Articles about Acquisition

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Capita and private equity biz circling, sniffing around Xchanging

What a place employees at troubled Xchanging find themselves this morning: both Capita and private equity firm Apollo Global are bidding to buy the LSE-listed tech biz. The insurance market BPO specialist and software provider confirmed to the City this morning it has permitted both businesses to look under the hood. …
Paul Kunert, 5 Oct 2015
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Accenture barges way into cloud market, buys Cloud Sherpas

Bloated integrator-cum-consultancy Accenture has gulped down cloud advisory and tech services outfit Cloud Sherpas for an undisclosed fee, signalling the start of major consolidation in this part of the market. Privately-owned Cloud Sherpas was born in 2007 and has expanded commercially and geographically over the years via …
Paul Kunert, 15 Sep 2015
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Redstor liked software developer Attix5 so much...

Specialist storage reseller-cum-provider-of-clouds Redstor has played the Victor Kiam card in buying Attix5, a South African software developer it has outsourced work to for the past decade. Attix5 specialises in data protection, managed back-up and disaster recovery services. It provided the “underlying” tech that comprises …
Paul Kunert, 14 Sep 2015

Big Data investment? Tick, says MXC Capital

Channel merchant banker MXC Capital has splashed £4.8m on a minority stake in big data analytics minnow Sagacity Solutions - a price tag that matches the software firm’s turnover last year. The move comes weeks after MXC director Ian Smith told us he wants to place bets behind businesses in software development, managed …
Paul Kunert, 8 Sep 2015
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Daisy completes Phoenix IT gobble

Acquisition-ravenous Daisy Group has completed its gobble of tech services outfit Phoenix IT Group. The deal is a sizeable purchase for Daisy, with Phoenix turning over £233.4m in sales for the full-year 2014. The 1,400 engineers working for Daisy and Phoenix will be merged in the Partner Services division. The Phoenix …
Kat Hall, 31 Jul 2015
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eBay's new plan: sell the shirt off your back

Having spent much of 2015 shedding non-core businesses like PayPal, its Craigslist stake and its enterprise services unit, eBay has announced a back-to-the-roots acquisition of Twice. The San Francisco startup gives the company second-hand women's clothing sales, something that's sure to delight eBay sellers who specialise in …

Keep 'em coming, folks: Huawei snaps up Amartus SDN division

Chinese kit maker Huawei has snapped up the software-defined networking division of Irish software outfit Amartus. Zha Jun, president of Huawei’s fixed network products unit, said the deal is part of the company's strategy is to expand its cloud and network services. Amartus’ senior team and product staff will join Huawei, …
Kat Hall, 13 Jul 2015
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Kelway MD: A deal with CDW is NOT around the corner

Top brass at Kelway this week scotched talk on the shop floor of a pending deal with NASDAQ-listed CDW, claiming it will not be acquired outright by the US giant any time soon. CDW – the world’s largest tech reseller – acquired a 35 per cent stake in London-based Kelway late last year for $86.8m. Included in the sale was a 30- …
Paul Kunert, 2 Jul 2015
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PayPal chomps up money-moving biz Xoom ahead of eBay split

PayPal has scooped up digital money transfer provider Xoom for $890m (£570m), ahead of its split with eBay later this month. As part of its "uncoupling" with the online tat bazaar, PayPal will start out with $6bn (£3.9bn) in cash – which means more acquisitions could be on the cards. Dan Schulman, president of PayPal, said …
Kat Hall, 2 Jul 2015
Boy slurps watermelon. Credit: Shutterstock

Six Degrees separates: Sold to Charlesbank Capital Partners

Private equity biz Penta Capital has agreed to sell hosting and managed services outfit Six Degrees to funds affiliated with Charlesbank Capital Partners for an undisclosed sum. The business came onto the market in February with corporate financier DC Advisory managing the sale process, as El Chan exclusively revealed. …
Paul Kunert, 17 Jun 2015
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Westpac buys stake in Canberra crypto king QuintessenceLabs

Australian banking goliath Westpac will become a substantial stakeholder in Canberra based QuintessenceLabs (QLabs) and use outfit's quantum key distribution technology for its internal infrastructure. QLabs commercialises research from the Australian National University to produce quantum key distribution (QKD) and random key …
Darren Pauli, 16 Jun 2015
Boy slurps watermelon. Credit: Shutterstock

The great silicon slurp of 2015 continues: Atmel next on the shopping block

Another instalment in this year's consolidation in the silicon market appears to be on the cards, with reports emerging that microcontroller outfit Atmel is looking for a buyer. As Reuters reports, the company's CEO, Steve Laub, is due to retire at the end of August, something that may have sparked the decision to seek …
Microsoft CEO Satya Nadella

Microsoft spunks $500m to reinvent the wheel. Why?

Comment As strange shopping expeditions go, this has to rank alongside London Bridge being bought, dismantled, and then rebuilt in Arizona. The world’s biggest software company, Microsoft, has now spent half a billion dollars on mobile apps that are poor cousins of its own Exchange and Outlook software. Apps that, in some cases, don’t …
Intel sign by StockMonkeys.com

Intel gobbles up chipmaker Altera in $16.7 BILLION splurge

Intel has subsumed Altera for $16.7bn (£11bn), ending months of “will they, won't they” takeover chatter. The acquisition will allow Chipzilla to get its mitts on Altera's field-programmable gate array (FPGA) tech – chips that customers can configure after purchase. The acquired unit will sit in Intel's bit barn division. The …
Kat Hall, 1 Jun 2015

IT Lab slips a ring on JMC IT

London-based managed service provider IT Lab has spread its tentacles to the north-west by subsuming Manchester outfit JMC IT. The combined organisation will employ some 300 staff servicing 750 clients including Somerset House, Talis Capital, the Greater Manchester Chamber of Commerce and Liverpool FC. Peter Sweetbaum, CEO of …
Paul Kunert, 27 May 2015
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Daisy Group: Yep, we're gonna eat you all up, Phoenix IT Group

Directors at Phoenix IT Group are “unanimously” backing the 160-pence-per-share offer that was formally made by Daisy Group this morning, valuing the entire share capital at close to £135m. Discussions between LSE-listed Phoenix and the suitor were made public last week, leaving Daisy 28 days to come back to the table with a …
Paul Kunert, 27 May 2015

Daisy Group offers to gobble Phoenix IT Group for £133m

Acquisitive B2B tech and comms player Daisy Group has bid 160 pence per share for LSE-listed Phoenix IT Group valuing the services operation at around £133m. Talk of a deal has rumbled along for more than a year but with Phoenix in the middle of a three-year turnaround plan under the latest CEO and no longer reporting steep …
Paul Kunert, 21 May 2015

Exertis parent DCC swallows Computers Unlimited for £24m

DCC Technology has acquired consumer tech distie Computers Unlimited for £24m, the Ireland-headquartered group confirmed today. The buy adds roughly 2,000 trading accounts, offices in London, Paris and Barcelona that employ roughly 200 staff and hardware/software from 70 vendors including Adobe, Epson and WD. CU operates four …
Paul Kunert, 19 May 2015

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