Latest M&A: Broadcom, Nutanix, Citrix, Thoma Bravo, More
One cloud provider could be up for sale soon.
November 8, 2022
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The recent merger of 66degrees, a Google Cloud Premier Partner, with Pandera Systems, creates the second largest pure-play Google Cloud services firm in North America.
“The 66degrees and Pandera merger brings together two of the most advanced Google Cloud services firms on the planet,” said Pandera Systems CEO Kevin Curley. … We are excited to be able to expand 66degrees’ data and analytics and AI/ML capabilities to their existing customers.”
Learn how 66degrees and Pandera Systems offer a full suite of Google Cloud Services.
Sourcepass, No. 328 on our 2022 MSP 501 list, has acquired Infinity Computer Systems (Infinity). Infinity is a Microsoft partner that enhances the services of Microsoft Dynamics 365.
The acquisition now allows Sourcepass’ small and medium-sized business clients to access this sophisticated tool, along with Sourcepass’ support and wide portfolio of other IT solutions.
Learn how SMBs can integrate Microsoft Dynamics 365 with other business applications with Sourcepass.
Cloud and data center services provider Nutanix could be up for sale soon. The company is getting takeover interest.
Private equity firms or other big players in tech could be potential buyers, the Wall Street Journal reported. The paper cited “people familiar with the matter” who also said it’s “far from certain” that there will be an agreement. Those same people didn’t specifically name the potential buyers.
Nutanix specializes in software-defined storage, cloud infrastructure, disaster recovery, security and more. The company also has made large strides in hybrid cloud management.
Nutanix went public back in 2016. It’s coming off a stellar quarter, where it reported revenue of nearly $386 million.
Learn more about the company’s enhanced partner program.
Virginia-based ARG closed its acquisition of Florida-based GNS in recent months. ARG CEO Greg Praske praised Global Network Services for its reputation.
“We’ve had the privilege of being at the forefront of every stage in the channel advisory business and have met many of the leaders along the way,” Praske said. “It was obvious to us that GNS is one of our industry’s top performers.”
For 29-year-old GNS, joining forces allows its clients to benefit from a deeper portfolio and deeper set of professional services.
GNS has historically helped its clients find and implement networking, mobility and unified communications technologies. Joining ARG gives the firm access to a bench of engineers and client experience offers that can help it deliver offerings around managed cloud, security and customer experience.
Read more from James Anderson’s reporting about the acquisition.
Thoma Bravo is shelling out $2.3 billion for ForgeRock, an identity management company. The acquisition will take ForgeRock private. The all-cash transaction should close in the first half of 2023.
Chip Virnig is a partner at Thoma Bravo.
“Identity-centric cybersecurity solutions are a critical enabler for businesses to digitally transform their operations,” he said. “And ForgeRock’s solutions combine both the advanced security and customer usability needed in the market. We look forward to partnering with ForgeRock to leverage our deep sector expertise and support the company to capitalize on this tremendous market opportunity.”
Thoma Bravo is also buying Ping Identity. Find out the price tag here.
Tanzu is a strategic part of VMware‘s software portfolio and will remain so after Broadcom completes its $61 billion acquisition of VMware.
Broadcom’s CEO Hock Tan said many customers and partners are asking him how he sees the VMware Tanzu portfolio and Broadcom’s future commitment to the Tanzu business.
“VMware Tanzu customers are running some of the most mission-critical applications in the world,” he said. “As customers think about future investments in cloud-native applications and the modern application development space, they should feel confident in Broadcom’s commitment going forward.”
Discover more here about Broadcom’s main priority once the transaction is complete.
Vista Equity Partners is acquiring KnowBe4 for $4.6 billion. The all-cash transaction should wrap in the first half of 2023, and Vista Equity Partners will acquire all outstanding shares of the company for $24.90 per share in cash.
Discover here what other companies Vista Equity Partners has taken private.
11:11 Systems is buying another Sungard Availability Services (Sungard AS) business — this time it’s recovery services. It’s also buying the company’s cloud and managed services (CMS) business.
Sungard AS filed for Chapter 11 bankruptcy protection in April, the second time in three years. The company cited a series of factors that led to the bankruptcy round. In 2019, Sungard AS said the need was to reduce its debt by nearly $800 million.
Once the two Sungard AS acquisitions are complete, the combined resources, experience, talent, solution offerings and customer and partner ecosystems will be brought together. They’ll establish a global cyber resiliency and disaster recovery practice within 11:11.
