Industry News

Boston Herald The Ticker column [Boston Herald] Ltd., a leading global software platform for small businesses operating online, announced today the appointment of Allon Bloch to its board of directors. Bloch returns to Wix having served as a director from January 2008 through August 2013 and as President and Co-CEO from 2008 through September 2010.. “We are thrilled to welcome Allon back to our board of directors,” said Avishai Abrahami, Co-founder and CEO of Wix.“ Allon is a seasoned executive..."/>
Wix Announces Appointment of Allon Bloch to its Board of Directors Ltd., a leading global software platform for small..."/> Announces Record Setting Second Quarter 2016 Results
Cellcom Israel Ltd. barring Golan Telecom from negotiating its sale until November. In the end, however, after Cellcom agreed to discuss the matter, Golan Telecom did not pursue it. According to various sources, the Golan Telecom shareholders realize that they will have no choice other than to sell the company; otherwise, they will have to pay Cellcom NIS 600 million at the end of November for the use of..."/>
Golan Telecom sale looks inevitable [Globes, Tel Aviv, Israel]
Nordstrom Inc. the green light to buy the land the Seattle-based retailer has been leasing for two decades. However, the retailer won't be closing on a sale until final approval comes from the Federal Aviation Administration. Cedar Rapids City Council on Tuesday approved the company's request to buy the 46 acres of land-- 7700 18th St."/>
BRIEF: Cedar Rapids approves land sale to Nordstrom [The Gazette, Cedar Rapids, Iowa]
IRB Infrastructure Developers Ltd and Sterlite Power Grid are gearing up to list their Infrastructure Investment Trusts, and one of them will be the first in India to do so, according to three people aware of the development. Toll road developer IRB is looking to file its so-called draft red herring prospectus for its InvIT as early as around the middle of August, said one of the three people cited above. InvITs are trusts that manage income-generating..."/>
Sterlite?Power,?IRB Infrastructure inch closer to InvIT launches [Mint, New Delhi]
Apple gained some ground in its fight to regain lost glory. The technology giant reported better-than-expected iPhone sales in the third quarter, and had even more good news that its revenue for the current quarter would surpass analysts' views. The positive tone from the Cupertino, California-headquartered company somewhat eased fears that demand for its flagship device had hit a snag."/>
Apple bounces back - somewhat [Khaleej Times, Dubai, United Arab Emirates]
Citrix Systems, South Florida's oldest home-grown technology company, is selling its GoTo family of businesses, a transaction valued at about $1.8 billion. The sale to LogMeIn of Boston includes the well-known GoToMeeting, an online meeting and video conference tool. GoTo is based in Santa Barbara, Calif., so the sale should have no effect on employment here."/>
Citrix sells GoTo business in $1.8 billion transaction [Sun Sentinel]
Avnet, Inc., a leading global technology distributor, today unveiled a solutions specialist approach worldwide to accelerate growth in software-driven technologies. Avnet has dedicated more than 450 solutions specialists to empower the channel to capitalize on cloud, cognitive computing, data analytics, the internet of..."/>
Avnet Enhances Solutions Specialist Support for Channel Ecosystem Worldwide
Lantronix, Inc., a specialized networking company providing smart IoT and M2M solutions, today announced the launch of a new Lantronix subsidiary and IoT software lab in Hyderabad, India. "The opening of our software lab in Hyderabad, India represents a significant step forward in the execution of our IoT growth strategy," said Jeff Benck, president and CEO of Lantronix. " Our executive team has been maniacally focused on securing the right incremental resources..."/>
Lantronix Creates New Subsidiary in India and Opens IoT Software Lab in Hyderabad
Apple, looking for ways to counter continued declines in sales of the iPhone, is now saying that the company's new growth engine rests on consumers continuing to buy apps, music and switch over to Apple Pay. Apple delivered its fiscal third quarter results Tuesday and the highlight was the ongoing rise of its so-called services business, which totaled $5.98 billion in revenue, a 19 percent increase from the same period a year ago. Services-- which include sales..."/>
Apple's services gains lead better-than-expected quarterly results [East Bay Times], China’ s largest ecommerce company by revenue and a member of the Fortune Global 500, and Lenovo, a global leader in PC and smart devices, today announced an expansion of their existing relationship to address growing consumer and business demand for Lenovo products throughout China.. At an event at JD’ s Beijing headquarters, CEO Richard Liu and Lenovo Chairman and CEO Yang Yuanqing jointly announced that will become the preferred..."/> and Lenovo Announce New Multiyear Partnership to Expand Availability of Lenovo Technology in China
Criteo's Litigation Against Steelhouse

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