Category Archives for "Managed Services News"

Jan 08

COVID-19 Doesn’t Stop Record Tech, Telecom M&A in 2020

By | Managed Services News

Both spending and deals were up last year.

Despite the global pandemic, tech and telecom M&A hit a new record in 2020, topping $600 billion in total value.

That’s according to 451 Research, part of S&P Global Market Intelligence.

Tech and telecom M&A spending last year soared to its highest level since the dot-com collapse. And last year’s record performance came in a historically abrupt boom-bust cycle.

A recession-led decline that can last years only knocked dealmakers out of the market for a few months in 2020. By summer, acquirers’ pent-up demand, combined with Wall Street’s confidence in the tech sector to thrive, not just survive, during the pandemic, flooded into the tech M&A market

Scott Denne is a senior research analyst with S&P Global Market Intelligence.

451 Research's Scott Denne

S&P Global Market Intelligence’s Scott Denne

“Both spending and deals were up last year,” he said. “According to 451 Research’s M&A KnowledgeBase, acquirers spent $604 billion on 3,993 global tech targets, compared to $476 billion on 3,729 targets in 2019.”

Collapse and Recovery

Acquisition spending dropped in the second quarter of 2020 to its lowest quarterly level in a decade. However, the average totals for both the third and fourth quarters was more than six times higher than spring’s slump.

Last year was the busiest overall year for tech deals since 2016.

Semiconductors accounted for three of the five largest tech acquisitions this year,” Denne said. “As a mature, cyclical industry, it’s not uncommon for chip companies to take up a big chunk of tech M&A spend. What’s unusual this year is that those companies fetched premium valuations. All three of them – Arm, Maxim and Xilinx – were valued at or above nine times trailing revenue. The median multiple for a $1 billion-plus semiconductor target, according to the M&A KnowledgeBase, is just 3.5 times since 2010.

The against-the-odds recovery in tech M&A even outpaced the stunning bull market rebound on Wall Street. On a total return basis, the S&P 500 climbed 18% in 2020, led by a 44% gain by the tech names in the benchmark index, according to S&P Global Market Intelligence.

Denne expects the momentum to continue in 2021.

“Though it’s impossible to predict how the entire year will unfold, the conditions that facilitated a strong tech M&A market in 2020 – a rising stock market, stabilizing IT budgets and an acceleration of digital living and working – are still in place,” he said.

Jan 08

COVID-19 Doesn’t Stop Record Tech, Telecom M&A in 2020

By | Managed Services News

Both spending and deals were up last year.

Despite the global pandemic, tech and telecom M&A hit a new record in 2020, topping $600 billion in total value.

That’s according to 451 Research, part of S&P Global Market Intelligence.

Tech and telecom M&A spending last year soared to its highest level since the dot-com collapse. And last year’s record performance came in a historically abrupt boom-bust cycle.

A recession-led decline that can last years only knocked dealmakers out of the market for a few months in 2020. By summer, acquirers’ pent-up demand, combined with Wall Street’s confidence in the tech sector to thrive, not just survive, during the pandemic, flooded into the tech M&A market

Scott Denne is a senior research analyst with S&P Global Market Intelligence.

451 Research's Scott Denne

S&P Global Market Intelligence’s Scott Denne

“Both spending and deals were up last year,” he said. “According to 451 Research’s M&A KnowledgeBase, acquirers spent $604 billion on 3,993 global tech targets, compared to $476 billion on 3,729 targets in 2019.”

Collapse and Recovery

Acquisition spending dropped in the second quarter of 2020 to its lowest quarterly level in a decade. However, the average totals for both the third and fourth quarters was more than six times higher than spring’s slump.

Last year was the busiest overall year for tech deals since 2016.

