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Technology News For March 2014 Plus A Look At March

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Technology News For March 2014 Plus A Look At March
A Little History of March in previous calendars... Five years ago, in March 2009, Google was on the news for its creation of a $100 Million venture fund. Bell Canada bought "the Source" and the break-up of BearingPoint following Chapter 11, benefited Deloitte and PwC amongst others across the globe. March of 2010 witnessed a continuation of the economic recovery. It was a quiet month for M&A activity , with CA buying both 3Tera for about $90 million and Nimsoft to the tune of $300 million. Chordiant was acquired by Pegasytems for a little over $160 million. another notable deal was Avnet's $340 million purchase of Bell Microproducts. Three years ago, in March of 2011, global events were dominated by Japan's earthquake, tsunami , and the subsequent nuclear disaster. The biggest technology news during the month was AT&T's announcement of the $39.9 Billion deal to buy T-Mobile... which ended up failing which cost AT&T the equivalent of $4 billion. While there weren't any other mega-deals in this manner, it was a busy month for M&A in the world. Montreal's Radian6 was bought by Salesforce.com for about $276 million. Facebook technology did a couple of acquisitions in the area of mobile, Snaptu as well as Beluga; YouTube paid about $50 million for Next New Networks; McAfee purchased security firm for databases Sentrigo; Cisco bought portal company newScale; Teradata bought data analytics firm Aster the data... the latest in the series of the consolidation happening in the hot data sector as well as OpenText acquired a mobile application toolmaker WeComm. In March 2012 it was a time of activity, with a handful of (then) small companies getting significant sums of capital Appirio ($60 million) in addition to Hootsuite ($20 millions). Cisco also made two acquisitions and paid a staggering $5 billion for video software and content company NDS Group in addition to the smaller purchase of network management, ClearAccess. NEC purchased $450 million to acquire the information management division from Convergys and Avaya paid $230 million for the Israeli videoconferenceing and telepresence company Radvision. Other companies on the acquisition trail included DELL, EMC, SafeNet, Avnet and The Utility Company. Finally, SAIC agreed to pay more than a half billion dollars towards the City of New York related to charges that were over-billed. It also paid kickbacks! In March 2013 some members of "usual characters" were making acquisitions, however there were no billion dollar deals made public. Oracle continued to expand into the telco industry with the acquisition from Tekelec; Google bought a small Toronto University based company DNNresearch in the field of machine learning; Microsoft sold Atlas Advertiser Suite to Facebook; and Yahoo acquired Summly. Microsoft had to face some challenges in the EU as it was forced to pay $732 million in antitrust fines in connection with Internet Explorer and Evernote suffered a security breach affecting the 50 million customers. This leads us back into the present... April 2014 was not a banner month for acquisitions but there was a major event with Facebook taking a unexpected, $2 billion acquisition of the virtual reality company Oculus VR. Intel also expanded its business by acquiring $150 million of the maker of smart watches Basis Science. Other interesting developments included an investment in "big data" company Cloudera with both Google (as as part of an investment group) and Intel in the. SAP also added its buying software suite after the acquisition from Fieldglass and Telus has made a couple of buys, Enode a management consulting firm based out of Quebec along with Med Access an addition, in British Columbia, to their health division. There were other smaller deals plus Embarcadero bought its ERwinDate Modelling software from CA. Apart from M&A business, there were also a number of businesses making news, and not all for good things! IBM's server sale to Lenovo has led to some major problems for workers across China, Google was ordered to pay $85 million to SimpleAir for patent infringement and NetApp announced it was cutting off 5percent of its staff which is equivalent to 600 jobs. A couple of Bitcoin exchanges have run into major troubles, in March, with Mt.Gox "losing" $500 million in bitcoins, and Vicurex shutting down all its accounts following a massive hack. Some notable "people events" in March saw Target's CIO Beth Jacob resign in response to the recent major data breach and Symantec dismissed their chief executive Steve Bennett. Economic news was at best "tepid" in Canada, with the unemployment rate remaining unchanged and the indicators typically "blah" (that is one of my best economic definitions). The indicators in the US nevertheless were generally good and showed growth in GDP. numerous confidence indices indicating potential and an expectation of more hiring.  

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