Cisco to acquire BroadSoft for
$ 1.9 billion
THE DEFINITIVE SOURCE FOR INVESTMENT PROMOTION EXECUTIVES
Dell will invest
US$ 1 billion in Internet of Things research & development
it i SOFTWARE I eLECTRONICS i dIGITAL SECURITY i cLOUD SERVICES i tELECOM
Alibaba Group to invest $ 15 billion in R&D over next 3 years
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Alibaba Group to invest US$ 15 billion in R&D over
next 3 years
Alibaba Group Holding Ltd. (“Alibaba Group”) announced the launch of an innovative global research program, “Alibaba DAMO Academy (“Academy”),” which is designed to increase technological collaboration worldwide, advance the development of cutting-edge technology and strive to make the world more inclusive by narrowing the technology gap. With the setup of the Academy, the company expects to invest more than US$15billion in research and development over the next three years.
The Academy, which stands for the “Academy for Discovery, Adventure, Momentum and Outlook,” will oversee the opening of research and development labs worldwide and seek to recruit talented scientists and researchers to join the program. Alibaba Group’s Chief Technology Officer, Jeff ZHANG will be the head of the Academy.
In the beginning, the Academy will focus on the opening of seven research labs in China (Beijing and Hangzhou), the United States (San Mateo and Bellevue), Russia (Moscow), Israel (Tel Aviv) and Singapore. The labs will focus on both foundational and disruptive technology research including data intelligence, Internet of Things (IoT), fintech, quantum computing and human-machine interaction. Within those broad research areas, the labs will focus on topics such as machine learning, network security, visual computing, Natural Language Processing (NLP), etc. In addition, the Academy is currently looking to recruit 100 talented researchers from around the world.
“The Alibaba DAMO Academy will be at the forefront of developing next-generation technology that will spur the growth of Alibaba and our partners. We aim to discover breakthrough technologies that will enable greater efficiency, network security and ecosystem synergy for end-users and businesses everywhere,” said Jeff ZHANG.
Facebook will invest $1 billion in Virginia to build data center and 'multiple' solar facilities
Governor Terry McAuliffe today announced that Facebook will bring more than $1 billion of new investment to the Commonwealth. Facebook is directly investing $750 million to establish a 970,000-square-foot data center in the White Oak Technology Park in Henrico County.
In addition, due to a new renewable energy tariff designed by Dominion Energy Virginia and Facebook, hundreds of millions of additional dollars will be invested in the construction of multiple solar facilities in the Commonwealth to service Facebook’s Henrico Data Center with 100 percent renewable energy.
The project will bring thousands of construction jobs to the region and more than 100 full-time operational jobs. Governor McAuliffe met with company officials about the project on multiple occasions, most recently during his San Francisco Marketing Mission earlier this week.
“I am proud to welcome Facebook to Henrico County, and we look forward to a strong partnership,” said Governor McAuliffe, speaking at the event. “When an industry giant like Facebook selects Virginia for a major operation, it’s proof that our efforts to build an open and welcoming economy that works for everyone are paying off. For many years, Virginia has served as a key hub for global internet traffic, emerging as one of the most active data center markets in the world. Working with companies like Facebook and many others, we are advancing Virginia’s position as a global leader in the technology economy and a world-class home to innovative companies of every size.”
Founded in 2004, Facebook’s mission is to give people the power to build community and bring the world closer together. People use Facebook to stay connected with friends and family, discover what’s going on in the world, and share and express what matters to them.
“Facebook’s decision to locate its newest data center operation in Henrico County is a tremendous economic win for the Commonwealth,” said Secretary of Commerce and Trade Todd Haymore. “Virginia's information technology sector is booming, with nearly $12 billion in capital investment over the past decade and more than 650 data processing, hosting, and related establishments currently employing over 13,500 Virginians. Facebook, with more than 2 billion monthly users, is a powerful addition to the sector, and I commend the entire team who helped bring this company to the Commonwealth.”
Cisco to acquire BroadSoft for US$ 1.9 billion
Cisco, and BroadSoft, announced a definitive agreement for Cisco to acquire publicly-held BroadSoft, Inc., headquartered in Gaithersburg, MD. Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of BroadSoft, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition has been approved by the board of directors of each company.
