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 [...]
Citrix consolidates collaboration
Posted by Ben Kolada on April 11, 2012
Contact: Ben Kolada, Thejeswi Venkatesh In its third collaboration deal in the past 18 months, Citrix Systems said Wednesday that it will acquire small Copenhagen-based startup Podio. The target provides team collaboration SaaS for SMBs, apparently mostly through a ‘freemium’ model. Its product is used for project management, social information sharing, sales lead management and employee recruitment [...]
Dell picks up the pace
Posted by Brenon Daly on April 5, 2012
Contact: Brenon Daly As a relative latecomer to the M&A market, Dell is making up for lost time. The company on Thursday announced its third acquisition of the week, reaching for Vancouver-based Make Technologies. Both Make and Clerity Solutions, which Dell picked up on Tuesday, produce migration software and will be slotted into the services division. [...]
HomeAway finds its way back into the market
Posted by Brenon Daly on April 4, 2012
Contact: Brenon Daly As a private company, HomeAway was a steady buyer. Founded in 2005, the vacation rental website had notched 11 transactions through last year. When it went public last June, the company raised $216m. With the new cash – not to mention shares that, at least initially, were richly valued – HomeAway had plenty [...]
A popping tech IPO market
Posted by Brenon Daly on April 2, 2012
Contact: Brenon Daly If the overwhelmingly bullish equity market didn’t do much for M&A in the first months of 2012, it certainly gave a big boost to the companies looking to go public. Investors have handed out double-digit valuations to a number of IPO candidates so far this year, pushing several new offerings above the [...]
M&A spending slump to start 2012
Posted by Brenon Daly on March 30, 2012
Contact: Brenon Daly With Q1 set to wrap on Friday, M&A spending is on track for its lowest quarterly level in two years. The aggregate value of all tech transactions announced around the globe in the first three months of 2012 slipped to just $31bn, lower than both the previous quarter (Q4 2011) and the same [...]
Millennial Media doubles on debut
Posted by Ben Kolada on March 29, 2012
Contact: Ben Kolada Taking advantage of the emerging market for mobile advertising, platform vendor Millennial Media leapt onto the public stage Thursday, creating nearly $2bn in market value in its debut on the New York Stock Exchange. The company priced its 10.2 million shares at $13 each – the high end of its proposed range. [...]
Acquisitions drive EnerNOC
Posted by Tejas Venkatesh on March 28, 2012
Contact: Brenon Daly, Thejeswi Venkatesh EnerNOC and Comverge both went public in 2007, barely a month apart from each other. Since then, however, the paths of the two energy demand response vendors have diverged dramatically. EnerNOC’s revenue has more than quadrupled from $61m in 2007 to $287m in 2011. Meanwhile, Comverge has plodded along, growing [...]
Monitise pays out now for payoff later
Posted by Ben Kolada on March 27, 2012
Contact: Ben Kolada Mobile banking and payments vendor Monitise made a big bet on Monday when it moved to consolidate its industry with the acquisition of startup Clairmail. At first glance, the deal should have set off alarms among Monitise’s investors. The all-stock transaction will significantly dilute Monitise’s shareholders, leaving them owning three-quarters of the [...]
NEC converges on business support systems
Posted by Tejas Venkatesh on March 26, 2012
Contact: Thejeswi Venkatesh Close on the heels of its announced restructuring, NEC has inked the biggest acquisition in its history. Taking advantage of a strong yen, the Japanese tech giant said last week that it will acquire Convergys’ information management division for $449m. In some ways, the dramatic overhaul at NEC was overdue. But that [...]
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