Tech M&A slump continues in April
Posted by Brenon Daly on May 1, 2012
Contact: Brenon Daly The deal drought continued into April, with spending on tech transactions around the globe during the just-completed month coming in at only $12bn. That’s less than half the level of spending on tech M&A that we recorded in April during the same month last year. Spending on deals this year has now dropped [...]
Will patience pay off for RGB Networks?
Posted by Tejas Venkatesh on April 30, 2012
Contact: Thejeswi Venkatesh On its way to an IPO, Envivio tripled its top line in just two years, reflecting increased demand for high-quality video content on a range of platforms and devices. Yet with just $50m in sales in its last fiscal year, we’re not sure if the video-processing and distribution provider was quite big [...]
Intuit pays up for SMB-focused Demandforce
Posted by Ben Kolada on April 27, 2012
Contact: Ben Kolada, Thejeswi Venkatesh Intuit on Friday announced its largest M&A move in six years, acquiring SMB-focused marketing automation startup Demandforce for $423.5m. The deal, and Demandforce’s valuation, was primarily driven by the target’s market traction. The company, founded just in 2003, has amassed a customer roster of more than 35,000 SMBs. The transaction also [...]
Survey: lots of M&A talk, but few prints
Posted by Brenon Daly on April 26, 2012
Contact: Brenon Daly Although key members of the broad dealmaking community indicate they have stepped up their activity in the M&A market recently, actually closing deals has proven challenging so far this year because of pricing and renewed concerns about the stability and growth outlook across the globe. That’s one of the main findings from the [...]
Spirent secures its testing platform with Mu
Posted by Brenon Daly on April 24, 2012
Contact: Brenon Daly, Eric Hanselman A relatively infrequent shopper, Spirent Communications has picked up Mu Dynamics, adding security testing for applications to the company’s performance-testing portfolio. The deal, which is only the British company’s second acquisition in the past half-decade, was announced last week and closed Monday. Spirent paid $40m in cash for Mu, which is [...]
Persistence may not pay off for Vodafone
Posted by Ben Kolada on April 23, 2012
Contact: Ben Kolada, Thejeswi Venkatesh After three deadline extensions and interest from competitor Tata Communications, Vodafone Group announced on Monday its latest attempt to acquire Cable & Wireless Worldwide (CWW). Vodafone is offering £1bn, or approximately $1.7bn, to buy CWW. However, its offer has already hit a roadblock. CWW’s largest shareholder, Orbis, which owns 19% of [...]
Splunk soars in rip-roaring IPO
Posted by Brenon Daly on April 19, 2012
Contact: Brenon Daly In a rip-roaring debut, Splunk soared onto the public market Thursday in an IPO that created more than $3bn of market value for the data analytics vendor. That’s a heady, double-digit valuation for a company that’s likely to generate only about $200m in sales this year. (Just as we predicted in last week’s [...]
Columnar database provider SAND Technology puts itself up for sale
Posted by Tejas Venkatesh on April 16, 2012
Contact: Matt Aslett, Thejeswi Venkatesh, Ben Kolada Following years of flat revenue and attempts at realigning its business, Canadian columnar database dinosaur SAND Technology has announced that it is exploring strategic alternatives, including an outright sale. The announcement comes barely six months after SAND sold its SAP Information Lifecycle Management product line to Informatica for [...]
IBM reaches into the app layer for Varicent
Posted by Brenon Daly on April 13, 2012
Contact: Brenon Daly IBM has mostly stayed away from acquiring application vendors, reaching instead for companies that typically either bolster its sprawling Global Services division or infrastructure software business, particularly in the management layer. Big Blue stepped a bit out of its regular acquisition area on Friday with the purchase of sales performance management (SPM) vendor [...]
Tech IPO market looks to next week’s triple-header
Posted by Brenon Daly on April 12, 2012
Contact: Brenon Daly Although the US equity market has been a bit choppy over the past week or so, shares are still generally inching higher. Sure, it hasn’t necessarily been the uninterrupted ascent of the Nasdaq that we saw in the first quarter, which recorded the strongest start to a year in two decades. But the [...]
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