BUSINESS TECHNOLOGY MEDIA COMPANY
Companies
Sectors
Business

Admiring Apple

The company tops Fortune magazine’s 2020 Most Admired Companies list.
Read time 4min 20sec

Several small acquisitions or deals in the pipeline were the highlights of a quiet international ICT market last week.

At home, it was also quiet.

Key local news

  • A positive trading update from Blue Label Telecoms.
  • Atio, an ICT service provider, will apply for liquidation and is under business rescue.
  • Five Elms Capital, a US-based software investor, is investing $30 million in Skynamo, a South African field sales app and management platform provider.
  • A renewed JSE cautionary by Metrofile.

Key African news

  • Paga, a Nigerian digital payments start-up, acquired Apposit, a software development company based in Ethiopia.
  • The appointment of Alex Okosi as YouTube’s MD for EMEA.

Key international news

  • CGI acquired Meti Logiciels et Services, a France-based company offering integrated business solutions and consulting services for the retail sector.
  • Cority Software, a Thoma Bravo company, bought Enviance, a leader in environmental, chemical management, sustainability and ergonomics software.
  • FireEye purchased Cloudvisory, which will add cloud workload security capabilities to FireEye Helix, offering customers one integrated security operations platform for cloud and container security.
  • Gryphon Investors acquired Ncontracts, a provider of risk management software and services for the financial services sector.
  • Arista Networks has scooped up software-defined networking specialist Big Switch Networks.
  • Hitachi Vantara has agreed to buy Waterline Data, a start-up developer of intelligent data cataloguing technology.
  • Italy's competition watchdog has launched proceedings against Facebook for non-compliance with a previous request it had made regarding improper commercial practices in the group's treatment of user data.
  • Paycom Software has joined the S&P 500 index.
  • ServiceNow has agreed to acquire Loom Systems, an Israel-based start-up that uses artificial intelligence to predict and prevent IT problems.
  • Sohu.com takes Changyou.com private in a deal that values the company at about $579 million.
  • Sweden's Stillfront has agreed to pay $300 million for Storm8, adding another developer of mobile games to its existing portfolio of a dozen studios.

Look out for government selling its shares in Telkom SA to fund SAA.

  • TalkTalk has agreed to sell its fibre network to Goldman Sachs-backed CityFibre for £200 million.
  • Tencent Holdings has launched a $148 million bid for computer games maker Funcom.
  • Veritas Capital has agreed to buy Campus Management, a cloud-based student information system provider, and Edcentric, a SaaS platform for student and alumni engagement. Earlier this month, the firm acquired Cambium Assessment, which provides technology-driven student testing tools.
  • Vista Equity Partners has agreed to sell Regulatory DataCorp, a provider of governance, risk and compliance software, to Moody's for $700 million.
  • VMware plans to buy Nyansa, an artificial intelligence-based networking start-up backed by Intel Capital.
  • TPG Sixth Street has led a $260 million investment in PartnersAvidXchange, a company that offers an automation platform to process invoices and payments.
  • Summit Partners invested in eClinical Solutions, a provider of cloud-based enterprise software and data services for the life sciences industry.
  • Insight Partners has led a $70 million investment in Sysdig, a provider of security and monitoring services for container-based applications.
  • Viavi Solutions has reached a patent infringement settlement with LG Electronics and LG Innotek relating to the alleged unlawful use of its optical filters.
  • Xilinx has filed claims against Analog Devices, asserting infringement of eight US patents.
  • Very good quarterly figures from ASML and Netflix.
  • Good quarterly numbers from Plexus, Soitec SA and Teledyne Technologies.
  • Satisfactory quarterly results from Citrix Systems, Comcast, Ericsson (back in the black), IBM, Intel, Logitech International and PTC.
  • Mediocre quarterly results from Amphenol, AVX, Chunghwa Telecom, Skyworks Solutions, Texas Instruments and Zensar Technologies.
  • Mixed quarterly figures from Atlassian, Rogers Communications and STMicroelectronics, with revenue up but net income down.
  • Very poor quarterly figures from Avnet.
  • Quarterly losses from Tejas Networks.
  • The appointments of Jeffrey Cote as CEO of Sensata Technologies; Dan Hendrix as CEO of Interface (already chairman); and Omar Ishrak as chairman of Intel.
  • The retirement of Martha Sullivan, CEO of Sensata Technologies.
  • The departures of Andy Bryant, chairman of Intel; and Jay Gould, CEO of Interface.
  • Jamf, a provider of enterprise software that helps manage Apple products, has confidentially filed for an IPO that could value the business at roughly $3 billion.

Research results and predictions

Worldwide:

  • Worldwide shipments of devices will total 2.16 billion units in 2020, an increase of 0.9% from 2019, according to Gartner. In 2019, global shipments of devices totalled 2.15 billion units.

Stock market changes

  • JSE All share index: Down 2.3%
  • FTSE100: Down 1.2%
  • DAX: Up 0.4% (highest weekend close)
  • NYSE (Dow): Down 1.2%
  • S&P 500: Down 1%
  • Nasdaq: Down 0.8%
  • Nikkei225: Down 0.9%
  • Hang Seng: Down 3.8%
  • Shanghai: Down 3.2%

Look out for

South Africa:

  • Government selling its shares in Telkom SA to fund SAA.

Final word

Fortune magazine has published its 2020 Most Admired Companies list. Included in the top 100 are:

  • 1: Apple
  • 2: Amazon
  • 3: Microsoft
  • 7: Alphabet
  • 10: Salesforce.com
  • 16: Netflix
  • 34: Accenture
  • 35: IBM
  • 36: Visa
  • 42: Mastercard
  • 47: Adobe
  • 54: Activision Blizzard
  • 55: AMD
  • 62: America Movil
  • 64: American Tower
  • 70: Applied Materials
  • 74: Arrow Electronics
  • 75: Asustek Computer
  • 76: AT&T
  • 77: Autodesk
  • 78: ADP
  • 87: Booz Allen Hamilton
  • 94: CACI International
  • 95: Canon
  • 100: Cerner
Login with