As latest technologies bring new scopes for digital-driven world, it also shot the emergence of integrating new technologies to derive the proven-future of digitalization. In 2017, tech companies aimed at tapping the spree of innovations, wherefore, the tech giants had to equally equate smart investments on acquisitions.
As we commence new innovations and technologies in 2018, let’s have a trivial look into the major tech merger and acquisitions of 2017.
- Intel Acquires Mobileye
Intel said in August that it had completed its tender offer for the outstanding shares of Mobileye, a company that develops sensors and cameras for Advanced Driver Assisted Systems (ADAS); the Israel-based company is also known for its computer vision and machine learning technology. The $15.3 billion deal gives Intel a huge advantage in the growing self-driving car industry, a market they estimate will grow to $70 billion annually by 2030.
2. Atos To Buy Gemalto
In late November, Atos announced that it has made a formal proposal to acquire Gemalto by way of a public offer for all of Gemalto issued and outstanding shares. Strategically, the combination of Atos and Gemalto will lead to enhanced global leadership in cybersecurity and digital technologies and services, with highly complementary offerings, technologies, and commercial footprint in the global market.
“Atos has been following closely, and with a lot of interest, the evolution of Gemalto as a leading player in digital cybersecurity, IoT and payment and has long admired its global presence and strong customer and technology portfolios. We believe that a combination of Atos and Gemalto would result in enhanced global leadership in cybersecurity, digital technologies and services and in the strengthening of our positioning as a leading payment services provider” said Thierry Breton, Chairman and CEO of Atos.
3. Verizon completes Yahoo acquisition
In June, Verizon announced that it had completed its acquisition of Yahoo for $4.5 billion. The US-based telecom company said that it plans to combine its new assets with its existing AOL business to create a subsidiary called Oath, covering some 50 media brands and more than 1 billion people across the world. Tim Armstrong, former CEO of AOL, is heading up these new operations with Marissa Mayer resigned from Yahoo. The deal dated back to February 2016, when Yahoo revealed that it was looking for “strategic alternatives” for its core business, and by July Yahoo had agreed to sell the company’s core internet operations to Verizon. This acquisition spilled over into 2017, with Yahoo’s multiple data breaches making beadlines.
4. CapgeminiMakes Two New Acquisitions
Capgemini announces twoparallel acquisitions to tap the design and strategy and financial service portfolio. First up is Idean, which is a fast-growing digital strategy and experience design consultancy, headquartered in Palo Alto. The other is TCube Solutions, an Insurance IT services firm, an independent service provider specializing in Duck Creek Technologies.
5.Iron Mountain Buys OEC Records Management
Iron Mountain Incorporated announces acquisition of OEC Records Management, providers of records management, imaging services and offsite storage of media, expanding its presence and strengthening the company’s leadership position in India.The acquisition is known to add 16 facilities across 10 locations, and a storage volume of 4 million cubic feet.
6.Genpact Acquires Digital Customer Experience Consulting Firm TandemSeven
Genpact announced acquisition of TandemSeven under undisclosed terms. TandemSeven’s ability to design better customer experiences complements Genpact’s digital capability aimed at transforming business processes end-to-end. The acquisition of TandemSeven sought to extend Genpact’s ability to help its clients provide a seamless experience from the front office all the way to the back office. TandemSeven will boost Genpact’s design thinking capabilities that have already transformed operations and end-to-end customer journeys for a number of its clients.
7.Cisco Acquires BroadSoft
In a move that will grow its software footprint, Cisco CSCO paid nearly $2 billion for BroadSoftBSFT , a company that sells cloud-based call control software, a product that is often re-labeled and sold by traditional telephone companies to their customers. This acquisition is what IT vendors dub “the future of work,” as it uses technology meant to make it easier for workgroups to communicate with each other.
8. Google Acquires HTC
In September, tech giant Google said it has signed an agreement with HTC to buy part of the Taiwanese company’s smartphone business for USD 1.1 billion to boost the search giant’s relatively new hardware business.Google is roping in HTC’s employees including teams that have worked on the Pixel smartphones. The agreement paves for a non-licencing agreement for HTC intellectual property, the companies said in a statement. With this, Google gains firmer grounds over the production of its Pixel smartphones and other devices, which will help bolster sales.
9. Accenture, DayNine Acquisition Deal
Accenture announces to have entered into an agreement to acquire DayNine, an affluent global Workday consulting and deployment services provider with vast expertise in helping organizations transform their employee experience and financial management systems to better navigate change and drive growth. Under undisclosed transaction details, the acquisition is sought to foster Accenture’s already strong position in Workday and provide new value for clients.
10. Apple acquires Lattice.io
As large tech companies gear up to make a stronger push into machine learning and artificial intelligence, Apple has acquired a company to fill out its own capabilities in the area. As a step in this direction, Apple acquired Californian startup Lattice.io in May for between $175-$200 million. The startup provides an AI-enabled engine that can take unstructured ‘dark’ data and turn it into meaningful and structured insights. And while in true Apple fashion, the tech giant declined to reveal how it plans to use Lattice, the significant price tag suggests it has big plans for the technology to build out its own machine learning capabilities.
11. Ford Buys Argo AI
Ford invested billion-dollars in an autonomous vehicle startup Argo AI. Ford is investing $1 billion during the next five years in Argo AI, combining Ford’s autonomous vehicle development expertise with Argo AI’s robotics experience and startup speed on artificial intelligence software – all to further advance autonomous vehicles. Investment in Argo AI strengthens Ford’s leadership in bringing self-driving vehicles to market in the near term and creates technology that could be licensed to others in the future
12. HPE Buys Nimble Storage
In March 2017, HPE agreed to buy hybrid storage provider Nimble Storage for $1.09 billion cash, in an attempt to expand its growing storage business. HPE CEO Meg Whitman has been focusing on networking, storage and technology services as part of a major restructuring of the business. Nimble’s predictive flash offerings for the entry to midrange segments are complementary to HPE’s scalable midrange to high-end 3PAR solutions and affordable MSA products. This deal will enable HPE to deliver a full range of superior flash storage solutions for customers across every segment.
In addition, HPE plans to incorporate Nimble’sInfoSight Predictive Analytics platform across its storage portfolio, which will enable a stronger, simplified support experience for HPE customers.
13. Google acquired Kaggle
Google acquired Kaggle, an online community of data scientists in March this year. Kaggle is known for hosting data science and machine learning competitions as well. Google is claimed to have acquired Kaggle in an attempt to enhance the AI and machine learning functionalities and to take advantage of the 600,000 data scientists at Kaggle’s community.
14. CA Technologies acquire Veracode
CA Technologies agreed to acquire Veracode, a security testing firm for a deal of $614 million. This deal is meant to expand the development and testing offered for the enterprises and app developers. Veracode offers a software-as-a-service platform and helps developers enhance the security of their apps.