Riverbed Technology has opened a new global Research and Development facility in Bangalore, India, and announced plans to expand its engineering team in the region by three-fold over the next several years.
Verizon buys Yahoo for $4.83 billion
Verizon Communications has confirmed its acquisition of Yahoo’s core Internet business for about $ 4.8 billion in cash.
Ericsson CEO steps down
Ericsson’s Board of Directors has announced the departure of the company’s president, CEO and board member Hans Vestberg.
Trend Micro releases report on cyber-attacks in mining sector
According to a recent report by Trend Micro, the mining industry is being targeted by cyber criminals with the most recent attack recorded in April 2016, when hackers leaked 14.8 GB of data from the Canadian mining corporation Goldcorp.
Intel profit slides due to restructuring costs
Intel has reported that its profits dropped last quarter due to heavy costs from a restructuring announced in April, however, company sales were up fueled by the strong performance of the company’s data centre group.
SUSE, HPE introduce new data storage solution
SUSE and HPE have introduced a Scalable Object Storage Solution with SUSE Enterprise Storage, which according to both companies, can enable customers to effectively manage their problems of data storage at a massive scale.
Microsoft phone sales plummet
Microsoft has reported the strong performance of its cloud offering last quarter, with revenue from its Azure services more than doubling from the same period last year.
EMC shareholders back Dell deal
EMC shareholders have approved the company’s upcoming multi-billion dollar acquisition by Dell, setting the wheels in motion for what’s been coined as the biggest technology merger in the industry.
Etisalat launches virtual telecom function
Etisalat has announced that it successfully on-boarded its first virtualised telecom function using Affirmed Networks’ virtualised Evolved Packet Core (vEPC) solution, which follows the launch of its first NFV telco cloud.
Samsung looking to invest in electric cars
Samsung Electronics is on the verge of making a substantial investment in BYD, a Chinese manufacturer of electric cars and batteries.