Acquisitions

LogMeIn Merging with Citrix's GoTo Business - A Deal Valued at $1.8 Billion

Article Written by David Marshall

LogMeIn and Citrix Systems announced that the companies have entered into a definitive merger agreement for LogMeIn to combine with Citrix's GoTo business in a deal valued at approximately $1.8 billion.  The deal will enable Citrix to focus on its other products, including XenDesktop and XenApps.

Back in November, Citrix announced that it would spin off its GoTo family of products as a separate company.  By combining the spinoff with a merger, the transfer will be tax free for Citrix in a move known as a "Reverse Morris Trust."

The transaction has been unanimously approved by the boards of directors of both companies.  According to officials with both companies, the deal, expected to close in the first quarter of 2017, will create a software-as-a-service (SaaS) business with a diverse product portfolio and greater resources to drive innovation. 

Cloud Computing: Dell/EMC - Biggest Merger in IT History Approved by Shareholders

Grazed from TopTechNews. Author: Shirley Siluk.

Shareholders of EMC Corp. today overwhelmingly voted in favor of the company's planned merger with Dell Inc. -- a more than $60 billion transaction that's been described as the biggest tech deal in history. According to a preliminary tally, 98 percent of EMC shareholders who voted were in favor of the merger.

Final results are set to be filed with the U.S. Securities and Exchange Commission later this week. The shareholders casting votes represented about 74 percent of EMC's outstanding common stock. As part of the transaction, Dell, which ceased being a publicly traded company in 2013, must compensate EMC shareholders for taking the firm private...

Cloud Computing: Rumor - Dell to Aquire WMWare

Grazed from LinkedIn. Author: Karl Kvalvik.

I was speaking with an anonymous insider in Dell and it sounds like Dell is finalizing it's acquisition of VMWare.

Dell's acquisition of EMC, sell off of it's software divisions, and now the rumored acquisition of Vmware with it's vCloud Air cloud technology; It certainly appears as though Dell is ramping up to contend with Google Cloud Platform, Microsoft Azure, and Amazon AWS...

Read more from the source @ https://www.linkedin.com/groups/61513/61513-6152989464831549444

Samsung to Acquire Public and Private Cloud for IoT Applications

Grazed from Engineering. Author: Editorial Staff.

Samsung Electronics recently announced its plans to acquire the public and private cloud provider Joyent. While Joyent will continue to operate as an independent company, Samsung hopes to soon be able to take advantage of Joyent’s cloud technology to further its own Internet of Things (IoT) and cloud-based initiatives.

Though the acquisition is yet to be finalized, both companies can expect to benefit from the partnership. Joyent offers several cloud solutions, including Node.js production support, containers as a service and scalable object storage. On the other hand, Samsung’s brand, capital and global scale offer Joyent plenty of room to grow...

Cloud Computing: Microsoft wants to monopolize your workplace

Grazed from TheWeek. Author: Jeff Spross.

Microsoft announced on Monday that it's dropping $26.2 billion to acquire LinkedIn, the social network geared towards resumes, employment history, and connecting corporate professionals and white-collar workers. It's a generous offer: The buy per share is 49.5 percent over where LinkedIn's stock closed on Friday. It may seem quixotic when a tech giant known for its personal computer businesses buys a social network. But if you dig through Microsoft's history, there's a pretty clear strategy here.

Microsoft got going as a dual juggernaut in both the world of PCs and the software you run on them. It's not just individual consumers who buy PCs — it's also companies, and they buy in bulk. This provided an excellent opportunity for Microsoft to place its PCs, its Windows operating systems, and its software package of Microsoft Office products into one big grab bag for bulk buyers...

Cloud Computing: Salesforce Will Acquire Demandware For $2.8 Billion In Move Into Digital Commerce

Grazed from Forbes. Author: Alex Konrad.

As Salesforce continues to branch out into new types of cloud computing customers, it’s willing to pay steep prices to buy what it can’t build. The latest proof is Salesforce’s announcement on Wednesday that it’s agreed to acquire Demandware, a digital commerce company that had gone public in 2012, for $2.8 billion.

