Showing posts with label Merger & Acquisitions. Show all posts
Showing posts with label Merger & Acquisitions. Show all posts

Monday, September 3, 2018

Idea Cellular and Vodafone India complete merger -- 408M mobile users

Idea Cellular and Vodafone India completed their merger, creating India's largest telecom service provider with over 408 million mobile subscribers, 340,000 sites, and 1.7 million retail outlets and 15,000 branded stores.


The new company, Vodafone Idea Limited, is now operational and ranks as the No.2 operator worldwide by subscriber count, behind China Mobile. Its mobile network covers approximately 92% of India's population.

Vodafone Idea is structured as a partnership between Aditya Birla Group and the Vodafone Group. Following completion of a capital injection process, Vodafone will own a 45.2% stake in Vodafone Idea and Aditya Birla Group will own a 26.0% stake, both on a fully diluted basis. Vodafone will also separately hold a 29.4% stake in the combined entity resulting from the merger between Bharti Infratel and Indus Towers.

Vodafone Idea claims a #1 market share position in 9 of India's telecom circles, and 32% overall market share by revenue for all of India. In terms of spectrum, the company holds extensive 1850 MHz licenses and an "adequate number" of broadband carriers. It also controls about 235,000 kilometers of fiber. Both the Vodafone and Idea brands will continue to operate. Mr. Balesh Sharma has been appointed CEO of the business.

"Today, we have created India’s leading telecom operator.  It is truly a historic moment.   And this is much more than just about creating a large business.  It is about our Vision of empowering and enabling a New India and meeting the aspirations of the youth of our country.  The “Digital India”, as our Honourable Prime Minister describes it, is a monumental nation- building opportunity," stated Mr. Kumar Mangalam Birla, Chairman Aditya Birla Group and Vodafone Idea Limited.

Some highlights:

  • During the twelve months to 30 June 2018, Vodafone India and Idea generated revenue of INR585bn (€7.1bn) and EBITDA of INR107bn (€1.4bn). Vodafone Idea is expected to generate INR140bn (€1.7bn) run-rate cost and capex synergies, equivalent to a net present value of approximately INR700bn (€8.5bn)
  • The merger is expected to generate Rs. 140 billion annual synergy, including opex synergies of Rs. 84 billion, equivalent to a net present value of approximately Rs. 700 billion.
  • The equity infusion of Rs. 67.5 billion at Idea and Rs. 86 billion at Vodafone coupled with monetization of standalone towers of both companies for an enterprise value of Rs. 78.5 billion, provides the company a cash balance of over Rs. 193 billion post payout of Rs. 39 billion to the DoT.
  • Additionally, the company has an option to monetise an 11.15% stake in Indus, which would equate to a cash consideration of Rs. 51 billion7.
  • As of 30 June 2018, net debt was INR 1092 billion.

https://www.vodafoneidea.com/





Vodafone sells its mobile towers in India to American Tower

Vodafone India completed the sale of its standalone tower business in India to ATC Telecom Infrastructure Private Limited (a unit of American Tower) for an enterprise value of INR 38.5 billion (EUR 478 million).

Vodafone India is merging with Idea. Both parties announced their intention to sell their individual standalone tower businesses to strengthen the combined financial position of the merged entity. Completion of Idea’s sale of its standalone tower business to ATC is also expected in the first half of this calendar year.

Completion of Vodafone+Idea merger is expected to complete in the first half of the current calendar year.

  • In June, Idea Cellular Ltd. received approval from India's Department of Telecom to increase the Foreign Direct Investment (FDI) limit in the company to 100%. Previously, it faced a 67.5% limit.

NXP acquires OmniPHY for automotive Ethernet

NXP Semiconductors has acquired OmniPHY, a provider of automotive Ethernet subsystem technology. Financial terms were not disclosed.

NXP said OmniPHY's interface IP and communication technology along with NXP’s own automotive portfolio will form a “one-stop shop” for automotive Ethernet. The companies’ technology synergies will center on 1.25-28Gbps PHY designs and 10-, 100- and 1000BASE-T1 Ethernet in advanced processes.

