Showing posts with label Mergers and Acquisitions. Show all posts
Showing posts with label Mergers and Acquisitions. Show all posts

Wednesday, December 1, 2021

8x8 to acquire Fuze for cloud communications

8x8 agreed to acquire Fuze, a provider of cloud-based communications for the enterprise, for approximately $250 million in stock and cash.

Fuze has global operations dedicated to a seamless customer experience between unified communications and contact center. Fuze is based in Boston.

8x8, which is based in Campbell, California, said the deal will accelerate its XCaaS (eXperience Communications as a Service) innovation and expand its enterprise customer base and global presence. 

“The migration to cloud-based communications and engagement is accelerating as organizations worldwide shift to hybrid work models, creating a multi-billion dollar opportunity,” said Dave Sipes, CEO at 8x8. "Our XCaaS strategy is defining and shaping the future of the cloud communications industry as we drive innovation to help our customers meet their changing business requirements. The acquisition of Fuze expands our operational scale and extends our global presence as we meet enterprise demand for our XCaaS integrated UCaaS and CCaaS solution.”

“Enterprise customers recognize the importance of an integrated UCaaS and CCaaS solution. 8x8’s industry-leading XCaaS solution for an integrated employee and customer experience enables customers to advance their cloud transformation efforts as they move off legacy on-premises systems,” said Brian Day, CEO of Fuze. “Combining resources and expertise with 8x8 is a natural fit, bringing with it needed scale and accelerating the pace of product innovation with differentiated solutions that capitalize on this massive opportunity, all of which will serve to benefit our enterprise customer base.”

https://www.fuze.com/blog/next-chapter


Tuesday, November 23, 2021

Verizon completes acquisition of TracFone for prepaid customers

 Following regulatory approval from the FCC, Verizon completed its $6 billion acquisition of TracFone, the largest reseller of wireless services in the U.S., serving approximately 20 million subscribers through a network of over 90,000 retail locations nationwide. The deal positions Verizon as the leading pre-paid, value and premium wireless carrier.

Verizon paid  Mexico-based América Móvil a closing consideration of US$3.125 billion in cash, subject to customary adjustments, and 57,596,544 shares of Verizon stock. Subject to TracFone continuing to achieve certain operating metrics, Verizon shall pay up to an additional US$650 million cash consideration.


Tracfone has been longtime partner of Verizon and there are currently more than 13 million TracFone subscribers on Verizon’s wireless network through an existing wholesale agreement. The remaining Tracfone customers are served by through other carriers.

“We’re thrilled to welcome TracFone and its employees to the Verizon family and look forward to bringing new products and enhanced services to this attractive segment of the market. Our new premium and value customer base will benefit from the combined organization's offerings—now and in the future,” said Ronan Dunne, CEO, Verizon Consumer Group. “The addition of the TracFone brands firmly establishes Verizon as the provider of choice in the value segment, which complements our clear leadership in the premium segment,” he added.

“For over 25 years, TracFone Wireless, Inc. has provided wireless solutions to value-conscious consumers,” said Eduardo Diaz Corona, CEO TracFone Wireless, Inc. “With the power of Verizon, we will be able to bring innovative offerings and better value to market quicker, allowing us to further our purpose to deliver Coverage & Access For All.” 

https://www.verizon.com/about/news/verizon-completes-tracfone-wireless-inc-acquisition

Monday, November 22, 2021

Ericsson to acquire Vonage for its cloud communications platform

Ericsson agreed to acquire Vonage, one of the earliest developers of a commercial VoIP service, for US$6.2 billion in cash.

Vonage traces its roots to 1998 when Jeff Pulver established Min-X.com as a VoIP exchange. In 2001, the company changed its name to Vonage and launched a commercial VoIP services aimed at consumers. Vonage went public in 2006. Vonage is headquartered in Holmdel, New Jersey and has 2,200 employees throughout the United States, EMEA and APAC.

Currently, the cloud-based Vonage Communications Platform (VCP) serves over 120,000 customers and more than one million registered developers globally. The API platform within VCP allows developers to embed high quality communications - including messaging, voice and video - into applications and products, without back-end infrastructure or interfaces. Vonage also provides Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions as part of the Vonage Communications Platform.

Sales were US$1.4 billion in the 12-month period to 30 September 2021, and over the same period, Vonage delivered an adjusted EBITDA margin of 14% and free cash flow of US$109 million.

VCP accounts for approximately 80% of Vonage’s current revenues and delivered revenue growth in excess of 20% in the three-year period to 2020, with adjusted EBITDA margins moving from -19% in 2018 to break-even in the 12-month period to 30 September 2021. Vonage’s management team projects annual growth of over 20% for VCP in the coming years.


