Technology News For March 2014 Plus A Look At March
A Brief History of March from previous times... Five years ago in March 2009, Google was featured in the press for establishing the $100 million venture fund. Bell Canada bought "the Source" and the dissolution of BearingPoint Post Chapter 11, benefited Deloitte and PwC as well as other companies across the globe. March of 2010 witnessed a continuation of the recovery of the economy. It was a slow month for M&A activity , with CA purchasing both 3Tera for $90 million, and Nimsoft at $350 million. Chordiant was acquired by Pegasytems for just more than $160 million. another notable deal was Avnet's purchase of $340 million from Bell Microproducts. Three years ago three years ago, in March 2011, global events were dominated by the tsunami, earthquake and the subsequent nuclear disaster. The most significant technology-related event that month was the announcement by AT&T of the signing of a $39.9 Billion deal to purchase T-Mobile... that was later canceled and cost AT&T an estimated $4 billion. Although there weren't any other mega-deals like this, it was a busy month for M&A in the world. Montreal's Radian6 was bought by Salesforce.com for $276 million. Facebook has made two acquisitions in the mobile market Snaptu as well techteto as Beluga; YouTube paid about $50 million for Next New Networks; McAfee purchased database security company Sentrigo; Cisco bought portal company newScale; Teradata bought data analytics company Aster Data... an extension of the consolidation taking place in the hot data market as well as OpenText acquired a mobile application developer tool maker WeComm. In March 2012, it was a time of activity, with a few (then) young businesses receiving substantial capital Appirio ($60 millions) as well as Hootsuite ($20 millions). Cisco has made a few acquisitions, paying an astounding five billion dollars for the video-related software content firm NDS Group in addition to an acquisition of a smaller size for network management, ClearAccess. NEC bought $450m for the data management division that is part of Convergys and Avaya bought $230 million from the Israeli videoconferencing and telepresence firm Radvision. Other companies that were on the acquisition trail included DELL, EMC, SafeNet, Avnet and The Utility Company. Then, SAIC agreed to pay nearly a half million dollars in New York City. City of New York related to charges that it overbilled and also made kickbacks! In March 2013, certain among the "usual characters" were making acquisitions, however there were no billion-dollar deals made public. Oracle continued to expand into the telco market with the acquisition from Tekelec; Google bought a small Toronto University based company DNNresearch in the machine-learning sector; Microsoft sold Atlas Advertiser Suite to Facebook as well as Yahoo purchased Summly. Microsoft faced some issues in the EU and had to pay $732 million in antitrust fines in connection with Internet Explorer and Evernote suffered an attack on security that affected fifty million people. This will bring us to moment... The month of March in 2014 was not a booming month for acquisitions, but there was one major deal with Facebook making a somewhat unexpected, $2 billion acquisition of the virtual reality firm Oculus VR. Intel has also broadened its horizons by acquiring $150 million of the maker of smart watches, Basis Science. Other interesting developments included an investment into "big data" company Cloudera which has the two companies Google (as as part of an investment group) and Intel in the. SAP has added purchasing to its software suite by acquiring from Fieldglass and Telus made two purchases, Enode a management consulting firm based out of Quebec as well as Med Access an addition, located in British Columbia, to their health division. There were other smaller deals , plus Embarcadero purchased its ERwinDate Modelling software from CA. Apart from M&A activities, there were several companies that were making headlines, and not all of them for good reasons! IBM's sale of its servers to Lenovo has led to some major problems for workers within China, Google was ordered to pay $85 million to SimpleAir in a case of patent infringement, and NetApp announced that it would lay off 5percent of its employees which is equivalent to 600 jobs. A few Bitcoin exchanges have run into major problems, due to Mt.Gox "losing" $500 million in bitcoins, and Vicurex shutting down all its accounts following a major hack. The most notable "people events" in March led to Target's CIO Beth Jacob resign in response to the latest major breach of data and Symantec dismissed its CEO Steve Bennett. Economic news was, at best "tepid" in Canada, with the unemployment rate remaining unchanged and the indicators typically "blah" (that is one of my favorite economic phrases). The indicators in the US however were generally optimistic with GDP growth, various confidence indicators showing promising signs and a forecast of more hiring.  

Leave a Reply

Your email address will not be published. Required fields are marked *