New Zealand Telecom is to ramp up its activities in the burgeoning market for cloud services following a $96.5 million ($82.5 million) takeover of infrastructure and data center specialist Revera.
The New Zealand telecoms incumbent said it would fund the acquisition through cash and existing borrowing facilities and expects the deal to close in May.
It will continue to run Revera (Auckland, New Zealand) as a standalone business, providing customers of Gen-i –New Zealand Telecom’s ICT services division – with access to additional cloud capabilities and data center capacity.
Gases and engineering giant Linde has teamed up with fluorochemicals distribution company Pelchem on the development of Micro-Electro-Mechanical Systems (MEMS) that are seen as crucial building blocks for M2M services.
The two companies say they have formed a strategic partnership to distribute xenon difluoride, a material used in the manufacture of MEMS - widely used in many mobile and automotive applications, such as accelerometers, pressure sensors, compasses and microphones.
Tired of checking the washing machine to see if a cycle has completed, or worrying that the lights were left on at home? Apps are increasingly helping people monitor and control objects remotely on their mobile devices.
From Internet-connected washing machines and smart refrigerators to bathroom scales, gadgets that connect to the Internet are on the rise in homes, and apps are the means to monitor and control them.
PayPal will soon be ubiquitous in U.S. retail stores, but just being there may not be enough.
The online payment service will take a giant step beyond its Internet roots on April 19, when a partnership with Discover Financial Services (Riverwoods, IL, USA) officially kicks in. The deal means that, by the end of this year, PayPal will be accepted as a payment option in roughly 2 million retail stores that already take Discover credit cards.
Telecom network equipment maker DragonWave Inc
Cash-strapped DragonWave (Ottawa, Canada), which has been trying to reduce costs since it acquired Nokia Siemens's microwave technology business last June, said last month that it would cut costs further but did not specify what the measures were.
The company cut 116 jobs in Ottawa and Israel in 2012.
Shipments of so-called MFF2 SIM cards designed to withstand the harsh conditions of various M2M deployments rose by 42%, to 5 million, between 2011 and 2012, according to new figures released by trade association the SIMalliance.
The organization said the increase illustrates the potential of the M2M opportunity and expects to see further growth in the next few months as applications are introduced in new vertical markets.
The Weightless Special Interest Group (SIG) says it has ratified version 1.0 of its standard for the use of M2M communications in TV white-space spectrum.
The standard has been in development for more than two years, backed by organizations including chip designer ARM (Cambridge, UK), Vodafone-owned communications group Cable & Wireless Worldwide (Bracknell, UK) and web giant Google (Mountain View, CA, USA).
Antenna provider Antenova is to rebrand itself as Antenova M2M and focus on building its position in the M2M and connected-device markets following the departure of chief executive Greg McCray in February.
With McCray now heading up ACAL Energy (Runcorn, UK) – a developer of fuel cell systems – Antenova (Cambridge, UK) is reportedly being led by managing director Chris Flack.
The company says its antenna solutions already have a proven track record in a range of M2M settings, including telematics, automatic meter reading, m-health, wireless security and home automation.
EBay Inc's payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company's online marketplaces.
PayPal (San Jose, CA, USA) has already tested a financing program for eBay sellers in the UK and it plans similar tests in the United States this year, a company spokesman said on Tuesday.
Chinese equipment maker Huawei expects its revenues to grow at a compound annual rate of 10% over the next five years, despite the current slowdown in the equipment market and its difficulties in the US.
Huawei (Shenzhen, China) provided the forecast after reporting that net profit for 2012 was 32% higher than for 2011, at RMB15.4 billion ($2.48 billion), with revenues up 9%, to RMB220.2 billion.
“In 2012, Huawei met business performance expectations through improved operational efficiency,” said Guo Ping, Huawei’s rotating and acting chief executive.