Technology news for Kiwi CFOs and financial decision-makers
Mergers and Acquisitions
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StorageCraft to merge with data and ransomware protection provider, Arcserve
StorageCraft will be branded 'StorageCraft, an Arcserve Company'.
Stone & Chalk and AustCyber confirm strategic merger
"The integration of Stone & Chalk and AustCyber will enable our joint organisation to pursue a resilient and prosperous future not just for founders, enterprise and governments, but for all of Australia.”
Merger and acquisition activity recovers from COVID-19 setback
“M&A activity is expected to continue at a high level throughout 2021 by the likes of Tencent and companies that focus on their key technologies and adjust to the realities of the COVID-19 pandemic.”
Ivanti achieves Leader status in IDC's UEM vendor assessment
It follows Ivanti’s recent acquisition of MobileIron, a provider of mobile-centric UEM solutions. Ivanti senior director of product management Alan Braithwaite says the acquisition may have played a central role in being recognised by IDC.
COVID-19 causes significant jump in enterprise software acquisitions
The total transaction value disclosed across all deals in the space was also significant, reaching $112 billion - the highest amount on record.
Continuing its buying blitz, Cognizant acquires Magenic Technologies
The move will bring Magenic’s software expertise into Cognizant’s global software development portfolio, and expand the latter’s software product engineering footprint.
Citrix to acquire Wrike for US$2.25 billion
With the addition of Wrike’s offerings, Citrix will expand its platform to include new, collaborative work management capabilities.
Google completes $2.1 billion acquisition of Fitbit
It comes after the European Commission announced its approval of the acquisition late last month, with the condition that the search engine giant would not use Fitbit health data to target ads to users in the European Union.
LogRhythm buys out MistNet to bolster analytics capabilities
LogRhythm says its aim is to bring stronger levels of machine learning-based detection and response.
Hornetsecurity acquires Altaro, the latest in acquisition spree
The move is a culmination of a medley of acquisitions made by Hornetsecurity recently, following the January 2019 acquisition of Spamina, a Spanish cloud email security company, as well as EveryCloud, its British market partner, in early 2020.
Red Hat to acquire Kubernetes-native security provider StackRox
Red Hat will further expand its security offering, adding StackRox's complementary capabilities to strengthen integrated security across its open hybrid cloud portfolio.
F5 to pay US$500m for edge app platform vendor
Aims to leverage the acquisition of Volterra to create an edge 2.0 platform for enterprises and service providers.
Tata Communications acquires majority stake in Oasis
With this investment, eSIM technology will be fully integrated into Tata Communications MOVETM, enabling an end-to-end embedded connectivity solution.
ECI Software Solutions acquired by Leonard Green & Partners
"We are excited to welcome LGP as our new partner, and I am confident that this is the right choice for our future – and the future of our 1,700 employees and more than 22,000 customers.”
IFS acquires utilities workforce management company Clevest
This acquisition extends IFS’s capabilities in service management solutions as it focuses on driving service experience.
Over the Wire brings Zintel back to A/NZ
The brand has returned due to the acquisition of J2 Global to provide customers with communications solutions that meet the needs of work-from-home.
SolarWinds to acquire SentryOne
The addition of the SentryOne products will amplify the support SolarWinds can offer for Microsoft and Microsoft Azure environments.
Fusion5 expands professional services portfolio with acquisition of Mindfull
The deal, the terms of which were not disclosed, extends Fusion5’s portfolio of corporate performance management (CPM) solutions, as well as associated customers and resources.
Veeam announces acquisition of Kasten for $150 million
Veeam will integrate Kasten into its Cloud Data Management platform for modern data protection and radically simplify data management for enterprises.
Rhipe acquires Kiwi services provider Parallo
The purchase includes Parallo’s products, solutions, assets and IP, such as the Parallo Automation Library. Parallo’s 25 employees will also join Rhipe.
Kaseya acquires phishing defense platform, Graphus
The Graphus solution uses AI technology to defend Microsoft Office 365 and G Suite inboxes from a variety of threats delivered via email.
Fortinet acquires OPAQ Networks to bolster SASE offering
Customers of the companies can now leverage firewall and SD-WAN capabilities, web security, browser isolation, multi-cloud workload protection, and more.
Datto acquires Aussie procurement platform, Gluh
Gluh’s SaaS platform automates the processes of product selection, quoting, and sales of IT products and services for MSPs.
Keysight buys AI testing specialist Eggplant for $300m
The move sees Keysight strengthen its presence in the automation space, with the aim to further establish itself in the automated software test market across both the physical and protocol layers and into the application layers.