Symantec gets the better end of a ‘win-win’ deal
Posted by Brenon Daly on November 16, 2011
Contact: Brenon Daly When a marriage dissolves, it’s typically a messy process with bitter recriminations and resentments over how to divide the results of lives pooled together. Not so with Symantec’s step out of its three-and-a-half-year-old joint venture (JV) with Huawei. Selling its 49% stake in the storage and security appliance JV to its Chinese [...]
US telcos feeling the squeeze
Posted by Ben Kolada on May 4, 2011
Contact: Ben Kolada Amid double-digit revenue growth in the cloud infrastructure market, US telcos are increasingly buying their way into this industry in an effort to stem losses in their traditional wireline businesses. However, just as the hosting and colocation sectors are growing rapidly, so too are the major players being acquired. So far this [...]
A warm welcome on Wall Street
Posted by Brenon Daly on April 21, 2011
Contact: Brenon Daly Against a backdrop that has the major stock market indexes at their highest level in about three years, investors have apparently signaled that they are ready to take a chance again on new issues. A pair of IPOs came to market Thursday at significantly higher-than-expected prices, and promptly surged in aftermarket trading. [...]
China becoming social in public
Posted by Ben Kolada on April 19, 2011
Contact: Ben Kolada While talk of social companies hitting the public markets has so far focused on US firms such as Facebook, GroupOn and LinkedIn, the first vendor to do so may actually come from the Far East. Dubbed the ‘Facebook of China,’ Beijing-based Renren filed its prospectus on Friday and will reportedly hit the [...]
3Leaf ends up at Huawei – but will it be staying there?
Posted by Brenon Daly on November 30, 2010
Contact: John Abbott Six months ago, I/O virtualization startup 3Leaf Systems disappeared from our radar screens. A little digging around more recently revealed that key staff members had scattered. VP of marketing Shahin Kahn was now at ORION Marketing Group, a consulting firm, with other ex-Sun Microsystems colleagues. CEO B.V. Jagadeesh had turned up as [...]
NTT makes $3.2bn IT services play
Posted by Brenon Daly on July 15, 2010
Contact: John Abbott Japanese telecommunications giant Nippon Telegraph and Telephone (NTT) has made a surprise offer for one of its existing partners, Dimension Data Holdings, an LSE- and Johannesburg Securities Exchange-listed IT services firm with roots in South Africa. This is an unusually large acquisition for a Japanese company, worth 120 pence per share, approximately [...]
Rakuten buys beyond Asia
Posted by admin on June 28, 2010
Contact: Jarrett Streebin Japanese companies have never been known as serial acquirers, but Rakuten is certainly doing its best to stay busy. In each of the past two months, the Japanese conglomerate, which has a significant online retail operation, has spent a quarter-billion dollars in an effort to build up its Web retailing business. The deals represent [...]
CDC Software’s rollup is rolling along
Posted by Brenon Daly on May 26, 2010
Contact: Brenon Daly Since being spun off from its parent company less than a year ago, CDC Software has been rolling along with its planned rollup. It has done a half-dozen acquisitions of small, on-demand software companies to help expand its portfolio of ERP, CRM and supply chain management offerings. (It got bigger eyes earlier [...]
Revenue refresh through M&A
Posted by Brenon Daly on April 9, 2009
Contact: Brenon Daly Having recently lost several key Asian customers in the brutally competitive digital TV market, Trident Microsystems went shopping in Europe last week to rebuild its top line. On its trip, Trident got a pretty good bargain. It will hand over some seven million shares, valued at roughly $10.3m, to Switzerland’s Micronas Semiconductor [...]
Cutting the ties that bind
Posted by Brenon Daly on March 9, 2009
Contact: Brenon Daly As the business prospects for this year continue to deteriorate, companies are increasingly looking to shed underperforming divisions. VeriSign, for example, has already divested two units so far this year and still has a handful of others on the block. As drawn-out and money-losing as divestitures can be, it’s almost always preferable [...]
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