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.
Swedish telecoms incumbent TeliaSonera says it will support M2M connectivity in vans operated by mail-delivery company PostNord, with the aim of developing new fleet-management services based on the experience.
The pilot wills see TeliaSonera (Stockholm, Sweden) install its M2M technology in 20 mail-delivery vans in Stockholm, allowing PostNord (Stockholm, Sweden) to benefit from a range of fleet-management services.
Nearly 50 million “non-trucking” commercial fleet vehicles will be equipped with telematics technology by the end of 2019, according to the latest study from ABI Research.
The market-research company says that telematics services were first adopted by the long-haul trucking industry in the US more than 20 years ago, but that adoption of these services in the non-trucking sector will equal that in the trucking industry in terms of numbers of connected vehicles by the end of this year – and dominate the commercial fleet telematics industry by the end of 2019.
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.
Telefonica claims its pioneering SmartSantander project has exceeded initial expectations and could become a blueprint for the development of smart cities in future.
Launched three years ago with a budget of €8.67 million ($11.93 million), the project in Santander has made use of an array of M2M and Internet of Things technologies, delivering benefits in areas including energy and traffic management and healthcare.
Annual revenue generated from the sale of public cellular communications nodes for smart grid applications will rise from $75.4 million in 2013 to $348.3 million in 2018, according to the latest study from Navigant Research.
While utilities have numerous communications options for connecting nodes on the power grid – including fiber, copper leased line networks and power line communications – there has been an upsurge of interest in the use of cellular networks in recent years.
Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world's biggest online retailer Amazon.com Inc, the Wall Street Journal reported.
Cisco (San Jose, CA, USA) said it will spend the amount to build data centers to help run the new service called Cisco Cloud Services, the Journal reported.
Cisco, which mainly deals in networking hardware, wants to take advantage of companies' desire to rent computing services rather than buying and maintaining their own machines.
The Internet of Things (IoT) industry is set to include 26 billion installed units by 2020, according to new research from Gartner, creating huge challenges for the data-center market.
The rise in the number of units has the potential to shake up the entire data-center market – with implications for customers, technology providers, technologies and sales and marketing models.
By 2020, predicts Gartner, IoT product and service suppliers will generate incremental revenue exceeding $300 billon, mostly in services.