The September slump
Posted by Brenon Daly on September 30, 2011
Contact: Brenon Daly It seems September wasn’t just a month to forget for the Boston Red Sox. Tech M&A also had a slump of its own this month. Although the decline in dealmaking wasn’t nearly the historic proportion of the ‘BoSox debacle,’ which saw the team drop 20 of its final 27 games and miss [...]
A renaissance of PE interest in Renaissance
Posted by Brenon Daly on September 29, 2011
Contact: Brenon Daly In 2010, PLATO Learning went private in a relatively straightforward process that took just two months from Thoma Bravo’s announcement of the leveraged buyout (LBO) of the online education vendor to the close of it. Now, privately held PLATO is drawing out – and making more expensive – the LBO of fellow [...]
Certainty for some, uncertainty for others
Posted by Tejas Venkatesh on September 23, 2011
Contact: Thejeswi Venkatesh Despite a few high-profile acquisitions recently, some companies have trouble finding buyers. For instance, STX pulled out of contention for Hynix Semiconductor, citing market uncertainties. This was the third time in as many years that the creditors-turned-owners of Hynix, whose revenue mix consists of more than 70% DRAM and about 25% NAND [...]
SaaS giant salesforce.com thinks small
Posted by Brenon Daly on September 22, 2011
Contact: Brenon Daly Just several months after putting money into Assistly in its second round of funding, salesforce.com decided Wednesday to pick up the whole startup for $50m. The purchase should help the SaaS giant extend its customer service offering, Service Cloud, to small businesses. Founded in 2009, Assistly had drawn in more than 1,000 [...]
The emergence of convergence
Posted by Ben Kolada on September 21, 2011
Contact: Ben Kolada The telecommunications and IT industries are increasingly converging, with Verizon Communications’ recent CloudSwitch acquisition perhaps the best example of a telco moving up the IT stack. But the CloudSwitch deal is just one example of a series of moves by telecom service providers to attack the $3bn cloud computing market. Other telcos [...]
S1 is out of one deal, still in a second deal
Posted by Brenon Daly on September 20, 2011
Contact: Brenon Daly We now know that S1 Corp won’t be a buyer, but whether the financial software company is a seller remains an open question. Late last week, S1 scrapped its three-month-old plans to acquire Fundtech, pocketing an $11.9m breakup fee for its trouble. (That represents a not-insignificant windfall for a company that has [...]
CommVault going it alone
Posted by Brenon Daly on September 19, 2011
Contact: Brenon Daly Even though many of the storage companies that went public over the past half-decade have subsequently been erased from the market through M&A, don’t look for CommVault to join that list. At least that’s the official word from the top of the company. CEO Robert Hammer said during his presentation at ThinkEquity’s [...]
Braving the IPO market
Posted by Tejas Venkatesh on September 16, 2011
Contact: Thejeswi Venkatesh While the IPO pipeline is getting drier, GCT Semiconductor has taken the contrarian route, filing paperwork for its proposed $100m offering. The company, a fabless designer and supplier of 4G mobile system-on-a-chip semiconductor solutions, has seen revenue triple from 2009 to $68.64m. With the mobile industry transitioning to 4G to handle the [...]
Shorting follows shopping at KIT digital
Posted by Brenon Daly on September 15, 2011
Contact: Brenon Daly Following an M&A spree earlier this year that had some on Wall Street skeptical, KIT digital says it’s now in ‘harvest’ mode from its earlier deals. In the first four months of 2011, the video asset management (VAM) vendor scooped up five companies. Although that’s the same number of deals it did [...]
What lies ahead for independent ESIM vendors?
Posted by Tejas Venkatesh on September 14, 2011
Contact: Thejeswi Venkatesh, Ben Kolada Hewlett-Packard recently announced the availability of ArcSight Express 3.0, an upgraded version of the product it acquired last year. In light of this release, we note that independent ESIM vendors aren’t resting on their laurels, either. They continue to develop, innovate and position themselves as potential IPO/acquisition candidates. Competition is [...]
keep looking »