“Our heritage in vehicle networks is rich and with our leadership positions in CAN, LIN, and FlexRay, we hold a unique viewpoint on automotive networks,” said Alexander E. Tan, vice president and general manager of Automotive Ethernet Solutions, NXP. “The team and technology from OmniPHY give us the missing piece in an extensive high-bandwidth networking portfolio.”

"We are very excited to join NXP – a leader in automotive electronics, for a front-row seat to the autonomous driving revolution, one that will deliver profound change to the way people live,” said Ritesh Saraf, CEO of OmniPHY. “The combination of our teams and technology will accelerate and advance the delivery of automotive Ethernet solutions providing our customers with high quality and world-class automotive Ethernet innovation."

Sunday, June 17, 2018

Wave Computing acquires MIPS Technologies

Wave Computing, a start-up based in Campbell, California that is focused on artificial intelligence (AI) and deep learning, has acquired MIPS Tech, Inc. (formerly MIPS Technologies). Financial terms were not disclosed.

MIPS, which was founded in 1984 by a group of researchers from Stanford University that included John L. Hennessy, in known as a pioneer RISC processor Intellectual Property (IP) and licensable CPU cores. MIPS holds over 350 worldwide patents and currently has over 200 licensees.

MIPS will operate as an IP business unit within Wave and will continue to license MIPS IP solutions that can now integrate Wave’s dataflow technology.

Wave said the acquisition expands its strategy of offering AI acceleration from the Datacenter to the Edge of Cloud by extending the company’s products beyond AI systems to now also include AI-enabled embedded solutions.

Dado Banatao, Chairman of Wave Computing and MIPS Technologies, said, “Now is the right time for Wave Computing to expand, and I am pleased to see the company further evolve and grow into an AI powerhouse. Wave’s integration of two industry-leading compute architectures in a single data plane/control plane solution – Dataflow and Von Neumann – will be truly unique and an industry-first. It will fuel new, ground-breaking innovations in AI and other fields.”

“This is a major milestone not only in the history of our two companies, but also for the AI compute industry,” said Derek Meyer, CEO of Wave Computing. “With working DPU commercial silicon and being in the final stages of bringing our first AI systems to market, now is the time for us to expand to the Edge of Cloud. The acquisition of MIPS allows us to combine technologies to create products that will deliver a single ‘Datacenter-to-Edge’ platform ideal for AI and deep learning. We’ve already received very strong and enthusiastic support from leading suppliers and strategic partners, as they affirm the value of data scientists being able to experiment, develop, test and deploy their neural networks on a common platform spanning to the Edge of Cloud.”

Alexander Stojanovic, Vice President of Machine Learning and Applied Research at eBay, said, “For AI-driven Datacenters, leveraging purpose-built platforms for high throughput and low latency workloads is a game changer. They offer the promise of faster time-to-revenue and greater competitive differentiation using some of the latest AI trends such as GAN and attention-based models for time series and natural language data. Combined with the ability to more quickly create deeper and more complex machine learning models, hyperscale- and enterprise-class companies will be able to better leverage AI as a fundamental part of their digital strategies.”





Thursday, June 14, 2018

AT&T completes its historic merger with Time Warner

AT&T completed its $85 billion acquisition of Time Warner Inc., bringing together global media and entertainment leaders Warner Bros., HBO and Turner with AT&T’s video, mobile and broadband networks.

“The content and creative talent at Warner Bros., HBO and Turner are first-rate. Combine all that with AT&T’s strengths in direct-to-consumer distribution, and we offer customers a differentiated, high-quality, mobile-first entertainment experience,” said Randall Stephenson, chairman and CEO of AT&T Inc. “We’re going to bring a fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers.”

Under the terms of the merger, Time Warner Inc. shareholders received 1.4 shares of AT&T common stock, in addition to $53.75 in cash, per share of Time Warner Inc. As a result, AT&T issued 1,185M shares of common stock and paid $42.5B in cash.

Including net debt from Time Warner, AT&T now has $180.4B in net debt.

AT&T's new corporate structure is as follows:

AT&T Communications provides mobile, broadband, video and other communications services to U.S.-based consumers and nearly 3.5 million companies – from the smallest business to nearly all the Fortune 1000 – with highly secure, smart solutions. Revenues from these services totaled more than $150 billion in 2017. John Donovan serves as CEO of AT&T Communications.

