archiveAcquisition

Verizon Telematics is betting big on its IoT business. Company’s latest acquisition of Fleetmatics, a web-based fleet management company for USD 2.4 billion, is considered to be a further step towards becoming a leading players in the IoT space. Verizon, the second-biggest wireless provider in the U.S. by market value, has entered an agreement to acquire Fleetmatics in a deal valued at $2.4 billion. With approximately 1,200 employees, Fleetmatics is headquartered in Dublin, Ireland, with North American headquarters in Waltham, Mass. The company’s Web-based solutions provide fleet operators with visibility...

The channel is very optimistic about the much talked about Oracle-NetSuite deal and is hoping for the best outcome from the USD9.3 billion acquisition. However, partners demand more clarity on the impact of the deal on the channel business and opportunities, as well as challenges coming up with synergies of two cloud veterans coming together. “There is a lot of cloud buzz in the market and every vendor wants to capitalize on it. Oracle is also trying to capture the bigger market share and the company will certainly get millage...

Oracle has announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The transaction is valued at USD109.00 per share in cash, or approximately USD9.3 billion. “Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” said Mark Hurd, Chief Executive Officer, Oracle. “We intend to invest heavily in both products - engineering and distribution.” “We expect this acquisition to be immediately accretive to Oracle’s earnings on a non-GAAP basis in the first full fiscal year after closing,” said...

Cyber security firm Symantec has named Michael Fey as the president and chief operating officer of the company. The appointment comes in the heels of Symantec’s announcement last month that it intended to acquire Blue Coat for $4.65 billion. Fey currently serves as president and COO of Blue Coat. After the deal closes, Fey will report to Greg Clark, who is now Blue Coat’s CEO and is slated to take the helm of Symantec, CRNreported. Fey’s appointment will become official upon the closing of the acquisition, which is expected to take...

Avast Software has announced the acquisition of its biggest rival in the security space-AVG Technologies. As per the agreement, Avast will offer to purchase all of the outstanding ordinary shares of AVG for $25.00 per share in cash, for a total consideration of approximately $1.3B. Both companies are industry pioneers founded in the Czech Republic in the late 1980s and early 1990s, that expanded internationally in the 2000s, and now will be combining complementary strengths to position Avast for continued growth in the security industry. Avast is pursuing this acquisition...

Virtualisation and cloud infrastructure provider VMware has announced the intention to acquire a software-defined data center security and operations firm-Arkin Net. With the acquisition of Arkin, and through the integration of VMware vRealize Suite, cloud management teams will have access to a new generation of planning, troubleshooting and automation platform that provide visibility and control across the entire data center environment. With the acquisition of Arkin, VMware vRealize Suite will have the ability to extend across the entire SDDC, including the VMware NSX network virtualization layer. “Arkin is a great...

Fortinet today announced its acquisition of AccelOps, a network security monitoring and analytics solutions company. The acquisition extends Fortinet’s Security Fabric strategy by enhancing network security visibility, security data analytics and threat intelligence across multi-vendor solutions. “With the acquisition of AccelOps, Fortinet extends its Security Fabric to address these challenges by combining security and compliance monitoring with advanced analytics for multi-vendor security solutions, enabling automated and actionable security intelligence from IoT to the cloud”, said Ken Xie, founder, chairman of the board and chief executive officer, Fortinet. AccelOps solutions will...