Fujitsu of Japan is buying Siemens' 50% stake in their European IT joint venture. The takeover is the latest example of consolidation in the technology industry in response to intense competition and sluggish demand. Fujitsu will pay about €450m ($584m) for Siemens' stake in Fujitsu Siemens Computers, which supplies PCs, servers and other IT hardware in Europe.
Simon Fox, 05 November 2008
The UK-based European wireless broadband provider, The Cloud has raised €15m (£8.5m) of new investment in a third round of venture funding, which should enable it to continue with its European expansion.
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Simon Fox, 02 October 2008
Intuit, the accounting systems and book-keeping solutions player, has confirmed it is moving into the Software as a Service market, with new applications in field services, inventory handling and sales management, which could see the company competing against Salesforce.com.
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Simon Fox, 22 September 2008
UK Government regulators have ruled that Phorm, which uses behavioural data to deliver targetted advertising will be allowed to run its ad serving system in the UK, but it will be required to adhere to a strict set of rules, including obtaining consent from users and providing a clear opt-out...
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Simon Fox, 17 September 2008
Best Buy, the largest US consumer electronics retailer, is acquiring Napster, the music download provider, for $121m as it seeks to establish itself as a significant player in the global market for mobile devices and digital services.
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Simon Fox, 16 September 2008