Industry News

Littelfuse Inc announced on Tuesday that it has completed its acquisition of a select product portfolio from ON Semiconductor Corporation. With annualised sales of approximately USD55m, the product portfolio was purchased for USD104m. This product portfolio includes transient voltage suppression diodes, switching thyristors and insulated gate bipolar transistors for automotive ignition applications."/>
Littelfuse announces completion of USD104m acquisition of select product portfolio from ON Semiconductor
Metalink Ltd authorised a plan to distribute up to USD3.5 million in cash to shareholders, the company disclosed on Monday. The company said that the distribution will be via a repurchase of shares from its shareholders through a self tender offer and/or a cash dividend, subject to the satisfaction of some conditions such as the approval of the Tel Aviv District Court. Metalink will file an application to the court seeking its approval for distribution..."/>
Metalink's board approves plans to distribute USD3.5m cash
HCL Technologies, a leading global IT services provider, has been recognized for its Internet of Things Technology leadership, capabilities, scale and innovation by Zinnov in its latest report titled“ Zinnov Zones 2016– Internet of Things Technology Services”. HCL has been positioned in the“ Leadership Zone” for Overall Global IoT Technology services as well as for the categories of Advisory and Consulting; Product Development Engineering; Managed Services; Sensors&..."/>
Zinnov Names HCL Among Leaders for Global Internet of Things Technology Services
eGain, a leading provider of cloud customer engagement solutions, will announce its fiscal 2016 fourth quarter and full year financial results after the close of regular market trading on Thursday, September 8, 2016, followed by an investor conference call and webcast slide presentation at 2:00 p.m. Pacific Time. Chief Executive Officer Ashu Roy and Chief Financial Officer Eric Smit will host the call and webcast. When: Thursday, September 8th at 2:00 p.m...."/>
EGain to Announce Fiscal 2016 Q4 and FY Financial Results on Sep 8, 2016
eGain, the leading provider of customer engagement solutions, today announced that its Artificial Intelligence-powered chatbot solution, eGain Virtual Assistant (TM), has been named in KMWorld Magazine's list of Trend-Setting Products of 2016.. Sandra Haimila, Editor at KMWorld, said, "Each year KMWorld looks for software products that break new territory in helping organizations achieve their knowledge management goals. These products are designed,..."/>
EGain Virtual Assistant™ a 2016 KMWorld Trend-Setting Product; Solution recognized for its usefulness, scalability, and sustained innovation in Artificial Intelligence (AI)
MediaTek invests $60 million in Paytm, values it at $4.8 billion. Taiwan-based MediaTek's investment arm Mountain Capital has invested $60 million in Paytm's parent One 97 Communications, valuing the digital payments and commerce firm at $4.8 billion, reported The Times of India."/>
Deals Buzz: Mediatek invests $60 million in Paytm [Mint, New Delhi]
MOL Global, Inc., a leading e-payment enabler for online goods and services in emerging and developed markets, would like to invite shareholders and the public to view the Company’ s past and current filings with SEC and its future OTC Market filings by quoting the Company’ s ticker symbol“ MOLGY” in the OTC Market webpage “Our obligation to our shareholders to provide timely disclosures remains a top priority."/>
MOL Global, Inc. Announces That All Future Financial Disclosures Will Be Made With OTC Market
CloudCommerce, Inc., a global provider of advanced e-commerce services to leading brands, today commented on a new industry forecast showing significant industry growth. According to a new report by emarketer, retail e-commerce sales are forecasted to grow by 23.7% over the course of 2016 to reach $1.915 trillion, accounting for 8.7% of total retail spending worldwide. The report includes sales from e-commerce retailers in addition to transactions..."/>
CloudCommerce Comments on $1.915 Trillion Industry Forecast
Palo Alto Networks ®, the next-generation security company, today announced that customers in Europe can now benefit from the power of Palo Alto Networks WildFire™ cloud-based threat analysis and prevention capabilities from a data center located in the Netherlands. With local resiliency built-in, this helps European organizations meet their data privacy needs via the WildFire EU cloud. In today's threat environment, a global,..."/>
Palo Alto Networks Unveils New WildFire European Cloud Hosted in the Netherlands
Pointer Telocation Systems Ltd. has acquired a fleet services management company in Southern Brazil. Pointer will pay $6.5 million in cash for Cielo Telecom, which manages fleet customers covering 16,000 trucks. Cielo, founded in 1994, has a strong presence in the Brazilian truck sector."/>
Pointer buys Brazilian fleet management co for $6.5m [Globes, Tel Aviv, Israel]
Infosys Ltd and the architect of Aadhaar, are joining hands to start a microfinance institution. Named Avanti Finance, the company, a "technology-enabled financial inclusion vehicle", will focus on "delivering affordable and timely credit to under-served and un-served segments in..."/>
Ratan Tata, Nandan Nilekani to start microfinance company [Mint, New Delhi]
Bharti Airtel Ltd cut data tariffs for some customers by as much as 80%, as the company prepares for the imminent launch of Reliance Jio. On Monday, the company announced another data pack offer for prepaid users that requires them to pay Rs.748 or Rs.1, 498 for a 1 GB 3 G/4G data pack, and avail recharges for same amount of data for only Rs. 99 or Rs.51. They can do this for between six months and a year."/>
Reliance Jio pre-launch jitters: Airtel cuts 4G price by up to 80% [Mint, New Delhi]
Facebook page and organic treats in its lobbies."/>
Green banker: Reception to Lauderdale branch preferable to 'ridicule and scorn' he experienced in Central Florida [Sun Sentinel]
Tenneco Automotive Operating Co.' s Kettering plant off Woodman Drive, according to the Ohio Tax Credit Authority's description of the project. The companies slated to receive tax incentives after an Ohio Tax Credit Authority meeting:."/>
Tax credits could lead to hundreds of new jobs [Dayton Daily News, Ohio]
Faro Technologies' purchase of Londonberry, N.H.,- based Laser Projection Technologies were not immediately available. Faro makes software and 3- D-based laser beam measuring devices for manufacturing and other industries."/>
3D laser firm Faro acquires New Hampshire company [Orlando Sentinel]
Cisco and other tech firms in Silicon Valley, reductions that combined would erase about 1,500 jobs. Cisco Systems confirmed Monday evening that it has formally notified state labor officials about roughly 900 job cuts in San Jose. "Today's market requires Cisco and our customers to be decisive, move with greater speed and drive more innovation than we've..."/>
Job cuts jolt some tech firms despite Silicon Valley hiring boom [East Bay Times]
Microsoft is working on a mobile app targeting deskless shift workers-- a market for managing and scheduling work hours that some peg as having huge potential. The app, codenamed Project Sonoma, is currently being tested by employees at companies that have signed up to participate in the private preview. Other companies targeting that same market include local startup Shyft."/>
Microsoft tests scheduling app [The Seattle Times]
Facebook page of a new Air Bus H130 helicopter emblazoned with the LVHN name and logo. United Rotorcraft-- a division of Englewood, Colo.-based Air Methods, the world's largest air ambulance operator-- designs and builds custom helicopter interiors."/>
LVHN getting new MedEvac chopper [The Morning Call (Allentown, Pa.)]

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