Software Deals Likely, MKM Says; Lists Potential Buyers, Targets
Software may see more deals as conditions are ripe for a new round of consolidation, MKM analyst Israel Hernandez says. Consolidation driven by weak organic growth facing cash-rich, large tech cos., need to address shifts to cloud computing, SaaS, big data, software-defined networking Expects most deals to fall in $1b-$5b market cap range, though cannot rule out larger deals Potential buyers in sector include IBM, Cisco, Oracle, SAP, Hewlett-Packard, Dell, Intel, Microsoft, Juniper Potential targets include Citrix, Red Hat, Informatica, Tibco, Qlik Technologies, Teradata, Check Point Software, F5 Networks, Fortinet Also sees recent security IPOs as potential targets, including Imperva, Palo Alto Networks, Proofpoint, Qualys, FireEye, Barracuda Networks