je.st
news
Tag: usd
Prominent Electronics Manufacturer Signs Deal Worth over 300,000 USD for ReadSoft's Invoice ...
2014-01-02 06:00:00| Industrial Newsroom - All News for Today
An innovative company in the design and manufacturing of electronic products has signed an agreement with ReadSoft North America to automate its invoice process with ReadSoft’s SAP®-certified invoice automation solution. The deal, valued at over 300,000 USD, was signed in the fourth quarter of 2013.<br /> <br /> The company realized its paper intensive process was slow and inefficient. Manual handling of paying invoices across its enterprise was restricting its ability to have control ...This story is related to the following:Invoice Processing Software | Enterprise Resource Planning Software (ERP)
Tags: electronics
deal
worth
manufacturer
Alcatel-Lucent to sell LGS Innovations for USD 200 mln
2013-12-20 10:31:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent announced a definitive agreement to sell its subsidiary LGS Innovations to a US-based company owned by a Madison Dearborn Partners-led investor group that includes CoVant. The divestment forms part of the commitments outlined by Alcatel-Lucent in its Shift Plan, to narrow its focus and reduce costs. The cash transaction agreed between Alcatel-Lucent and the Madison Dearborn/CoVant group will comprise a total amount of up to USD 200 million, of which 50 percent will be paid at closing and up to 50 percent in a subsequent variable component based on the subsidiary's performance in 2014. Closing of the transaction is subject to certain conditions, including US Government approvals, and is targeted to occur in the first quarter of 2014. LGS Innovations provides secure networking, satellite communications, VoIP, optical routers and other solutions for the US national security, defense, and advanced research communities. Madison Dearborn is a private equity firm, while CoVant is a holding company focused on acquiring and growing companies in the federal technology marketplace.
Tags: sell
usd
innovations
mln
Telstra sells Hong Kong business to HKT for USD 2.43 bln
2013-12-20 00:23:00| Telecompaper Headlines
(Telecompaper) Australian communications provider Telstra has signed an agreement to sell its Hong Kong based mobile business CSL to HKT for USD 2.43 billion. The sale, which is subject to regulatory approval in Hong Kong and HKT and PCCW security holder approval, would equate to proceeds of approximately AUD 2 billion for Telstra's 76.4 percent interest. The sale of CSL is expected to generate a profit on sale of approximately AUD 600 million for Telstra. HKT will also acquire the remaining 23.6 percent shareholding held by New World Development. Telstra said that despite this sale, Asia remains an important part of the company's strategy and that it intends to be in the region for the long term.
Tags: business
hong
kong
hong kong
Avago to acquire LSI for USD 6.6 bln
2013-12-17 09:25:00| Telecompaper Headlines
(Telecompaper) Avago Technologies is acquiring networking systems provider LSI for USD 11.15 per share in an all-cash transaction valued at USD 6.6 billion. Avago said the deal will create a highly diversified semiconductor market leader with around USD 5 billion in annual revenues and that it will add enterprise storage to Avago's existing wired infrastructure, wireless and industrial businesses. The combined company will be strongly positioned to capitalise on the growing opportunities created by the rapid increases in data centre IP and mobile data traffic, the company said. CEO Hock Tan said the combination will increase scale, diversify Avago revenue and customer base and that it will drive LSI operating margins up towards Avago levels. The deal will be accretive immediately to Avago's non-GAAP free cash flow and earnings per share. Avago is guiding for annual cost savings at a run rate of USD 200 million by the end of the fiscal year to 1 November 2015, the first full fiscal year after closing. Completion is expected for the first half of next calendar year. Avago intends to fund the transaction with USD 1.0 billion of cash from its balanced sheet, as well as a USD 4.6 billion term loan from a group of banks and a USD 1 billion investment from Silver Lake Partners. The boards of both companies have approved the acquisition, which is still subject to the usual closing conditions, as well as approval of LSI shareholders.
Ooyala gains USD 43 mln investment from Telstra
2013-12-11 22:09:00| Telecompaper Headlines
(Telecompaper) Video streaming and analytics provider Ooyala has received a USD 43 million investment from Telstra, Australia's largest telecommunications company. Ooyala will use the funds to accelerate engineering efforts focused on innovating its video streaming and analytics platform and to support accelerating growth both domestically and internationally.
Tags: investment
usd
gains
mln
Sites : [150] [151] [152] [153] [154] [155] [156] [157] [158] [159] [160] [161] [162] [163] [164] [165] [166] [167] [168] [169] next »