Shares in Demandware had closed trading on Tuesday at $48, meaning Salesforce agreed to pay a 56% premium, or about $1 billion, to snag the company that includes Design WIthin Reach, L’Oreal and Marks & Spencer as customers. The acquisition will create a new product line for Salesforce’s cloud software called the Commerce Cloud...

Oracle to Buy Utilities-Software Maker Opower for $532 Million

Grazed from WSJ. Author: Joshua Jamerson.

Oracle Corp. said it agreed to acquire utilities cloud-services provider Opower Inc., expanding the database giant’s portfolio of cloud software for the utilities industry. Oracle will pay $10.30 a share in cash, a roughly 30% premium over Friday’s closing price. The deal is valued at about $532 million, net of Opower’s cash.

Opower’s stock rose 31% to $10.31 in premarket trading as Oracle remained unchanged from Friday’s closing price of $39.86. Rodger Smith, general manager of Oracle’s utilities global business unit, said the tie-up would make Oracle the largest provider of cloud services to utilities...

AppDirect Acquires Xendo to Power the Future of Cloud Management

Grazed from AppDirect

AppDirect, the leader in cloud service commerce, today announced its acquisition of Xendo, the leading provider of hosted enterprise search. Xendo, which launched at TechCrunch Disrupt in 2014, offers cloud-based unified search across 30 different cloud and on-premise apps to allow business users to easily find content across the various cloud services they use every day. The service can be set up in minutes and integrates with organizations’ IT security infrastructure. Xendo’s customers include Netflix, Looker and Alphabet-owned Intersection.

With cloud adoption at all time highs, and with the average employee actively using 30 cloud applications per month, IT departments are aggressively attempting to address not only “shadow IT,” but also usability and interoperability to increase efficiency and collaboration across their organizations. While technologies like single sign-on allow workers to securely access multiple online services, cloud-based information still remains siloed, often leaving employees searching for documents, spreadsheets and other files within individual apps. Xendo’s turnkey enterprise search service allows users to spend less time looking for their cloud content and get more done.

IBM acquires Optevia for public sector CRM SaaS play

Grazed from CloudTech. Author: James Bourne.

IBM has announced the acquisition of Microsoft software as a service (SaaS) specialist Optevia, ramping up its offering for CRM SaaS in the public sector. Optevia’s specialism in Microsoft Dynamics CRM firms makes an interesting avenue for IBM, given how dominant Microsoft is in the public sector. Among Optevia’s more recent customers include Wealden District Council, who announced in October “significantly improved customer services” using Dynamics CRM.

The company announced record financial results in May, and among its current client base are ministries, councils, regulators, transport authorities, and social housing organisations. “By acquiring Optevia, IBM will be able to provide public sector clients and prospects with a range of unique, industry focused CRM based solutions,” said Joanna Davinson, IBM Europe public sector leader in a statement. “This strategic acquisition will help strengthen IBM as a SaaS provider and global software integrator.”...

Read more from the source @ http://www.cloudcomputing-news.net/news/2016/mar/18/ibm-acquires-optevia-public-sector-crm-saas-play/

Cisco Acquires Hybrid-Cloud App Management Specialist CliQr

Grazed from Datamation. Author: Pedro Hernandez.

Cisco is bulking up its hybrid cloud technology portfolio. The networking giant kicked off the month today by announcing that it is acquiring CliQr Technologies, a San Jose, Calif.-based provider of application-centric hybrid cloud management software in a deal worth $260 million. "Customers today have to manage a massive number of complex and different applications across many clouds.

With CliQr, Cisco will be able to help our customers realize the promise of the cloud and easily manage the lifecycle of their applications on any hybrid cloud environment," said Rob Salvagno, vice president of Cisco Corporate Development in a March 1 announcement. CliQr co-founders Gaurav Manglik and Tenry Fu, both formerly of VMware, founded the company "to provide a uniquely easy and powerful way to make cloud computing simple and application-centric – a platform to model, deploy and manage the entire lifecycle of applications onto any data center or private or public cloud environment," wrote Manglik in a blog post today...