Latest Big Channel M&A: Cohesity-Veritas, Broadcom-VMware EUC
Two recent blockbuster deals are Cohesity's purchase of Veritas' data protection business and Broadcom offloading VMware EUC. But there are many more the channel should keep tabs on.
![Latest big M&A impacting the channel Latest big M&A impacting the channel](https://eu-images.contentstack.com/v3/assets/blt10e444bce2d36aa8/bltda686266354a57c4/6537c934bc9b762fd094341d/19-Acquisition-Fish.jpg?width=700&auto=webp&quality=80&disable=upscale)
maxsattana/Shutterstock
In a month where the price tags on mostly private acquisitions were not revealed, the biggest blockbuster likely was Cohesity's acquisition of Veritas' data protection business. The combined company sports a valuation of roughly $7 billion.
Expect the new Cohesity to produce $1.6 billion in annual revenue, according to Cohesity CEO Sanjay Poonen.
Cohesity says the combined company will continue to invest in all Cohesity security and data management products as well as Veritas' NetBackup and appliances, and its Alta data protection products and services.
Get more information on this mammoth deal.
Broadcom, after its controversial acquisition of VMware last fall, said it would plan to sell off Carbon Black, the security vendor that VMware purchased in 2019.
But new reports indicate that sale could be on hold, and perhaps permanently. Bloomberg reports that Broadcom wanted to include Carbon Black in its sale of the VMware end-user computing (EUC) unit to KKR, but with that not part of the deal, it might fold parts of Carbon Black into Symantec and let go of the remaining products and people.
Get the full update on the speculation here.
Regarding the EUC sale, Broadcom CEO Hock Tan said: "[We] don't want to be distracted by non-core focus. And VMware for us it about core."
Here's where you can read more about the EUC sale.
Delinea, the privileged access management (PAM) platform, followed up its recent acquisition of Authomize by buying Fastpath, the provider of identity governance and administration (IGA) and identity access rights.
Delinea says integrating Fastpath will allow it to offer an AI-driven authorization security platform. This, it says, will make Delinea a source for managing authorization across infrastructure, applications and data.
Partners will be able to sell PAM, IGA and identity threat detection and response (ITDR) in an all-in-one solution.
Read more about benefits for partners.
1Password, which you can find exhibiting at the Channel Partners Conference & Expo and MSP Summit, March 11-14, in Las Vegas, says it will get new device security capabilities with its acquisition of Kolide.
Kolide's product provides contextual access management. This gives companies the ability to prevent unknown or unsecure devices from accessing apps.
While Kolide isn't immediately part of 1Password's partner offering, that's coming soon. Partners should be hearing something in the next couple of months.
CA Communications sold its agency business to Upstack, the firm that's been gobbling up technology advisor companies in the past two years thanks to financial backing from Berkshire Partners.
CA, not to be confused with CA Technologies that Broadcom bought a few years ago, is a Minnesota-based channel partner. Its telecom advisory business is the part that it sold, hanging onto its hardware resale and managed IT services.
CA CEO Marc Agar will join Upstack as a partner and remain the head of CA.
It's the 33rd acquisition for Upstack, which you can read more about here.
MSP community Channel Program, which offers a platform for collaboration, networking and growth within the IT industry, acquired CyberSells, a sales, strategy and services company.
CyberSells CEO Alex Courson will stay on board to lead Channel Program's services division, which aims to enhance support to vendors and MSPs that want to optimize their presence in the IT channel and boost their sales operations.
“Channel Program and CyberSells share a vision of improving services, responsiveness, and offerings to current and future clients,” Courson said. “I’m thrilled to be part of the fastest-growing SaaS platform in the IT channel as we collaboratively empower IT vendors and MSPs leveraging the platform.”
Customer experience and contact center technology provider Genesys closed on its acquisition of Radarr, the analytics firm.
