IT News Online > - Hardware - Software - Gaming - Internet - Telecom


Alvarion Completes Sale of Its Carrier Licensed Division to Telrad 2013-05-10 Alvarion, a provider of optimized wireless broadband solutions, announced that it has completed the sale of its carrier licensed division to Telrad Networks. Under the agreed terms, Alvarion will receive consideration of $4 million...

Blue Star Infotech has a record year, total income grows 47 Pct to Rs. 18,853 Lakhs in FY 12-13, while PAT grows by 40 Pct 2013-05-10 Blue Star Infotech, a software services and solutions provider, reported 26% increase in consolidated total income at Rs. 5,136 lakhs for the quarter ended March 31, 2013 compared to Rs. 4,066 lakhs last year.

D-Link India records 58.56 Percent growth in revenues and 75 Percent growth in Net Profits for FY2012-13 2013-05-07 At the recent board meeting held on 1st May 2013 D-Link (India) Limited announced its financial results for year ending 31st March 2013. The revenue for FY 2012-13 was up by 58.56% at Rs. 35,370.22 lakhs...

Private Investor Group to Acquire BMC Software for Around $6.9 Billion 2013-05-07 BMC Software has signed a definitive agreement to be acquired by a private investor group led by Bain Capital and Golden Gate Capital together with GIC Special Investments Pte Ltd. and Insight Venture Partners.

Descartes Acquires Scandinavia-Based KSD Software 2013-05-02 Descartes Systems Group, the leader in uniting logistics-intensive businesses in commerce, acquired KSD Software Norway AS, a leading Scandinavia-based provider of electronic customs filing solutions for the European Union (EU).

Ebix Enters Into Merger Agreement to be Acquired by an Affiliate of Goldman Sachs for $20 a Share in Cash 2013-05-01 Ebix, a supplier of On-Demand software and E-commerce services to the insurance industry, has entered into a merger agreement to be acquired by an affiliate of Goldman Sachs in a transaction valued at around $820 million...

Telular to be Acquired by Avista Capital Partners 2013-04-29 Telular and Avista Capital Partners announced that they have entered into an agreement providing for the acquisition of Telular for $12.61 a share net in cash and $18.5 million in assumed net debt, or $253 million in total consideration.

IMS Acquires Micro Images 2013-04-29 Information Management Services (IMS), a provider of document scanning services and document management solutions across the Midwest and New England, announces that it has acquired Micro Images of Lubbock, TX.

InterCloud Systems to Acquire AW Solutions 2013-04-09 InterCloud Systems Inc., an end-to-end solution provider of cloud and managed services, announced that it has signed a definitive agreement to acquire AW Solutions Inc. (AWS) of Longwood, Florida...

TCS to Acquire French IT Services Firm ALTI SA 2013-04-09 Tata Consultancy Services (TCS), an IT services, consulting and business solutions firm, announced that it will acquire Alti SA, an IT services company in France, for around €75 million in an all-cash transaction.

Qatar Financial Centre Authority Sells Qatarlyst to Ebix Inc. 2013-04-08 The Qatar Financial Centre Authority (QFCA) announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange for the global insurance and reinsurance industry, to Ebix Singapore, a subsidiary of Ebix Inc...

Fujitsu Acquires Cloud Service Provider, RunMyProcess 2013-04-08 Fujitsu announces that it has finalized a contract with RunMyProcess, a France-based cloud service provider, to acquire all shares of RMP. With this acquisition, Fujitsu will add integration Platform as a Service to its cloud offerings...

Bay Acquisition Corp. Acquires VGFive 2013-04-01 Bay Acquisition Corp. announced today that it has acquired all of the assets of the VGFive website, an online video game trading business. VGFive has a very active trading community and is a perfect fit for the Goozex trading model.

NEC Acquires Full Ownership of Indian Software Company 2013-03-28 NEC and HCL Technologies reached an agreement for NEC to obtain full control of NEC HCL Systems Technologies, a joint venture software company. Based on the agreement, NEC will acquire HCLT's 49% share of NHST.

Meltwater Acquires Swedish Image and Object Recognition Company, OculusAI 2013-03-26 Meltwater, a provider of online intelligence solutions, announced the acquisition of OculusAI, a provider of image and object recognition technology. Together the companies enhance Meltwater's offerings in social media marketing...

Cardtronics Acquires i-design 2013-03-07 Cardtronics Creative UK has acquired i-design group plc. Based in Scotland, i-design provides the technology and services that transform ATM screens (and receipts) into delivery devices for interactive customer communications...

Union Budget 2013: Reactions from the IT Industry - Part III 2013-03-01 The Union Budget 2013-2014 has been an affirmative, balanced and realistic one that will boost our economic growth, even though it hasn't been particularly relevant from an IT hardware and software perspective.

Micron Announces Tokyo District Court Approval of Elpida Reorganization Plan 2013-02-28 Micron Technology Inc. today announced the Tokyo District Court's issuance of an order approving Elpida Memory Inc.'s plan of reorganization. Elpida's plan of reorganization calls for Micron to sponsor Elpida's reorganization...

NEC Acquires Cyber Defense Institute, Inc. 2013-02-28 NEC concluded a contract to acquire Cyber Defense Institute (CDI), a leading security system diagnosis company in Japan and a unit of Itochu Corp. NEC is scheduled to complete the 100% acquisition of interest...

Union Budget 2013: Reactions from the IT Industry - Part II 2013-02-28 Manufacturers' Association for Information Technology (MAIT) has expressed its disappointment with the Union Budget 2013, saying that it has failed to protect the interest of local IT manufacturing in the country.