Semiconductors accounted for three of the five largest tech acquisitions this year,” Denne said. “As a mature, cyclical industry, it’s not uncommon for chip companies to take up a big chunk of tech M&A spend. What’s unusual this year is that those companies fetched premium valuations. All three of them – Arm, Maxim and Xilinx – were valued at or above nine times trailing revenue. The median multiple for a $1 billion-plus semiconductor target, according to the M&A KnowledgeBase, is just 3.5 times since 2010.

The against-the-odds recovery in tech M&A even outpaced the stunning bull market rebound on Wall Street. On a total return basis, the S&P 500 climbed 18% in 2020, led by a 44% gain by the tech names in the benchmark index, according to S&P Global Market Intelligence.

Denne expects the momentum to continue in 2021.

“Though it’s impossible to predict how the entire year will unfold, the conditions that facilitated a strong tech M&A market in 2020 – a rising stock market, stabilizing IT budgets and an acceleration of digital living and working – are still in place,” he said.

Jan 08

COVID-19 Doesn’t Stop Record Tech, Telecom M&A in 2020

By | Managed Services News

Both spending and deals were up last year.

Despite the global pandemic, tech and telecom M&A hit a new record in 2020, topping $600 billion in total value.

That’s according to 451 Research, part of S&P Global Market Intelligence.

Tech and telecom M&A spending last year soared to its highest level since the dot-com collapse. And last year’s record performance came in a historically abrupt boom-bust cycle.

A recession-led decline that can last years only knocked dealmakers out of the market for a few months in 2020. By summer, acquirers’ pent-up demand, combined with Wall Street’s confidence in the tech sector to thrive, not just survive, during the pandemic, flooded into the tech M&A market

Scott Denne is a senior research analyst with S&P Global Market Intelligence.

451 Research's Scott Denne

S&P Global Market Intelligence’s Scott Denne

“Both spending and deals were up last year,” he said. “According to 451 Research’s M&A KnowledgeBase, acquirers spent $604 billion on 3,993 global tech targets, compared to $476 billion on 3,729 targets in 2019.”

Collapse and Recovery

Acquisition spending dropped in the second quarter of 2020 to its lowest quarterly level in a decade. However, the average totals for both the third and fourth quarters was more than six times higher than spring’s slump.

Last year was the busiest overall year for tech deals since 2016.

Semiconductors accounted for three of the five largest tech acquisitions this year,” Denne said. “As a mature, cyclical industry, it’s not uncommon for chip companies to take up a big chunk of tech M&A spend. What’s unusual this year is that those companies fetched premium valuations. All three of them – Arm, Maxim and Xilinx – were valued at or above nine times trailing revenue. The median multiple for a $1 billion-plus semiconductor target, according to the M&A KnowledgeBase, is just 3.5 times since 2010.

The against-the-odds recovery in tech M&A even outpaced the stunning bull market rebound on Wall Street. On a total return basis, the S&P 500 climbed 18% in 2020, led by a 44% gain by the tech names in the benchmark index, according to S&P Global Market Intelligence.

Denne expects the momentum to continue in 2021.

“Though it’s impossible to predict how the entire year will unfold, the conditions that facilitated a strong tech M&A market in 2020 – a rising stock market, stabilizing IT budgets and an acceleration of digital living and working – are still in place,” he said.

Jan 08

COVID-19 Doesn’t Stop Record Tech, Telecom M&A in 2020

By | Managed Services News

Both spending and deals were up last year.

Despite the global pandemic, tech and telecom M&A hit a new record in 2020, topping $600 billion in total value.

That’s according to 451 Research, part of S&P Global Market Intelligence.

Tech and telecom M&A spending last year soared to its highest level since the dot-com collapse. And last year’s record performance came in a historically abrupt boom-bust cycle.

A recession-led decline that can last years only knocked dealmakers out of the market for a few months in 2020. By summer, acquirers’ pent-up demand, combined with Wall Street’s confidence in the tech sector to thrive, not just survive, during the pandemic, flooded into the tech M&A market

Scott Denne is a senior research analyst with S&P Global Market Intelligence.

