M&A Review: Sykes BUYS Alpine, Oracle ACQUIRES Xsigo
Here are Monday’s top stories:
Sykes Enterprises Incorporated (NASDAQ:SYKE), a call-center operator, will purchase at-home agent supplier Alpine Access for $150 million in cash in order to reinforce its competitive position. The buyer at the same time reduces its full-year guidance, pointing to uneven demand and a lengthened sales cycle due to macro-economic impacts.
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Oracle Corporation (NASDAQ:ORCL) will acquire Xsigo as it continues to buy startups in markets that are exploding. Xsigo develops hardware and software solutions for the management of data center infrastructures, and the firm is an avid supporter of software-defined networking. eBay Inc. (NASDAQ:EBAY), British Telecom, and Verizon Communications (NYSE:VZ) are counted as its customers.
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