Two random stories struck me as odd this day.

The first is Forrester’s contention that spending on Web 2.0 will grow 43 percent each year to hit $4.3 billion in 2013. What does this mean? How does one purchase Web 2.0? Tim O’Reilly, who coined the …

Source:The Open Road

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MSPmentor is reporting that Red Hat has quietly been adding positions that indicate increased attention to the hosting and managed services market. Red Hat, which does 54 percent of its business through its partner channel, looks to be trying to increase that ratio further.

Red Hat…has created two staff positions to serve hosting partners. Plus, Red Hat is evaluating a strategy to work more closely with managed service providers, MSPmentor has learned….

In current months, Red Hat has received a growing number of inquiries from hosting and managed services partners, according to Mark Enzweiler, vice president of channel sales at Red Hat. Attune to the trend, Enzweiler created a new management position at Red Hat last year, in order to better serve hosting partners.

… Source:The Open Road

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Juliette Binoche

(Credit: Wikicommons)

Yesterday when going through Passport Control to board the Eurostar, I bumped into Juliette Binoche (of Chocolat fame) (or someone who looks and speaks exactly like her).

Whatever my children might think, having one’s picture on the World wide web does not make someone famous. Not even …

Source:The Open Road

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Filed under: Top deals, Financials and analyticals, Value and lack thereof, Public or private?

Liberty Mutual has agreed to acquire Safeco Corp. (NYSE: SAF) for some $6.12 billion this morning. Liberty offered to purchase all outstanding common shares at $68.24 per share, representing roughly a 50% premium to the closing price on Tuesday.

Safeco sells $5.9 billion worth of insurance policies annually, compared to Liberty Mutual selling some $20 billion annually. The deal will create the country’s fifth largest property insurer with a combined 15,000 independent agencies. Safeco will join Liberty Mutual’s Bureau Markets business unit.

The boards of both companies have approved the merger and the deal is expected to close by the end of the third quarter upon regulatory and shareholder approval.

Continue reading on 247WallSt.com.

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