Yazılar

Tech M&A Advisory Firm AXOM Hires Morgan Stanley’s Buzz Black for Software Dealmaking

/in /tarafından

AXOM Partners, a boutique advisory firm specializing in technology, has hired experienced investment banker Buzz Black from Morgan Stanley to strengthen its coverage of the enterprise software industry. Black, known for his work on significant software deals, will join AXOM in May following a period of gardening leave and will be based in San Francisco.

During his time at Morgan Stanley, Black advised on several high-profile software transactions, including Blackstone and Vista Equity Partners’ $8.4 billion acquisition of Smartsheet and KKR’s $4.8 billion deal for Instructure. He also played a role in cybersecurity transactions, such as the $560 million sale of Demisto to Palo Alto Networks and the 2017 sale of eSentire to Warburg Pincus.

In an interview, Black discussed the growing trend among large strategic buyers who often prefer acquiring companies with strong teams and cutting-edge technology, enabling faster market entry. His addition to AXOM is expected to enhance its ability to cover large enterprise software deals, complementing the firm’s existing focus on early-stage, venture-backed startups.

AXOM, founded in 2023 by Brandon Hightower, Alan Bressers, and Ross Weiner (former Qatalyst Partners bankers), has quickly established itself in the AI sector, advising on several high-profile deals such as Rockset’s sale to OpenAI, Nvidia’s acquisition of OctoAI, and MongoDB’s acquisition of Voyage AI. According to Hightower, Black’s experience will add valuable coverage and insight into both the buyer and strategic target sides of AI-focused transactions.

Microsoft to Invest $300 Million in South Africa’s AI Infrastructure Expansion

/in /tarafından

Microsoft has announced plans to invest an additional 5.4 billion rand ($296.81 million) in South Africa by 2027 to expand its cloud and artificial intelligence (AI) infrastructure, catering to the increasing demand for Azure services in the region.

At a Johannesburg event on Thursday, Microsoft Vice Chair and President Brad Smith revealed the company’s strategy to support digital skills development. Microsoft will cover the cost of technical certification exams for 50,000 individuals in areas of high demand, including cloud architecture, AI, and cybersecurity.

This new investment builds on Microsoft’s previous expenditure of 20.4 billion rand, which was used to establish South Africa’s first enterprise-grade data centres in Johannesburg and Cape Town. These facilities have positioned the country as a critical hub for data centres to meet the growing computational needs of AI as businesses look to integrate the technology into their services.

Looking ahead, Microsoft plans to spend approximately $80 billion globally in fiscal 2025 to advance data centre infrastructure, with a focus on training AI models and deploying AI-powered applications and cloud services.

Mass Federal Layoffs Could Undermine U.S. Cybersecurity, Warns Former NSA Official

/in /tarafından

Former National Security Agency (NSA) director of cybersecurity, Rob Joyce, warned on Wednesday that the mass reduction in federal workers will have a “devastating” impact on U.S. cybersecurity and national security. Joyce testified before the House Select Committee on the Chinese Communist Party, discussing the harmful consequences of cutting government employees, particularly in areas critical for countering Chinese cyber threats.

Joyce explained that eliminating probationary employees would destroy a vital pipeline for new talent essential to combatting cyber threats from China. These workers play a key role in protecting U.S. critical infrastructure, telecommunications, and other sectors from ongoing cyberattacks.

Over 100,000 federal employees have either taken early retirement or been laid off under the direction of former President Donald Trump and advisor Elon Musk’s initiative to drastically reduce the size of federal agencies. While it’s unclear how many NSA employees have been affected, the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) has already cut more than 130 positions as of mid-February. CISA is tasked with defending civilian federal networks and facilitating collaboration between private industry and the government on cybersecurity issues.

Despite national security jobs being exempt from the cuts, some critical cybersecurity positions have still been eliminated, further raising concerns about the long-term impact on U.S. cyber defense. The White House and NSA did not respond to requests for comment, while DHS stated that the cuts would save $50 million, emphasizing that efforts are ongoing to eliminate positions that do not align with the agency’s mission.