Acquisition

Cisco strengthens its datacenter portfolio with $320 million acquisition of Springpath

Cisco Systems, the worldwide technology leader in networking hardware, telecommunications equipment and high-technology products, completely acquired Springpath, Inc., a hyperconvergence software specialist, based in Sunnyvale. With this acquisition, Cisco will be able to deliver advanced data center innovation to its customers, and provide more software-centric solutions. Springpath has been serving hyperconvergence since 2012, and it started working with Cisco from 2016 when the latter acquired it for $320 million to launch the HyperFlex platform, which is the industry’s foremost fully hyperconverged infrastructure system. Hyperconvergence is a type of infrastructure system that closely integrates networking, storage, virtualization, and other technologies in a commodity hardware box fro...

Juniper to acquire Cyphort for Machine Learning security features

Juniper Networks, a leading American multinational that develops and markets networking products, has announced plans to acquire security analytics software firm Cyphort. The acquisition will enable Juniper to strengthen its Sky ATP solution that will help companies in detecting threats that have been missed by their first-line of security. The cloud-based Advanced Threat Prevention (ATP) is a significant feature of next generation firewalls, and this move will help Juniper take a step ahead to be the leader in the Next Generation Firewall space and to provide customers with a better solution for both – on premises and cloud. Cyphort is a security software company providing enterprise customers with security analytics for advanced threat defense. Its Advanced Security Analytics Platform is...

LinkedIn acquires Heighten – the Sales Productivity App

Microsoft LinkedIn through an official statement, announced its decision to acquire sales software startup – Heighten. The financial details of the deal have not been disclosed yet. The acquisition will add more features in LinkedIn’s Sales Navigator tool, enhancing its capacity to increase sales productivity. Heighten technology provides an integrated workspace that helps sales professionals manage their sales effectively through intelligent tracking and reporting features. LinkedIn, ever since its acquisition by Microsoft, has tried to include new features and updates to its sales navigator platform, amongst which the last update was released in March 2017. This move is again targeted towards adding more capabilities to it. The Heighten software will help in improving sales and productiv...

Plesk Acquired by Oakley Capital Private Equity for $105 Million

Plesk announced today that it has completed its separation from Parallels Holdings Limited having been acquired by mid—market private equity investor, Oakley Capital Private Equity (Oakley Capital), in a transaction valued at $105 million (€95.9 million). As an independent company and with Oakley Capital’s investment, Plesk will move beyond traditional web hosting into the hyperscale cloud. By forging a strong partnership with Automattic — who operate WordPress.com, Plesk anticipates becoming the market leader in WordPress management. Plesk will offer web professionals push-of-a-button access to advanced tools like Docker, support for microservices, and simplified cloud management. Jan Löffler, Chief Technology Officer, Plesk said in his statement, “The growing dominance of hyperscale clou...

IBM acquires Private cloud and hosting business of Verizon

Verizon, through an official statement, announced the decision to sell its private cloud services and hosting business to IBM. With the new development, it seems like Verizon’s cloud services and hosting businesses have come to an end. Verizon entered the cloud market back in 2011 when it acquired Terremark, preparing a strong foundation for its private cloud business. Cloud market is witnessing a fierce competition between major players like Amazon, Google and Microsoft who have already reserved a place for themselves. Verizon also sold its public cloud services last year and with this recent move it appears like it was not able to set a higher scale for its cloud service and now might come up with new business strategies all-together. George Fischer, SVP and Group President at VES (Veriz...

Oracle acquires Wercker with an objective to target developers

Oracle corporation, leading cloud and application service provider through an official statement on Monday announced that it has signed a definitive agreement to acquire Wercker, a Dutch startup which empowers developers to test and deploy code at a rapid pace. The terms of deals have not been disclosed as it is subject to some customary closing conditions. Per records both the companies will be operating independently till the final transaction closes. Oracle said that, “Wercker empowers organizations and their development teams to achieve continuous integration and continuous delivery (CI/CD) goals with micro-services and Docker.” Both Oracle and Wrecker believe that developers can greatly benefit by focusing on building innovative products and applications. “Oracle is building a leading...

