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

Thursday, January 14, 2021

Cisco and Acacia reach new merger deal - $4.5B vs $2.6B

Cisco and Acacia Communications reached a new deal under which Cisco will pay $115 per share in cash, or for approximately $4.5 billion on a fully diluted basis, to acquire Acacia.

The companies believe the acquisition can be completed by the end of this quarter.

"I am delighted that Cisco and Acacia have decided to come together in this mutual deal," said Chuck Robbins, chairman and CEO, Cisco. "We look forward to welcoming Raj and the Acacia team to Cisco to offer our customers world-class coherent optical solutions to power the Internet for the future.""Both Cisco and Acacia have been focused on helping customers create a simpler operations environment, with a shared vision for the future of routing and switching with pluggable optics," said Bill Gartner, senior vice president and general manager, Cisco Optical Systems and Optics Group. "Together we will ignite our strategy to transform the optical world as we know it, with innovative solutions to boost network capacity inside and outside the data center."

"We maintain our strong conviction in the strategic benefits of joining the Cisco family and believe it will enable us to better support our existing customers, while reaching an expanded footprint of new customers globally," said Raj Shanmugaraj, president and CEO of Acacia. "We are pleased to have reached this agreement with Cisco and are excited to move forward with the combination which we believe will transform the optical industry, while providing great opportunities for Acacia employees to continue their innovation." 

http://ir.acacia-inc.com/news-releases/news-release-details/cisco-and-acacia-communications-announce-amended-merger

Cisco to acquire Acacia for Coherent Optics

Cisco agreed to acquire Acacia Communications for $70.00 per share in cash, or for approximately $2.6 billion on a fully diluted basis, net of cash and marketable securities. The deal is expected to close during the second half of Cisco's FY2020. Acacia employees will join Cisco's Optical Systems and Optics business within the networking and security business under David Goeckeler.

Acacia, which is headquartered in Maynard, Massachusetts and is publicly traded ((NASDAQ: ACIA), develops, manufactures and sells high-speed coherent optical interconnect products, including digital signal processing / photonic integrated circuit modules, and transceivers.



http://ir.acacia-inc.com/static-files/3364e03b-6e70-4933-8c93-84b6fe4c74df

Cisco to acquire Luxtera for silicon photonics -- $660M

Cisco agreed to acquire privately-held Luxtera, a developer of silicon photonic technologies, for $660 million in cash and assumed equity awards.

Luxtera, which is based in Carlsbad, California, focuses on silicon photonics process and packaging technologies for building integrated optics capabilities for webscale and enterprise data centers, service provider market segments, and other customers.

Luxtera leverages a hybrid integration approach wherein the photonics die forms the base of the transceiver chipset, while the light source and electronics die are attached on top. The company says its ability to integrate all optical components into a single silicon chip enables it to manufacture at wafer scale.

Cisco said the integration of Luxtera will broaden its portfolio of 100GbE and 400GbE optics. Cisco plans to incorporate Luxtera's technology across its intent-based networking portfolio, spanning enterprise, data center and service provider markets.

Thursday, January 7, 2021

Airgain acquires NimbeLink for cellular-based edge devices

Airgain, which specializes in advanced antenna technologies, has acquired privately-held NimbeLink Corp., a developer of cellular industrial Internet of Things solutions and services. 

Headquartered in Plymouth, MN, and founded in 2013, NimbeLink is a trusted partner for edge-based cellular connectivity Industrial IoT solutions. 

NimbeLink’s certified Skywire cellular modems enable original equipment manufacturers (OEMs) to  reduce their cellular development time. NimbeLink develops and markets complete edge-to-enterprise asset tracking solutions that are precisely configured to customers’ use cases and applications such as location tracking, inventory management, and resource optimization. Established in 2013, NimbeLink has sold more than 400,000 units over the last two years and its patented products have been deployed for thousands of end customers through multiple partner relationships. 

“We are proud to welcome NimbeLink to the Airgain team and look forward to strengthening our enterprise offering with proven edge-based cellular connectivity solutions for Industrial IoT and M2M applications,” said Jacob Suen, Airgain’s President and Chief Executive Officer. “NimbeLink is an excellent fit with our business and will play an important role in our overall growth strategy to broaden market diversification and extend the development of the AirgainConnect antenna-modem platform. The sum of the parts is truly greater than the individual pieces and together, we believe the combined company significantly advances our strategic mission to deliver higher levels of integrated wireless system solutions globally.”