More and more businesses expect fully featured voice and contact center solutions with the ability to deploy them on premises or in the cloud. By combining BroadSoft's open interface and standards-based cloud voice and contact center solutions delivered via Service Provider partners, with Cisco's leading meetings, hardware and services portfolio, the combined company will offer best-of-breed solutions for businesses of all sizes and deliver a full suite of collaboration capabilities to power the future of work.
The acquisition of BroadSoft reinforces Cisco's commitment to Unified Communications and enhances its ability to address the millions of aging TDM lines poised to transition to IP technology and cloud native solutions over the coming years.
"Cisco recently marked a significant milestone with our 200th acquisition. Acquisitions continue to be a core part of our innovation strategy and over the past two years have helped Cisco accelerate or enter areas such as IoT, application intelligence, AI, hyperconvergence and SD-WAN," said Rob Salvagno, vice president of Cisco Corporate Development. "With the addition of BroadSoft, we expect to accelerate the pace of innovation across our entire collaboration portfolio."
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New "Distributed Core" computing model the basis of IoT strategy
Artificial Intelligence (AI) and machine learning technology to work in concert with IoT infrastructure to deliver smarter, more predictive systems
New Dell Technologies IoT Division to orchestrate development of products and services across Dell Technologies.
New IoT specific products, labs and partner program help customers speed implementation of IoT projects
Dell Technologies to invest $1B in IoT R&D over next three years
Dell Technologies unveiled its Internet of Things (IoT) vision and strategy, a new IoT division as well as new IoT specific products, labs, partner program and consumption models. The announcement underscores Dell Technologies commitment to helping customers realize their digital future by safely navigating the complex and often fragmented IoT landscape.
IoT, a New Distributed Model for Computing
As more and more customers look to digitally transform their business, a new model of computing is emerging. For the last 15 years the IT industry has seen the rise of Cloud Computing, a highly centralized model for delivering IT services. But in an age where every type of device, from phones to cars to oil rigs to robots to heart monitors are alive and intelligent, there is a requirement for a "distributed core" focused on real time processing of information. These devices simply cannot wait for a response from centralized cloud infrastructure that may be 'seconds' away.
Customers have expressed a growing need for one company to pull together complete IoT solutions that can be deployed within their organizations. Dell Technologies' comprehensive approach to IoT is based on leading technology and services and a carefully curated partner ecosystem designed to realize value for customers today and prepare them for the future.
New Dell Technologies IoT Division
The company's new IoT Division will be led by VMware CTO Ray O'Farrell, and is chartered with orchestrating the development of IoT products and services across the Dell Technologies family. The IoT Solutions Division will combine internally developed technologies with offerings from the vast Dell Technologies ecosystem to deliver complete solutions for the customer.
Dell will invest US$ 1 bn in Internet of Things research and development
AI, Robotics and Augmented Reality Technologies are Shaping the Future of Posts and Delivery Companies: Accenture
Digital disruption in the post and parcel industry will see robots and driverless vehicles delivering the mail, augmented reality creating efficiencies in delivery and Artificial Intelligence (AI) making it easier to connect customers to products and services, according to new research from Accenture.
The report, The New Delivery Paradigm, examined delivery and purchasing trends, business practices and analysis of 25 postal organizations and delivery companies conducting business across the Americas, Europe and Asia-Pacific.
One of the key findings: Investments in advanced digital technologies could help generate more than $500 million of value annually for an average post and parcel organization. The right digital strategy also could unlock the potential of 22nd century and last-mile delivery systems and remain relevant in an industry facing not only declining mail volumes but also increased competition for hyper local delivery and a rapidly changing last-mile landscape to fight for growing parcel volumes.
Being digital would mean transforming core operations to enable digital transformation and grow profitability and could include AI, smart collectors, digital warehouses, connected vehicles, connected lockers, augmented workforce and robotic process automation, said Brody Buhler, who leads Accenture’s global post and parcel practice.
