The Eagle Blog

June Tech News

Tech News HeaderThis is my 30,000-foot look at events in the ICT industry for June 2019. 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 

Five years ago, in June 2014, Oracle paid $5 billion for Micros Systems; Sandisk paid $1.1 Oracle logo a large software company originally noted for its databasebillion for solid state storage company Fusion-io. Google continued its push into home automation, witnessed by its subsidiary Nest paying $550 million for cloud-based home monitoring service Dropcam. Google itself paid $500 million for Skybox Imaging, a satellite maker to enhance the Google Maps capability. Twitter paid $100 million for mobile marketing platform Tap Commerce and Red Hat paid $95 million for eNovance.

In June 2015, Intel paid $16.7 billion for semiconductor company Altera Corp. Cisco paid Intel logo$635 million for security firm OpenDNS in addition to picking up OpenStack company, PistonCloud Computing. Microsoft bought 6Wunderkinder, maker of task management app Wunderlist; Ricoh Canada bought Graycon Group, a professional services firm headquartered in Calgary; and finally, IBM bought OpenStack company Blue Box Group.

Three years ago, June 2016 saw Microsoft buy LinkedIn for a whopping $2.6 billion. There were other billion dollar deals that month too: Salesforce paid $2.8 billion for e-commerce Microsoft logoplatform maker Demandware and Amazon announced an extra $3 billion investment in its India operations. Other significant deals included Daetwyler Holdings AG paying more than $877 million for Raspberry Pi maker Premier Farnell Plc; Red Hat paid $568 million for API management software company 3Scale; and OpenText paid $315 million for HP’s Customer Communication Management products. Other noteworthy deals included an investment group’s purchase of Dell’s software arm; Microsoft bought natural language start up Wand Labs; and Samsung bought cloud computing company Joyent. Also, Google Capital announced its first investment in a public company, investing $46 million in Care.com, an online personal services marketplace platform.

June 2017 saw Amazon’s purchase of Whole Foods for $13.7 billion. Westcon-Comstar’s Amazon logoAmerican business bought by Synnex for approximately $800 million. US fintech provider, Fiserv purchased British financial services technology firm, Monitise for $88.7 million. Microsoft purchased Israeli cloud startup, Cloudyn, for a price between $50 million and $70 million. Rackspace bought TriCore in an effort to increase Rackspace’s business from customers who want help running their critical applications.

Last year, June 2018 saw a fair bit of M&A activity, the biggest deal seeing Synnex pay $2.43 billion for call centre company Convergys and AT&T pay $1.6 billion for advertising tech IBM logocompany AppNexus. Palo Alto Networks paid $300 million for security company Evident.io; PayPal shelled out $120 million for fraud detection startup Simility; Splunk paid $120 million for incident management platform company VictorOps; Ribbon Communication paid $120 million for Edgewater Networks; and Sharp shelled out $36 million for Toshiba’s PC business. Other companies out shopping included Cisco, who bought WiFi analytics company July Systems; IBM bought maintenance and repair company Oniqua and Shopify bought app company Return Magic.

Which brings us back to the present

June 2019 saw some significant M&A deals with the Salesforce acquisition of Tableau for Salesforce logo$15.7 billion, the largest deal of the month. Infinion Technologies paid $10 billion for Cypress Semiconductor; Google paid $2.6 billion for data analytics company Looker; Capgemini shelled out $3.6 billion for engineering company Altran and in the robotics world, Blue Prism paid $100 million for Thoughtonomy. Other companies with smaller buys included Apple picking up the assets of Drive.ai and Twitter buying machine learning startup Fabula AI.

The Canadian Federal Government invested $5 million into an innovation centre in Markham, which is a trend we are seeing more often. There was also more news about CyberSecurity breaches, with suggestions of state sponsored hackers focusing on telecommunication companies.

canadian flagIn Canada, the job numbers are interesting, with Statistics Canada suggesting May was a bumper month, and ADP suggesting we actually lost jobs. The methods of data gathering differ so it will be interesting see how it works out over time.

The US had some mixed reports regarding the economy but overall the story is still positive, with some reports focusing on the growth being not as great as it was… still growth! Generally, indicators in the US economy are positive. Likewise, indicators on jobs and employment around the world are also positive.

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 2019 industry news in just about a month’s time.

Walk Fast and Smile

——————————————————————————————————————————
Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service ——————————————————————————————————————————

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.