In March 2018, there was a significant amount of M&A activity. The deal of the month saw Salesforce pay $6.5 billion for cloud integration company Mulesoft. Plantronics is paying $2 billion for unified communications company Polycom; and Amazon is paying $1 billion for smart home company Ring. Other deals saw eBay shell out $700 million for the commerce platform Qoo10; Cognizant is buying Bolder Healthcare Solutions; HPE Aruba is buying Cape Networks; VMWare is buying security company E8; and Deloitte is buying API Talent in New Zealand. It’s also nice to see Avaya buying Spoken Communications after leaving Chapter 11 bankruptcy protection.
Facebook received a lot of attention around the world this month with questions about improper use of client data and their potential role in major political situations like the US election and Brexit vote.
The Canadian economy has enjoyed a reasonably decent run in 2017, but 2018 is starting to look less than rosy. Indications are that GDP and employment growth will slow down as the year progresses. Obviously, NAFTA negotiations and interprovincial spats will have some influence, in addition to new labor laws and the carbon taxes beginning to take effect. The US economy is benefiting from the recent tax decreases and the general tone around the world is focused more on positive employment numbers and skills shortages rather than high unemployment.