Tag: M&A
IBM is acquiring APM startup Instana as it continues to expand hybrid cloud vision
As IBM transitions from software and services to a company fully focussed on hybrid cloud management, it announced its intention to buy Instana, an applications performance management startup with a cloud native approach that fits firmly within that strategy. The companies did not reveal the purchase price. With Instana, IBM…
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Palo Alto Networks to acquire Expanse in deal worth $800M
Palo Alto Networks has been on buying binge for the last couple of years, and today it added to its haul, announcing a deal to acquire Expanse for $800 million in cash and equity awards. The deal breaks down to $670 million in cash and stock and another $130 million…
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Mirror founder Brynn Putnam on life with Lululemon — and whether or not she sold too soon
Brynn Putnam has a lot to feel great about. A Harvard grad and former professional ballet dancer who opened the first of what have become three high-intensity fitness studios in New York, she then launched a second business in 2016 when — while pregnant with her son — she was…
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NetApp to acquire Spot (formerly Spotinst) to gain cloud infrastructure management tools
When Spotinst rebranded to Spot in March, it seemed big changes were afoot for the startup, which originally helped companies find and manage cheap infrastructure known as spot instances (hence its original name). We had no idea how big at the time. Today, NetApp announced plans to acquire the startup.…
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Astroscale expands into geostationary satellite life extension with new acquisition
Orbital spacecraft sustainability startup Astroscale has acquired the IP, most assets and staff of a an Isreali company called Effective Space Solutions in order to broaden its service offering to include servicing geostationary (GEO) satellites, as well as low Earth orbit (LEO) debris removal. Astroscale, founded in Japan in 2013…
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Salesforce names Vlocity founder David Schmaier CEO of new Salesforce Industries division
When Salesforce announced it was acquiring Vlocity for $1.33 billion in February, it was a deal that made sense for both companies. Today, the company announced that the deal has closed and Vlocity CEO David Schmaier has been named CEO of a new division called Salesforce Industries. Vlocity has built…
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