451 Research's Scott Denne

S&P Global Market Intelligence’s Scott Denne

“Both spending and deals were up last year,” he said. “According to 451 Research’s M&A KnowledgeBase, acquirers spent $604 billion on 3,993 global tech targets, compared to $476 billion on 3,729 targets in 2019.”

Collapse and Recovery

Acquisition spending dropped in the second quarter of 2020 to its lowest quarterly level in a decade. However, the average totals for both the third and fourth quarters was more than six times higher than spring’s slump.

Last year was the busiest overall year for tech deals since 2016.

Semiconductors accounted for three of the five largest tech acquisitions this year,” Denne said. “As a mature, cyclical industry, it’s not uncommon for chip companies to take up a big chunk of tech M&A spend. What’s unusual this year is that those companies fetched premium valuations. All three of them – Arm, Maxim and Xilinx – were valued at or above nine times trailing revenue. The median multiple for a $1 billion-plus semiconductor target, according to the M&A KnowledgeBase, is just 3.5 times since 2010.

The against-the-odds recovery in tech M&A even outpaced the stunning bull market rebound on Wall Street. On a total return basis, the S&P 500 climbed 18% in 2020, led by a 44% gain by the tech names in the benchmark index, according to S&P Global Market Intelligence.

Denne expects the momentum to continue in 2021.

“Though it’s impossible to predict how the entire year will unfold, the conditions that facilitated a strong tech M&A market in 2020 – a rising stock market, stabilizing IT budgets and an acceleration of digital living and working – are still in place,” he said.

Jan 08

COVID-19 Doesn’t Stop Record Tech, Telecom M&A in 2020

By | Managed Services News

Both spending and deals were up last year.

Despite the global pandemic, tech and telecom M&A hit a new record in 2020, topping $600 billion in total value.

That’s according to 451 Research, part of S&P Global Market Intelligence.

Tech and telecom M&A spending last year soared to its highest level since the dot-com collapse. And last year’s record performance came in a historically abrupt boom-bust cycle.

A recession-led decline that can last years only knocked dealmakers out of the market for a few months in 2020. By summer, acquirers’ pent-up demand, combined with Wall Street’s confidence in the tech sector to thrive, not just survive, during the pandemic, flooded into the tech M&A market

Scott Denne is a senior research analyst with S&P Global Market Intelligence.

451 Research's Scott Denne

S&P Global Market Intelligence’s Scott Denne

“Both spending and deals were up last year,” he said. “According to 451 Research’s M&A KnowledgeBase, acquirers spent $604 billion on 3,993 global tech targets, compared to $476 billion on 3,729 targets in 2019.”

Collapse and Recovery

Acquisition spending dropped in the second quarter of 2020 to its lowest quarterly level in a decade. However, the average totals for both the third and fourth quarters was more than six times higher than spring’s slump.

Last year was the busiest overall year for tech deals since 2016.

Semiconductors accounted for three of the five largest tech acquisitions this year,” Denne said. “As a mature, cyclical industry, it’s not uncommon for chip companies to take up a big chunk of tech M&A spend. What’s unusual this year is that those companies fetched premium valuations. All three of them – Arm, Maxim and Xilinx – were valued at or above nine times trailing revenue. The median multiple for a $1 billion-plus semiconductor target, according to the M&A KnowledgeBase, is just 3.5 times since 2010.

The against-the-odds recovery in tech M&A even outpaced the stunning bull market rebound on Wall Street. On a total return basis, the S&P 500 climbed 18% in 2020, led by a 44% gain by the tech names in the benchmark index, according to S&P Global Market Intelligence.

Denne expects the momentum to continue in 2021.

“Though it’s impossible to predict how the entire year will unfold, the conditions that facilitated a strong tech M&A market in 2020 – a rising stock market, stabilizing IT budgets and an acceleration of digital living and working – are still in place,” he said.

Jan 08

COVID-19 Doesn’t Stop Record Tech, Telecom M&A in 2020

By | Managed Services News

Both spending and deals were up last year.

