Latest Channel M&A: HPE, T-Mobile, Accenture, ThreatLocker, Cisco, More
T-Mobile garnered some significant star power in March.
April 14, 2023
![Mergers and acquisitions including New Relic Mergers and acquisitions including New Relic](https://eu-images.contentstack.com/v3/assets/blt10e444bce2d36aa8/bltd425005ee6c4e607/6523ff53202ede436d1f7341/14-MA.jpg?width=700&auto=webp&quality=80&disable=upscale)
Hewlett Packard Enterprise (HPE) is acquiring OpsRamp to expand the reach of HPE GreenLake into the IT operations management (ITOM) market.
OpsRamp monitors, observes, automates and manages IT infrastructure, cloud resources, workloads and applications for hybrid and multicloud environments, including hyperscalers. OpsRamp was part of Hewlett Packard Pathfinder’s venture capital investment in 2020.
HPE GreenLake supports more than 65,000 customers, powers more than 2 million connected devices and manages more than one exabyte of data with customers worldwide.
How will HPE-OpsRamp deliver an “unmatched” offering? Learn more here.
Cisco is shelling out $200 million to $250 million for Lightspin Technologies, a cloud security software company in Israel.
Lightspin’s solution provides end-to-end cloud security posture management (CSPM) across cloud-native resources.
Vijoy Pandey, Cisco’s senior vice president of engineering, said: “Lightspin takes a unique approach to contextualized cloud-security coverage, using graph-based technology to deliver key context, prioritization and remediation recommendations.”
Learn more here about how Cisco is continually investing in cloud security.
ThreatLocker is acquiring assets of virtualization technology HyperQube.
HyperQube enables enterprises to build an exact copy of any IT infrastructure or network to determine how the connected environment responds to changes caused by software updates, new technologies, and unplanned events such as outages or cyberattacks.
The acquisition of HyperQube‘s assets will take the guesswork out of unknown applications, resulting in better decision-making for IT professionals.
Read more about the deal here.
SAP is selling its majority stake in Qualtrics to Silver Lake and the Canadian Pension Plan Investment Board (CPP Investments). The two organizations collectively created funds called “Silver Lake,” which has agreed to buy Qualtrics for $12.5 billion.
Qualtrics expects the deal to close in the second half of this year, pending regulatory approvals. SAP will net $7.7 billion for its stake. SAP paid $8 billion to acquire the experience management (XM) software provider in 2019. In 2021, SAP spun off a chunk of Qualtrics’ shares in an initial public offering (IPO).
SAP has said it plans to “sharpen” its portfolio. Learn how here.
MSP solutions provider ScalePad is buying ControlMap, a governance, risk and compliance (GRC) platform for managed service providers.
“The acquisition of ControlMap allows us to deepen our relationship with our partners by adding security and compliance services that are critical for MSPs to deliver to their customers,” Dan Wensley, CEO at ScalePad, said. “Combined with ScalePad’s existing solutions, we now have extended our capabilities to further deliver a unified and integrated solution set for MSPs looking to drive growth and manage risk. We are thrilled to welcome ControlMap’s partners and employees to the ScalePad team, which is now over 150 strong.”
Find out more about how ScalePad will provide access to a highly automated, comprehensive cybersecurity compliance and risk management platform.
Accenture is to acquire India-based industrial artificial intelligence (AI) company Flutura.
Flutura will “strengthen Accenture’s industrial AI services to increase the performance of plants, refineries and supply chains while also enabling clients to accomplish their net zero goals faster,” the company said.
Accenture said companies need strong AI capabilities to build a digital core and become more successful, per the firm’s research. Another Accenture study found that most companies are not very AI-mature and have hardly uncovered the technology’s potential.
Accenture has acquired other AI technologies. Learn which ones here.
Rapid7 is buying Minerva Labs, the anti-evasion and ransomware prevention technology provider, for $38 million in cash and stock.
Rapid7 will further extend its managed threat detection capabilities with the ability to offer advanced ransomware prevention. These new capabilities will extend managed detection and response (MDR) across cloud resources, traditional infrastructure, and existing endpoint protection infrastructure. That will enable customers to further consolidate their security investments.
Minerva Labs was co-founded in 2014 by Eddy Bobritsky and Erez Breiman. It helps organizations mitigate the risks associated with ransomware.
Find out here what Rapid7 gets from the Minerva Labs purchase.
Optiv has acquired ClearShark, an advisor and value-added reseller of cybersecurity and modernization technology to the U.S. government. Optiv said the combination creates a “federal sector powerhouse.”
