Nov
15
2017
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Two compliance companies merge to build a $100M firm

 Once upon a time there were two compliance companies. Smarsh was owned by Los Angeles-based private equity firm, K1 Investment Management. It worked with mostly SMBs. Another called Actiance worked with larger companies like the world’s biggest banks. This is the story of how K1 is bringing these two companies together.
Both companies are focused on archiving and compliance around… Read More

Nov
02
2017
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VMware acquires VeloCloud as it moves deeper into networking

 VMware announced today that it was acquiring VeloCloud, a startup that focuses on cloud-based wide area networks (WAN), those networks that span a broad area across data centers or regions. The companies did not reveal the purchase price.
The news confirms a report that The Information first reported  yesterday.
The company appears to be an excellent fit as one of the primary use cases is… Read More

Oct
19
2017
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Cisco to buy Perspica and fold engineering team into AppDynamics

 Cisco announced today that it intends to acquire Perspica, a machine learning-driven operations analytics firm that has raised $8.5 million. Cisco intends to fold Perspica’s team into AppDynamics, the company it purchased earlier this year for $3.7 billion. Cisco did not share the Perspica purchase price. All of these machinations have a purpose. Cisco is of course at its heart a… Read More

Oct
02
2017
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ServiceNow just bought a design firm because even enterprise apps have to look pretty

 ServiceNow is best known for helping large organizations organize field service and help desk activity. Today it bought design firm Telepathy because it knows that offering enterprise-class functionality isn’t enough anymore. Your applications have to look good too.
The company did not reveal the acquisition price
Telepathy is a design firm that was founded in 2001 in San Diego and… Read More

Jul
27
2017
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Mitel to buy ShoreTel for $430 million to create unified communications powerhouse

Streaks of colored lights race beneath the clouds and over an urban scene in a metaphor for cloud computing and communications technology. Sometimes combining two companies that compete in the same market provides a quick way to leapfrog your market share. That was likely the thinking behind Mitel’s decision to buy ShoreTel this morning for $430 million. Combining the two companies catapults Mitel to number two in the Unified Communications as a Service (UCaaS) market, according to the company. As for ShoreTel, while it… Read More

Jul
26
2017
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OpenText acquires forensic security vendor Guidance Software for $240 million

 OpenText, the content management company based in Waterloo, Ontario announced today that it was buying Guidance Software, a forensic security and eDiscovery vendor for $240 million.
OpenText agreed to pay Guidance shareholders $7.10 a share. The price will be less Guidance’s cash on hand of approximately $18 million, making the final price just around $222 million, according to OpenText. Read More

May
10
2017
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Zuora to acquire Leeyo to help customers cope with upcoming accounting rules changes

Subscription on smartphone Zuora, the company that helps customers deal with subscription billing, and counts cloud companies like Box, Okta and DocuSign as customers, announced its intent to acquire Leeyo Software, Inc., a privately funded, boot-strapped startup that helps automate revenue recognition. The company did not reveal a purchase price. Leeyo is not just any revenue recognition company, though, because it… Read More

May
01
2017
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Collaboration software company Jive to be acquired by Aurea for $462 million

Jive at IPO in 2011 Jive, a community collaboration software company that was one of the biggest Enterprise 2.0-era success stories, going public in 2011, announced today it had agreed to be acquired by ESW Capital’s Wave Systems for $462 million. It will become part of the Aurea family of companies. Read More

Apr
18
2017
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Microsoft acquires Intentional Software and brings old friend back into fold

 Microsoft announced today that it was acquiring Bellevue-based Intentional Software for an undisclosed amount of money. With the purchase, Charles Simonyi, Intentional founder, Chairman, and CTO, who helped develop some of Microsoft’s famous Office tools like Excel and Word returns to Microsoft. Simonyi left Microsoft in 2002 to launch Intentional. While it’s not crystal clear… Read More

Mar
28
2017
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Industrious buys PivotDesk, raises $25M to be WeWork without startup bros

 In the recruiting wars, a cool office is critical. Not just for scrappy startups, but big businesses with regional HQs, as well. So while WeWork signs questionable 20-year leases to provide desks for twenty-something engineers, Industrious is taking a more classy and conservative approach to coworking space. Read More

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