it i SOFTWARE I eLECTRONICS i dIGITAL SECURITY i cLOUD SERVICES i tELECOM
FOREIGN DIRECT INVESTMENTS AND M&A REVIEW
THE DEFINITIVE SOURCE FOR INVESTMENT PROMOTION EXECUTIVES
Google and HTC announce US$ 1.1 billion Cooperation agreements
Oracle and Mitsubishi Electric IoT collaboration
NetSuite expands business operations in South Africa
Apple to invest US$ 1.3 billion to build Iowa Data Center
GE-HPE digital solutions partnership in MEA & Turkey
Alibaba Group to invest US$ 15.2 bn in logistics network
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Alibaba Group to invest US$ 15.2 billion to expand its Logistics Network
Alibaba Group Holding Limited announced that as a further step to implement its New Retail strategy, the company has agreed to make an additional investment of US$807 million to increase its ownership of Cainiao Smart Logistics Network Limited ("Cainiao"), the logistics affiliate of Alibaba, to a majority stake of 51%. Alibaba also announced its intention to invest RMB100 billion (US$15.2 billion) over the next five years to further strengthen its global logistics network that aims to realize its mission of fulfilling orders in China within 24 hours and within 72 hours anywhere in the world. These investments are expected to enhance the overall logistics experience for consumers and merchants across the Alibaba ecosystem, as well as to enable greater efficiencies and lower costs in China's logistics sector.
Upon completion of the transaction, Alibaba's stake in Cainiao will increase from 47% to 51%, and Alibaba will gain one additional new seat on Cainiao's board of directors, increasing its board representation to four out of seven seats.
The additional investment of RMB100 billion (US$15.2 billion) over the next five years will be used to increase R&D in logistics data technology, as well as for development of smart warehousing, smart delivery and global logistics infrastructure, all of which are core to building the global logistics network of the future.
"Our goal with this investment is to provide comprehensive, first-class experience for consumers globally," said Daniel Zhang, CEO of Alibaba Group. "Our commitment to Cainiao and additional investment in logistics demonstrate Alibaba's commitment to building the most-efficient logistic network in China and around the world. By enhancing the logistics capabilities within the Alibaba ecosystem and extending our investment in this sector, we are further enabling our New Retail strategy to bring online and offline retail into one seamless experience for shoppers. We will also continue to deepen our collaboration with various logistics partners to achieve this goal."
Shenzhen Suishou Technology Co. a leading personal finance management platform in China, and global investment firm KKR announced the signing of a definitive agreement under which KKR will invest in Suishou's Series C funding round to support the Company's expansion across China.
Suishou's partnership with KKR expands the Company's group of world-class investors, which include Sequoia Capital, Fosun Group and Source Code Capital.
Suishou enables individuals to better manage their personal finances by providing them with a one-stop mobile destination to track spending, organize budgets, and manage credit card usage. Suishou's popular mobile applications include personal bookkeeping app Suishouji (随手记) and fully automated credit card manager Cardniu (卡牛). The Company's apps have been downloaded over 300 million times, making it the largest mobile personal finance management platform in China.
Much of the Company's success stems from China's growing middle class and rising urbanization. With these favorable demographic changes, disposable incomes of urban consumers have been expected to double between 2010 and 2020, according to McKinsey. As these consumers have become wealthier and more focused on their personal finances, there has been a growing demand for resources to help them manage their planning and budgeting.
Gu Feng, CEO of Suishou, said, "We are very excited to work with a high-caliber partner like KKR, which shares our vision for growth and can leverage its experience in China and the financial services and technology industries to support our expansion. The Suishou team is excited to build on our success as China's most-used personal finance management platform and enhance the lives of hundreds of millions of users who increasingly seek solutions to manage their budgets and achieve financial independence."
KKR invests in Shenzhen Suishou Technology
SAP to Acquire Gigya
SAP SE announced it has entered into an agreement to acquire Gigya, a market leader for customer identity and access management. Major independent analyst firms, most recently Forrester Research,1 have positioned Gigya as a top vendor in this field.
Gigya’s customer identity and access management platform helps companies build digital relationships with their customers. Its platform allows companies to manage customers’ profile, preference, opt-in and consent settings, with customers maintaining control of their data at all times.
