Latest M&A: Mindtree 'Takeover,' IBM Assuring Red Hat Employees
Not everyone is happy about IT industry consolidation.
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EY's Global Technology M&A 2Q2015 report revealed that mergers and acquisitions deals reached $127.2 billion in the second quarter of this year, higher than any quarter since 2000. The IoT, big data and mobility fueled M&A value and growth during the quarter, according to EY.
Not everyone is happy about IT industry consolidation.
We watched several Mindtree executives leave the consultancy firm in protest of acquisition they believe will harm the company. The controversy illustrates how mergers and acquisition balance more than just product portfolios and geographical footprints. Leaders must integrate cultures just as much as they are integrating goods and services.
For example, IBM is working to preserve Red Hat’s open source culture while combining the best of the two companies.
We covered Mindtree, IBM and six other big names in IT and cybersecurity in this recap of recent M&A. Take a stroll through the slideshow above.
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