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Searchlight Solutions Ltd. Introduces New Website www.searchlightscientific.com
Searchlight Sol Ltd (SLLN)
0.0021 +0.0004 (+23.53%)
Stock Price Quote as of Wednesday, Jun 22nd, 2011 (PINKSHEETS)
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Volume 29,295,325 Avg Volume 12,144,814
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Weighted Alpha 0.00 Standard Dev +0.88
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Clients: Linux labs
ARUP
American Museum of Natural History
Bally Technologies
Chicago Technical Institute
Dahlgren Naval Sureface Warfare Center
Los Alamos National Lab
NASA
NetMix Broadcasting Network
Rensselaer Polytechnic Institute
Rudolph Technologies
Second Avenue Subway Project of New York
Universities throughout the US, including University of Richmond, University of Southern California,Rice University,University of New Mexico, Emory University and many others.
Yes , look at client list
Gartner Research has recently published a report showing the growing presence and dependance of major businesses on Could Computing.
According to a report from analyst firm Forrester called Sizing the Cloud, the global market for cloud computing will grow from $40.7 billion in 2011 to more than $241 billion in 2020.
Clients: Linux labs
Excellence in Supercomputing
Linux Labs Clusters and Services are purchased by corporations, universities, and government organizations around the world. Below is a list of just a few of our clients that we have provided our services for over the years.
ARUP
American Museum of Natural History
Bally Technologies
Chicago Technical Institute
Dahlgren Naval Sureface Warfare Center
Los Alamos National Lab
NASA
NetMix Broadcasting Network
Rensselaer Polytechnic Institute
Rudolph Technologies
Second Avenue Subway Project of New York
Universities throughout the US, including University of Richmond, University of Southern California,Rice University,University of New Mexico, Emory University and many others.
Great news!!!!!
About to break the HOD
Up +50% on strong vol... Looks great
That wasn't a sale
Yes it does!!!!!!
SLLN - Trade Alert
Up 24% in morning trading to $.0031 with 30m shares traded
Nice volume ... +20%
More great news
SLLN = $$$$$$$
Apple fuels cloud computing hype all over again
Carl Brooks, Senior Technology Writer
Apple iCloud is not cloud computing. Thanks for nothing, Jobs.
Most people aren't disillusioned, scared or confused about cloud.
You know what iCloud is? Streaming media. In other words, it's a Web service. Not relevant to cloud; not even in the ballpark.
And you, IT person, grumpily reading this over your grumpy coffee and your grumpy keyboard, you have Apple to thank for turning the gas back on under the hype balloon. Now, when you talk about cloud to your CIO, CXO, manager or whomever, and their strange little face slowly lights up while they say, "Cloud? You mean like that Apple thing? My daughter has that…" and you have to explain it all over again, you will hate the words "cloud computing" even more.
Meanwhile, other big IT providers are feeling their way into true cloud infrastructure services. Fujitsu has opened the doors on its U.S. cloud service, and HP is slated to -- shocker -- make a cloud announcement at HP Discover next week that will likely fill in the gaps between HP's converged infrastructure line and the fact that enterprises want cloud computing services, which HP hasn't got, period.
As for IBM, it recently brushed up the SmartCloud service and re-launched it, Kitchen Nightmares-style, with a slightly more coherent look. It's up to 850 concurrent cloud users, too, which many of you will point and laugh at, but SmartCloud turned over $30 million in revenue last year essentially while still in beta, so laugh that off. IBM's customers are big.
Fujitsu's cloud service is also clearly a first dip in the water; the login asked for the preferred spelling of my name in furigana and, instead of billing me and letting me launch servers, asked about an application for credit with Fujitsu. It then let me build an elaborate simulated networking and server architecture for fun. No, really, it was a little strange for those who've used Infrastructure as a Service before.
AT&T recently let it be known they're spending $1 billion dollars on cloud, which is absolute horse apples because they're lumping mobile, network investment, IT services and some healthcare IT thing in with "cloud-based and emerging services." Besides, they've already got a cloud with Synaptic, but I think I might be the only one who's signed up and tried it out.