Ericsson said the deal accelerates its strategy to expand its presence in wireless enterprise and broaden its global offerings.

Börje Ekholm, President and CEO of Ericsson, says: “The core of our strategy is to build leading mobile networks through technology leadership. This provides the foundation to build an enterprise business. The acquisition of Vonage is the next step in delivering on that strategic priority. Vonage gives us a platform to help our customers monetize the investments in the network, benefitting developers and businesses. Imagine putting the power and capabilities of 5G, the biggest global innovation platform, at the fingertips of developers. Then back it with Vonage’s advanced capabilities, in a world of 8 billion connected devices. Today we are making that possible.”

“Today Network APIs are an established market for messaging, voice and video, but with a significant potential to capitalise on new 4G and 5G capabilities. Vonage’s strong developer ecosystem will get access to 4G and 5G network APIs, exposed in a simple and globally unified way. This will allow them to develop new innovative global offerings. Communication Service Providers will be able to better monetize their investments in network infrastructure by creating new API driven revenues. Finally, businesses will benefit from the 5G performance, impacting operational performance, and share in new value coming from sapplications on top of the network.”

Rory Read, CEO of Vonage, says: “Ericsson and Vonage have a shared ambition to accelerate our long-term growth strategy. The convergence of the internet, mobility, the cloud and powerful 5G networks are forming the digital transformation and intelligent communications wave, which is driving a secular change in the way businesses operate. The combination of our two companies offers exciting opportunities for customers, partners, developers and team members to capture this next wave.”

On completion, Vonage will become a wholly owned subsidiary of Ericsson and will continue to operate under its existing name. It will be reported as a separate segment in Ericsson accounts. 


Ericsson acquires Cradlepoint for $1.1 billion

Ericsson has acquired privately-held Cradlepoint, a provider of Wireless Edge WAN 4G and 5G Enterprise solutions, for US$1.1 billion.

Cradlepoint operates a subscription-based cloud platform that uses wireless edge routers designed to connect fixed and mobile sites, vehicles, field forces, and loT devices over LTE and 5G. The service hepls enterprises connect branch, mobile and IoT endpoints on one WAN. Cradlepoint, which is based in Boise, Idaho, will become a fully owned subsidiary of Ericsson while continuing to operate under its existing brand and be part of Ericsson’s Business Area Technologies & New Businesses. Cradlepoint currently has more than 650 employees. The company was founded in 2006.  In addition to its headquarters in Boise, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia.

Ericsson said the acquisition advances its ongoing mission to capture market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.

Cradlepoint’s sales for 2019 were SEK 1.2 b. with a gross margin of 61%. Ericsson’s operating margins are expected to be negatively impacted by approximately 1% in 2021 and 2022 - where half is related to amortization of intangible assets which arise from the acquisition. Cradlepoint is expected to contribute to operating cash-flow starting in 2022. Ericsson’s 2022 group financial targets remain unchanged. 

Monday, November 15, 2021

American Tower to buy CoreSite for $10B

American Tower agreed to acquire CoreSite for $170.00 per share in cash, an enterprise value of $10.1 billion when including the assumption and/or repayment of CoreSite’s existing debt.

CoreSite, which as of Q3 2021 consisted of 25 data centers, 21 cloud on-ramps and over 32,000 interconnections in eight major U.S. markets, generated annualized revenue and Adjusted EBITDA of $655 million and $343 million, respectively, in Q3 2021. CoreSite has averaged double-digit annual revenue growth over the past five years.

American Tower said it expects to leverage its strong financial position to further accelerate CoreSite’s attractive development pipeline in the U.S., while also evaluating the potential for international expansion in the data center space. The acquisition is also expected to be transformative for American Tower’s mobile edge compute business in advance of the proliferation of 5G low-latency applications throughout the cloud, enterprise and network ecosystems, establishing a converged communications and computing infrastructure offering with distributed points of presence across multiple edge layers. 

Tom Bartlett, American Tower’s Chief Executive Officer stated, “We are in the early stages of a cloud-based, connected and globally distributed digital transformation that will evolve over the next decade and beyond. We expect the combination of our leading global distributed real estate portfolio and CoreSite’s high quality, interconnection-focused data center business to help position American Tower to lead in the 5G world. As the convergence of wireless and wireline networks accelerates and classes of communications infrastructure further align, we anticipate the emergence of attractive value creation opportunities within the digital infrastructure ecosystem. We look forward to welcoming CoreSite’s talented team to American Tower and working together to capitalize on those opportunities to drive enhanced long-term value creation for our customers and shareholders as we continue to connect billions of people across the globe.”