Despite the global pandemic, tech and telecom M&A hit a new record in 2020, topping $600 billion in total value.

That’s according to 451 Research, part of S&P Global Market Intelligence.

Tech and telecom M&A spending last year soared to its highest level since the dot-com collapse. And last year’s record performance came in a historically abrupt boom-bust cycle.

A recession-led decline that can last years only knocked dealmakers out of the market for a few months in 2020. By summer, acquirers’ pent-up demand, combined with Wall Street’s confidence in the tech sector to thrive, not just survive, during the pandemic, flooded into the tech M&A market

Scott Denne is a senior research analyst with S&P Global Market Intelligence.

451 Research's Scott Denne

S&P Global Market Intelligence’s Scott Denne

“Both spending and deals were up last year,” he said. “According to 451 Research’s M&A KnowledgeBase, acquirers spent $604 billion on 3,993 global tech targets, compared to $476 billion on 3,729 targets in 2019.”

Collapse and Recovery

Acquisition spending dropped in the second quarter of 2020 to its lowest quarterly level in a decade. However, the average totals for both the third and fourth quarters was more than six times higher than spring’s slump.

Last year was the busiest overall year for tech deals since 2016.

Semiconductors accounted for three of the five largest tech acquisitions this year,” Denne said. “As a mature, cyclical industry, it’s not uncommon for chip companies to take up a big chunk of tech M&A spend. What’s unusual this year is that those companies fetched premium valuations. All three of them – Arm, Maxim and Xilinx – were valued at or above nine times trailing revenue. The median multiple for a $1 billion-plus semiconductor target, according to the M&A KnowledgeBase, is just 3.5 times since 2010.

The against-the-odds recovery in tech M&A even outpaced the stunning bull market rebound on Wall Street. On a total return basis, the S&P 500 climbed 18% in 2020, led by a 44% gain by the tech names in the benchmark index, according to S&P Global Market Intelligence.

Denne expects the momentum to continue in 2021.

“Though it’s impossible to predict how the entire year will unfold, the conditions that facilitated a strong tech M&A market in 2020 – a rising stock market, stabilizing IT budgets and an acceleration of digital living and working – are still in place,” he said.

Jan 08

Intel Partner Alliance Unifies All Programs, Provides New Opportunities

By | Managed Services News

The new program is designed to enhance Intel’s relationship with valued partners.

The new Intel Partner Alliance debuts next week, unifying its longstanding partner programs into a single streamlined offering.

The new program combines the Technology Provider, IoT Solutions Alliance and Cloud Insider programs.

The Intel Partner Alliance aims to enhance the company’s relationship with valued partners. The program also accelerates new market opportunities in what the company notes is increasingly a data-centric world.

Intel's Eric Thompson

Intel’s Eric Thompson

“The new Intel Partner Alliance will better reflect the diversity of business models among partners and give them the opportunity to maximize program benefits,” said Eric Thompson, Intel‘s general manager of global partner enablement. “We appreciate each of our partners for their continued collaboration to bring new technologies to life for our customers across the world.”

A redesigned portal anchors the program. It incorporates Intel Partner University and Intel Solutions Marketplace into one platform. That makes it easier for partners to find the content they need, Intel said. They can also increase their skills on key technologies and collaborate for new opportunities.

New Partner Roles

New partner roles include field programmable gate array design services, cloud service provider and ISV. Also, Intel added distributor, manufacturer, solution provider, OEM and service integrator.

The Intel Partner University now provides deeper training. Intel partners can grow their expertise on a variety of topics, solutions and specialties.

The program offers more personalized content for customers through AI, whether it be rewards, trainings or products.

Intel has expanded the rewards system to simplify and maximize program benefits and rewards.

Furthermore, the Intel Solutions Marketplace now offers new opportunities for partner connections and matchmaking, lead generation and management, and storefront monitoring.