Scott Schwalbe, NimbeLink’s Co-Founder and Chief Executive Officer, commented: “We are very excited about what the combined strength of Airgain and NimbeLink will bring to our cellular connectivity and asset tracking customers. Airgain’s high performance antenna technology complements NimbeLink’s portfolio of cellular technology and will provide our customers with the benefit of enhanced product performance and a broader reach into global markets. Together, we will build upon our core competencies and advance forward-thinking Industrial IoT development and design at the network edge.”

Based on preliminary, unaudited results, NimbeLink expects to report $12.5 million in revenue and $0.1 million in adjusted EBITDA for the fiscal year ended December 31, 2020.


Monday, December 7, 2020

Cisco to acquire IMImobile for Customer Interaction Management

Cisco agreed to acquire IMImobile PLC (AIM: IMO) in a deal valued at approximately US$730 million.

IMImobile, which is based in London, provides software and services which allow enterprises and organizations to stay constantly connected to their customers through enhanced interactive channels including social, messaging and voice. The company's Customer Interaction Management suite orchestrates smarter interactions with customers.

Cisco plans to integrate IMImobile software and services with its Webex Contact Center solution, creating a solution that is:

  • Intelligent: Using AI along the entire customer journey to create super agents and augmented frontline employees.
  • Contextual: Providing the customer data needed to personalize interactions.
  • Collaborative: Empowering employee collaboration in order to deliver 10x better customer experiences.
  • Omnichannel: Connecting with customers in their channel of choice—text, social or voice—throughout the customer journey
  • Programmable: Giving the business the ability to orchestrate workflows and personalize customer journeys

“A great customer relationship is built on consistently enjoyable interactions where every touchpoint on every channel is an opportunity for businesses to deliver rich, engaging and intuitive experiences,” said Jeetu Patel, senior vice president and general manager of Cisco’s Security and Applications business. “We look forward to working with IMImobile to help create a comprehensive CXaaS solution for the market—one that gives businesses a platform to provide delightful experiences across the entire customer lifecycle journey.”

Cisco to acquire Slido for audience interaction in Webex

Cisco announced plans to acquire Slido s.r.o., a start-up offering an online audience interaction platform. Slido enables higher levels of user engagement―before, during and after meetings and events. This includes real-time feedback tools, dynamic polls, Q&A, quizzes, word clouds, surveys, etc. Slido has over 7 million participants monthly. Financial terms were not disclosed.

The Slido technology will be part of the Cisco Webex platform and enhance Cisco’s ability to offer new levels of inclusive audience engagement across both in-person and virtual experiences.

“We believe that the way we work has changed forever. In the years to come, much of our work will happen on video calls and virtual meetings. We realized that if we want to impact millions of lives for the better and truly transform how meetings and events are run around the World, we will need a strong partner. Therefore, we are excited to join Cisco once the acquisition is complete. We can’t wait to start working together to help them transform the virtual meetings experience,” commented Peter Komornik, Slido CEO.

  • Webex recorded nearly 600 million participants in October 2020, almost double the number from March 2020.


Sunday, December 6, 2020

Luna Innovations acquires OptaSense for fiber monitoring

Luna Innovations has acquired OptaSense Holdings, a QinetiQ company, for £29 million in cash.

OptaSense specializes in fiber optic distributed monitoring solutions for pipelines, oilfield services, security, highways and railways, as well as power and utilities monitoring systems. The combination is expected to create the world’s largest fiber optic sensing company.

Luna said the acquisition brings important distributed acoustic sensing (DAS) intellectual property and products, which strongly complement its existing portfolio, and provides algorithm-development expertise, critical for AI and machine learning. OptaSense’s research and development talent and highly skilled salesforce, combined with more than 150 active and pending patents, will also enhance Luna’s existing experienced team and broaden its intellectual property portfolio.

"The acquisition of OptaSense marks an incredibly important milestone in Luna’s history and will further support our growth trajectory," said Scott Graeff, President and Chief Executive Officer of Luna. "With the combination of Luna and OptaSense, we are bringing together businesses with strong adjacencies and a large, combined opportunity. This transaction allows Luna to acquire a leader in fiber optic sensing solutions and distributed acoustic sensing systems of a global size and scale that will truly be transformative to our company. In addition, OptaSense’s success has been driven by a world class, industry-leading technology base and a very talented team of employees. We are very excited about welcoming them to the Luna team.”


