IT Industry News

IT Industry News – October 2015

October 2015 brought some big deals, with the biggest seeing Dell offer $26 billion to buy storage company EMC. VMWare, was also out shopping, as well as Western Digital, IBM, Cisco, LogMeIn, Trend Micro, Red Hat, Vasco Data Security, and Apple, who is buying a speech processing startup, VocalIQ. Other companies in the news include Twitter who announced 336 layoffs; Apple lost a patent fight with the University of Wisconsin to the tune of $234 million (of course they also recorded record profits of more than $5 billion); and, Google are launching a neat project to bring the internet to 100,000 Indonesian people using balloons. The US economy continues to impress, adding another 200,000 jobs and having generally positive indicators from surveys and reports. There are signs that the growth is slowing but this is just to be expected. Canada added 12,100 jobs in September but the unemployment rate rose to 7.1%. A new Liberal government was voted in, so we will watch how that works out.


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+

IT Industry News – September 2015

September 2015 saw a reasonable amount of M&A activity, but no blockbuster deals. Microsoft was very active closing three deals, Accenture picked up the cloud services company Cloud Sherpas; and IBM added cloud software startup StrongLoop. Other companies making deals included Netsuite, Blackberry, Konica Minolta, Qualcomm, Barracuda Networks and Compugen. Also in the news in September were HP and Samsung. Almost all of the US economic surveys and indicators were positive with the jobless rate edging down to 5.1% and the only cloud on the horizon being labor shortages in the construction industry. Canada on the other hand continues to struggle. After enduring a “technical recession” through the first half of 2015 there might be some positive signs for the second half based on a sharp increase in GPD in June. The unemployment rate rose to 7%; however Canada, did add 12,000 jobs in August.


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+

IT Industry News – August 2015

August 2015 was an exceptionally slow month in the M&A space; however, there were two billion dollar deals. Symantec sold Veritas (which it paid $13.5 billion dollars for 10 years ago) to a group of investors for $8 billion. IBM also paid “big bucks”, shelling out $1 billion for Merge Healthcare. A small deal saw Calgary-based Above Security bought by Hitachi; Transcomos bought 30% of Vietnamese daily deals site Hotdeal; Freshdesk bought live-chat company 1Click; and PLDT bought ecommerce startup Paywhere. Other companies in the news were HTC for laying off 2,250 people and Lenovo who laid off 3,200 people. Both companies have been struggling in the hyper-competitive smartphone space. On the economic front, there is much debate about Canada’s latest “recession” following reports of two consecutive quarters of negative GDP growth. Certainly the West is suffering because of the price of oil; however, Canada is still adding jobs and consumers are spending. There is no panic, but it certainly isn’t the US, which seems to be going from strength to strength. Almost every indicator there was positive again this month, and another 185,000 jobs added! (Note: By the time you read this the August figures may have been released, so bear in mind this update is based on July numbers released in August.)


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+

IT Industry News – July 2015

July 2015 saw no billion dollar deals, but there was some activity with some big names out shopping. Microsoft made two acquisitions, paying $320 million for cloud security company Adallom and also picked up customer servicing software company FieldOne Systems .The Canadian indicators were not as good with a loss of 6,400 jobs in June and a continued unemployment rate of 6.8%. A Federal government report also suggests that Canada is headed for an IT skills shortage of approximately 182,000 people by 2019.In other news Microsoft, already mentioned for two acquisitions this month, also announced layoffs of 7,800 people related to its phone hardware business. Final word goes to online “marital affair” dating site Ashley Madison, which suffered a major hack and the hackers have threatened to “out” its users. I guess that slogan “Life is short” could be seen differently for those who get outted!


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+

IT Industry News – June 2015

This is my 30,000 foot look at events in the ICT industry for June 2015. 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.


