Verizon to Acquire Fleetmatics for $2.4 Billion

Verizon Communications agreed to acquire Fleetmatics Group PLC (NYSE: FLTX)for $60.00 per share in cash – representing a value of approximately $2.4 billion. Fleetmatics offers software-as-a-service (SaaS) fleet management solution that provides operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce. As of March 31, 2016, Fleetmatics served approximately 37,000 customers and...

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NBC Olympics selects Microsoft Azure for Cloud Encoding/Hosting

NBC Olympics will be using Microsoft Azure to provide cloud encoding and hosting with video workflows of the upcoming Olympic games in Rio. NBCOlympics.com plans to post a record 4,500 hours of online conten from the Olympics. This is the second Games for which NBC Olympics has chosen Microsoft Azure to assist with live and on-demand multiplatform streaming coverage. With the proliferation of connected devices, viewers this year will tune into...

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IBM Develops Bio Lab-on-Chip Technology

IBM is developing a new lab-on-a-chip technology that separates biological particles down to 20 nanometers (nm) in diameter, a scale that gives access to important particles such as DNA, viruses and exosomes. IBM said the technology offer potential to diagnose diseases before patients experience any physical symptoms and when the outcome from treatment is most positive. Until now, the smallest bioparticle that could be separated by size with on-chip...

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Equinix Buys Paris Data Center from Digital Realty

Equinix completed its acquisition of Digital Realty's operating business in St. Denis, Paris, including its real estate and data center facility, for EUR €189,750,000 (approximately USD $211 million). The site currently houses Equinix's PA2 and PA3 International Business Exchange (IBX®) data centers. Equinix said purchasing the St. Denis facility adds approximately 1,000 cabinets of sold capacity to the 5,000 cabinets Equinix has already sold...

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Frontier Posts Q2 Revenue of $2.68 Billion

Frontier Communications reported Q2 revenue of $2,608 million, including contributions from the fully integrated assets Frontier acquired from Verizon in California, Texas, and Florida (CTF). “We are very pleased with the performance of our newly acquired assets and our achievement of annualized cost synergies of $1 billion in the second quarter. We now expect annual cost synergies related to the acquisition of $1.25 billion, up from our original...

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KYOCERA to Acquire Melles Griot KK for Optical Components

Kyocera agreed to acquire all shares in Melles Griot KK — a Japan-based manufacturer specializing in optical components which is currently a subsidiary of U.S.-based IDEX Corporation. Kyocera Optec Co. specializes in optical components for the automotive market as well as for the factory automation (FA) and medical markets. Melles Griot KK possesses development and manufacturing technology for large caliber lenses and high precision lenses used...

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