Oracle announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The transaction is valued at $109.00 per share in cash, or approximately $9.3 billion.
The evaluation and negotiation of the transaction was led by a Special Committee of Oracle's Board of Directors consisting solely of independent directors. The Special Committee unanimously approved the transaction on behalf of Oracle and its Board of Directors.
IBM and Vodafone India announced a multi-million dollar five year agreement for IBM to manage IT services support for Vodafone India's IT infrastructure and applications environment.
By bringing together Vodafone India's enterprise data and cloud ready applications into a scalable environment that keeps data local, private and secure, the new IBM hybrid cloud platform will enable delivery of faster and more insightful data intelligence and support faster decision-making.
National Instruments (NI), the provider of platform-based systems that enable engineers and scientists to solve the world's greatest engineering challenges, announced an early access technology platform for Time Sensitive Networking (TSN). In coordination with Cisco and Intel, NI is looking to empower customers to build distributed systems that perform synchronized I/O, code execution, and deterministic communication for distributed control and measurement loops, all using standard Ethernet.
Larsen & Toubro Infotech Limited ("L&T Infotech"), a global Information Technology (IT) services & solutions company and a subsidiary of Larsen & Toubro Limited ("L&T"), announced a strategic alliance with Pegasystems. With this partnership, L&T Infotech becomes a Pega Registered Business Partner, enabling it to provide Pega software expertise and implementation services to its clients.
Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm's second investment in an Israel-based cloud-computing start-up from the company's $500 million innovation fund.
Telit, a global enabler of the Internet of Things (IoT), today announced its multi-faceted collaboration with Tech Mahindra on developing solutions for IoT. The relationship is centered on combining and integrating Telit's portfolio of IoT products and services with Tech Mahindra's system integration experirence in developing end-to-end enterprise solutions. Both companies are also jointly pursuing new business opportunities across many markets and industries, such as IoT and Industrial IoT globally.
Emerson announced an agreement to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4 billion, and Emerson will retain a subordinated interest in Network Power. The sale of Network Power is expected to close by December 31, 2016, subject to customary regulatory approvals.
Siemens has acquired a majority stake (85 percent) in Materials Solutions Ltd., one of the world leaders in Additive Manufacturing (AM) processing and production. The remaining 15 percent is being held by Carl Brancher, the founder of the company. In August 2015, Siemens Venture Capital acquired a minority stake (14 percent) in the company that currently employs more than 20 highly qualified engineers. Financial details of the deal were not disclosed.
Nidec Corporation announced that it entered into an asset and stock purchase agreement with Emerson Electric Co. on August 2, 2016, to acquire the motors, drives and electric power generation businesses of Emerson. The purchase price is US$1,200 million (on a cash and debt-free enterprise value basis), and the consolidation will be all cash. Major acquirees and locations included in this transaction are; Leroy-Somer Holding (France), Control Techniques Limited (UK), Emerson Industrial Automation USA LLC (USA), Kato Engineering Inc.
Yokogawa Electric Corporation announces that it has invested in FogHorn Systems, Inc., a Silicon Valley startup that is a leading developer of fog computing technology. Through its investment in this company, Yokogawa aims to foster their development of fog computing technology. In so doing, Yokogawa hopes to expand the range of solutions that it provides.