VMware acquires Bitfusion for virtualization AI accelerators
VMware has announced the acquisition of Bitfusion. Bitfusion is an American company that has developed an elastic and virtual operating system for hardware accelerators. It is unclear how much money is involved in the takeover.
VMware is committed to leveraging Bitfusion's technology after the acqui... Read more
8×8 expands presence in CPaaS market with acquisition of Wavecell
8×8, a provider of cloud communications, has announced that it will acquire Wavecell. Wavecell is a Communications Platform-as-a-Service (CPaaS) provider. The company pays $125 million for Wavecell.
8×8 already offers solutions for voice, video, chat and contact centres. The company has 1 mi... Read more
Symantec stops takeover calls with Broadcom
Symantec has stopped the takeover talks with Broadcom. The two companies could not agree on the price, say insiders to Reuters.
According to the sources, it is not entirely clear why the price negotiations have collapsed. Last week, Broadcom wanted to offer $28.25 per share, while Symantec wanted mo... Read more
Google Cloud expands file storage service with acquisition Elastifile
Google has taken over storage provider Elastifile. The company provides file storage for enterprise-class applications running on scale in the cloud. According to an anonymous source of CTech, Google would pay 200 million dollars for the acquisition.
With the service of Elastifile it is possible fo... Read more
Cisco acquires Acacia Communications for $2.6 billion
Cisco has announced that it will acquire Acacia Communications for 2.6 billion dollars (2.3 billion euros). Acacia Communications provides optical interconnect technology to Cisco.
Acacia Communications develops algorithms for processing digital signals, writes ZDNet. It also creates technology for ... Read more
Ricoh acquires DocuWare for an unknown amount
Ricoh has announced the acquisition of DocuWare. DocuWare is a content services software provider. The amount of money involved in the takeover is unknown.
DocuWare has headquarters in Germany and the United States. The company offers cloud and on premise document management and workflow automation ... Read more
Owner IFS buys ERP provider Acumatica
EQT Partners, owner of IFS, has attracted another ERP provider with Acumatica. As a result, the two companies ERP suppliers will work closely together. Acumatica is a cloud-native ERP vendor focused on SMEs.
EQT used the same $45 billion investment fund that it used to buy IFS in 2016, says CEO Darr... Read more
Broadcom wants to take over Symantec for over 15 billion dollars
Broadcom would be in advanced talks to take over security company Symantec. That's what insiders say about Bloomberg. According to the sources, there could be an agreement within a few weeks. This would amount to more than USD 15 billion (EUR 13.3 billion).
According to the insiders, no deal has yet... Read more
IBM receives unconditional EU approval for Red Hat acquisition
The American tech giant IBM has received unconditional approval from the European Union for the acquisition of Red Hat, reports Reuters. Big Blue took over Red Hat in October last year for 34 billion dollars. With the acquisition, IBM intends to expand its subscription-based software offerings to co... Read more
Extreme Networks acquires Aerohive Networks
Network provider Extreme Networks has acquired the provider of cloud-based network management Aerohive Networks. The company announced this today. The acquisition fits in well with the strategy that the company has been pursuing in recent years. In addition, the acquisition significantly expands the... Read more