ASX-listed mobile device communications platform provider, MOKO.mobi (ASX: MKB) has announced it has raised over $1 million in capital at a price of $0.10 per share and is in the process of investigating a "significant corporate transaction".
After a hard-fought battle, Cisco has won control of video conferencing leader Tandberg with ownership of 91.1% of the company's shares.
Cisco has raised its bid for Norwegian video conferencing vendor Tandberg to 19 billion Norwegian Kroner (US$3.4 billion), up from $3.0 billion, but says it will raise its price no further.
It started with a cup of coffee between 3Com COO Ron Sege and HP ProCurve chief Marius Haas a year ago.It ended with this week's $US2.7 billion blockbuster acquisition of 3Com by HP. In between were regular dialogue and updates, a demonstration at Interop last May, a technology bake-off in HP labs, and then an offer.
SP Telemedia (SPT) chairman David Teoh has brushed aside concerns TPG and PIPE Networks cultures will clash saying the two have a lot in common.
In an unusually blunt rebuff, the European Commission has dismissed as "facile and superficial" criticism of its decision to issue formal objections to Oracle's planned acquisition of Sun Microsystems.
The European Commission on Monday issued its formal "statement of objections" over Oracle's planned acquisition of Sun Microsystems, saying the deal would harm competition in the database market.
Microsoft plans to acquire technology that has enabled Microsoft's TFS (Team Foundation Server) software to be an ALM (application lifecycle management) server for different software development platforms. The company will purchase Teamprise-related assets from SourceGear. Teamprise software lets Java developers using Eclipse-based IDEs or developers leveraging operating systems including Unix, Linux, and Mac OS X build applications via Visual Studio TFS.
Two investment consulting companies laid out objections to Cisco's US$3 billion offer for Norwegian videoconferencing vendor Tandberg on Friday, saying in an open letter to Cisco and a press interview that the bid undervalues Tandberg.
The majority of S Central staff will retain their jobs following the company’s acquisition by Brennan IT. However, S Central managing director, Peter Mavridis will find no new home at Brennan, the company has confirmed.
Brennan IT has acquired S Central in a deal which will boost the company’s revenues and geographic reach.
Cisco has announced plans to buy privately held ScanSafe, a maker of software-as-a-service (SaaS) Web security services for enterprises and small-to-midsize businesses, for $US183 million.
BMC Software said Monday it has signed a deal to buy London startup Tideway Systems, which makes software for tracking and analyzing IT system components. Terms of the deal, which is expected to be concluded this week, were not disclosed.
Cisco's bid for videoconferencing vendor Tandberg could be in trouble: Stockholders representing 24 percent of the shares in Tandberg do not intend to accept Cisco's US$3.0 billion offer, a Swedish stockbroker said on Thursday.
IT infrastructure provider Avocent Corporation is set to be snapped up by Emerson Electric in a deal worth around US$1.2 billion, or $25 a share.