Symantec has expanded its portfolio by acquiring identity protection firm LifeLock with a $2.3 billion dip into its pockets. Since Symantec divested itself of Veritas at a loss to the Carlyle Group in 2015, it has been looking to move into new markets. It acquired Blue Coat in August for $4.65 billion, a move that was seen to enhance its enterprise offerings.
The reason for the LifeLock acquisition is to bolster its consumer arm, Norton. Although currently profitable, Norton has been struggling with growth due to declining consumer PC sales. Traditionally, Norton has been bundled with new consumer OEM (original equipment manufacture) PCs in the hope that after the “free” year, the owner will just pay the subscription to keep the protection; this model been doubly hit due to declining PC sales and the rise of free antivirus protection from the likes of Free AVG.
Oracle have been quietly building out their next generation cloud environments, building up a cloud practice with seasoned professionals that includes Ex-VCE, VMware and AWS personal. They have released a completely new version of their IaaS layer cloud. Dipping into their not insignificant loose pocket change to make several key purchases or acquisitions this year.
Now in what should be their last acquisition of 2016 they have now acquired Dyn for an undisclosed amount; but according to Dan Primack, a former senior editor at Fortune it is expected to be in the region of $600million.
yn are a Manchester, New Hampshire based internet DNS provider founded in 1998, who have unfortunately recently been in the news for all the wrong reasons. They were the target of a massive DDoS attack in October that caused by a botnet using Mirai. Mirai is Malware that targeted Linux based systems and took down numerous high profile sites on the east coast of the USA including Spotify, New York Times, Twitter and eBay. Whether this issue affected the purchase price is to date unknown.
Nutanix, one of the leading providers of hyperconverged infrastructure, has executed a definitive agreement to acquire PernixData, one of the leading providers of local flash-based acceleration for storage devices.
HPe, in a surprise move, has paid $275 million to acquire former Silicon Valley giant SGI. This equates to $7.75 per share, a premium of 30% over what SGI shares were trading at by close on August 10. What are the reasons for this acquisition?
Oracle is acquiring NetSuite in a $9.3B all-cash purchase. After its very shaky start in cloud computing—Ellison famously stated that the computer industry and its approach to cloud computing are highly fashion driven—the purchase of NetSuite makes a statement. Oracle is now front and center where cloud is concerned, though it is true that it is playing catch-up with the likes of AWS, Google, and Azure, and possibly, with regard to this acquisition, Salesforce. However, unlike VMware, Oracle has not yet appeared to have made any serious missteps in its journey. Oracle’s only choices were to build—and build big and quickly—or to buy its entry point, although Oracle has been building out its cloud infrastructures with data centers in all the major regions of the world. It also recognized that it is very hard to play catch-up. So, unlike VMware, it decided that this was not to be its only route to market.
In 2008, HP (now part of the newly split-off HPE) bought Electronic Data Systems (EDS) for $13.9 billion, a massive amount for what at the time was one of the biggest IT services players in the market space, behind IBM. This was whilst HP’s services division languished in fifth place, behind both Accenture and Fujitsu.
At the time of the deal, it was said that it was too big a merger: a little bit like a whitebait eating a whale. The power of the deal was obvious. HP as an IT services player was catapulted to second place in revenue. It was generally thought to be a good deal, as the majority of the heavy lifting to transform EDS had already been done by the management team led by Michael Jordan.