TechTaffy

tech:

taffy

Xactly to be acquired by Vista Equity Partners for $564M

By TechTaffy Desk

Cloud-based incentive solutions Xactly has entered into a definitive agreement to be acquired by Vista Equity Partners for approximately $564 million.

J.P. Morgan Securities is acting as exclusive financial advisor and Wilson, Sonsini, Goodrich & Rosati, is serving as legal advisor to Xactly. Vista’s legal advisor is Kirkland & Ellis.

[Image courtesy: Xactly]

Just in

IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu.