IT Industry News

IT Industry News – August 2020

August 2020 was a quiet month on the M&A front with no blockbuster deals, but still a few worthy of mention. Accenture made their 20th acquisition this year, content production company CreativeDrive. Apple made an interesting small acquisition, Spaces; Equinix increased its footprint, paying $161 million for the Indian operations of GPX Global Systems; Kaseya bought Graphus and NTT Data Services added ServiceNow consultancy Acorio to its offerings. A number of companies announced layoffs this month including Dell, VMware, Oracle, Accenture, NetApp and Salesforce. In contrast, there are some winners in and amongst our new reality and one of them, Amazon, announced that it was adding 3,500 new tech and corporate jobs! Economies around the world continue to suffer and accumulate debt to help their populations cope. Canada’s GDP decline was 12% which puts it middle of the pack.

IT Industry News – July 2020

July 2020 saw HPE paying $925 million for SD WAN technology company Silver Peak. DXC sold its healthcare business for $525 million; Google bought Canadian smart glasses company North; Cisco bought video analytics company Modcam; VMware bought cloud disaster recovery company Datrium; Fortinet bought cloud security startup Opaq Networks; and Mimecast bought email security startup MessageControl. Uber, Acronis, and Advent International were also out buying. Huawei continues to be in the news and Twitter had an embarrassing leak. Finally, LinkedIn has announced layoffs associated with the pandemic. On the economic and jobs front, we are still in a period of huge uncertainty, though, there were some positive signs!

IT Industry News – June 2020

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 vendor 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 are more detailed below. Other companies in the news, include Deloitte, Accenture, DXC, AT&T, Dell and Microsoft.

IT Industry News – May 2020

In May 2020 we continue to fight the COVID-19 pandemic and things are tough everywhere. IT spending worldwide is expected to fall by 8% this year; however, cloud spending is up. For all of the disruption there is still a fair bit of M&A activity. This month, Intel bought mobility startup Moovit for $900 million; and also picked up Texas-based networking company, Rivet Networks. Apple bought Virtual Reality company NextVR; VMWare bought Kubernotes security vendor Octarine; and Microsoft is planning for its 5G offerings with the purchase of Metaswitch; Mictrosoft also picked up robotic process company Softomotive. Cisco splashed out (possibly close to $1 billion) for network monitoring company Thousand Eyes; Zoom is working to improve security with its purchase of Keybae; and Nvidia is buying Cumulus Networks. There were a number of lesser-known deals, that include Beanfield Metro buying the WAN network from Aptum Technologies.

IT Industry News – April 2020

April 2020 continues to be dominated by COVID-19, with global efforts to fight the pandemic causing the economy to retract worldwide. Talking about the impact of the pandemic, IDC released projections on Canadian IT Spending and it wasn’t pretty. There was some M&A activity in April. Apple picked up an AI voice company, Voysis, that is expected to improve on Siri; Accenture beefed up its security practice with the acquisition of Revolutionary Security; and Cisco picked up Fluidmesh Networks to assist in their IoT strategy. Other deals included Zscaler buying Cloudneeti; mobile security company MobileIron bought Incapptic Connect, to assist in software releases; and Scopely scooped up another gaming company, this time PierPlay make of Scrabble Go. Cognizant was in the news as it was hit by the Maze ransomware, affecting both it and its client’s systems. In other cyber security news, it appears that targeted attacks, such as spear-Phishing, now accounts for the 60% of cyber-attacks.

IT Industry News – March 2020

In March 2020, the big news is all about the impact around the world of the COVID-19 pandemic. The economic and employment fallout have been dramatic, and there is significant uncertainty about how quickly people can get back to work. There was some M&A activity worthy of mention, including the $34.9 billion bid for HP, and subsequent withdrawal by Xerox. Veritas Capital is buying DXC’s Health and Human Services business for $5 billion; Private Equity firm Hellman & Friedman is paying $1.15 billion for Checkmarx; Palo Alto Networks is buying CloudGenix for $420 million; and Accenture is paying $139 million for Context Information Security. Other deals saw Watchguard buy Panda Security and NetApp buy Talon Software. In the wake of so many layoffs there are bright spots around the world as some companies are staffing up, including Walmart and Amazon.

