Amazon’s in-house delivery on track to deliver 3.5 packages in 2019

In a development that marks Amazon’s growing in-house delivery business, the world’s largest online retailer stated, it was on track to deliver 3.5 billion customer packages globally this year. Amazon’s growing network of delivery trucks, planes, and vans, is considered as potentially a long-term threat to United Parcel Service Inc and FedEx Corp. FedEx has…

SoftBank Group Corp’s Vision Fund invests $800M in Greensill Capital

SoftBank Group Corp’s Vision Fund valued UK-based Greensill Capital at $3.5 billion. Greensill Capital, a UK-based financing group, has confirmed that SoftBank Group Corp’s Vision Fund has invested $800 million in it. Greensill, which provides supply chain funding to companies, said it plans to use the funding in part to accelerate its expansion into Brazil…

SAP to expand margins after closure of Qualtrics deal

SAP’s CFO, Luka Mucic stated, the German business software firm will be able to scale up growth and profitability at Qualtrics. On Friday, SAP’s Chief Financial Officer, Luka Mucic stated, the German business software company expects its margins to continue to expand despite its $8 billion acquisition of U.S. online consumer sentiment tracking company Qualtrics.…

Adobe Systems acquires Marketo Inc for $4.75 billion

Given the similarities of Marketo’s business with Adobe’s cloud-based business, the cost synergies in the deal hit a sweet spot. Adobe Systems has agreed to acquire Marketo Inc from Vista Equity Partners Management, a private equity firm, for $4.75 billion. The acquisition will boost its cloud-based digital marketing business. Adobe is sharpening its focus on…