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HP To Buy Samsung’s Printing Business For Over $1 Bn

HP has announced to acquire Samsung Electronics Co., Ltd.’s printer business in a deal valued at $1.05 billion. According to the official press release, Samsung Electronics will sell the entire global operations and assets of its printing business to HP. This is the largest print acquisition in HP’s history and accelerates its growth opportunities in the copier segment. The deal also strengthens its leading laser printing portfolio that has been established with Canon. Samsung will spin off the Printing Business Unit into a separate company as of Nov. 1 upon the...
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Accenture To Acquire Australian Security Company Redcore

Accenture has entered into an agreement to acquire Redcore, a privately held Australia-based consulting company that specializes in providing identity and access management services (IAM), as well as security services for Cloud, network management, public key infrastructure, cyber defense, applications and the internet of things. The acquisition is subject to customary closing conditions. Financial terms are not being disclosed. As part of its offerings, Redcore develops holistic authentication, authorization and administration services across a range of cloud, web, mobile and adaptive access-management technologies. Redcore has deployed multiple large-scale cybersecurity solutions,...
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Kwan Acquires Online Entertainment Marketplace Gigstart

One of India’s leading entertainment conglomerates, Kwan today announced the acquisition of the entertainment start-up Gigstart. Gigstart is an online marketplace that facilitates swift and transparent connections between entertainers and event and party planners. The company also announced the launch of a highly user-friendly mobile app. A first of its kind of booking service, Gigstart verifies and reviews all the artists before listing them on the site. The newly launched mobile app will further provide easy access to the various entertainment options, guiding party planners to the best-suited artists and...
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Verizon Aims To Enhance Its IoT Presence With Fleetmatics Deal

Verizon Telematics is betting big on its IoT business. Company’s latest acquisition of Fleetmatics, a web-based fleet management company for USD 2.4 billion, is considered to be a further step towards becoming a leading players in the IoT space. Verizon, the second-biggest wireless provider in the U.S. by market value, has entered an agreement to acquire Fleetmatics in a deal valued at $2.4 billion. With approximately 1,200 employees, Fleetmatics is headquartered in Dublin, Ireland, with North American headquarters in Waltham, Mass. The company’s Web-based solutions provide fleet operators with visibility...
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