With the growing global trend of a cashless economy, the payments processing business has seen a a flurry of M&A. The Financial Times has reported citing sources close to the discussion that Hellman & Friedman, a U.S. private equity firm, is the front runner in the race to acquire Nets, Scandinavia’s largest payments processor. The…
Although Siemens entry into the self-driving vehicle industry has been as recent as early this year, it has been quick to consolidate its position. In a significant development, German industrial giant Siemens has agreed to acquire Tass International, a company which specializes in developing self-driving software, for an undisclosed sum. The move will its automotive…
With the explosion of interest in self-driving technology, carmakers are scrambling to corner market share. As per a senior executive from the company, Ford Motor Co is considering to deploy self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to deploy this strategy on autonomous vehicles on the road. “We’ve been…
Faced with increased competition from its peers, BroadSoft has been under pressure from shareholders who are behaving like activists. According to sources familiar with the matter at hand, BroadSoft Inc, a U.S. software provider which helps companies with cloud-based communications services, is exploring its options, which includes its potential sale. The moves comes midst BroadSoft…
Fujifilm seeks to expand its base beyond its traditional photography business. Fujifilm Holdings Corp has disclosed, it aims to spend $4.54 billion (500 billion yen) in strategic acquisitions over the next three years, as it strives to seek growth outside of its photographic film business. The development is strategic since its photographic film business is…
Apple’s familiarity with its hardware and software is likely to give it an edge; in contrast the huge number of hardware and software Android runs on, is likely to be a major challenge for Google in delivering AR without special sensors. With Alphabet Inc’s Google and Apple unveiling tools to create augmented reality apps for…
The coming of age of door-to-door pizza delivery through autonomous self-driving vehicles. Domino’s Pizza and Ford Motor Co have disclosed that their colloboration in delivering pizzas through self-driving car technology is set to be tested in Michigan in September to test consumers’ reactions. Incidentally this is not the first time that companies have toyed with…
Priced at $299.95, the Ionic smartwatch has a host of features with its major selling points being battery charge of at least 4 days, 50 metres water resistant, sleep tracking and GPS. In a strategic step Fitbit Inc launched its newest device, the Ionic smartwatch which not only has fitness tracking but also contactless payment,…
Given the sensitive nature of the technologies involved at both companies, bankers expect intense antitrust scrutiny by U.S authorities. According to sources familiar with the matter at hand, New York-based private equity firm Veritas Capital is exploring the divestiture of two of its high-tech portfolio companies which have a combined worth of around $3 billion.…
The move marks is part of a wave of consolidation taking place in the sector, as it strives to take on larger players. As per sources familiar with the matter at hand, New York-based Fusion Telecommunications International Inc, which has a market capitalization of $27.8 million is set to acquire the cloud and business services…
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