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Philadelphia, the fifth most popular city in the United States, is transforming in a very high rate.Cameron Johnson

 

There are many factors that are contributing to this transformation, with one of them being mergers and acquisitions (M&A). Several mergers were announced in 2015 and were effected either in the same year or earlier 2016. The M&As are expected to have many effects on the business activities of Philadelphia. The economy of Philadelphia as a whole will be affected too, since the M&As are happening in almost all industries. 

 

Four of the mergers are expected to greatly impact economic activities of Philadelphia, the home to over 1.5 million people.

 

Below are the mergers:

 

Blue Coat and Elastica:

 

As part of a larger effort to expand its product offerings, Blue Coat Systems acquired Elastica for $280 million. It gives organizations the power to choose applications and other data sources in a secure manner. It also sells hardware that enables organizations to view encrypted data in their data centers. Elastica, on the other hand, shows the cloud services being used by the employees of a company. The acquisition has led to the creation of a reliable and efficient company, able to provide cloud service security. Photo: cloudnewsdaily.com

 

The impact of this acquisition will mostly be felt in the IT industry for any organization that stores confidential business data on Salesforce, Google drive or Dropbox will be affected. A merit that comes with Blue Coat’s acquisition is added information security, since organizations are now in a position to secure their cloud services using their cyber security providers. It can be predicted that in the next one year, current approaches to information security to both companies and government agencies will have changed drastically.

 

Jefferson and Kennedy Health:

 

Another popular merger that has taken place in Philadelphia is between Jefferson and Kennedy Health. This merger will result in the creation of one of the largest healthcare systems in Philadelphia, as the system is expected to make as much as $4 billion in revenues on an annual basis. This merger will affect any organization in the region which has commercialized medical services. Since this merge is literally big, the trust of clients in the resultant health system is expected to rise. In the next one year, the way healthcare is offered in Philadelphia area will have changed. This can be concluded as the merger aims to create a model where healthcare is taken to patients, rather than patients looking for healthcare.

 

Blank Rome and Dickstein Shapiro:

 

Blank Rome, a company founded in 1966, has acquired Dickstein Shapiro. This acquisition will be advantageous to the people of Philadelphia, given that an average of one hundred attorneys will be recruited. This acquisition will affect any firm that represents clients in various litigation matters. Blank Rome terms this as a strategic move to offer comprehensive services. The effect of this acquisition in the next one year shall be reduced competition in the legal industry. The image created by this acquisition is that of an efficient, trustworthy service provider.

 

Anexinet and ListenLogic:

 

The technology industry has had a number of M&As. One of the noticeable ones is the acquisition of ListenLogic by Anexinet. Anexinet has a created a reputation over the years by providing digital services that enable organizations to evaluate and choose business strategies. On the other hand, ListenLogic provides social intelligence that helps organizations adapt their business strategies to customer requirements. The acquisition can only be termed as natural, and have led to the creation of an efficient service provider. According to Anexinet, ListenLogic is complimentary to it as a company offering digital solutions. This acquisition is expected to have a noticeable effect on any company that offers customer analytic solutions.

 

Philadelphia is expected to transform greatly in the next one year. There are myriad projects being undertaken to affect this. With strategic planning, mergers and acquisitions can create great economic values, and make Philadelphia what it should be.

 

Cameron Johnson is a business consultant and social media expert. Over the course of his career he has conducted case studies on both social media optimization and non-profit marketing. Cameron has also had the opportunity to speak at international marketing conferences and was recently recognized as one of the world’s top 100 advertising experts to follow on social media.

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Photo: cloudnewsdaily.com