Healthcare IT player IMS Health is expecting to price its initial public offering at between $18 and $21 a share, which would value the company at $6.97 billion, according to a report from Reuters.
The company, backed by TPG Capital Management (Fort Worth, TX, USA), is hoping to raise as much as $1.36 billion from the sale of 65 million shares.
According to Reuters, IMS (Parsippany-Troy Hills, NJ, USA), will sell some 52 million shares during the offering, with the remainder being put up for sale by shareholders.
Fitness bands and mobile health gadgets were rated as two of the three most popular types of wearable device in a recent survey conducted by Nielsen.
Some 61% of respondents chose fitness bands when asked about their wearable-device preferences, with 17% picking mobile health devices.
Meanwhile, 45% of respondents opted for smart watches.
Most fitness band owners (57%) said the ability to self-monitor was a major factor in their decision to purchase the technology, along with concern about their health.
A group of telehealth and scientific experts has come together to form a new telehealth company calling itself the TeleHealth International Partnership (TIP).
The TIP (Atlanta, GA, USA) says its mission will be to deliver worldwide access to healthcare through the innovative use of technology, including telemedicine and health information exchange.
Technology services provider Xchanging has made a $1 million investment in enterprise middleware provider MachineShop aimed at supporting product development and sales and marketing activity in the Internet of Things (IoT) area.
Xchanging (London, UK) says it has partnered with MachineShop (Boston, MA, USA) since January 2013, but is keen to “penetrate the burgeoning IoT market further”.
Logistics and supply-chain management player Ryder System says it has opened a new truck maintenance and rental facility in Schertz, Texas that will provide mobile maintenance and telematics services to its customers.
According to the company, the facility will offer a rental fleet equipped with GPS telematics technology, making Ryder the “only company in the market with a facility offering both vehicle rental and mobile maintenance”.
Rand McNally says it has enhanced its fleet-management service through a deal with Drivewyze that will help commercial truck drivers to bypass weigh stations.
The Drivewyze (Edmonton, Canada) PreClear service allows drivers to clear weigh station requirements before reaching the location, and Rand McNally (Skokie, IL, USA) is to make that service available on its suite of mobile fleet-management devices.
The technology works by communicating safety-related data in real-time as a truck approaches a weigh station.
GE has taken the wraps off a new connected air-conditioning unit developed in partnership with engineering company Quirky and aimed at lowering energy costs for US consumers.
Branded Aros, the unit represents Quirky’s (New York City, NY, USA) first major connected appliance but the fifth product that has been launched in collaboration with GE (Fairfield, CT, USA), which announced a tie-up with Quirky back in April 2013.
In a statement, GE said that Aros is immediately available through Amazon.com and will be sold through major US retailers from May.
Utility Partners of America (UPA) says it has already replaced about 150,000 digital electric meters as part of a system-wide smart-meter upgrade for the Orlando Utilities Commission (OUC).
Noting that work on the OUC (Orlando, FL, USA) project is proceeding according to plan, the smart-meter player said the rollout would allow OUC to offer a “smarter energy choice” to customers benefiting from the new technology.
Apex CoVantage says it has been chosen to supply installation and project-management services to the US Virgin Islands Water & Power Authority (VIWAPA) as part of the utility’s smart-metering deployment.
The smart-grid specialist claims to have been selected during a “competitive bidding process, from a group of highly capable companies”.
Apex (Herndon, VA, USA) has developed a full enterprise resource planning platform for mobile workforce management – branded ProField – and this platform will be used to manage various deployment activities on the VIWAPA project.
China wants a clear explanation from Washington over a report that the U.S. National Security Agency infiltrated servers at the headquarters of telecoms giant Huawei Technologies Co., a Chinese foreign ministry spokesman said on Monday.
Hong Lei, the spokesman, said China was "extremely concerned" about the spying allegations.
"Recently, the international media has put out a lot of reports about the eavesdropping, surveillance and stealing of secrets by the United States of other countries, including China," he told a regular briefing.