“In an era when customers are always connected and are becoming accustomed to a digital customer experience, high-performing posts and parcel organizations need to embrace digital more fully unlock the dynamic potential in advanced technologies to drive every aspect of the business,” Buhler continued.
itelligence announces collaboration with Amazon Web Services for cloud solutions
itelligence AG, an international full-service provider of SAP solutions, announced its strategic decision to collaborate with Amazon Web Services (AWS) in its global operations with the aim of bringing customers solutions to migrate, implement, monitor, manage and optimize workloads running on the SAP HANA® platform, SAP Hybris® Commerce and SAP S/4HANA® on AWS.
The joint itelligence and AWS solutions include complete migrations of SAP S/4HANA and other SAP solutions to AWS and fully managed services by itelligence on AWS. As a starting point and for special scenarios, proofs of concepts on any SAP solution with AWS services are available.
Norbert Rotter, President and CEO of itelligence AG and NTT DATA Business Solutions: “Companies are being challenged to take the lead when it comes to digitalizing their business and are looking for reliable methods to migrate their workloads running in SAP software to public and hybrid cloud solutions. Our focus on SAP software, including SAP S/4HANA migrations and managed cloud solutions, along with our work with AWS, supports faster deployments to the cloud and helps accelerate customers’ digital transformations.”
The solutions will enable clients to seamlessly integrate AWS services into their strategy for running SAP software and run end-to-end managed services for SAP S/4HANA on AWS. For web-focused eCommerce platforms like SAP Hybris Commerce, itelligence and AWS provide a joint solution with increased flexibility. Options of packaged proofs of concepts and smooth switching between itelligence and AWS enable customers to quickly see their future state and to free up valuable resources to focus on innovation.
Lars Janitz, Executive Vice President, Head of Global Managed Services at itelligence AG: “With the ever-increasing relevance of SAP S/4HANA in both public and hybrid cloud solutions, our clients are expecting secure, hybrid, hyperscale solutions. This exciting collaboration between itelligence and AWS joins hyperscale cloud capabilities and expertise in SAP S/4HANA. itelligence brings full end-to-end managed services for SAP S/4HANA on AWS.”
Equinix Inc., the global interconnection and data center company, announced the opening of its newest International Business Exchange™ (IBX®) data center at its Ashburn campus in Virginia. Named DC12, the $98.5M facility supports the growing demand for interconnection capacity to enable enterprises and government agencies to address new opportunities in the digital economy. The first phase of DC12 will add 1,500 cabinets and more than 57,800 gross square feet of data center space, and provides campus cross-connectivity. At full build, the facility will provide capacity for approximately 3,000 cabinets. With the addition of DC12, Equinix now operates 14 IBX data centers in the Washington, D.C. area.
The Ashburn campus is a major communications gateway to Europe and the largest internet peering point in North America. The DC12 IBX data center offers access to a dense mix of top global networks, cloud service providers, digital content companies and social media platforms, offering enterprise and government agency customers the ability to interconnect with partners and customers to quickly and efficiently exchange critical operational data.
Since its founding, Equinix has invested nearly $1 billion to build and expand its presence in the Washington, D.C. metro area, which is the world's largest concentration of data centers. Equinix has purchased four additional parcels of land spanning 34.5 acres for future expansion as needed.
The addition of DC12, which features a flexible data center layout, provides capacity to meet the growing need for interconnection, multi-cloud deployments, and connectivity to network and content services. It is part of the Equinix Ashburn campus in Northern Virginia, one of the most network-dense Equinix locations worldwide and a strategic communications hub for the eastern United States. Customers can choose from a broad range of network services from more than 200 providers as well as the leading cloud platforms including AWS, Microsoft Azure, Google Cloud Platform, Oracle Cloud and others through the Equinix Cloud Exchange™ and direct connect services.
In addition to its Washington, D.C. area data centers, Equinix also operates a data center campus in Culpeper, VA, that was acquired earlier this year from Verizon. Strategically located 60 miles from Washington, D.C., the Culpeper campus is another ideal location for government agencies seeking interconnection to key partners within one of the most secure and technologically sophisticated data center campuses in the eastern U.S. Designed to meet the highest government standards, these IBX data centers accelerate Equinix relationships in the government sector, complementing the Ashburn campus and strengthening Equinix as a platform of choice for government services and service providers.
