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CNN Taps Beme Talent to Cultivate Millennials
November 29, 2016
CNN has acquired Beme, the startup cofounded by YouTube sensation Casey Neistat, the companies announced Monday. CNN plans to launch a new branded subsidiary featuring timely and topical video content by the summer of 2017. It will be led by a team including the Beme cofounders, under a name as yet undecided, with CNN providing funding. Financial terms of the acquisition were not disclosed.
Broadcom Sews Up $5B Deal for Brocade
November 3, 2016
Chip manufacturer Broadcom on Wednesday announced that it would buy Brocade Communications, a major supplier of fiber channel storage area networking technology to data centers, for $5.5 billion in cash and the assumption of Brocade's $400 million debt. That represents a 47 percent premium over Brocade's closing share price last week, said Brocade CEO Lloyd Carney.
Should Salesforce Buy NetSuite?
October 29, 2016
The recently released spreadsheet hacked from Salesforce board member Colin Powell's email names multiple companies that Salesforce was at least considering acquiring. In the aftermath of the initial reports, it's worth noticing that there were at least two enterprise resource planning/back office companies on the list: Workday and NetSuite. There are plenty of reasons to dismiss acquisition talk.
AT&T, Time Warner Brace for Regulatory Firestorm
October 24, 2016
AT&T and Time Warner on Saturday announced they had reached a merger deal, setting off alarm bells across the industry. AT&T has agreed to buy Time Warner for $85.4 billion. At least a year's worth of regulatory scrutiny, public hearings and political maneuvering is expected. The deal essentially would create the industry's first vertically integrated mobile provider of premium cable.
Red Hat and Ericsson Forge 5G, IoT Open Source Alliance
October 20, 2016
Red Hat and Ericsson on Wednesday announced an alliance meant to speed adoption of open source solutions in the information and communications technology space. The alliance will help promote a range of fully open source and production-ready cloud solutions, spanning OpenStack, software defined-networking and software-defined infrastructure, the companies said.
Year-End Deals on Track for Federal IT Providers
October 19, 2016
Just when most of the country is on vacation -- including the U.S. Congress -- federal government agencies become active in awarding contracts. The federal fiscal year ends on Sept. 30, and many agencies wait until the last quarter of the year to make acquisitions. The last few months have brought billions of dollars in federal contracts for information technology providers.
Twitter Hopes Fade as Salesforce Deal Slips Away
October 18, 2016
Salesforce, the last known suitor for Twitter, last week officially bowed out of the running for an acquisition deal, a move that forces the embattled company either to look for a new savior or find some internal answers to its lingering inability to find a winning growth strategy. Salesforce walked away from the deal because it wasn't the right fit, CEO Marc Benioff said.
Verizon Signals Cold Feet Over Yahoo Deal
October 17, 2016
Verizon last week indicated that its $4.8 billion acquisition of Yahoo could be in jeopardy in light of the company's delay in disclosing a massive 2014 data breach that compromised about 500 million account holders. Verizon may need some additional assurances, suggested General Counsel Craig Silliman. "I think we have a reasonable basis to believe right now that the impact is material."
Yahoo Makes It Harder for Email Users to Jump Ship
October 11, 2016
Yahoo in recent days disabled autoforwarding for Yahoo Mail -- and in at least one corporate client's case, it disabled the webmail deletion feature. The autoforwarding feature "is under development," reads a statement on the Yahoo site. "While we work to improve it, we've temporarily disabled the ability to turn on Mail Forwarding for new forwarding addresses."
Salesforce Ponies Up $340M Cash for Krux Data Management
October 4, 2016
Salesforce has agreed to acquire its Marketing Cloud partner Krux, which offers a data management platform. Salesforce will pay $340 million in cash and issue between 3.4 million and six million shares of common stock to consummate the deal, according to documentation filed with the U.S. Securities and Exchange Commission on Monday. That's worth an estimated $700 million in all.
