Francisco Partners acquired another firm doing business in the channel. The deal is worth $1.7 billion.

Claudia Adrien

March 11, 2023

13 Slides

Our latest channel M&A includes HPE, Pax8, Sumo Logic, Trend Micro and more. Some of the deals in February lacked big dollar signs, but there were some interesting acquisitions to bolster cloud and 5G businesses.

For example, Hewlett Packard Enterprise (HPE) is buying private cellular network technology provider Athonet. The goal is to strengthen HPE’s private 5G network play. It will also integrate Athonet into its Aruba networking portfolio.

Security also made multiple appearances in February’s roundup. There’s a rumor that AT&T wants to sell its cybersecurity unit, which it acquired for $600 million. Also, Zscaler is buying an Israel-based SaaS application security platform provider. Its goal is to prevent organizations from growing risks of SaaS supply chain attacks.

Then there was global investment firm Francisco Partners acquiring Sumo Logic and taking it private. The deal is worth $1.7 billion. Find out more in our story about the downsides of going public versus private.

Finally, what was perhaps the most talked-about deal: AppDirect buying TBI. This consolidation in the legacy tech advisor space was major watercooler talk when we learned of the final days at the tech services distributor.

See our roundup of wheelings and dealings by HPE, Trend Micro and more in the slideshow above. Then, catch the previous edition here.

Want to contact the author directly about this story? Have ideas for a follow-up article? Email Claudia Adrien or connect with her on LinkedIn.

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About the Author(s)

Claudia Adrien

Claudia Adrien is a reporter for Channel Futures where she covers breaking news. Prior to Informa, she wrote about biosecurity and infectious disease for a national publication. She holds a degree in journalism from the University of Florida and resides in Tampa.

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