CoreSite’s Chief Executive Officer, Paul Szurek, stated, “We are excited to partner with American Tower to expand its communications infrastructure ecosystem and accelerate its edge computing strategy through the addition of CoreSite’s differentiated portfolio of U.S. metro data center campuses. The combined company will be ideally positioned to address the growing need for convergence between mobile network providers, cloud service providers, and other digital platforms as 5G deployments emerge and evolve. In addition, we expect the enhanced scale and further geographic reach to provide a platform for the combined company to accelerate its growth trajectory and expand into additional U.S. metro areas, as well as internationally, leveraging American Tower’s extensive presence across the globe. CoreSite’s outstanding team, interconnection platform and data center campus portfolio are a highly complementary fit with American Tower’s existing communications sites, and we believe this partnership delivers significant value to CoreSite’s stockholders and will create an exciting new chapter for our customers, employees and partners.”

American Tower intends to finance the transaction in a manner consistent with maintaining its investment grade credit rating and has obtained committed financing from J.P. Morgan. 




Thursday, September 30, 2021

Zoom and Five9 cancel merger

Five9 and Zoom Video Communications mutually agreed to cancel their pending merger. 

The agreement did not receive the requisite number of votes from Five9 shareholders to approve the merger with Zoom. Five9 will continue to operate as a standalone publicly traded company.

Zoom and Five9 will continue the partnership that was in place prior to the announcement, which includes support for integrations between their respective Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions and joint go-to-market efforts.

http://investors.five9.com


Zoom to acquire Five9 for cloud contact center as a service

 Zoom Video Communications agreed to acquire Five9, an intelligent cloud contact center provider, in an all-stock transaction valued at approximately $14.7 billion based on the closing price of Zoom common stock on July 16, 2021. Five9 stockholders will receive 0.5533 shares of Class A common stock of Zoom Video Communications, Inc. for each share of Five9.

The deal combines Five9’s Contact Center as a Service (CCaaS) solution with Zoom’s broad communications platform. Five9, which is based in San Ramon, California, reports $478 million in LTM revenue and 796 upmarket/enterprise customers.

Zooms says the acquisition will broaden its total addressable opportunities to include the $24 billion contact center market. Revenue for the first quarter of 2021 increased 45% to a record $137.9 million, compared to $95.1 million for the first quarter of 2020. GAAP gross margin was 56.6% for the first quarter of 2021, compared to 57.9% for the first quarter of 2020. 

Five9's cloud contact center offers a suite of applications that allows management and optimization of customer interactions across many different channels.

“We are continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to our customers,” said Eric S. Yuan, Chief Executive Officer and Founder of Zoom. “Zoom is built on a core belief that robust and reliable communications technology enables interactions that build greater empathy and trust, and we believe that holds particularly true for customer engagement. Enterprises communicate with their customers primarily through the contact center, and we believe this acquisition creates a leading customer engagement platform that will help redefine how companies of all sizes connect with their customers. We are thrilled to join forces with the Five9 team, and I look forward to welcoming them to the Zoom family.”

“Businesses spend significant resources annually on their contact centers, but still struggle to deliver a seamless experience for their customers,” said Rowan Trollope, Chief Executive Officer of Five9. “It has always been Five9’s mission to make it easy for businesses to fix that problem and engage with their customers in a more meaningful and efficient way. Joining forces with Zoom will provide Five9’s business customers access to best-of-breed solutions, particularly Zoom Phone, that will enable them to realize more value and deliver real results for their business. ”

Following the close of the transaction, Five9 will be an operating unit of Zoom and Rowan Trollope will become a President of Zoom and continue as CEO of Five9, reporting to Eric Yuan.

  • Rowan Trollope joined Five9 as CEO in May 2018. Previously, he was SVP and General Manager of Cisco’s Applications Group and a member of the executive leadership team. Prior to Cisco, at Symantec Rowan was Group President Sales, Marketing, and Product Development, responsible for cloud security and the SMB market. 

Tuesday, September 7, 2021

Cincinnati Bell acquired by private equity firm for $2.9 billion

Cincinnati Bell, which provides residential and business services over its fiber and copper networks in areas of Ohio, Kentucky, Indiana and Hawai’i, has been acquired by  Macquarie Infrastructure Partners V, an Americas-focused unlisted infrastructure fund managed by Macquarie Asset Management for $2.9 billion.

Cincinnati Bell says the transaction will accelerate its fiber build across its operating footprint, and support strategic investments in the company’s IT Services businesses throughout North America.

