Latest M&A: Intel, HP, Datto, SentinelOne, Google, Upstack, Thoma Bravo, More
HP's $3.3 billion Poly deal is expected to close at the end of the year.
April 14, 2022
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HP is buying Poly, the global provider of workplace collaboration solutions, for $1.7 billion in cash. HP has offered $40 for each share of Poly. Including debt, the buyout is valued at $3.3 billion. Expect the deal to close by the end of 2022.
The acquisition accelerates HP’s strategy to create a more growth-oriented portfolio, the company said. It strengthens its industry opportunity in hybrid work solutions and positions the company for long-term sustainable growth and value creation.
Read more about how this deal will affect Zoom.
Google is buying cybersecurity provider Mandiant to merge it with the public cloud provider Google Cloud.
The acquisition would widen the scope of Google Cloud’s security services by bringing in Mandiant’s deep threat intelligence resources.
Google is spending $23 per Mandiant share, which totals about $5.4 billion. The companies said they expect the deal to close later this year, following stockholder and regulatory approvals.
How will Mandiant’s services complement several Google Cloud services? Read here.
Datto reportedly is considering its strategic options, including a possible sale, after receiving takeover interest from private equity firms.
Datto is working with a financial adviser to solicit interest from potential suitors. Private equity firms have already expressed interest in Datto, said one of the persons it cited.
Who is likely to buy Datto? Read Edward Gately’s article here.
Intel is acquiring Israel-based Granulate Cloud Solutions in a deal reportedly worth $650 million.
Granulate develops real-time continuous optimization software. The acquisition will help cloud and data center customers maximize compute workload performance and reduce infrastructure and cloud costs.
The transaction should wrap in the second quarter of 2022.
Learn how the two companies began working with each other in 2019.
Park Place Technologies partners will gain new capabilities from the company’s acquisition of Reliant Technology, a third-party maintenance, support and hardware provider.
Reliant Technology offers third-party maintenance and support for storage, network and server devices. The business supports all major OEM brands and serves nearly 500 clients in North America, Africa, Europe and Asia.
Learn how Park Place will deepen its professional services offerings.
It’s a big price tag. At $616.5 million, SentinelOne, the autonomous cybersecurity platform company, bought Attivo Networks, an identity security and lateral movement protection company.
This acquisition extends SentinelOne’s AI-powered prevention, detection and response capabilities to identity-based threats. It sets the standard for XDR and accelerating enterprise zero trust adoption, the company said.
Learn what SentinelOne’s autonomous XDR brings to the table.
Sangoma, the communications-as-a-service provider, has acquired NetFortris for $80 million. The deal extends Sangoma’s suite of cloud services with new MSP capabilities, which it says means more one-stop shopping for customers. It’s the company’s eleventh acquisition in eleven years.
A critical part of the company’s existing strategy, and its competitive differentiation, means providing customers with the widest set of cloud communications services. This avoids the need for customers to buy many different services from multiple different vendors. The acquisition of NetFortris further extends that strategy.
Read more about the financial rationale for this deal.
Invictus Growth Partners has acquired Revation Systems, the provider of cloud-based engagement and communication solutions.
Founded in 2003, Revation developed a secure messaging and cloud contact center platform. It powers digital customer service and contact center solutions for more than 600 health care and financial services customers in the United States. Revation says its LinkLive product has enabled billions of communication sessions for secure financial services and health care interactions.
The acquisition includes a significant capital investment to accelerate sales of LinkLive. The company plans to make enhancements that further automate customer engagement while lowering costs.
Read about Invictus’ experience in artificial intelligence and SaaS.
Netsurit has acquired Evoke, a digital transformation company. Evoke delivers user experience, business intelligence and business automation to organizations worldwide.
Trace3 has acquired LaSalle Solutions, a business division of Fifth Third Bank. This is to further enhance the tech portfolio available to clients of both companies. It also significantly increases Trace3’s national footprint.
Thrive, the provider of next-gen managed services, has acquired SouthTech, a managed technology solutions company in Florida. The acquisition will provide businesses throughout the region with enhanced IT support.
Read more about these three acquisitions.
Meridian Network Services
California-based telecommunications agency Meridian Network Services agreed to a deal with Upstack.
The 21-year-old technology advisory firm has joined the group of agencies purchased by private equity-fueled Upstack. Meridian founder and president Stacey Dupree is taking on the title of partner at Upstack.
Dupree launched Meridian, which offers a range of services, including procurement, implementation support, customer support, auditing and telecom expense management. Meridian won Mitel’s New Partner of the Year Award last year. It also won Calltower’s Elite 2020 Partner of the Year award.
Learn more about private equity and the channel here.
United Technology
New York-based advisory firm United Technology is joining the Upstack family.
It did not disclose financial details. United Technology president Trish Van de Bovenkamp is joining the company as partner and managing director.
Multiple companies had made “unsolicited offers” to purchase Van de Bovemkamp’s agency. She engaged in conversations with the various suitors but found a match in Upstack. First, she said Upstack is looking to engage the entire customer life cycle, which expands from procurement into management. In addition, she said Upstack gives her important resources.
Read James Anderson’s article to learn more.
Thoma Bravo is acquiring Anaplan, the business planning software company, worth about $10.7 billion.
Thoma Bravo’s offer represents a 45% premium over Anaplan’s value as of March 18. When complete, Anaplan will become a privately held company.
Anaplan’s board of directors unanimously approved the acquisition. The deal should close in the first half of 2022 subject to customary closing conditions. Those include approval by Anaplan stockholders and regulatory approval.
Read about Anaplan’s future growth.
IntelliSite is merging its offering with that of Broad Sky Networks a year and a half after acquiring the wireless connectivity solutions provider.
