Kronos and Ultimate Software announce merger to create HCM powerhouse

Kronos, a US-based human capital management cloud provider has entered into a definitive merger agreement with Ultimate Software with the aim to build one of the world’s largest cloud companies.

The combined company will have a stronger position in the rapidly growing human capital management (HCM) marketplace. The companies will have revenues of about $3 billion (£1.54bn), more than 12,000 employees across the...

By Enterprise CIO, 21 February 2020, 0 comments. Categories: Cloud , Collaboration, M&A, Productivity.

Accenture to buy Symantec’s managed cyber services arm – two months after Broadcom close

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,...

By James Bourne, 08 January 2020, 0 comments. Categories: M&A, Security.

Insight Partners acquires Armis for $1.1 billion to claim largest enterprise IoT security deal

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...

By Enterprise CIO, 07 January 2020, 0 comments. Categories: Enterprise Mobility, IoT, M&A, Security.

Scope AR acquires studio WakingApp as enterprise augmented reality ramps up

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.’

By James Bourne, 11 December 2019, 0 comments. Categories: Applications, App Platforms, Enterprise Mobility, M&A, Wearables.

What accelerating enterprise software M&A activity means for digital transformation

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...

By Enterprise CIO, 14 October 2019, 0 comments. Categories: Enterprise Mobility, M&A.

Tangoe acquires MOBI to bolster its mobility services offering

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;

By James Bourne, 05 December 2018, 0 comments. Categories: Enterprise Mobility, M&A.

Citrix acquires Sapho for $200 million to create smarter, superior work experience

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...

By James Bourne, 16 November 2018, 0 comments. Categories: Applications, Enterprise Mobility, M&A, RMAD.

Slack acquires Astro to bolster email collaboration - with AI flavour

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...

By James Bourne, 25 September 2018, 0 comments. Categories: Applications, Collaboration, Enterprise Mobility, M&A, Social.

Slack secures $427 million in series H round – taking company valuation to $7.1 billion

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...

By James Bourne, 21 August 2018, 0 comments. Categories: Applications, Collaboration, Enterprise Mobility, M&A.

Dealing in data: Insider tips for effective document management during the M&A process

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...

By Tom Wheeler, 08 August 2018, 0 comments. Categories: CIO, Collaboration, Data & Analytics, Employees, M&A.

Smartsheet acquires Converse.AI to help automate enterprise collaboration

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,...

By James Bourne, 16 January 2018, 0 comments. Categories: Collaboration, Employees, Enterprise Mobility, M&A.

Progress Software acquires Kinvey for $49 million

Progress Software has announced the acquisition of backend as a service (BaaS) technology provider Kinvey for $49 million (£37.8m).

Kinvey, with customers including NBCUniversal, Schneider Electric and VMware, enables organisations to build apps in minutes. The company was named as a leader in the Forrester Wave for mobile development platforms towards the end of 2016, with its platform being awarded a patent the...

By James Bourne, 29 June 2017, 0 comments. Categories: Enterprise Mobility, M&A, MBaaS.

Smartsheet raises $52.1 million in series F round to bolster enterprise collaboration

Smartsheet, a software as a service (SaaS) collaboration platform based in Washington, has raised $52.1 million (£40.2m) in series F funding.

The company said the capital will be used to accelerate product, sales, marketing and infrastructure to support its platform ‘building upon an already solid financial position with low cash burn’.

Smartsheet’s product enables enterprise-wide collaboration through file sharing, alerts and reminders to enable ‘all notes, comments, files, and...

By James Bourne, 24 May 2017, 0 comments. Categories: Collaboration, M&A, Productivity.

Signal Sciences raises $15m in series B round and launches ‘new category’ of web app security

Signal Sciences, a California-based security engineering provider, has raised $15 million (£11.6m) in series B funding as well as launching what it describes as a ‘new category’ of web application security solutions.

The Web Protection Platform (WPP), designed by former Etsy engineers and security leaders, aims to provide comprehensive threat protection for web applications, microservices, and APIs on any platform. Though building web apps is an essential and core part of every business, the...

By Enterprise CIO, 11 May 2017, 0 comments. Categories: Cloud , M&A, Security.

Sapho secures $14m in series B funding to continue micro app mission

Sapho, a San Bruno-based enterprise mobility provider, has secured $14 million (£10.9m) in an oversubscribed series B funding round, with the aim to build out a global sales team.

The $14m adds to the company’s $9.5m series A secured in June last year, taking its total to $27.85m across five rounds. The latest round was led by Caffeinated Capital, with other parties including new investor Felicis Ventures, as well as Alsop Louie Partners, SoftTech VC, Morado Ventures, AME Cloud, and Bloomberg...

By James Bourne, 19 April 2017, 0 comments. Categories: Applications, App Platforms, Enterprise Mobility, M&A.

Arxan acquires MAM provider Apperian to enhance mobile and IoT operations

(c)iStock.com/Maxiphoto

Application security provider Arxan Technologies has announced the acquisition of mobile app management (MAM) provider Apperian to help its mobile and Internet of Things (IoT) push.

Discussions between the two companies had been going on for almost a year with a plethora of options on the table, from strategic partnerships to investment, before settling on acquisition because both companies’ management “felt that there were so many synergies that the companies could maximise impact and...

By James Bourne, 11 January 2017, 0 comments. Categories: Applications, Enterprise Mobility, M&A, MAM, Security.

Atlassian acquires productivity app Trello for $425m

(c)iStock.com/Cronislaw

Productivity app provider Trello is to be acquired by enterprise software firm Atlassian for $425 million, the two companies have announced.

Trello, which was featured in an Enterprise AppsTech article from 2014 outlining top apps for business executives, was launched five years ago, making it truly a company of the smartphone generation. The company boasts almost 20 million users, including customers such as Google, National...

By James Bourne, 10 January 2017, 0 comments. Categories: Applications, Collaboration, Enterprise Mobility, M&A, Productivity.

Bitglass secures $45m in new funding to bolster EMEA expansion

(c)iStock.com/Gizelka

Enterprise data security provider Bitglass has announced it has raised $45 million in series C funding, five weeks after announcing it was expanding to the EMEA region.

The round, which featured new investor Future Fund alongside existing investors Norwest, NEA and SingTel Innov8, brings the company’s total funding to $80m, with the company saying it will use it to expand in EMEA,...

By James Bourne, 06 January 2017, 0 comments. Categories: M&A, Security.

Skedulo secures $9.4m in series A funding to transform mobile workforce scheduling

Picture credit: Skedulo/YouTube

Meet Skedulo. The US and Australia-based company, which was founded in 2012, offers mobile workforce scheduling utilising the Salesforce platform – and it has snaffled $9.2 million (£7.45m) of series A funding in a round closed late last week.

The funding round was led by Costanoa Venture Capital, alongside contributions from existing investor Blackbird Ventures, taking overall funding up to $11m.

Skedulo’s...

By James Bourne, 21 November 2016, 0 comments. Categories: Employees, Enterprise Mobility, M&A.

PowWow Mobile acquires StarMobile for “most comprehensive enterprise mobility platform”

(c)iStock.com/andresr

San Francisco-based PowWow Mobile has announced it is to acquire Atlanta-based StarMobile Inc. with the alliance aiming to produce what it claims as the “most comprehensive enterprise mobility platform based on the richest IP and patent portfolio in the industry.”

As this publication previously disclosed, StarMobile ceased business earlier this year and had been undergoing...

By James Bourne, 27 October 2016, 0 comments. Categories: Applications, Enterprise Mobility, M&A, RMAD.