HP takes itself out of the market
Posted by Brenon Daly on November 22, 2011
Contact: Brenon Daly Over its two previous fiscal years, Hewlett-Packard has spent more than $20bn on a dozen acquisitions, with five of them costing the tech giant more than $1bn each. Those days are over, according to recently named CEO Meg Whitman. In her first conference call discussing quarterly financial results on Monday, Whitman told [...]
Terremark triples under Verizon
Posted by Brenon Daly on November 8, 2011
Just seven months after Terremark Worldwide was officially absorbed by Verizon Communications, the business has more than tripled its size as Terremark has become the telecom giant’s main services brand. At the time of the acquisition, which was announced in late January and closed in early April, Terremark was generating about $400m in sales. (Colocation [...]
Best Buy buys outside the box
Posted by Brenon Daly on November 7, 2011
Contact: Brenon Daly Best Buy continues to buy outside the box. The consumer electronics giant, which has more than 1,000 big-box stores, announced a pair of deals Monday that add to its emerging businesses that have been responsible for most of the company’s recent growth. In the larger of its purchases, Best Buy will pay [...]
Ness gets a scant sendoff
Posted by Brenon Daly on September 1, 2011
Contact: Brenon Daly Three-quarters of Ness Technologies shareholders have backed the planned $307m take-private of the IT services vendor, clearing the way for the sale to Citi Venture Capital International (CVCI) to close by the end of the month. CVCI acquired nearly 10% of Ness in early 2008 and first offered to pick up the [...]
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 [...]
Taking care of unfinished business, Oracle snares InQuira
Posted by Ben Kolada on July 29, 2011
Contact: Ben Kolada Oracle scratched a lingering itch recently, as it announced that it is acquiring knowledge management and customer service automation vendor InQuira for an undisclosed amount. The announcement comes nearly three years to the day after Oracle was stinted by salesforce.com in its attempt to scoop up InQuira rival InStranet. And although terms [...]
Unify buys a new identity
Posted by Brenon Daly on July 13, 2011
Contact: Brenon Daly It’s fairly rare for an acquiring company to take on the name of the target it has purchased, and it’s even more uncommon for the buyer to then dive headlong into the business it just picked up. And yet, that’s exactly what’s happening at Unify Corp, an old-line vendor now known as [...]
Apple drops interest in Dropbox for iCloud
Posted by Brenon Daly on June 7, 2011
by Brenon Daly Earlier this year, rumors were flying that Apple was putting together a bid – valued at more than $500m – for cloud storage startup Dropbox. That speculation obviously didn’t go anywhere, but it looked a whole lot more credible in light of Monday’s introduction of Apple’s online storage and synching offering, iCloud. [...]
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 [...]
A four-bagger for VMware
Posted by Brenon Daly on February 9, 2011
Contact: Brenon Daly If the virtualization thing doesn’t work out for VMware, the company could always spin off a hedge fund. At least that’s what we’ve been thinking as Verizon Communications’ purchase of Terremark Worldwide appears set to close very soon. When the deal does wrap, VMware will walk away with a tidy windfall from [...]
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