Big M&A Update: Vonage, Sprint, Palo Alto, Facebook
We saw a lot of activity in security.
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It’s M&A central in the cybersecurity market.
The months of September and October saw a variety of data protectors join forces with each other to improve their chances. Some of the biggest vendors, including Palo Alto and Fortinet, gobbled up new assets via acquisition. Even Facebook might be weighing the options of buying a security vendor.
It’s not surprising that a few of the companies in our latest M&A recap aren’t household names. Many small companies view consolidation as necessary to remain competitive in quickly crowding markets like UCaaS and SD-WAN.
That doesn’t mean there weren’t some big names going to town. T-Mobile and Sprint made their way into headlines for their merger as a union lobbied for the deal’s demise. And Vonage is going to spend $350 million on an acquisition that will boost its communications portfolio. Most have potential channel implications.
Scroll through the gallery below to see M&A of September and October.
Missed the previous M&A gallery? Find it here.
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