In September, Intel formally launched its next-gen mobile CPU, along with the Evo platform, a new brand for premium laptops. The first Evo logoed laptops are those based on the new Intel 11th Gen mobile CPU (code-named Tiger Lake).

Jan 08

COVID-19 Doesn’t Stop Record Tech, Telecom M&A in 2020

By | Managed Services News

Both spending and deals were up last year.

Despite the global pandemic, tech and telecom M&A hit a new record in 2020, topping $600 billion in total value.

That’s according to 451 Research, part of S&P Global Market Intelligence.

Tech and telecom M&A spending last year soared to its highest level since the dot-com collapse. And last year’s record performance came in a historically abrupt boom-bust cycle.

A recession-led decline that can last years only knocked dealmakers out of the market for a few months in 2020. By summer, acquirers’ pent-up demand, combined with Wall Street’s confidence in the tech sector to thrive, not just survive, during the pandemic, flooded into the tech M&A market

Scott Denne is a senior research analyst with S&P Global Market Intelligence.

451 Research's Scott Denne

S&P Global Market Intelligence’s Scott Denne

“Both spending and deals were up last year,” he said. “According to 451 Research’s M&A KnowledgeBase, acquirers spent $604 billion on 3,993 global tech targets, compared to $476 billion on 3,729 targets in 2019.”

Collapse and Recovery

Acquisition spending dropped in the second quarter of 2020 to its lowest quarterly level in a decade. However, the average totals for both the third and fourth quarters was more than six times higher than spring’s slump.

Last year was the busiest overall year for tech deals since 2016.

Semiconductors accounted for three of the five largest tech acquisitions this year,” Denne said. “As a mature, cyclical industry, it’s not uncommon for chip companies to take up a big chunk of tech M&A spend. What’s unusual this year is that those companies fetched premium valuations. All three of them – Arm, Maxim and Xilinx – were valued at or above nine times trailing revenue. The median multiple for a $1 billion-plus semiconductor target, according to the M&A KnowledgeBase, is just 3.5 times since 2010.

The against-the-odds recovery in tech M&A even outpaced the stunning bull market rebound on Wall Street. On a total return basis, the S&P 500 climbed 18% in 2020, led by a 44% gain by the tech names in the benchmark index, according to S&P Global Market Intelligence.

Denne expects the momentum to continue in 2021.

“Though it’s impossible to predict how the entire year will unfold, the conditions that facilitated a strong tech M&A market in 2020 – a rising stock market, stabilizing IT budgets and an acceleration of digital living and working – are still in place,” he said.

Jan 08

COVID-19 Doesn’t Stop Record Tech, Telecom M&A in 2020

By | Managed Services News

Both spending and deals were up last year.

Despite the global pandemic, tech and telecom M&A hit a new record in 2020, topping $600 billion in total value.

That’s according to 451 Research, part of S&P Global Market Intelligence.

Tech and telecom M&A spending last year soared to its highest level since the dot-com collapse. And last year’s record performance came in a historically abrupt boom-bust cycle.

A recession-led decline that can last years only knocked dealmakers out of the market for a few months in 2020. By summer, acquirers’ pent-up demand, combined with Wall Street’s confidence in the tech sector to thrive, not just survive, during the pandemic, flooded into the tech M&A market

Scott Denne is a senior research analyst with S&P Global Market Intelligence.

451 Research's Scott Denne

S&P Global Market Intelligence’s Scott Denne

“Both spending and deals were up last year,” he said. “According to 451 Research’s M&A KnowledgeBase, acquirers spent $604 billion on 3,993 global tech targets, compared to $476 billion on 3,729 targets in 2019.”

Collapse and Recovery

Acquisition spending dropped in the second quarter of 2020 to its lowest quarterly level in a decade. However, the average totals for both the third and fourth quarters was more than six times higher than spring’s slump.

Last year was the busiest overall year for tech deals since 2016.

