The Schwartz Report

Blog archive

Equity Firms To Acquire BeyondTrust and Compuware, Concur Reportedly In Play

Two key suppliers of enterprise tools yesterday said they're being acquired and another well-known software-as-a-service provider is reportedly in play. BeyondTrust and Compuware have agreed to be acquired by private equity firms while shares of SaaS provider Concur have traded higher following rumors that several software vendors have approached it, including Microsoft, Oracle and SAP, after hiring an investment bank to gauge interest.

Veritas Capital said it will acquire cybersecurity software vendor BeyondTrust, provider of software used to manage user access and privileges and risk management assessment tools. BeyondTrust's PowerBroker software is especially popular among those looking to manage access rights in Microsoft's Active Directory.

BeyondTrust said it has 4,000 customers in a variety of industry sectors including government, technology, aerospace and defense, media/entertainment, telecommunications, healthcare/pharmaceutical, education and financial services. In addition to managing user access, BeyondTrust offers tools designed to defend against cyber attacks. Terms of the deal weren't disclosed.

Application performance management software supplier Compuware yesterday said it has agreed to be acquired by private equity firm Thoma Bravo for $2.5 billion. The deal puts a 12 percent premium on the company's shares based on its closing price at the end of the trading day Sept. 2 and 17 percent over Friday's close.

Compuware is a leading provider of APM software used to monitor the performance of mobile, enterprise and mobile application infrastructure as well as a line of network testing and management tools. The company also offers a line of mainframe management tools.

Concur, whose popular SaaS software is used to manage business travel and entertainment expenses, had a stock price increase of 6.3 percent yesterday, giving it a market cap of $6.1 billion. According to a Bloomberg report, Oracle has decided to pass on it, while Microsoft and SAP are companies of interest, though none of the companies noted commented on the possible acquisition.

Posted by Jeffrey Schwartz on 09/03/2014 at 12:54 PM


Featured

  • Insights for MyAnalytics Getting Switched On for Office 365 Users This Month

    Microsoft is planning to activate "Insights for MyAnalytics" sometime late this month for most Office 365 users, but the ability of organizations to manage this feature won't be available until possibly mid-May.

  • SharePoint Framework 1.8 Now Generally Available

    Microsoft this week announced that SharePoint Framework 1.8 had reached "general availability" status, although some features are still at the preview stage.

  • How To Create Office 365 User Accounts in Bulk

    Manual account creation can be tedious, time-consuming and prone to human error, especially if you have more than a handful of Office 365 users to set up. Brien shows you a better way.

  • System Center 2019 Reaches General Availability

    System Center 2019 has now reached the "general availability" product stage, Microsoft indicated in a Thursday update.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.