Latest Channel M&A: Bitdefender, Broadcom, IBM, Databricks, More
For one, IBM spent $4.6 billion for an IT automation software provider.
July 7, 2023
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BCM One has wrapped its acquisition of business voice solutions provider Pure IP, as widespread Microsoft Teams migration continues at the enterprise level and more MSPs adopt white-label voice services.
BCM One, a member of private equity firm Thompson Street Capital Partners’ portfolio, first announced the acquisition of Pure IP in April. The purchase of Pure IP represents BCM One’s ninth such transaction. The New York City-based provider has added companies like CoreDial and SkySwitch as part of its stated goal of establishing a deep next-generation voice services portfolio.
“Pure IP’s expertise migrating enterprise customers from PBX and UCaaS platforms to next-generation platforms including Microsoft Teams, Cisco and Zoom are a perfect complement to the BCM One portfolio,” BCM One CEO Geoff Bloss said. “The global infrastructure and flexibility to design solutions from leading providers reinforces our leadership position as a next gen communications and managed services provider.”
Also, learn more here about BCM One’s channel updates.
Databricks, the data and artificial intelligence (AI ) company, is acquiring MosaicML, a generative AI platform, in a deal worth $1.3 billion.
Databricks and MosaicML will make generative AI accessible for every organization. Organizations will be able to build, own and secure generative AI models with their own data.
MosaicML is known for its large language models (LLMs). With more than 3.3 million downloads of MosiacML Pretrained Transformer (MPT)-7B and the recent release of MPT-30B, MosaicML has showcased how organizations can build and train their own models using their data in a cost-effective way. Customers such as Allen Institute for AI (AI2), Generally Intelligent, Hippocratic AI, Replit and Scatter Labs leverage MosaicML for a wide variety of generative AI use cases.
Discover more about how MosaicML’s machine learning (ML) and neural networks specialists conduct AI research to improve model training efficiency.
IBM has agreed to acquire IT automation software provider Apptio from private equity firm Vista Equity Partners for $4.6 billion. According to IBM, Apptio will advance IBM’s IT automation hybrid cloud management and AIOps software portfolio.
Founded in 2007 and based in Bellevue, Washington, Apptio is regarded as a leading technology business management (TBM) and FinOps provider with more than 1,500 clients, about half of which serve Fortune 100 companies. Besides cloud management, observability and AIOps, Apptio provides cloud cost tracking and optimization tools.
Apptio has integration alliances with the three large cloud providers — AWS, Microsoft and Google Cloud.
Find out more about Apptio’s three primary products.
Broadcom could finally be getting a key regulatory approval of its planned $61 billion VMware acquisition.
The European Commission reportedly is set to provide conditional antitrust approval, according to Reuters, citing people familiar with the matter. The Commission’s clearance is tied to Broadcom’s interoperability remedies to address competition concerns. One focuses on Fiber Channel Host-Bus Adapters (FC HBAs) and is targeted at rival Marvell Technology, one of the people said.
Learn more about the Commission’s in-depth investigation to assess if Broadcom’s acquisition of VMware could restrict competition.
Gemspring Capital-backed Amplix is deepening its in-house mobility management capabilities with the acquisition of Corporate Accessories Group (CAG).
The acquisition pairs Amplix, a New England-based firm that sources and consults on technology services for businesses with Belmont, Massachussetts-based CAG, whose offerings run the gamut of wireless services. CAG’s mobility management services include expense management, plan management, kitting and product sales. CAG also provides phone trade-ins and repairs.
Find out how this deal deepens the mobility management footprint.
Cybersecurity provider Bitdefender has acquired Singapore-based Horangi Cyber Security to address the growing demand for advanced, streamlined management of cybersecurity, compliance and governance of multicloud environments.
As organizations continue to accelerate cloud adoption, they struggle to manage the thousands of configuration settings and permissions, identities and entitlements presented by multiple cloud providers. A single point of insight and control across multiple hybrid-cloud environments simplifies the application of configuration management and least privilege for organizations.
