4 acquisitions that will shape the tech industry

1. Spot is a computer software assisting companies in compute management and cost optimization on public cloud which was acquired last year by NetApp who are industry leaders in cloud data services. The acquisition supports enterprises of all sizes, specifically within the Kingdom to rely on Cloud capabilities rather than their existing legacy Infrastructure and therefore optimising costs. The agreement gives NetApp a platform to compete with other service providers in the industry and gives businesses alternative options for their cloud needs.

2. In Saudi Arabia, AppsPro, a leading digital transformation company has been acquired by Accenture to boost their Oracle Cloud services for their customers in the region. Specifically within the Kingdom of Saudi Arabia, CITC have implemented a framework with guidelines that all CSPs have to comply with and due to the nature of the agreement AppsPro and Accenture, it will give customers in the Kingdom a hybrid cloud model that they can utilise. This also allows Accenture to compete with the ever growing demand of the Private/Hybrid cloud model provided by SDAIA “DEEM” Cloud, Bluvalt and vmware.

3. Kalaam Telecom has announced the acquisition of Zajil, one of Kuwait’s longest-established ISP and ICT services companies, with the aim of creating a combined entity with revenue of US$100m, with data centres in five countries, network Point of Presence in 25 countries, and a subsea and land cable network that connects three continents. Kalaam will be among the top three ISPs in the GCC and will be the only operator with an ISP licence for Bahrain, Kuwait and Saudi Arabia. The combined group will be able to offer secure and fast access to its customers, for reaching their applications, data, workloads and other services on the Cloud.

4. Proofpoint being acquired by Thomas Bravo for $10.1 billion in April is the most talked about acquisition this year due to network security concerns enhanced by the pandemic. There has been an increase in interest from Private equity firms looking to invest in Cybersecurity providers since these companies are turning to the cloud to run their operations and manage frequent cyberattacks. We foresee this being a continuous trend as VCs in the region look to support these service providers in their aim to innovate their offerings on the cloud.

These are 4 acquisitions that we believe will shape the industry going forward however we would also be interested to hear your thoughts on those listed. Please leave your comments on our LinkedIn post on what you think are the top acquisitions recently made in the Tech sector.