Monday November 29, 2021

India’s Wipro buys cloud consultancy and work marketplace Appirio for $500M

 Some more consolidation afoot in the cloud services industry, specifically around integration services. Wipro, a IT services company originally founded in India, announced that it has acquired Appirio — a consultancy focused on cloud services and cloud integration — for $500 million. The deal confirms earlier reports of the acquisition, where the rumored price was $400… Read More Tweet This […]

Akamai buys Soha Systems to add more security to its cloud networking business

 Consolidation continues to work its way through the world of enterprise startups. Today Akamai announced that it has acquired Soha Systems in an all-cash deal. Soha provides enterprise secure access as a service. Akamai is not disclosing the value of the deal, saying it was immaterial for the company. The news comes less than a week after Akamai announced that it […]

Microsoft buys AI scheduling tool Genee to make Office 365 smarter

 Microsoft has picked up another productivity app — announcing the acquisition of AI-powered scheduling tool Genee. In a blog post today the software giant said it will be plugging Genee into its cloud productivity suite, Office 365. Read More Tweet This Post

Randstad buys Monster for $429M as recruitment consolidation continues

 Yet one more significant piece of M&A in the online recruitment industry. Today Randstad Holdings, an Amsterdam-based human resources and recruitment specialist, announced that it would acquire job hunting portal Monster Worldwide, for $429 million in cash. The deal works out to $3.40 per share in cash and is a premium on Monster’s share price at closing […]

Salesforce buys word processing app Quip for $750M

 Salesforce is continuing its buying spree to expand the kinds of cloud-based apps and services that it offers to its customers beyond basic CRM. The company has just announced that it is acquiring Quip, the cloud-based word processing app that was co-founded by Bret Taylor, formerly CTO of Facebook. We understand from two sources very […]

Verizon buys Fleetmatics for $2.4B in cash to step up in telematics

 Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it’s buying Fleetmatics, a telematics company based out of Dublin, Ireland, for $2.4 billion in cash, to build out the products that it offers to enterprises in the areas of logistics and workforces that are on […]

Oracle buys enterprise cloud services company NetSuite for $9.3B

 Oracle will acquire NetSuite for about $9.3 billion, or $109 per share in an all-cash deal, the companies announced Thursday. Both Oracle and NetSuite’s cloud service offerings aimed at enterprise customers will continue to operate and “coexist in the marketplace forever,” according to a statement by Oracle CEO Mark Hurd. Hurd called NetSuite and Oracle’s offerings… […]

Oracle buys Textura for $663M to build up its construction IT business

 Oracle today announced that it is making an acquisition to (literally and figuratively) build out its Primavera project management and billing business: it is buying Textura, a provider of cloud-based contract and payment management solutions specifically for the construction industry. The all-cash deal, Oracle said, is worth $663 million, net of Textura’s existing cash. Oracle said… […]

Mitel buys Polycom for $1.96B in enterprise communications consolidation play

 As more enterprises move their communications services over to IP networks and cloud-based services, we’re seeing an increasing amount of consolidation as the businesses that serve them continue to grow to provide end-to-end services — and to shore up against smaller, newer and less expensive offerings from the likes of Slack, Skype, Google Hangouts and more. Today […]

IBM buys UK’s Optevia to ramp up in public-sector, cloud-based CRM services

 IBM has made an acquisition to help grow its business in cloud services for government and other public sector organizations — cloud services being of the areas that IBM hopes will offset declines in its legacy business. The company has acquired Optevia, a UK-based consultancy that specialises in customer relationship management solutions, specifically cloud-based CRM delivered by… Read More Tweet […]