East Coast Tech Correspondent
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Jan 8, 2014

Bain Capital Ventures, Spectrum Equity invest in MedHOK

Jan 8 (Reuters) – Bain Capital Ventures and Spectrum Equity
have taken minority stakes in healthcare software provider
MedHOK for $77.5 million.

The two firms, which have a track record of investing in
healthcare companies, are betting on growing demand for cloud
computing services as the healthcare industry shifts to a model
that links reimbursement to performance rather than the number
of transactions.

Jan 8, 2014

Bain Capital Ventures, Spectrum Equity to invest in MedHOK: sources

By Nicola Leske

(Reuters) – Bain Capital Ventures and Spectrum Equity are expected to take minority stakes in healthcare software provider MedHOK for $77.5 million, according to people familiar with the matter.

The two firms, which have a track record of investing in healthcare companies, are betting on growing demand for cloud computing services as the healthcare industry shifts to a model that links reimbursement to performance rather than the number of transactions, the people said.

Dec 18, 2013

Exclusive: Dish eyes 2014 bid for T-Mobile – sources

By Liana B. Baker and Soyoung Kim and Nicola Leske

(Reuters) – Dish (DISH.O: Quote, Profile, Research, Stock Buzz) is considering making a bid for T-Mobile (TMUS.N: Quote, Profile, Research, Stock Buzz) next year, according to people close to the matter, in what would be the satellite TV provider’s second attempt in as many years at acquiring a major wireless operator and potentially setting the stage for a new bidding war with Softbank (9984.T: Quote, Profile, Research, Stock Buzz).

Dish Network Corp, which lost out to Japanese telecoms giant Softbank in its attempt to buy Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz) several months ago, has since been sizing up T-Mobile US Inc as a takeover candidate and has talked to majority owner Deutsche Telekom AG (DTEGn.DE: Quote, Profile, Research, Stock Buzz) about a potential deal, the three sources said.

Dec 18, 2013

Dish eyes 2014 bid for T-Mobile -sources

Dec 18 (Reuters) – Dish is considering making a bid
for T-Mobile next year, according to people close to
the matter, in what would be the satellite TV provider’s second
attempt in as many years at acquiring a major wireless operator
and potentially setting the stage for a new bidding war with
Softbank.

Dish Network Corp, which lost out to Japanese telecoms giant
Softbank in its attempt to buy Sprint Corp several months
ago, has since been sizing up T-Mobile US Inc as a takeover
candidate and has talked to majority owner Deutsche Telekom AG
about a potential deal, the three sources said.

Dec 12, 2013

Cisco resurgence in China to require time, patience: CEO Chambers

NEW YORK (Reuters) – Cisco Systems Chief Executive John Chambers said on Thursday that the network equipment company is preparing for a long battle to improve its business in China, one that will not be won “in a quarter or two.”

The company’s revenue in China fell by 18 percent in the quarter ended in October, a major contributor to a 21 percent decline in the company’s top five emerging markets.

Dec 12, 2013

Cisco cuts long-term revenue, earnings target

NEW YORK (Reuters) – Cisco Systems Inc on Thursday cut its longer-term earnings and revenue growth targets due to problems in emerging markets, conservative customer spending and stalling growth in its core business of network equipment, the latest in a drumbeat of bleak developments at the Silicon Valley company.

Its shares were down 2 percent – a seven-month low – after it cut its three- to five-year revenue growth target to a range of 3 to 6 percent at its analysts’ meeting. Its previous range was 5 to 7 percent.

Dec 5, 2013

Thoma Bravo eyes sale of software vendors Hyland and LANDesk: sources

NEW YORK (Reuters) – Private equity firm Thoma Bravo LLC is exploring a sale of two of its portfolio companies, Hyland Software Inc and LANDesk Software Inc, which could collectively be worth more than $2 billion, according to people familiar with the matter.

Thoma Bravo is working with Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) to explore a sale of Hyland, which could be worth more than $1.2 billion based on annual earnings, before interest, tax, depreciation and amortization (EBITDA) of around $80 million, the people said.

Nov 25, 2013

Serena Software auction continues as Attachmate exits: sources

NEW YORK (Reuters) – Private equity firm Silver Lake is proceeding with an auction for its information technology management company Serena Software Inc after talks aimed at selling Serena to its technology peer Attachmate Corp ended, according to people familiar with the matter.

Silver Lake is now in talks with a small number of specialist buyout firms, including Veritas Capital Fund Management LLC and Platinum Equity LLC, about selling its majority stake in Serena, the people said.

Nov 13, 2013

Riverbed not working on potential sale – sources

By Nicola Leske

(Reuters) – Network equipment maker Riverbed Technology Inc (RVBD.O: Quote, Profile, Research, Stock Buzz) is currently not weighing a sale, two people with knowledge of the matter said, denying a media report that pushed up the technology company’s stock earlier on Wednesday.

Bloomberg reported that Riverbed was working with Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) to consider options including a sale of the company and that it had already attracted informal interest from private equity firms for a leveraged buyout. (link.reuters.com/zas64v).

Nov 12, 2013

Exclusive: Cisco rival Arista Networks picks banks for IPO – sources

NEW YORK (Reuters) – Arista Networks, a maker of network switches that competes with much bigger rival Cisco Systems Inc, has selected banks to lead a proposed initial public offering for next year, according to people familiar with the matter.

Morgan Stanley, Citigroup Inc and Credit Suisse Group will lead the offering that is at an early stage of planning, the people said on Tuesday, asking not to be named because the matter is not public.