The Eagle Blog

June Tech News

This is my 30,000-foot look at events in the Tech space for June 2020. 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 … 

Intel logoFive years ago, in June 2015, Intel paid $16.7 billion for semiconductor company Altera Corp. Cisco paid $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.

June 2016 saw Microsoft buy LinkedIn for a whopping $2.6 billion. There were other billion Microsoft logodollar deals this month too, Salesforce paid $2.8 billion for e-commerce platform 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.

Three years ago, in June 2017 Amazon bought Whole Foods for $13.7 billion. Westcon-Amazon logoComstar’s American business was 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 to increase Rackspace’s business from customers who want help running their critical applications.

June 2018 saw a fair bit of M&A activity, the biggest deal seeing Synnex pay $2.43 billion IBM logofor call centre company Convergys and AT&T pay $1.6 billion for advertising tech company 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 Toshibas PC business. Other companies out shopping include Cisco who bought WiFi analytics company July Systems; IBM bought maintenance and repair company Oniqua and Shopify bought app company Return Magic.

Last year, June 2019 saw some significant M&A deals with the Salesforce acquisition of Salesforce logoTableau for $1.7 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.

Which brings us back to the present …

June 2020 was the fourth month into the pandemic and the fallout continues, the Canadian Federal government announced increased spending in the last 4 months that is higher than their usual annual budget, and Canadian debt passed $1 trillion … hence a recent downgrade in credit rating.  A quick look at reports around the world show unemployment levels and GDP impact that according to the OECD makes this recession the worst in nearly a century.

Companies are still making acquisitions and in June we saw IBM pick up cybersecurity The apple logo and apple with a bite out of itvendor Spanugo; Apple bought device management company Fleetsmith: and here in Canada, Bell sold off 25 of its data centres to Equinox, to build its war chest for the upcoming Spectrum auction; VMware bought anti-malware company Lastline; and there were a couple of smaller deals that caught my eye in the full report.

dell logoOther companies in the news, include Deloitte, Accenture, DXC and AT&T who are all announcing layoffs.  Dell seems to be strengthening its position as the #1 in the server business and Microsoft has decided to get out of the physical retail space, and sell its gear online only.

Eagle logoThat’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 2020 industry news in just about a month’s time.

Walk Fast and Smile … wear a mask and wash your hands often!

——————————————————————————————————————————
Kevin Dee is the founder 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.