Latest tweetsCame across this post by Brett: Why Developers Should Never Agree to an Earnout… which reminds me of my own sad story of an earnout deal which although was much smaller, basically had similar endings. The profit targets were not met because the guys who took over changed the business strategy not too long after taking over. Makes me wonder how many other high profile M&A deals the likes of YouTube, etc had the same problems?
Making data protection more intelligent, policy-driven and easy-to-manage while ensuring information is protected at rest, in use and in motion
SINGAPORE – May 7, 2010 – Symantec Corp. (Nasdaq: SYMC) announced that it has signed definitive agreements to acquire PGP Corporation and GuardianEdge Technologies, Inc., two privately-held leaders in the email and data encryption market, which will extend its ability to help customers secure and manage their most critical information. Under the terms of the agreements, Symantec will acquire PGP Corporation for a purchase price of approximately US$300 million in cash and GuardianEdge for a purchase price of approximately US$70 million in cash. The agreements are subject to customary closing conditions, including regulatory approvals, and are expected to close during the June quarter.
Encryption technology is an important element of an information-centric security solution, as critical information is increasingly on mobile devices and in the cloud. State and national governments are enacting more stringent and costly compliance mandates, such as the HITECH and UK Data Protection Acts, which are driving the need to encrypt sensitive information and protect an individual’s privacy. Also, the increased costs and frequency of data breaches are driving the adoption of encryption as companies strive to mitigate risk and protect their critical information from cybercriminals.
By bringing together PGP and GuardianEdge’s standards-based encryption capabilities for full-disk, removable media, email, file, folder and smartphone, with Symantec’s endpoint security, data loss prevention and gateway security offerings, Symantec will have
Pretty interested to see how the integration with Omniture worked out since I’m a long time user of SiteCatalyst. Following is the press release from Adobe (you can also check out #csbuzz on Twitter):
SINGAPORE — April 13, 2010 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced Adobe® Creative Suite® 5 Master Collection, a breakthrough release of the industry-leading design and development software for virtually every creative workflow. Focusing on interactivity, performance, and maximising the impact of digital content and marketing campaigns, the Creative Suite 5 product line brings exciting full-version upgrades of flagship creative tools while delivering significant workflow enhancements to designers and developers. Integrating online content and digital marketing optimisation capabilities for the first time, Creative Suite® 5 Master Collection includes access to signature Omniture technologies, to capture, store and analyse Read more…
Tags: 5, Adobe, Creative Suite, Master Collection, Omniture, Sitecatalyst
Received this in my inbox a couple of hours back:
19 January 2010
-NOTE—————————————————————–
For Chinese version, please click
http://www.hk.jal.com/cms/contents/local/jal_news_4408.html
—————————————————————–NOTE-
To all our valued customers,
This is to confirm that Japan Airlines is now Read more…
Tags: Enterprise Turnaround Initiative Corporation of Japan, JAL, Japan Airlines
Some of you might have read about a new investment which I just made which I couldn’t announce earlier.
I’ve finally completed the investment this month and it’s now official: I’m privileged to be able to advise and invest in the company which owns and operates Singapore’s most well-read entrepreneurship and startup site: SGEntrepreneurs.com (SGE).
SGE seeks to provide the most comprehensive coverage on Singapore’s startup and entrepreneurship scene and some of the startups featured in SGE have gone on to feature in renowned international sites like Mashable, TechCrunch, KillerStartups, folksonomy, Malaysia Entrepreneurs, etc.
You can read SGE’s announcement about this investment in their latest ’state of the site’ report as well as check out the updated team bio.
This geek is definitely looking forward to an exciting journey ahead working with the good folks at SGE and if you are a startup, an entrepreneur, or toying with the idea of starting out, do feel free to ping us and pop by often!
Tags: investment, SGE, SGEntrepreneurs
Totally unimaginable 2-3 years back, but the writing’s been on the wall for a while now.
ZDnet seems to think that it makes sense.
If it does happen, would be really interesting to see it’s impact to HP. It’d probably give mySQL a lot more mileage and acceptance, unlikely to do much for DB2 even if IBM kills mySQL.
Tags: acquisition, DB2, IBM, IBM buy Sun, mySQL, Sun
I read a Gartner report just 1-2 years back that Nortel was the market leader in Unified Communications (UC). That perception seemed to hold even as I talked to people in this industry over the past 1-2 years, although the CISCO/Microsoft UC solution set was always a very strong contender for market leadership.
For a while, I thought maybe Nortel was a company that could have a strong future in UC. Alas, Avaya took over the leadership recently and that seems to have sounded the death knell for Nortel as they file for Chapter 11. Another victim of the economic crisis? Or just the overdue death of a weak company?
Tags: avaya, chapter 11, CISCO, gartner, microsoft, nortel, uc, unified communications
Just put up an exclusive interview with the founder of Match.com and Interwoven. Read it at my CNET Asia blog here.
Tags: Interwoven, Match.com, Ong Peng Tsin, Silicon Valley
Big news I guess, hard to ignore - Jerry Yang, Co-founder of Yahoo! leaves as CEO!
Well, the way I see it (and I could be wrong), he’s just taking the fall for a failed M&A which shouldn’t be entirely his fault. But too bad they need a fall guy and he’s the one.
Isn’t it so typical of companies? A co-founder/director does a great job all the way from the start and is made to look like a complete villian because of some silly corporate decisions which he/she has to take the blame and leaves in shame? Seen it before, a bit too often.
So they wanna try merge with Microsoft again? Well, they now have an excuse. But If I’m Microsoft, I wouldn’t take the risk at this economic downturn and even if I wanted to, probably can’t find a bank that’ll lend me that much money. So if a deal is reached, my guess is that it’d be at a much lower valuation which might cause Yahoo!’s shares to drop further. Lose lose.
Shares can soar now, but my take is that it’d come tumbling down like a roller coaster in due time. What a waste for such a great company. Personally I think that the slimmest hope for the company now is to keep Jerry on the board of directors and hope that he’ll still contribute to the company’s growth and direction. Then again, that’s about as likely as asking Bill Gates to join back Microsoft, so… good luck Yahoo!
(Signing off from Seoul)
Li Ka Shing, the Hong Kong Tycoon who invested into facebook just announced the ‘Facebook phone‘ through one of his mobile network operator investments. Interesting… I guess this has been cooking since he invested into Facebook? But what would a facebook phone do? Sure sounds gimmicky to me. You decide.
(in Seoul, this post is pre-published)
Tags: facebook, li ka shing, phone
