Cisco announced it will acquire publicly-held BroadSoft, Inc., the global communication software and service provider headquartered in Gaithersburg, MD. Cisco will pay $55 per share, in cash, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition has been approved by the board of directors of each company.
Cloud and Enterprise Business
Accenture and Apple have partnered to help businesses transform how their people engage with customers through innovative business solutions for iOS. The partnership will take full advantage of the iOS platform, and Accenture's capabilities as a leader in industry and digital transformation, to help companies unlock new revenue streams, increase productivity, improved customer experience and reduce costs.
The need for an enhanced and faster social media experience is more essential than ever. Understanding that need, GBI, a global cloud, connectivity and content enabler that owns and operates a smart, fully managed service network, is teaming up with social media platforms, content delivery networks and global cloud providers in the Middle East. Regional users will now experience a faster connection to the media and contents hubs, reducing the waiting time for content to reach the viewer.
ADVA Optical Networking announced financial results for its 2017 second quarter ended on June 30, 2017. The results have been prepared in accordance with International Financial Reporting Standards (IFRS).
VIVA Bahrain, a fully owned subsidiary of Saudi Telecommunications Company (STC), has successfully tested and deployed the world's first ATCA-NFV Hybrid Cloud Core Network with Huawei, as a further step in its vision towards advanced mobile network services technologies.
Oracle announced 1000 new jobs in Europe, Middle East and Africa. Under the 'Change Happens Here' banner the company is hunting for the next generation of ambitious, driven, digitally savvy sales representatives to support the growth of Oracle's Cloud computing business.
Huawei and American IT company Riverbed announced an important partnership that will bring together the power of Huawei's CloudEPN (Cloud Enterprise Private Network) and market-leading Riverbed SteelHead, which accelerates the delivery of applications, to make it easier for enterprises to manage their networks and optimize performance in the cloud.
Businesses in Saudi Arabia are rapidly embracing cloud infrastructure (IaaS) to boost performance and innovation levels, new research from Oracle has revealed. While negative perceptions around security, complexity and loss of control still present barriers to adoption, they are shown to be outdated myths, with those that have moved to IaaS proving the reality is far more positive.
WeDo Technologies, a worldwide leader in revenue assurance and fraud management, announced that TPx Communications, a US-based premier provider of unified communications, managed IT and network connectivity, has selected its RAID Fraud Management Solution (FMS) to protect its expanding network and its customers from fraud.
The European Commission has fined Google €2.42 billion for breaching EU antitrust rules. Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service, according to a European Commission statement. The company must now end the conduct within 90 days or face penalty payments of up to 5% of the average daily worldwide turnover of Alphabet, Google's parent company.