AT&T’s media business consists of HBO, Turner and Warner Bros. Together, these businesses had revenues of more than $31 billion in 2017. A new name for this business will be announced later. John Stankey serves as CEO of AT&T’s media business.

AT&T International provides mobile services in Mexico to consumers and businesses, plus pay-TV service across 11 countries in South America and the Caribbean. It had revenues of more than $8 billion in 2017.  Lori Lee serves as CEO of AT&T International and Global Marketing Officer of AT&T Inc.

AT&T’s advertising and analytics business provides marketers with advanced advertising solutions using valuable customer insights from AT&T’s TV, mobile and broadband services, combined with extensive ad inventory from Turner and AT&T’s pay-TV services. A name for this company will be announced in the future. Brian Lesser is CEO of AT&T’s ad and analytics business.

Monday, June 11, 2018

Splunk to acquire VictorOps for DevOps incident mgt - $120M

Splunk agreed to acquire VictorOps, which offers in DevOps incident management software, for approximately $120 million.

VictorOps, which is based in Boulder, Colorado, offers incident management software that features automated alerting, centralized information, and essential documentation.

“The combination of machine data analytics and artificial intelligence from Splunk with incident management from VictorOps creates a ‘Platform of Engagement’ that will help modern development teams innovate faster and deliver better customer experiences,” said Doug Merritt, President and CEO, Splunk. “This gives on-call technical staff an analytics-driven platform to monitor issues, resolve incidents and continuously improve. We are thrilled to welcome the VictorOps team to the Splunk family as we extend Splunk’s vision of using data as the backbone of IT.”

“We founded VictorOps to give teams a naturally collaborative way to quickly resolve incidents,” said Todd Vernon, CEO, VictorOps. “By combining VictorOps incident management capabilities and the Splunk platform, organizations will be able to quickly resolve and even help prevent issues that degrade customer engagement. We look forward to joining Splunk and working together to help solve these complex challenges facing every Development and DevOps team.”

Sunday, May 20, 2018

Oracle to acquire DataScience for centralized model development

Oracle agreed to acquire DataScience.com, whose platform centralizes data science tools, projects and infrastructure in a fully-governed workspace. Financial terms were not disclosed.

DataScience, which is based in Culver City, California, helps enterprises to organize work, easily access data and computing resources, and execute end-to-end model development workflows.

Oracle said it will use DataScience to provide customers with a single data science platform that leverages Oracle Cloud Infrastructure and the breadth of Oracle's integrated SaaS and PaaS offerings to help them realize the full potential of machine learning.

“Every organization is now exploring data science and machine learning as a key way to proactively develop competitive advantage, but the lack of comprehensive tooling and integrated machine learning capabilities can cause these projects to fall short,” said Amit Zavery, Executive Vice President of Oracle Cloud Platform, Oracle. “With the combination of Oracle and DataScience.com, customers will be able to harness a single data science platform to more effectively leverage machine learning and big data for predictive analysis and improved business results.”

“Data science requires a comprehensive platform to simplify operations and deliver value at scale,” said Ian Swanson, CEO of DataScience.com. “With DataScience.com, customers leverage a robust, easy-to-use platform that removes barriers to deploying valuable machine learning models in production. We are extremely enthusiastic about joining forces with Oracle’s leading cloud platform so customers can realize the benefits of their investments in data science.”

The founders of DataScience include Ian Swanson (previously founder and CEO of Sometrics, a virtual currency monetization platform acquired by American Express); Colin Schmidt (previously served vice president of engineering at online student loan management service Tuition.io, and as engineering lead at Sometrics); and Jonathan Beckhardt (previously led product management and analytics at Tuition.io and developed big data strategy at American Express).

Investors in Datascience included TenOneTen, Greycroft, Crosscut Ventures, and Pelion Venture Partners.

Thursday, May 17, 2018

Google Cloud acquires Cask for big data ingestion on-ramp

Google Cloud will acquire Cask Data Inc., a start-up based in Palo Alto, California, that offers a big data platform for enterprises. Financial terms were not disclosed.