The Global Interconnection Index, a market study published recently by Equinix, found the U.S. to be the largest and most advanced region for private traffic exchange, with the Ashburn area hosting the largest concentration of network participants and becoming a hotbed for most of the world's internet traffic. The Washington, D.C. metro area also represents one of the four largest interconnection metros in North America, and is forecasted to see Interconnection Bandwidth growth of 39% annually, to 323 Tbps by 2020.
Equinix has a long-term goal of using 100 percent clean and renewable energy for its global platform, and continues to make advancements in the way it designs, builds and operates data centers with high energy-efficiency standards. The design elements for DC12 represent the green standard for all future Equinix IBX data center builds. DC12 will be a LEED Gold Certified building. It is expected to meet the strict water reduction standards, and will feature state-of-the-art indirect evaporative cooling (IDEC) technology which dramatically reduces water use.
Equinix expands in Washington, D.C. with New Data Center
First Data Corporation, a global leader in commerce-enabling technology and solutions, announced that it has entered into a definitive stock purchase agreement for First Data to acquire BluePay Holdings, Inc. (“BluePay”) from current owners, including TA Associates and BluePay management, for $760 million in cash, subject to adjustments. The transaction is expected to be modestly accretive in the first full year post-closing, before expected synergies.
BluePay, a provider of technology- enabled payment processing for merchants in the U.S. and Canada, is one of First Data’s largest distribution partners with a strong focus on software-enabled payments and Card-Not-Present transactions. BluePay processes approximately $19 billion of annual volume for more than 77,000 merchants and is integrated into more than 450 software platforms. The company has software integration solutions that complement those offered through First Data’s CardConnect business.
“BluePay is a long-standing First Data distribution partner with an excellent track record of innovation and growth. We are pleased to add BluePay’s unique capabilities and its talented team to the First Data family,” said First Data Chairman and CEO, Frank Bisignano. “We believe BluePay’s best-in-class integrated Card-Not-Present solutions, combined with CardConnect’s cutting-edge ISV product suite acquired earlier this year, clearly sets First Data apart from the competition in the high growth integrated payments space.”
“This is an exciting day for BluePay as this transaction presents a great opportunity to join an outstanding global organization like First Data,” said BluePay Executive Chairman, John Rante.
First Data to acquire BluePay for $760 million
Eurofins Digital Testing, a global leader in end-to-end quality assurance and testing services, announced that it has acquired My Eye Media to strengthen its ability to help serve multiplatform TV and video service providers, including studios, programmers, broadcasters, OTT providers and operators around the globe. Financial terms were not disclosed.
Eurofins Digital Testing is a leader in end-to-end quality assurance (QA), providing test tools, test services and training to validate digital media services, devices and content for service providers worldwide. It is part of the larger Eurofins Group, a leading provider of multi-industry analytical services, with an international network of 375 laboratories across 41 countries, over 30,000 staff members, and sales of over 2.54 billion euros (approx. 2.98 billion dollars) in 2016.
My Eye Media is a leader in quality assurance, technical analysis and testing of digital content for the motion picture industry and is a Netflix preferred vendor. The companies have already started collaborating on the integration of My Eye Media's digital Storefront Testing and Online Retail Monitoring (STORM) platform with Eurofins Digital Testing's suite of products and services aimed at ensuring quality-of-service for service providers.
As part of the acquisition, Eurofins Digital Testing gains its first major foothold in the U.S. with offices in Burbank, California and New York, as well as additional locations in Warsaw and Tokyo. Similarly, My Eye Media is now better positioned to continue its global expansion of localized content testing services under the Eurofins Digital Testing umbrella. The company is retaining My Eye Media's team of approximately 80 people, and Michael Kadenacy, CEO and Founder of MyEyeMedia, will remain with the company as President, reporting to Johan Craeybeckx, Business Line Director, Eurofins Digital Testing International.
