Technology News For March 2014 Plus A Look At March
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Technology News For March 2014 Plus A Look At March
A Little history of March in the past year... Five years ago in March 2009 Google was in the news for creating an investment fund of $100 million. Bell Canada bought "the Source" and the demise of BearingPoint, post Chapter 11, benefited Deloitte and PwC along with other organizations around the world. The month of March in 2010 saw the continuation of the recovery of the economy. It was a quiet month in M&A activities, with CA purchasing both 3Tera for $90 million, and Nimsoft to the tune of $300 million. Chordiant was bought by Pegasytems for a little over $160 million. another notable deal was Avnet's purchase for $340 million from Bell Microproducts. Three years ago, in March 2011 world events took place, including Japan's earthquake, tsunami , and subsequent nuclear woes. The major technology event in the entire month of March was the announcement by AT&T of a $139 Billion deal to acquire T-Mobile... which was later canceled, costing AT&T an estimated $4 billion. While there were no other mega-deals of this nature it was a fairly busy month for M&A in the world. Montreal's Radian6 was purchased by Salesforce.com for about $276 million; Facebook made a couple of acquisitions in the mobile space Snaptu as well as Beluga; YouTube paid about $50 million for Next New Networks; McAfee bought database security firm Sentrigo; Cisco bought portal company newScale; Teradata bought data analytics firm Aster and data... an extension of the consolidation in the hot data sector as well as OpenText bought a mobile app development tool vendor WeComm. In March 2012, the market was abuzz with a couple of (then) young companies receiving significant capital Appirio ($60 million) as well as Hootsuite ($20 millions). Cisco did a couple of acquisitions, paying an astounding 5 billion in cash for software for videos and content big data company NDS Group in addition to an acquisition of a smaller size for network management, ClearAccess. NEC has paid $450 million for the information management division of Convergys and Avaya bought $230 million from an Israeli company that provides videoconferencing and telepresence Radvision. Other companies that were on the acquisition trail included DELL, EMC, SafeNet, Avnet and The Utility Company. Finally, SAIC agreed to pay close to half a billion dollars to New York City. City of New York related to charges that were over-billed. It also paid kickbacks! In March 2013, some from the "usual characters" were making acquisitions, however there weren't any billion dollar deals made public. Oracle continued to expand into the telco industry with the purchase of Tekelec; Google bought a small Toronto University based company DNNresearch in the machine learning vertical; Microsoft sold Atlas Advertiser Suite to Facebook; and Yahoo purchased Summly. Microsoft had to face some challenges in the EU paying a $732 million antitrust fine in connection with Internet Explorer and Evernote suffered a security breach affecting more than 50 million of its users. This brings us back to the moment... The month of March in 2014 was not a banner month for acquisitions. However, there was one big deal with Facebook making a somewhat astonishing, $2 Billion purchase of virtual reality startup Oculus VR. Intel has also expanded its reach with the $150 million purchase of the maker of smart watches Basis Science. Some other interesting moves saw some investment on behalf of "big data" company Cloudera which has as well Google (as member of an investment consortium) and Intel in the. SAP also added its buying software suite with the acquisition of Fieldglass and Telus made a couple of acquisitions, Enode a management consulting company out of Quebec along with Med Access an addition, in British Columbia, to their health division. There were a few other smaller deals , plus Embarcadero purchased the ERwinDate Modelling software from CA. In addition to M&A activity there were a number of firms making news, but not all for good things! IBM's server sale to Lenovo has led to some major labour issues throughout China, Google was ordered to pay $85 million to SimpleAir to settle patent infringement claims, and NetApp announced it was cutting off more than 5percent of its staff which is equivalent to 600 jobs. A few Bitcoin exchanges have run into major troubles, in March, with Mt.Gox "losing" $500 million in bitcoins and Vicurex shutting down all its accounts following a major hack. The most notable "people events" in March led to Target's CIO Beth Jacob resign in response to the massive breach of data and Symantec was fired from their chief executive Steve Bennett. Economic news was at most "tepid" in Canada, with the unemployment rate staying the same and indicators generally "blah" (that is one of my favorite economic phrases). The indicators in the US however were generally positive with GDP growing, numerous confidence indices indicating promising signs and a forecast of increased hiring.  

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