The open source Cask Data Application Platform (CDAP) provides a data ingestion service that simplifies and automates the task of building, running, and managing data pipelines. Cask says it cuts down the time to production for data applications and data lakes by 80%. The idea is to provide a standardization and simplification layer that allows data portability across diverse environments, usability across diverse groups of users, and the security and governance needed in the enterprise.

Google said it plans to continue to develop and release new versions of the open source Cask Data Application Platform (CDAP).
a
“We’re thrilled to welcome the talented Cask team to Google Cloud, and are excited to work together to help make developers more productive with our data processing services both in the cloud and on-premise. We are committed to open source, and look forward to driving the CDAP project’s growth within the broader developer community,” stated William Vambenepe, Group Product Manager, Google Cloud

Over the past 6+ years, we have invested heavily in the open source CDAP available today and have deployed our technology with some of the largest enterprises in the world. We accomplished great things as a team, had tons of fun and learned so much over the years. We are extremely proud of what we’ve achieved with CDAP to date, and couldn’t be more excited about its future.

Cask was founded by Jonathan Gray and Nitin Motgi.


Tuesday, May 15, 2018

HPE to acquire Plexxi for hyperconverged switching

HPE agreed to acquire Plexxi, a developer of software-defined data fabric networking technology. Financial terms were not disclosed.

HPE said it intends to integrate Plexxi technology into its own hyperconverged solutions, where Plexxi will build on HPE's acquisition of SimpliVity last year.

Plexxi, which was founded in 2010 and is based in Nashua, NH, is a provider of Hyperconverged Networking (HCN) solutions. The company said its strength is in combining software-defined topologies and intent-based automation with workload and infrastructure awareness. Its portfolio includes:

  • PLEXXI CONNECT -- an event-based workflow automation platform for data centers. It drives the Plexxi fabric.
  • PLEXXI CONTROL -- workload-driven network fabric orchestration software for enterprise data centers. It offers full network management and visualization
  • PLEXXI SWITCHES -- a line of high-density 10/25/40/50/100GBE access switches offering up to 3.2 Tbps switching capacity in a 1 RU box.


Plexxi is headed by Rich Napolitano (CEO), who previously was head of EMC’s Unified Storage Division. Prior to EMC, Rich led both sales and engineering, and acted as both founder and venture capitalist across companies like Sun Microsystems, Pirus Networks, and Alchemy Angels. Plexxi was founded by Dave Husak (CTO) and co-founded by Mat Mathews (VP of Product Management).


  • In January 2016, Plexxi disclosed a strategic investment from GV (formerly Google Ventures). Other Plexxi investors have included Lightspeed Venture Partners, Matrix Partners and North Bridge Venture Partners.


HPE to Acquire SimpliVity for Hyperconverged Infrastructure Products

Hewlett Packard Enterprise agreed to acquire SimpliVity, a start-up offering software-defined, hyperconverged infrastructure, for $650 million in cash.

SimpliVity, which is privately held, was founded in 2009 and is headquartered in Westborough, MA. The company’s software-defined, hyperconverged infrastructure is designed from the ground up to meet the needs of enterprise customers who require on-premises technology infrastructure with enterprise-class performance, data protection, and resiliency, at cloud economics.

HPE said the SimpliVity portfolio enables it offer a rich set of enterprise data services across hyperconverged, 3PAR storage, composable infrastructure and multi-cloud offerings.

“This transaction expands HPE’s software-defined capability and fits squarely within our strategy to make Hybrid IT simple for customers,” said Meg Whitman, President and CEO, Hewlett Packard Enterprise.  “More and more customers are looking for solutions that bring them secure, highly resilient, on-premises infrastructure at cloud economics.  That’s exactly where we’re focused.”

Monday, May 14, 2018

Molex acquires BittWare for FPGA-based platforms

Molex has acquired BittWare, a provider of computing systems featuring field-programmable gate arrays (FPGAs) deployed in data center compute and network packet processing applications. Financial terms were not disclosed.

Bittware, which is based in Concord, NH, provides solutions based on FPGA technology from Intel (formerly Altera) and Xilinx. BittWare FPGA solutions are used in compute and data center, military and aerospace, government, instrumentation and test, financial services, broadcast and video applications. BittWare serves original equipment manufacture (OEM) customers.

