Collaborate Disseminate
When Box announced it was getting a $500 million investment from private equity firm KKR this morning, it was hard not to see it as a positive move for the company. It has been operating under the shadow of Starboard Value, and this influx of cash could give it a way forward independent of the […] Continue reading Industry experts bullish on $500M KKR investment in Box, but stock market remains skeptical
Box announced this morning that private equity firm KKR is investing $500 million in the company, a move that could help the struggling cloud content management vendor get out from under pressure from activist investor Starboard Value. The company plans to use the proceeds in what’s called a “dutch auction” style sale to buy back […] Continue reading KKR hands Box a $500M lifeline
Shares of Box, a well-known content-and-collaboration company that went public in 2015, rose today after Reuters reported that the company is exploring a sale. TechCrunch previously discussed rising investor pressure for Box to ignite its share price after years in the public-market wilderness. At the close today Box’s equity was worth $23.65 per share, up […] Continue reading Box shares rise on report company is exploring sale
Security firm McAfee announced this morning that will be selling its enterprise business to a consortium led by the private equity firm Symphony Technology Group for $4 billion. It should pair well with RSA, another enterprise-focused security company the private equity firm purchased last February for $2 billion. McAfee President and Chief Executive Officer, Peter […] Continue reading McAfee sells enterprise biz to Symphony Technology Group for $4B
When I needed a new sofa several months ago, I was pleased to find a buy now, pay later (BNPL) option during the checkout process. I had prepared myself to make a major financial outlay, but the service fees were well worth the convenience of deferring the entire payment. Coincidentally, I was siting on said […] Continue reading EC roundup: BNPL startups, growth marketing tips, solid state battery market map, more
Edtech is so widespread, we already need more consumer-friendly nomenclature to describe the products, services and tools it encompasses. Continue reading Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more
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
Some time ago, I gave up on the idea of identifying a thread that could connect each story in this weekly roundup. There are no unified theories for technology news. Continue reading Extra Crunch roundup: Antitrust jitters, SPAC odyssey, white-hot IPOs, more
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