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. [...]
Looking past the losses at Carbonite
Posted by Brenon Daly on May 19, 2011
Contact: Brenon Daly Is Wall Street ready to buy into a company that spends $1 on advertising to bring in just $2 in bookings? That’s one of the key questions around Carbonite, a fast-growing online backup vendor that just filed for its IPO. (We looked at Carbonite’s planned offering in an in-depth report, including projecting [...]
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 [...]
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 [...]
Western Digital goes big in storage
Posted by admin on March 7, 2011
Contact: Henry Baltazar, Brenon Daly After flirting with a potential IPO, Hitachi Global Storage Technologies (GST) is set to be snapped up by its hard drive manufacturing rival Western Digital (WD) for $4.25bn in cash and stock. The deal would be the largest transaction in the storage industry in more than seven years, and would [...]
The 451 Group picks up ‘voice of the consumer’
Posted by Brenon Daly on March 3, 2011
Contact: Brenon Daly For today’s deal, we move a little bit closer to home: The 451 Group announced today that it has acquired the assets of TheInfoPro, a New York-based advisory and research firm. Founded in 2002, TheInfoPro counts more than 100 organizations as clients and draws on extensive surveys of those IT buyers to [...]
The year of the privately held storage supplier?
Posted by admin on February 24, 2011
Contact: Simon Robinson The storage M&A market is expected to favor smaller private providers this year, as recent activity has reduced the number of available midsize public targets. Indeed, in the past 24 months, Data Domain, 3PAR, Isilon Systems and Compellent have all been taken off the market. And buyout speculation caused by this recent [...]
Qatalyst strikes again, but bigger
Posted by Brenon Daly on January 6, 2011
Contact: Brenon Daly When Jason DiLullo joined Qatalyst Partners last April, the boutique firm announced that he would play a major role in expanding the firm into semiconductor deals. Indeed he did. Qatalyst is getting sole credit for advising Atheros Communications on its sale to Qualcomm, the largest chip acquisition in four years. (On the [...]
Dell’s less than ‘compellent’ bid
Posted by Brenon Daly on December 10, 2010
Contact: Brenon Daly In what would be the third significant acquisition of a publicly traded storage vendor in the past four months, Dell said Thursday that it would offer $27.50 in cash for each share of Compellent (see our full report). The storage company reported 32.8 million shares (on a diluted basis) in its latest [...]
Blue-sky thinking on a bidding war for Isilon
Posted by Brenon Daly on November 16, 2010
Contact: Brenon Daly Based on the two previous multibillion-dollar deals in the storage industry, we should be bracing for a bidding war around Isilon Systems. Recall that Data Domain last year and 3PAR this summer each attracted after-the-fact suitors that drove up the price on both by more than a few dollars. But in the [...]
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