“FPGA-based platforms have become a strategically important driver of machine learning, artificial intelligence, cybersecurity, network acceleration, IoT, and other megatrends. As a Molex subsidiary, now working with Nallatech, I believe we will have the critical mass to bring new resources, better processes, and economies of scale to our valued customers and this rapidly growing industry as a whole,” said Jeff Milrod, president and CEO of BittWare.

Monday, May 7, 2018

Nokia acquires SpaceTime for IoT software

Nokia has acquired SpaceTime Insight, a start-up based in San Mateo, California with offices in Canada, UK, India, and Japan, specializing in IoT analytics. Financial terms were not disclosed.

SpaceTime Insight provides machine learning-powered analytics and IoT applications. Its machine learning models and other advanced analytics, designed specifically for asset-intensive industries, predict asset health with a high degree of accuracy and optimize related operations. The company said customers include some of the world's largest transportation, energy and utilities organizations, including Entergy, FedEx, NextEra Energy, Singapore Power and Union Pacific Railroad.

Nokia said the acquisition expands its Internet of Things (IoT) portfolio and IoT analytics capabilities, and accelerates the development of new IoT applications for key vertical markets.

Bhaskar Gorti, president of Nokia Software, said: "Adding SpaceTime to Nokia Software is a strong step forward in our strategy, and will help us deliver a new class of intelligent solutions to meet the demands of an increasingly interconnected world. Together, we can empower customers to realize the full value of their people, processes and assets, and enable them to deliver rich, world-class digital experiences."


Tuesday, May 1, 2018

Cisco divests its Service Provider Video Software business

Cisco agreed to sell its Service Provider Video Software Solutions (SPVSS) business to a company backed by the Permira Funds. Financial terms were not disclosed.

Permira Funds will create a new, rebranded company focused on developing and delivering video solutions for the Pay-TV industry. The new company's portfolio includes Cisco's Infinite Video Platform, cloud digital video recording, video processing, video security, video middleware, and services groups. Dr. Abe Peled, former Chairman and CEO of NDS and adviser to the Permira Funds, will serve as Chairman of the new company.

Cisco will retain the video and media technology related to its core business in networking, multi-cloud, security, data, and collaboration.

"This is a unique opportunity to lead and shape the video industry during its transition with the flexibility as a private company," said Dr. Peled. "The new company will have the scale, technology innovation, and world-class team to deliver outstanding go-to-market execution, customer engagement, and new end-user experiences.  Cisco has built a profitable business in the video space with innovations to capitalize on IP distribution and cloud-based services. These combined assets provide a significant new opportunity for the new company."

Cisco's 'Videoscape Unity' TV Platform -- Streaming Under the Cloud

Cisco introduced its "Videoscape Unity" TV Platform featuring a multiscreen cloud digital video recorder (DVR), which enables consumers to restart shows, catch up on past programs, and play back DVR-captured content from anywhere, on any screen.

Videoscape Unity, which is designed for service providers and media companies, is an open software platform that was created by combining the assets of NDS (which Cisco acquired last year ) with its own Videoscape portfolio.  The new platform comprises a set of cloud, network and client based components, connected by open interfaces.  Some pre-integrated components include:
  • Multiscreen Cloud DVR: Offers cloud-driven video recording with capture and storage in the cloud instead of the end device. Consumers can restart shows, catch up on past programs, and play back DVR-captured content from anywhere, on any screen.
  • Video Everywhere: Broadens the TV Everywhere proposition with unified search, discovery, and viewing functions to allow consumers to watch premium live and on-demand content on any (service provider managed or unmanaged) connected device regardless of location.
  • Connected Video to Any Device in the Home: Cisco's Connected Video Gateway serves as a single entertainment hub, with back-end management of IP and QAM video, for distributing video content and metadata to any IP-connected device in the home, while providing a unified user experience. 
  • IP Video over Cable: Gives consumers expanded choice of content and IP video services, with faster delivery of on-demand and interactive offerings, across a wider range of service provider managed devices - with the flexibility to add unmanaged devices.

Cisco said a key advantage of Videoscape Unity is that the cloud can now be used "to power personalized video services and enable multiple screens to be synchronized to create a single unified experience for the subscriber, so things look and feel the same no matter what device they use."

