IT Industry News
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. IBM picked up database as a service company Compose; Cisco paid $139 million for sales automation company MaintenanceNet; HP is buying a cloud development platform Stackato; Blackberry bought AtHoc which is a crisis communication tool; and Dropbox bought messaging company Clementine.
Other acquisitions saw Cisco as a seller, with Technicolor paying $600 million for Cisco’s set top box division; Level 3 bought security firm Black Lotus; Amadeus bought travel software company Navitaire (a subsidiary of Accenture) for $830 million; eBay sold its Enterprise unit for $925 million, having paid $2.4 billion for it 4 years ago. In the continued blurring of the lines between technology companies and other industries, Capital One bank acquired design, development and marketing firm Monsoon.
Almost every indicator from the US was positive again this month, with another 240,000 private sector jobs added in June. 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!