HPE announced it was buying Cray for $1.3 billion, giving it access to the company’s high performance computing portfolio, and perhaps a foothold into quantum computing in the future. The purchase price was $35 a share, a $5.19 premium over yesterday’s close of $29.81 a share. Cray was founded in the 1970s and for a […]
SugarCRM announced today that it has acquired Atlanta-based Salesfusion to help build out the the marketing automation side of its business. The deal closed last Friday. The companies did not share the purchase price. CEO Craig Charlton, who joined the company in February, says he recognized that marketing automation was an area of the platform […]
Global M&A activity is exploding. The value of transactions in the first 8 months of 2018 reached $3.3 trillion worldwide, and the market can expect another record-setting year in 2019.
MongoDB announced today that is acquiring Realm, an open source database geared for mobile applications. The startup raised over $40 million before being acquired, but the companies did not share the purchase price. It’s the kind of acquisition that makes a lot of sense. Both companies are built on the premise that data is the […]
Microsoft has never been shy about being acquisitive, and today it announced it’s buying Express Logic, a San Diego company that has developed a real-time operating system (RTOS) aimed at controlling the growing number of IoT devices in the world. The companies did not share the purchase price. Express Logic is not some wide-eyed, pie-in-the-sky […]
Salesforce announced today it’s buying another company built on its platform. This time it’s MapAnything, which as the name implies, helps companies build location-based workflows, something that could come in handy for sales or service calls. The companies did not reveal the selling price, and Salesforce didn’t have anything to add beyond a brief press […]
A independent report commissioned by the UK government to examine how competition policy needs to adapt itself for the digital age has concluded that tech giants don’t face adequate competition and the law needs updating to address what it dubs the “novel” challenges of ‘winner takes all’ platforms. The panel also recommends more policy interventions […]
During its earnings report yesterday afternoon, Okta announced it intends to acquire Azuqua, a Bellevue, Washington workflow automation startup for $52.5 million. In a blog post announcing the news, Okta co-founder and COO Frederic Kerrest saw the combining of the two companies as a way to move smoothly between applications in a complex workflow without […]