"My Eye Media is a pioneer in addressing the technical intricacies required for testing digital motion picture content," said Johan Craeybeckx, Business Line Director, Eurofins Digital Testing International. "With this acquisition, we will collaborate with My Eye Media to expand our capabilities to meet the evolving needs of studios, OTT providers, cable and satellite operators, and content owners around the world. Michael and his team have built a remarkable company, and we look forward to extending their capabilities in the U.S. and across the globe."
Eurofins Digital Testing Acquires U.S.-Based
My Eye Media
Equinix, Inc., the global interconnection and data center company, announced that it has acquired the Zenium data center business in Istanbul from the existing shareholders in an all-cash transaction for US$93 million. The data center currently generates approximately US$2.5 million of annualized revenues.
The Zenium data center, which will be renamed Equinix IS2, will further strengthen the Equinix position in Europe. As the largest metro in Turkey, Istanbul acts as a strategic gateway between Europe and Asia with critical economic and geopolitical importance. IS2 provides Equinix with key capacity and a growth path which enables the company to address growing demand for colocation and interconnection services in Turkey.
According to the International Monetary Fund, Turkey has the world's 17th-largest nominal GDP1 and a population of approximately 80 million people. The acquisition of IS2 extends Equinix's ability to provide Turkish businesses with the direct and secure connectivity they need to expand their global reach in new and existing markets. Equinix currently operates a single facility—IS1—in Istanbul, and has 67 International Business Exchange™ (IBX®) data centers across Europe and the Middle East, strategically located in 18 metropolitan areas across 13 countries.
The purchase of the Zenium business includes a total of three buildings and land. The IS2 data center building is partially fitted out; the two other buildings are shell and core and prepared for data center fit out. IS2 provides Equinix with 1,500 square meters of colocation space today with the ability to increase this to 12,000 square meters and up to 22MW of critical customer load at full build—creating the ability for a future campus environment.
There are 10 networks, including Turk Telecom, already present at the new IS2 data center, providing network choice to the many multinationals, hyperscalers and IT vendors who use Istanbul as a regional headquarters or a gateway to markets in Asia and the Middle East. This connectivity is the foundation for cloud adoption, as enterprises continue to increase IT consumption of cloud-related services to accelerate business performance.
According to the Global Interconnection Index, which measures and forecasts the growth of Interconnection Bandwidth, Europe is expected to grow 44% per annum to reach 1451 Tbps of installed capacity by 2020. Europe's growth will be driven by a number of factors, including data sovereignty and the need for European businesses to exchange information with other businesses in-region.
Istanbul is a key traffic route for submarine cables between Europe, Asia and Africa. These cable systems enable accelerated traffic globalization and data consumption, as well as rapid growth of cloud and online services. They are increasingly important for industries that rely on low-latency connectivity, such as the online gaming and CDNs — many of which already use Istanbul as a regional hub today.
Equinix currently operates more than 180 IBX data centers in 44 markets, providing customers even more ways to connect with other businesses around the world on Platform Equinix™.
Slaughter and May acted as lead external legal advisor for Equinix. RBC Capital Markets served as Zenium's financial advisor.
Equinix acquires Zenium's Istanbul data center for US$ 93 million
bpost announces the acquisition of Radial
for US$ 820 Mn
bpost announces, the acquisition of US-based company Radial, to expand offerings and accelerate the development of bpost’s e-commerce logistics solutions. The acquisition leverages Radial’s e-commerce service, expertise and scale with bpost to provide an industry-leading cross-border value proposition for its customers in Europe and North America.
Radial is a leading provider of integrated e-commerce logistics and omnichannel technology solutions, headquartered in King of Prussia, Pennsylvania (USA). In 2016, Radial fulfilled over 306 million units for its retail customers, across 24 fulfillment centers. Radial is largely ahead of its peers in terms of scale, geographic coverage and breadth of services. In addition to gaining an important foothold in the US, this acquisition brings a distinctive set of expertise and capabilities from the advanced e-commerce market. Radial also offers integrated services such as payment, tax and fraud protection services, fulfillment and customer care for brands and retailers.
The expected normalized annual revenues of Radial for 2017 are forecasted between $970 and $1,020 million. The expected normalized EBITDA is forecasted to be between $65 and $70 million in 2017.