Tuesday, November 24, 2020

Splunk to acquire Flowmill for network performance monitoring

Splunk agreed to acquire Flowmill, a Palo-Alto based cloud network observability company with expertise in network performance monitoring (NPM). Financial terms were not disclosed.

Flowmill gives customers the ability to ingest, analyze and take action on additional cloud network and infrastructure data to quickly resolve network-related issues, optimize network performance and reduce network costs.

Splunk said Flowmill will complement its recent acquisitions of Plumbr and Rigor, giving customers the ability to address every application performance monitoring (APM), digital enterprise monitoring (DEM) and NPM need across all types of applications and infrastructures. 

“Observability technology is rapidly increasing in both sophistication and ability to help organizations revolutionize how they monitor their infrastructure and applications. Flowmill’s innovative NPM solution provides real-time observability into network behavior and performance of distributed cloud applications, leveraging extended Berkeley Packet Filter (eBPF) technologies,” said Tim Tully, chief technology officer, Splunk. “We’re excited to bring Flowmill’s visionary NPM technology into our Observability Suite as Splunk continues to deliver best-in-class observability capabilities to our customers.”


Sunday, November 22, 2020

Vantage acquires Hypertec’s Quebec data centers


Vantage Data Centers has acquired the hyperscale data center business from Hypertec in Montreal. Financial terms were not disclosed.

Hypertec’s 49MW campus includes 25MW across two existing facilities and 24MW of expansion capacity. The campus, located less than two miles from Vantage’s existing 11MW campus in Montreal, sits on 10 acres and will consist of 320,000 square feet once fully developed. Vantage will immediately begin construction of a third facility to complete the campus. The Hypertec data center team has joined Vantage.

The acquisition expands Vantage’s total footprint in the Province of Quebec to 81MW of IT capacity across three campuses.

“The acquisition of Hypertec enables Vantage to continue capitalizing on Montreal’s hyperscale growth given its access to scalable renewable energy, attractive power costs, tax incentives and robust fiber connectivity,” said Sureel Choksi, president and CEO, Vantage Data Centers. “Since entering the Canadian market in early 2019, Vantage has invested heavily in the region. We have been very impressed by the Hypertec data center team and are excited to welcome them to Vantage.”

“Vantage continues making significant investments in the Province of Quebec, and the Hypertec acquisition further cements our position as a leading hyperscale provider in Canada,” explained Maxime Guévin, vice president and general manager for Vantage Canada. “This increased capacity positions us to better serve our local and international customers, and we expect Montreal to benefit from the addition of more high-quality jobs and revenue coming into the region.”

This is Vantage’s third acquisition in 2020, including the purchase of Etix Everywhere in February and Next Generation Data (NGD) in July.

http://www.vantage-dc.com

Vantage raises US$1.25 billion in equity funding

Vantage Data Centers raised US$1.25 billion in incremental equity capital from its existing investors, led by Digital Colony. This funding will be used to fuel ongoing expansion and development across North America and Europe.“Hyperscale data center market demand remains strong, and this capital raise will allow Vantage to accelerate its global expansion of sustainable, large-scale campuses,” said Sharif Metwalli, CFO, Vantage Data Centers. “This...

Vantage Data Centers opens data center campus near Frankfurt

Vantage Data Centers inaugurated its first 15MW data center in Germany along with partners Energieversorgung Offenbach (EVO) and DataCenter-Group (DCG). The campus, located in Offenbach, will house three multi-story data centers totaling 55MW of critical IT capacity and 650,000 square feet (60,000 square meters) when fully developed. The opening of the Frankfurt campus is a key milestone in Vantage’s strategy to expand across Europe."The development...


Thursday, November 19, 2020

IBM to acquire Instana for AIOps application monitoring

IBM will acquire Instana, an application performance monitoring and observability company based in Chicago and with a development center in Germany. Financial terms were not disclosed.

Instana provides businesses with capabilities to manage the performance of complex and modern cloud-native applications no matter where they reside – on mobile devices, public and private clouds and on-premises, including IBM Z.  Instana's enterprise observability platform automatically builds a deep contextual understanding of cloud applications and provides actionable insights to indicate how to best prevent and remedy IT issues that could damage the business or reduce customer satisfaction -- such as slow response times, services that aren't working or infrastructure that is down.

