M&A activity slowed somewhat, but this week still saw two notable transactions. Palo Alto Networks (PANW) announced plans to acquire Demisto, a leader in security orchestration, automation and response solutions, for $560MM in a cash and stock deal.
Read MoreAnother week, another big acquisition. Following last week’s announced take-private of Ultimate Software (ULTI), this week saw the sale of Ellie Mae (ELLI) to Thoma Bravo for an equity value of $3.7B, representing TTM EV/Sales and EV/EBITDA multiples of 6.9x and 27.2x, respectively.
Read MoreThis past week started with a bang as long-time stalwart Ultimate Software (ULTI) announced its sale to a group of private equity firms led by Hellman & Friedman for $331.50 per share in cash.
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