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Symantec welcomes USD 500 mln, board member from Silver Lake
2016-02-05 09:25:00| Telecompaper Headlines
(Telecompaper) Symantec has received a USD 500 million investment from Silver Lake, with Ken Hao, a managing partner at the private equity firm, taking a seat on the company's board, the Wall Street Journal reported. With the money, Symantec will buy back more shares, cut costs and push forward on a transformation plan it launched in 2014. It also plans to return USD 5.5 billion in capital to shareholders in the coming year, also using proceeds from the recent sale of its Veritas data-storage and recovery business. Activist hedge fund Elliott Management has aso been amassing a large stake in Symantec, becoming one of its largest shareholders, according to people familiar with the matter.
Tags: member
board
silver
lake
Cisco to buy Jasper IoT platform for USD 1.4 bln
2016-02-04 08:19:00| Telecompaper Headlines
(Telecompaper) Cisco has agreed to acquire Jasper Technologies, the US-based developer of a cloud-based platform for offering IoT services. Japser's platform is used by telecom operators to launch, manage and monetize IoT services over mobile networks. Under the terms of the agreement, Cisco will pay USD 1.4 billion in cash and assumed equity awards, plus additional retention-based incentives. The proposed acquisition will allow Cisco to offer a complete IoT solution that is interoperable across devices and works with IoT service providers, application developers and an ecosystem of partners. Cisco said it will continue to build upon the Jasper IoT service platform and add new IoT services such as enterprise Wi-Fi, security for connected devices, and advanced analytics to better manage device usage. Jasper CEO Jahangir Mohammed will run the new IoT Software Business Unit at Cisco.
Global Process Automation And Instrumentation Market To Reach Over USD 94 Billion By 2020, says Technavio
2016-02-01 03:15:15| chemicalonline Home Page
According to the latest market study released by Technavio, the market size of the global process automation and instrumentation market is predicted to reach close to USD 94 billion in revenue by the end of 2020
Tags: process
market
global
says
Silicon Valley Tech Pioneer Revealed As $12 Million Donor To USD
2016-01-29 10:36:23| Semiconductors - Topix.net
The University of San Diego today announced a $12 million gift from the foundation of a Silicon Valley technology pioneer to boost the interest of girls and minorities in so-called STEM fields of study. The money comes from the foundation of Robert Noyce, co-founder of Intel and creator of the integrated circuit.
Silicon Valley Tech Pioneer Revealed As $12 Million Donor To USD
2016-01-29 09:46:05| Electronics - Topix.net
The University of San Diego today announced a $12 million gift from the foundation of a Silicon Valley technology pioneer to boost the interest of girls and minorities in so-called STEM fields of study. The money comes from the foundation of Robert Noyce, co-founder of Intel and creator of the integrated circuit.
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