Once Instana's capabilities are integrated into IBM, companies will be able to feed these insights into Watson AIOps. The information could then be compared to a baseline of a normal operating application, with AI triggering alerts to resolve issues quickly before negative impacts to that transaction or activity. This can help eliminate the need for IT staff to manually monitor and manage applications, freeing these employees to focus on innovation and higher value work. 

"With the added responsibility of ensuring the build and run quality of the software they develop, DevOps teams need a new generation of application performance monitoring and observability capabilities to succeed," said Mirko Novakovic, co-founder and CEO, Instana. "Instana's observability capabilities combined with IBM's AI-powered automation capabilities across hybrid cloud environments will give clients a full view of their application performance to best optimize operations."

https://www.ibm.com/cloud/blog/ibm-and-instana

Thursday, November 12, 2020

Cellnex to acquire 24,600 European towers from CK Hutchinson

Cellnex Telecom will acquire c.24,600 telecommunications towers and sites across Europe from CK Hutchison for EUR 10 billion. The transactions include the roll-out of up to 5,250 sites over the next eight years with an investment of c. EUR 1.4 billion including further initiatives.

Cellnex Telecom is already Europe’s leading operator of wireless telecommunications and broadcasting infrastructures with a portfolio of 61,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the United Kingdom, Ireland and Portugal.

The acquisitions are structured as six separate transactions – one for each country. Cellnex to pay cash at closing  of the acquisitions of Sweden, Austria, Italy, Ireland and Denmark, and with cash and new Cellnex shares at closing of the UK transaction.

Cellnex Chairman Franco Bernabè highlighted “the transformational nature of the agreements, which strengthens Cellnex’s position as one of the main Europe-wide telecommunications infrastructures operator, with a portfolio of c. 103,000 sites once the transactions and rollouts are complete. We will now be present in three new significant markets –  Sweden, Austria and Denmark – and will further build upon our role as a key operator in three of our core markets, namely Italy, the UK and Ireland.”

https://www.cellnextelecom.com/

Thursday, November 5, 2020

American Tower to acquire InSite, adding 3,000 communication sites

American Tower agreed to acquire InSite Wireless Group, which owns, operates and manages approximately 3,000 communications sites, primarily in the U.S. and Canada, for approximately $3.5 billion.

Insite's portfolio includes more than 1,400 owned towers in the U.S., over 200 owned towers in Canada and approximately 70 distributed antenna system (“DAS”) networks in the U.S. In addition, InSite controls more than 600 land parcels under communications sites as well as approximately 400 rooftop sites.

Tom Bartlett, American Tower’s Chief Executive Officer stated, “This transaction augments our foundational U.S. business through the addition of a well-run, high-quality, complementary, macro-tower focused portfolio, while also marking our entry into Canada. We believe that these assets are positioned to enhance our organic growth and cash flow trajectory in the future as 5G deployments accelerate and densification initiatives progress.”

“Nearly two decades ago, we set a goal to build a leader in wireless communications by providing critical infrastructure to wireless carriers and other customers,” said David E. Weisman, co-founder and CEO of InSite. “On behalf of InSite, I want to thank our customers, employees, and investors for their support and partnership over the years in building InSite into where it is today. We believe the acquisition of InSite by American Tower will result in even greater benefits for our customers in the future.”

American Tower expects the assets to generate approximately $150 million in property revenue and approximately $115 million in gross margin in their first full year in its portfolio. 

http://www.americantower.com

  • American Tower currently controls a portfolio of 181,000 communication sites.

Sunday, November 1, 2020

Intel to acquire SigOpt for AI model optimization software

Intel agreed to acquire SigOpt, a start-up based in San Francisco that is focusing on the optimization of artificial intelligence (AI) software models at scale. Financial terms were not disclosed.

SigOpt is a standardized, scalable, enterprise-grade optimization platform and API. The company was founded by Patrick Hayes and Scott Clark, who is credited with building an open source the Metric Optimization Engine at Yelp.

Intel plans to use SigOpt’s software technologies across Intel’s AI hardware products to help accelerate, amplify and scale Intel’s AI software solution offerings to developers.

https://sigopt.com/ 

Wednesday, October 28, 2020

DartPoints acquires Metro Data Centers

DartPoints, an owner and operator of edge colocation data centers, has acquired Metro Data Centers (MDC), a full-service provider of interconnection and data center solutions in Dublin, Ohio.  Financial terms were not disclosed.

