mergers and acquistions

  • Rackspace acquires TriCore, adds enterprise applications to cloud management mix

    Rackspace acquires TriCore, adds enterprise applications to cloud management mix

    Rackspace announced today it was purchasing TriCore, giving it an enterprise applications management play to go along with its cloud management services. The announcement comes just one day after the company announced it was bringing a new CEO onboard, make it a busy week for the firm. The companies did not share the terms of the deal, but Rackspace called it the largest acquisition in… Read More

  • Freshdesk acquires data integration startup Pipemonk

    Freshdesk acquires data integration startup Pipemonk

    Freshdesk announced today that it has acquired Banglaore-based startup Pipemonk for an undisclosed amount. Pipemonk helps companies move data between cloud platforms, which should come in handy for Freshdesk and its partners. Pipemonk, which was born as ZapStitch, had raised just over $2 million since it launched in 2014, with its primary funding round coming in May, 2015, when it landed… Read More

  • Google will acquire Apigee for $625 million

    Google will acquire Apigee for $625 million

    Google announced today that it intends to purchase Apigee, an API management platform that went public last year, for $625 million or $17.40 a share. The company, which helps customers build digital products with open APIs, has an impressive customer list including Walgreens, AT&T, Bechtel, Burberry, First Data and Live Nation. In a blog post announcing the deal, Diane Greene… Read More

  • Microsoft Goes For Another Israeli Security Firm Buying Secure Islands

    Microsoft Goes For Another Israeli Security Firm Buying Secure Islands

    Israel is a small country with a thriving security startup industry, and Microsoft appears to be have a taste for them. Today it announced an agreement to buy Secure Islands, its third Israeli security firm in the last year. While Microsoft did not reveal a specific price, various reports peg the deal at between $77 million and $150 million. Microsoft made the announcement official in a… Read More

  • Pivotal IPO Could Make Dell-EMC Deal Even More Complicated

    Pivotal IPO Could Make Dell-EMC Deal Even More Complicated

    Even while the Dell-EMC deal seemingly moves forward, there is still plenty of maneuvering going on at EMC. A couple of weeks ago VMware announced it was creating a new company called Virtustream that will be jointly owned with EMC, and just yesterday a re/code report suggested that Pivotal, another EMC-VMware joint venture, could IPO in early 2016. All of this is further complicated… Read More

  • Ektron President Fesses Up To Selling The Company To Accel-KKR

    Ektron President Fesses Up To Selling The Company To Accel-KKR

    After denying to TechCrunch that Ektron had been sold, company president Tim McKinnon admitted in a later phone conversation that a sale had in fact happened, after a document confirming the deal began circulating online. Earlier this week we published a story about the rumor that Ektron had been sold to an unnamed private equity firm. The firm was presumably Accel-KKR, which had invested in… Read More