In light of e-commerce growth, the development of parcel logistics is one of the most promising areas in a new digital world. bpost continues to deliver on innovation in this sector with the acquisition of Radial. bpost seeks to capture the fast-growing e-commerce logistics supply chain by enabling a strong cross-border value proposition for its customers. With Radial, bpost will build upon its successful US-based Landmark Global business to scale its presence in one of the largest e-commerce countries and expand bpost’s product offering throughout the entire value chain in e-commerce logistics.
IER - Digital Economy evolving at different speeds in Asia-Pacific: UNCTAD
Asia-Pacific economies play a central role in the evolving digital economy, as producers as well as consumers. At the same time, many Asian and Pacific Island States remain relatively unprepared for the new digital era. In its Information Economy Report 2017: Digitalization, Trade and Development, UNCTAD calls for concerted effort to ensure that no-one is left behind as a result of digitalization.
Underlining the region's important place in the digital economy is the fact that 42 of the 135 largest digital economy corporations by market capitalization are based in Asia.
“The Asia-Pacific region accounts for about 74 % of world exports of information and communications technology (ICT) goods, led by China, which exported such products to a value of more than US$600 billion in 2015”, says Shamika Sirimanne, Director of the Division on Technology and Logistics at UNCTAD
Meanwhile, India is a giant in terms of computer software service exports, which amounted to US$53 billion in 2016, three times higher than those of the United States.
E-commerce is also growing fast in Asia. Three of the four largest national e-commerce markets in the world are in this region: Japan, China and the Republic of Korea, and China boasts the world’s largest market for business-to-consumer e-commerce. The region has witnessed the emergence of some major e-commerce platforms (box 1). Data from the Universal Postal Union (UPU) on the volume of international postal traffic furthermore show that developing countries, especially in the Asia and the Pacific are becoming increasingly important participants in cross-border trade. Their share in global postal deliveries sent abroad rose from 26%to 43% between 2011 and 2016. During this period, global deliveries of small packets, parcels and packages more than doubled, likely due to e-commerce.
TCS Global Trend Study on Artificial Intelligence reveals industry wide investment by 2020
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, unveiled the industry findings of its Global Trend Study titled, “Getting Smarter by the Sector: How 13 Industries Use Artificial Intelligence.” Focusing on the current and future impact of Artificial Intelligence (AI), the study polled 835 executives across 13 global industry sectors in four regions of the world, revealing that they all identified artificial intelligence as increasingly important to their strategic competiveness by 2020.
According to the study, 80% of executives in all 13 industries currently invest in AI and almost 100% plan to invest by 2020. The insurance industry outspent the other twelve verticals surveyed, investing on average $124 million in AI systems, compared to a cross-industry average of $70 million. Consumer packaged goods reported the second most significant spend at $95 million.
Looking ahead to 2020, AI continues to be seen as a long term strategic bet, with ten of the 13 industries planning to increase their investments in AI. The increases are most dramatic among industries with the lowest current investment levels, including the travel, transport and hospitality industry, which plans to increase its spend by 750%, from $4 million in 2015 to $34 million to 2020. This is followed by rises in media, entertainment and information services (292%), industrial manufacturing (74%), healthcare (44%), and banking and finance (29%).
IBM Acquires Vivant Digital Business in Australia
IBM, announced its intention to acquire Vivant Digital business (Vivant), a boutique digital and innovation agency based here. This acquisition extends the strategy and design expertise of IBM iX, one of the world’s largest digital agencies and global business design partners, with Vivant talent and expertise to accelerate clients’ digital transformations.
The CEO and founder of Vivant, Anthony Farah, will also take the role of Digital Strategy & iX Leader for IBM Australia and New Zealand.With close to a decade of innovation consultancy experience, Vivant has established a strong reputation for its design philosophy and innovative approach, using insights from behavioural science, data and technology for Australian start-ups and corporates, primarily in the financial services and distribution industries.
“Customer experience is a critical element as our clients develop their business strategy,” said Paul Papas, Global Leader, IBM iX. “IBM shares a similar design, consulting and management philosophy with Vivant, and our combined teams will raise the bar for experience-led, design driven, digital reinvention.”
