Technology News For March 2014 Plus A Look At March
Technology News For March 2014 Plus A Look At March
A Short history of March in the past year... Five years ago the year was March 2009, Google was in the news for creating an investment fund of $100 million. Bell Canada bought "the Source" and the dissolution of BearingPoint Post Chapter 11, benefited Deloitte and PwC amongst others across the globe. March , 2010 was a continuation the recovery of the economy. It was a quiet month in M&A activity , with CA purchasing both 3Tera for $90 million, and Nimsoft for $350 million. Chordiant was bought by Pegasytems for a little over $160 million, and the other deal that was notable was Avnet's $340 million purchase from Bell Microproducts. Three years ago the month of March 2011, global events were dominated by the tsunami, earthquake and subsequent nuclear woes. The major technology event that month was the announcement by AT&T of the $39 Billion deal to buy T-Mobile... which ended up failing, costing AT&T the equivalent of $4 billion. Although there weren't any other mega-deals of this nature it was a fairly busy month for M&A in the world. Montreal's Radian6 was bought by Salesforce.com for about $276 million; Facebook has apple made two acquisitions in the area of mobile, Snaptu as well as Beluga; YouTube paid about $50 million for Next New Networks; McAfee bought database security firm Sentrigo; Cisco bought portal company newScale; Teradata bought data analytics firm Aster Data... the latest in the series of the consolidation in the hot data market; and OpenText bought a mobile application development tool vendor WeComm. In March 2012 the market was abuzz. A few (then) young businesses receiving significant sums of capital Appirio ($60 million) along with Hootsuite ($20 millions). Cisco did a couple of acquisitions and paid a staggering $5 billion for video software and the content company NDS Group in addition to the smaller purchase of network management, ClearAccess. NEC has paid $450 million for its information management unit that is part of Convergys and Avaya bought $230 million from an Israeli videoconferencing and telepresence firm Radvision. Other companies that were on the acquisition trail were DELL, EMC, SafeNet, Avnet and The Utility Company. Then, SAIC agreed to pay more than a half million dollars in the City of New York related to charges it overbilled and made kickbacks! In March 2013, some members of "usual characters" were making acquisitions, however there were not billion-dollar deals made public. Oracle continued its expansion into the telco space with the purchase from Tekelec; Google bought a small Toronto University based company DNNresearch in the machine learning vertical; Microsoft sold Atlas Advertiser Suite to Facebook and Yahoo bought Summly. Microsoft had to face some challenges in the EU, having to pay a $732 million antitrust fine due to Internet Explorer and Evernote suffered an attack on security that affected 50 million users. Which leads us back into the moment... April 2014 was not a banner month for acquisitions. But there was a major event with Facebook making a, somewhat astonishing, $2 Billion purchase of virtual reality company Oculus VR. Intel has also expanded its reach with the $150 million purchase of the maker of smart watches, Basis Science. Another interesting move was an amount of money invested on behalf of "big data" company Cloudera which has equally Google (as part of an investment consortium) and Intel as a participant. SAP also added its buying software suite by acquiring from Fieldglass and Telus has made a couple of acquisitions, Enode a management consulting company that is based out of Quebec along with Med Access an addition, in British Columbia, to their health division. There were other smaller deals and Embarcadero acquired its ERwinDate Modelling software from CA. Apart from M&A activity there were several companies making news, and not all of them for good reasons! IBM's sale of its servers to Lenovo has led to significant labor issues in China, Google was ordered to pay $85 million to SimpleAir for patent infringement and NetApp announced that it would lay off 5% of its workforce comprising 600 employees. A few Bitcoin exchanges ran into serious trouble due to Mt.Gox "losing" $500 million in bitcoins, and Vicurex has froze all its accounts following a massive hack. The most notable "people events" in March led to Target's CIO Beth Jacob resign in response to the massive breach of data and Symantec was fired from the CEO Steve Bennett. Economic news was, at best "tepid" in Canada, with the unemployment rate unchanged and the indicators typically "blah" (that is one of my best economic terms). Indicators in the US are generally positive with GDP growing, various confidence indicators showing promising signs and a forecast of higher hiring.  

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