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Posts Tagged ‘mergers and acquisitions’

Forescout to be acquired by a pair of private equity firms for $1.9B

Forescout, the network security company that has been publicly traded since 2017, announced today it was going private again. Private equity firms Advent International and Crosspoint Capital are acquiring the company in an all-cash purchase of $1.9 billion. The two private equity firms will pay $33 per share, which represented a premium of 30% over ...

Insight Partners acquires data management company Veeam for $5B

Last year Insight Partners invested $500 million in cloud data management company Veeam. It apparently liked the company so much that today it announced it has acquired the Swiss startup for $5 billion. Veeam helps customers with cloud data backup and disaster recovery. The company, which has been based in Baar, Switzerland, says that it ...

Cloudflare acquires stealthy startup S2 Systems, announces Cloudflare for Teams

Cloudflare announced that it has acquired S2 Systems, a browser isolation startup started by former Microsoft execs. The two companies did not reveal the acquisition price. Matthew Prince, co-founder and CEO at Cloudflare, says that this acquisition is part of a new suite of products called Cloudflare for Teams, which has been designed to protect ...

F5 acquires Shape Security for $1B

F5 got an expensive holiday present today, snagging startup Shape Security for approximately $1 billion. What the networking company gets with a shiny red ribbon is a security product that helps stop automated attacks like credential stuffing. In an article earlier this year, Shape CTO Shuman Ghosemajumder explained what the company does: “We’re an enterprise-focused ...

LogMeIn agrees to be acquired by Francisco Partners and Evergreen for $4.3B

LogMeIn announced this morning that it has agreed to be sold for $4.3 billion to affiliates of Francisco Partners and Evergreen Coast Capital Corporation, the private equity affiliate of Elliott Management Corporation. The purchase price comes out to $86.05 per share in an all-cash deal. The company had a 52-week high of $96.87 per share ...

Sumo Logic acquires JASK to fill security operations gap

Sumo Logic, a mature security event management startup with a valuation over $1 billion, announced today that it has acquired JASK, a security operations startup that raised almost $40 million. The companies did not share the terms of the deal. Sumo’s CEO Ramin Sayer, says that the combined companies give customers a complete security solution. ...

New Relic snags early stage serverless monitoring startup IOpipe

As we move from a world dominated by virtual machines to one of serverless, it changes the nature of monitoring, and vendors like New Relic certainly recognize that. This morning the company announced it was acquiring IOpipe, an early-stage Seattle serverless monitoring startup to help beef up its serverless monitoring chops. Terms of the deal ...

Thoma Bravo makes $3.9 billion offer to acquire security firm Sophos

Sophos announced this morning that private equity firm Thoma Bravo, has agreed to buy the British company for £3.1 billion ($3.9 billion USD). The price is based on $7.40 USD per share and the company indicated that the board of directors will recommend that shareholders accept the offer. Sophos CEO Kris Hagerman, as you would ...

Why chipmaker Broadcom is spending big bucks for aging enterprise software companies

Last year Broadcom, a chipmaker, raised eyebrows when it acquired CA Technologies, an enterprise software company with a broad portfolio of products, including a sizable mainframe software tools business. It paid close to $19 billion for the privilege. Then last week, the company opened up its wallet again and forked over $10.7 billion for Symantec’s ...

Salesforce is acquiring ClickSoftware for $1.35B

Another day, another Salesforce acquisition. Just days after closing the hefty $15.7 billion Tableau deal, the company opened its wallet again, this time announcing it has bought field service software company ClickSoftware for a tidy $1.35 billion. This one could help beef up the company’s field service offering, which falls under the Service Cloud umbrella. ...