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Salesforce acquires Israeli software developer ClickSoftware for $1.35 billion

Salesforce sees synergy in the deal as it would help it accelerate the growth of its Service Cloud platform. On Thursday, U.S. cloud-based service provider Salesforce stated, it has signed an agreement to acquire ClickSoftware, an Israeli software developer, for $1.35 billion in cash and shares. The acquisition of ClickSoftware, which makes cloud-based field service…

Qualcomm & Tencent collaborates on creating optimized gaming devices & 5G

The agreement potentially also includes tweaking game titles for U.S. laptops powered by Qualcomm’s processors which will connect to the internet vide 5G rather than use Wi-Fi. Qualcomm Inc, the largest supplier of mobile phone chips stated, it will collaborate with China’s Tencent Holdings Ltd on projects that could include making Tencent’s video games run…

Honda Motor & truckmaker Hino Motors join SoftBank Group’s and Toyota Motor’s joint venture

The development underscores a growing trend of consolidation among communications, automakers and technology companies as they grapple with the massive investment and software expertise required to develop new services for which demand has yet to be tested. On Thursday, Japan’s Honda Motor Co and truckmaker Hino Motors Ltd stated they join a joint venture of…

Tesla signs preliminary battery sourcing agreement with China’s Tianjin Lishen

Tesla is placing its supply chain in order as it gears up for production at its Shanghai Gigafactory. According to two sources with direct knowledge of the matter at hand, Tesla Inc has signed a preliminary agreement with Tianjin Lishen for supplying batteries for its Shanghai Gigafactory, as it plans to expand its battery sourcing…

Alibaba aiming to make Belgium e-commerce trade hub

The strategic move will see the Chinese giant increase its footprint in the lucrative EU market. On Wednesday, Alibaba Group Holding Ltd stated it has signed an agreement with the Belgium government to launch an e-commerce trade hub. The move will include investments in logistics infrastructure. The strategic move is part of Alibaba’s Electronic World…