Significantly, Cisco is offering Videoscape "as a service," allowing operators to have Cisco build, monitor, operate and even host their video infrastructures.

http://www.cisco.com/en/US/netsol/ns1043/networking_solutions_market_segment_solution.html


  • In March 2012, Cisco agreed to acquire NDS Group in a deal valued at approximately $5 billion. NDS, which was owned by News Corp.(49%) and Permira private equity (51%), developed video software and content security for media companies, cable & satellite TV operators and IPTV service providers. Key products included its MediaHighway Set-top Box middleware software, its "XTV" Digital Video Recorder software, its "Snowflake" electronic program guide (EPG), and its "VideoGuard CA" and "VideoGuard Connect" digital rights management system.  NDS customers include some of the largest cable, satellite and broadband pay-TV operators, including Astro, Bharti, BSkyB, Canal Plus, China Central Television ("CCTV"), Cox, DIRECTV, Kabel Deutschland, Sky Deutschland, Sky Italia, TataSky, UPC and Vodafone. The company notes that a significant portion of its business is recurring, with long-term contracts, typically with an average duration of approximately five years. NDS, which is based in the U.K., has approximately 5,000 employees with facilities in Israel, France, India and China.

  • In January 2011, Cisco's John Chambers outlined a new "Videoscape" portfolio of five major product families aimed at "transforming the TV experience." From the outset, the goal was to work with Service Providers to allow any device over any network to access any content to which they are entitled. Cisco Videoscape would enable service providers to monetize activities outside their own network or traditional device footprints.  A key facet of Videoscape is about delivering a consistent interface across multiple devices, while providing a universal guide and search capabilities across all content sources. This requires building capabilities into the service provider's video back-office using APIs extending across content management systems and virtualized storage. The capabilities would be social network-aware and open to advertising opportunities.

Cisco to acquire Accompany for $270 million

Cisco, agreed to acquire Accompany, a start-up developing an AI-driven relationship intelligence platform, for $270 million in cash.

Accompany, which is based in Los Altos, California, offers business insights for finding new prospects, navigating the selling process, and strengthening relationships. Accompany Founder and CEO Amy Chang will join Cisco as senior vice president in charge of the Collaboration Technology Group. Chang, who has served as a member of Cisco's Board of Directors since October 2016, has in conjunction with the transaction resigned from the Cisco Board of Directors.

Cisco said the acquisition will enable it to take collaboration to the next level with even more intelligence. Accompany's AI technology and talent will help Cisco accelerate priority areas across its collaboration portfolio, such as providing user and company profile data in Webex meetings. Together, Cisco and Accompany will continue to power the future of work in a smarter way to enhance customer experiences.

"Amy has proven to be an effective and innovative leader through her years as an entrepreneur, an engineer, and CEO, and I couldn't be more pleased to have her and the Accompany team join Cisco," said Chuck Robbins, Cisco chairman and CEO. "Together, we have a tremendous opportunity to further enhance AI and machine learning capabilities in our collaboration portfolio and continue to create amazing collaboration experiences for customers."

"I am thrilled with the opportunity to join Cisco and the industry's leading collaboration team," said Amy Chang, Accompany founder and CEO. "Enterprise applications are rapidly becoming more intelligent and augmented with data and pertinent information in real-time. By combining Accompany's relationship intelligence capability with Cisco's award-winning collaboration product portfolio, customers will be able to more intelligently collaborate with employees, customers and partners."

In addition, Cisco announced that Rowan Trollope, current senior vice president and general manager of the Collaboration Technology Group, is leaving Cisco to become CEO at another company effective May 3.

In December 2016, Accompany raised $20 million in funding in a round led by Ignition Partners and participation from CRV. This brought total funding to $40 million.

Saturday, April 28, 2018

Bharti Infratel and Indus Towers to merge

Bharti Infratel and Indus Towers have agreed to combine their operations and properties into a pan-India company with over 163,000 towers across all 22 of the nation's telecom service areas. Indus Towers currently operates in 15 telecom service areas (“Circles”) and Bharti Infratel’s operations are focused on the remaining 7 Circles.

The combined company, which will use the name Indus Towers Limited and be listed on the Indian stock exchanges, will be the largest tower company in the world outside of China.

