Continuing its trend of acquisitions (on both fronts) Kaseya said that it has acquired 365 Command, a solution enabling IT organizations and MSPs to easily manage and administer the Microsoft Office 365 cloud application suite.
SMB Nation Blog
In what many analysts and media have been speculating for the last couple weeks, BlackBerry announced this morning that it has signed a letter of intent with consortium to be led by Fairfax Financial Holdings. The news comes shortly after various news outlets reported that the smartphone manufacturer would lay off approximately 40 percent of its staff in the coming months.
Barracuda Networks has appointed SolarWinds president and CEO Kevin B. Thompson to a post on its board of directors. Prior to becoming chief executive officer in March 2010, Thompson held multiple leadership roles at SolarWinds. He joined the company as CFO and treasurer in July 2006. In July 2007, he became COO, and in January 2009, he became president.
With acquisitions currently on the top of minds of most of the channel as of late, it is interesting to note that today, the channel media itself is now the topic of conversation regarding M&A deals.
It was reported this morning on CRN’s Web site that an executive management group, led by UBM Tech (CRN’s parent company) CEO Robert Faletra, has acquired UBM Tech Channel for an undisclosed sum.
We heard from Ted Hulsy, VP of Marketing at eFolder, that the company has acquired Anchor Box, a startup that is based on providing file sync and share software tailored for MSPs, VARs and cloud providers. According to eFolder, the acquisition will position the company as the only channel-focused vendor that provides a complete solution suite for cloud backup, BDR services, and cloud file sync from a single supplier.
Datto said today that it has acquired distribution partner Paradeon Technologies in order to further expand into the UK and EU markets. Marking the first stop of an ongoing international expansion program, the UK site will include a dedicated office with sales, operations and marketing teams focused on the UK and broader EU sectors.
Just about a week or so after completing its acquisition of business service management company Zyrion, Kaseya has again picked up another company, this time its Rover Apps, a provider of cloud solutions that enable users to securely work with enterprise resources using their personal devices without giving up complete control of the device to the enterprise. Terms of the acquisition are undisclosed.
Just a few weeks ago, Kaseya announced that it had been acquired by Insight Venture partners, a NYC-based venture capitalist firm. In addition, the company said that CEO Gerald Blackie and his co-founders would step down to make way for a new CEO—Yogesh Gupta.
Now, today, the tables have been turned with the RMM acquiring Zyrion, a provider of cloud and IT service monitoring software solutions. Like the Kaseya/Insight Venture Partners acquisition, the terms of this deal were also not disclosed.
McAfee said today that it has made progress in its acquisition of Stonesoft Oyj by completing the tender offer that was announced on May 6. Stonesoft is known for its next-generation firewall, which is being positioned as “visionary” in the Gartner Magic Quadrant for Enterprise Network Firewalls. With the completion of the tender offer, Stonesoft is now a McAfee group company, and all Stonesoft products and technologies are part of the McAfee portfolio.
Earlier this week, Kaseya announced that Insight Venture Partners, a private equity investment firm in New York City, had made a significant investment in the RMM for an undisclosed amount of cash. Aside from Kaseya being the third RMM to be acquired in the last month, behind Level Platforms and N-able, the company also announced that its CEO Gerald Blackie, and his co-founders, were stepping down to pursue other opportunities. Yogesh Gupta has been named the new President and CEO of Kaseya, effective immediately.
(Pictured): Yogesh Gupta, Kaseya's new President and CEO.
It seems as though there is no stopping acquisitions in the RMM world. Last month it was SolarWinds' acquisition of N-able, and then a couple of weeks back, Level Platforms shocked its partners when it announced that it was acquired by anti-virus giant AVG. The latest victim is Kaseya, which announced late today that it was acquired by Insight Venture Partners, which has made a significant investment in the RMM. According to a press release issued by Kaseya, terms of the agreement are undisclosed.
Earlier today, it was announced that AVG Technologies has agreed to acquire the business of LPI. Below are a few thoughts on what MSPs should be thinking about going forward, now that the papers have been signed, and things will undoubtedly change in the near future.
Trustworthy? I know both companies well, and when you introduce an acquisition into the mix, it can alter the culture of the combined companies. In fact, if you don’t mind a Pocket MBA moment, most mergers fail due to cultural (not financial) reasons. Grading trustworthiness, I’d give LPI high marks and AVG nearly the same. I do think this merger makes more since than the worst-kept-secret-in-the-SMB-channel possible merger of Symantec = LPI (obviously this acquisition did not occur). You grade Symantec for yourself as a long-term, trustworthy channel vendor, and you’ll have your overall answer about the goodness of fit between AVG and LPI.
(Pictured): Peter Sandiford, LPI's CEO, announced this morning that his company was acquired by AVG Technologies.
Earlier this week, we broke the news that N-able announced its intent to be acquired by SolarWinds for $120 million in cool cash by the end of the month. The news item also noted that N-able’s CEO, Gavin Garbutt, will be retiring, and JP Jauvin, the company’s GM will take the reins once Garbutt hangs his hat for the last time at N-able’s Ottawa, Canada, headquarters.
We heard today that Yahoo! and Tumblr have made plans to agree on Yahoo!’s $1.1 billion acquisition of Tumblr…in an “interesting” admission, Yahoo! said in a media statement that it plans to “not screw up” the acquisition!”
Per the agreement and its promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO. The product, service and brand will continue to be defined and developed separately with the same Tumblr commitment to empower creators.