Thanks for nothing, Jobs.
Clearly, all of these big vendors and telcos are onboard; they're all fumbling into cloud computing, finally. It's been a strange year so far for the cloud market. An overinflated hype balloon burst sometime near the end of last year, showering technologists with rotting marketing juices, and a new wave of cloud startups are beginning to either bow out or get acquired. Warning: Bring up the Gartner Hype Cycle and you will be deservedly beaten with a Gantt chart.
We're still very early for cloud computing and enterprise IT. This is a multifaceted shift that is going to take the equivalent of an IT generation (five-to-10 years) to get sorted out. It's hardly fair to even describe it as a technological shift, as it goes even deeper than that.
Yet most people aren't disillusioned, scared or confused about cloud; they're pretty realistic, all things considered. They are tuning out Apple, trying out real cloud, building a service of their own or chugging ahead as usual, making plans for when cloud is actually the dominant model.
UPDATE: Apple iCloud has officially been launched and we regret to inform of an error in this column. The iCloud service has more capabilities than previously thought: It will stream music but also be the mandatory personal data repository for photos, calendar items, some types of document files, movies, and of course, all the machine data generated from using your personal applications, whether you like it or not.
So it's actually more like Gmail and Google Apps, but less polite, less useful, more of a pain in the rear for IT staff supporting iPads and you're going to have to pony up at least $2,500 for the privilege to Apple and your wireless carrier (two-year contract minimum + device). Truly, Steve Jobs is a business genius.
Carl Brooks is the Senior Technology Writer for SearchCloudComputing.com. Contact him at cbrooks@techtarget.com.
Related Topics: Public cloud computing services, VIEW ALL TAGS
Dig Deeper
Microsoft's Azure is not an Infrastructure as a Service; it's more like Windows Server in the cloud.
Three questions to ask when considering Microsoft Azure
Tom Nolle
Cloud computing is, for some, a means of escaping from the clutches of traditional computer and software vendors. Most enterprises realize that the value of cloud will depend on how well services integrate with their own IT commitments and investments.
Because Microsoft is so much a part of internal IT, Microsoft's cloud approach is especially important to users. Many will find it compelling; others may decide it's impossible to adopt. Which camp are you in?
The Cloud still a buzz on CNBC
Searchlight Solutions (PINKSHEETS: SLLN) management is confident and optimistic about the future of the cloud computing industry and believes there is a tremendous opportunity ahead for its Searchlight Scientific HPC cloud computing business. Specifically, the Company provides the following industry news as sources for its optimism:
Company management believes that the cloud computing industry took a major step forward with the recent announcement by Apple of its cloud service. See the following article by PC Mag: "Apple iCloud Solidifies the Cloud": http://www.pcmag.com/article2/0,2817,2386494,00.asp
Per recent findings of the technology research firm Gartner Inc., the global cloud service market is expected to grow substantially with revenue expected to reach $148.8 billion by 2014.
"Healthcare among top adopters of cloud computing": http://www.healthcareitnews.com/news/poll-healthcare-among-top-adopters-cloud-computing
Searchlight Solutions Provides Shareholder Update; Management Optimistic on Future of Cloud Computing Industry
$SLLN : SLLN - Think about it: every song ever, in the palm of your hands. Mac - Cloud technology is amazing, I agree
Cloud Computing is key to the future of IT
Cloud Computing has taken off in the last few years and has seen major tech industry players taking positions.
For those who don't know what "Cloud Computing" is, you're not alone — it's essentially a move to a web-based application and storage environment, where all the programs you use and the data you store are actually on a server somewhere in the "cloud."
