After the International Business Machines Corp. (IBM) completed the acquisition of Red Hat for $34 billion earlier this month, a top executive from the iconic software company with an open source development model has...
Symantec ends talks to sell to Broadcom over price: sources
Cybersecurity company Symantec Corp (SYMC.O) has walked away from negotiations to sell itself to chipmaker Broadcom Inc (AVGO.O) over price disagreements, people familiar with the matter said on Monday. Symantec’s...
IBM closes world’s second biggest IT deal to take on Microsoft, Amazon
IBM closed its $34 billion purchase of Red Hat, sealing the world’s second-largest technology deal ever and setting up the iconic U.S. company on a path to try to compete with top software purveyors in the cloud. The...
Mindtree says L&T categorised as promoter with 60.06% stake
IT firm Mindtree on Wednesday said Larsen and Toubro (L&T) has “acquired control” of the company with a 60.06% stake and has been categorised as promoter. The development is significant as the Mindtree...
Broadcom in advanced talks to buy Symantec – sources
Chipmaker Broadcom Inc is in advanced talks to buy cybersecurity firm Symantec Corp, according to sources familiar with the matter, as Broadcom seeks to diversify beyond semiconductors. Shares of Symantec surged 22% in...
HCL Technologies completes acquisition of select IBM products
HCL Technologies has completed the planned acquisition of select IBM products for security, marketing, commerce and digital solutions. Last December, HCL Technologies had announced that it will acquire select IBM...
IBM gains unconditional EU approval for $34 billion Red Hat deal
U.S. tech giant International Business Machines Corp on Thursday won unconditional EU antitrust approval for its $34 billion acquisition of software company Red Hat. IBM is looking to the deal, its biggest to date, to...
Wipro exits WAISL JV, sells stake to Antariksh Softtech for Rs 55 lakh
IT services major Wipro Thursday said it has exited its joint venture WAISL by selling its 11 per cent shareholding to Antariksh Softtech for Rs 55 lakh. In April last year, Wipro had sold 63 per cent of its stake...
Apple buys self-driving car startup Drive.ai
Apple Inc on Tuesday confirmed that it has acquired self-driving shuttle firm Drive.ai. Technology news website The Information reported earlier this month that the iPhone maker was considering acquiring the firm as a...
Capgemini makes big acquisition to compete ‘more aggressively with Accenture’
Capgemini SE said it will acquire Altran Technologies SA in a 3.6 billion-euro ($4.1 billion) deal in order to win more tech clients and keep up with rivals. Paris-based Capgemini is looking to maintain its position as...
Mindtree CEO Ravanan likely to quit after L&T picks majority stake: Report
Mindtree CEO Rostow Ravanan is likely to resign in a few weeks after infrastructure company Larsen and Toubro (L&T) acquired a majority stake in the IT company, sources said. L&T started an unsolicited takeover...
Infosys announces strategic partnership with Toyota Material Handling Europe
IT major Infosys today announced a long term strategic partnership with Toyota Material Handling Europe (TMHE). As an IT services partner, Infosys will help TMHE in its digital transformation journey by facilitating...