“ClearShark is now the cornerstone of a vibrant Optiv federal business where we will together bring a new level of world-class federal capabilities to the market at scale,” said Kevin Lynch, Optiv’s CEO. “Between the uptick in cyberattacks, the recent Biden-Harris Administration’s National Cybersecurity Strategy and other security regulations, cybersecurity has never been more vital. Together with ClearShark, we are primed to better help federal agencies and contractors ensure a strong cybersecurity posture and build a lasting legacy in the public sector space.”
Find out more about how Optiv will better serve clients with ClearShark.
Upstack has acquired LinkSource Technologies and The Monaco Group (TMG).
The deals, whose financial terms Upstack did not disclose, bring two of Intelisys’ top partners into the Upstack family. At a high level, buying LinkSource gives Upstack a pathway into hardware sourcing, and The Monaco Group gives enterprise-focused advisory services. Moreover, both agencies bring Upstack deep customer bases that the partners have developed over the years.
Leaders at both acquired companies stated that the resources and people at Upstack would help them grow their businesses. Upstack boasts more than $50 million in private equity funding from Berkshire Partners as well as more than $100 million in financing from MidCap Financial and Morgan Stanley Private Credit.
Why do experts say Upstack is well-positioned to deliver on customer experience? Discover more here.
XM Cyber has acquired Confluera, a next-generation cyberattack detection and response for the cloud. XM Cyber now offers a comprehensive cloud-native application protection platform (CNAPP) solution. This uses the company’s attack path modeling to prioritize and assess real risk to critical assets in the cloud.
Together with Confluera, XM Cyber’s Continuous Exposure Management platform will provide all aspects of cloud security. With the addition of Confluera, organizations can continuously monitor their cloud environments in real-time to see if they are actually being exploited. They can block the attacker’s progress before any damage is caused.
Discover how cyber partners get a holistic cloud security solution from a single vendor.
T-Mobile is acquiring Ka’ena Corp. and its three wireless subsidiaries, which have functioned as exclusive T-Mobile partners.
The self-styled “un-carrier” acquired Ka’ena for 39% cash and 61% stock. That adds up to a maximum of $1.35 billion. The deal brings over online direct-to-consumer wireless provider Mint Mobile, mobile virtual network operator (MVNO) Ultra Mobile and wholesaler Plum.
Initial media attention has focused on Mint Mobile, of which actor Ryan Reynolds owned approximately 25%. Reynolds has functioned as spokesperson for Mint Mobile since buying his minority stake in 2019.
Find out more about T-mobile’s background regarding acquisitions.
Photo courtesy Dfree/Shutterstock
T-Mobile is acquiring Ka’ena Corp. and its three wireless subsidiaries, which have functioned as exclusive T-Mobile partners.
The self-styled “un-carrier” acquired Ka’ena for 39% cash and 61% stock. That adds up to a maximum of $1.35 billion. The deal brings over online direct-to-consumer wireless provider Mint Mobile, mobile virtual network operator (MVNO) Ultra Mobile and wholesaler Plum.
Initial media attention has focused on Mint Mobile, of which actor Ryan Reynolds owned approximately 25%. Reynolds has functioned as spokesperson for Mint Mobile since buying his minority stake in 2019.
Find out more about T-mobile’s background regarding acquisitions.
Photo courtesy Dfree/Shutterstock
The latest M&A in the channel this year has proven steady, and deals in March by HPE, T-Mobile, Accenture, ThreatLocker and more demonstrated that to be true.
Maybe the most exciting deal last month focused on the power of celebrity. When T-Mobile acquired Ka’ena Corp., it brought over Mint Mobile. Actor and heartthrob Ryan Reynolds owns approximately 25% of Mint Mobile and has served as the company’s spokesperson. As a result, interest in the T-Mobile deal skyrocketed.
As you’ll see in our slideshow above, cybersecurity transactions may not have the cache of Hollywood royalty, but they were prominent last month. ScalePad demonstrated that it prioritizes governance, risk and compliance when it bought ControlMap. The transition further delivers a “unified and integrated solution set for MSPs looking to drive growth and manage risk,” according to ScalePad’s CEO Dan Wensley.
Not to be left out of the security race, Cisco is buying Israel-based Lightspin Technologies for nearly $250 million. The company offers end-to-end security posture management (CSPM) across cloud-native resources. It’s just one way Cisco is continually investing in cloud security.
And that’s the gist for M&A. If you didn’t catch our previous edition, you can find it here. See you next month.
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. |
About the Author(s)
You May Also Like