Tech industry aflutter as Elon Musk bags Twitter

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The SA-born Elon Musk, who is the richest man in the world and CEO of Tesla, struck a deal to buy Twitter for $44 billion.

The global technology industry was dominated last month by Elon Musk’s $44 billion deal to buy Twitter, and multiple deals by Accenture.ADP has bought Sage South Africa’s payroll outsourcing business.iSON Xperiences has taken a majority control of CSS South Africa.

Help/Systems purchased Terranova Security, a leader in global phishing simulation and security awareness training.Main Capital Partners bought Netherlands-based BCS, a human resource management and payroll software provider, and Pro4all, a construction software specialist.Motorola Solutions acquired Calipsa, a London-based video-AI start-up.ON24 purchased VIBBIO, a cloud video software company that enables businesses to create and edit professional videos with no experience needed.

Sonos acquired Mayht Holding, a Netherlands-based company that has invented a revolutionary approach to audio transducers. Wipro acquired Convergence Acceleration Solutions, a consulting and programme management company that specialises in driving large-scale business and technology transformation for Fortune 100 communications service providers; and concluded an agreement to acquire Rizing Intermediate Holdings, a global SAP consulting firm .Alphabet-owned robotics subsidiary Intrinsic is acquiring the business of Vicarious, a robotics company and a robots as a service leader.

Cyient will buy Singapore-based Grit Consulting, which has consulting expertise in asset-intensive industries. Entravision has entered into a definitive agreement to acquire a strategic stake in Jack of Digital, a digital marketing services company that serves as the exclusive advertising sales partner of TikTok in Pakistan.EY intends to buy Client Servers, a domestic enterprise technology firm.

PTC has signed a definitive agreement to purchase Intland Software, which develops and markets the Codebeamer Application Lifecycle Management family of software products . Synopsys has signed a definitive agreement to acquire WhiteHat Security, a provider of application security software as a service .

Vector Capital has agreed to acquire an ownership stake in WatchGuard Technologies, a provider of network security and intelligence, endpoint protection, multi-factor authentication and secure WiFi. The investment by Insight Partners and Partners Group in Precisely, a provider of data integration, location intelligence, data governance and other related services to over 12 000 enterprise customers in more than 100 countries.

The investment by i-Sight in Resurgens Technology Partners, a provider of case management software for HR, compliance and corporate security teams. The $100 million investment led by General Atlantic in ThreatLocker, a cyber security software superstar.

 

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