Biggest Enterprise Technology M&A Deals of the Year (So Far)

Scandinavian and German ServiceNow partners combine

Norway-based ServiceNow partner Cloud People (TCP) has acquired the German company Nuvolax. The deal will allow TCP to open a distribution center in Brazil and provide 24-hour service, opening up access to the growing U.S. market.

July 2023

Teradata acquires Stemma to power analytics

Teradata has acquired Stemma, a third-year developer of AI-based data exploration tools, to accelerate its Vantage self-service analytics platform.

ServiceNow agrees to acquire retail data platform G2K

ServiceNow is gearing up to add more AI magic to retail workflow automation. The company has agreed to acquire G2K, the developer of Parsifal, a data platform that can analyze customer and product movements around stores.

Silver Lake purchases majority stake in Software AG

German software AG, which makes tools to manage IoT data, APIs, and legacy mainframe apps, will be part of Silver Lake, which also owns stakes in Airtable, Celonis, Qualtrics, and Splunk. The investment fund secured a 63% stake in the company after a bidding war with mainframe modernizer Rocket Software, valuing it at $2.4 billion. Prior to this transaction, Software AG’s largest shareholder was his SAGST, a foundation established by one of its founders. His 30% stake in SAGST has protected the company from takeover for many years, but in April the foundation agreed to sell most of its shares to Silver Lake. . Sanjay Brahmawar, CEO of Software AG since August 2018, said the company benefits from the stability and certainty provided by a single major shareholder.

June 2023

IBM offers $4.6 billion for Apptio

IBM has agreed to acquire cloud cost management specialist Apptio from private equity firm Vista, which has owned the company since 2018. IBM plans to incorporate Apptio’s products into its IT automation portfolio (AIOps, Instana, Turbonomics) to help businesses optimize both cost and cost of applications. Achieve application performance from a single control center. The acquisition will give IBM access to anonymized data on $450 billion of IT spending that it can use to train and further optimize its AI tools.

Databricks acquires MosaicML for $1.3 billion

Generative AI is a hot commodity these days, and Databricks alone can’t take full advantage of it. In addition to developing his own large-scale language model (LLM) based on open data Dolly, he has acquired his MosaicML, creator of two open source models, MPT-7B and his MPT-30B. With this acquisition, Databricks hopes to make it easier for companies to build language models at scale based on their own data.

Silver Lake acquires Qualtrics for $12.5 billion

Qualtrics has changed management again. SAP acquired the company in 2018 for $8 billion, but it was never ported and quickly sold a minority stake. Now, Silver Lake and the Canada Pension Plan Investment Board are condemning the entire company. This transaction he completed on June 28th. SAP will continue to be Qualtrics’ go-to-market partner and serve joint customers of both companies.

Data center operators buy carbon emissions in a greener way

Data center operator nLighten has acquired Euclyde, which owns six data centers in neighboring France. One of our goals with the nLighten acquisition is to reduce our carbon footprint. In France, 70% of electricity comes from nuclear power plants, while in nLighten’s home country of Germany, around a third of that comes from coal, the most carbon-intensive source. All power sources.

HCM vendor UKG acquires payroll provider Immedis

UKG’s cloud-based HCM software already offers a wide range of functionality to some companies’ HR departments. Now, with our acquisition of Immedis, we’re adding these capabilities to help multi-country and midsize businesses manage payroll across borders. UKG plans to integrate the new functionality into his software suite as UKG One View later this year.

IBM acquires French cloud services company Agyla

IBM has agreed to acquire Agyla, a provider of cloud platform engineering services, with the aim of improving services for customers in France. The company plans to incorporate Agyla into its IBM consulting division.

May 2023

Research firm Momentive expresses support for contract with STG

Symphony Technology Group has completed its $1.5 billion acquisition of Momentive (formerly SurveyMonkey). STG’s portfolio also includes stakes in ERP vendor CAI Software and cybersecurity firm RSA.

Snowflake adds Neeva’s generative AI to data warehouse platform

Snowflake has acquired Neeva, a small startup that uses generative AI to improve the search experience. The deal comes just days after Neeva shut down its subscription-based, ad-free search engine. According to a farewell blog post from Neeva’s founders, it turns out that building a search experience that people are willing to pay for, while difficult, is actually the easy part. Try out a new search engine first. ” It’s up to Snowflake to convince customers to change.

IBM automates cloud data protection with acquisition of Polar Security

Data security posture management specialist Polar Security will soon be part of IBM, which plans to integrate the Israeli company into its Guardium series of data security products. There, we help IBM customers pinpoint security risks and compliance violations. IBM has not disclosed how much it paid for the company, but Israeli news site Tech12 puts the price at $60 million.

Databricks acquires Okera to monitor LLM

Databricks encourages companies to experiment with language models at scale and has open sourced one of its own language models, Dolly. Now the company is offering customers a way to bring such models under control by acquiring LLM governance specialist Okera.

April 2023

Ciphr adds diversity with acquisition of Marshall

Marshall E-learning, which provides diversity and inclusion training, is now part of Ciphr, a UK-based HR SaaS platform. Cipher expects this partnership to expand its existing online learning services.

March 2023

Vista acquires Equity Partners Insurance software company Duck CreekQuantive acquires OKR consulting firm

Following its acquisition of consulting firm AuxinOKR, strategy execution platform Quantive is launching a new consulting division to support companies implementing tools to measure business outcomes.

Quantexa loves Airian

Quantexa has acquired Aylien, a Dublin-based natural language processing company specializing in risk management and market insights. The company will leverage Aylien’s NLP skills to power AI-based decision intelligence tools for the financial industry.

Capita temporarily suspends employment screening operations

British IT staffing company Matrix SCM has acquired Security Watchdog, an employment screening service, from IT services giant Capita. This is part of a broader divestment by Capita, which also sold off three other human resources companies in March: Capita Resourcing, HR Solutions and Thirty Three. Capita is selling non-core businesses to reduce debt and refocusing on public sector and customer experience work.

the key secures the locket

Mainframe software developer Rocket Software has acquired mainframe security specialist Key Resources. The agreement will enable Rocket to provide additional security-related services to partner mainframe users.

February 2023

Thomas Bravo manages $8 billion in spending on Coupa software

Coupa Software, which provides business spending management tools, has been acquired by investment firm Thomas Bravo in an $8 billion deal. Abu Dhabi Investment Authority acquired a minority stake. Thomas Bravo also owns business payments company BottomLine, open finance platform Solifi, data management tool Talend, and a number of security and identity management software companies.

Arm sells software Arm

Processor designer Arm has sold Forge, its suite of software development tools for high-performance computing, to Linaro, which develops and supports other Arm-specific software for enterprises. Arm originally acquired Forge in 2016 to help it enter the HPC market.

Accenture acquires Morphus and establishes new cybersecurity center in South America

With the acquisition of Morphus, a Brazilian cybersecurity and threat intelligence provider, Accenture has added a new site to oversee its managed security services and advanced analytics offering. The Cyber ​​Fusion Center in Fortaleza, Brazil was formerly Morphus Labs.

For mergers and acquisitions in 2022, see 2022’s Biggest Enterprise Technology M&A Deals.

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