Zendesk Closes $10.2 billion All-cash Acquisition After Soared Over 60 percent on Buyout Deal Talk

Zendesk closed a $10.2 billion all-cash acquisition deal with a group of buyout firms led by Hellman & Friedman LLC and Permira as rumored Thursday after market. Under the terms of the agreement, Zendesk stockholders will receive $77.50 a share, a roughly 34% premium to Thursday’s closing price of $57.95. Premarket $ZEN soared as high as $91, the stock had soared after hours Thursday after the WSJ reported that it was “close to a deal with a group of buyout … Continue reading “Zendesk Closes $10.2 billion All-cash Acquisition After Soared Over 60 percent on Buyout Deal Talk”

Intel Sees Macro Environment Weaker Than Anticipated, Hitting Demand for Chips

Semiconductor giant Intel, the 2nd heaviest weight in the SMH ETF presented a negative outlook at the Bank of America Global Technology Conference late Tuesday after the market had closed. The company’s CFO, David Zinsner, said that the macro environment is weaker than Intel anticipated coming into the quarter. Accordingly, he expects customers to reduce inventory levels, negatively impacting demand for INTC’s chips.  Recall when INTC reported Q1 earnings on April 28, it issued downside Q2 EPS and revenue guidance … Continue reading “Intel Sees Macro Environment Weaker Than Anticipated, Hitting Demand for Chips”

SoFi Pays $1.1 Billion for Banking Software Infrastructure Firm Technisys

In an all-stock deal SOFI hoping to revamp the student lender into a full-service bank. SoFi Technologies (SOFI) is acquiring banking-software maker Technisys SA for about $1.1B in an all-stock deal. SOFI is trading $11.39▼ 0.79 (-6.49%) pre-market. SoFi Technologies Inc. is buying banking-software maker Technisys SA for about $1.1 billion, the latest in a string of deals designed to transform the lender into a one-stop financial shop. Last month, the company received an approval to become a national bank through its proposed acquisition of Golden Pacific … Continue reading “SoFi Pays $1.1 Billion for Banking Software Infrastructure Firm Technisys”

First Data Customer Engagement Platform Braze Goes Public, From AppBoy To BRZE

Customer engagement Braze Inc $BRZE targeted a $55 to $60 per-share IPO price range and priced at the high end of $65 per share. The stock opened 34% over the deal cost in their market debut on Wednesday, getting a valuation of almost $8 billion. The stock closed at $93.39 on day one. Customer engagement platform Braze (BRZE) Founder-led Braze provides a customer engagement platform used by businesses to improve their marketing. Braze says its foundation permits its customers to improve comprehension … Continue reading “First Data Customer Engagement Platform Braze Goes Public, From AppBoy To BRZE”

Brazilian Engineering Software Provider CI&T IPO Debuts on NYSE

Brazilian based CI&T, a global digital native specialist, and end-to-end digital transformation partner providing strategy, design and software engineering services to some of the world’s leading brands went public as $CINT on the NYSE closing up 20%

Atlassian Breaks Over $US100 billion Market Cap Rewarding Australian Founders TEAMwork

Australian project management software company Atlassian’s sharemarket value has broken through the $US100 billion mark, trading on the NASDAQ under the symbol TEAM. the move lifted the personal wealth of its Australian founders to over $US23 billion each. Remote work in the pandemic has beena boon for the company.

Palo Alto Networks Continues Aquisition Spree, Guides Lower

Security software company Palo Alto Networks reported better than expected fiscal first quarter earnings after the market close Thursday BUT lowered guidance. PANW will acquire Aporeto, which helps identify and segment workloads across cloud and on-premises networks

Red Hat Linux Software Earnings Miss Head of IBM Aquisition

Open source Linux software provider Red Hat, who will be acquired by IBM reported earnings after the close Monday, missing on earnings and on revenue. $RHT new products OpenShift and OpenStack have been ramping up revenue from hybrid cloud computing.