M&A this week included a couple of AIOps deals at ServiceNow (NOW) and VMware (VMW). ServiceNow’s acquisition of Loom Systems adds log and metrics analysis to its IT Service Management (ITSM) and IT Operations Management (ITOM) solutions, thereby enabling customers to proactively identify IT incidents and automate remediation tasks.
Read MoreWithin our coverage universe this week, Assurance Global Services (AGS) sweetened its bid to acquire CTG (CTG), offering $7.00 per share in cash. The upsized offer represented a 33% premium to the prior day’s close and topped AGS’ initial $5.50-$6.00 proposal in May 2019.
Read MoreHappy New Year! The new year also marks a new beginning at Talend (TLND) as the company appointed Christal Bemont as CEO, succeeding Mike Tuchen, who has held the reins for the past six years. Ms. Bemont joins Talend from SAP Concur where she served as Chief Revenue Officer.
Read MoreDepending on news flow next week, this may well be our last weekly recap for 2019, so we wish you all a safe and happy holiday season! Last week, media reports indicated that LogMeIn (LOGM) was set to be acquired by affiliates of private equity firm Francisco Partners and Elliott Management in a deal valued at over $4.0 billion.
Read MoreInstructure’s (INST) plan to be taken private by Thoma Bravo for $47.60 per share in cash faced further resistance this week as 7.5% shareholder Praesidium Investment Management issued an open letter to the Board of Directors expressing its view that the purchase price undervalues the company.
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