Anton Moldan, Senior Managing Director with MAM, said that Cincinnati Bell’s expansion plans will play an essential role in building digital equity within their service territories.

"We are incredibly excited to partner with the experienced management team at Cincinnati Bell to continue to build out a high bandwidth fiber to the premise network for consumers, enterprises, and carriers, as well as to support the growth of their market leading IT services platform,” Moldan said. “Cincinnati Bell provides the communities they serve with vital network connectivity, and we’re looking forward to supporting their expansion plans to bring fiber throughout their market.”

Thursday, September 2, 2021

indie Semi to acquire TeraXion

indie Semiconductor agreed to acquire TeraXion, a supplier of photonic components, including low noise lasers, Bragg gratings and integrated photonic elements to address high-performance applications, for approximately US$159 million, comprised of US$80 million in cash plus a fixed number of eight million indie Class A common shares, based on share prices on 30-Aug-2021. 

TeraXion is an optical sensing reference design partner of indie, supporting next-generation Frequency Modulated Continuous Wave (FMCW) systems for automotive light detection and ranging (LiDAR).  

indie said the acquisition will advance its vision of becoming a semiconductor and software level solutions provider for multiple sensor modalities spanning advanced driver-assistance systems (ADAS) and autonomous vehicles.

“Given the critical role LiDAR plays in achieving maximum levels of safety for assisted and self-driving cars, we are excited to welcome TeraXion’s world class design team and integrate their differentiated IP and product portfolio,” said Donald McClymont, indie’s co-founder and chief executive officer.  “Specifically, TeraXion has developed leadership laser technologies that, when optimized together with our SoC solutions, enable order of magnitude improvements in both system performance and cost.  Accordingly, this highly synergistic combination built on a shared vision and strong cultural fit, positions indie to accelerate mass market deployments of LiDAR platforms.”   

“TeraXion is thrilled to be joining forces with indie to take our business to the next level,” said Ghislain Lafrance, TeraXion’s president and chief executive officer.  “By combining indie’s mixed-signal, DSP, software and power management experience with our laser and sensing technologies, together we intend to enable truly unparalleled solutions for ADAS and autonomous driving as well as adjacent high reliability applications.”  Mr. Lafrance plans to join indie’s senior management team and continue to lead TeraXion’s operations in Quebec.


Wednesday, September 1, 2021

HPE completes acquisition of Zerto for cloud data management


Hewlett Packard Enterprise (HPE) completed its previously-announced acquisition of Zerto, an industry leader in cloud data management and protection, for $374 million. 

HPE said the acquisition immediately positions the HPE GreenLake edge-to-cloud platform in the high-growth data protection market with a proven solution and further propels HPE’s storage business into a cloud-native, software-defined data services business.

“Data is the most critical asset and is essential to operate in this new digital economy,” said Tom Black, Senior Vice President and General Manager of HPE Storage. “Our customers continue to face complexity in managing and protecting their data. Zerto’s best-in-class talent and technology expands HPE’s data management and disaster recovery capabilities, giving customers the ability to protect their data and recover in minutes from ransomware attacks. We are thrilled to welcome Zerto to the HPE family. Together, we will accelerate innovation and scale these offerings to help our customers manage and protect their data from edge to cloud.”

HPE also noted that Zerto’s cloud data management and protection software will remain available as a standalone service and will be available as a service through the HPE GreenLake platform and the Data Services Cloud Console. Its journal-based continuous data protection technology includes disaster recovery, backup, and data mobility in a single, simple cloud data management and protection software solution that spans on-premises, hybrid, and multi-cloud environments.


Monday, August 30, 2021

Renesas completes acquisition of Dialog Semi

Renesas Electronics completed its previously announced acquisition of Dialog Semiconductor Plc.  Renesas will fund the cash consideration payable to Dialog shareholders of approximately EUR 4.8 billion (approximately 624.0 billion yen at an exchange rate of 130 yen to the Euro) through a combination of debt, cash on hand and the proceeds of an equity offering of approximately 222.6 billion yen 

Dialog, which is based in Reading, UK, is provider of highly-integrated and power-efficient mixed-signal ICs used in IoT, consumer electronics and high-growth segments of automotive and industrial end-markets. Dialog brings a wide range of product offerings including battery and power management, power conversion, configurable mixed-signal (CMIC), LED drivers, custom mixed-signal ICs (ASICs), and automotive power management ICs (PMICs), wireless charging technology, and more. Dialog also offers broad and differentiated BLE, WiFi and audio system-on-chips (SoCs) that deliver advanced connectivity for a wide range of applications; from smart home/building automation, wearables, to connected medical. All these systems complement and expand Renesas’ leadership portfolio in delivering comprehensive solutions to improve performance and efficiency in high-computing electronic systems. Dialog was founded in 1981 and has 2,300 employees.

