In conjunction with an announcement committing to maintenance support for SAP S/4HANA until the end of 2040, SAP also indicated that mainstream maintenance will be provided for core applications of SAP Business Suite 7 until the end of 2027 with extended maintenance available until the end of 2030.
Read MoreEarnings releases began to flow freely across the software industry this week. Our first covered company for this reporting season, NetScout Systems (NTCT), delivered its second consecutive quarterly beat, while also returning to positive organic growth.
Read MoreNetScout Systems’ (NTCT) Q3 ’20 results comfortably exceeded expectations as a high seven-figure service provider opportunity slated to close in Q4 was secured earlier than anticipated. Importantly, the results also reflected renewed revenue growth driven by increased sales in both the enterprise and service provider verticals.
Read MoreM&A this week included a couple of AIOps deals at ServiceNow (NOW) and VMware (VMW). ServiceNow’s acquisition of Loom Systems adds log and metrics analysis to its IT Service Management (ITSM) and IT Operations Management (ITOM) solutions, thereby enabling customers to proactively identify IT incidents and automate remediation tasks.
Read MoreWithin our coverage universe this week, Assurance Global Services (AGS) sweetened its bid to acquire CTG (CTG), offering $7.00 per share in cash. The upsized offer represented a 33% premium to the prior day’s close and topped AGS’ initial $5.50-$6.00 proposal in May 2019.
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