After an on-again, off-again courtship, Broadcom (AVGO) and Symantec (SYMC) finally sealed the deal, albeit on a more limited basis than first rumored. Rather than acquiring the company outright, Broadcom will acquire Symantec’s Enterprise Security assets, including the Symantec brand, for $10.7 billion in cash.
Read MoreIn a quiet week on the earnings front, several strategic M&A transactions dominated the headlines. Following Google’s $2.6 billion of business intelligence provider Looker last week, Salesforce (CRM) entered into an agreement to acquire self-service analytics provider Tableau Software (DATA) in an all-stock deal valuing Tableau at an enterprise value of $15.7 billion, representing a TTM EV/Sales multiple of 13.2x and a FY ’20 EV/Sales multiple of 9.6x based on consensus forecasts at the time of the announcement.
Read MoreWe spent a couple of days in Vegas to start the week, attending Pegasystems’ (PEGA) annual customer conference and Investor Day. Pega has a credible claim to being the platform for digital transformation, in our opinion, and has its sights set on substantial addressable market opportunities in the areas of customer engagement (CX) and robotics process automation (RPA).
Read MoreIn a holiday-shortened week, we ventured to Vegas for NICE’s (NICE) annual customer conference, digested a couple of deals from the likes of Coupa (COUP) and Salesforce (CRM), and saw the calendar Q1 ’19 reporting season get underway.
Read MoreThe past week was notable for the number of secondary offerings and other capital raises completed.
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