“Today represents an important milestone for Renesas. This transaction builds on our long-term strategy to offer a complete set of solutions with more leading-edge analog and mixed signal products that deliver value and innovation to the customers,” said Hidetoshi Shibata, President & CEO of Renesas. 



https://www.renesas.com/br/en/document/ppt/renesas-and-dialog-zoom-webinar-presentation-material


Renesas to acquire Integrated Device Technology for $6.7 billion

Renesas Electronics Corporation of Japan has agreed to acquire Integrated Device Technology (IDT, NASDAQ: IDTI) for approximately US$6.7 billion (approximately 733.0 billion yen at an exchange rate of 110 yen to the dollar), combing two recognized leaders in embedded processors and analog mixed-signal semiconductors. IDT shares are to be acquired at a price of US$49.00 per share. IDT, which is based in San Jose, California, is a leading supplier...

Renesas Electronics Corporation agreed to acquire Intersil for US$22.50 per share in cash, representing an aggregate equity value of approximately US$3.2 billion (approximately 321.9 billion yen at an exchange rate of 100 yen to the dollar). Renesas supplies microcontroller (MCU) and system-on-chip (SoC) products and technologies.  Intersil specializes in power management and precision analog capabilities. The acquisition is also expected...

Thursday, August 26, 2021

Analog Devices completes acquisition of Maxim

Analog Devices completed its previously announced acquisition of Maxim Integrated Products in an all-stock transaction that values the combined enterprise at over $68 billion. The deal was first announced on July 13th.

The combined company will have trailing twelve-month revenue of over $9 billion and free cash flow of over $3 billion on a pro forma basis.

“Today is a tremendous milestone for ADI and I’m delighted to welcome the Maxim team, who share our passion for solving our customers’ most complex technology problems,” said Vincent Roche, President and CEO. “With more than 10,000 engineers and the increased breadth and depth of our best-in-class technologies, we are well-positioned to develop even more complete, cutting-edge solutions for our customers. Together, we will drive the next waves of analog semiconductor innovation, while engineering a healthier, safer and more sustainable future for all.”




https://investor.analog.com/static-files/52340411-401f-4554-ad4e-a7b4299501b9

Wednesday, August 11, 2021

Norton to acquire Avast, expanding consumer cyber solutions

NortonLifeLock reached a deal to acquire Avast, a provider of digital security and privacy services, in a stock transaction valued at approximately US$8.1 billion and US$8.6 billion, depending on Avast shareholders’ elections.

The companies say the deal will combine "Avast’s strength in privacy and NortonLifeLock’s strength in identity, creating a broad and complementary product portfolio, beyond core security and towards adjacent trust-based solutions". The merger is expected to result in approximately US$280 million of annual gross cost synergies.

“This transaction is a huge step forward for consumer Cyber Safety and will ultimately enable us to achieve our vision to protect and empower people to live their digital lives safely,” said Vincent Pilette, Chief Executive Officer of NortonLifeLock. “With this combination, we can strengthen our Cyber Safety platform and make it available to more than 500 million users. We will also have the ability to further accelerate innovation to transform Cyber Safety.”


https://s24.q4cdn.com/151081985/files/doc_presentations/2021/08/Combining-NortonLifeLock-and-Avast-IRDeck-FINAL.pdf

Monday, July 19, 2021

Zoom to acquire Five9 for cloud contact center as a service

 Zoom Video Communications agreed to acquire Five9, an intelligent cloud contact center provider, in an all-stock transaction valued at approximately $14.7 billion based on the closing price of Zoom common stock on July 16, 2021. Five9 stockholders will receive 0.5533 shares of Class A common stock of Zoom Video Communications, Inc. for each share of Five9.

The deal combines Five9’s Contact Center as a Service (CCaaS) solution with Zoom’s broad communications platform. Five9, which is based in San Ramon, California, reports $478 million in LTM revenue and 796 upmarket/enterprise customers.

Zooms says the acquisition will broaden its total addressable opportunities to include the $24 billion contact center market. Revenue for the first quarter of 2021 increased 45% to a record $137.9 million, compared to $95.1 million for the first quarter of 2020. GAAP gross margin was 56.6% for the first quarter of 2021, compared to 57.9% for the first quarter of 2020. 

