Updated Jan 9 Accenture is to acquire Symantec’s managed cybersecurity services (MSSP) arm – two months after Broadcom closed a $10.7 billion deal to buy the security provider outright.

The move will look to beef up Accenture Security and aim to make it a leading provider of managed security services. Accenture will secure Symantec’s six operations centres, in the US, the UK, India, Australia, Singapore and Japan,...

New York-based private equity firm Insight Partners has acquired California-based enterprise IoT security provider Armis for $1.1 billion (£838.5m).

Armis allows organisations to safely adopt unmanaged and IoT devices throughout their business. As CTO Nadir Izrael puts it: “One of the biggest challenges keeping CIOs and CISOs up at night is how to secure the unmanaged devices proliferating through their businesses, from...

Scope AR, a San Francisco-based provider of enterprise-focused augmented reality (AR) software, has announced it is to acquire AR studio WakingApp.

WakingApp offers a proprietary AR platform which focuses on being of use to enterprises across industries. The company said it was ‘thrilled’ to join Scope AR and ‘become an integral part in the delivery of first-class AR solutions to enterprise organisations.’

A new analysis on global mergers and acquisitions (M&A) activity in enterprise software found a total of 651 signed transactions in the first half of 2019 (H1-2019).

According to the study, from Hampleton Partners, the trailing 30-month median enterprise value/EBITDA multiple peaked at 17.5x, inching up compared to 2018 levels. The revenue multiples also grew to 3.8x.

Two major M&A...

Telecom expense management (TEM) software provider Tangoe has acquired managed mobility services (MMS) firm MOBI in another sign of consolidation in the enterprise mobility space.

Both companies will be familiar to regular readers of this publication – and their two technologies will seemingly complement one another. Indeed, Tangoe has been thinking about this space for some time;

Citrix has announced the acquisition of enterprise micro-app software provider Sapho for $200 million (£155.6m) to help ‘redefine the employee experience.’

Regular readers of this publication will be aware of Sapho’s modus operandi. The company aims to break down monolithic behemoth apps into micro-apps in one mobile, social-esque feed, whether it’s expense approvals from Concur or PO approvals from...

Slack has announced it has acquired AI-influenced email software provider Astro - and its first step is to shut down its service.

Visitors to Astro's site will be met with the news that the company's apps for Mac, iOS, Android, Amazon Alexa and Slack will be shut down on October 10, while new users will no longer be able to sign up.

Andy Pflaum, CEO of Astro, wrote: "We started in 2015 with a mission to bring intelligence to workplace communications, starting with email. We know email continues...

Slack has announced it has raised an additional $427 million (£332m) of investment in a series H equity round, taking the company’s post-money valuation to more than $7.1 billion.

The round was led by Dragoneer Investment Group and General Atlantic, joining T. Rowe Price Associates Inc, as well as Wellington Management, Baillie Gifford and Sands Capital.

“The way people work is...

The efficient management of sensitive and confidential documents is crucial to the completion of a smooth M&A process.

From a seller’s perspective, decisions need to be made throughout the process about who has access to what information, due to competition and privacy concerns. From a buyer’s perspective, the transaction will only proceed once the...

Software as a service collaboration platform provider Smartsheet is to acquire Converse.AI to help give the company another ‘step forward’ in its ethos on automation in the workplace.

The Washington-based firm aims to give organisations a one-stop-shop with wide visibility on projects through collaborative dashboards, widgets, calendars, and more. Customers include more than half of the Fortune 500, including Netflix and Cisco. Converse.AI integrates with enterprise social products such as Slack,...