Read more here from Edward Gately’s reporting.
Contrary to the rumors, Cybereason isn’t looking for a buyer and isn’t planning to sell the company.
“We are building an independent cybersecurity company for the long term,” said Lior Div, the company’s CEO and co-founder.
Part of that process included laying off 17% of its workforce in October.
“We are not looking to sell the business. This restructuring, while painful, positions us as a financially resilient, standalone market leader.”
Read more here from Edward Gately’s reporting about the Cybereason’s reprioritization.
Crexendo, a UCaaS solutions provider, is buying Allegiant Networks, a strong regional telecom and data services company. The goal is to grow its business throughout the Midwest. Crexendo is paying $2 million in cash and will issue 2,461,538 shares for the deal, which is expected to close in quarter four of this year.
Crexendo has M&A expansion plans, which Allegiant Networks now fits into.
Citrix is now part of the newly formed Cloud Software Group, a portfolio of six privately held software businesses. Private equity firms Vista Equity Partners and Evergreen Coast Capital on Friday completed their $16.5 billion acquisition of Citrix.
The deal brings the 33-year-old software company together with BI and application and data integration provider Tibco. Effectively, Cloud Software Group is breaking apart companies that Citrix and Tibco previously acquired into separate business operating groups.
Get more here from Jeffrey Schwartz’s reporting.
Auvik, the network monitoring software provider, is buying Saaslio, which offers software-as-a-service security and management. In addition, it’s purchasing Boardgent, a remote device management company.
These snap-ups are part of Auvik’s plans to expand its capabilities overall.
“Auvik, Saaslio and Boardgent have a similar approach to the market and how we value our clients. We believe that the combination of our deep expertise in network monitoring and management, experienced workforces, proprietary technologies and innovative solutions allows our unified company to deliver the ultimate network monitoring platform.”
How will the partnership between Auvik and Boardgent bolster existing endpoint management? Find out here.
Bridgepointe Technologies has acquired Cannon Group in a move that doubles Bridgepointe’s full-time staff and gives its partners a deep bench of professional services.
Pennsylvania-based Cannon provides expense and mobility management, strategic sourcing and transition management. It will operate as Bridgepointe’s customer life cycle management services division.
Discover how Charlesbank Capital Partners fueled the deal for Bridgepointe.
Kaseya has completed the integration of its acquisition of account receivables automation company ConnectBooster. This acquisition will enhance Kaseya’s platform, IT Complete, adding a suite for automated billing and collections.
“Every acquisition we make is aimed at making life easier for our MSP customers,” said Kaseya CEO Fred Voccola. “By fully integrating ConnectBooster into IT Complete, we’re able to help free up time for MSPs to focus on growing their businesses, and that ensures they can be more productive and profitable.”
Learn how ConnectBooster is now fully integrated with Kaseya BMS and Datto AutoTask.
Private equity-backed Upstack has acquired NPG Solutions, an independent technology and communications solutions advisor in New Albany, Ohio.
NPG Solutions provides supplier sourcing and management through its 10-step SmartSource process. It leverages the company’s proprietary SmartSpendIT supplier management tool to analyze customer needs, vet suppliers and select and manage solutions.
NPG Solutions is Upstack’s 25th partner investment in the past two years.
Upstack didn’t say how much it paid for NPG.
Find out why this acquisition is a beneficial for upstack.
Private equity-backed Upstack has acquired NPG Solutions, an independent technology and communications solutions advisor in New Albany, Ohio.
NPG Solutions provides supplier sourcing and management through its 10-step SmartSource process. It leverages the company’s proprietary SmartSpendIT supplier management tool to analyze customer needs, vet suppliers and select and manage solutions.
NPG Solutions is Upstack’s 25th partner investment in the past two years.
Upstack didn’t say how much it paid for NPG.
Find out why this acquisition is a beneficial for upstack.
In the slideshow above, you’ll find our latest M&A edition. It covers deals we reported on in October.
As of late, many concerns have circulated about a recession. However, based on the number of mergers and acquisitions we’ve observed during this period, one might think the economy is booming. Take this, for example: At least three of the deals on this list are for more than a billion dollars. Can you guess which ones?
Something we’ve mentioned before is that private equity is getting more involved in the channel. For this list, Vista Equity Partners and Thoma Bravo make big plays.
Lastly, we report on one company that actually didn’t enter a deal … yet. There’s a big rumor about one cloud and data center services provider.
Finally, if you didn’t catch our previous M&A gallery, 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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