IntelliSite and Broad Sky, which function as subsidiaries in the same holding company, will merge with one another. The integration brings together Broad Sky’s wireless connectivity with IntelliSite’s AI-based IoT platform.
IntelliSite in 2020 acquired Broad Sky. The deal led to the creation of a holding company called Epic IO Technologies. However, IntelliSite and Broad Sky Networks continued to work as independent subsidiaries until now.
Read about Epic’s $30 million loan from Runway Growth Capital.
Zimperium, the mobile security platform for enterprises, is being acquired by private equity firm Liberty Strategic Capital for $525 million.
Liberty Strategic Capital is led by former U.S. Secretary of the Treasury Steven Mnuchin. He will chair Zimperium’s board of directors.
The investment will allow Zimperium to continue accelerating its growth, both organically and via strategic acquisitions. Zimperium provides mobile device and app security, offering real-time, on-device protection against both known and unknown threats.
Zimperium delivered record growth and momentum in 2021. Find out by how much.
Lingo Management is buying BullsEye Telecom in a move executives say will create a $250 million North American network operator.
Southfield, Michigan-based BullsEye will join Atlanta-based Lingo for an undisclosed sum. BullsEye brings enterprise and SMB customers as well as carrier customers to Lingo. The combined company will provide cloud communications and managed services. Its technologies include security, fiber, SD-WAN, managed Wi-Fi, POTS and POTS replacement.
What will the channel impact of this deal be? Read here.
Luxembourg-based Sword Group is buying Scottish MSP Ping Network Solutions.
Sword Group described Ping as “an award-winning network and security systems integrator and managed service provider.” The company has a revenue forecast of about €13 million for 2022.
Sword didn’t say how much it’s paying for Ping. Last month the company sold its Governance, Risk and Compliance (GRC) business to Riskonnect. This would enable its net cash position to “grow very significantly” and allow the financing of new acquisitions.
Discover how much Sword posted in revenues.
Wave
Bridgepointe Technologies is deepening its sales footprint in the Northeast with an investment in Wave, which sells to midmarket and enterprise customers as well as running a partner program. The deal harnesses funds from Charlesbank’s $100-plus million strategic investment in Bridgepointe.
Read more here.
Reaction Communications
Channel partner Reaction Communications has accepted funding from Bridgepointe Technologies.
Bridgepointe offered the money as part of its $100 million-plus strategic investment from Charlesbank Capital Partners. Reaction joins a list of technology advisory firms that have accepted funding from San Mateo, California-based Bridgepointe.
Discover Bridgepointe’s other investments.
Vinco
Bridgepointe Technologies is using its $100 million-plus Charlesbank Capital Partners investment to pour money into another one its partners.
Bridgepointe has made a growth investment in California-based IT strategy firm Vinco. Vinco founder Joe Vincent now has the role of associate partner at Bridgepointe.
Read about Bridgepointe’s plans to help businesses modernize their infrastructure.
Net2phone, the cloud and voice communications provider, is buying Integra CCS. Integra CCS is a contact-center-as-a-service (CCaaS) provider operating in the Americas and Europe.
Integra says its platform provides a rich set of contact center and process features. These include omnichannel support, social media integrations, chat-bot communications, workflow management and development tools. These allow for tailored contact center solutions and numerous third-party software integrations.
See Net2phone’s holistic solution offerings.
IT services firm Exigent Technologies has acquired West Coast managed service provider Realtime Technologies. Realtime Technologies is an MSP focused on the retail, health care, legal, government and media/entertainment sectors.
This acquisition allows Exigent to significantly expand its geographic reach. It provides the New Jersey-based IT services firm with the ability to service and support West Coast clients. Realtime Technologies has offices in Los Angeles and Denver.
Read about Realtime’s full suite of IT services.
CallTower is buying OneStream Networks, the Rochester, New York-based global provider of voice solutions. CallTower didn’t say how much it’s paying for OneStream.
In joining forces, CallTower will deliver a broader range of global communication solutions and services to customers. OneStream’s global cloud-connected and premises-based SIP voice services include Cisco Cloud Connected PSTN (with Webex Calling, Cisco Unified Communication Manager [UCM] Cloud, Webex Dedicated Instance and Webex Contact Center), Zoom, Avaya, Genesys, NICE CXone and Microsoft Direct Routing.
See how the acquisition helps CallTower’s international presence.
CallTower is buying OneStream Networks, the Rochester, New York-based global provider of voice solutions. CallTower didn’t say how much it’s paying for OneStream.
In joining forces, CallTower will deliver a broader range of global communication solutions and services to customers. OneStream’s global cloud-connected and premises-based SIP voice services include Cisco Cloud Connected PSTN (with Webex Calling, Cisco Unified Communication Manager [UCM] Cloud, Webex Dedicated Instance and Webex Contact Center), Zoom, Avaya, Genesys, NICE CXone and Microsoft Direct Routing.
See how the acquisition helps CallTower’s international presence.
In March we reported on at least two dozen deals in the channel, including those involving Intel, Upstack, Thoma Bravo and more. A few of the companies we feature engaged in multiple investments in the month alone.
When it comes to pocket change, you’ll find one tech giant dropped $5.4 billion on an acquisition. It should be easy to guess which one.
Some firms made geographic inroads with their deals. Exigent Technologies, for example, expanded its reach from the East Coast to the West Coast, while others solidified their business abroad.
However, other companies kept us guessing. Take Datto. Will private equity firms buy the company?
Finally, in the slideshow above, find out which company Thoma Bravo is acquiring in a deal worth $10.7 billion.
To review the M&A we featured last month, go 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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