Together IBM iX and Vivant, based in Sydney and Melbourne, will address the growing need of clients seeking transformation though innovative digital business models and bold customer experiences.
“This is an exciting direction for Vivant clients and employees. We now have scale and greater opportunity to address the growing needs of CEOs and innovation leaders willing to disrupt the market by seeking out new business models” said Anthony Farah. “We see it as converging the best of big with the best of small."
Microsoft, announced that it is further investing in Ireland through the expansion of its Dublin based EMEA Inside Sales organisation with the creation of 200 new jobs. The Company announced in February that Dublin had been selected as the location for the new EMEA Inside Sales organisation. This led to the immediate creation of 500 new jobs, 80% of which have already been filled and with recruitment well advanced for the remaining positions. The 200 additional roles announced today reflect the rapid expansion of the organisation. Once this second phase of recruitment is complete, it will bring Microsoft’s overall employee numbers in Ireland to 2,000.
Microsoft is seeking applications for Technical and Solutions Sales Specialists as well as those with language capabilities to help create and deliver solutions that will empower a broad range of customers across the EMEA region to achieve more. The company is also recruiting individuals with leadership experience to help build the organisation and to support the growing teams of talented digital sellers.
Speaking at today’s announcement, An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgeraldsaid: “I welcome the announcement that Microsoft is adding 200 new roles to the Inside Sales organisation just six months after the investment was first announced. It demonstrates the opportunities that can be created for Ireland from our existing employers and investors, and illustrates that the talent is available in Ireland for these types of jobs and for employers. A key priority for this Government and my Department is to ensure that high technology companies, such as Microsoft, have the right business environment to develop and expand. I am confident that Microsoft will be able to source the talent necessary, as a result of the Government's commitment to pursuing skills availability for our high technology industries. I wish them continued success as it deepens its commitment even further in Ireland.”
Microsoft announces the creation of 200 new jobs in Dublin
Mastercard and PayPal Expand Digital Partnership Globally
Mastercard, and PayPal, announced a significant expansion of their longstanding partnership into Canada, Europe, Latin America and the Caribbean and the Middle East and Africa to enhance customer choice, optimize the consumer experience and make Mastercard a clear payment option within PayPal across the globe. With the addition of these markets – and following the recent expansion of their partnership into the U.S. and Asia Pacific – Mastercard and PayPal have now reached a global agreement.
Similar to previous agreements, the global expansion will create a number of joint growth opportunities that will advance Mastercard and PayPal’s shared vision to offer consumers greater choice and flexibility to manage and move their money:
PJSC MTS, the leading telecommunications provider in Russia and the CIS, announces the acquisition of a 50.82% stake in the Russian retail software developer Oblachny Retail LLC, operating under its trademark name LiteBox. The transaction is priced at RUB 620mln and includes the repayment of a RUB 30mln loan, RUB 420mln of investments in business development as well as a payment of RUB 170mln to the founders. The deal allows MTS to enter the cloud-based cash register market as a fully licensed fiscal data operator (FDO) and a provider of integrated digital cash management solutions for B2B clients.
MTS also entered into an option agreement with the shareholders of the developer, under which MTS has the right and obligation, at the request of minority shareholders, to redeem their shares at a price based on the company's results for 2019.
Kirill Dmitriev, Vice President, Sales and Customer Service, commented:
"Recent government initiatives and the development of digital technologies have radically transformed the market for cash services in Russia. Due to tight legislative deadlines, the transition to digitally enabled on-line cash registers will be very rapid. The current low level of cash register computerization prevalent among small and medium businesses creates a solid base for accelerating growth in this market.
Combining MTS’ excellent position in cloud computing and strong fintech development credentials with its comprehensive mobile internet coverage, MTS can leverage the Oblachny Retail acquisition to take a leading role in the service automation market for small and medium enterprises. In the near future, with the help of MTS, all businesses will have access to a low-cost mobile system for handling cash with reliable Internet access.
MTS Acquires Online Cash Register Start-up LiteBox
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