TechTaffy

tech:

taffy

Cisco Acquires ThinkSmart Technologies

By TechTaffy Desk

[Techtaffy Newsdesk]

Cisco has acquired ThinkSmart Technologies, headquartered in Cork, Ireland. ThinkSmart Technologies is a software company that delivers location data analysis using Wi-Fi technology.

ThinkSmart’s location analytics collects information on movement within a venue including time of day, traffic patterns and dwell times. This information can help enterprises and venue operators improve customer experience by identifying appropriate staffing levels, reducing wait times, optimizing business processes, and improving customer flows, says Cisco.

ThinkSmart, initially formed at the Incubation Centre of University College Cork, joins Cisco’s Wireless Networking Group. The acquisition closed in the first quarter of Cisco’s fiscal year 2013.

The size of the deal was not shared.

Just in

Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
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.