As the year 2020 signs of progress amid a pandemic, the enterprise software, and services sector is rapidly changing. Mergers & Acquisitions (M&A) in the tech space have proved to be quite disruptive, bringing about a strategic shift in the IT sector.
Top technology M&A deals of 2020
September 8: Progress Software acquires Chef
Progress Software announced the acquisition of Chef, the infrastructure-as-code leader for $220 million in cash. Chef CEO Barry Christ stated that both the companies share a vision for the future DevSecOps and Progress will help scale up Chef’s platform to deliver more value to their clients.
July 13: Hewlett Packard Enterprise (HPE) buys Silver Peak for $925 million
In July, HPE announced that it would buy Silver Peak for $925 million, thereby reaffirming its commitment to the SD-WAN market. Silver Peak is a specialist in WAN technology. It will join HPE’s networking brand Aruba.
July 8: SUSE announces the acquisition of Rancher
The enterprise Linux specialist SUSE announced its intention to acquire Rancher for an undisclosed amount. The Cupertino-based company is a popular open-source Kubernetes container management platform.
June 30: Google acquires glasses maker North
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
The search giant announced the acquisition of North in June for an undisclosed amount after it failed to deliver consumer smart glasses. The Canadian company makes Focals smart glasses and will join the Google office from Kitchener-Waterloo.
June 22: Microsoft acquires CyberX
Microsoft has announced the acquisition of Israeli IoT specialists CyberX for an undisclosed amount. It will incorporate the CyberX technology and talent in its cloud Azure unit. The CyberX team will now report to Yuval Eldar, Microsoft GM of IoT Security.
May 15: Facebook buys Giphy for $400 million
The social media giant announced that it would Giphy, the popular searchable library for movable images, and gifs. Both the product and team will be integrated into the Instagram division of Facebook.
May 7: Zoom acquires Keybase
The popular videoconferencing app has announced the acquisition of end-to-end encryption specialist Keybase for an undisclosed amount. As COVID-19 progressed during the global lockdown, it came under intense scrutiny over security issues.
May 4: Nvidia buys Cumulus and Mellanox in a multi-billion spree
Chipmaker Nvidia made two acquisitions this spring, Cumulus Networks for an undisclosed amount and network switch and adaptor vendor Mellanox for $6.9 billion. Both the M&A deals pushed Nvidia further into the data-center hardware and software space.
April 8: Cisco acquires Fluidmesh
Cisco has announced to acquire the wireless backhaul specialist Fluidmesh Networks for an undisclosed amount. The two companies know each other well, having partnered on Cisco’s Rail Solutions product.
February 25: Salesforce acquires Vlocity
CRM giant Salesforce announced the acquisition of San Francisco based company Vlocity for $1.33 billion. Vlocity is a key partner, specializing in building industry-specific CRMs and is a perfect fit for the SaaS company.