Semiconductors accounted for three of the five largest tech acquisitions this year,” Denne said. “As a mature, cyclical industry, it’s not uncommon for chip companies to take up a big chunk of tech M&A spend. What’s unusual this year is that those companies fetched premium valuations. All three of them – Arm, Maxim and Xilinx – were valued at or above nine times trailing revenue. The median multiple for a $1 billion-plus semiconductor target, according to the M&A KnowledgeBase, is just 3.5 times since 2010.

The against-the-odds recovery in tech M&A even outpaced the stunning bull market rebound on Wall Street. On a total return basis, the S&P 500 climbed 18% in 2020, led by a 44% gain by the tech names in the benchmark index, according to S&P Global Market Intelligence.

Denne expects the momentum to continue in 2021.

“Though it’s impossible to predict how the entire year will unfold, the conditions that facilitated a strong tech M&A market in 2020 – a rising stock market, stabilizing IT budgets and an acceleration of digital living and working – are still in place,” he said.

Jan 08

Fired Cybersecurity Chief Chris Krebs to Aid SolarWinds with Hack

By | Managed Services News

Chris Krebs was fired because he disputed Trump’s claims of election fraud.

SolarWinds has hired former federal cybersecurity chief Chris Krebs to help with the fallout from its massive hack.

Krebs Stamos Group's Chris Krebs

Chris Krebs testifying before Congress in 2020.

Krebs was director of the Cybersecurity and Infrastructure Security Agency (CISA). President Trump fired him because he said there was “no evidence that any voting system deleted or lost votes, changed votes, or was in any way compromised” in the November election.

The former cybersecurity chief has joined SolarWinds along with his business partner, Alex Stamos, former Facebook CSO. Their new firm, Krebs Stamos Group, helps clients build security teams, processes, programs and culture. It also provides advice on decisions during extreme crises.

Sudhakar Ramakrishna is SolarWinds’ CEO.

SolarWinds' Sudhakar Ramakrishna

SolarWinds’ Sudhakar Ramakrishna

“Armed with what we have learned of this attack, we are also reflecting on our own security practices and seeking opportunities to enhance our posture and policies,” he said. “We have brought in the expertise of Chris Krebs and Alex Stamos to assist in this review and provide best-in-class guidance on our journey to evolve into an industry-leading secure software development company.”

In the SolarWinds hack, the malicious hackers inserted Sunburst malware into SolarWinds‘ Orion software updates. SolarWinds sent the updates, released between March and June 2020, to nearly 18,000 customers.

This led to security breaches at numerous U.S. government agencies. Specifically, the attackers breached the National Telecommunications and Information Administration (NTIA), the Department of Homeland Security (DHS) and more. The attackers also breached SolarWinds’ corporate clients.

Alex Stamos Highly Regarded

Eric Parizo is principal analyst of Omdia’s cybersecurity operations intelligence service.

Omdia's Eric Parizo

Omdia’s Eric Parizo

“The reported hiring of Chris Krebs and former Facebook CSO Alex Stamos by SolarWinds as security consultants is first and foremost a public relations effort, designed to create the appearance that it is taking its supply chain software compromise seriously,” he said.

Krebs, while highly regarded, by trade is an attorney and national security expert, Parizo said. Therefore, he’s unlikely to offer much in the way of hands-on expertise.

“More likely, his legal experience and his connections in the U.S. government may help facilitate smooth communication and accelerate the dissemination of effective remediation information, especially among affected government agencies,” he said.

However, with Stamos, SolarWinds gets “one of the industry’s most highly regarded security leaders,” Parizo said.

Stamos’ past experiences at Yahoo and Facebook have proven that he can succeed in some of the most challenging circumstances and hostile business environments imaginable, while maintaining a rock-solid ethical compass,” he said.

SolarWinds will ideally allow Stamos to manage the Orion incident, Parizo said. It should also use his expertise to implement a “world-class cybersecurity program based on a rigorous software security life cycle.”

SolarWinds can turn a “public relations nightmare into a huge win for the company and its customers,” he said.

>