SMB Nation Blog

SMB Nation has been serving the Bainbridge Island area since 2001, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Cap Table

Cap Table

A few quick hitters around the SMB partner community I thought you might enjoy. I liken this to start-up news as you too can start-up the next great thing!

BitTitan $15m raise
If you’ve meet the infamous Geeman, founder and CEO of BitTitan, it’s unlikely you’ll forget him soon. Long on enthusiasm, love him or hate him, you gotta respect him. He has grown a successful business over the past nine years organically from his basement. Very hard to do, let me tell ya. So it’s no surprise that he’d ultimately prepare for a Series A round perhaps in preparation for an ultimate exit. That’s entrepreneur 101 for you. This past week, Geeman took the money. He raised $15-million from TVC Capitol in what’s it largest single investment ever. Moving forward, look for BitTitan to invest in sales and marketing, product enhancements and expanding into more geographies. Standard stuff. We’ll keep an eye on BitTitan as it puts these funds to work, perhaps raises more capital and likely pursues an exit strategy.

M&A
SolarWinds, who broke into our community a few years ago with the n-Able acquisition, has done it again. It’s snapped up LogicNow in a move underscoring RMM consolidation. It’s a natural move in a mature market. But it results in less customer choice and a diverse community sponsor ecosystem. Such is life.

The eFolder acquisition of Replibit is comes two years after its purchase of CloudFinder and three years after its purchase of Anchor. What’s interesting is that eFolder, noticeably absent from the major SMB partner event circuit in the first half of 2016, is making bets on strategic growth. With Replibit, eFolder is publically setting its sights on taking on Datto. There is some “there there” with the approach as I’ve had numerous confidential calls with Datto partners expressing dismay at new treatment that isn’t as generous, warm and loving as in the early days before Datto’s $100m cap raise earlier this year.

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IBM to acquire Cleversafe

IBM announced this morning it entered into an agreemnet to acquire Cleversafe, Inc., which will strengthen IBMs ability to develop and lead storage and hybrid cloud. IBM logo1

Cleversafe’s portfolio will be integrated into the IBM cloud business unit to provide clients with increased consistency in on-premise, cloud and hybrid cloud solutions. 

"Today a massive digital transformation is underway as organizations increasingly turn to cloud computing for innovative ways to manage more complex business operations and increasing volumes of data in a secure and effective way," said Robert LeBlanc, Senior Vice President, IBM Cloud. "Cleversafe, a pioneer in object storage, will add to our efforts to help clients overcome these challenges by extending and strengthening our cloud storage strategy, as well as our portfolio.”

Cleversafe CEO John Morris said the acquisition will expand Cleversafe’s current solutions to better its client service as well.

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Accenture announces agreement to acquire Cloud Sherpas

Cloud services provider Accenture announced Tuesday it entered into an agreement to acquire Cloud Sherpas, a cloud advisory and technology services provider specializing in “pure play” technologies including Salesforce and NetSuite. 

“We’ve reached a tipping point in cloud as our clients rapidly adopt cloud solutions,” Accenture CTO Paul Daugherty said. “Accenture’s Cloud First agenda is a game-changer that offers transformational cloud services to help clients move their businesses to the cloud and achieve significant business results more quickly. I look forward to welcoming the talented professionals of Cloud Sherpas to Accenture.”

Combined, the two companies will continue to strengthen a strategic partnership with Salesforce, with thousands of certified professionals combined. 

More information about the acquisition and how it will affect customers and employees is available here.

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Unitrends Receives Major Growth Equity Investment from Insight Venture Partners

Unitrends logoWhile most all of the kids (and maybe even some adults!) were out trick or treating yesterday, Unitrends was busy announcing the fact that they have received a major growth equity investment from Insight Venture Partners.

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Kaseya Partners: Will things get Better, Worse, or Remain the Same?

With Kaseya being the third RMM in the last month to announce its acquisition, obviously, just like the Level Platforms and N-able acquisitions, the RMM’s partners have many questions, concerns and feelings of: “So, what do I do now?”

I spoke to newly hired Kaseya CEO Yogesh Gupta yesterday about this, and he said (in a related blog post) that MSPs need not to worry, and that any concerns they have will be addressed. To learn more about some of these concerns, I chatted with Chris Wiser, (pictured) Founder and CEO, TechSquad IT, a Milwaukee-based MSP who has been a Kaseya partner since 2004.

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Microsoft/Yammer Acquisition: One-Year Later

Today marks one year since Microsoft announced its acquisition of Yammer, a provider of enterprise social networks. Since the acquisition, Microsoft’s enterprise social momentum has accelerated in all areas, including new users, paid customers, user engagement, innovation, and the ecosystem of partners selling and connecting to the Yammer platform.

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Let’s Go to the Mall: Two Companies Take Advantage of Dell’s “Go-Shop” Process

Back in January, we reported that Dell signed an agreement to be acquired via partnership by Founder Michael Dell and global investment firm Silver Lake for $24.4 billion, which included a 45-day “go-shop” process. Well apparently it seems that two companies have taken advantage of the Dell “mall.” The Special Committee of the Board of said that one proposal was submitted by a group affiliated with a private equity fund managed by Blackstone and the other by entities affiliated with Carl Icahn.

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In Wake of Acquisition, Dell Sets Milestones for Tech Partner Program

Just coming down from the announcement that Dell is going private via acquisition by both founder Michael Dell and VC firm Silver Lake, the tech giant set out new milestones for the Dell Technology Partner Program, a program that helps ISVs, Independent Hardware Vendors (IHVs) and Solution Providers build innovative and highly competitive solutions using Dell platforms.

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