Five9's cloud contact center offers a suite of applications that allows management and optimization of customer interactions across many different channels.

“We are continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to our customers,” said Eric S. Yuan, Chief Executive Officer and Founder of Zoom. “Zoom is built on a core belief that robust and reliable communications technology enables interactions that build greater empathy and trust, and we believe that holds particularly true for customer engagement. Enterprises communicate with their customers primarily through the contact center, and we believe this acquisition creates a leading customer engagement platform that will help redefine how companies of all sizes connect with their customers. We are thrilled to join forces with the Five9 team, and I look forward to welcoming them to the Zoom family.”

“Businesses spend significant resources annually on their contact centers, but still struggle to deliver a seamless experience for their customers,” said Rowan Trollope, Chief Executive Officer of Five9. “It has always been Five9’s mission to make it easy for businesses to fix that problem and engage with their customers in a more meaningful and efficient way. Joining forces with Zoom will provide Five9’s business customers access to best-of-breed solutions, particularly Zoom Phone, that will enable them to realize more value and deliver real results for their business. ”

Following the close of the transaction, Five9 will be an operating unit of Zoom and Rowan Trollope will become a President of Zoom and continue as CEO of Five9, reporting to Eric Yuan.

  • Rowan Trollope joined Five9 as CEO in May 2018. Previously, he was SVP and General Manager of Cisco’s Applications Group and a member of the executive leadership team. Prior to Cisco, at Symantec Rowan was Group President Sales, Marketing, and Product Development, responsible for cloud security and the SMB market. 


Thursday, July 15, 2021

Enea to acquire AdaptiveMobile Security Ltd,

Enea agreed to acquire AdaptiveMobile Security Ltd, a  provider of security solutions for mobile networks, for approximately EUR 45 million on a cash and debt free basis. 

AdaptiveMobile Security, which is based in Dublin, Ireland, delivers software and services for messaging and signaling security in mobile core networks. The company’s products protect mobile networks, their subscribers, and their data from all types of network-borne attacks. Messaging security prevents unwanted traffic which can be linked to security threats, service abuse, or revenue loss. The purpose of signaling security is to prevent cyberattacks exploiting signaling traffic. The offering is a combination of carrier-grade signaling firewalls, reporting, and advanced monitoring. AdaptiveMobile Security will continue to operate under its current brand as a new business unit within Enea and will be headed by Brian Collins.

Enea, which is based in Sweden,  estimates that AdaptiveMobile Security will have sales of approximately EUR 17 million for the full year 2021, with an EBIT margin in 2022 that will be close to Enea's operating margin target. Closing is expected in July 2021.

“I am proud to announce an acquisition that significantly strengthens our cybersecurity portfolio,” says Jan Häglund, President and CEO of Enea. “As the global leader in mobile network security, AdaptiveMobile Security expands our market presence and broadens our offering to operators, creating interesting opportunities in areas such as 5G security.”

“We are thrilled to become part of Enea, a well-respected leader in the telecommunications and security markets. We are aligned on market strategy and can leverage product synergies that will drive market and customer penetration. Our unique offering of security products will enhance Enea’s product offerings, especially in the area of 5G.” says Brian Collins, CEO of AdaptiveMobile Security. “It is critical to protect mobile networks against an ever-increasing threat landscape to maintain the integrity of national and international communications. Together with Enea, we can now serve a wider range of customers and offer an unrivalled combination of networking and security expertise.”


Monday, July 12, 2021

Halo acquires 2 more companies: ARIA and Solid Optics

 Halo Technology Group has further broadened its optical portfolio by acquiring two companies: ARIA Technologies, an designer, manufacturer, and provider of fiber optical connectivity solutions headquartered in the San Francisco Bay Area, and Solid Optics, a global provider of fiber optic transceivers, high-speed cabling, and passive and active networking technology headquartered in Almere, Netherlands. Financial terms were not disclosed.

The ARIA product offering includes fiber cable assemblies, rackmount enclosures, wall mount enclosures, and fiber optic and copper-based network components.

Solid Optics is a global provider of compatible transceivers, high-speed cabling, multiplexers, and OADMs, serving data centers, service providers, telecommunications providers and commercial organizations throughout UK, Europe, and the US.

Halo Technology Group, which was created by London-based Inflexion Private Equity Partners, develops and markets optical networking solutions including transceivers, multiplexers, ROADMs, EDFAs, and high-speed cabling. The company is based in Irvine, California.