Gigya’s technology provides new capabilities to consumers across channels and touch points, builds rich intelligent profiles and creates a consent-based approach to personalization across sales, service and marketing. Gigya, an SAP Hybris2partner since 2013, has customers already using a solution extension from SAP Hybris and Gigya. This acquisition will enable the teams to further build upon this existing strong relationship.
“Gigya brings a wealth of skills and expertise that will significantly enhance the SAP® Hybris® Profile solution and allow us to take leadership of the emerging customer identity and access management market,” said Carsten Thoma, president and cofounder of SAP Hybris. “Consumer trust is the main currency to succeed for customer-driven organizations. This is what Gigya is known and recognized for.”
Oracle NetSuite, one of the world’s leading providers of cloud- based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, announced the expansion of business operations in South Africa. With the support of Oracle’s global resources behind it, NetSuite has added a dedicated sales team and new leadership; new solution provider partners to strengthen its existing partner ecosystem; and new customers such as Jasco and ElectroMechanica on NetSuite OneWorld. This expansion is in response to the increasing demand for cloud ERP in the region from fast growing, innovative and emerging international businesses.
“South Africa and the region, as a whole, represent the next great opportunity for NetSuite,” said Mark Woodhams, Oracle NetSuite Vice President EMEA. “Today’s announcement is further proof that, with the global resources of Oracle behind us, we can now scale rapidly and better serve the needs of the region.”
NetSuite Bolsters Direct Sales Team and Leadership
NetSuite is extending its focus in South Africa and in the surrounding region with the addition of a dedicated sales team and country manager.
The dedicated sales office will be led by Khaled Ismail, Vice President, Oracle Digital Application Business, East, Central Europe, Middle East and Africa (ECEMEA), who will manage sales and marketing strategy for the region. In this role, Ismail will manage an organization of 250 sales professionals with almost 20 managers and directors. He will also be directly responsible for all the supporting functions working for ECEMEA OD from pre-sales, sales development, marketing and customer success.
NetSuite expands business operations in South Africa
Ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy-makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity, according to data from the World Economic Forum’s Global Competitiveness Report 2017-2018.
For the ninth consecutive year, the report’s Global Competitiveness Index (GCI) finds Switzerland to be the world’s most competitive economy, narrowly ahead of the United States and Singapore. Other G20 economies in the top 10 are Germany (5), the United Kingdom (8) and Japan (9). China is the highest ranking among the BRICS group of large emerging markets, moving up one rank to 27.
Drawing on data going back 10 years, the report highlights in particular three areas of greatest concern. These include the financial system, where levels of “soundness” have yet to recover from the shock of 2007 and in some parts of the world are declining further. This is especially of concern given the important role the financial system will need to play in facilitating investment in innovation related to the Fourth Industrial Revolution.
Another key finding is that competitiveness is enhanced, not weakened, by combining degrees of flexibility within the labour force with adequate protection of workers’ rights. With vast numbers of jobs set to be disrupted as a result of automation and robotization, creating conditions that can withstand economic shock and support workers through transition periods will be vital.
The Global Competitiveness Report 2017-2018: WEF
Google and HTC Corporation (nnounced a definitive agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive US$1.1 billion in cash from Google as part of the transaction. Separately, Google will receive a non-exclusive license for HTC intellectual property (IP).
The agreement is a testament to the decade-long strategic relationship between HTC and Google around the development of premium smartphones.
This agreement also supports HTC’s continued branded smartphone strategy, enabling a more streamlined product portfolio, greater operational efficiency and financial flexibility. HTC will continue to have best-in-class engineering talent, which is currently working on the next flagship phone, following the successful launch of the HTC U11 earlier this year. HTC will also continue to build the virtual reality ecosystem to grow its VIVE business, while investing in other next-generation technologies, including the Internet of Things, augmented reality and artificial intelligence.
For Google, this agreement further reinforces its commitment to smartphones and overall investment in its emerging hardware business. In addition to the talented and experienced team of professionals, Google will continue to have access to HTC’s IP to support the Pixel smartphone family. Additionally, this agreement also represents a significant investment by Google in Taiwan as a key innovation and technology hub.
