Tag: Mergers and acquisitions
The cybersecurity vendor says the move will bolster its Unified SASE platform. Fortinet on Tuesday announced it’s looking to bolster its SASE platform with the acquisition of data security startup Next DLP. Terms of the acquisition, which was completed as of Monday, were not disclosed. [Related: Fortinet Completes Acquisition Of Former Cloud Security Unicorn Lacework]…
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Here are the top 25 companies on this year’s CRN Fast Growth 150 list, which ranks solution providers with gross annual sales of at least $1 million by their two-year growth rate. Overachievers These are challenging times for solution providers as they navigate both ongoing economic uncertainty and a rapidly changing technology landscape as artificial…
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Overall, this year’s Fast Growth 150 recorded an average two-year growth rate of 135 percent. That’s down a bit from the 145 percent average for the 2023 Fast Growth 150 class, but up from the 93 percent growth recorded by the 2022 Fast Growth 150. These are challenging times for solution providers as they navigate…
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‘Based on its market investigation, the Commission found that the transaction, as notified, would not significantly reduce competition on such markets,’ the European Commission said. Citing “no competition concerns” in the European Economic Area, the European Commission Thursday unconditionally approved Hewlett Packard Enterprise’s $14 billion blockbuster acquisition of Juniper Networks “Based on its market investigation,…
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‘What’s really special about this is the opportunity to work with some really great people,’ says Tim Conkle, CEO of The 20 MSP. ‘If I’ve learned anything in my career, it’s that getting smart and [having] driven people together in the same room is a recipe for magic.’ The 20 MSP has made its ninth…
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‘We celebrated our 20th anniversary back in April and we’ve grown up to $5 million in revenue. Going through organic growth I thought, ‘We can steadily keep growing this way slowly or I could look at companies that would be a culture fit for us,’ says Wayne Hunter, CEO of AvTek Solutions. After hitting $5…
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The cybersecurity vendor is reportedly mulling a potential deal that would take the company private. Publicly traded Tenable is reportedly mulling a potential deal that would take the cybersecurity vendor private. According to a Bloomberg report Tuesday, Tenable is considering a sale either to a private equity firm or to a “strategic” buyer. [Related: Tenable…
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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…
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‘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…
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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…
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