Acquisition stories - Page 106

NVIDIA is set to acquire Cumulus Networks to bolster its push into software-defined data centres, leveraging Cumulus NetQ for enhanced control and analytics.

The acquisition, which is to be paid in cash and stock, is expected to close during the second quarter of 2020, says Rapid7.

Despite economic issues, the wearables market is growing, Futuresource Consulting claims. Amongst this, Google inches closer to swallowing Fitbit.

NVIDIA has finalised its US$7 billion acquisition of Mellanox Technologies, merging computing and networking expertise to revolutionise data centres.

APAC IT vendors have a significant revenue growth opportunity in digital transformation post-COVID-19, says GlobalData. Increased digital adoption expected.

In IDC's Asia/Pacific Managed Security Services 2020 Vendor Assessment, Accenture was recognised for its approach to both industry and customers.

Verizon Business boosts its unified communications portfolio by acquiring BlueJeans Network, integrating its video platform with Verizon's UCaaS business.

James Mundle appointed as Quantum's new global channel chief as the company expands its leadership in storing video and unstructured data.

Acquisition may be inevitable for smaller vendors of meeting room control vendors as remote working becomes the new norm, according to Futuresource.

Post-Royal Commission, Australian financial institutions turn to data virtualisation for compliance, ensuring transparency and operational efficiency.

Based in Melbourne, Farrokhnia will be responsible for developing the Zscaler channel in line with the company's growth strategies.

Zscaler plans to acquire Cloudneeti, a Cloud Security Posture Management firm, to enhance data protection on its Cloud Security Platform.

Nutanix has been awarded the Gartner Peer Insights Customers' Choice for Hyperconverged Infrastructure for the second year in a row.

Myriota has raised A$28 million in series B funding, with a view to grow its satellite network and extend support for billions of devices.

Macquarie has acquired an 88% stake in AirTrunk, valuing the hyperscale data center provider at over A$3bn ($2.2bn).

The acquisition will see Infor's product design and technology, 68,000 customers and 17,000 global employees under Koch Industries' leadership.

Nutanix appoints Lee Thompson as managing director for Australia and New Zealand, aiming to expand its presence in the region.

Myriota has bolstered its North American presence by securing a deal with exactEarth, involving satellite assets and spectrum licences, for CA$600,000.

Denodo, the data virtualisation provider, has experienced worldwide growth in 2019 thanks to strong year-end momentum and quality customer interactions.

The IT industry did well in the S&P 500 index, where the industry accounted for 14.2% of the index constituents as of 31 January this year.