Verizon boosts Hybrid Clouds with CloudSwitch acquisition

Verizon Communications has increased its ever-growing portfolio of cloud services with its latest addition: CloudSwitch.

The new company, whose user-friendly software enables enterprises to quickly build hybrid clouds where virtual machines can move between data centres and cloud platforms, is going to be combined with Terremark, another recent Verizon purchase.

Verizon hopes that the addition of CloudSwitch technology will further enhance its already impressive hybrid cloud and cloud-to-cloud...

By Verity Gough, 29 August 2011, 0 comments. Categories: Enterprise, M&A.

HP plumps for Cloud in £7bn deal

Hewlett Packard has shunned hardware in favour of the cloud after it acquired UK-based software company, Autonomy, in a deal that sees HP acquire all outstanding shares for £25.50 each, cash.The Cambridge-based company, which launched in 1996, has become a global leader in infrastructure software with a customer base of more than 25,000 global companies, law firms and public sector agencies. And while some commentators have suggested that HP have overpaid, Hewlett-Packard’s Chief Executive Officer, Leo...

By Verity Gough, 21 August 2011, 0 comments. Categories: Industry, M&A, Trends.

Google acquires Motorola Mobility for $12.5 Billion

In its largest ever acquisition, Google has announced that it will buy Motarola Mobility, the tech giant’s phone division, for a massive $12.5bn, launching the global search leader into the mobile handset market at mach 5 and surely shaking up the Android ecosystem almost beyond belief.

The deal is yet to win competition approval, which may not be entirely plain sailing, and brings Google into direct competition with the raft of handset manufacturers that licence the Android OS, providing ...

By Verity Gough, 16 August 2011, 0 comments. Categories: M&A, Private.

Acer reveals cloud intentions with $320m acquisition

The Taiwanese electronics manufacturing giant Acer looks about to embark on cloud odyssey of its own as after paying out around $320m for the little-known Silicone Valley-based firm iGware.

The company has had a difficult year so far, suffering a share-price fall of almost 50%, declining retail revenues and the loss its CEO Gianfranco Lanci following a series of disagreements over business strategy.

Earlier this month, until recently the world’s number two PC producer, was shunted to fourth by analyst...

By Matt Henkes, 25 July 2011, 0 comments. Categories: Consumer, Industry, M&A.