Finance
Financial information and management tips for VARs, managed services providers (MSPs), cloud services providers (CSPs), IT service providers and channel-friendly technology companies.
ConnectWise Acquired: Sale Creates Over 70 Millionaires
Thoma Bravo acquires ConnectWise. Yes, there are some staff cuts. But more than 70 ConnectWise employees & alumni become millionaires. Combined stock payout to employees: $270 million.
Windstream Loses Court Ruling; Service Provider Faces Potential Bankruptcy
Windstream loses court ruling vs. Aurelius Capital Management. The service provider, which face bankruptcy, delays its Q4 financial results.
ConvergeOne: Alleged Fraud Complicates $1.2 Billion Debt Efforts
ConvergeOne faces $11 million writedown after potential employee fraud, report says. Lenders are struggling to sell $1.2 billion worth of loans tied to ConvergeOne’s 2018 company sale.
MSP Valuation Worksheet: 8 Variables and KPIs to Consider
How much is your managed services provider (MSP) business worth? Evergreen Services Group, which acquired 12 MSPs in 2018, uses this MSP Acquisition Scorecard — a worksheet to help frame the buyout conversation.
People’s United Bank Acquires VAR Technology Finance
People’s United Bank acquires VAR Technology Finance, a leasing & finance company that supports channel partners. The deal arrives amid the shift to Device as a Service, and the move from OpEx to CapEx technology consumption.
IBM Sells Mortgage Servicing Division to Mr. Cooper Group
IBM sells its Seterus mortgage servicing platform to Mr. Cooper Group. IBM CEO Ginni Rometty wants to shed non-core assets while pushing deeper into cloud & cognitive computing.
Managed Accounting Services: AcctTwo Acquires Leap The Pond
AcctTwo acquires Leap the Pond, uniting two Sage Intacct partners that offer managed accounting services, accounting software, and custom-developed applications.
Apple Revenue Warning, Weak iPhone Sales Raise Fresh Economic Concerns
Apple (AAPL) revenue warning blames weak iPhone sales on China economy & trade war. But are the bigger problems smartphone market saturation, iPhone pricing & more?
Private Equity, Venture Capital Warning Signs for 2019
The New Year starts with fresh warnings about the private equity and venture capital markets, particularly as they pertain to technology and managed service provider (MSP) investments in 2019.
Dell Public Stock: Will Shareholders Demand Quarterly Profits?
Dell Technologies is growing rapidly & Michael Dell says the company is primed for success in public markets. But do net income & actual profits matter?