This is a synopsis of my monthly industry news update that can be found here at the Eagle website in a day or so. The “Industry News” tries to cut out the marketing updates and focus on the real news.
Hope this is useful information!
April was another busy month for M&A activity, Google had a busy month, paying a whopping $3.1 Billion for Doubleclick, in addition to buying Marratech’s videoconferencing software. Another big payday came when CSC paid $1.3 Billion for Covansys. Mitel is paying $732 million for Inter-tel, Software AG shelled out $546 million for webMethods and Business objects keeps the BI space busy (following oracle’s purchase of hyperion last month) buying Cartesis for about $300 million. There was other activity involving Infor Global Solutions buying Workbrain ($227M); Red Hat buying MetaMatrix; and Motoroal buying Terayon Communications ($140M).
Aside from all the M&A stuff, Lenovo announced cutbacks of 1,400 staff and the big Barclays Bank ABN Amro merger looks like it is going to result in almost 11,000 jobs going “offshore” to India.
There was some news about spam … it apparently costs companies about $700 per employee per year, spam levels have increased more than 75% in the latest quarter and China’s contribution to the spam load declining. The AeA tell us that US high tech industry added jobs for the second straight year, although NACCB tell us that there was no growth last month in tech jobs.
A Statistics Canada report shows that Canadian e-commerce is booming and Lawyers.com suggest that 69% of US office workers access the internet for personal use while at work. (If we assume Canadian and US data would be similar the that could explain the growth in eCommerce!)
Hilary Clinton decided to go after outsourcing as a part of her election campaign. She wants to repatriate up to 500,000 contracting jobs … and presumably replace them with government employees. How many ways is that wrong? I’m pretty sure I could have a lengthy blog entry all about that political promise!