GE, Bosch Combine Resources to Bolster IoT
September 30, 2016
GE and Bosch Software Innovations have partnered to jump-start the development of an open source Internet of Things platform. Open source will encourage greater interoperability and application development, the companies said. Both firms have sought help from the Eclipse Foundation to speed up the process. The companies will create a core IoT stack comprised of open source software.
Apple Steers Its Car Project All Over the Map
September 29, 2016
McLaren Technology Group, which manufactures Formula One and luxury supercars, has denied rumors that it was engaging in discussions with Apple regarding a possible purchase or strategic investment. Apple has been pursing a highly secretive project to develop its own venture in the electric and autonomous vehicle space, and it reportedly has entered negotiations with McLaren on a potential deal.
Adobe Leaps From AWS to Microsoft's Cloud
September 28, 2016
Microsoft has announced a series of major enhancements to its enterprise cloud platform, as well as a new strategic partnership with Adobe, advancing its drive to attract new business from core competitors like Salesforce and Amazon. Microsoft has entered a strategic partnership to make Azure the preferred cloud platform for the Adobe Marketing Cloud, Adobe Creative Cloud and Adobe Document Cloud.
Hack of Half a Billion Records Takes Shine Off Yahoo's Data Trove
September 23, 2016
Yahoo on Thursday disclosed that a data breach in late 2014 resulted in the theft of information from at least 500 million customer accounts. It appears that state-sponsored hackers carried out the attack, the company said. Account information compromised includes names, email addresses, telephone numbers, dates of birth, hashed passwords, and security questions and answers.
Oracle Snags Palerra to Beef Up Cloud Security
September 20, 2016
Oracle has agreed to buy cloud access security broker Palerra, whose LORIC software manages security and compliance for applications, workloads, and sensitive data stored across cloud services. Palerra "offers a unique combination of visibility into cloud usage, data security, user behavior analytics and security configurations, with automated incident responses," wrote Oracle SVP Peter Barker.
Microsoft Dynamics Edges Out Salesforce, Oracle for HP Win
September 15, 2016
Just two months after announcing the integration of its CRM and ERP platform under the Microsoft Dynamics 365 umbrella, Microsoft this week announced a six-year agreement to deploy the service to HP Inc.'s ranks. Under the agreement, HP will deploy the Microsoft Dynamics platform -- including Azure, Office 365 and other solutions -- to tens of thousands of its employees.
Deconstructing the Software Business
September 9, 2016
The disruption of the IT and software industry by the rapid rise of cloud and SaaS continues to take a toll on the biggest players in the business. In their latest round of desperate moves to reposition themselves in the radically changing marketplace, the major companies of the past have been willing to relinquish many of their software assets to refocus their efforts on new market opportunities.
Dell + EMC: History Is Made
September 5, 2016
I've been involved in mergers and acquisitions for decades, and I used to run an acquisition cleanup team while at IBM. I've seen so many bad acquisitions that it is generally far easier to point out the good ones. What is somewhat ironic, given my background, is that the best largely have been executed by Dell, using a process initially developed by IBM.
Nvidia, Baidu Team on Cloud-to-Car AI Platform
September 1, 2016
Nvidia and Baidu have agreed to collaborate on the incorporation of artificial intelligence in a cloud-to-car autonomous vehicle platform, Nvidia CEO Jen-Hsun Huang said Wednesday. The companies plan to integrate Baidu's cloud platform and mapping technology with Nvidia's self-driving computing platform. They also will work together to create solutions for high-definition maps.
Europe Duns Apple for $14.5B in Illegal Tax Breaks
August 31, 2016
The European Union on Tuesday nailed Apple with a $14.5 billion bill for back taxes. "The European Commission has today has adopted a decision that Apple's tax benefits in Ireland are illegal," said EC Competition Chief Margrethe Vestager. Tax breaks Ireland granted to Apple for more than two decades artificially reduced Apple's tax burden, in breach of European Union rules, she explained.
