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Technology News For March 2014 Plus A Look At March
A little History of March from previous year... Five years ago the year was March 2009, Google was featured in the press for establishing an investment fund of $100 million. Bell Canada bought "the Source" and the dissolution of BearingPoint after Chapter 11, benefited Deloitte and PwC along with other organizations around the world. March , 2010 saw a continuation of the recovery of the economy. It was a quiet month in M&A activity , with CA purchasing both 3Tera at a cost of $90 million, and Nimsoft for $350 million. Chordiant was acquired by Pegasytems for just over $160 million, and another deal worth noting was Avnet's purchase for $340 million of Bell Microproducts. Three years ago the month of March 2011 world events included the tsunami, earthquake and subsequent nuclear woes. The big technology event of the month was the announcement by AT&T of the $139 Billion deal to acquire T-Mobile... that later failed, costing AT&T the equivalent of $4 billion. There were no other mega-deals like this, it was a busy month in the M&A world. Montreal's Radian6 was snapped up by Salesforce.com for about $276 million. Facebook announced a couple of acquisitions tech within the mobile sector Snaptu and Beluga; YouTube paid about $50 million for Next New Networks; McAfee purchased security firm for databases Sentrigo; Cisco bought portal company newScale; Teradata bought data analytics startup Aster the data... it was a continuation of the consolidation taking place in the hot data sector as well as OpenText bought a mobile app developer tool maker WeComm. In March 2012, there was some activity, with a handful of (then) young businesses receiving significant sums of capital Appirio ($60 million) as well as Hootsuite ($20 million). Cisco has made a few acquisitions and paid a staggering 5 billion in cash for software for videos and the content company NDS Group in addition to smaller purchases of network management, ClearAccess. NEC paid $450 million for the data management division of Convergys and Avaya paid $230 million for the Israeli videoconferenceing and telepresence company Radvision. Other companies that were on the acquisition trail were DELL, EMC, SafeNet, Avnet and The Utility Company. Then, SAIC agreed to pay nearly a half million dollars in the City of New York related to charges it overbilled and made kickbacks! Last year, in March 2013 some from the "usual characters" were making acquisitions, but there weren't any billion dollar deals disclosed. Oracle continued its move into the telco industry with the acquisition of Tekelec; Google bought a small Toronto University based company DNNresearch within the machine learning sector; Microsoft sold Atlas Advertiser Suite to Facebook and Yahoo acquired Summly. Microsoft ran into some difficulties in the EU paying $732 million for antitrust penalties for Internet Explorer and Evernote suffered an incident that affected 50 million users. This leads us back into the moment... The month of March in 2014 was not an enthralling month for acquisitions, but there was one huge deal with Facebook taking a astonishing, $2 Billion purchase of virtual reality startup Oculus VR. Intel has also broadened its horizons with the $150 million acquisition of the maker of smart watches Basis Science. Another interesting move was an amount of money invested in "big data" company Cloudera which has both Google (as part of an investment consortia) and Intel as a participant. SAP expanded its purchasing software suite after the acquisition from Fieldglass and Telus made a couple of buys, Enode a management consulting firm based out of Quebec along with Med Access an addition, in British Columbia, to their healthcare division. There were a few other small deals as well. Embarcadero acquired the ERwinDate Modelling software from CA. Apart from M&A business, there were also a number of companies that were making headlines, and not all for good stuff! IBM's server purchase to Lenovo has led to significant labor issues in China, Google was ordered to pay $85 million to SimpleAir for patent infringement and NetApp announced that it would be laying off almost 5% of its workforce which is equivalent to 600 jobs. A few Bitcoin exchanges ran into serious troubles, due to Mt.Gox "losing" $500 million in bitcoins, and Vicurex has froze all its accounts after a major hack. The most notable "people events" in March led to Target's CIO Beth Jacob resign in response to the massive breach of data and Symantec was fired from their chief executive Steve Bennett. Economic news was at most "tepid" in Canada, with the unemployment rate staying the same and the indicators general "blah" (that is one of my best economic definitions). Indicators in the US however were generally positive with GDP growth, several confidence indicators showing promise and an outlook of increasing hiring.  

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