acquisition

Despite revenue decline, Cisco fights back with new acquisition and plans for product extensions

Cisco Systems Inc. recently announced its intent to buy Springpath Inc, leading hyperconvergence software provider for $320 Million in cash. The decision came few days after the computer networking giant announced its fourth quarter earnings report of a declining revenue base. Total revenue was down 4% recorded at $12.41 billion. The revenue from many of its products was considerably low (5% down). The primary products revenue was down in the fourth quarter, while services saw an increase by 1%. Security and wireless offerings recorded 3% and 5% upsurge. While other revenue sources were all in the decline, including switching and routing (9% down year-over-year). Reportedly, analysts said that they don’t expect much improvement to the business in coming quarters, but the company can perfor...

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...

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...

Telligent Acquires Zimbra from VMware to Offer a Unified Social Collaboration Suite

Enterprise social software provider Telligent  today announced that it has acquired  Zimbra, a  messaging and collaboration solution. Telligent acquired Zimbra’s assets from VMware, who bought Zimbra from Yahoo in January 2010. Financial terms of the acquisition were not disclosed. Zimbra enables traditional collaboration through features such as email, calendar sharing and address books, while Telligent supports real-time collaboration via chat, social networking, online communities and more. The combination of the two will enable companies to easily share documents and ideas instantly, providing true unified collaboration. – Patrick Brandt, CEO, Telligent. Telligent is acquiring the assets of Zimbra, including product IP, existing customer and partner relationships and the core tea...

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...

Enterprise-class Redis Cloud Service Provider Garantia Data Acquires MyRedis

Enterprise-class Redis Cloud service provider Garantia Data  has entered into an agreement to acquire MyRedis in a bid to  strengthen it’s foothold in the in-memory NoSQL database market. MyRedis will stop functioning as a service on July 30th, 2013. We are excited that users of MyRedis will now be able to take advantage of the high-availability and auto-failover capabilities of Redis Cloud, as well as its infinite seamless scalability and stable top performance. – Miles Smith, CEO and owner, MyRedis. This deal fuels the growing trend of market consolidation within the NoSQL database industry, which includes the recent Rackspace acquisitions of Exceptional Cloud Services and ObjectRocket. “We are excited that users of MyRedis will now be able to take advantage of the high-availability and ...

ServiceNow Acquires Mirror42; Announces New ServiceNow Performance Analytics Product

IT cloud company ServiceNow today announced that it has acquired Mirror42 and will now offer its  cloud-based IT and business intelligence solution to ServiceNow customers. The financial terms of the acquisition were not disclosed. This acquisition will help our customers draw even greater value from their ServiceNow implementations and accelerates adoption of the ServiceNow platform. – Fred Luddy, Chief Product Officer, ServiceNow. The new ServiceNow Performance Analytics product will provide users with Key Performance Indicator (KPI)-driven dashboards and scorecards that work transparently with all ServiceNow applications. ServiceNow customers will be able to use the new product to  optimize service processes in IT and across the enterprise. ServiceNow Performance Analytics  accesses a c...

German Host intergenia Acquires Managed Hosting Services Provider internet24

German web hosting and server solutions provider Intergenia today announced that  it has acquired the German managed hosting services provider internet24 GmbH. The combination of intergenia’s managed hosting brand PlusServer with internet24 will help our managed hosting business unit to become one of the leading providers in German-speaking countries. – Jan-Jaap Jager, CEO,  intergenia. “We have known the internet24 team for a long time and are glad to have them on board as part of the intergenia group,” said Jan-Jaap Jager, CEO,  intergenia. “The combination of intergenia’s managed hosting brand PlusServer with internet24 will help our managed hosting business unit to become one of the leading providers in German-speaking countries,” he added. “Fo...

IBM Closes SoftLayer Acquisition; Partners With Flow to Provide Real Time Integrated Data Solutions

IBM has completed the acquisition of SoftLayer Technologies for an undisclosed amount. IBM entered into a definitive agreement to acquire SoftLayer a month back in a bid to  strengthen its  position in cloud computing. IBM has also announced that Flow, Inc will now stream its real-time data analytics based on IBM SmartCloud and the SoftLayer technology platform. IBM plans to provide clients with real-time integrated solutions based on Flow, the  SoftLayer technology and IBM SmartCloud, which will enable them to  send and receive data from any mobile device that is integrated with enterprise data, thereby enabling the collaboration essential to a Social Business. We were delighted to learn that IBM’s acquisition of SoftLayer has been finalized. Real-time performance is at the heart of our v...

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