The Eagle Blog


This is my 30,000 foot look at events in the ICT industry for June 2012. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues. 

A Little History of June in previous years … 

In June 2007 Avaya was bought for $8.2 billion, Ceridian for $5.3 billion and Solectron was bought by Flextronics for $3.6 billion.  In June 2008 the economy was rocked by high oil prices, the fallout from the sub debt crisis and signs of inflation.  The big deal saw the Carlyle Group buy the US Government business of Booz Allen Hamilton for $2.54 billion.  Nokia paid $410 million to complete its ownership of Symbian; NEC bought Nutcracker for $300 million; Cogeco bought Toronto Hydro Telecom for $200 million; Progress paid $162 million for Iona; Barracuda Networks offered $186 million for Sourcefire and Belden paid $133 million for Trapeze Networks.  Three years ago in June 2009 Intel paid $884 million for Wind River Systems and Nokia Siemens took advantage of the fire-sale at Nortel, picking up their CDMA and LTE assets for $650 million.  June 2010 was a slow month in M&A but Canadian data centre company Fusepoint was snapped up by Savvis for $135 million; Twitter bought SmallThought Systems; and IBM bought Coremetrics.  Last year in June 2011 the big deal of the month was Ericsson’s $1.5 Billion purchase of Tecordia; Oracle made a couple of acquisitions (storage vendor Pillar Data and Fatwire Software); Google also made a couple of acquisitions, (analytics company PostRank and advertising management company Admeld).

Which brings us back to the present …

June 2012 and Microsoft’s $1.2 billion purchase of Yammer is the big deal of the month.  There were other big names out shopping too, with Salesforce paying $689 million for Buddy Media; Google reputedly paying $100 million for Meebo; Facebook buying facial recognition company; and Oracle buying “social intelligence” company Collective Intellect.  Another “buy” of interest to us at Eagle was the reputedly 7 figure purchase of Bullhorn by Vista Equity Partners (Bullhorn is Eagle’s front office software).

On other fronts there were some big name companies in the headlines for the wrong reasons.  LinkedIn was hacked (compromising 6.5 million passwords) and then sued as a result of that hack.  The other company that lost 1.5 million passwords to the wrong people was eHarmony!  Big companies with plans to seriously cut their workforce this month include RIM, Dell and HP.  The other company with bad news was Apple who was assessed a $2.25 million fine in Australia for misrepresenting the 4G nature of its iPads.

The employment situation in both Canada and the US was reasonable this month with Canad adding 7,700 jobs and remaining at a 7.3% unemployment number and the US improved its unemployment rate from 7.9%.

That’s what caught my eye over the last month, the full edition will be available soon on the Eagle website.  Hope this was useful and I’ll be back with the July 2012 industry news in just about a month’s time. 

Walk Fast and Smile

Kevin Dee is CEO of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Centre!

Leave a Reply

Your email address will not be published.