"We are thrilled to add the incredibly talented teams from ARIA Technologies and Solid Optics to the Halo Group," said Matt McCormick, Chief Executive Officer of Halo. "Our mission has been clear since the beginning—to be the global leader in optical solutions and deliver exceptional value to our customers. With the addition of ARIA and Solid Optics, we enhance our global footprint, particularly in key markets such as Germany and France, and further strengthen our product offerings, as well as our technical and commercial capabilities."

"Coupled with Halo's strong organic growth, these acquisitions demonstrate that Halo is the growth platform of choice in the third-party optoelectronics industry," said Al Aguirre, Chairman of the Halo Group Board of Directors.

https://www.halotechnology.com/

https://www.ariatech.com/

https://www.solid-optics.com/

Halo acquires Skylane Optics for its transceivers

Halo Technology Group has acquired Skylane Optics, a leading provider of transceivers for optical communications. Financial terms were not disclosed.

Skylane offers a range of optical solutions including optical and copper transceivers, DACs, AOCs, multiplexers, and coding boxes (TCS) for a broad range of applications. The company has offices in Belgium, Brazil, Sweden, and the U.S.

Halo said the acquisition adds improved technical reach and enhanced operational power to its portfolio, including Skylane's CFP-DCO coherent products. Operationally there will be a benefit of improved production capacity, automation and manufacturing efficiencies with Skylane's patented Anaconda production system. 

Halo Group, which is based in Irvine, California, develops and markets optical networking solutions including optical transceivers, multiplexers, ROADMs, EDFAs, high-speed optical cabling, in addition to other supporting optical connectivity products. With manufacturing and distribution centers in the US, UK, and India, Halo serves the networking needs of a broad spectrum of enterprise, service provider and telecommunications customers globally.

"We are incredibly excited about adding Skylane's cutting-edge product offering and their very talented team to our group," said Matt McCormick, Chief Executive Officer of Halo. "Halo is committed to growing the Skylane business and to continue to meet the demands of its sophisticated and diverse customer base. With the added strength and capabilities derived from our platform, we expect Skylane to thrive as part of the Halo Group."

"Halo has become the global market leader in compatible optics with the expertise to meet the needs of virtually any network architecture requirements, whether enterprise, hyperscale data center or multinational telco," said Al Aguirre, Chairman of the Halo Technology Board of Directors. "The Skylane transaction enhances the group's abilities and further proves the value of the platform as a global growth vehicle."

Microsoft to acquire RiskIQ

Microsoft agreed to acquire RiskIQ, a leader in global threat intelligence and attack surface management. Financial terms were not disclosed, however, media reports suggested the price exceeded $500 million.

RiskIQ helps customers discover and assess the security of their entire enterprise attack surface—in the Microsoft cloud, AWS, other clouds, on-premises, and from their supply chain. In addition, RiskIQ offers global threat intelligence collected from across the internet, crowd-sourced through its PassiveTotal community of security researchers and analyzed using machine learning. Organizations can leverage RiskIQ threat intelligence to gain context into the source of attacks, tools and systems, and indicators of compromise to detect and neutralize attacks quickly.

https://www.microsoft.com/security/blog/2021/07/12/microsoft-to-acquire-riskiq-to-strengthen-cybersecurity-of-digital-transformation-and-hybrid-work/

Thursday, July 8, 2021

Cirrus Logic to acquire Lion Semiconductors for $335M

Cirrus Logic agreed to acquire Lion Semiconductor for $335 million in cash. 

Lion Semiconductor’s switched-capacitor architectures enable wired and wireless fast-charging user experiences and are used in numerous flagship and mid-tier smartphones. These solutions are integrated close to the battery and deliver higher efficiency and better heat dissipation for the rapidly developing fast-charging market. Lion, which was incorporated in 2012, has operations in San Francisco and Seoul.

“The acquisition of Lion Semiconductor adds further momentum to our strategy of applying our mixed-signal expertise to new markets and driving growth through innovation in areas such as power,” said Cirrus Logic President and Chief Executive Officer John Forsyth. “Lion’s proprietary fast-charging products and robust intellectual property portfolio are expected to contribute meaningfully to revenue growth in the coming years, strengthen the company’s position to pursue exciting new opportunities and significantly expand our addressable market.”


 

Thursday, July 1, 2021

HPE to acquire Zerto for cloud data management

Hewlett Packard Enterprise agreed to acquire Zerto, an industry leader in cloud data management and protection, for $374 million in cash. 

Zerto’s journal-based continuous data protection (CDP) technology includes disaster recovery, backup, and data mobility in a single cloud data management and protection software solution that spans on-premises, hybrid, and multi-cloud environments. 