Genesys expects the deal will unify and personalize the customer experience by combining Radarr's capabilities with its own Genesys Cloud platform. Radarr's AI-powered "multilingual sentiment models" give organizations a direct line of sight into social media conversations across more than 100 languages.
Security Compass said it's buying application security training software provider Kontra from ThriveDX, the cyber training and talent development company. The acquisition marks what Security Compass calls a "pivotal step forward" in its mission to empower businesses with application security solutions centered on a "Security by Design" approach.
Security Compass says the acquisition extends its ongoing commitment to providing top-tier cybersecurity training solutions. Kontra, known for hands-on training labs and a top developer experience, complements Security Compass's existing offerings, including Application Security Training, SD Elements and Just-In-Time Training.
Look for an expanded suite of training options soon, said the company.
Evergreen, the family of managed IT services and companies, was at it again in February, acquiring KES, the Oracle NetSuite solution provider and implementation partner.
As a result, KES will rebrand as KES Systems Solutions, and will operate independently within Evergreen's ERP partner portfolio, Pine Services Group.
The KES team has been providing implementation, post-go-live support and optimization services to Oracle NetSuite customers for more than 10 years. Its development of KES NetSuite Extensions (apps that extend NetSuite functionality) is what the company says sets it apart from other consulting partners.
"We're very excited to welcome the KES team into the Evergreen portfolio," said Katie Maley, M&A lead for Pine Services Group. "Our team was extremely impressed by the group's success in the NetSuite space and clear track record of delivering high value expertise to customers."
Private-equity firm Thoma Bravo, which has become a giant in technology acquisitions over the past several years, plunked down $1.5 billion for Everbridge, the critical event management software company.
Everbridge has a suite of SaaS products that include mass notification, IT incident management, travel risk management and more. It has more than 6,500 customers in financial services, manufacturing, retail, transportation and other verticals.
Expect the company to continue to operate under the Everbridge brand when the acquisition closes.
Find out more of what to expect now that Everbridge has gone private.
You might say one enterprise cloud solutions provider is getting "ahead" with its acquisition of CDI (Computer Design & Integration), which makes regular appearances on the Channel Futures MSP 501.
CDI, which builds, deploys and manages multiplatform hybrid IT solutions, is selling to Ahead, creating a company with more than $3.7 billion in gross revenue and more than 2,500 employees in 40 global locations.
Ahead says this gives it a strong presence in the northeastern U.S. and bolsters its footprint in India.
Find out more about these MSPs getting together.
NWN Carousel, the provider of cloud communications services and hybrid work solutions, is now owned by private-equity firm American Securities. It's a shift in ownership from New State Capital Partners.
By most measures, it was a successful run at New State for NWN Carousel, tripling its gross revenue to more than $900 million.
NWN Carousel supports thousands of CIOs and IT leaders to deliver hybrid workforce solutions that include unified communications, AI-enabled contact center, managed security and more.
This is where to learn more.
NWN Carousel, the provider of cloud communications services and hybrid work solutions, is now owned by private-equity firm American Securities. It's a shift in ownership from New State Capital Partners.
By most measures, it was a successful run at New State for NWN Carousel, tripling its gross revenue to more than $900 million.
NWN Carousel supports thousands of CIOs and IT leaders to deliver hybrid workforce solutions that include unified communications, AI-enabled contact center, managed security and more.
This is where to learn more.
Big M&A affecting channel partners and the companies whose products they sell kept going strong in the past month.
One of the biggest deals was Cohesity buying Veritas' data protection business in a deal that Cohesity says makes it worth $7 billion. The other was the latest in the ongoing Broadcom-VMware saga, with the former selling off the latter's end-user computer business after finalizing its purchase of the company last fall.
But there are many more smaller deals to highlight involving managed service providers and technology advisors that didn't make as big of a splash in the headlines but might more directly impact the partner community: Upstack and Evergreen to name a couple.
See our slideshow above for the big M&A that impacted the channel in February.
About the Author(s)
You May Also Like