Apple Buys Healthcare 'Magic Machine'
August 24, 2016
Apple has purchased medical records startup Gliimpse in order to broaden its presence in the personal healthcare information management market. Apple reportedly confirmed that the purchase took place earlier this year. Apple in recent years has delved into healthcare with offerings such as HealthKit, CareKit and ResearchKit. The Gliimpse acquisition is seen as an extension of those efforts.
Lights Out for Gawker.com
August 19, 2016
Gawker Media owner Nick Denton has revealed that Gizmodo, Lifehacker, Kotaku, Jalopnik, Jezebel and Deadspin will continue with their current writers and other staff members following the company's sale to Univision, but that neither he nor Gawker.com will be included in the transition. The Gawker sites will be joining The Onion, ClickHole and other Web properties in Fusion Media Group.
Salesforce Reels BeyondCore Into Its Cloud
August 17, 2016
Salesforce has inked an agreement to acquire BeyondCore, a data analytics firm that already has integrated its latest release with Salesforce, the companies said Monday. BeyondCore will become part of the Salesforce Analytics Cloud, extending smart data discovery and advanced analytics capabilities across the entire Salesforce Customer Success Platform, said BeyondCore CEO Arijit Sengupta.
Intel Snaps Up Nervana to Jump-Start AI
August 16, 2016
Intel last week announced the acquisition of startup Nervana, in a bid to enhance the company's capabilities in artificial intelligence and deep learning. Nervana jumped out of the gate at its 2014 launch with a robust platform for deep learning, a framework called "Nervana Neon," and the Nervana Engine -- a groundbreaking ASIC chip scheduled for introduction by the first quarter of 2017.
Microsoft to Add Beam's Live-Streaming Skills to Xbox
August 16, 2016
Microsoft last week announced a deal to acquire live-streaming startup Beam. It plans to use Beam's interactive technology to enhance the Xbox Live experience. Beam, which was the winner of Techcrunch Disrupt earlier this year, has attracted a number of top investors, including Techstars, Courtside Ventures and Ore Ventures. The deal is designed to help make Xbox Live more social and fun.
GV's Bill Maris Passes Torch to Krane
August 11, 2016
GV founder Bill Maris on Wednesday announced that he was departing the company after an eight-year tenure, and that his replacement would be David Krane, a managing partner and one of his chief deputies at the Alphabet-owned venture capital firm. Krane is a 17-year Google veteran. Maris reportedly wanted to spend more time with his wife and 11-month-old son.
Walmart Pursues Amazon at Jet Speed
August 8, 2016
Walmart on Monday announced that it plans to acquire Jet.com, paying $3 billion in cash and another $300 million worth of Walmart shares. With the acquisition, "Walmart.com will grow faster, the seamless shopping experience we're pursuing will happen quicker, and w''ll enable the Jet brand to be even more successful in a shorter period of time," McMillion said.
Apple Might Need to Think Different About TV
August 5, 2016
Apple's tough negotiating stance apparently has hobbled its efforts to bring entertainment industry companies on board with its planned streaming TV service. Talks with Disney, 21st Century Fox and CBS reportedly have fallen through. Had the entertainment and cable TV industry given in, Apple's demands would have turned current practices topsy-turvy.
The Maturation of the Cloud ERP Market
August 5, 2016
Oracle's acquisition of NetSuite is a clear indication that the rapid adoption of cloud alternatives to traditional on-premises applications is shifting from front-office customer relationship management to back-office enterprise resource planning solutions. Now, the question will be whether Oracle can buy its way into a leadership position in this emerging marketplace.
Time Warner Bets Heavily on Hulu
August 4, 2016
Time Warner on Wednesday announced it has entered an agreement to buy a 10 percent stake in online-streaming service Hulu, in a bid to leverage its lineup of television and film content on multiple viewing platforms. With the new investment, Time Warner will join a joint venture that includes some of the nation's largest media companies, including The Walt Disney Co., 21st Century Fox and Comcast.
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