IT Industry News

IT Industry News – June 2017

The largest deal of the month was Amazon’s purchase of Whole Foods for $13.7 billion or $42 a share. Westcon-Comstar’s American business is being bought by Synnex for approximately $800 million. US fintech provider, Fiserv purchased British financial services technology firm, Monitise for $88.7 million. Microsoft has purchased Israli cloud startup, Cloudyn, for a price between $50 million and $70 million. Rackspace has acquired TriCore in an effort to increase Rackspace’s business from customers who want help running their critical applications. Ebix Inc. has entered into a joint venture with Essel Group. while acquiring a majority stake in ItzCash for $120 million.

IT Industry News – May 2017

The most significant purchase in May 2017 was the $1.86 billion sale of CenturyLink’s data centres and colocation business to a consortium led by BC Partners, Medina Capital Advisors and Longview Asset Management. Cybersecurity startup, Hexadite, was bought by Microsoft for $100 million. Goldman Sachs entered the BI space by purchasing a minority stake in Information Builders of New York City. Apple acquired Beddit, a Finnish sleep sensor product, for an undisclosed amount. Finnish cybersecurity firm, F-Secure acquired British security consultants, Digital Assurance also for an undisclosed amount. In other news, increasing smartphone sales around the world are not coming from tech giants like Apple and Samsung. Chinese smartphone makers are on the rise and gaining significant market share at home and in other densely populated countries.

IT Industry News – April 2017

In April 2017, it was reported that Microsoft plans to purchase Israeli cloud-monitoring and analytics startup, Cloudyn. Flipkart, one of India’s larger ecommerce companies, has acquired the Indian division of eBay (eBay.in) as part of eBay’s $500 million investment in Flipkart. VMware’s vCloud Air unit will be acquired by OVH, a French hosting and cloud company. Global professional services provider, Accenture, purchased the UK-based automation services provider, Genfour. Toronto-based startup, Turnstyle Analytics, has been acquired by Yelp for $20 million. California-based Coupa Software purchased Swedish software company, Trade Extensions for $45 million. Montreal-based financial technology provider, Alithya acquired big data solution provider, Systemware Innovation Corporation. In other news, the demand for PCs continues to decline reaching a low that has not been experienced since 2007. In Q1 of 2017, PC shipments fell by 2.4%, which signifies the 10th quarter of decline. The ride-hailing company, Lyft, has raised $600 million in additional investments bringing the company’s valuation up to $7.5 billion. BlackBerry has won a binding arbitration case against Qualcomm for $815 million.

IT Industry News – March 2017

In March 2017, the major acquisition in the headlines is Intel’s purchase of Israeli computer vision company, Mobileye, for a hefty $15.3 billion. HPE bought storage solution provider, Nimble, for $1 billion. DeskConnect, the startup that developed the Workflow app, has been acquired by Apple who will offer the app for free. Amazon Web Services, a public cloud infrastructure provider, acquired Thinkbox Software, a company that provides software for managing media rendering workloads. Mozilla acquired Pocket, a startup that developed an app for saving articles and other content. In other tech news, Statistics Canada released a report highlighting Canadian participation in the sharing economy, i.e. peer-to-peer services, and its role in the Canadian economy. Another story that took headlines last month was that US corporate information, including work email addresses and phone numbers, was leaked from a 52-gigabyte database owned by Dun & Bradstreet.

IT Industry News – February 2017

February 2017 saw very little M&A action. Nokia paid $371 million for Comptel and Apple picked up an AI startup company RealFace. Another company in the news, but for the wrong reasons was Samsung which is in the middle of a significant bribery scandal. On the economic front there were a lot of positive indicators out of the US and Canada also added 48,000 jobs in January. Around the world, the UK is starting to see some labour impacts from the Brexit decision as EU nationals are not applying for jobs they used to do. Brazil reached a record high in unemployment, in India hiring activity declined and in China there is expected to be a boom in hiring. Perhaps more interesting this month than the M&A activity, or lack thereof, were some other tidbits of news.