IT Industry News – February 2020

February 2020 had some big dollars and some big names involved. Dell announced that it is selling RSA, to a group of investors for $2.075 billion. IoT company, Forescout, was bought by private equity for $1.9 billion. Another big deal saw SAIC pay $1.2 billion for Unisys Federal. Infosys paid $250 million for Simplus, HPE bought Scytale and Square bought Toronto-based AI startup Dessa. Other news was somewhat dominated by the coronavirus outbreak and what that might mean for our industry. The jobs news around the world was generally upbeat and the US economy continues to perform strongly. In Canada, the job numbers were not too bad, but there are lots of clouds on the horizon with blockades affecting infrastructure projects and resulting regional unrest.

IT Industry News – January 2020

January 2020 saw Insight Partners pay $5 billion for cloud data management company Veeam; Insight Partners also bought IoT security startup Armis. Mapletree, paid $557 million for 10 of Digital Realty’s datacenters. ServiceNow bought Loom Systems and Passage AI; Xerox Arena Group; VMWare bought Nyansa; and Hitachi Vantara bought Waterline Data. Other deals saw Fireye buy Cloudvisory; Ahead bought its third solution provider in the last six months, Platform Consulting Group; AWS partner Effectual bought JHC Technologies; and Park Place Technologies bought Intellinet’s network operations center. VMWare was also in the news for confirming its annual “workforce rebalancing” initiative which may involve hundreds of layoffs. Gartner tells us that 2020 IT spending is likely to increase. The world’s CEOs are a little concerned about a potential slowdown or even recession in 2020 and the World Economic Forum announced the “Reskilling Revolution”. Both the EU and the OECD had positive employment numbers which were reflected in most of the stats from around the world. Even where the reports were less than positive, the underlying message was that the economy is doing OK.

IT Industry News – December 2019

December 2019 saw some big dollar deals in the M&A world with the biggest seeing LogMeIn sold to private equity for $4.3 billion. Intel shelled out $2 billion for Habana Labs and F5 Networks paid $1 billion for Shape Security. In other deals, Solarwinds paid $175 million for VividCortex; NTT picked up AWS company Flux7; Fortinet bought Cybersponse; CheckPoint Software bought security company Protego; Acronis bought security company 5nine and Opswat bought cyber security company Impulse. There have been warnings that cyberattacks will increase in 2020 and 2019 ended with a couple of significant attacks coming to light, including at LifeLabs and Wawa. Here in Canada we lost 70,000 jobs in November as the US was adding 266,000 non-farm jobs. Around the world, jobs data is positive other than the obvious spots like the UK, as it continues to wrestle with Brexit.

IT Industry News – November 2019

The biggest in November 2019 saw Apollo Global taking TechData private in a deal worth $5.4 billion. eBay sold its Stubhub subsidiary to Viagogo; Xerox is selling its stake in Fuji Xerox; Google paid $2.1 billion for Fitbit; and Opentext paid $1.4 billion for Carbonite. Other deals saw Proofpoint buy ObserveIT; DXC Virtual Clarity and Bluleader; Rackspace bought Onica, and Mimecast picked up DMARC Analyzer. One other company in the news was Cognizant, who announced it would be laying off between 10,000 and 12,00 employees. Economic and jobs news around the world was a little mixed, with signs of things slowing in most countries. Some interesting reports this month, with Canada’s privacy commissioner pointing out that 28 million Canadians were affected by corporate hacks or mismanagement. Plus, two separate AI reports suggest different impacts on jobs into the future. Finally, the Global Power 150 list of Women in Staffing was released, with Eagle’s CEO Janis Grantham on the list.