“As a pioneer of the smartphone market, we are very proud of our history of innovation. Our unmatched smartphone value chain, including our IP portfolio, and world-class talent and system integration capabilities, have supported Google in bolstering the Android market,” said Cher Wang, Chairwoman and CEO of HTC. “This agreement is a brilliant next step in our longstanding partnership, enabling Google to supercharge their hardware business while ensuring continued innovation within our HTC smartphone and VIVE virtual reality businesses. We believe HTC is well positioned to maintain our rich legacy of innovation and realize the potential of a new generation of connected products and services.” Read more...
Google and HTC announce US$ 1.1 billion
IBA Group unveils new office in Prague
IBA Group announced the opening of its new premises in Prague, Czech Republic. The premises are intended for IBA CZ, the Czech-based development center of IBA Group.
Numerous high-profile guests, including IBA Group’s customers, partners, and government officials attended the opening ceremony. The event’s program included a ribbon-cutting ceremony, welcome addresses, and tours of the new premises, both virtual and real, a fingerstyle guitar concert, and a molecular gastronomy show.
Sergei Levteev, IBA Group Chairman and Aleš Hojka, Managing Director of IBA CZ cut the ribbon to inaugurate the opening.
Addressing the audience, Mr. Hojka said: “Moving into a larger space was a necessity for us because the capacity of the former space was no longer sufficient. We are growing in all areas of our portfolio to provide our customers with the solutions that best suit their needs. We can also organize company events in our office and are very excited to explore the new opportunities“.
According to Mr. Levteev, IBA Group applies the Agile methodology when building its infrastructure. “Today, Agile is a popular software development methodology. We at IBA began using Agile long before the term was coined. We believe that people working on the same project should see each other. Communication via email or phone is not enough. Last year, we created an infrastructure for more than 1,500 people in Minsk and Gomel. Today, we are doing the same in Prague. We provide a comfortable environment for our employees, and stable teams and high quality and timely project delivery for our customers. Our today’s event is yet another prove that we continue following our principles, which are now called the Agile methodology,” he concluded.
IBM Ranked No 1 Blockchain Technology Leader
A new study from Juniper Research has found that IBM is clearly regarded as having the strongest credentials in the blockchain sector, well ahead of competitors.
Blockchain Technology Leaders
Almost 400 company founders, executives, managers and IT leaders responded to Juniper’s Blockchain Enterprise Survey.
Amongst enterprises either actively considering, or in the process of deploying blockchain technology, more than 4 in 10 (43%) ranked IBM first - more than twice the proportion selecting second-placed Microsoft (20%).
According to the study, this reflected IBM’s high-profile R&D engagement with initiatives such as Hyperledger and its extensive list of blockchain clients across an array of key verticals and use cases, including banking, asset tracking and the music industry.
Read more in Juniper’s complimentary whitepaper, ‘Which Industries are the Best Fit for Blockchain?’
Initial Blockchain Tests Spur Further Investment
Amongst respondents who were prepared to state their levels of investment in blockchain, more than two-thirds (67%) stated they had already invested more than $100,000 by the end of 2016, while 91% of these companies confirmed that they would be spending at least this amount in 2017. The study stated that this suggested most initial investments had delivered results that were sufficiently encouraging for companies to pursue more extensive trials and/or integrations. Read more...
RoviSys announces opening of a new office in Taiwan
RoviSys, a leading independent provider of comprehensive process automation, systems integration, and building management solutions, announced the opening of an office in Taipei, Taiwan. This new location allows RoviSys to better support existing customers in Taiwan and the Greater China region, while developing new relationships in the region. Located in the Neihu area of Taipei, the office allows for convenient access to rail and air transportation, which supports quick response time and localized support to customers.
“RoviSys has been supporting customers in Taiwan for more than 10 years, and has recently seen an increased demand for localized support both within Taiwan and Greater China. A presence in Taiwan allows us to provide improved support to existing customers, while expanding our footprint in the region. Maintaining the competitive rates and high quality standards that have driven our growth will continue,” explained Bill Hurder, Managing Director Asia-Pacific. “The automation industry in Taiwan is a mature industry, however, a strong interest in higher levels of automation and a desire to do more with existing systems, has emerged. RoviSys is uniquely suited to support these efforts, leveraging our vendor independence and seeking out technologies that fit specific requirements for each plant and project.” Read more...
