M&A this week included a couple of AIOps deals at ServiceNow (NOW) and VMware (VMW). ServiceNow’s acquisition of Loom Systems adds log and metrics analysis to its IT Service Management (ITSM) and IT Operations Management (ITOM) solutions, thereby enabling customers to proactively identify IT incidents and automate remediation tasks.
Read MoreInstructure’s (INST) plan to be taken private by Thoma Bravo for $47.60 per share in cash faced further resistance this week as 7.5% shareholder Praesidium Investment Management issued an open letter to the Board of Directors expressing its view that the purchase price undervalues the company.
Read MoreAs we begin to turn the page on another earnings season, a few trends were particularly notable during the third quarter of 2019. First, exposure to the public sector proved beneficial, especially for those doing business with the Federal government.
Read MoreIt was a busy week in software with several tuck-in acquisitions announced, a deluge of earnings to digest, and some notable executive changes. On the M&A front, Avalara (AVLR) acquired Portway International, a provider of Harmonized System classifications and customs brokerage services.
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 More