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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…

Digital Colony raises $4.05 billion for digital infrastructure fund

The development is significant since typically buyout funds focus on physically infrastructure. In contrast Digital Colony’s fund illustrates how investors are now seeking assets that support the digital economy. According to sources familiar with the matter at hand, private equity firm Digital Colony, which has the backing of U.S. real estate investor Thomas Barrack, has…

Huawei Technologies Kunpeng 920 challenges Intel’s CPUs in server market

Along with the launch of its Kunpeng 920 chipset, Huawei has launched servers which will house the Kunpeng 920 chip. Incidentally, Huawei has a long term partnership with Intel. On Monday, in a significant development, China’s Huawei Technologies Co Ltd launched new server chips that is aimed at reducing its imports and reliance on U.S.…

Robert Bosch GmbH partners with Mojio to tap digital services for connected vehicles

The partnership aims to collect data from vehicle communication, crash detection, and diagnostics and provide big-data analytics to corporate clients, insurers and emergency responders. In a statement, German auto supplier Robert Bosch GmbH and Canadian startup have said, the two firms have teamed up to collaborate on a wide spectrum of digital services in the…

China to invest $2.12 billion for Artificial Intelligence park in Beijing’s Mentougou district

China wants to attract talent in AI areas of biometric identification, cloud computing, big data and deep learning and wants to apply them in military technology in order to gain a leverage over the United States. China is pushing ahead to fulfill its ambition of becoming a world leader in Artificial Intelligence by 2025 and…

Toyota, Intel, Ericson, Docomo and others create auto tech consortium

The coming age of autonomous self-driving vehicles have necessitate close collaboration between tech companies and automakers.   Toyota Motor Corp along with Intel and other tech and auto companies have formed a consortium to create an ecosystem that will cater to big data for the upcoming connected car market. The Japanese carmaker also mentioned that…