Acquisition stories - Page 144

Cisco has taken over leadership of the cloud infrastructure equipment market, just one quarter after IBM's share of the market had hit a two-year high.

Citrix Systems NZ acquires Wellington-based Beetil for $4.5m, expanding its IT support services and integrating Beetil's proficient team.

Google edges out Apple and Facebook to acquire GPS app Waze for $1.3bn, bolstering its mapping services with real-time data.

EMC VSPEX touted as the go-to for simplifying virtualisation, promising cost savings and flexibility, revealed at Westcon Imagine event.

Yahoo set to acquire Tumblr for $1.1bn, boosting its tech portfolio and aiming to let the blogging site run as a standalone business.

Vodafone New Zealand's general counsel David Kreider retains his NZD $541,000 salary after a ruling found his role unchanged despite a corporate restructure.

Telecom's Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit.

Telecom said annual earnings will be at the low end of guidance because of competition in fixed-line sales and a margin squeeze at its Gen-i unit.

NZ companies harness Big Data, transforming business with customer insights, enhanced services and innovative solutions.

Distribution Central and Avaya team up to target SME Unified Communications market in Australia and New Zealand.

Lenovo has exited takeover discussions with IBM over the valuation of IBM's X86 server business, refusing a USD $6 billion offer.

Telecom denies Gen-i severance rumors as completely false, reaffirms plans to acquire Revera for $96.5 million.

Telco ramps up its data centre and cloud offer with conditional agreement to acquire privately-owned Kiwi IT company.

Gen-i offers severance packages to over 2,000 staff to fund its acquisition of Revera, hoping to re-enter the government IT services market.

World's second-largest PC maker considers acquisition of IBM's X86 server business, rumoured to cost as much as US$6 billion.

Google reports a strong start to 2013 with revenues rising 31% to USD $13.97 billion, despite slightly missing Wall Street forecasts.

Yahoo CEO Marissa Mayer gears up for a mobile-first revamp, aiming to make the company a key player in the mobile space.

Evidently, cunning miscreants are seeking out the weakest link in information supply chains - the small business.

Datacom is selling its Asian call centres to Convergys for $A20 million, with 1,000 employees joining Convergys.

Acquisition increases the company's presence in the region, paving the way for a cloud-based communications services launch in New Zealand.