Panasonic to Buy Supply-Chain Software Provider Blue Yonder for $7.1 Billion

Panasonic Corp.

said it is buying U.S. supply-chain software provider Blue Yonder Holding Inc. from

Blackstone Group Inc.

and New Mountain Capital LLC for $7.1 billion in a bid to accelerate its software business.

Panasonic on Friday said the Covid-19 pandemic is leading to sharp changes in supply and demand, making  supply-chain management critical for companies.  The electronics company said it also is looking to expand recurring business in addition to hardware sales.

Panasonic said it is purchasing an additional 80% stake in the Arizona-based company that it didn’t already own.

Panasonic took a 20% stake in Blue Yonder in July, deepening the companies’ relationship as they jointly develop digital technology for managing logistics, retail and manufacturing operations.

Panasonic’s imaging technology, for example, can be used to monitor inventory levels

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UiPath IPO to raise nearly $1.5 billion as cloud stocks retreat

UiPath co-founder and CEO Daniel Dines

UiPath

UiPath’s New York Stock Exchange debut scheduled for Wednesday will mark one of the biggest software IPOs in U.S. history and will be the most hyped first trade for cloud investors since Snowflake went public in September.

But the company, whose software helps businesses automate office tasks, has to contend with escalating investor concern over frothy valuations and a market rotation away from high-growth tech.

In recent years, cloud has been a can’t-miss bet. From Zoom’s skyrocketing popularity after its 2019 IPO and Shopify’s growth in e-commerce, to surging demand for cloud security tools sold by Zscaler and CrowdStrike, investors now have an extensive roster of large-cap names for their portfolio.

In 2020, the WisdomTree Cloud Computing Fund, consisting of 58 publicly traded cloud software vendors, more than doubled, while the Nasdaq rose 44% and the Dow Jones Industrial Average gained

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Software Maker UiPath Chases a Nearly $26 Billion Valuation

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UiPath provides a platform that helps its customers automate processes using software robots.


Courtesy UiPath

UiPath, the automation software maker, is going public next week. 

The company is scheduled to price its deal on April 20 and begin trading the next day, a person familiar with the situation said. The company is selling 21,282,081 shares at $43 to $50 each, which could raise as much as $1.06 billion. UiPath plans to list on the New York Stock Exchange under the symbol PATH.

With 516,545,035 shares outstanding, UiPath could be valued at nearly $26 billion if the IPO prices at the top end of its range. 

The prospectus lists 21 investment banks that are advising on the deal, led by

Morgan Stanley

and

JP Morgan.

Founded in 2015 in an apartment in Romania, UiPath provides a platform that helps its customers automate processes using software robots. The company,

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Why Hitachi Is Spending $9.6 Billion to Dive Into the Software Business

Hitachi Ltd.

’s $9.6 billion purchase of digital-engineering firm GlobalLogic Inc. amounts to a big bet that enterprise software will unleash the power of big data on heavy industry.

The Japanese manufacturing giant follows a string of other old-guard hardware businesses that are investing in fast-growing enterprise-software development, analysts say. Best-known years ago for TV sets, video recorders and batteries, Hitachi is diving headfirst into this area as coronavirus restrictions have all but shoved industries into digitizing their businesses—faster.

That’s where Hitachi hopes to employ GlobalLogic’s engineering know-how in manufacturing, energy and other sectors to expand further outside Japan, said

Gajen Kandiah,

chief executive of Hitachi Vantara, the firm’s digital infrastructure segment.

“Unfortunately, you only hear about a small group of companies that are maximizing data,” he said. “You don’t hear about the 99% that isn’t.”

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