With this acquisition, Bitdefender will incorporate Horangi’s Cloud Infrastructure Entitlement Management (CIEM) and Cloud Security Posture Management (CSPM) capabilities into the Bitdefender GravityZone unified risk and security analytics platform to add critical compliance and governance capabilities to Bitdefender’s threat prevention, protection, detection and response capabilities. Additionally, Horangi’s security services offerings, including proactive risk assessment, red teaming, and penetration testing, will integrate with and complement Bitdefender Managed Detection & Response (MDR) services.
Horangi Cyber Security was founded in 2016. Its flagship platform, Horangi Warden, is a cloud-native solution that secures critical cloud infrastructures for hundreds of enterprise organizations across all major public cloud platforms including AWS, Azure, and Google Cloud.
Grapevine MSP Technology Services and Lanpro Systems, two managed IT service companies in Bakersfield, California, have merged. The union combines the extensive experience, expertise, and resources of both companies to deliver superior IT services to clients throughout the region, the companies said.
The merger allows Grapevine MSP Technology Services and Lanpro Systems to integrate their best practices, technologies and methodologies, resulting in a streamlined and optimized IT service offering. Clients will benefit from the combined expertise and a comprehensive suite of IT solutions designed to enhance efficiency, reliability and security.
“Our partnership marks a significant milestone for both companies and the San Joaquin Valley’s business community,” said Joe Gregory, president and CEO of Grapevine MSP Technology Services. “By combining our strengths, we have formed an IT service organization that is unrivaled in the region. Our clients will gain access to a broader range of expertise, increased resources, and a commitment to delivering the highest level of service excellence.”
All Grapevine MSP Technology Services management and ownership will remain the same. The Lanpro team will transition under the Grapevine MSP Technology Services name.
Informatica, the enterprise cloud data management provider, is acquiring Privitar, bringing advanced access controls and remediation for data privacy and security to Informatica’s AI powered Intelligent Data Management Cloud (IDMC) platform. Privitar is a UK-based data management access and privacy software provider that powers organizations to democratize the ethical and safe use of data across enterprises. The company’s modern data access management solution builds collaborative workflows and policy-based data privacy and access controls into data operations.
Data access management has emerged as a critical solution to help users create, enforce, and monitor data policies as hybrid and multicloud environments proliferate. A comprehensive data access management solution allows for the automation of secure, auditable and regulatory-compliant access to data assets, unlocking the power of data democratization. Adding Privitar’s data access management and privacy solution to the IDMC platform supports critical, high-growth use cases around cloud analytics, governance, data mesh and data marketplace.
Informatica, the enterprise cloud data management provider, is acquiring Privitar, bringing advanced access controls and remediation for data privacy and security to Informatica’s AI powered Intelligent Data Management Cloud (IDMC) platform. Privitar is a UK-based data management access and privacy software provider that powers organizations to democratize the ethical and safe use of data across enterprises. The company’s modern data access management solution builds collaborative workflows and policy-based data privacy and access controls into data operations.
Data access management has emerged as a critical solution to help users create, enforce, and monitor data policies as hybrid and multicloud environments proliferate. A comprehensive data access management solution allows for the automation of secure, auditable and regulatory-compliant access to data assets, unlocking the power of data democratization. Adding Privitar’s data access management and privacy solution to the IDMC platform supports critical, high-growth use cases around cloud analytics, governance, data mesh and data marketplace.
Channel M&A activity proved to be a little more sparse last month than what we’re used to. However, Channel Futures focused on eight significant deals from companies such as Bitdefender, Broadcom, IBM, Databricks and more that highlighted trends in the market.
For example, organizations focused on artificial intelligence are being acquired quickly. Databricks demonstrated that to be the case with its purchase of MosaicML, a generative AI platform, for $1.3 billion. MosaicML is known for its large language models (LLMs).
In other news, IBM plunked down $4.6 billion for an IT automation software provider. The deal will fuel IBM’s IT automation hybrid cloud management and AIOps software portfolio. The company it acquired has more than 1,500 clients, most of which are Fortune 100 companies.
Finally, the Broadcom-VMware acquisition is rolling out more slowly than a soap opera. The latest episode, however, is promising for Broadcom as the European Commission is reportedly set to provide conditional antitrust approval for it. Find out more in our slideshow above about the Commission’s investigation into the deal.
Looking for more? If you missed our previous edition, it’s here.
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