MDC is a carrier-neutral, fiber-rich, full-service data center offering over 22,000 SF of high-tier infrastructure supporting a fully redundant N+1 environment.

In August 2020, DartPoints revealed its strategy to build and acquire edge interconnection and colocation facilities in the Southwest, Southeast, Upper Midwest and Mid-Atlantic regions. 

“The acquisition of MDC is a prime example of how we are executing on our strategy for regional growth aimed at improving interconnectivity,” adds Scott Willis, CEO of DartPoints. “MDC’s solutions enable DartPoints to immediately deliver our capabilities into this exciting market and surrounding locations. The MDC team has a long history of bringing innovative solutions to their customers, and we look forward to having them continue their work as a part of the DartPoints team.”

“We are excited to join the DartPoints team to expand services to our existing customers, as well as additional customer segments which need improved network performance,” comments Rob Kopp, co-founder and president of Metro Data Centers. “Our team is fully committed to integrate our solutions with the expanding DartPoints’ portfolio of interconnection points and providing communities in Central Ohio with innovative and best-in-class solutions.”

http://www.dartpoints.com

http://www.metrodatacenter.com


Tuesday, October 27, 2020

AMD to acquire Xilinx for $35 billion

AMD agreed to acquire Xilinx in an all-stock transaction valued at $35 billion. The acquisition price represents approximately $143 per share of Xilinx common stock.

The deal significantly expands AMD’s product portfolio, which will now cover CPUs and GPUs, with Xilinx's FPGAs, Adaptive SoCs and software expertise. The combined company's addressable market will now include industry growth segments from the data center to gaming, PCs, communications, automotive, industrial, aerospace and defense.

“Our acquisition of Xilinx marks the next leg in our journey to establish AMD as the industry’s high performance computing leader and partner of choice for the largest and most important technology companies in the world,” AMD President and CEO Dr. Lisa Su said. 

“We are excited to join the AMD family. Our shared cultures of innovation, excellence and collaboration make this an ideal combination. Together, we will lead the new era of high performance and adaptive computing,” said Victor Peng, Xilinx president and CEO. “Our leading FPGAs, Adaptive SoCs, accelerator and SmartNIC solutions enable innovation from the cloud, to the edge and end devices. We empower our customers to deploy differentiated platforms to market faster, and with optimal efficiency and performance. Joining together with AMD will help accelerate growth in our data center business and enable us to pursue a broader customer base across more markets.”

Some highlights of the combined company

  • Dr. Lisa Su will lead the combined company as CEO. Xilinx President and CEO 
  • Victor Peng, will join AMD as president responsible for the Xilinx business and strategic growth initiatives
  • 13,000 engineers
  • $2.7 billion of annual1 R&D investment
  • Post-closing, current AMD stockholders will own approximately 74 percent of the combined company Immediately accretive to AMD margins, cash flow and EPS 
  • Combined revenue of $11.6B 




Akamai acquires Asavie for software-defined global access platform

Akamai Technologies has acquired Asavie, a privately-held company based in Dublin, Ireland, that offers a global platform for managing the security, performance and access policies for mobile and Internet-connected devices. Financial terms were not disclosed.

Asavie automates and manages private networks for businesses at scale, and its solutions are sold by top global mobile network operators. Its platform automates the creation of self-serve, private, network-based services that secure access from mobile and Internet-connected devices to applications and data without requiring installation and management of client software.

Asavie will now become part of Akamai’s Security and Personalization Services product line sold to carrier partners that embed the solution within the technology bundle sold to their subscribers.

“We believe the addition of Asavie will help Akamai’s carrier partners address enterprise and mid-market customer demand for IoT and mobile device security and management services,” said Dr. Tom Leighton, chief executive officer and co-founder, Akamai Technologies. “What’s notable about the Asavie solution is that, as more IoT devices connect over cellular and 5G, it has been shown to be very easy to scale and protect them.”

“We expect COVID-19 to have a lasting impact on how employees work and how businesses operate. Network security needs will be required to evolve in a 5G era where the office needs to go wherever employees happen to work,” said Ralph Shaw, Asavie chief executive officer. “The Asavie suite of software-defined solutions is designed to enable enterprises to provide access to business resources while continuously protecting the business in a world of evolving cyber threats targeting mobile devices, users and applications.”


