Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for the ‘acquisition’ Category

IBM to Acquire Red Hat

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IBM and Red Hat have announced they have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion.

More simply put, IBM is acquiring Red Hat.

“The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” said Ginni Rometty, IBM Chairman, President and Chief Executive Officer. “IBM will become the world’s #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses.

“Most companies today are only 20 percent along their cloud journey, renting compute power to cut costs,” she said. “The next 80 percent is about unlocking real business value and driving growth. This is the next chapter of the cloud. It requires shifting business applications to hybrid cloud, extracting more data and optimizing every part of the business, from supply chains to sales.”

This acquisition brings together the best-in-class hybrid cloud providers and will enable companies to securely move all business applications to the cloud. Companies today are already using multiple clouds.

However, research shows that 80 percent of business workloads have yet to move to the cloud, held back by the proprietary nature of today’s cloud market. This prevents portability of data and applications across multiple clouds, data security in a multi-cloud environment and consistent cloud management.

“Open source is the default choice for modern IT solutions, and I’m incredibly proud of the role Red Hat has played in making that a reality in the enterprise,” said Jim Whitehurst, President and CEO, Red Hat. “Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience –  all while preserving our unique culture and unwavering commitment to open source innovation.”

BM and Red Hat will be strongly positioned to address this issue and accelerate hybrid multi-cloud adoption. Together, they will help clients create cloud-native business applications faster, drive greater portability and security of data and applications across multiple public and private clouds, all with consistent cloud management.

In doing so, they will draw on their shared leadership in key technologies, such as Linux, containers, Kubernetes, multi-cloud management, and cloud management and automation. 

IBM’s and Red Hat’s partnership has spanned 20 years, with IBM serving as an early supporter of Linux, collaborating with Red Hat to help develop and grow enterprise-grade Linux and more recently to bring enterprise Kubernetes and hybrid cloud solutions to customers.

These innovations have become core technologies within IBM’s $19 billion hybrid cloud business. Between them, IBM and Red Hat have contributed more to the open source community than any other organization.

With this acquisition, IBM will remain committed to Red Hat’s open governance, open source contributions, participation in the open source community and development model, and fostering its widespread developer ecosystem. In addition, IBM and Red Hat will remain committed to the continued freedom of open source, via such efforts as Patent Promise, GPL Cooperation Commitment, the Open Invention Network and the LOT Network.

IBM and Red Hat also will continue to build and enhance Red Hat partnerships, including those with major cloud providers, such as Amazon Web Services, Microsoft Azure, Google Cloud, Alibaba and more, in addition to the IBM Cloud. At the same time, Red Hat will benefit from IBM’s hybrid cloud and enterprise IT scale in helping expand their open source technology portfolio to businesses globally.

Written by turbotodd

October 29, 2018 at 1:22 pm

SiriusXM Serious About Acquiring Pandora

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Big deal in the works this Monday morning.

CNBC’s reporting that SiriusXM is going to buy Pandora in an all-stock deal valued at $3.5 billion. 

As The New York Times writes about the deal, “Pandora rose to success by providing tailored radio stations for its users that were sprinkled with ads” but that in recent years “it has struggled to compete with rival services like Spotify and Apple Music.

The Times also notes that Pandora has been a potential acquisition target for at least two years, and that SiriusXM had been in the running to buy the company since it injected $480 million of funding into the company last year.

The agreement between SiriusXM and Pandora includes a “go-shop” provision where Pandora “may actively solicit, receive, evaluate, and potentially enter negotiations with parties that offer alternative proposals following the execution date of the definitive agreement.”

The company’s acquisition of Pandora would make SiriusXM the world’s largest audio entertainment company, with over $7 billion in combined revenue in 2018.

Written by turbotodd

September 24, 2018 at 10:01 am

Posted in 2018, acquisition

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Amazon PillPack

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CNBC is reporting that Amazon will acquire online pharmacy PillPack “in a deal that could disrupt the U.S. drugstore business.

PillPack’s core business is the packing, organizing, and delivery of drugs, and sends consumers packages with the specific number of medications they’re supposed to take at specific times.

CNBC writes that:

The deal is the strongest indication yet of Amazon’s intent to move further into the health-care industry. It threatens to remove one of the few distinguishing factors pharmacy chains have relied on to fend off Amazon, the sale of prescription drugs. Retailers like Walgreens Boots Alliance, CVS Health and Rite Aid have seen their so-called “front of store” sales threatened as shoppers increasingly buy household staples online or from convenience stores.

PillPack is currently licensed to ship prescriptions in 49 states, and apparently PillPack had been in previous discussions with Walmart about a sale for less than $1 billion.

Terms of the Amazon deal were not disclosed.

Written by turbotodd

June 28, 2018 at 8:59 am

IBM Acquires Vivant Digital Business in Australia

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IBM today announced its intention to acquire Vivant Digital business (Vivant), a boutique digital and innovation agency based here. This acquisition extends the strategy and design expertise of IBM iX, one of the world’s largest digital agencies and global business design partners, with Vivant talent and expertise to accelerate clients’ digital transformations.