IT Industry News – January 2017

The multi-billion-dollar deal of the month was Cisco‚Äôs purchase of app performance management company, AppDynamics for $3.7 billion. In additiona, HP Enterprise purchased data center hardware provider, SimpliVity, Microsoft acquired Montreal-based deep learning start-up Maluuba, Google announced plans to purchase Fabric, Trello has been purchased by Atlassian, Salesforce bought Unity&Variety and Datavail acquired Canadian IT channel leader Navantis. Some non-M&A news in January included IBM announcing it broke the US record for number of patents granted in a single year — 8,088 to be exact. Avaya Inc. announced it filed for Chapter 11 bankruptcy protection as a result of accumulating debt from their major acquisitions in the last ten years. According to a report released by Gartner Inc., 2016 saw a decrease in the shipment of PCs, the lowest it has been since 2007.

Industry News – December 2016

In December 2016, Adecco sold its majority stake in Beeline VMS to GTRC for $100 million in cash plus a $30 million note; SS&C purchased Conifer for $88.5 million; QRX Technology Group acquired IT equipment provider Kerr Norton; Juniper Networks acquired cloud operations management provider AppFormix; Uber bought Geometric Intelligence Inc.; and Shopify acquired Tiny Hearts, a Toronto-based mobile product development studio. In other news, Yahoo disclosed that one billion accounts were hacked in 2013, making it the largest data breach recorded in history. To safeguard against hacking attempts on your devices, Check Point Software advises users to make sure they download the latest versions of software as they have discovered new malware that targets devices running outdated software. Cyber attacks and security breaches are also a major concern for IT and business professionals where, according to Symantec, 30% of business surveyed have experienced a hack over the last two years.

Industry News – November 2016

November 2016 saw some M&A activity, although it was not too busy. The big deal of the month saw Broadcom acquire Brocade Communication Systems. Adobe also purchased TubeMogul; Wipro Limited will Appirio; Oracle Corp. has announced its plans to acquire Dyn Inc.; SoftwareOne acquired and integrated House of Lync; and Avnet completed an acquisition of Hackster. In other news, hackers caused some problems for Casino Rama Resort and AdultFriendFinder exposed 340 million users’ information. A Harvey Nash Technology Survey suggests 94% of technology professionals across the world believe a significant part of their job will be automated within ten years, rendering their current skills redundant. The economic indicators in the US were generally favourable and jobs numbers were quite positive. Canada’s economy continues the same tepid trend we have seen for quite some time. Sometimes up a little, sometimes down a little, with unemployment hovering around the 7% mark.

IT Industry News – October 2016

October 2016 did not have much in the way of deals, with one BIG deal seeing Qualcomm pay $47 billion for NXP Semiconductor. Wipro also paid $500 million Appirio, Google picked up FameBit, and Pivot Technology Solutions bought Teramach. Other news saw Google step into the smartphone world with the release of Pixel, at a time when wireless use in Canada is more than 50% of telecom revenues. Twitter announced layoffs plus the fact it will be shutting down the video service Vine and HP Inc. also announced layoffs. Most indicators that were based on numbers were reasonably positive. A couple of subjective indices were down, but nothing crazy. There were also numerous reports from IDC and Gartner this month with predictions of growth in many tech sectors including total IT spend, cloud spending, security spending etc. About the only areas that are trending down are PC and smartwatches. Here at Eagle, our CEO, Janis Grantham was included in the 2016 Global Power 100 Women in Staffing list.

IT Industry News – September 2016

September 2016 saw a couple of large deals. Tech Data paid $2.6 billion for the technology solutions group of Avnet, and HP paid $1.05 billion for Samsung’s printer business. Other deals included Google, Subway, and Accenture. Economic news was generally positive around the world with a few exceptions, Brazil being the most obvious. The US was fairly positive in most indicators despite the upcoming election and their “interesting” potential presidents. The Canadian outlook seemed generally positive, of course these reports were prior to announcements of carbon taxes. The economy certainly doesn’t “feel” positive. Yahoo had some more bad press, this time for a security breach, and Blackberry announced that it was getting out of the hardware business. A couple of studies looking at emerging technologies saw increasing investment in big data analytics and IoT in the manufacturing sector and a suggestion that robots might only replace 6% of jobs in the future.