Category: Technology
Sonomax Technologies announces proposed private placement
Sonomax Technologies Inc. announced that it is organizing a private placement of up to 60 million units at $0.05 per unit for maximum gross proceeds of $3 million. Each unit will consist of one common share and one-half (½) of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one [...]
LANDesk Software acquires data analytics company
LANDesk Software announced that it has acquired Managed Planet, a data analytics company based in Dallas, Texas. Financial terms of the transaction were not disclosed. “Acquisitions represent an important component of our growth strategy and this announcement marks a shift to accelerated growth for LANDesk,” said Bob Macfarlane, LANDesk’s vice president of corporate development. “LANDesk [...]
Microsoft, Facebook enter patent agreement
Microsoft Corp. announced that it has signed a definitive agreement with Facebook, a social media giant. Under the agreement, Microsoft will assign to Facebook the right to purchase a portion of the patent portfolio it recently agreed to acquire from AOL Inc. Facebook has agreed to purchase this portion for $550 million in cash. In [...]
Poynt announces $8 million convertible debt financing
Poynt Corp., a provider of mobile local search and advertising services, announced a non-brokered private placement of up to $8 million principal amount of secured convertible debentures. The debentures shall mature 36 months from the date of issuance and are convertible into common shares of the company at the holder’s option at a price of [...]
KANA Software acquires cloud customer service provider Trinicom
KANA Software Inc. announced that it has completed its acquisition of privately-held Trinicom, a provider of cloud-based web customer service (WCS) and customer interaction software. Terms of the deal were not disclosed. Trinicom, based in the Netherlands, serves more than 200 predominantly mid-sized organizations in both the public and private sector, offering fast, efficient access [...]
Toshiba plans to build new semiconductor facility in Thailand
Toshiba Corp. announced that it will rebuild its semiconductor manufacturing operations in Thailand by relocating Toshiba Semiconductor Thailand Co. Ltd. to a new manufacturing facility. The move will position the company to meet future growth in demand and replace the factory inundated by the 2011 floods. The new facility will be located at the 304 [...]
Integrated Device Technology names SVP – worldwide sales
Integrated Device Technology Inc., the analog and digital company delivering essential mixed-signal semiconductor solutions, announced that it has appointed Tom Sparkman as senior vice president of worldwide sales. With more than 20 years of sales and senior leadership experience in the analog and mixed-signal semiconductor industry, Sparkman is ideally suited to drive the next phase [...]
Caterpillar to sell distribution business to WesTrac
Caterpillar Inc. said it has reached an agreement with Seven Group Holdings Ltd. Subsidiary WesTrac Pty Ltd. to sell its distribution and support business for about $400 million. The business is formerly operated by Bucyrus in Western Australia, Australian Capital Territory and New South Wales. “The acquisition of the Bucyrus distribution and support business will [...]
SUMOTEXT acquires g8wave Mobile
SUMOTEXT Corp. announced it has acquired g8wave Mobile, the mobile marketing division of The Phoenix Media/Communications Group. Financial terms of the deal were not disclosed. Phoenix Media’s g8wave division developed and operated its own mobile marketing and mobile giving platform in both the United States and the United Kingdom for over a decade. “SUMOTEXT has [...]
Oracle acquires Taleo
Oracle Corp. said it has completed the acquisition of Taleo. The company did not disclose financial details. “Taleo’s leading cloud-based offerings support the talent management and recruiting efforts of some of the world’s largest and most demanding companies, provide insight into how people strategies impact their businesses, deliver intuitive ease of use, scalability, and uptime, [...]
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