LONDON (Reuters) - British data center provider Telecity Group Plc has agreed a non-binding $2.2 billion all-share deal to buy New York-listed Interxion Holding NV, looking to tap growing demand for "cloud" technology.
Shares in Telecity, which like its new partner operates some of the huge computer centers which process traffic on the Internet, rose more than 16 percent to their highest in some 19 months.
LONDON (Reuters) - IBM is enjoying a wave of major technology outsourcing deals from European customers in the fourth quarter and the new contract signings are not over yet, an executive for the computer services giant said in an interview.
Late on Tuesday, IBM announced the third in a string of billion dollar plus contracts, saying it had won a seven-year, $1.25 billion deal with WPP, the world's top advertising firm, to run WPP operations in the cloud.
AMSTERDAM (Reuters) - IBM has signed a 10-year, multi-billion dollar deal to provide computer infrastructure services to Dutch bank ABN Amro running on its cloud systems, the U.S. information technology firm said on Monday.
The deal comes as the U.S. company is trying to gain momentum in the market for Internet-delivered services, known as cloud computing. IBM will provide fully managed services for mainframe computers, servers, storage and end-user computing as well as a help desk and other technical support. IBM did not disclose financial details of the deal.
BEIJING (Reuters) - Cisco Systems Inc will establish an $80 million joint venture with Chinese hardware manufacturer TCL Corp to invest in commercial cloud computing services, TCL said in a stock exchange filing on Thursday.
Cisco will invest $16 million in the new firm, which has not been named and is still being registered, and hold a 20 percent stake, the filing said. TCL will pay $64 million for an 80 percent share. These investments will be made over three stages, each of which will require the approval of both parties. No timeframe for the investments was given.
SAN FRANCISCO (Reuters) - Microsoft Corp has joined Qualcomm Inc and other technology companies in a bid to establish standard ways for household devices like light bulbs and thermostats to talk to each other.
The Qualcomm-backed AllSeen Alliance is among a growing number of efforts for companies working alone or in groups to promote protocols for how smart devices should work together in a trend increasingly referred to as the Internet of Things.
LONDON (Reuters) - Vodafone is buying an Italian car electronics maker for 145 million euros ($197 million), seeking to get ahead in the race to connect more products to the internet and offset slowing growth in its core mobile phone business.
IBM recently announced that it was greatly expanding its BlueMix PaaS offering to help developers use cloud services, and now the company says that it has added capabilities that could benefit companies looking to deploy IoT and M2M solutions.
Since its expanded, open, beta launch several weeks ago – based on IBM’s (Armonk, NY, USA) middleware and third-party technologies – the company claims there has been quick uptake on BlueMix from both web-only and enterprise developers looking to deploy embedded devices.
B&B Electronics has formed a partnership with SeeControl aimed at developing predictive monitoring solutions for industrial Internet of Things (IoT) applications.
The network connectivity specialist said the partnership represented the first of several announcements it was due to make regarding strategic relationships with clod-based data analytics companies.
Systems integrator Logic PD and M2M specialist SeeControl have formed a partnership aimed at speeding up the development of Internet of Things (IoT) services.
Through the tie-up, SeeControl (Redwood City, CA, USA) will provide an IoT platform and associated integration methodology to support Logic PD’s (Minneapolis, MN, USA) Adrenaline series – a service designed to let customers test M2M concepts they intend to bring to market.
Jasper Wireless has raised $50 million in a new round of financing led by Singapore’s Temasek.
The M2M platform provider says it will use the funding to expand its service, claiming that it now serves around 1,000 enterprise customers and has partnerships with 19 operators around the world.
“After nearly a decade partnering with enterprises and operators, we know one thing with absolute certainty: the Internet of Things is not about things, it is about service,” said Jahangir Mohammed, the founder and chief executive of Jasper (Mountain View, CA, USA).
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