Cloud computing varies but is basically a service that allows users to access data via virtual servers (the cloud) from anywhere with an Internet connection, instead of onsite servers. With varying degrees of applications you may be familiar with Amazon's EC2 network, Salesforce, or Google Mail and Google Docs. Cloud Computing is key to the future of IT
You'll also hear references to "software as a service," which is a variation of this probably best exemplified by Salesforce.com — software that you never download or tear out of a shrink-wrapped package, it just sits online, waiting for you to use it.
Gartner Research has recently published a report showing the growing presence and dependance of major businesses on Could Computing.
According to a report from analyst firm Forrester called Sizing the Cloud, the global market for cloud computing will grow from $40.7 billion in 2011 to more than $241 billion in 2020.
Gartner Executive Programs worldwide survey of over 2,000 CIOs identifies Cloud Computing as the top technology priority for 2011. Gartner is also saying that Cloud Computing will be as influential as e-Business.
Today we are introducing to our members a pick that operates within this booming industry.
SLLN. Searchlight Solutions
SLLN Searchlight Solutions, Ltd appears to be like the other sub penny alerts we have seen skyrocket into the 10 bagger range that we all dream about.
SLLN is involved in cloud computing, the same technology that Apple, Google, Microsoft and other huge companies work with.
SLLN recently struck a major deal and advanced its business plans by acquiring Linux Labs International Inc. a hybrid engineering firm specializing in technologies that expand the field of high performance supercomputing.
Read the Full Press Release Here :
http://finance.yahoo.com/news/Searchlight-Solutions-iw-3640254523.html?x=0&.v=1
Linux Labs designs and builds high-performance supercomputers utilizing their proprietary NimbusOS™. www.linuxlabs.com
"Linux Labs has a PROVEN product and growth model built on innovative technology for the scientific, educational, and military community with over 100 installations operating worldwide.
Linux Labs has provided key "Top 500 Supercomputers" to the military market and research community."
Read the Full Press Release Here :
http://finance.yahoo.com/news/Searchlight-Solutions-iw-2397338898.html?x=0&.v=1
The This acquisition allows the Company to build a service offering in the HPC Cloud computing marketplace. Gartner Executive Programs worldwide survey of over 2,000 CIOs identifies Cloud Computing as the top technology priority for 2011.
Please visit the company`s website at :
http://searchlightscientific.com/
Searchlight Solutions Ltd. is a technology venture holding company that provides business development and high level management services for early stage technology companies who are pursuing the benefits of the public marketplace.
Read more at Suite101: Cloud Computing: Future Trends | Suite101.com
http://www.suite101.com/content/cloud-computing-future-trends-a340827#ixzz1K
SLLN just released an update on their acquistion of Linux Labs.
"ATLANTA, GA--(Marketwire - 05/19/11) - Searchlight Solutions LTD's (Pinksheets:SLLN - News) newly acquired subsidiary has recently completed development for several of their clients with customized installations for evacuation and fire simulation software on their proprietary NimbusOS HPC clusters. These highly complex programs are used to simulate the movement of people in evacuation situations. The evacuation simulations can be fully coupled with the fire simulations. Long time client ARUP has been supported by Linux Labs for their evacuation and fire simulation planning services."
Read the Full Press Release here : http://finance.yahoo.com/news/Searchlight-Solutions-iw-238506716.html?x=0&.v=1
Please put SLLN on high watch this morning.
It could very well gain a ton of Momentum as these sub penny plays are capable of doing just that.
Important information for MobileMe members.
Dear MobileMe member,
We'd like to share some exciting news with you about iCloud — Apple’s upcoming cloud service, which stores your content and wirelessly pushes it to your devices. iCloud integrates seamlessly with your apps, so everything happens automatically. Available this fall, iCloud is free for iOS 5 and OS X Lion users.
What does this mean for you as a MobileMe member?
When you sign up for iCloud, you'll be able to keep your MobileMe email address and move your mail, contacts, calendars, and bookmarks to the new service.
Your MobileMe subscription will be automatically extended through June 30, 2012, at no additional charge. After that date, MobileMe will no longer be available.
When iCloud becomes available this fall, we will provide more details and instructions on how to make the move. In the meantime, we encourage you to learn more about iCloud.
