IT industry news : Microsoft CEO Satya Nadella tried to calm growing concerns about facial recognition and other artificial intelligence during a sit-down talk at the World Economic Forum in Davos as experts warned more needs to be done to protect digital privacy. Conway G. Gittens reports. Source: reuters
Mphasis acquisition of Stelligent Systems : Bangalore-based IT services company Mphasis has acquired Virginia-based Stelligent Systems for $25 million in an all-cash deal from HOSTING.com. Based in Reston, Stelligent Systems is a technology services company that offers DevOps automation on the Amazon Web Services (AWS) cloud through DevOps and DevSecOps solutions. Stelligent Systems, which was […]
Procare Software acquisition of Cirrus Group : Procare Software, a provider of child care management solutions, has agreed to acquire Cirrus Group, an online Software-as-a-Service (SaaS) provider of dynamic operational, financial and customer management solutions for childcare facilities, school districts and community education centers. Terms of the Procare Software acquisition of the Michigan-based childcare software […]
Inovalon, a healthcare data analytics company will acquire Ability Network, a Minnesota-based healthcare IT technology company for $1.2 billion to create a vertically integrated major in cloud-based enablement of data-driven, value-based care. Headquartered in Minneapolis, Ability Network provides innovative applications and data analytics to simplify the administrative and clinical complexities of healthcare for both providers […]
Financial service news : Ratings agency S&P Global has signed a deal to acquire Kensho Technologies, a US-based artificial intelligence company for about $550 million. Kensho Technologies, which was founded out of Harvard University about five years ago, also provides machine learning, and data visualization systems in addition to analytics and artificial intelligence to global […]
Oracle acquisition of Zenedge : Oracle has agreed to acquire Florida-based hybrid security company Zenedge for an undisclosed price to add cloud-based network and infrastructure security capabilities to its portfolio. Headquartered in Aventura, Zenedge helps in protecting critical IT systems deployed through cloud, on-site or hybrid hosting environments. The Web Application Firewall (WAF) and Distributed […]