DENSO Corporation, Ericsson, Intel Corporation, Nippon Telegraph and Telephone Corporation (NTT), NTT DOCOMO, INC., Toyota InfoTechnology Center Co., Ltd., and Toyota Motor Corporation announced that they have initiated the formation of the Automotive Edge Computing Consortium. The objective of the consortium is to develop an ecosystem for connected cars to support emerging services, such as intelligent driving, the creation of maps with real-time data, and driving assistance based on cloud computing.

Transocean, one of the world’s biggest drilling rig operators, has agreed a deal to buy Norwegian competitor Songa Offshore for 9.1 billion Norwegian crowns ($1.1 billion).

HSBC, a leading trade finance bank, is working with IBM to develop a cognitive intelligence solution combining optical character recognition with advanced robotics to make global trade safer and more efficient for thousands of businesses.

Sierra Wireless, a leading provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), and Numerex Corp. have entered into a definitive merger agreement under which Sierra Wireless will acquire Numerex in a stock-for-stock merger transaction valued at approximately US$107 million.

Infosys, a global leader in consulting, technology and next-generation services, announced a definitive agreement to acquire Brilliant Basics, a London-based product design and customer experience (CX) innovator known for its world-class design thinking-led approach and experience in executing global programs.