Sincerely,
The MobileMe Team
MobileMe is a service provided by Apple • Terms of Service • Privacy Policy
Copyright © 2011 Apple Inc. • 1 Infinite Loop, Cupertino, CA 95014
You are receiving this email from Apple to notify you of service information regarding your MobileMe account.
SLLN - VOLUME ALERT - WATCH THIS ONE MONDAY! - Sent to Over 2 Million Investors
News out!!!
$148 Billion Cloud Computing Marketplace
Searchlight Scientific Announces Plans to Capture Share in $148 Billion Cloud Computing Marketplace
SOCIAL NETWORK WATCH
Microsoft Buys Skype For $8.5 Billion
TECH CRUNCH - May 10 - Microsoft is buying Skype for $8.5 billion in cash in its first sizeable acquisition since August 2008, when they spent $486M on Greenfield Online. The purchase price includes the assumption of Skype’s debt. Skype will become a new business division within Microsoft, and its current CEO Tony Bates will assume the title of president of the Microsoft Skype Division. Skype’s 2010 revenue was $860M, adjusted EBITDA was $264M, and the company actually lost $7M last year.
by Robin Wauters
See full article at Tech Crunch
See all posts on Skype
May 10, 2011 | Permalink | Comments (0) ShareThis
Twitter To Buy TweetDeck For $40 - $50 Million
TECH CRUNCH - May 3 - Twitter has acquired TweetDeck. The $40-$50M purchase price includes both cash and Twitter stock.
by Michael Arrington
See full article at Tech Crunch
See all posts on Twitter
May 03, 2011 | Permalink | Comments (0) ShareThis
YouTube Founders Buy Delicious Off Yahoo
CNET NEWS - Apr 28 - Social-bookmarking service Delicious has been purchased by AVOS, the company started by YouTube co-founders Chad Hurley and Steve Chen. Yahoo said that it will continue to run the Delicious service until July. User information will then be handed over to AVOS. The new owners say they'll continue to run the site as it is.
by Josh Lowensohn
See full article at CNET
See all posts on Delicious
Apr 28, 2011 | Permalink | Comments (0) ShareThis
RIM Acquires Social Calendaring Application Tungle.Me
TECH CRUNCH - Apr 27 - RIM has picked up another company - social calendaring application Tungle.Me. Tungle.me offers users a free web-based app that lets you share calendars across companies and platforms, schedule meetings with individuals or groups inside or outside their company and propose multiple meeting times in invitations. The service currently syncs with a number of calendar applications, including Outlook, Google Calendar, and Apple iCal. Terms of the acquisition were not disclosed.
by Leena Rao
See full article at Tech Crunch
Apr 27, 2011 | Permalink | Comments (0) ShareThis
Zynga Acqhires UK Mobile Gaming Studio Wonderland Software
TECH CRUNCH - Apr 27 - Zynga is announcing the acquisition of UK-based Wonderland Software, the social gaming studio behind the hit iOS game GodFinger. Zynga is acquiring the team and select IP from Wonderland but not GodFinger the game. Terms of the acquisition were not disclosed.
by Leena Rao
See full article at Tech Crunch
See all posts on Zynga
Apr 27, 2011 | Permalink | Comments (0) ShareThis
Sohu.com Buys Majority Stake In 7Road For Up To $100 Million
TECH CRUNCH - Apr 25 - Sohu.com, one of China’s leading online media, search and gaming companies, announced that its MMORPG subsidiary Changyou.com is to acquire a majority stake in Shenzhen 7Road Technology (“7Road”), an online games developer and publisher based in China. Changyou will acquire 68.26% of the equity of 7Road for ~$68.26M in cash. With the acquisition, Changyou aims to expand to new audiences by adding a development team that specialized in browser-based, rather casual games rather than the massively multiplayer online games Changyou has to date been known for.