Monday, October 19, 2020

SK hynix to acquire Intel's NAND business for $9 billion



SK hynix agreed to acquire Intel’s NAND memory and storage business for US$9 billion. The deal includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China. Intel will retain its distinct Intel OptaneT business.

“I am pleased to see SK hynix and Intel`s NAND division, which have led the NAND flash technology innovation, work to build the new future together,” said Seok-Hee Lee, Chief Executive Officer (CEO) of SK hynix. “By taking each other`s strengths and technologies, SK hynix will proactively respond to various needs from customers and optimize our business structure, expanding our innovative portfolio in the NAND flash market segment, which will be comparable with what we achieved in DRAM.”

Bob Swan, Intel CEO said, “I am proud of the NAND memory business we have built and believe this combination with SK hynix will grow the memory ecosystem for the benefit of customers, partners and employees. For Intel, this transaction will allow us to further prioritize our investments in differentiated technology where we can play a bigger role in the success of our customers and deliver attractive returns to our stockholders.”

For the first six months ended June 27, 2020, the NAND businesses represented approximately US $2.8 billion of the revenue for Intel`s Non-volatile Memory Solutions Group (NSG) and contributed approximately US$600 million to NSG operating income.


SK hynix developed the world’s first Charge Trap Flash (CTF)-based, 96-layer 4D NAND flash in 2018 and 128-layer 4D NAND flash in 2019. SK hynix will combine Intel`s solutions technology and manufacturing capability in order to establish a higher value-added 3D NAND solutions portfolio including enterprise SSDs.




CommScope acquires virtual RAN patents from Phluido

CommScope has acquired the complete patent portfolio for virtual radio access networks (vRAN) of Phluido, a privately-held company based in San Diego. These patents address key concepts introduced in both 5G and O-RAN radio access networks, including efficient fronthaul transport, virtualization, and network synchronization. Financial terms were not disclosed.

“We believe the acquisition of this intellectual property, combined with our ONECELL patent portfolio, further solidifies CommScope’s position as innovative indoor RAN provider,” said Matt Melester, chief technology officer for CommScope’s Venue and Campus Networks and Outdoor Wireless Networks businesses. “Both Phluido and our ONECELL platform introduced new concepts in 4G which are now key components in 5G architectures.”




Sunday, October 18, 2020

GTT sells infrastructure division for $2.15 billion

GTT Communications will sell its infrastructure division to I Squared Capital, an independent global infrastructure investment firm, for $2.15 billion.

  • The infrastructure division sale consists of selected network and data center assets accumulated from several GTT acquisitions, including Interoute, Hibernia, and KPN International, that comprise:
  • A 103,000 route kilometer fiber network with over 400 points of presence, spanning 31 metro areas and interconnecting 103 cities across Europe and North America.
  • Three transatlantic subsea cables, including GTT Express, the lowest latency route between Europe and North America.
  • Fourteen Tier 3 data centers and over 100 colocation facilities.
  • Offering a full suite of telecom and data infrastructure solutions to marquee clients.

Gautam Bhandari, managing partner at I Squared Capital stated, “Now more than ever, digital infrastructure is an essential asset class as societies across the globe rely heavily on high-speed digital bandwidth. This acquisition builds upon I Squared Capital’s overarching global digital infrastructure strategy and experience with complex carve-outs to expand the reach of our platforms across Asia, Europe and North America.”

 GTT names Ernie Ortega as interim CEO

GTT Communications named Ernie Ortega as interim CEO while the board continues its search for a permanent CEO. Ortega currently serves as GTT’s Chief Revenue Office. GTT's Board of Directors also announced that Don MacNeil has joined the GTT leadership team as chief operating officer (COO). Mr. MacNeil will lead GTT’s network operations, service delivery, assurance and vendor management teams, as well as GTT’s product organization. “I am delighted...

GTT looks to sell subsea cables and European fiber network

GTT Communications has retained Credit Suisse and Goldman Sachs as financial advisors in connection with the potential sale of the Infrastructure Division, which includes its terrestrial pan-European fiber network, subsea transatlantic fiber and data centers. This infrastructure was part of GTT's acquisition of Interoute and of Hibernia. “The appointment of Credit Suisse and Goldman Sachs is an important step in our process to explore the sale of...