GE, signed a strategic partnership agreement with Hewlett Packard Enterprise that will bring GE Digital’s breakthrough digital industrial solutions at scale to the Middle East, Africa & Turkey. The three-year agreement with HPE, is the first collaboration of this scale and scope in the region, and will focus primarily on cyber security solutions in Operational Technology, with the potential to move into other digital solution in the future.
One of the first solutions this partnership will focus on is OpShield from GE Digital. OpShield was created specifically to protect critical infrastructure, drawing on years of embedded device testing and assessments of hundreds of industrial facilities. The solution reduces risk of cyber-related unplanned downtime; improves asset protection from cyber-related damage; helps safeguard protected health information (PHI); reduces risk of damage to reputation and intellectual property theft due to cyber incidents; and increases customers’ confidence to connect and optimize assets.
To enable this outreach, the HPE Partner Ready Program (recognized as the industry’s number one partner program in EMEA) will ensure that more than 340 HPE specialists and Channel Partner technical and sales resources will be trained and certified on GE Digital solutions to deliver the solution on HPE storage and server infrastructure. In addition, HPE’s own security capabilities for information technology infrastructure will complement the solutions provided by GE for the operational technology environment.
GE signs Partnership Agreement with HPE for Digital Solutions across Middle East, Africa & Turkey
Alibaba & Mexico signs MoU to promote Mexican products through E-Commerce in China
In a ceremony at Alibaba Group's headquarters, Alibaba Group’s Executive Chairman Jack Ma and Mexico’s President Enrique Peña Nieto witnessed the signing of a Memorandum of Understanding (MoU) designed to promote Mexican products and assist companies seeking to tap into the dynamic Chinese economy through e-commerce. Alibaba Group President Mike Evans and Undersecretary of Industry and Commerce of the Ministry of Economy of Mexico José Rogelio Garza were the signatories of the MoU.
Under this agreement, Alibaba will work closely with the Ministry of Economy of Mexico to help Mexican Small and Medium-sized Enterprises (SMEs) expand into international markets, in particular China, starting with a tailored program for them to benefit from the company’s B2B trading platform, Alibaba.com. Alibaba, together with its ecosystem partners, will also share expertise in logistics and payment platforms in order to enhance the cross-border e-commerce capabilities of Mexican SMEs and to attract Chinese tourists to Mexico.
Alibaba will also share with Mexican SMEs international best practices related to digital transformation and e-commerce trends. Specialized training will focus on key areas including e-commerce, digital payments, logistics and analytics that drive consumer insight, product innovation and rural development in China. This is an effort to create a more inclusive world by helping SMEs and entrepreneurs to better reap the benefits of globalization by leveraging e-commerce and learning from Alibaba’s experience in China.
“Alibaba is one of the world’s largest technology companies with a sophisticated e-commerce ecosystem and a remarkable reach of more than 500 million active annual consumers globally,” said President Peña Nieto.
Airtel partnership with South Korea’s SK Telecom to build 5G network for India
Bharti Airtel, India’s largest telecommunications services provider, and SK Telecom, Korea’s largest telecommunications company and a world leader in building cutting edge networks, announced a strategic partnership under which, Airtel will leverage SK Telecom’s expertise to build the most advanced telecom network in India.
The partnership will work across several areas including developing bespoke software to dramatically improve network experience, leveraging advanced digital tools including machine learning, big data and building customized tools to improve network planning based on every customer’s device experience. The capacity to identify, monitor and deliver improvements to the network experience on an individual device basis will be a first in India, helped by SK Telecom’s global leadership in this area.
The two companies will also collaborate on an on-going basis to evolve standards for 5G, Network Functions Virtualization (NFV), Software-defined Networking (SDN) and Internet of Things (IoT), and jointly work towards building an enabling ecosystem for the introduction of these technologies in the Indian context.
