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 [...]
The IPO pipeline just got even drier
Posted by Brenon Daly on January 5, 2011
Contact: Brenon Daly Scratch another company off the list of potential IPO candidates for 2011. Managed security services provider (MSSP) SecureWorks got snapped up by Dell on Tuesday for what we understand was a table-clearing bid. (Subscribers can see our full report on the transaction, including our estimated price for SecureWorks.) The trade sale comes [...]
OpenTable booking seats at negotiating table in Europe
Posted by Brenon Daly on September 23, 2010
Contact: Brenon Daly Often when a company takes its business to a foreign country, something gets lost in translation. EBay found that as it looked to expand its online auctions internationally, and on a smaller scale, OpenTable ran into some of that as well. Roughly two years ago, the San Francisco-based online restaurant reservation service [...]
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 [...]
Vector ‘registers’ a solid exit
Posted by Brenon Daly on June 18, 2010
Contact: Brenon Daly A half-decade after taking Register.com private, Vector Capital announced the sale of the website registration and design provider to Web.com Group for $135m. That’s a fair bit lower than the $200m the buyout shop paid for the equity of Register.com in the LBO, but a fair bit above the company’s net cost [...]
Sources: a take-private for Double-Take
Posted by Brenon Daly on May 10, 2010
Contact: Brenon Daly The final bidders for Double-Take Software have narrowed to three buyout shops, and a purchase of the file-replication software vendor could be announced within the next two weeks, we have learned. The company said a month ago that an undisclosed bidder had approached it about a possible transaction. A number of sources [...]
Equinix: Datacenter dominance
Posted by Brenon Daly on May 4, 2010
Contact: Brenon Daly, Jeff Paschke, Aleetalynn Schenesky-Stronge Wrapping up one of the largest recent deals in the datacenter market, Equinix said Monday that it has closed its $683m purchase of rival Switch and Data. (No fewer than five banks claimed a print on the transaction.) Terms call for Equinix to hand over $134m in cash [...]
HP buys big
Posted by Brenon Daly on April 15, 2010
Contact: Brenon Daly Earlier this week, Hewlett-Packard closed its $3.1bn acquisition of 3Com. It was a significant shot at the company’s new rival Cisco Systems, adding additional networking and security products to HP’s ProCurve portfolio while also dramatically increasing its business in Asia (3Com generates roughly half its sales in China). The deal was announced [...]
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