Publicis to buy Microsoft's Razorfish for cash & stock; Razorfish to operate under brand nameAugust 9th, 2009 Publicis to buy Microsoft's Razorfish for $530MNEW YORK —French advertising company Publicis Groupe SA has agreed to buy Microsoft Corp.'s digital advertising firm Razorfish in a move to boost its share of advertising on the Web, according to a joint statement released Sunday. The deal is valued at $530 million, comprised of cash and 6.5 million Publicis Groupe treasury shares.
Ebix acquires software maker E-Z Data for $50.3 million in cash and stockOctober 1st, 2009 Ebix acquires E-Z Data for $50.3 millionATLANTA — Software supplier Ebix Inc. said Thursday that it acquired software maker E-Z Data Inc.
Qantas praises Mahindra Satyam as a good value partnerSeptember 2nd, 2009 MELBOURNE - Qantas has praised outsourcing partner Mahindra Satyam's performance despite the latter being embroiled in a much-publicised billion-dollar accounting scandal. According to Australian IT, Qantas corporate services and technology executive manager David Hall said despite the fraud saga, Satyam continues to service the Flying Kangaroo.
Video software firm On2 vows to fight lawsuits challenging Google acquisitionAugust 13th, 2009 On2 vows to fight challenges to Google acquisitionDOVER, Del. — Video software firm On2 Technologies said it will fight legal challenges to its planned acquisition by Google Inc.
Facebook registers 200 million usersApril 9th, 2009 SAN FRANCISCO - Five years after it was founded in a Harvard dorm room, the online social networking site Facebook has registered its 200 millionth user, the site confirmed Thursday. 'Growing rapidly to 200 million users is a really good start, but we've always known that in order for Facebook to help people represent everything that is happening in their world, everyone needs to have a voice,' said Facebook founder and CEO Mark Zuckerberg.
HSBC Bank Will Adopt SUSE Linux With Microsoft's SupportMarch 14th, 2007 Major international bank HSBC will standardize its Linux deployments on Novell's SUSE distribution, with Microsoft's premium support. The HSBC deal requires Microsoft to supply the bank with three-year priority support subscriptions to Novell's SUSE Linux Enterprise Server.
Offer from Russian investor puts value of at least $6.5 billion on FacebookJuly 13th, 2009 Offer puts value of at least $6.5B on FacebookNEW YORK — How much is Facebook worth? A Russian investment firm appears to put it at $6.5 billion to $10 billion. The investment group, Digital Sky Technologies, said Monday it will buy up to $100 million worth of Facebook shares from current and former employees.
Compuware CEO Karmanos sees compensation dip 29 percent in 2009 to $4.2 million: AP tallyJune 5th, 2009 AP: Compuware CEO Karmanos compensation dips
NEW YORK — Mainframe software maker Compuware Corp.'s chief executive, Peter Karmanos Jr., was awarded compensation for fiscal 2009 valued at $4.2 million, down 29 percent from a year earlier, according to an Association Press calculation. Karmanos, 66, received a salary of $1.2 million, up from $1.05 million a year earlier.
Wipro to acquire Citigroup's Indian IT subsidiaryDecember 22nd, 2008 BANGALORE - India's second largest IT bellwether Wipro Technologies Tuesday announced acquisition of Citi Technology Services, the India-based captive provider of IT services and solutions to Citigroup entities worldwide, for $127 million in an all-cash deal. As part of the deal, Wipro and Citi will sign a Master Services Agreement for delivery of technology infrastructure services and application development and maintenance services for six years, which is projected to accrue $500 million during the contract.
Microsoft-Yahoo deal draws antitrust probeSeptember 11th, 2009 SAN FRANCISCO - The US Department of Justice is looking into the advertising and search alliance between Microsoft and Yahoo, the companies said Friday. Yahoo and Microsoft, which trail a distant second and third respectively to Google in the internet search market, announced their deal in late July in a bid to combine forces and challenge the web giant.
Twitter raises another large investment; published reports say deal values company at $1BSeptember 25th, 2009 Something to tweet about: Twitter gets more doughSAN FRANCISCO — Twitter Inc. has raised $100 million in a deal that values the startup at $1 billion — even though the 3-year-old company still hasn't generated any meaningful revenue.
Google to buy video compression company On2, could help cut costs for YouTubeAugust 5th, 2009 Video-compress tech could help lower YouTube costsMOUNTAIN VIEW, Calif. — Google Inc.
Alvarion shares jump after deal with Italian wireless Internet companyJune 23rd, 2009 Alvarion shares climb after Italy dealNEW YORK — Shares of Alvarion Ltd. jumped Tuesday after the Israeli provider of wireless broadband technology and services said it was chosen to deploy a nationwide mobile wireless data network in Italy.
Oracle's billionaire CEO Larry Ellison gets $84.5M pay packageAugust 22nd, 2009 Oracle's billionaire CEO gets $84.5M pay packageSAN FRANCISCO — Oracle Corp.'s billionaire CEO Larry Ellison padded his fortune with a fiscal 2009 pay package the company valued at $84.5 million, down about $100,000 from the year before and made up mostly of stock options that haven't vested yet. On top of that, Ellison made $124.2 million by exercising 10 million stock options during the latest fiscal year, which ended May 31, according to the Redwood Shores, Calif.-based company's annual proxy filing Friday with the Securities and Exchange Commission.
Epicor Software inks deal amending its credit facilityOctober 6th, 2009 Epicor Software amends deal for line of creditIRVINE, Calif. — Epicor Software Corp.