Union Budget 2013: Reactions from the IT Industry 2013-02-28 The FM's intentions are very clear: to move India back to a higher growth plane. And given his lack of runway, he has taken lots of small measures which together could boost growth.

Edimax Successfully Achieves 150 Percent YoY Growth 2013-02-27 Edimax Technology, a provider of advanced network communication products, has achieved 150% YoY growth. In 2012, 70% of the business was generated in the SOHO segment followed by 15% in SMB and 10% in Surveillance segment.

3D Systems Completes the Acquisition of Geomagic 2013-02-27 3D Systems announced that it has completed its acquisition of Geomagic for $55 million in cash. Geomagic is a provider of 3D authoring solutions including design, sculpt and scan software tools that are used to create 3D content...

LFoundry Agrees to Acquire Micron Technology Wafer Manufacturing Plant in Italy 2013-02-25 Micron Technology Inc. and LFoundry today announced that the companies have entered into agreements for LFoundry to acquire Micron Technology Italia, Srl. and all of its semiconductor fabrication facility assets in Avezzano, Italy.

Telrad Networks Announces Acquisition of Alvarion's Broadband Wireless Access Division 2013-02-22 Telrad Networks, a provider of telecom solutions, has agreed to acquire the broadband wireless access division of Alvarion for $6.1 million. Alvarion may receive certain performance-based milestone payments of up to $6 million.

Capgemini reports solid performance in 2012 2013-02-21 Despite a slow market, 2012 saw the Group cross the €10 billion revenues milestone (€10,264 million). Revenues increased 5.9% on 2011 published figures (i.e. at current Group structure and exchange rates).

AscendoSoft Inc. Acquires Imagine Document Solutions 2013-02-13 AscendoSoft, a provider of software and services in the data quality, data privacy, and application automation markets, announced that it has acquired Imagine Document Solutions, a provider of document management solutions for SMBs.

Teliphone Corp. Acquires Cloud-Phone Inc. 2013-02-11 Vancouver-based Teliphone Corp., a local digital telecommunications company, is pleased to announce that it has completed a share purchase agreement through an acquisition entity of the Cloud-Phone Inc. of Calgary.

Teliphone Corp. Acquires Titan Communications Inc. 2013-02-11 Vancouver-based Teliphone, one of the world's local digital telecommunications companies, announced that it has completed a share purchase agreement through an acquisition entity, of Vancouver-based Titan Communications Inc.

Fujitsu and Panasonic to Consolidate System LSI Businesses in New Company 2013-02-07 Fujitsu and Panasonic today announced that the two companies have signed an MOU to consolidate the design and development functions of the system LSI businesses of Panasonic and Fujitsu Semiconductor...

Gartner: Indian Government to Spend 368 Billion Rupees on IT in 2013 2013-02-06 According to Gartner Inc., the Government of India (GoI) will spend 368 billion rupees on IT products and services in 2013, an increase of 10.5% over 2012 revenue of 333 billion rupees.

TTM Technologies Inc. Signs Letter of Intent for SYE and DMC Plants 2013-02-01 TTM Technologies, a PCB manufacturer, has signed a letter of intent with its minority partner, Shengyi Technology, to dispose of TTM's 70.2% equity interest in the SYE plant and to acquire Sytech's 20% equity interest in the DMC plant.

Siemens Ltd. announces Q1 2013 results; Profit after Tax up by 21 Percent 2013-02-01 For the first quarter of Financial Year 2013 ended December 31, 2012, Siemens Ltd. registered Profit after Tax (PAT) of Rs. 73.07 crores, up by 21% over PAT of Rs. 60.2 crores in Q1 2012.

Agreement Reached to Transfer NEC's Magneto-resistance Sensor Business to Murata 2013-02-01 NEC and Murata Manufacturing reached an agreement to transfer the magneto-resistance sensor business of NEC and NEC Yamanashi, a unit of NEC, to Murata. Under the agreement, the transfer is scheduled to be complete by June 1, 2013.

D-Link India Records 68.75 Percent Growth for Nine months ended 31.12.2012 2013-01-31 D-Link (India) Limited, the end-to-end networking solution provider for consumers and businesses, announced the unaudited financial result for the Quarter and Nine months ended 31st December 2012...

Armanino Extends Microsoft CRM Capabilities 2013-01-29 Armanino announced it has strengthened its Customer Relationship Management (CRM) consulting practice by merging in Gradient Vision, a consulting services company specializing in Dynamics CRM and SharePoint technology solutions...

Foxconn's December Revenue Hits a Quarterly Record of $12.38 billion 2013-01-29 Foxconn, a manufacturer of computer components and systems, reported that the revenue in the month of December hits a quarterly record of $12.38 billion. This is the second consecutive time that a monthly record...

Soul and Vibe Interactive to Acquire Soul and Vibe Entertainment and Pursue $56 Billion Digital Game Industry 2013-01-28 Soul and Vibe Interactive announced it is in the process of acquiring all of the outstanding shares of Soul and Vibe Entertainment, a video and computer games company. Upon completion of the transaction, Soul and Vibe Interactive's current...

Guavus Acquires Neuralitic Systems 2013-01-24 Guavus, a provider of big data analytics solutions, announced it has acquired Neuralitic Systems, the mobile data monetization and marketing analytics experts serving the telecommunications industry.

Hargray Communications to Acquire Savannah-Based Managed Services Company iTech 2013-01-23 Beaufort County-based triple-play provider Hargray Communications announced today an agreement under which it will purchase iTech, a Savannah-based managed services company.