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+

IT Industry News – May 2015

May 2015 saw some very large deals on the M&A front, with the biggest seeing Charter Communications spend $55 billion to buy Time Warner Cable and a further $10.4 billion to buy Bright House Networks. The “billion dollar club” also saw French Telco Altice pay $9.1 billion for another US cable company Suddenlink Communications. Keeping with the billion dollar deals involving telcos, Verizon paid $4.4 billion for AOL to bolster its mobile video capabilities. Another billion dollar deal saw HP unload 70% of its stake in its China server, storage and technology storage unit to Tsinghua Holdings for $2.3 billion. The final billion dollar deal saw EMC pay $1.2 billion for cloud service provider Virtustream. Apple was out buying a couple of companies in May, snapping up mapping company Coherent Navigation and augmented reality company Metaio. In other deals, Avaya bought cloud technology company Esna; and Cisco bought cloud programming interface company Tropo. Another company in the news was Blackberry, but for the wrong reasons, announcing another layoff as it continues the journey back to significant market share in the smart phone world. A Trend Micro security and threat report had Canada scoring quite high as a target for online threats. Clearly not a report in which you want to score high! There was another report highlighting the growing IT skills gap in Canada. Canada’s economy took a bit of a beating primarily due to the low price of oil; however, things look better later in the year. Part of that optimism is the uptick in the US economy and almost all indicators, reports and surveys for the US were positive in May.


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+

IT Industry News – April 2015

At first, April 2015 seems like a month where not too much happened, but when we look at the facts, there was plenty of action! Nokia was the biggest story, paying $16.5 billion for telecom company Alcatel-Lucent, but there was also a $4 billion deal that saw Capgemini buy services firm IGATE and LinkedIn made its largest acquisition ever, paying $1.5 billion for training portal Lynda.com. LinkedIn also bought a predictive insights startup company, Refresh. Netsuite paid $200 million for ERP and commerce software company Bronto Software and Blackberry reputedly shelled out $150 million for file sharing security company Watchdox. Salesforce was also out shopping, picking up mobile two-factor authentication startup, Toopher. In another deal involving billions, Informatica decided to follow in DELL’s footsteps and go private for a $5.3 billion price tag.


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+

IT Industry News – March 2015

March 2015 saw some significant M&A activity with HP paying $3 billion for Aruba Networks; Lexmark paying $1 billion for customer management software company Kofax; eCommerce company Rakuten paid $410 million for ebook marketplace Overdrive; Cheetah Mobile is paying $58 million for mobile ad networkMobPartner; TeraGo Networks paid $33 million for cloud provider RackForce; IBM bought natural language and image processing company AlchemyAPI; and in the cable TV world Charter Communications is paying $10.4 billion for Bright House Networks.


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+

IT Industry News – February 2015

February 2015 saw some interesting activity. The $6.3 billion merger of Staples and Office Depot and the $1.6 Billion purchase of Orbitz by Expedia are two examples of sectors experiencing massive consolidation. There was a big buy in the communications and IT space with Harris paying $4,75 billion for Excelis to establish a 23,000 person company. There was a big data center play with UK based Telecity Group paying $2.2 billion for Interxion Holdings. Microsoft made a couple of acquisitions, paying $200 million for pen-tech maker N-Trig and $100 million for mobile calendar company Sunrise. Samsung bought a mobile payment company (competing with Apple pay), LoopPay. Also out buying was Twitter lwhich picked up Niche, a network of social media creators. There were a number of interesting deals in Asia, including Sapdeal buying luxury fashion estore Exclusively; Foodpanda made six acquisitions of online meal delivery services to establish itself as a powerhouse in that space.


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+

January 2015

In this Issue: > General Interest > Company News > Merger & Acquisition Activity > Primary Sources > GENERAL INTEREST General Gartner tell us that tablet sales will grow by 8% in 2015, with sales reaching 233 million units. They do expect sales of "ultramobile premium" computers (Apple MacBook Air, Microsoft Surface etc) to double … Continue reading January 2015


Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someonePin on PinterestShare on Google+