Microsoft has announced that is has acquired Xoxco, an Austin-based software startup which focuses on bot development and conversational artificial intelligence. The value of the deal was not disclosed by the companies, but sources close to the matter commented the acquisition aligns well with Microsoft’s …
Paytm has recently set up a wholesale arm for its ecommerce business, competing with market leaders Amazon and Flipkart who have progressively leveraged their wholesale ventures in recent years. Regulatory filings confirmed that Paytm Wholesale Commerce was incorporated with Rs 20 crore share capital and …
CargoX, a logistics company headquartered in Slovenia, has reportedly announced that it has launched the shipping industry’s first ever neutral, open & accessible blockchain platform – CargoX Platform. The new platform reportedly offers a secure and decentralized environment for sending digital documentations through a public …
AstraZeneca, the pharmaceutical firm headquartered in Cambridge, has confirmed the sale of the U.S. rights to Synagis®, which is used for preventing respiratory tract infections, to specialty biopharmaceutical company Sobi AB. The multibillion-dollar deal would also involve nearly 130 workers being transferred to the Swedish …
Globally renowned network hardware provider, Cisco Systems, Inc., in a bid to offer its customers enhanced IT service, plans to integrate its SD-WAN (software-defined wide-area networking) software with security features while improving support for cloud services. As per Ramesh Prabagaran, Cisco’s Senior Director of Product …
Kaloom, Inc. has reportedly announced a partnership with open source solutions provider Red Hat, Inc., near the launch of the Red Hat virtual central office (VCO) solution, which is a Virtual Central Office solution for the deployments of multi-vendor NFV at the edge. Apparently, this …
Marking quite a radical departure from its primary car-pooling business, BlaBlaCar, the world’s renowned long-distance ridesharing community, has recently announced a surprise offer of acquiring Ouibus, a French intercity bus service provider. Reportedly, the negotiators are still working on the deal, and nothing has been …
Japan’s SoftBank Group’s mobile unit has recently cleared a 2.4 trillion yen IPO (initial public offering) and has received a green signal from the Tokyo Stock Exchange. Reportedly, the IPO is said to be one of the biggest ever and will be feeding the company …