Zerto helps customers recover in minutes from ransomware, cyberattacks, and other unplanned downtime bringing data back to its original state just seconds before the attack or disruption. Zerto also easily replicates and migrates data between VMware vSphere and Microsoft Hyper-V environments and natively to Amazon Web Services and Microsoft Azure.

HPE expects the data protection as a service (aaS) market to grow from $7.7B in 2020 to $15.3B in 2024, representing a 19% CAGR.  Zerto will be available aaS through HPE GreenLake and Data Services Cloud Console.

HPE said the deal expands its GreenLake portfolio and HPE Storage’s shift to a cloud-native, software-defined data services business.

“Data is now the most critical asset,” said Antonio Neri, President and CEO, HPE. “With the explosive growth of data at the edge and across hybrid environments, organizations today face significant complexity in managing and protecting their data. Zerto’s market-leading cloud data management and protection software expands HPE GreenLake cloud data services, allowing customers to protect their data and rapidly act on insights, from edge to cloud.“

“With data underpinning digital transformation, customers must manage, protect, and mobilize their data,” said Tom Black, Senior Vice President and General Manager of HPE Storage. “Customers continue to face significant issues managing data complexity across hybrid and multi-cloud environments. Zerto further positions HPE to help solve these customer challenges and become the leader in data management and protection through HPE GreenLake cloud services.”


Saturday, June 12, 2021

SANWA acquires Fiberon for passive and active connectors

SANWA Denki Kogyo Co., Ltd. completed its acquisition of Fiberon Technologies, another provider of fiber optic network solutions. Financial terms were not disclosed.

FIBERON, founded in 1998, specializes in advanced passive and active connectivity products for the optical fiber communications market.

“FIBERON has continuously delivered quality products with excellent service and speed as a trusted supply partner to its customers,” said Yasuo Ishii, President and CEO of SANWA. “Joining FIBERON’s advanced product lines and strategic geographical presence together with SANWA’s unparalleled engineering, manufacturing, and quality management will significantly expand the available product range and service reach for current customers and offer a powerful supplier partnership for optical communications industry worldwide.”

In addition to the expanded product offerings by both companies, SANWA’s in-house design, engineering and manufacturing capabilities will now provide custom engineering and OEM sourcing options to FIBERON’s existing and new customers.

https://www.sanwa-us.com/

Thursday, June 10, 2021

Blackstone Funds to acquire QTS for $10 billion


Investment funds managed by Blackstone will all outstanding shares of common stock of QTS Realty Trust for $78.00 per share in an all-cash transaction valued at approximately $10 billion. The deal includes a 40-day "go-shop period" during which QTS may solicit other proposals.

Upon completion of the transaction, the parties expect that QTS will continue to be led by its senior management team and maintain its corporate headquarters in Overland Park, Kansas.

“We are pleased to enter into this transaction with Blackstone, as it will deliver compelling, immediate and certain value to stockholders while positioning QTS to continue supporting customers’ expanding data center infrastructure needs,” said Philip Trahanas, Lead Director of the QTS Board of Directors. “The QTS Board regularly reviews the Company’s strategy and market opportunities to maximize stockholder value, and we are confident this transaction achieves that objective.”

QTS is a leading provider of data center solutions with a footprint spanning more than 7 million square feet of owned mega scale data center space within North America and Europe.

Tuesday, May 18, 2021

NTT DATA to acquire Nexient, a software developer

NTT DATA Services agreed to acquire Nexient, a developer of cloud-native applications based in Silicon Valley with offices in Ann Arbor, Michigan and Columbus, Ohio. Financial terms were not disclosed.

The companies said Nexient will serve as a scalable anchor for NTT DATA’s Application Development & Modernization practice, adding user-centric full stack product development capabilities and speeding the ability to offer sophisticated digital transformation services to clients, including digital product strategy, product design and development, and platform transformation.

“Application Development and Modernization is a critical and fast-growing piece of the digital transformation value chain. With Nexient’s agile, product-minded development disciplines, we’re better equipped to help our clients quickly take advantage of digital innovations,” said Eric Clark, Chief Digital & Strategy Officer, NTT DATA Services. “NTT DATA is investing to grow our business and our digital expertise through hiring, training and R&D, as well as targeted acquisitions of best-in-class, digital companies. Nexient is the next step in this strategy and a great addition to our team.”

“Nexient’s product-minded agile development approach has earned our clients’ trust to solve their complex business problems,” said Mark Orttung, Nexient CEO. “Building on our commitment to operate within our core values, leadership competencies, and team-based approach, we are excited to join NTT DATA and expand the scope and value of the services we deliver to our clients.”

http://www.nttdataservices.com