IT Industry News

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.

IT Industry News – October 2019

The economy, while slowing down some, is still quite robust in the US and employment figures around the world are generally positive. Reports continue to suggest things will weaken in 2020 but the threat of a recession seems reduced, always bearing in mind that the ongoing trade wars are not helping. On the M&A side, activity was brisk with the largest deal happening in the robust data center space, Digital Realty paying $8.4 billion for Interxion. There was also a smaller data centre deal that saw Equinix pay for 3 data centres from Axtel; and another data center deal involving ServerFarm buying SNINES. Another big dollar deal saw Thoma Bravo offer $3.4 billion for Sophos. Big name companies out shopping included Intel, Accenture, Microsoft and Telus. Companies making headlines included Microsoft, who are grappling with an activist employee base contesting their government work; HP Inc. who announced significant layoffs; and Oracle who are going to be on a hiring binge.

IT Industry News – September 2019

September 2019 was relatively busy in M&A with Qualcomm’s $3.1 billion acquisition of TDK’s share in a RF joint venture, the largest deal of the month. There were some big names out shopping in September, with Microsoft buying cloud migration company Movere; Facebook bought Wearables company Ctrl-labs (reputedly for big dollars); HP bought endpoint security company Bromium; Western Digital bought Kazan Networks; and Github bought developer tool Semmie. Commvault paid $225 million for cloud software company Hevig and there were a few more smaller deals. Other companies in the news included YouTube who reached a $170 million settlement related to protection and privacy for children; Kik interactive shut down its messaging service; and DoorDash became the latest cyber breach casualty. The jobs numbers were optimistic in Canada, and the US also had good jobs news although the ongoing trade war and potential impeachment have put a negative spin on some of the reports coming out.

IT Industry News – August 2019

August 2019 was a busy month in M&A. The big deal saw Broadcom pay $10.7 billion for Symantec’s security unit. VMWare had a busy month paying $4.8 billion to acquire Carbon Black and Pivotal, and then announcing the acquisition of Intrinsic. BC Partners is paying $2.1 billion to take Presidio private, and Salesforce paid $1.35 billion for ClickSoftware to improve its service capability. Splunk also paid $1.05 billion for SignalFx plus there were a few other “smaller” deals. Other companies in the news included Apple, Google, and Cisco announced layoffs in California. There were also several interesting stories this month related to cyber security and various scams. Major economic indicators in the US were generally positive, although economists have started wondering when the next recession will hit, 2020 or 2021. Canada had mixed job numbers depending upon who you believe and job indicators across the world were generally positive.

IT Industry News – July 2019

Cisco’s $2.6 billion acquisition of Acacia Communications was the biggest deal. Apple splashed $1 billion to buy Intel’s smartphone modem business, and KKR bought Corel for $1 billion too. There were a few more deals with Google buying storage company Elastifile; 8X8 cloud communications company paying $100 million for Platform as a service company Wavecell; and finally Epam Systems bought educational content company Competentum. There was another big cyber breach announced with Capital One sharing data on more than 100 million customers. There was also a malware called “Agent Smith” that infected 25 million Android devices. A report on how AI will impact on jobs seemed significant, but most of the respondents believe new roles will replace the lost jobs. On the economic front, the current US economic expansion is the longest on record, and there are still lots of positive indicators. Canada lost jobs in June and continues to have struggles.

IT Industry News – June 2019

June 2019 saw some significant M&A deals with the Salesforce acquisition of Tableau for $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 and there was more news about CyberSecurity breaches. In Canada, the job numbers are interesting, with Statistics Canada suggesting May was a bumper month, and ADP suggesting we actually lost jobs. The US had some mixed reports regarding the economy but overall the story is still positive. Likewise, indicators on jobs and employment around the world are also positive.

IT Industry News – May 2019

The big deal in May 2019 saw HPE pay $1.3 billion for supercomputer manufacturer Cray. Palo Alto Networks continued growing its cybersecurity capability with the purchase of two companies, Twistlock and PureSec. Plus, there was some M&A activity among a number of other well-known companies. Cybersecurity continues to be topical, with an Accenture report highlighting the increasing cost to companies for cybercrime; a Proofpoint report also highlighted the sheer volume of attacks on Canadian businesses. Other news saw some Canadian cities receiving Federal taxpayer money to improve their SmartCity initiative and there has been a lot of news on 5G. A look around the world at employment numbers and economic indicators suggests that generally employment numbers are improving, with a few exceptions.