GTT to Acquire Global Capacity, Building its SD-WAN

GTT Communications agreed to acquire Global Capacity, a provider of enterprise network connectivity solutions, for $100 million in cash and 1.85 million shares of GTT common stock, to be issued to the sellers at closing. Global Capacity, which is based in Waltham, Mass., addresses a range of enterprise network issues including difficulty in load sharing traffic across a mix of access connections, complex, static and manual network configurations...

GTT's acquisition of Interoute would add 72K km of European fiber to its transatlantic cables

GTT Communications agreed to acquire Interoute, operator of one of Europe’s largest independent fiber networks and cloud networking platforms, for approximately €1.9 billion ($2.3 billion) in cash. Interoute's European fiber backbone spans 72,000 route kilometers connects nearly 200 data centres and colocation facilities.  Interoute also owns 15 of its own data centers and 33 colocation facilities. Its customers include international enterprises,...

GTT to acquire KPN International for EUR 50 million

GTT Communications agreed to acquire KPN International for approximately €50 million in cash, on a cash and debt-free basis. KPN International, which is headquartered in the Netherlands and is a division of KPN N.V., operates a global IP network serving enterprise and carrier clients. GTT said the acquisition augments its the scale and reach of its Tier 1 global IP network in Europe. KPN International's network spans 21 countries, including long-haul...

GTT acquires Accelerated Connections, expanding across Canada

GTT Communications has acquired Accelerated Connections (ACI), a Toronto-headquartered provider of managed networking, voice-over-IP (VoIP) and colocation services, 

Sunday, October 4, 2020

Enea acquires Aptilo for Wi-Fi policy control

 Enea  has acquired Aptilo, a privately-held provider of policy and access control solutions for carrier Wi-Fi and IoT, for SEK 92 million which corresponds to an enterprise value of SEK 150 million (US$16.83 million) on a cash and debt free basis.

Aptilo’s flagship product is the Aptilo Service Management Platform (SMP), a carrier-class system for management of data services, with advanced functions for policy and access control. Aptilo SMP is used in large-scale deployments of carrier Wi-Fi, while Aptilo SMP IoT is a solution for connectivity and security management over both cellular and Wi-Fi technologies.

Aptilo’s solutions have been deployed by more than 100 operators in 75 countries and are sold both directly to operators and indirectly through technology and channel partners. More than half of Aptilo’s total revenue is recurring, and the products are sold either as software licenses, as managed services, or in a cloud-based SaaS (software as a service) model to a growing number of customers.

“I’m pleased to announce this acquisition, which complements Enea in an excellent way,” says Jan Häglund, President and CEO of Enea. “Aptilo is a leader in Wi-Fi and IoT connectivity management. The acquisition strengthens our data management portfolio, expands our reach with existing and new customers, and creates interesting business opportunities in the fields of 5G, Internet of Things, and SaaS.”

Key figures and facts about Aptilo

  • Privately held company with Norvestor V L.P. as the majority shareholder
  • Founded in 2001
  • Headquartered in Stockholm, Sweden
  • Sales offices in Dallas, USA, and Kuala Lumpur, Malaysia
  • Net Sales SEK 90.0 million (84.4) in 2019 (2018), based on local Swedish GAAP (K3).


Thursday, October 1, 2020

Cisco to acquire Portshift for Kubernetes-native security platform

 Cisco agreed to acquire Portshift, a start-up based in Tel Aviv, Israel, offering a Kubernetes-native security platform. Financial terms were not disclosed.

Portshift is focused on application security solutions. Its platform adopts an agentless approach using a Kubernetes admission controller for seamless integration and native enforcement. This serves as Kubernetes-native guardrails for deployed containers.

In a blog post, Cisco's Liz Centoni writes that "Portshift aligns to Cisco’s approach of providing secure connectivity between users, devices and apps, wherever they reside; visibility and actionable insights from the end user to the application; a simplified consumption model that includes cloud-first Secure Access Service Edge (SASE) capabilities; commitment to an open source and open standards philosophy; and breaking down the siloes between developers, security teams, infrastructure teams, operations and SRE teams."

https://www.portshift.io/

VMware to acquire SaltStack for automation platform

VMware has agreed to acquire SaltStack, a developer of security software for event-driven IT automation, remote task execution, and configuration management. Financial terms were not disclosed.

SaltStack, which is based in Utah, offers an open source automation platform written in Python for configuration management. Year to date, the company reports 17M+ downloads and more than 260 new contributors for its project.

https://www.saltstack.com/blog/salt-community-announcement-vmware-acquisition-news/