by Robin Wauters
See full article at Tech Crunch
See all posts on Sohu
Apr 26, 2011 | Permalink | Comments (0) ShareThis
GREE Buys Mobile Social Gaming Platform OpenFeint
TECH CRUNCH - Apr 21 - Mobile gaming startup OpenFeint, has been acquired by Japanese mobile gaming company GREE for $104M in cash plus additional capital for growth of the OpenFeint platform. OpenFeint provides a mobile social gaming platform for the iPhone and Android platforms. Combined, the GREE and OpenFeint gaming ecosystem will reach 100 M users worldwide and GREE will uses its own resources to accelerate OpenFeint’s growth. The joint company will soon opening offices in Beijing, Singapore and London and plans to double OpenFeint in size in 2011.
by Leena Rao
See full article at Tech Crunch
See all posts on GREE
Apr 22, 2011 | Permalink | Comments (0) ShareThis
Tagged Buys Social/Instant Messaging Client Digsby
TECH CRUNCH - Apr 19 - Tagged, the San Francisco-based social network that is most notable because of its ability to grow profitably during the Facebook era, has closed its first acquisition. dotSyntax, the corporation that created the popular Digsby instant messaging and social client, is now part of Tagged. The terms of the deal were not disclosed, but all seven dotSyntax employees will join Tagged.
by Michael Arrington
See full article at Tech Crunch
See all posts on Tagged
Apr 21, 2011 | Permalink | Comments (0) ShareThis
Qwitter Acquired By TwitterCounter For $11,111
TECH CRUNCH - Apr 20 - Qwitter, the service that sends you an email whenever someone unfollows you on Twitter, was just purchased in a public auction by Amsterdam-based TwitterCounter for $11,111. Qwitter has ~180,000 active users and still signs up ~ 2K new users every week.
by Robin Wauters
See full article at Tech Crunch
Apr 20, 2011 | Permalink | Comments (0) ShareThis
Chris DeWolfe’s MindJolt Expands Gaming Empire
TECH CRUNCH - Apr 19 - MindJolt, the game distribution company that was acquired by MySpace founder and former CEO Chris DeWolfe last year, has made two significant acquisitions in the gaming space today— game developer Social Gaming Network (SGN) and game network Hallpass Media. Financial terms of the acquisitions were not disclosed.
by Leena Rao
See full article at Tech Crunch
See all posts on Mindjolt
See all posts on SocialGamingNetwork
Apr 19, 2011 | Permalink | Comments (0) ShareThis
Groupon Acquires Whrrl Creator Pelago
TECH CRUNCH - Apr 19 - Daily deals site Groupon has acquired Whrrl parent company Pelago. The iFund-backed Pelago is most famous for its Whrrl product, which is a Foursquare-like LBS services app that allows people to check into places. Pelago had $22.4M in funding. Groupon of course is funded to the gills with $1.14B from NEA, DST and others.
by Alexia Tsotsis
See full article at Tech Crunch
See all posts on Groupon
See all posts on Whrrl
See all posts on Pelago
Apr 19, 2011 | Permalink | Comments (0) ShareThis
Twitter In Talks To Buy TweetDeck
MASHABLE - Apr 19 - Twitter is in talks to purchase TweetDeck for $50M. TweetDeck is one of the most popular third-party Twitter clients, available in desktop, iPad, iPhone and Android versions. It displays your Twitter news feed, @mentions and direct messages, along with your Facebook feeds — all on the same screen, all updating in real time. TweetDeck can also support updates from MySpace, LinkedIn and Foursquare.
by Chris Taylor
See full article at Mashable
See all posts on Twitter
Apr 19, 2011 | Permalink | Comments (0) ShareThis
LivingSocial Acquires SocialMedia For $3 Million
TECH CRUNCH - Apr 17 - Fast growing daily deal service LivingSocial, which just raised $400M, has acquired long suffering social advertising network SocialMedia for $3M, all in LivingSocial stock. SocialMedia’s biggest asset today is probably its domain name. But a couple of years ago the company was one of the first companies to create a Facebook ad network that used your friends’ pictures in the ads. 2008 revenue was $15M, and 2009 revenue was on pace to hit $25M. Facebook tried to acquire the company. SocialMedia declined, and shortly afterwards Facebook threatened legal action against them for privacy policy violations. LivingSocial's February revenue was $50M, and projected revenue for 2011 is $1 billion.
