Global Corporate Mergers 2022-23

global corporate mergers 2022 23

Globally, several tech acquisitions and mergers in 2022 turned the tables on previous corporate structures. Actually, these global tech deals continued at a heightened pace in 2021, crossing into 2022. Analysts predict these deals were worth almost $3 trillion, which is the calculation before we reached the final financial quarter. Many wondered whether 2022 would match this astonishing blockbuster activity. According to Global Data research, various global tech M&A deals almost hit $3 trillion by Q3; tech, telecom, and media corporates were the most active sectors.

Consider this: Even though nothing could rival the $35 billion that Xilinx paid to acquire Advanced Micro Devices in 2020, there were exciting developments in 2021-2022. Think of it: Intuit went ahead to buy Mailchimp for a whopping $12 billion, Square also splashed out a handsome $29 billion to get Afterpay. The early signs in 2022 clearly suggested that the year would proceed with similar deals doing the rounds in various places. Some of the hottest, most promising sectors that would drive the big deal era include collaboration software and cybersecurity.

So, in April 2022, the security software company Kaseya bought Datto for a princely $6.5 billion; this means Kaseya took the latter into the private enterprise division once again. Datto had already joined the New York Stock Exchange listings in 2020. Datto, founded in 2007, is well-known for providing security software and data backup to several managed service providers.

Following the high-profile, big-money acquisitions, Kaseya's CEO, Fred Voccola had this to say: "This came as exciting news for our global customers; as a result of the purchase, they can expect to see more innovative, functional, and integrated solutions." Then there was the big news of AMD acquiring Pensando for $1.9 billion. Pensando generally specializes in DPUs ( data processing unites; this includes programmable, intelligent software which supports the software-defined cloud, compute, storage, security, and networking services that can be rolled out to edge, service-provider networks, or colocation. Pensando's co-founder and chief business officer Soni Jiandani said this: "There are plenty of use cases-like 5G and IoT- that should support many low-latency traffic. As such, we've assumed a ground-up approach to offer enterprise customers a fully programmable system that can support complex infrastructure systems without dedicated CPUs."

Earlier on, in March 2021, Celonis paid out $100 million to acquire Process Analytics, Factory, a fellow German software company. Celonis has generally concentrated on helping various enterprises optimize their processes around the ERP systems. More recently, Celonis expanded its services to help enterprises optimize the use of workflow automation platforms. With their new acquisition of [Process Analytics Factory, Celonis expects to improve its own process mining offering. It also expects to help various enterprises upgrade and automate with the help of Microsoft's Power Platform systems. Consequently, Celonis launched its own Execution Management System ( EMS) in October 2020. The idea was to visualize and design efficient processes. Thus, Celonis formed a new partnership in collaboration with Microsoft; the pair would unite to deliver efficient process analytics using Power BI; it would also integrate its various process improvement tools with the Microsoft Power Platform. Later still, in October 2021, Celonis went into partnership with ServiceNow- it also aimed to deliver process mining capacities to the Now Platform. Celonis has other technology partnership arrangements with Coupa, Appian, Oracle, Snowflake, Salesforce, Splunk, IBM, and a few other software vendors.

Other news in March 2021 indicated HP was poised to acquire Poly for $3.3 billion. Poly generally specializes in audio equipment and video accessories; the purchase price was projected at $1.7 billion, and the total transaction value would be $3.3 billion, inclusive of debt. It was expected that this deal would be concluded at the close of 2022. Analysts note that this latest acquisition will accelerate HP's determined break into the world of hybrid work. The deal came only eight months after HP had purchased Teradici, a remote desktop software provider.

HP President and CEO Enrique Lores said: " The emergence of the hybrid office has created a once-in-a-generation opportunity for us to redefine the way modern work gets done. Consequently, the combination of Poly and HP will create a leading portfolio of modern hybrid work solutions that cut across large and growing markets. Poly's strong complementary go-to-market, technology, and the super-talented team will help us drive longer-term profitable growth. This is especially essential as we continue to build a stronger, more efficient HP.