Collaborate Disseminate
Workday started the work day with some big news today. It’s acquiring employee feedback platform Peakon for $700 million in cash. One thing we have learned during the pandemic is that organizations need to find new ways to build stronger connections with their employees, and that’s precisely what Peakon provides. “Bringing Peakon into the Workday […] Continue reading Workday nabs employee feedback platform Peakon for $700M
Rumors have been flying this week that SAP was going to buy Berlin business process automation startup Signavio, and sure enough the company made it official today. The companies did not reveal the purchase price, but Bloomberg reported earlier this week that the deal could be worth $1.2 billion. With Signavio SAP gets a cloud-native […] Continue reading SAP is buying Berlin business process automation startup Signavio
Bloomreach, an API company that helps eCommerce customers with search and web site creation, announced a $150 million investment today from Sixth Street Growth. Today’s funding values the company at $900 million. At the same time, the company announced it has acquired Exponea, a startup that gives Bloomreach a marketing automation component it had been […] Continue reading Bloomreach raises $150M on $900M valuation and acquires Exponea
Citrix announced today that it plans to acquire Wrike, a SaaS project management platform, from Vista Equity Partners for $2.25 billion. Vista bought the company just two years ago. Citrix, which is best known for its digital workspaces, sees this as a good match, especially at a time where employees have been forced to work […] Continue reading Citrix is acquiring Wrike from Vista for $2.25B
Applications networking company F5 announced today that it is acquiring Volterra, a multi-cloud management startup, for $500 million. That breaks down to $440 million in cash and $60 million in deferred and unvested incentive compensation. Volterra emerged in 2019 with a $50 million investment from multiple sources, including Khosla Ventures and Mayfield, along with strategic […] Continue reading F5 snags Volterra multi-cloud management startup for $500M
RedHat today announced that it’s acquiring container security startup StackRox . The companies did not share the purchase price. RedHat, which is perhaps best known for its enterprise Linux products has been making the shift to the cloud in recent years. IBM purchased the company in 2018 for a hefty $34 billion and has been […] Continue reading RedHat is acquiring container security company StackRox
When we examine any year in enterprise M&A, it’s tempting to highlight the biggest, gaudiest deals — and there were plenty of those in 2020. I’ve written about 34 acquisitions so far this year. Of those, 15 were worth $1 billion or more, 12 were small enough to not require that the companies disclose the […] Continue reading Looking ahead after 2020’s epic M&A spree
IBM has been busy since it announced plans to spin out its legacy infrastructure management business in October, placing an all-in bet on the hybrid cloud. Today, it built on that bet by acquiring Helsinki-based multi-cloud consulting firm Nordcloud. The companies did not share the purchase price. Nordcloud fits neatly into this strategy with 500 […] Continue reading IBM snags Nordcloud to add multi-cloud consulting expertise
The busy year in M&A continued this weekend when private equity firm Thoma Bravo announced it was acquiring RealPage for $10.2B. In RealPage, Thoma Bravo is getting a full-service property management platform with services like renter portals, site management, expense management and financial analysis for building and property owners. Orlando Bravo, Founder and a Managing […] Continue reading Thoma Bravo to acquire RealPage property management platform for $10.2B
While 2020 won’t be remembered fondly by many of us for much of anything, it was a blockbuster year for enterprise M&A with the top 10 deals totaling an astounding $165.2 billion. This is the third straight year I’ve done this compilation. Last year the number was $40 billion. The year prior it was $87 […] Continue reading 2020’s top 10 enterprise M&A deals totaled a staggering $165B