by Michael Arrington
See full article at Tech Crunch
See all posts on LivingSocial
See all posts on SocialMedia
Apr 18, 2011 | Permalink | Comments (0) ShareThis
Google Buys Mobile Music And Entertainment Platform PushLife
TECH CRUNCH - Apr 8 - Google has acquired Toronto-based mobile entertainment startup PushLife for close to $25M. The company, which enabled you to port your iTunes and Windows Media player libraries to non-Apple phones like Android and Blackberry has been gobbled up by the search engine in its attempts to move beyond search.
by Alexia Tsotsis
See full article at Tech Crunch
See all posts on Google
Apr 11, 2011 | Permalink | Comments (1) ShareThis
Zynga Acquires Team Behind PokerTableRatings
TECH CRUNCH - Apr 6 - Zynga is acquiring the team from MarketZero, who is behind the largest online portal tracking career statistics of online poker players, PokerTableRatings. Zynga is hiring the team behind MarketZero, but will not operating or acquiring MarketZero’s existing business. The team will work for Zynga Poker and will help develop new and innovative features within the game.
by Leena Rao
See full article at Tech Crunch
See all posts on Zynga
Apr 06, 2011 | Permalink | Comments (0) ShareThis
myYearbook Acquired Five Apps And FlockEngine
TECH CRUNCH - Mar 31 - myYearbook has acquired five new Android apps to support its mobile strategy and grow its team. In addition, the company acquired FlockEngine, which powers multiplayer games on Android phones The acquisitions include Toss It, Tic Tac Toe, Minesweeper, SpringDroid, and Line of 4.
by Robin Wauters
See full article at Tech Crunch
See all posts on myYearbook
Mar 31, 2011 | Permalink | Comments (0) ShareThis
Facebook Acquires Snaptu
TECH CRUNCH - Mar 20 - Facebook has acquired Snaptu for an ~$60 – $70M, although some reports peg the price lower, at ~$40M. Here’s Facebook’s statement on the matter: Snaptu is a startup run by a highly innovative collection of engineers and entrepreneurs, who we already work closely with to offer a Facebook mobile application for feature phones. As part of Facebook, Snaptu’s team and technology will enable us to deliver an even better mobile experience on feature phones more quickly.
by Robin Wauters
See full article at Tech Crunch
See all posts on Facebook
Mar 21, 2011 | Permalink | Comments (0) ShareThis
YouTube Acquires Service That Makes Your Videos Better
READ WRITE WEB - Mar 15 - In order to improve the quality of those videos, YouTube has acquired an Irish company that makes video enhancement magic technology. Called Green Parrot Pictures, YouTube says the 6 year old company has built "cutting-edge video quality improvement technology that has been used in major studio productions from Lord of the Rings to X-Men to Spider-Man. Their technology helps make videos look better while at the same time using less bandwidth and improving playback speed."
by Marshall Kirkpatrick
See full article at Read Write Web
See all posts on YouTube
Mar 16, 2011 | Permalink | Comments (0) ShareThis
Technology Mergers & Acquisitions Get Off to a Strong Start in the First Quarter of 2011
Smart mobility, cloud computing, social networking and internet video drive deals for growth and innovation.
NEW YORK, May 11, 2011 /PRNewswire/ -- Driven by trends like cloud computing, software as a service (SaaS), social networking, mobile communications and information security, global technology mergers & acquisitions (M&A) deals grew during the first quarter of 2011 both in the number of M&A deals — up 26% (to 794) — and in total value — up 124% (to US$27b) when compared to the same period last year, according to Ernst & Young's quarterly report, Global technology M&A update, January – March 2011. Companies transacted a larger number of smaller, strategically focused deals in 1Q11, continuing a trend that began last year.
