IBM Closes Algorithmics Acquisition For $380.2 Million

IBM has closed its acquisition of Algorithmics.  Algorithmics provides software and services for improved business insights at banks and investment and insurance organizations to assess risk and address regulatory challenges. The...

Arkansas Signs $70 Million Medicaid Contract Extension With HP

The Arkansas Department of Human Services (DHS) Division of Medical Services has extended its long-time service agreement with HP to manage the state’s Medicaid program.The $70 million, 27-month contract will assist...

U.S. Department of Energy To Get $97 Million+ World’s Fastest Supercomputer

By Sudarshana Banerjee The Department of Energy’s Oak Ridge National Laboratory (ORNL) has awarded a contract to Cray to vamp up its Jaguar. Before you start dreaming of cars, the Jaguar is the...

Vietnam Bank of Social Policies Goes With Polaris

Polaris Software announced that Vietnam Bank of Social Policies (VBSP) has chosen Polaris’ IntellectTM Global Universal Banking M180 (GUB) to centralize its operations across the bank. Polaris will offer the bank...

India’s Largest Listed Firm Reliance Industries Inks Content Deal With Disney India

Reliance Industries, India’s largest listed firm, is set to strike a deal with the Indian unit of Disney in an effort to acquire content for its upcoming telecom operations. The deal...

IBM Buys Q1 Labs, Forms IBM Security Systems Division

IBM has announced a definitive agreement to acquire privately held Q1 Labs, a Waltham, Massachusetts-based provider of security intelligence software. Financial terms were not disclosed. Following the close of the acquisition, Q1...

Red Hat Acquires Gluster For $136 Million Cash

Red Hat has agreed to acquire Gluster, a privately-held company, for approximately $136 million in cash. As part of the transaction, Red Hat will also assume unvested Gluster equity outstanding on...

HP Awarded $172 Million Florida Medicaid Contract Renewal

Hewlett Packard's (HP) Enterprise Services announced the Florida Agency for Health Care Administration (AHCA) has signed a renewal service agreement to manage the state’s Medicaid Management Information System, the company said. The...

Korean Air Rolls Out Windows 7 Enterprise

Korean Air today announced that it has retired Windows XP and is rolling out Windows 7 Enterprise companywide, with plans to be 100 per cent deployed by the end of 2011....

Cognizant Acquires Zaffera

Cognizant, a provider of information technology, consulting, and business process outsourcing services, has acquired substantially all of the assets of Zaffera,  a strategic SAP retail consulting and software development firm based in...

Oracle Buys GoAhead

Oracle announced that it has entered into an agreement to acquire GoAhead Software. The combination is expected to benefit network equipment providers (NEPs) by providing a more comprehensive and integrated offering that delivers...

API Technologies Get A New $1.9 Million Order For Microelectronic Solutions

API Technologies announced that its RF Solutions / Spectrum Control division has received a new $1.9 million order from a Fortune 500 aerospace and defense contractor. The contract is for a microelectronic...

SAP To Acquire B2B Networking Provider Crossgate

SAP announced its intent to acquire business-to-business (B2B) integration provider Crossgate, a provider of hosted B2B integration services headquartered in Munich, Germany. As a result of this acquisition, SAP will enable networking...

P&G And Powermat Announce JV

Procter & Gamble and Powermat have announced that they intend to form a joint venture (JV) to bring wireless power products to consumers around the world. As part of the strategic alliance between P&G’s...

Adobe Acquires IRIDAS Technology

Adobe Systems announced that it has acquired IRIDAS Technologies, a ten-year old, privately held company in the digital color grading and enhancement space. With this acquisition, Adobe gains a comprehensive set of tools for...