China approves HP's $1.1 billion buy of Samsung's printer business with curbs

BEIJING (Reuters) – China said on Thursday it has approved HP Inc’s (HPQ.N) $ 1.1 billion purchase of Samsung Electronics’ (005930.KS) printer business with certain restrictions, citing concerns about the U.S. firm’s dominance of the domestic laser printer market. HP announced the deal in September 2016, hoping to disrupt the $ 55 billion copier market […] Read more »

Alibaba raising stake in Cainiao to majority, investing $15 billion to grow logistics

HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd is raising its stake in logistics affiliate Cainiao Smart Logistics Network Ltd to 51 percent from 47 percent by investing 5.3 billion yuan ($ 801.21 million), Alibaba said on Tuesday. Alibaba also said in a statement it will invest another 100 billion yuan ($ […] Read more »

IDG Contributor Network: Red Hat expected to rake in $2.4 billion in revenue this year

The king of Linux, Red Hat, continues its growth as a leading Linux vendor that’s betting big on the cloud. Yesterday, the company announced financial results for its second quarter of fiscal year 2017 ended August 31, 2016. The company generated $ 600 million in revenue for the quarter, a 19 percent year-over-year increase. Red […] Read more »

HPE offloads software arm to Micro Focus in $8.8 billion ‘spin-merge’

Hewlett Packard Enterprise will spin off and merge what it considers its non-core software assets with U.K.-based enterprise software firm Micro Focus in a deal worth $ 8.8 billion, the company said Wednesday. Included in the bundle being offloaded are HPE’s businesses focusing on application delivery management, big data, enterprise security, information management and governance, […] Read more »

Oracle to buy cloud software provider NetSuite for $9.3 billion

Oracle has entered into an agreement to buy NetSuite, which provides cloud-based accounting, enterprise resource planning, customer relationship management, and other business software packages, for $ 9.3 billion. The NetSuite package of products is complementary to Oracle’s cloud products and the companies’ cloud packages will “coexist in the marketplace forever,” Mark Hurd, Oracle’s CEO, said in […] Read more »

Why Microsoft bought LinkedIn for $26 billion, in one word: Cortana

The image above says it all: Microsoft spent $ 26.1 billion to ensure that you’ll never walk into a meeting “cold” again. Picture a typical business trip: meetings all day, drinks at night. A good salesperson knows his or her contacts before he or she steps foot in the door. But that goes for coworkers […] Read more »

Salesforce To Buy Demandware For $2.8 Billion

With its latest acquisition, Salesforce gains an established e-commerce platform to compete in the multi-billion dollar digital commerce industry. InformationWeek: Cloud Related Posts:China approves HP's $1.1 billion buy of Samsung's printer business with curbsGartner Chart Puts Salesforce at Top of Low-Code PlatformsFarmers Insurance Transitions Customer Service With Salesforce Mobile AppIDG Contributor Network: Red Hat expected […] Read more »

Cloud reaches in $110 billion in annual revenues, Synergy says

Nevada-based Synergy Research Group says that across six major markets of cloud computing, the industry reached revenues of $ 110 billion. Synergy predicts that the cloud market is growing at 28% on average, which are some of the most bullish predictions in the industry. +MORE AT NETWORK WORLD: And the cloud provider with the best […] Read more »

Uber investing $1 billion in India, targets 1 million daily rides

Uber Technologies expects to hit over 1 million trips per day in the next six to nine months in India, the largest market outside the U.S. for the ride-hailing company. The company said Friday it was making a new investment of US$ 1 billion in the country over the next nine months. The money will […] Read more »

Global Safe Cities Market to Exceed $226 Billion Between 2015-2020, Says a New Research Report from Homeland Security Research Corp.

Washington DC (PRWEB) June 19, 2015 It is an open secret that the economic prosperity and quality of life of communities, towns and cities depend on the mitigation of crime, terror, man-made and natural disasters. Maturing technologies and changing public opinion lead to major shifts in the Safe Cities Global Market during the forecast period. […] Read more »