Joe Steger, Global Technology Transaction Advisory Services Leader at Ernst & Young, says:
"These trends speak to the rapid pace of change driven by the cloud, social networking and smart mobility, and the ways in which technology is becoming an increasing part of everyday life — not just something we do while at work. On the business side, the trends reflect that information is becoming a larger component of the value of all products and services." Indeed, non-technology companies purchased 15% of the quarter's total value in disclosed-value deals, demonstrating that information technology increasingly is blurring into other industries.
Multiple small, strategic deals help companies cope with change
Companies continued the trend in 1Q11 of making multiple small acquisitions and weaving them together to address strategic business initiatives. "This was evident, for example, among internet companies, which acquired multiple social networking companies, and among established software and SaaS companies, which bought multiple SaaS companies," says Steger.
Also exemplifying this pattern were software and SaaS providers purchasing social networking companies in order to add social functions into their enterprise applications or their advertising/marketing platforms. Similarly, the rise of "deal-a-day" e-commerce companies was reflected in a series of consolidation transactions among small and regional competitors and by geographic expansion deals done by larger competitors.
"Overall, this pattern enables buyers to maintain their competitiveness or extend their strategies in the face of rapid technology innovation, while at the same time capitalizing on current and evolving trends. However, given the rapid pace and competitive nature of these deals, it still demands rigorous deal valuation, structuring, due diligence and integration," Steger says.
Cloud computing and SaaS drives many deals – large and small
Cloud computing was the motivating force behind dozens of deals in the quarter, including several of the largest by dollar value. Telephone and cable network operators acquired services companies with large data centers to build up their ability to provide cloud services. In addition, two deals involving acquisitions of storage systems suitable for use in cloud computing data centers made the list of the quarter's top 10 deals by dollar value. Many of the smaller cloud deals involved adding cloud-based functions to existing applications or services.
Mobile chip M&A booms
The top 10 deals also included three semiconductor deals that brought together makers of communications chips for mobile phone technologies (i.e., 3G and 4G/LTE chips) and chip makers that produce devices for WiFi, WiMax, Bluetooth, GPS and other wireless communications technologies. There were at least half a dozen similar deals among the quarter's smaller transactions.
Mobile "ecosystems" deals drive convergence
Also in 1Q11 were multiple deals in which mobile device manufacturers purchased content and services providers, thus pushing into traditionally non-technology industries. These acquisitions are focused on the concept of building information "ecosystems" leveraging a single operating system around each company's smartphones, tablets and other mobile devices.
Internet and mobile video deals surge
The use of internet and mobile video began to soar in 2010 for entertainment, business conferencing and personal video calling purposes, and technology companies are responding by acquiring strategic video technologies. Video deals were apparent in every sector in 1Q11. Deals involving chips for video image processing were done in the semiconductor sector; for video transmission optimization technologies in the communications equipment sector; and for video-on-demand services in the internet sector.
Cross-border deals add to growth
A quest for growth was evident in the level of cross-border deals in 1Q11. Following a 2010 surge in cross-border deals, 1Q11 maintained the post-surge level: cross-border deals accounted for 34% of all the quarter's deals, compared with 34% for all of 2010 and 31% for 2009. At US$11b, the value of the quarter's cross-border deals accounted for 40% of the quarter's total value, compared with 41% for all of 2010 and 25% in 2009.
Outlook for 2011 M&A remains strong
The momentum behind global technology M&A growth makes a good case for a strong 2011; 1Q11 was the eighth consecutive quarter without a sequential decline in deal numbers, beginning with 2Q09. In addition, technology is increasingly influencing the development of the entire global economy through new waves of innovation around smart mobility, cloud computing and social networking — all of which are evident in the increasing cross-industry blur and the increasing value of information technology as a component of all products and services.