“Strong partnerships have been a hallmark of Airtel’s growth journey and we are proud to have always looked ahead to bring the latest technology to India. With SK Telecom’s clear and undisputed leadership in technology, this is one partnership that will decisively change the game in India and put the country at par with the most advanced broadband nations in the world.” added Sunil Bharti Mittal.
OpenText, a global leader in Enterprise Information Management (EIM), announced that it has completed the closing of the previously announced acquisition of Guidance Software, the makers of EnCase, the gold standard in forensic security, that includes digital discovery solutions and endpoint information security.
“Information security, forensics and discovery are critical components as companies compete in the digital economy,” said Mark J. Barrenechea, OpenText CEO and CTO. “The acquisition of Guidance Software underscores our commitment to the digital enterprise and broadens the OpenText Discovery portfolio through industry leading digital investigation, forensic security, and data risk management solutions. We are pleased to welcome Guidance customers, partners, and employees to OpenText today.”
Terms of the Acquisition
The previously announced tender offer expired at 12:00 midnight, Eastern time, on Wednesday, September 13, 2017 (the “Expiration Time”), and was not extended. The depositary for the tender offer advised OpenText and Galileo Acquisition Sub Inc. that immediately prior to the expiration of the tender offer there were validly tendered and not withdrawn (and excluding any shares tendered pursuant to guaranteed delivery procedures that have not yet been “received” (as defined in Section 251(h)(6)(f) of the Delaware General Corporation Law (“DGCL”)), a total of 25,275,699 shares of Guidance’s common stock.
The validly tendered shares, together with the shares owned by Galileo Acquisition Sub Inc., OpenText and controlled affiliates, represent approximately 76.7% of the shares of Guidance’s common stock outstanding immediately prior to the Expiration Time. In addition, notices of guaranteed delivery have been delivered with respect to 539,639 shares of Guidance’s common stock. Galileo Acquisition Sub Inc. accepted for payment all shares tendered in the tender offer and will pay for all such tendered shares as soon as practicable in accordance with the terms of the offer.
Accenture acquires leading Design & Innovation firm, MATTER
Accenture, has acquired MATTER, a design and innovation firm focused on designing products and experiences for the connected world. The acquisition strengthens Accenture Interactive’s design and innovation unit, Fjord, by adding physical product design to its service design and digital product creation. Based in San Francisco, MATTER specializes in producing innovative consumer products through collaboration and agile prototyping delivered through a human-centered approach.
The combination of Fjord and MATTER creates leading capabilities that fuse physical and digital design to produce experiences that span hardware, software and digital services.
“As digital is increasingly embedded in the physical world, brands are coming to us to create connected experiences that capitalize on the potential of the union of digital and physical realms,” said Baiju Shah, global co-lead, Fjord and managing director, Accenture Interactive. “MATTER allows us to fully address our clients’ needs to connect their physical products and experiences with digital services, furthering our ambition to improve the full human experience with brands.”
Founded in 2012, MATTER has worked with iconic brands including Intel, Samsung and Sonos. The firm is known for its inventiveness in using emerging digital technologies to embed interactivity into physical objects and environments. It is led by renowned product and interaction designer, Max Burton, who contributed to the inception of Nike+ while at Nike’s Tech Lab and to MyMagic+ and the Disney Magic Band.
Mahindra Comviva, a global leader in mobility solutions, has signed an agreement to acquire Emagine International for an undisclosed value. Emagine International is a specialist provider of real-time, contextual marketing solutions and managed business intelligence services.
Customer Value Management represents an unprecedented opportunity for business value creation. Acquisition of Emagine significantly enhances Comviva’s strengths and in addition to the technology and solution capabilities of both companies, matured managed marketing services will further enable Comviva to deliver enhanced customer value. Emagine’s acquisition will strengthen Comviva’s in-region capabilities to deliver end-to-end solutions to customers. It also adds a number of impressive customers, including Optus, 9 Mobile (formerly Etisalat Nigeria), Virgin Mobile, Vodacom and Vodafone Australia to Comviva’s portfolio.
Comviva also announced the appointment of David Peters, chief executive officer, Emagine International and Amit Sanyal, business head, customer value management practice, Comviva, as the executive heads of the combined business.
