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Noteworthy tech acquisitions 2022

Amid the on-going coronavirus pandemic, 2021 followed in the footsteps of its predecessor, continuing to be an unpredictable, and at times incredibly difficult, year. But one thing that stayed constant was the steady flow of mergers and acquisitions (M&A) across the tech sector.

According to research by Global Data, global tech M&A deals had already neared $3 trillion by Q3, largely supported by the tech, media, and telecom sectors. Although nothing rivalled Xilinx’s $35 billion acquisition of Advanced Micro Devices in 2020, last year did see Intuit buy Mailchimp for $12 billion and Square splash out a princely sum — $29 billion — for Afterpay.

GolbalData M&A chart GlobalData

Global mergers and acquisitions value.

As for whether 2022 will maintain last year’s pace, early signs seem to suggest there will be no slowing of big deals across the industry, with cybersecurity and collaboration software already proving to be hot areas.

Here are the biggest enterprise technology acquisitions of 2022 so far, in reverse chronological order:

Jan. 5: Google buys Siemplify for $500M

Google has announced its acquisition of cybersecurity company Siemplify for $500 million. The Israel-based cybersecurity startup specializes in end-to-end security services for enterprises, typically referred to as security orchestration, automation and response (SOAR) services.

Google and Siemplify have both confirmed the acquisition, noting that Siemplify will be integrated into Google Cloud Platform, and specifically its Chronicle operation. In a blog post, Sunil Potti VP/GM, Google Cloud Security stated that both companies “share the belief that security analysts need to be able to solve more incidents with greater complexity while requiring less effort and less specialized knowledge.”

“With Siemplify, we will change the rules on how organizations hunt, detect, and respond to threats,” he said.

Forrester Analyst, Allie Mellen, noted that “A SOAR tool has been the missing piece for Google’s Chronicle offering since practically its inception — other security analytics platforms began incorporating SOAR as early as 2017.

“This acquisition is an important step in providing a unified offering to practitioners and in being able to compete more directly in the security analytics platform space,” Mellen said.

Jan 4: Zoom acquires Liminal assets

Zoom has announced it had acquired assets from Liminal as part of its ongoing ambition to enhance the future of events.

Liminal, a start-up company that offers event production solutions built largely on Zoom’s SDK, will now form part of Zoom’s team that intends to develop best-in-class programs and solutions that can be accessed online from anywhere in the world. By adding these capabilities and more to its events management offerings, Zoom seeks to continue to be the leading comprehensive, one-stop, hybrid events management platform in the market.

As part of the asset acquisition, two of Liminal’s co-founders, Andy Carluccio and Jonathan Kokotajlo, will join Zoom, and have the shared ambition to provide more dynamic and customisable event offerings solutions to customers.

In a blog post detailing the purchase, Zoom’s Chief Marketing Officer, Janine Pelosi, said: “Liminal’s software can connect multiple HD video feeds from Zoom to production-grade hardware and applications. By adding these capabilities and more to our events management and production offerings, we believe we will continue to be the leading comprehensive, one-stop, hybrid events management platform in the market.”

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