Industry News

Citigroup Inc. and Credit Suisse Group AG to find a buyer at a valuation of $1.5 billion, said one of the people, both of whom requested anonymity. "The combined stake may fetch a better valuation as the..."/>
Mu Sigma CEO Ambiga Subramanian, General Atlantic in bid to sell stake [Mint, New Delhi]
Microsoft's backyard with a familiar face for followers of the Redmond giant: former Windows boss Steven Sinofsky. "I happen to have spent a bunch of time in Seattle previously," Sinofsky said in introducing himself at an event Thursday evening. The understatement drew laughter from the crowd of a few dozen Okta employees and government and technology workers at the..."/>
Ex-Microsoft exec helps open Okta's expanded Bellevue office [The Seattle Times]
Qualcomm's processors are powering over 900 million Android devices globally, which would be a haven for hackers should a vulnerability can be exposed and exploited. Apparently, that could be the case, according to a not-so-inspiring report. Cyber-security firm Check Point says that it has uncovered a set of four vulnerabilities affecting almost a billion Android devices that use Qualcomm chipsets."/>
Are 900m Qualcomm-powered Android devices at risk? [Khaleej Times, Dubai, United Arab Emirates]
Delta Air Lines, suffering a debilitating power outage early Monday morning, said it is getting some flights back in the air, but that passengers can still expect numerous delays and cancelled flights until its system works through the shutdown. As of 5:30 p.m. Monday, the Atlanta-based airline said it has cancelled 650 flights because of the outage, which began at 2:30 a.m. Eastern time, impacting computer systems and forcing flights to be grounded around the world."/>
Update: Delta power outage zaps flights, CEO apologizes for 'any inconveniences' [Columbus Ledger-Enquirer, Ga.]
Monotype Imaging Inc has closed its acquisition ofUS-based user-generated content specialist Olapicfor approximately USD 130 m, the company said. Olapic's Earned Content Platform helps brands collect, curate, use and analyse user-generated content in the form of images and videos in their ecommerce experiences and across multiple marketing channels. Monotype said that the acquisition of Olapic is..."/>
Monotype Closes USD 130m Acquisition of User-Generated Content Specialist Olapic
LightPath Technologies, Inc. has executed a definitive agreement to acquireUS/Latvia-based optical components maker ISP Optics Corp.for USD 18 m, the company said. Of the total, USD 12 m will be payable in cash with the balance in the form of a note issued to the sellers. Headquartered in New York State and with major manufacturing operations in Latvia, ISP is a manufacturer of advanced infrared optical components,..."/>
Riverstone Energy Sells Rock Oil Holdings to SM Energy
Twilio ended Silicon Valley's IPO drought with a slam-dunk offering this summer, analysts cautioned that the real test would be whether the cloud communications company could be successful long term. Showing strong numbers Monday in its first earnings report as a public company, Twilio seemed eager to prove it will thrive even after the post-IPO hype dies away. The San Francisco-based cloud communications company reported revenue of $64.5 million..."/>
Twilio beats expectations in first earnings report [East Bay Times]
Fujitsu today announced the publication of the Fujitsu Group Environmental Report 2016. From fiscal 2013 through fiscal 2015, the Fujitsu Group set the Fujitsu Group Environmental Action Plan as its environmental goals, and has been working on environmental improvement activities. This report consolidates fiscal 2015 case studies and results, as well as expressing Fujitsu's way of thinking about environmental management."/>
Fujitsu ICT Contributes to Approximately 40 Million Ton Reduction in Greenhouse Gas Emissions
ScanSource Inc. of Greenville, S.C. for $84 million. "We did not need to sell this company," said Rick Sheldon, who co-founded the business in 1994 with Rick Dellar. "They felt it was a time to get into our space.""/>
Petaluma-based Intelisys Communications Inc. bought by South Carolina business [The Press Democrat, Santa Rosa, Calif.]
Fujitsu Laboratories Ltd. today announced the development of software technology that uses multiple GPUs to enable high-speed deep learning powered by the application of supercomputer software parallelization technology. A conventional method to accelerate deep learning is to use multiple computers equipped with GPUs, networked and arranged in parallel. The issue with this method is that the effects of parallelization become..."/>
Fujitsu Develops High-Speed Technology to Process Deep Learning
Qualcomm has signed another growing Chinese smartphone maker to a patent license, continuing the San Diego company's momentum in getting paid for its intellectual property in China. Vivo agreed to license Qualcomm's 3 G/4G cellular technology under terms outlined in the San Diego company's $975 million anti-monopoly settlement last year with the Chinese government. Vivo is an emerging smartphone brand that sells mostly in China and elsewhere in Asia."/>
Qualcomm signs another patent license in China [The San Diego Union-Tribune]
Liquid Web Acquires Cloud Sites Business Unit from Rackspace
Form Holdings Corp. has agreed to acquire US-based luxury airport spa business XpresSpa, the company said. The transaction, which has been approved by Form Holdings' and XpresSpa's boards of directors, is expected to close in the fourth quarter of 2016, subject to closing conditions and approval by the FORM Holdings' stockholders. This transaction will be funded with common and preferred equity and warrants in Form Holdings."/>
Form Holdings to Acquire Airport Spa Operator XpresSpa
Twilio ended Silicon Valley's IPO drought with a slam-dunk offering this summer, analysts cautioned that the real test would be whether the cloud communications company could be successful long term. Showing strong numbers Monday in its first earnings report as a public company, Twilio seemed eager to prove it will thrive even after the post-IPO hype dies away. The San Francisco-based cloud communications company reported revenue of $64.5 million..."/>
Twilio beats expectations in first earnings report [Mercury News]
EarthLink Holdings Corp., a leading network services provider dedicated to delivering great customer experiences, today announced a partnership with VeloCloud, an industry-leading SD-WAN technology provider. The partnership is part of EarthLink’ s strategy to help clients transform their business by deploying solutions that deliver more personalized customer experiences, reduce cost, and increase sales.. EarthLink’ s full-service SD-WAN offering..."/>
EarthLink Announces Partnership With VeloCloud to Deliver SD-WAN Services
Birdie's opens the market [The Valdosta Daily Times, Ga.]

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