Commenting on this, Manoranjan ‘Mao’ Mohapatra, CEO, Mahindra Comviva said, “We are delighted to join hands with Emagine as it will greatly enhance our ability to capitalize on the exploding demand for consumer analytics solutions. Comviva is focused on ensuring a leadership position in this space. With this, we are well positioned to deliver accelerated revenue growth to all our stakeholders.”
Speaking on the occasion, David Peters, CEO, Emagine International said, “We’re confident that the combined strengths, services expertise, and talent of our companies will bring greater end-to-end capabilities of products and services for telecom operators, delivering greater value to all our existing customers globally, and opportunities for accelerated growth.”
Mahindra Comviva to acquire Emagine International
LightInTheBox and Gati form partnership aimed at E-Commerce market in India
LightInTheBox Holding Co., Ltd., a global online retail company that delivers differentiated products directly to customers around the globe, announced that it has formed a strategic business partnership with Gati, India's pioneer in express distribution and supply chain solutions, aimed at providing localized logistics and supply chain solutions for LightInTheBox customers in India in order to further capture India's rapidly growing e-commerce market with attractive consumer products from China. Gati will become LightInTheBox's first key local business partner in India.
LightInTheBox will leverage its extensive supply chain network in China to provide high quality products at attractive prices to over 100 million Indian online shoppers using Gati's pan Indian expertise in logistics and warehousing to simplify the cross-border e-commerce shopping experience for Indian customers. Gati's customized cross-border logistics solutions between China and India will significantly improve the speed, reliability, and cost of delivery of LightInTheBox parcels to India. Both companies will jointly explore online payment solutions, big data analytics, and general business development initiatives as well as local warehousing and fulfillment solutions in India to further reduce delivery times and improve customer satisfaction. In addition, LanTing ZhiTong, LightInTheBox's global cross-border open logistics platform, will be integrated within Gati's logistics and warehousing network providing online Chinese merchants with quick and easy access to the Indian market.
Amazon.in opens its Largest Fulfilment Centre in India
Amazon announced the expansion of its infrastructure footprint opening its largest fulfilment center in India with the view to enhance customer experience just ahead of the festive season. Covering over 400,000 square feet with close to 2.1 million cubic feet of storage space, the center situated in Shamshabad near Hyderabad is the 5th fulfilment center in Telangana and the largest in India. Amazon has ramped up storage capacity to 3.2 million cubic feet in Telangana to enable faster deliveries to customers in the region.
On the occasion of the launch, Honorable Minister of IT, Municipal Administration & Urban Development, Industries & Commerce, Public Enterprises, Sugar, Mines & Geology, NRI Affairs, Government of Telangana. Shri. K. T. Rama Rao said, “Amazon India’s latest investment with the launch of their 5th Fulfilment Centre in Telangana, here in Shamshabad, Telangana evidently signifies the growing interest of large global enterprises in the state. The FC will enable thousands of small & medium businesses selling locally created products such as apparels, handlooms & handicraft to service customers seamlessly across the country & the globe. It will also fuel the growth of ancillary businesses such as packaging, transportation, logistics, and hospitality across the state. We are committed to enabling the ease of doing business and enabling companies like Amazon.in to expand their presence in Telangana.”
“Our vision is to transform the way India buys and sells. At Amazon, we have been consistently investing in our infrastructure and delivery network, so we can increase our speed of delivery and provide a superior experience to both – customers and sellers. With the launch of our largest fulfilment center here in Telangana, we strongly believe that we will be able to better serve our customers with one-day & two-day delivery. The FC will enable sellers to use local infrastructure, save capital and help them grow their businesses.” said Akhil Saxena, Vice President, India Customer Fulfilment, Amazon India.
Apple, announced plans to build a 400,000-square-foot, state-of-the-art data center in Waukee, Iowa, to better serve North American users of iMessage, Siri, the App Store and other Apple services. Like all Apple data centers, the new facility will run entirely on renewable energy from day one.
Apple’s investment of $1.3 billion will create over 550 construction and operations jobs in the Des Moines area, and the company is contributing up to $100 million to a newly created Public Improvement Fund dedicated to community development and infrastructure around Waukee.
