So far, 2018 has been the blockbuster year as that was the year we had some of the major deals and tech acquisitions.
Acquisition and Tech Mergers
From SAP acquiring Qualtrics for a mind-blowing $8 billion, to IBM picking up Red Hat for a stomach boggling $33 billion and not to talk of Broadcom that snatched CA Technologies for $18.9 billion in cash ($18.9 billion in cash money).
2019 on the other hand saw a little decline of 25% after GlobalData announced technology Mergers and Deals worth $245 billion in the end of Q3.
So as we begin the year of 2021, it is also worth looking at some of the major acquisitions that went down in the tech industry in 2020. So without further-a-do let get down to it.
Note : This list is in no order.
1. Vista Equity Partners Acquires Pluralsight for $3.5 billion.
This merger is one of the best of 2020 as Slack have seen an exponential growth since it founding in 2009.
This acquisition also broke the record of the largest acquisition made by Salesforce CEO, Marc Benioff.
According to Marc Benioff, he said in an interview that “This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. I’m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes.”
Kustomer which was founded in 2015 is a customer relationship management platform whose main focus is the contact center.
As we might all know, Facebook would go to any length to connect it users across it social platforms, WhatsApp, messenger, and Instagram with appropriate businesses. And every business loves to interact with their customers across a variety of digital channels.
In a joint statement by Dan Levy, Vice President of Ads and Matt Idema, COO, they wrote that “Facebook plans to support Kustomer’s operations by providing the resources it needs to scale its business, improve and innovate its product offering, and delight its customers”.
4. Adobe Acquires Workfront for $1.5 billion.
Workfront is a task management and collaboration tool used by professional businesses to get their task done smoothly. If you ask me I’ll say they operate in a very competitive workspace. Their competitors include the likes of Jira, Clarizen, Wrike, Asana, Smartsheet, Planner, Liquid Planner and monday.com.
During the time of it acquisition, Workfront had 3K customers and well over 1 million users.
5. Marvell Technology Acquires Inphi for $10 billion.
Yes you read that right, during the end of the year the semiconductor market went straight for the skies. Although Marvell’s acquisition of Inphi was a cash-and-stock deal not all cash.
It is also worth knowing that immediately after this acquisition, AMD followed up with their acquisition of Xilinx that same month. Like that wasn’t enough, Nvidia grabbed Arm the following month.
Together they now operate a Chip company worth well over $40 billion. They also made it clear that they plan on building high-performance chips to power data centers and support 5G wireless structures.
6. AMD Acquires Xilinx for $35 billion.
Like we earlier said, the semiconductor market saw a huge boom in late October with AMD making the announcement of it $35 billion all-stock acquisition.
Xilinx is a silicon company that focuses on programmable processors used in high performance cases like digital encryption and video file compression. This acquisition will also give AMD an upper-hand in it competition with Intel.
7. Twilio acquires Segment for $3.2 billion.
Twilio and Segment are both San Francisco companies that specializes in APIs which makes gathering data (Which is what Segment does) and communicating through digital lines(which is what Twilio does) very efficient.
With the acquisition Twilio hopes to get Segment’s consumer data and use that to provide a sort of personalized outreach.
8. Nvidia Acquires Arm for $40 billion.
Mega Chipmaker Nvidia, confirmed their acquisition of UK-based chip designer Arm for a whooping $40 billion in a stock and cash deal.
9. Uber Acquires Postmates For $2.6 billion.
Ride hailing giants Uber, also completed an acquisition of it rival Postmates in July for $2.6 billion. The deal which is an all-stock deal is going to be bringing together two of the largest food delivery companies in the United States.
10. Amazon Acquires Zoox for $1.2 £
We have seen Amazon show some interest in autonomous vehicles lately with the buying of stakes in Aurora and electric truck makers Rivian. This Zoox acquisition would be sort of like the icing on the cake.
According to Jeff Wilke, Amazon’s CEO of Worldwide consumer said in a blog post that “Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience.”
11. Intel Acquires Moovit for $1 billion.
Intel finally confirmed their acquisition of Israeli startup Moovit, in May for $900 million. If we could recall, the Chipmaker also acquired Mobileye mobility unit for $15.3 billion in 2017, merging them both would be a great combo.
12. Salesforce Acquires Vlocity for $1.33 billion.
Salesforce saw it first acquisition of 2020 in February when it acquired the San Francisco company Vlocity for $1.33 billion. Salesforce is also one of the investors of Vlocity in 2019.
13. Morgan Stanley Acquires ETrade for $13 billion.
ETrade on the other hand is an Electronic trading company based in silicon valley that specializes in financial instruments.
14. Visa Acquires Plaid for $5.3 billion.
Card payment giant Visa, made it official by January of 2020 when they announced the acquisition of Plaid for $5.3 billion in cash money.
I know, we are all still surprised how a company that was last valued at $2.65 billion could be acquired for $5.3 billion. Well if we could vividly recall, Plaid had a Series C funding in December 2018 of $250 million where both Visa and MasterCard were also investors.
15. Insight Partners Acquires Veeam for $5 billion.
Yes that right, private equity firm Insight Partners also made a massive purchase of the Swiss data management company Veeam for $5 billion. Let not forget that the same Insight Partners invested $500 million in Veeam in 2017.
If we come to think of it, regardless of the fact that 2020 was also one of the worst years owing to the pandemic, it still was still one to remember.
Now it 2021, let’s just wait and hope that more acquisition goes on this year.