The market for tech mergers and acquisitions appears to be opening a bit—especially for smaller deals that round out capabilities for larger vendors.
Teradata said it has acquired Stemma, which provides a cloud data catalog platform. Stemma, founded in 2020, is best known for its machine learning that surfaces data and metadata for customers. Teradata said Stemma will broaden Teradata’s analytics engine for artificial intelligence and machine learning. Terms of the deal weren’t disclosed.
Meanwhile, Haveli Investments, a private equity firm, said it will acquire Certinia, which was previously known as FinancialForce. Haveli Investments bought Certinia from Advent International and Technology Crossover Ventures.
These smaller deals land as small- and mid-cap tech companies get scooped up. Maybe IBM's purchase of Apptio for $4.6 billion and Databricks $1.3 billion acquisition of MosaicML are just appetizers.
It’s wait-and-see for big deals, but things are starting to look up.
A US federal court shot down a request by the Federal Trade Commission to block Microsoft's deal to acquire Activision Blizzard. Meanwhile, the EU granted conditional approval to Broadcom's VMware purchase for $61 billion. These deals aren’t completed but headed in the right direction.
The jury is still out on M&A, but the music has stopped for startups looking for funding and those companies could be bargains for the right players.
