M&A News Technology – One of the largest transactions of the quarter in was completed in December when Roper Technologies, Inc. acquired Deltek, Inc., a portfolio company of Thoma Bravo LLC, for US$2.8 billion in cash. The transaction was funded through cash on hand, borrowings under Roper Technologies’ existing credit facility and new debt. The acquisition enables Roper Technologies to solidify its market position. Roper Technologies engages in the provision of engineered products and solutions for global niche markets. Deltek provides enterprise software and information solutions. Its products include project ERP solutions, enterprise information management, business development solutions, project and portfolio management solutions, HR and talent management solutions and professional services automation solutions.
The US market for connected TVs – which includes smart TVs as well as traditional TVs equipped with video streaming devices from firms such as Apple, Google, and Roku – will surge rapidly through 2020, according to new research from eMarketer. Connected TV penetration is expected reach 202 million users that year, representing more than 70% of internet users and 60% of the national population. This number of users would represent growth of about 35% from 2015, when there were some 150 million connected TV users in the US, or about 58% of internet users and nearly 47% of the national population. Computers remained the most popular means of viewing digital video, accounting for 46% of weekly digital video viewing time nationwide in August of 2016, according to a study from Frank N. Magid Associates cited by eMarketer. Mobile devices accounted for 33% of such viewing, followed by connected TV devices at 20%.
- US consumer spending on services, an indicator of telecom service sales, rose 2.4% in December 2016 compared to the same month in 2015.
- US corporate profits, an indicator of corporate demand for telecommunication services, rose 2.8% in the third quarter of 2016 compared to the same period in 2015.
- Total US revenue for telecommunications rose 1.4% in the second quarter of 2016 compared to the previous year.
Posted by Dan Vermeire.
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