7 Channel People Making Waves This Week at Broadcom, Avaya, Telarus, Ingram Micro, More
The 20 MSP and OpenText also make our top stories of the week.
September 9, 2022
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The 20 MSP hasn’t been in the merger and acquisition business for too long, but this year the Texas-based company snapped up its first shop, and has now acquired six new MSPs.
Tim Conkle, CEO of The 20 MSP, made waves for his support of people-first companies.
“These are people-first companies just like us, which makes this not only a great fit operationally, but culturally too. I know firsthand that when talented, like-minded people come together, great things happen. It’s my pleasure and privilege to welcome these companies to The 20 family.”
Continue reading more of the acquisition story here.
Ingram Micro has launched Xvantage, its digital experience platform ecosystem, in the United States and Germany.
Ingram Micro’s CEO Paul Bay made waves for his bold assertion that “Ingram Micro Xvantage delivers a frictionless experience never before seen in technology distribution.”
He may be right. The single-pane-of-glass platform allows cloud solutions to be easily incorporated into solutions containing technology hardware, software and professional services. The platform’s intelligent and customized user interface elevates and differentiates Ingram Micro Xvantage’s learning, partnering and buying experience, the company said.
Learn more here about Ingram Micro’s digital experience platform.
OpenText is acquiring British rival Micro Focus, which has a poor growth outlook and has struggled with profitability since reporting a $3 billion loss in 2020.
Making waves for that assessment is John Abbott, infrastructure analyst with 451 Research, part of S&P Global Market Intelligence. Micro Focus is one of the world’s largest enterprise software providers that serves thousands of organizations globally.
“It’s an important deal as it combines two of the largest software roll-up companies into one,” Abbott said. “This is a huge, diverse portfolio of software. Much of it might be termed legacy software. But it’s still critical to a wide range of large customers running mission-critical enterprise applications and infrastructure.”
The $6 billion deal should close in the first quarter of 2023. OpenText and Micro Focus’ biggest competitor is IBM.
Get more form Edward Gately’s reporting here.
T-Mobile is shedding its wireline business to Cogent Communications to focus on its more profitable wireless business.
T-Mobile will shoulder a $1 billion charge on the transaction. The deal should close in the second half of 2023.
T-Mobile is selling IP assets and remaining wireline customers. Those customers are using legacy VPN, SD-WAN and IP voice services. According to the companies, the legacy Sprint U.S. long-haul network will eventually replace the leased network Cogent is running.
Mejeticks CEO Robert Devita made waves when he told Channel Futures that shedding the wireline business is an excellent move for T-Mobile.
“When you look at AT&T and Verizon, their wireline business is definitely shrinking and holding down their stock prices. A pure-play wireless strategy is a strong move in the right direction for them.”
Read James Anderson’s piece to hear what more industry experts had to say.
Broadcom’s recent earnings beat analyst expectations as the company looks forward to the $61 billion acquisition of VMware.
Hock Tan, Broadcom president and CEO, made waves for his insight.
“We’re making good progress with our various regulatory filings around the world,” Tan said on the latest Broadcom earnings call.
The San Jose, California-based company said it earned $9.73 per share on sales of $8.46 billion in the quarter ended July 31. Analysts were predicting $9.56 a share on sales of $8.41 billion. Looking at Broadcom earnings on a year-over-year basis, the numbers rose 40%. Sales also increased, by 25%.
Contrary to some media reports, Hock did not indicate those filings have come under any abnormal scrutiny. Rather, he said, “we are moving forward as very much as expected in this regard.”
Broadcom still expects to close the VMware purchase in its 2023 fiscal year, which starts in November.
“We remain excited about our acquisition of VMware and continue to be impressed by the world-class engineering talent, as well as strong customer and channel partnerships. We have tremendous respect for what VMware has built,” Tan said.
Learn additional details from the earnings report here.
Telarus senior vice president of marketing Amy Bailey is moving on from the technology solutions brokerage (TSB).
Bailey made waves for her graciousness.
“I am so grateful for all I have learned over the last six years,” Bailey wrote in a LinkedIn post. “I appreciate all those who have contributed to my success.”
Bailey came to Telarus from VXSuite, which the TSB acquired in 2015. Bailey had been working as VXSuite VXTracker’s vice president of marketing. She earned the promotion to senior vice president of marketing for Telarus in 2020. She said Telarus was employing around 50 people when it acquired VXSuite, and just four marketers. Since then, Bailey’s marketing team has grown to 23 people.
Learn more about the next step in her career here.
By far our most-read story of the week involved the layoffs occurring at Avaya. The company cut jobs across several divisions as part of significant efforts toward cost-cutting measures of $225 million-$250 million this quarter.
Several laid off employees took to the site TheLayoff to voice their concerns anonymously. They made waves for their revelations about how Avaya allegedly handled the layoff process.
As one former employee wrote: “The [HR] call I was on barely lasted five minutes and was basically, ‘if you are on this call, you have been affected and today is your last day. HR will send you an email with more info,’ and for us to forward to our personal email as we will be locked out of system today. Still awaiting the HR email.”
Read our article to get insight from an analyst about what these layoffs mean for the company in the long run.
By far our most-read story of the week involved the layoffs occurring at Avaya. The company cut jobs across several divisions as part of significant efforts toward cost-cutting measures of $225 million-$250 million this quarter.
Several laid off employees took to the site TheLayoff to voice their concerns anonymously. They made waves for their revelations about how Avaya allegedly handled the layoff process.
As one former employee wrote: “The [HR] call I was on barely lasted five minutes and was basically, ‘if you are on this call, you have been affected and today is your last day. HR will send you an email with more info,’ and for us to forward to our personal email as we will be locked out of system today. Still awaiting the HR email.”
Read our article to get insight from an analyst about what these layoffs mean for the company in the long run.
Channel people at Broadcom, Avaya, Telarus, Ingram Micro and more are among the individuals making waves this week. Channel Futures’ Channel People Making Waves showcases those who have made an impact over the last seven days. (See our slideshow above.)
Amy Bailey certainly made an impact on Telarus. Over the last six years, the senior vice president of marketing helped to grow the company’s marketing team significantly. In fact, it was nearly a fivefold increase. Read about Bailey’s journey at Telarus, her departure from the company and the reason this story was our No. 2 most-read this week.
When it comes to Broadcom, the company recently released an earnings report. It has reason to celebrate, which should be encouraging news for anyone doubting the VMware deal. Read what Broadcom CEO Hock Tan had to say about that and the company’s growth.
Finally, our No.1 story involved a channel company and its layoffs this week. Rather than feature a company executive or an analyst, we highlight the anonymous responses former employees made online about their heartache this week.
And, if you didn’t catch our previous edition, you can find it here.
Want to contact the author directly about this story? Have ideas for a follow-up article? Email Claudia Adrien or connect with her on LinkedIn. |
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