We noted back in June that IDOX’s purchase of Grantfinder – first announced in May – was under review by the OFT (IDOX acquisition investigated by OFT). Today the OFT announced it would not refer the acquisition to the Competition Commission and so the deal is safe. As we said at the time (IDOX on the acquisition trail) this is a sensible move by IDOX, moving it further into specialist content around its existing offerings and augments its recurring-revenue base.
Articles tagged: acquisition
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Thursday 2nd September 2010
IDOX’s Grantfinder acquisition cleared
Posted by Philip Carnelley at 15:16 - 0 comments -
Thursday 2nd September 2010
Capgemini has a Brazilian
To be honest there’s no real UK angle to this story, but it is indicative of where the IT services industry sees its growth (and global delivery) markets.Capgemini is to take control of Brazil’s largest IT services player, CPM Braxis, with a €233m cash payment for 55% of the business, valuing the enterprise at €437m. Capgemini has a call option on the remaining 45% which it can exercise between years 3 and 5. CPM Braxis, which is 45% owned by leading Brazilian bank, Bradesco and 21% by private equity, is expected to turn over €450m this year, with a 6% ‘adjusted’ EBIT margin (i.e. Cap is in effect paying around 1x revenues and 16x adjusted EBIT). After the deal, Bradesco will still own 20% of the company and private equity 11%.
The transaction boosts Capgemini’s presence in Latin America by another 5,500 FTEs to around 7.400 employees, not that far off its total headcount in North America (8,100). While most of the CPM Braxis business will concentrate on the domestic market, Cap also intends to use it to boost its own nascent remote infrastructure management services into the North American market.
As it happens, I will be in Brazil at the end of the year and hope to arrange a meeting with CPM Braxis management.
Posted by Anthony Miller at 07:46 - 0 comments -
Wednesday 1st September 2010
Alterian builds social media analytics expertise
Continuing its build out into social media analytics, Alterian is to buy Intrepid Consultants, a market research consultancy operating in that space. It is paying up to $11.5m, depending on performance, in cash and shares for Intrepid, which has 40 staff in London, Seattle and Vietnam. Intrepid staff already use Alterian technology in their project work.We have commented many times on the growing power of social media, and the concomitant hunger within marketing departments to utilise and analyse social media. Indeed this is becoming a pre-eminent marketing tool. For Alterian this is a natural move to consolidate and leverage its increasing technology scope in that direction (eg see Alterian ticks social media analytics box).
Posted by Philip Carnelley at 08:48 - 0 comments -
Tuesday 31st August 2010
When the chips are down, Intel buys more chips!
Hardly has the ink dried on Intel’s offer to acquire McAfee (see Intel buys McAfee), than off it went shopping again, this time for the Wireless Solutions (WLS) business of Infineon, the semiconductor business spun out from Siemens back in 1999. Intel will pay $1.4b cash for WLS, which lost money in FY09 (to 30th Sept.) on €917m of revenues, but has since returned to profit to the tune of €50m for the 9 months to 30th June on €883m in revenues. Like with McAfee, Intel intends to run WLS as a standalone business.Just before the weekend, Intel had warned of a global PC slowdown (see Intel warns of PC slowdown) and wants (indeed, needs) to spread its wings beyond processor chips, particularly in mobile technologies. Sounds like a smart buy.
Posted by Anthony Miller at 07:33 - 0 comments