“At Apple, we’re always looking at ways to deliver even better experiences for our customers. Our new data center in Iowa will help serve millions of people across North America who use Siri, iMessage, Apple Music and other Apple services — all powered by renewable energy,” said Tim Cook, Apple’s CEO. “Apple is responsible for 2 million jobs in all 50 states and we’re proud today’s investment will add to the more than 10,000 jobs we already support across Iowa, providing even more economic opportunity for the community.”
The new Public Improvement Fund, to be established and managed by the City of Waukee, will support the development of community projects like parks, libraries and recreational spaces, as well as infrastructure needs. The first project the fund will support is construction of the Waukee Youth Sports Campus featuring a greenhouse, playground, fishing pier and fields for high school and public sporting events.
Apple to invest $1.3 Billion to build Waukee, Iowa Data Center
HCL to acquire data automation platform Dataware
HCL Technologies (HCL), a leading global IT services company, has agreed to buy ETL Factory Limited, doing business as Datawave, a UK–based company that has created an innovative data automation platform which enables enterprise customers execute large scale, complex data–migration and data–integration projects in a leaner, faster and smarter way. The flagship product Datawave, won the Informatica Innovation Award and is also extendable to other platforms, including big data.
“The acquisition of Datawave and its suite of products bolsters HCL’s capabilities to collaborate with clients on their mission–critical data transformation projects, incorporating a culture of DevOps and continuous integration,” said Rahul Singh, President and Head– Financial Services, HCL Technologies. “Datawave also brings in significant banking industry expertise.”
“In a recent market study done by HCL, 81% of organizations said they were overwhelmed with the volume and variety of data needed to drive digital transformation. Datawave’s automation solutions will significantly help our clients accelerate their digital journey through a robust data architecture,” said Anand Birje, Corporate Vice President and Head – Digital & Analytics, HCL Technologies.
“The synergies between Datawave’s customer-centric, enterprise data integration platform and HCL’s technology leadership and deep engineering capabilities will deliver unparalleled value to our clients,” said Mark Butterworth, CEO, Datawave.
Inocybe Technologies and Wind River Collaborate for Networking Solutions
Inocybe Technologies, a leading Open Networking technology provider from the data center to the network edge, with Wind River today announced their collaboration to supply a fully integrated and ultra-reliable NFV foundation for the rigorous demands of carrier and critical enterprise networks.
Cloud, IoT and 5G are changing how modern networks are operated and deployed at scale. Inocybe’s Open Networking Platform is one of the first to enable enterprises and service providers to deploy software defined networking (SDN) and network function virtualization (NFV) solutions across an integrated and consumable environment. By validating and integrating Inocybe’s Open Networking Platform with offerings from the Wind River Titanium Cloud portfolio of virtualization software products, companies can utilize open networking solutions that are ready for deployment in global service providers’ production networks.
Inocybe’s Open Networking Platform and OpenDaylight-based controllers have been tested and validated as part of the Wind River Titanium Cloud ecosystem program. Through collaboration with Inocybe Technologies, an industry-leading open source software company, the Titanium Cloud ecosystem promotes the availability of interoperable standard products optimized for SDN and NFV deployments with Titanium Cloud to help accelerate time-to-market for service providers.
“We are seeing tremendous momentum of Open Networking technology adoption within service providers and enterprises. Companies deploying Cloud, 5G and IoT need to change how they manage and operate their networks at scale. The Inocybe Open Networking Platform is among the first to enable the deployment of OpenDaylight SDN and NFV solutions across and integrated environment. Together with Wind River, customers are now able to deploy an ultra-reliable, automated, intelligent and consumable network,” said John Zannos, Chief Revenue Officer at Inocybe Technologies. “Inocybe with Wind River can now help customers deploy production SDN and NFV technology.”
Western Digital Corp., and Upthere, Inc. announced today that Western Digital has completed the asset acquisition of Upthere, a leading cloud services company that is providing a new and better way to keep, find and share what's important and meaningful to consumers. Financial terms of the transaction were not disclosed.
