As if we have already digested the Microsoft-LinkedIn $26B deal, there is more activity. BTW, one thing noted about the MS-LI deal is that: "LinkedIn was way cheaper at $59 per registered member than buying Facebook for $329+ per member." Saw an advert today for Office365. Get Off365 across every device for $70 per year. Not a lot of profit there.
Chipmaker deal: Cavium buys QLogic in $1.36 billion data center processor deal.
Former Acme Packet folks went out and raised $36M to bring new router technology to the marketplace as @128technology .
After raising $100 million in investment, Tower Cloud sells to CS&L, the REIT that spun out of Windstream's network assets. Earlier this year, CS&L acquired PEG Bandwidth. According to Rob Powell, "The acquisition will cost CS&L some $230M, with $180M of that in cash and the balance in stock. CS&L expects to achieve $6M in annualized synergies over the next three years via the integration with PEG Bandwidth." TC's 2014 revenue was $33.4M up from $27.2M in 2013via INC5000. "Over 90% of Tower Cloud's revenues are from national wireless carriers." Cell tower fiber backhaul (aka FTT) is what PEG was doing and I guess what CS&L value.
In a bigger deal: "Francisco Partners, a leading technology-focused private equity firm, Elliott Management Corporation, and Dell today announced they have signed a definitive agreement for Francisco Partners and Elliott to acquire the Dell Software Group." The Dell Software Group includes Quest Software and SonicWALL. Dell needed this money in order to buy EMC.
BTW, Elliott Mgmt is the same investor that pushed Polycom and Mitel together.
Carousel Industries announced its intent to acquire Atrion, Inc., a leading IT services firm specializing in security, productivity and collaboration, unified communications, networking, applications and integrations and data center solutions in Rhode Island. ... The transaction will create a combined entity of more than 1,300 professionals located nationwide. The company will have approximately $525 million in annual revenue, creating one of the largest and fastest-growing privately-held IT services firms in the U.S. [pr]
In the realm of HUH?! What?! "Arrow Electronics, Inc. (NYSE:ARW) announced today that it has signed a definitive agreement to acquire the global internet media portfolio focused on technology and electronic design from UBM, including EE Times, EDN, ESM, Embedded, EBN, TechONline, and Datasheets.com. Arrow is a global leader in technology design, manufacturing support, and supply-chain services. Last year, Arrow acquired the United Technical Publishing arm of Hearst Media. With this agreement with UBM, Arrow strengthens its position as a foremost thought leader and trusted advisor in IoT and technology design trends." [PR]