Indus Towers is currently jointly owned by Bharti Infratel (42%), Vodafone (42%), Idea Group (11.15%) and Providence (4.85%). It is intended that Idea Group will sell its 11.15% shareholding for cash concurrent with the completion of the deal. Vodafone will be issued with 783.1m new shares in the combined company, in exchange for its 42% shareholding in Indus Towers.


Friday, April 27, 2018

Private investors to acquire Mitel

An investor group led by affiliates of Searchlight Capital Partners has agreed to acquire Mitel for approximately $2.0 billion in cash, including Mitel’s net debt.

Mitel shareholders will receive $11.15 per common share in cash, representing a premium of approximately 24% to the 90-calendar-day volume-weighted average price of Mitel common shares through April 23, 2018. 

Upon completion of the transaction, Mitel will become a privately held company.

Terry Matthews, Mitel Co-founder and Chairman, said, “Mitel has succeeded for 45 years because of persistent innovation and relentless focus on delivering shareholder value. Our Board determined that this transaction, upon closing, will deliver immediate, significant and certain cash value to our shareholders. It also affirms the tremendous value and market leadership of Mitel. We believe this transaction will provide Mitel with additional flexibility as a private company to pursue the company’s move-to-the-cloud strategy.”

Tuesday, April 24, 2018

ZenFi Networks and Cross River Fiber to merge

ZenFi Networks, which operates a high fiber count network across all five boroughs of the City of New York, will merge with Cross River Fiber, which operates high-capacity and latency-sensitive fiber optic backbone spans throughout New Jersey and New York. The deal will create a leading communications infrastructure provider in the New York and New Jersey metro areas with more than 700 route miles of fiber optic network, 130 on-net buildings, 49 colocation facilities and 1,700 outdoor wireless locations with more than 3,000 under contract.  Financial terms were not disclosed.

“The merger of ZenFi Networks and Cross River Fiber allows us to scale our communications infrastructure portfolio across the region, providing a robust fiber and colocation platform enabling the deployment of a wide range of digital services by mobile network operators, telecommunications service providers and large enterprises,” says Ray LaChance, CEO of ZenFi Networks. “The combination enhances our network reach, deepens our product portfolio, and delivers a next generation network infrastructure that is the foundation of tomorrow’s communications networks. In addition, our partnership with Ridgemont Equity Partners further strengthens ZenFi Network’s financial position by providing access to additional capital to continue to deliver on our vision of building the most pervasive and high capacity connectivity platform in the region.

“While both companies have achieved great success to date, as a combined business, our geographic footprint and product capabilities are greatly expanded,” says Vincenzo Clemente, CEO of Cross River Fiber. “We can now offer custom telecommunications solutions in New York, New Jersey and beyond to more wireless mobility, carrier and enterprise customers than ever before. Our teams are cut from the same cloth – we’re both builders and owners of purpose-built fiber optic networks and wireless infrastructure – and together we will provide that cutting-edge network architecture of both fiber and wireless services to an even bigger customer base.”


Sunday, April 22, 2018

Alibaba acquires C-SKY Microsystems for embedded IoT CPUs

Alibaba has acquired Hangzhou Zhongtian Microsystem Co. (C-SKY Microsystems, a leading developer of embedded CPUs, for an undisclosed sum.

C-SKY, which was founded in 2001 and is based in Hangzhou's Hi-Tech Zone, offers a series of 32-bit "C-SKY" embedded CPU cores based on independent intellectual property rights. The chips are widely used in Internet of Things intelligent hardware, digital audio and video, information security, networking and communications, industrial control, and automotive electronics.


Saturday, April 21, 2018

Silicon Labs acquires Sigma Design's Z-Wave (G.9959) business for $240M

Silicon Labs has acquired Sigma Designs' Z-Wave business, including a team of approximately 100 employees, for $240 million in an all-cash transaction.

Z-Wave mesh networking technology based on the open, internationally recognized ITU standard (G.9959).0 More than 2,400 certified, interoperable Z-Wave devices are available from the thriving Z-Wave Alliance of more than 700 manufacturers and service providers worldwide.

Silicon Labs said the deal complements its wireless hardware and software portfolio for the smart home, which includes Wi-Fi, Zigbee, Thread, Bluetooth and proprietary protocols.

