Verifone Systems Inc merges with Francisco Partners and goes private for $2.58 billion

Verifone Systems is a point-of-sale device maker. The development comes midst an increase in consumer spending vide credit cards. Francisco Partners will take Verifone Systems Inc, a payments technology firm, private for $2.58 billion in cash. With the news reaching the market, shares of Verifone Systems, which makes point-of-sale payment devices, surged by 52% in…

Indian IT giants positively contribute to U.S. job market despite U.S. visa review program

Indian IT companies have created and will continue to create U.S. jobs and positively contribute to the U.S. economy. India’s third largest software exporter clarified that more than half of its U.S. workforce consists of locals. Wipro’s statement comes in the wake of U.S. President Donald Trump asking federal agencies to review a visa program…