July 7, 2023
Channel M&A activity proved to be a little more sparse last month than what we’re used to. However, Channel Futures focused on eight significant deals from companies such as Bitdefender, Broadcom, IBM, Databricks and more that highlighted trends in the market.
For example, organizations focused on artificial intelligence are being acquired quickly. Databricks demonstrated that to be the case with its purchase of MosaicML, a generative AI platform, for $1.3 billion. MosaicML is known for its large language models (LLMs).
In other news, IBM plunked down $4.6 billion for an IT automation software provider. The deal will fuel IBM’s IT automation hybrid cloud management and AIOps software portfolio. The company it acquired has more than 1,500 clients, most of which are Fortune 100 companies.
Finally, the Broadcom-VMware acquisition is rolling out more slowly than a soap opera. The latest episode, however, is promising for Broadcom as the European Commission is reportedly set to provide conditional antitrust approval for it. Find out more in our slideshow above about the Commission’s investigation into the deal.
Looking for more? If you missed our previous edition, it’s here.
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