"Adding Z-Wave to Silicon Labs' extensive IoT connectivity portfolio allows us to deliver a unified vision for the wireless technologies underpinning the smart home market," said Tyson Tuttle, CEO of Silicon Labs. "A secure, interoperable customer experience is at the heart of how smart home products are designed, deployed and managed. Our smart home vision is one where multiple technologies work securely together, where any device using any of our connectivity options easily joins the home network, and where security updates and feature upgrades occur automatically."

"Together, Silicon Labs and the Z-Wave Alliance and its ecosystems will continue to advance the Z-Wave technology roadmap, delivering innovations that engage millions of smart home product users," said Raoul Wijgergangs, Vice President and General Manager of Z-Wave. "Z-Wave is a proven, broadly deployed technology that just reached the milestone of 100 million devices in the market. The acquisition will drive collaboration and expand access to a diverse ecosystem network of partners including Amazon, Alarm.com, ADT, Samsung SmartThings, Yale, Vivint, Google Home and Comcast."

Tuesday, April 10, 2018

Palo Alto Networks to acquire Secd for Endpoint security

Palo Alto Networks agreed to acquire Israel-based Secdo, a supplier of endpoint security solutions. Financial terms were not disclosed.

Secdo's patented technology uses assisted learning combined with the only thread-level visibility to automatically investigate and respond to every alert from any security technology.

Palo Alto Networks said the acquisition brings sophisticated endpoint detection and response, or EDR, capabilities – including unique data collection and visualization – to its own "Traps" advanced endpoint protection and the Application Framework in order to enhance their ability to rapidly detect and stop even the stealthiest attacks.

"We believe security operations teams need the most advanced and consistent approach to endpoint security. With Secdo's EDR capabilities as part of our platform, we will accelerate our ability to detect and prevent successful cyberattacks across the cloud, endpoint, and network," stated Mark McLaughlin, chairman and CEO of Palo Alto Networks.

"We are delighted to join the Palo Alto Networks team. We founded Secdo to dramatically increase visibility for security operations teams to reduce the time it takes to detect and respond to an alert. The combined capabilities of Secdo and Palo Alto Networks will provide customers the capabilities they need to swiftly and accurately detect and respond to cyberattacks," said Shai Morag, co-founder and CEO of Secdo.
om.

Tuesday, April 3, 2018

Vodafone sells its mobile towers in India to American Tower

Vodafone India completed the sale of its standalone tower business in India to ATC Telecom Infrastructure Private Limited (a unit of American Tower) for an enterprise value of INR 38.5 billion (EUR 478 million).

Vodafone India is merging with Idea. Both parties announced their intention to sell their individual standalone tower businesses to strengthen the combined financial position of the merged entity. Completion of Idea’s sale of its standalone tower business to ATC is also expected in the first half of this calendar year.

Completion of Vodafone+Idea merger is expected to complete in the first half of the current calendar year.

Monday, April 2, 2018

Qualys acquires software assets of 1Mobility, Singapore

Qualys, which specializes in cloud-based security and compliance, has acquired the software assets of 1Mobility, Singapore. Financial terms were not disclosed.

Qualys said the acquisition enables it to provide enterprises of all sizes with the ability to create and continuously update an inventory of mobile devices on all versions of Android, iOS and Windows Mobile in their environment; and to continuously assess their security and compliance posture, while quarantining devices that are compromised or out-of-compliance. It also allows Qualys to extend its PCI certification to mobile devices and to deliver a highly scalable Enterprise Mobility Management (EMM) solution that permits the distribution of apps and security policies over the air (OTA) to corporate or employee-owned devices (BYOD).

"With the acquisition of 1Mobility, Qualys is uniquely positioned to provide visibility across on-premises, endpoints, cloud(s) and now mobile and IoT environments," said Philippe Courtot, chairman and CEO, Qualys, Inc. "This is critical as companies are accelerating their digital transformation and looking at ways to consolidate their current security and compliance stack while expanding their mobile workforce. 1Mobility has built a comprehensive and well-architected technology that allows organizations to manage and secure mobile and IoT devices at scale, and we welcome them to the Qualys family."

See also