Tag: Mergers and acquisitions
Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks is “expected to secure unconditional EU antitrust approval” from the European Commission, according to a report from Reuters. Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks is “expected to secure unconditional EU antitrust approval” from the European Commission, according to a report from Reuters citing…
Read More
‘A deal logjam has developed as fear of lower exit valuations has forced some private equity firms to postpone selling portfolio companies,’ says John Holland, managing director of Corporate Finance Associates. ‘Despite the challenges facing the private equity industry, there have been many acquisitions of large IT services businesses by private equity firms so far…
Read More
For the week ending July 26, CRN takes a look at the companies that brought their ‘A’ game to the channel including ServiceNow, Mimecast, Google Cloud, Liongard and Accenture. The Week Ending July 26 Topping this week’s Came to Win list is ServiceNow for a strategic acquisition focused on GenAI-based search technology. Also making this…
Read More
The email security vendor will add 175 employees with the acquisition of 23-year-old Code42, the company says. Email security vendor Mimecast will add 175 employees with the acquisition of longtime cybersecurity vendor Code42, the company announced Wednesday. Mimecast did not disclose the terms of the acquisition. Joe Payne (pictured), Code42’s president and CEO since 2015,…
Read More
The HashiCorp acquisition, GenAI and Red Hat taking on VMware are likely to come up. Updates on the HashiCorp acquisition. Details on IBM’s approach to the artificial intelligence gold rush. And IBM subsidiary Red Hat taking on VMware and legacy virtualization vendors. These are just some of the topics analysts will likely bring up Wednesday…
Read More
The company has a rare opportunity ahead: To become the next cybersecurity giant. Yes, $23 billion is a lot of money to turn down. But in spurning Google’s acquisition offer, I believe Wiz is positioning itself for something even bigger—and even rarer to achieve—in the cybersecurity industry. Given the stunning growth of the cloud security…
Read More
Accenture’s acquisition spree in 2024 continued Tuesday as the solution provider giant buys SAP consulting specialist Camelot Management Consultants, marking its 30th purchase this year. The acquisition engine at Accenture is on full throttle in 2024 as the solution provider powerhouse unveiled the purchase of SAP consulting specialist Camelot Management Consultants. The purchase of Germany-based…
Read More
The discussions have fallen apart as Wiz seeks to remain independent, Wiz’s CEO reportedly told employees Monday. Google’s bid to acquire Wiz has disintegrated as the cloud security vendor seeks to remain independent, Wiz’s CEO reportedly told employees Monday. Last week, multiple media reports pointed to advanced talks around Google parent Alphabet acquiring Wiz for…
Read More
The reported effort by Google to beef up its cloud and AI security offerings by potentially acquiring Wiz shows how central cybersecurity has become in the tech industry, solution provider executives tell CRN. Whether or not the Google’s reported efforts to acquire cloud security unicorn Wiz pan out, the apparent willingness by the tech giant…
Read More
‘The more willingness to have conversations and to do research, [that will] help sellers down the line as they think about the right fit for them,’ says Sydney Hockett, vice president of Evergreen Services Group. When it comes to selling an MSP business, owners have a lot of options. Merging or selling to a holding…
Read More