Mergers and Acquisitions

Trello acquires Butler to add power of automation

Trello, the organizational tool owned by Atlassian, announced an acquisition of its very own this morning when it bought Butler for an undisclosed amount. What Butler brings to Trello is the power of

IBM selling Lotus Notes/Domino business to HCL for $1.8B

IBM announced last night that it is selling the final components from its 1995 acquisition of Lotus to Indian firm HCL for $1.8 billion. IBM paid $3.5 billion for Lotus back in the day. The big piece

Autodesk agrees to buy PlanGrid for $875 million

Autodesk announced plans to acquire PlanGrid for $875 million today. The San Francisco startup helped move blueprints from paper to the iPad when it launched in 2011. This digitization of constructio

Microsoft to acquire Xoxco as focus on AI and bot developers continues

Microsoft has been all in on AI this year, and in the build versus buy equation, the company has been leaning heavily toward buying. This morning, the company announced its intent to acquire Xoxco, an

Enterprise shopping season starts early with almost $50B in recent deals

Black Friday may still be 10 days away, but shopping season started early in the enterprise this year. We have seen acquisitions totaling almost $50 billion in the last couple of months alone, topped

IBM is betting the farm on Red Hat, and it better not mess up

Who expects a $34 billion deal involving two enterprise powerhouses to drop on a Sunday afternoon, but IBM and Red Hat surprised us yesterday when they pulled the trigger on a historically large deal

The largest software acquisition ever: IBM to buy Red Hat for $34B

At a price typically reserved for semiconductor companies, telecoms, and pharmaceutical giants, IBM announced today it would pay a record $34 billion in cash and debt to acquire enterprise open source

Palo Alto Networks to acquire RedLock for $173M to beef up cloud security

Palo Alto Networks launched in 2005 in the age of firewalls. As we all know by now, the enterprise expanded beyond the cozy confines of a firewall long ago and vendors like Palo Alto have moved to sec

Rich-text editing platform Tiny raises $4M, launches file management service

Maybe you’ve never heard about Tiny, but chances are, you’ve used its products. Tiny is the company behind the text editors you’ve likely used in WordPress, Marketo, Zendesk, Atlassi

Adobe gets its company, snaring Marketo for $4.75 billion

A week ago rumors were flying that Adobe would be buying Marketo, and lo and behold it announced today that it was acquiring the marketing automation company for $4.75 billion. It was a pretty nice re

Zendesk expands into CRM with Base acquisition

Zendesk has mostly confined itself to customer service scenarios, but it seems that’s not enough anymore. If you want to truly know the customer behind the interaction, you need a customer syste

Thoma Bravo buys majority stake in Apttus in unexpected ending

Apttus, a quote-to-cash vendor built on top of the Salesforce platform that looked to be heading toward an IPO in recent years has taken a different tack, instead being acquired by private equity firm

Facebook acquires Redkix to enhance communications on Workplace by Facebook

Facebook had a rough day yesterday when its stock plunged after a poor earnings report. What better way to pick yourself up and dust yourself off than to buy a little something for yourself. Today the

AllCloud raises $7M, acquires Figur8 and brings on a new CEO

Israel-based AllCloud, a professional services provider for Salesforce users and businesses who want a bit of help in managing their application on AWS and Google Cloud, today announced that it has ac

Netskope nabs Sift Security to enhance infrastructure cloud security

Netskope, a company that focuses on security in the cloud, announced today it has acquired Sift Security, a startup launched in 2014 to help secure cloud infrastructure services like Amazon, Microsoft

Box acquires Butter.ai to make search smarter

Box announced today that it has acquired Butter.ai, a startup that helps customers search for content intelligently in the cloud. The terms of the deal were not disclosed, but the Butter.AI team will

The state of the IPO market

Fifteen months ago, I predicted 2017 would be “the best year for tech IPOs since the dot-com heyday almost two decades ago.” Well, that was not exactly what happened.

Ping Identity acquires stealthy API security startup Elastic Beam

At the Identiverse conference in Boston today, Ping Identity announced that it has acquired Elastic Beam, a pre-Series A startup that uses artificial intelligence to monitor APIs and help understand

Hinge sells 51 percent of shares to Match Group

Match Group, parent company of dating apps Tinder, OkCupid and Match, announced yesterday that it has acquired a 51 percent stake in Hinge. With this new acquisition, Match Group has the right to acqu

Tableau gets AI shot in the arm with Empirical Systems acquisition

When Tableau was founded back in 2003, not many people were thinking about artificial intelligence to drive analytics and visualization, but over the years the world has changed and the company recogn
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