HP Takes Over Samsung’s Printing Business
Since Hewlett-Packard already has a solid printing division itself, curiosity was well and truly piqued when whispered rumors suggested the computer bigwig intended to acquire the printer business belonging to Samsung. In September, the rumors proved true and HP bought Samsung’s printing division for a whopping $1.05 billion. The reason for the acquisition? According to HP, they plan to bring innovations not to the printing industry but to the copier industry, which hasn’t seen any updates in years. It will certainly be interesting to see what HP does with the seemingly obsolete copier niche.
Oracle Grabs Up NetSuite
This acquisition occurred in November of 2016, and the tendered offer was only accepted after some very public back and forth between key Oracle execs and some of NetSuite’s shareholders. The deal went through to the tidy tune of $9 billion. Oracle’s acquisition of NetSuite means big things for the future of cloud technology all across the board. Oracle itself intends to make a shift toward cloud technology for growth. This is primarily due to the preference users have for cloud-based software versus software they have to install.
Google Buys Apigee for a Better Backend
Although this is a more modest acquisition at around $675 million, Google’s purchase of Apigee, which provides API management, is good for Google and all its users. Google’s Senior Vice President of cloud businesses says that Google plans to use Apigee on the backend so that they can talk to customers and so that they can partner up their web-based apps with their mobile apps. Google’s reasons for choosing Apigee are glowingly complimentary, with SVP Diane Green praising Apigee’s API platform and how well it supports development, testing, publishing, and multiple languages.
Verizon Bails Out Yahoo
Yahoo opened up about its struggles in February 2016, proving that they weren’t too proud to ask for help. Though the company couched their request in careful language, the announcement that it sought strategic alternatives was easily understood to mean that the old school Internet icon was up a certain creek without the benefit of a paddle. Verizon stepped in, offering $4.8 billion in exchange for the core of Yahoo’s Internet operations. No one yet knows what Verizon intends to do with Yahoo so the implications of the acquisition are likewise unknown, but it was an intriguing deal nonetheless.
From advances in cloud technology to the future of the copier, there’s a lot going on in the tech world — and a lot to look forward to in 2017. What acquisitions excite you the most?