Comments on: Did Cisco Hand Out a Few Golden Eggs for Easter? http://www.developmentcorporate.com/2009/04/13/did-cisco-hand-out-a-few-golden-eggs-for-easter/ Musings of a Reformed Private Equity Operator Mon, 05 Jul 2010 09:02:43 -0700 hourly 1 http://wordpress.org/?v=3.0 By: DevelopmentCorporate » Blog Archive » Is The Winter of Tech Liquidity Event Discontent Over? http://www.developmentcorporate.com/2009/04/13/did-cisco-hand-out-a-few-golden-eggs-for-easter/comment-page-1/#comment-1670 DevelopmentCorporate » Blog Archive » Is The Winter of Tech Liquidity Event Discontent Over? Mon, 21 Dec 2009 16:10:26 +0000 http://www.developmentcorporate.com/?p=609#comment-1670 [...] continues to pay significant premiums for acquired properties.  Cisco’s recent acquisitions of Tidal Software and Pure Digital [...] [...] continues to pay significant premiums for acquired properties.  Cisco’s recent acquisitions of Tidal Software and Pure Digital [...]

]]> By: DevelopmentCorporate » Blog Archive » How to Build an Exit Strategy http://www.developmentcorporate.com/2009/04/13/did-cisco-hand-out-a-few-golden-eggs-for-easter/comment-page-1/#comment-1237 DevelopmentCorporate » Blog Archive » How to Build an Exit Strategy Thu, 24 Sep 2009 14:04:01 +0000 http://www.developmentcorporate.com/?p=609#comment-1237 [...] strategic acquirer.  Classic examples of this scenario include Google’s acquisition of YouTube, Cisco’s acquisition of Pure Digital, or Amazon’s recent acquisition of Zappos.  In strategic acquisitions, the acquirer pays a huge [...] [...] strategic acquirer.  Classic examples of this scenario include Google’s acquisition of YouTube, Cisco’s acquisition of Pure Digital, or Amazon’s recent acquisition of Zappos.  In strategic acquisitions, the acquirer pays a huge [...]

]]> By: John Mecke http://www.developmentcorporate.com/2009/04/13/did-cisco-hand-out-a-few-golden-eggs-for-easter/comment-page-1/#comment-454 John Mecke Tue, 14 Apr 2009 01:45:31 +0000 http://www.developmentcorporate.com/?p=609#comment-454 Thanks for the comment. I almost included Bob Beauchamp from BMC in my post. I worked directly for Sterling Williams for a number of years and got to know Charles Wang, 'Flip' Filikowsi, and Art Allen from ASG pretyy well. Your comments were spot on. JCM Thanks for the comment. I almost included Bob Beauchamp from BMC in my post. I worked directly for Sterling Williams for a number of years and got to know Charles Wang, ‘Flip’ Filikowsi, and Art Allen from ASG pretyy well. Your comments were spot on. JCM

]]> By: TwoFingerPoi http://www.developmentcorporate.com/2009/04/13/did-cisco-hand-out-a-few-golden-eggs-for-easter/comment-page-1/#comment-452 TwoFingerPoi Mon, 13 Apr 2009 20:09:59 +0000 http://www.developmentcorporate.com/?p=609#comment-452 Cisco acquires Tidal, leaves BMC behind CSCO decided to go with a smaller (cheaper), lower risk Tidal acquisition to gain automation software functionality. I think the "OEM" deal with BMC is a non-starter and dead in the water. A BMC acquisition would have been more typical of a "consolidator". The "consolidators" have traditionally paid modest total prices for substantial revenue, especially maintenance, streams while the "growth innovators" snap up smaller vendors with limited revenue but technology that can create incremental or even aggressive growth opportunities. The strategies and results are obviously different. Cisco acquires Tidal, leaves BMC behind

CSCO decided to go with a smaller (cheaper), lower risk Tidal acquisition to gain automation software functionality. I think the “OEM” deal with BMC is a non-starter and dead in the water. A BMC acquisition would have been more typical of a “consolidator”.

The “consolidators” have traditionally paid modest total prices for substantial revenue, especially maintenance, streams while the “growth innovators” snap up smaller vendors with limited revenue but technology that can create incremental or even aggressive growth opportunities. The strategies and results are obviously different.

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