DataDirect Networks acquisition of IntelliFlash : Big data storage supplier DataDirect Networks (DDN) has agreed to acquire IntelliFlash, an enterprise storage business, from Western Digital, a US data storage company, for an undisclosed price. The acquisition of IntelliFlash will consolidate the position of DataDirect Networks as a value-added artificial intelligence and multi-cloud data management solutions […]
TA Associates, a US private equity firm, has invested an undisclosed amount of money in MISA Joint Stock Company, a software provider in Vietnam. MISA with more than 1,500 employees offers accounting, financial, enterprise resource planning and business management software to enterprises, government and individuals across Vietnam. The company serves over 70,000 government sector clients […]
Global growth private equity firm TA Associates has closed a minority investment in Vietnamese software provider MISA Joint Stock Company, as per the latest IT industry news. Financial terms of the transaction were not revealed. Established in 1994, MISA caters to government, enterprises, and individuals in Vietnam with its accounting, financial, enterprise resource planning (ERP) […]
India-based IT firm Aaseya IT Services, a subsidiary of Yash Technologies, has opened its fourth offshore delivery centre – ‘THE S.H.I.E.LD’ in Hyderabad in the southern Indian state of Telangana. Established about two years ago, Aaseya IT Services is said to have become one of the fastest-growing partners of US software company Pegasystems in India. […]
eplus acquires ABS Technology : ePlus, a US-based consultative technology solutions provider, has acquired certain assets and liabilities of Innovative Technology Systems & Solutions (doing business as “ABS Technology”), expanding its geographical presence in the Mid-Atlantic region. Post-acquisition, ePlus will further establish its foothold in commercial accounts, and industry verticals such as healthcare, education, and […]
Global private equity firm OpenGate Capital has acquired a majority stake in US software company InRule Technology which provides a decision management platform and business rules management system (BRMS). The acquisition of a majority stake in InRule Technology marks OpenGate’s fifth investment in 2019 through its second institutional fund. InRule Technology’s BRMS is designed for […]
IBM acquisition of Red Hat : US IT giant IBM has completed its previously announced $34 billion acquisition of North Carolina based open source cloud software provider Red Hat. Under the terms of the deal announced in October 2018, IBM acquired all the shares of Red Hat for $190 in cash. IBM acquisition of Red […]
Keyfactor acquisition of Redtrust : Keyfactor, a provider of secure digital identity management solutions, has acquired Spanish digital identity solutions company Redtrust for an undisclosed price. Redtrust offers centralized certificate and digital signature management, that enables large and medium firms to manage, control and centralize the use of their digital certificates. Commenting on Keyfactor acquisition […]
Hexaware acquisition of Mobiquity : Indian IT consulting company Hexaware Technologies has agreed to acquire US digital consultancy firm Mobiquity for about $182 million. Mobiquity creates digital products for well-known brands across the world such as Amazon Web Services, Wawa, Backbase, Rabobank, Philips, and Otsuka. The digital consultancy firm, which has a global presence in […]
Facebook Chief Executive Mark Zuckerberg is planning to unify the underlying messaging infrastructure of the WhatsApp, Instagram and Facebook Messenger services and incorporate end-to-end encryption into these apps, the New York Times reported on Friday. Pascale Davies reports. Source: reuters