This is my monthly very high level look at events in the ICT industry over the month of November. More details will be available at the Eagle website over the next day or two.
November’s big news was the purchase of Cognos by IBM for $5 Billion. Obviously of interest to me as I live in Ottawa plus Cognos was Canada’s largest Canadian software company. IBM scooped the last of the large independent BI companies.
There was plenty of M&A activity this month. AOL appears to be regrouping and finding ways to build revenue streams outside of its traditional business, this month saw two acquisitions, one to complement the social networking arena and another to bolster ad revenues.
This month saw HP extend its lead over Dell in the PC sales world, Dell also lost a step in the laptop world to Acer. Dell however is not a company that is down or out, this month they made two more acquisitions aimed at bolstering their plans to make IT simpler for the customer … I could buy into that! Dell paid $1.4 Billion for storage company Equallogic and also picked up SaaS company Everdream corp.
EDS is starting to use that war chest it has built, this month picking up Saber Holdings, a large supplier to the US Government for a cool $420 million. HP, Sun, Microsoft were also busy buying companies this month. Telus is looking to continue its growth through the acquisition of Emergis for $763 million.
There were a couple of announcements that affect the Canadian IT staffing market. The first was Sierra Systems buying RIS and the second was a big one … Randstad buying Vedior. The number three and four staffing companies in the world merging to create the new number two.
For the full synopsis of the month’s events visit our website at Eagle.