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Microsoft doubles cloud investment in Europe to USD 3 bln
2016-10-03 14:25:00| Telecompaper Headlines
(Telecompaper) Microsoft wants to push the development of cloud computing in Europe and will more than double investment to USD 3 billion. CEO Satya Nadella and president Brad Smith have unveiled a plan which starts with the intention to deliver Microsoft Cloud services from datacentres in France from next year. Cloud services include Microsoft Azure, Office 365, Dynamics 365. The executives also unveiled 78 public policy recommendations in "A Cloud for Global Good", with topic running from next-generational skills, enhancing security and privacy in the digital age, to environmental sustainability, keeping communities safe, and securing a bright future for all children.
Tags: europe
microsoft
investment
usd
Coating Additives Market Worth 9.19 Billion USD by 2021
2016-09-29 07:00:00| Coatings World Breaking News
Tags: market
worth
usd
billion
Novatel sells mobile ops, MiFi spots to TCL for USD 50 mln
2016-09-23 09:29:00| Telecompaper Headlines
(Telecompaper) Novatel Wireless has agreed to sell its mobile broadband operations, including its MiFi branded hotspots and USB modem lines, to Hong Kong's TCL for USD 50 million in cash. The deal is subject to the usual regulatory approvals, as well as the approval of Novatel stockholders and convertible noteholders. The deal is expected to close in the first quarter of next year. Novatel will now put its attention on creating a new public holding company and a new operating structure. The company is currently considering several names and logos to be adopted by the new company going forward.
Tech Data to buy Avnet Technology Solutions for USD 2.6 bln
2016-09-19 14:41:00| Telecompaper Headlines
(Telecompaper) Avnet has agreed to sell its Technology Solutions division to rival Tech Data for USD 2.6 billion. The company said it will focus going forward on design and supply chain services, and especially high growth areas like the IoT, embedded solutions and critical platforms. It will partner with Tech Data on serving the IoT solutions market. Avnet will receive USD 2.4 billion in cash and 2.8 million shares in Tech Data as payment for the operations.
Tags: data
buy
technology
solutions
Infoblox agrees sale to Vista Equity for USD 1.6 billion
2016-09-19 14:33:00| Telecompaper Headlines
(Telecompaper) Infoblox has agreed to go private in a takeover by Vista Equity Partners for USD 1.6 billion. Infoblox stockholders will receive USD 26.50 per share cash, a 33 percent premium to Infoblox's average closing share price over the last 60 trading days. Vista specialises in enterprise software, analytics and risk management. The new owner's support is expected to help Infoblox expand sales of its DDI automation and DNS security products in the enterprise market. Infoblox said its Board of Directors received and evaluated multiple indications of interest before deciding to proceed with this transaction.
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