Moreover, technology companies have the fuel they need to increase M&A spending. In aggregate, the cash and investments held by the sector's top 25 companies (as defined in the report), which topped the half-trillion-dollar mark by the end of 2010, grew to US$544b by the end of 1Q11 — an 18% YOY increase from US$461b at the end of 1Q10. "These truly exciting technology innovations, the growing cash stockpiles that technology companies are increasingly challenged to put to good use and the strong start to the year represented by these first quarter M&A results suggest a big year for technology M&A in 2011. Realistically, however, we must temper those pluses with concern over increasing divergence between buyers and sellers over valuation, geopolitical unrest, global debt issues and other unforeseeable possibilities," Steger concludes.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit www.ey.com.
This news release has been issued by EYGM Limited, a member of the global Ernst & Young organization that also does not provide any services to clients.
Ernst & Young's Global Technology Center
The technology industry is in a constant state of change — driven by continuous innovation, shifting markets, converging industries, consumer demand and the need for first-mover advantage. Ernst & Young's Global Technology Center connects a worldwide team of more than 14,000 technology professionals to help you navigate the challenges of this continuous change. We provide assurance and tax guidance through a network of experienced advisors to help you manage risk, transform business performance and sustain improvement.
We can help you deliver cost-effective innovation, balance product portfolios, maintain effective supply chains, and identify, execute and integrate strategic growth transactions. Our global technology network leverages our leading market share position in serving technology companies to provide you with timely, reliable information. Our teams use a cross-discipline, collaborative approach to help you achieve your business objectives. We encourage our people to use their ingenuity and initiative to help you develop approaches, create options and seize opportunities. It's how Ernst & Young makes a difference.
About the report
Global technology M&A update, January – March 2011 based on Ernst & Young's analysis of FactSet Mergerstat data for January through March 2011. FactSet Mergerstat data was last accessed for this first quarter report on 8 April 2011. Deal activity and valuations may fluctuate slightly based on the date that the FactSet Mergerstat database is accessed. Only disclosed value deals are used in all value analysis. Full report is available at www.ey.com.
SOURCE Ernst & Young
Yahoo Inc is looking to buy companies that will allow it to become a bigger player in social networking and revamp its family of products
He continues, “In addition, it would give us access to opt-in lists which could be used effectively for several cross-marketing opportunities such as attracting a well-targeted customer base for the company’s social networking wunderkind, KidzRocket.com, an FBL (facebook-like) site for pre-teens with social networking, activities and more, with peace of mind for parents thanks to a revolutionary IP owned by BizRocket.com providing a filter which protects kids while they interact on the web.”
Searchlight Solutions Announces Board of Directors Appointments
Searchlight Solutions Announces Final Closing on Linux Labs Acquisition
Corporate Update
Apr 26, 2005
OTC Disclosure & News Service
- Vancouver, British Columbia, Canada --- April 26, 2005 --- Searchlight Solutions, Ltd. (OTC Pink Sheets: SLLN) is pleased to announce the successful implementation of projects in vertical markets, in addition to litigation support. New verticals include compliance & regulatory support, construction management services and software, as well as document management services. Searchlight has expanded to provide software and services solutions to clients in the United States, Canada and the UK. Clients include corporations, law firms, government agencies and the United States military (subcontractor). The current workload includes projects for large corporations, securities commissions (Canadian Provinces), Department of Financial Institutions (USA), projects for one of the largest accounting firms, Department of Justice projects and other notable international entities. Searchlight Solutions, Ltd. (www.searchlight.ca) is a technology services company which designs innovative solutions for clients within the legal and other specified industries. The company provides its customers with services to help them effectively discover, organize, and distribute their information. These services include a combination of case analysis, proprietary methodology, processes, and the Searchlight software which together enable the organization to capture information in an organized and retrievable digital format. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements other than statements of fact, included in this release, are forward-looking statements that involve risks and uncertainties. For further information or investor relations contact: Gary Procknow at 604-255-4620 or 206-521-1101.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.