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Tag Archives: M&A Activity

Broadcom Strikes $10.7B Cash Deal for Symantec’s Enterprise Security Assets; Rick Hill Quoted

Broadcom (Nasdaq: AVGO) has agreed to acquire Symantec's (Nasdaq: SYMC) enterprise security assets for approximately $10.7B in cash. The transaction includes the acquisition of the Symantec name and is expected to conclude before the end of calendar year 2019, subject to regulatory approvals and other customary closing conditions, Symantec said Thursday.

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Acorn Growth Companies Buys Controlling Interest in Robbins-Gioia

Acorn Growth Companies has acquired a majority stake in Robbins-Gioia, a management consulting firm that aims to help public and private sector customers modernize systems. "We see this partnership with Acorn as a key driver in the achievement of our vision to be the leader in delivering modernization and transformation for the federal government and similarly complex enterprises," said Brad King, CEO of Robbins-Gioia.

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HPE Acquires MapR Assets to Advance Data Platform With AI/ML, Analytics Tools

Hewlett Packard Enterprise (NYSE: HPE) has purchased MapR's business assets for an undisclosed sum in a move to advance HPE-built data management technology with artificial intelligence, machine learning and analytics applications. The deal includes the acquisition of intellectual property, domain expertise and technology in the AI/ML and analytics areas, HPE said Monday.

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Perspecta Completes Acquisition of Knight Point Systems; Mac Curtis Quoted

Perspecta (NYSE: PRSP) has completed its $250M acquisition of Knight Point Systems. The purchase seeks to expand Perspecta's cloud, cyber, digital transformation and enterprise IT offerings intended to help modernize and transform government mission delivery, the company said Thursday. Baird served as the exclusive financial adviser to Knight Point Systems on the transaction.

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