Upthere provides an enhanced storage experience designed to be the single home for all of a user's photos, videos, documents and music. The Upthere app is platform agnostic and available for iPhone, iPad and Android devices, as well as macOS and Windows PCs. The addition of Upthere's technology and team to Western Digital's Client Solutions business unit will enhance the company's consumer products portfolio with new cloud-based offerings.
"Upthere is delivering on its mission to transform the personal storage market and we share their focus on providing consumers more rich and meaningful experiences with their data," said Jim Welsh, senior vice president and general manager of Client Solutions at Western Digital. "I'm pleased to have Upthere CEO Chris Bourdon join the team as a strategic leader. His extensive software expertise will help accelerate our user experience and cloud services imperatives across all aspects of the Client Solutions business."
Bourdon added, "The Upthere team is excited to join Western Digital, with whom we share a long-standing relationship and commitment to significantly advance the consumer experience through cloud-based solutions. It is clear that Western Digital recognizes the great technology and products we have developed and this transaction is a testament to our hard-working team. I am confident that, together, we will continue to innovate cloud-based services with the potential to revolutionize how consumers and businesses create, manage and keep their important data."
Western Digital has completed the acquisition of Upthere
Bharti Airtel (“Airtel”), India’s largest telecommunications services provider, and Symantec Corp. (Nasdaq: SYMC), the world’s leading cyber security company, announced a strategic partnership to serve the growing cyber security requirements of businesses in India, providing protection and prevention of online threats in an increasingly digitally connected world. Under the terms of the agreement, Airtel will be the exclusive Cyber Security Services partner for Symantec in India, and will distribute Symantec’s enterprise security software.
The partnership aims to leverage Airtel’s strength in India’s Business to Business (B2B) segment, helping them address the challenges of the Cloud Generation with Symantec’s innovative Integrated Cyber Defense Platform. As Indian enterprises embrace cloud applications and infrastructure, they require security technologies built for this new cloud-based environment to gain the upper hand on adversaries. The partnership will give customers stronger protection and prevention, greater visibility and better control of critical assets, users and data.
Airtel Business serves over 2,000 large enterprise accounts, plus more than 250,000 corporate and tech startups with its integrated telecom solutions. In addition, it has a strong presence in Central and State Government departments/divisions. Symantec Cyber Security Services prepares organizations for every stage of the attack lifecycle through global Threat Intelligence Services, Managed Security Services, Incident Response Services and Cyber Skills Development Services to protect organizations from internal and external attacks.
Airtel & Symantec announce Strategic Partnership to offer Cyber Security Solutions in India
Oracle announced its collaboration with Mitsubishi Electric Corporation to develop an Internet of Things (IoT) platform for smart manufacturing. With Oracle Cloud, Mitsubishi Electric developed its new FA-IT Open Platform for factory automation. Using edge computing between devices and business applications, the new platform enables the rapid collection, analysis, and utilization of data at production site.
With organizations rapidly adopting Industry 4.0, manufacturers are increasingly seeking to optimize their total manufacturing processes by using IoT to collect data from all equipment in factories for visualization and analysis. Developing such IoT systems from scratch is an enormous task requiring that data be collected and modeled from a wide variety of production equipment, including existing equipment, for analytical purposes.
With FA-IT Open Platform, vendors can create manufacturing applications for operation on the platform, including connecting the platform to industrial networks to collect data from diverse devices and production equipment. The cloud-connected platform can be used to link manufacturing sites with cloud vendors' own cloud-supported manufacturing-optimization services for supply chains, administration of multiple factories worldwide, and other applications.
FA-IT Open Platform leverages Oracle Database Cloud, Oracle Java Cloud, Oracle BI Cloud, Oracle IoT Cloud, Oracle IoT Production Monitoring Cloud, Oracle SOA Cloud, and Oracle Infrastructure as a Service. Information received in real time from machine tools and production terminals is received by Oracle IoT Cloud, enabling efficient real time processing with the extensible infrastructure. Mitsubishi Electric utilizes machine learning of Oracle Database Cloud, the reporting function of Oracle BI Cloud, and the cost-effective Oracle Cloud Infrastructure in the analysis of accumulated Big Data, contributing to further development of solutions in the factory automation area for customers and to smart manufacturing industry.
Oracle and Mitsubishi Electric Collaborate to Develop IoT Platforms
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