Amidst an exponential rise in coronavirus cases and a surge in unemployment claims, market sentiment was still more positive than in recent weeks as Congress passed a landmark $2 trillion stimulus package.
Read MoreCarbonite (CARB), a provider of data protection services and endpoint security, has agreed to be bought by OpenText (OTEX) for $23.00 per share in cash, a 25% premium to the last closing price preceding the announcement and a 78% premium to the unaffected closing price on the day prior to reports that the company was considering a sale.
Read MoreOn the deal front this week, Akamai Technologies (AKAM) acquired KryptCo’s multifactor authentication technology for an undisclosed price. Targeted at enterprises, the technology is resistant to phishing and offers a simplified user experience that does not require the entering of pin codes.
Read MoreFollowing a 13D/A filing by controlling shareholder Dell Technologies (DELL) disclosing merger discussions, Pivotal Software (PVTL) confirmed that the company is negotiating an agreement to be acquired by VMware (VMW) for $15.00 per share in cash, representing a premium of nearly 81% to the close price prior to the disclosure.
Read MoreInteresting developments in both the supply chain management and customer engagement software segments this week.
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