Corel erases iGrafx from its portfolio
Posted by Brenon Daly 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 [...]
A longshot for Leo?
Posted by Brenon Daly 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 [...]
Telefónica nabs cloud hosting firm acens Technologies
Posted by Ben Kolada on June 9, 2011
Contact: Ben Kolada Consolidation between the telecommunications and hosting industries continued today with Madrid-based telco Telefónica purchasing cloud hosting and colocation provider acens Technologies from buyout shop Nazca Capital. Although this deal seems to be just another in the long line of telco-hosting pairings, it actually represents one of the biggest foreign consolidations that we’ve [...]
A tale of two e-discovery deals
Posted by Brenon Daly on May 26, 2011
Contact: Nick Patience Last week was more or less bookended with two acquisitions in the e-discovery market, with Autonomy Corp picking up Iron Mountain’s digital assets on Monday and Symantec buying Clearwell Systems on Thursday. Autonomy and Symantec share a market but little else between them. Both are experienced acquirers – having made, collectively, 50 [...]
Updata secures a bargain from CA
Posted by Brenon Daly on May 17, 2011
Contact: Brenon Daly When CA Technologies ‘partnered’ with Indian outsourcing firm HCL Technologies to try to offload its security business in November 2007, we termed the move a ‘kind-of, sort-of’ divestiture that was unlikely to fit well with either party. Three and a half years later, the full divestiture is finally done: CA sold it [...]
Autonomy picks up piece of rock from Iron Mountain
Posted by Brenon Daly on May 16, 2011
Contact: Brenon Daly, Nick Patience Announcing its first acquisition in almost a year, Autonomy Corp has picked up Iron Mountain’s digital assets in a surprisingly rich purchase of a castoff business. Autonomy will pay $380m in cash for the units, which include backup and recovery, e-discovery and digital-archiving software. The transaction effectively unwinds Iron Mountain’s [...]
eBay bids high for GSI
Posted by Ben Kolada on March 28, 2011
Contact: Ben Kolada In its largest deal in the past half-decade, eBay is set to acquire e-commerce vendor GSI Commerce for $2.4bn. The company hasn’t made such a move since September 2005, when it forked over $2.6bn for VoIP provider Skype. And while hindsight shows that eBay certainly overpaid for that property, on an equity [...]
AT&T does Sprint a favor
Posted by Ben Kolada on March 23, 2011
Contact: Ben Kolada If the rumors that Sprint was eyeing T-Mobile USA were actually true, then AT&T did its competitor a big favor by taking in the divested business. From our view, T-Mobile would have been a bigger bite, both financially and operationally, than Sprint could have swallowed. The transaction would likely have introduced a [...]
Ma Bell’s mobile move
Posted by Brenon Daly on March 21, 2011
Contact: Brenon Daly In the largest US telco deal in a half-decade, AT&T will hand over $39bn in cash and stock for T-Mobile USA. Assuming it goes through, the combination would create the country’s largest wireless provider, with some 130 million subscribers. The consolidation move, which has been a hallmark of AT&T over the past [...]
Slimmed-down LSI catches eyes on Wall Street
Posted by Brenon Daly on March 10, 2011
Contact: Brenon Daly Wall Street’s vote on NetApp’s purchase of the Engenio division from LSI is pretty clear: the seller got the better end of the deal. On an otherwise tough day on the market Thursday, LSI shares were one of the rare spots of green on trading screens as investors backed the company’s move [...]
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