Mergers and acquisitions

Ripple Effects Of Canon Milestone Union

The ripple effects of the recent acquisition of Milestone by Canon are far reaching and significant, especially in this global village of a world we operate in. It would be interesting to know if the Milestone and Canon executive teams truly appreciated the impact their business transaction would have on so many businesses around the […]

CSC Continues Acquisition Track With ServiceMesh Deal

John Madden Summary CSC announced more than a year ago that it would reorganize and reinvest in strategic areas to spark additional growth, and the company has been true to its word. The vendor’s recently announced acquisition of ServiceMesh, a 140-person, privately funded cloud management and brokerage company, is CSC’s third deal in a year – made possible by cost-cutting and shedding some business in order to build up resources and free cash. This deal augments CSC’s overall cloud initiatives, particularly in how it accelerates CSC’s internal IP efforts around cloud orchestration and management. Acquisitions focused on building capabilities in strategic growth areas CSC unveiled its acquisition of ServiceMesh as part of its mixed Q2 earnings announcement. This is the second deal for the outsourcer in the last three months, and its third deal in a year – which is notable, as CSC has been very acquisition-averse in the past. All of these deals are to bolster CSC’s IP and capabilities in its strategic growth areas, which include cloud and Big Data/analytics as top priorities. The first two deals were focused on Big Data. First, in October 2012, CSC acquired 42Six Solutions, a software development company specializing in data processing and analytics for US government intelligence agencies and for the US Department of Defense. Secondly, in August 2013, CSC enhanced its Big Data practice with a deal for Infochimps, a small, privately held company known for its automated framework for elastic scaling of Hadoop, NoSQL, and stream processing analytics […]