The CEO and founder of Vivant, Anthony Farah, will also take the role of Digital Strategy & iX Leader for IBM Australia and New Zealand.

With close to a decade of innovation consultancy experience, Vivant has established a strong reputation for its design philosophy and innovative approach, using insights from behavioral science, data and technology for Australian start-ups and corporates, primarily in the financial services and distribution industries.

Together IBM iX and Vivant, based in Sydney and Melbourne, will address the growing need of clients seeking transformation though innovative digital business models and bold customer experiences.

This adds to IBM acquisitions made during 2016 as it rapidly expands its iX global capabilities in strategic ways to better serve clients. From strategy and design to scalable digital, commerce and mobile, IBM iX’s team of specialists work side-by-side with clients across more than 36 global IBM Studios. Working at the intersection of strategy, creativity and technology, IBM iX helps clients digitally reinvent their businesses.

The acquisition is expected to close in the fourth quarter of 2017, subject to applicable regulatory review and customary closing conditions. Financial details were not disclosed.

Written by turbotodd

October 4, 2017 at 9:13 am

Alexa, Buy Graphiq

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Amazon’s doing some shopping of its own, this week acquiring Santa Barbara-based data analytics and search engine startup Graphiq for an estimated $50M.

According to Crunchbase, Graphiq positioned itself as a data aggregation and visualization company focused on turning cmoplicated data into contextually-rich presentations of the world’s knowledge.

The company was founded in 2009 as “FindTheBest,” according to the LA Times, and was co-founded with former DoubleClick CEO and Founder, Kevin O’Connor.

How will Graphiq’s technology possibly be used in the Amazon?

The technology Graphiq has developed to connect the dots between billions of pieces of information could be valuable to Amazon as it tries to make Alexa smarter. Akin to Siri on the iPhone, Alexa answers queries about the weather, sports and other topics on devices such as Amazon’s Echo speaker. Last year, Graphiq produced a now-unavilable Alexa app that aimed to answer questions such as “What is the fastest 2016 sedan?” according to app aggregation website ChatBottle. Amazon also gave Graphiq access to a database about books to put its technology to the test, according to a source.
– via latimes.com

Written by turbotodd

July 21, 2017 at 10:41 am

Apple Acquires Workflow

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Happy Thursday… Much as with March Madness, there were some significant upsets yesterday in the Dell World Golf Championships here in Austin Texas… Most tragic was last year’s winner, Jason Day, announcing his withdrawal from the tournament after six holes due to his mother’s terminal cancer. He held a gutwrenching press conference, but the former world number one golfer clearly has his priorities in the right place.

Jason, here’s wishing you and your entire family all the best as your mom fights for her life. For those of us familiar with your backstory, we know how much of a fighter she is and how much she helped you get to where you are today.

Now, back to the technology news of the day: Apple has finalized a deal to acquire Workflow, a tool that lets you put together apps and functions within apps in strings of commands to automate tasks.

TechCrunch reported the news, but was unable to get financial details for the deal. As they write:

Workflow has been around for a couple of years and we’ve covered it and its updates. It shares some similarity with the service IFTTT, in that it allows people to group together a bunch of actions that can allow them to perform complicated tasks with one tap. It had built up a sizeable number of users and downloads over the past few years.
– via TechCrunch

They also report that the Workflow app will continue to be made available on the App Store and will be made free later today.

Which makes all you people who bought the app in the last week suckers.

Written by turbotodd

March 23, 2017 at 10:07 am

IBM Plans to Acquire Security Visualization And Management Firm Agile 3 Solutions

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IBM Security today announced plans to acquire Agile 3 Solutions, a developer of software used by the C-Suite and senior executives to better visualize, understand and manage risks associated with the protection of sensitive data.

The addition of Agile 3 Solutions’ capabilities to IBM Security’s portfolio adds an intuitive tool to improve C-Suite decision making as businesses prepare to defend themselves against cybercrime.

As cybersecurity has become a board-level issue, there is a growing need for the C-suite and the Board to understand their security posture through the lens of business risk, not just the technical security data and metrics.

Business leaders must be equipped to make risk-based decisions and prioritize investments toward the cybersecurity readiness and resilience. In fact, Gartner predicted that “by 2017, 80% of IT risk and security organizations will report metrics to non-IT executive decision makers; however, only 20% will be considered useful by the target audience.”

Agile 3 Solutions is a San Francisco-based, privately held company that provides business leaders with a comprehensive, business-friendly dashboard and intuitive data risk control center to help uncover, analyze, and visualize data-related business risks.

Financial terms of the deal were not disclosed and the transaction is expected to close within several weeks.

For more information about Agile 3 Solutions, go to http://www.ibm.com/security/announce/agile3/

Written by turbotodd

January 23, 2017 at 8:43 am

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