5 Channel Partner Updates: 8 September 2016
Good morning, channel partners. Here are five technology news updates, insights, chatter, and plenty more to start your day for Thursday, September 8, 2016.
Oh my: Actually, there are 28 entries for VARs, managed services providers (MSPs), cloud services providers (CSPs), independent software vendors (ISVs), telco master agents and telco agents to sip on. Take a look…
28. Mergers, Acquisitions and Sales: In case you weren’t keeping score, Wednesday was likely the biggest day ever for tech mergers, acquisitions and spin-offs. Michael Dell explained the finalized EMC buyout; Intel confirmed the McAfee spin-off and HP Enterprise confirmed a massive software asset spin-off. All told, about $72 billion worth of IT assets experienced ownership shifts, ChannelE2E estimates.
27. Oracle-NetSuite Buyout Concerns: T. Rowe Price, NetSuite’s largest outside shareholder, said it would not tender its shares in Oracle‘s proposed acquisition of the cloud computing company, arguing the $9.3 billion deal undervalues it, according to Fortune. T. Rowe Price credited Oracle and NetSuite for many of the steps the duo took in the M&A discussions, but the investment firm says NetSuite should seek additional bidders for the company. Oracle will need to win over the investment company to complete the deal…
26. Data Center Acquisition: Stratacache, a provider of digital signage, media distribution and enterprise video acceleration technologies, has acquired a data center and network operations facility in Dayton, Ohio. The facility has 113,000 square feet of raised floor data center and network operations space with capacity for a 550-seat support desk. The location is a former EDS data center that managed multiple GM plants across the region. Financial terms were not disclosed.
25. Orchestration Software Acquisition: ALA Services, an investment firm, has acquired Adaptive Computing, which develops workload and resource orchestration software. Financial terms weren’t disclosed.
24. Channel Talent: Unitrends, which develops business continuity solutions, has hired Alex Alvarez as the company’s senior vice president of Worldwide Channels and International Sales. Alvarez, a Riverbed veteran, now leads Unitrends’ 100 percent channel-focused global sales organization, the company says.
23. Executive Talent: Console, an interconnection company that allows businesses, partners and customers to work more closely together, has named Jef Graham as chairman and CEO. He succeeds founder and former CEO Al Burgio, who shifts to the chief strategy officer role.
22. CEO Exits: Chief executive officer departures jumped to the second highest level of the year, as 109 CEOs announced their exits during August, according to Challenger, Gray & Christmas, Inc. The August total was 18.5 percent higher than the 92 chief executive officer departures in July. It was the second highest number of departures in 2016, behind January, when exits reached a two-year high of 131. Computer firms, which include software manufacturers and mobile app developers, announced the third most changes in August with 11.
21. Box and Google Partner: Box and Google have announced a SaaS collaboration partnership that will benefit “businesses of all sizes,” according to Google Head of Global Technology Partners Nan Boden. Under terms of the deal, Box will integrate with Google Docs and Google Springboard to deliver a “seamless experience for working and collaborating in the cloud.” Box also is working with IBM on a document management development. The moves, announced at the BoxWorks 2016 conference, are part of a broader Box partner push to drive growth.
Proceed to page 2 for items 20 through 11. Seriously, it’s safe. I know it’s September but the water’s still warm. Dive in. Go to the next page…