Tag: Mergers and acquisitions
‘The acquisition of CX Effect significantly expands our portfolio by incorporating over 40 new suppliers,’ says Drew Lydecker, co-founder and president of Avant. ‘This accelerates Avant’s success as we continue to address the rapidly growing cybersecurity, cloud infrastructure and AI markets.’ Avant has acquired technology distributor CX Effect in a move to grow its business,…
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HPE’s blockbuster acquisition of Juniper Networks has cleared two major hurdles in Europe that paves the way for the merger to be finalized. Hewlett Packard Enterprises’s blockbuster $14 billion acquisition of Juniper Networks is nearing the finish line after passing key approvals in Europe. In June, the U.K. antitrust watchdog Competition and Markets Authority (CMA)…
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‘This is good for us all the way around,’ says Dale Foster, CEO Climb. ‘We have the field teams that will walk into accounts and go deeper, and our goal is to expand the Adobe relationship as we grow.’ Climb Channel Solutions has acquired Douglas Stewart Software, a software distributor to the education market in…
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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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