Deloitte strengthens cloud portfolio with new acquisition

Deloitte, the leading provider of audit, tax, consulting, financial advisory, risk advisory, and related services announced the acquisition of – Day1 Solutions Inc. a cloud consulting business. The acquisition is one of its moves towards delivering advanced analytic and cognitive capabilities set to its clients, to enable digital transformation. The consulting giant also plans to add 3,000 new, U.S based high-tech engineering jobs, as well as open a series of new cloud studios in New York, Orlando and Washington D.C, expanding its existing network of 44 Deloitte Digital studios worldwide. The team of new engineers will help organizations integrate, streamline and manage business operations in the cloud and work towards building innovative cloud technologies for fast-tracking the level of a...

GoDaddy Purchases Sucuri to Provide Advanced Digital Security

GoDaddy Inc, the leading provider of cloud to small and independent businesses, made an announcement to acquire security firm Sucuri, a leading name in the website security services. The move is aimed at providing advanced digital security solutions to the customers. While Sucuri will carry-on its regular business operations, GoDaddy plans to extend its security products to its customers. The financial terms of the deal were not disclosed. Sucuri is well known for its various disclosures about previously unknown WordPress threats and vulnerabilities including a WordPress REST API Endpoint bug exposed in January by one its researchers. Its research analysis also revealed malicious credit-card scraping code which were injected into many e-commerce modules. Its robust threat response capabili...

Cisco Announces a Definitive Agreement to Acquire Sourcefire For $2.7 billion

Cisco today announced  a definitive agreement to acquire Sourcefire, a intelligent cybersecurity solutions provider. The acquisition has been approved by the board of directors of each company. Under the terms of the agreement, Cisco will pay $76 per share in cash in exchange for each share of Sourcefire and assume outstanding equity awards for an aggregate purchase price of approximately $2.7 billion, including retention-based incentives. Cisco revealed via an official press release that it expects the acquisition to be slightly dilutive to non-GAAP earnings in fiscal year 2014 due to normal purchase accounting adjustments and integration costs. Once the transaction closes, Cisco will include Sourcefire into its guidance going forward and Sourcefire employees will join the Cisco Security ...

Host Europe Group Acquired by European Private Equity Firm Cinven for £438m

Host Europe Group has announced on Friday its acquisition by European private equity firm, Cinven, from Montagu Private Equity for a total consideration of £438m. We look forward to our new partnership with Cinven which will enable us to further dominate the European market and consolidate our Group strength. – Thomas Vollrath, CEO, Host Europe Group. Oakley Capital Corporate Finance and Morgan Stanley & Co. International plc were financial advisors to Cinven on this transaction. A European private equity firm  founded in 1977, Cinven has offices in Guernsey, London, Frankfurt, Paris, Milan, Luxembourg and Hong Kong. “Host Europe operates an attractive business model enjoying double digit growth rates and very high levels of earnings visibility. Its market position has been secur...

IBM Announces Definitive Agreement to Acquire CSL International For Strengthening its ‘System z’ Portfolio

Four days after closing the Softlayer acquisition, IBM today announced   definitive agreement to acquire CSL International, a privately held company headquartered in Herzliya Pituach, Israel. With the acquisition of CSL International, IBM expands its cloud virtualization capabilities, making it even easier for clients to take advantage of Linux on System z. – Greg Lotko, IBM business line executive, System z. Financial terms of the acquisition were not disclosed. CSL Internationl  provides a virtualization management technology for IBM’s zEnterprise system. The move, which IBM terms as a  strategic investment in the ‘System z’ portfolio,  deepens company’s  consolidation and cloud capabilities by offering simplified management of the virtualization environment. The zEnter...

365 Main Opens its 17th Data Center in Emeryville, California

U.S. data center developer and operator 365 Main Inc. today announced opening of its  17th data center, located in Emeryville, California. Operational excellence and personalized service have been hallmarks of Evocative’s business, making us a perfect fit to join 365 Main’s portfolio, and our customers will continue to benefit from their like-minded approach. – Patrick Rigney,  Founder, Evocative. 365 Main acquired the new data center from Evocative, Inc. The Emeryville data center is located  near 365 Main’s San Francisco headquarters and its San Jose data center and hence adds an important component to the company’s Bay Area presence. Offering a secured site with complete redundancy in its power and cooling infrastructure, the new facility  is well connected with several carr...

Skip to toolbar