

Confab-ulous M&A at two cloud companies

Posted by on August 30, 2011

Contact: Brenon Daly Two of the most richly valued tech companies are each hosting annual get-togethers this week, and M&A is figuring into both of the confabs. VMware opened VMworld in Las Vegas on Monday, while saleforce.com followed a day later with Dreamforce in San Francisco. As these companies were getting ready to open the [...]

Corel erases iGrafx from its portfolio

Posted by on August 29, 2011

Contact: Brenon Daly A decade after picking up iGrafx, the private equity-backed Corel firm has divested the business process management (BPM) software company to newly formed buyout shop The Limerock Group. The move should allow new focus and resources for iGrafx, which was always an odd fit inside Corel. For its part, iGrafx sold almost [...]

Verizon drives toward convergence with CloudSwitch buy

Posted by on August 26, 2011

Contact: Ben Kolada, Antonio Piraino True to its intentions of bolstering its cloud prowess and less than half a year after completing its Terremark Worldwide purchase, Verizon Communications has now acquired cloud onboarding provider CloudSwitch. The timing of the deal comes as a surprise – CloudSwitch was still in startup mode – but that only [...]

Jive talkin’ on Wall Street

Posted by on August 25, 2011

by Brenon Daly Despite one of the more inhospitable environments for IPOs, Jive Software has put in its paperwork for a $100m offering. The company, which sells a social network for businesses, has seen revenue nearly triple from 2008 to $46m last year. In the first half of this year, Jive has continued its strong [...]

RealPage gets diluted on a deal

Posted by on August 24, 2011

by Brenon Daly Exactly a year after going public, RealPage on Monday evening announced its largest-ever acquisition. However, the $74m cash-and-stock purchase of MyNewPlace didn’t exactly go over with Wall Street as the property management software vendor might have hoped. The recently minted shares of RealPage dropped 11% on heavy trading, hitting their lowest level [...]

Stepping to the sidelines

Posted by on August 22, 2011

Contact: Brenon Daly Despite a few high-profile acquisitions recently, companies are tempering their buying plans for the rest of the year. At least that’s what they indicated in our ‘flash’ survey of corporate development executives, which we closed last week after a record turnout. Nearly 100 respondents offered their views on what they expect in [...]

A longshot for Leo?

Posted by on August 19, 2011

Contact: Brenon Daly Hewlett-Packard is now, officially, Leo Apotheker’s company. Since his somewhat surprising appointment as HP’s chief executive last fall, Apotheker has been taking small steps while also dropping big hints that he would be recasting the tech giant. But few observers could have imagined the almost unprecedented scope of the transition that Apotheker [...]

Microsemi opens the hostilities

Posted by on August 18, 2011

Contact: Brenon Daly In a bear-hug letter last month, Microsemi warned fellow chipmaker Zarlink Semiconductor that it was ready to ‘take all necessary actions’ to consolidate the Canadian company. On Wednesday, that came to pass: Microsemi said it would bypass Zarlink’s board, which shot down the unsolicited offer, and take its $549m all-cash bid directly [...]

A little something for your trouble

Posted by on August 17, 2011

Contact: Brenon Daly Breaking up is hard to do. And it can be expensive, too. But as a pair of deals this week shows, the costs aren’t necessarily borne equally by the two sides in a planned transaction. In the higher-profile case, the market is buzzing that Google may be on the hook for a [...]

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