TechTaffy

tech:

taffy

Globe Equity Partners Acquires CLEO

By TechTaffy Desk

[Techtaffy Newsdesk]

Enterprise software company CLEO has been acquired by Globe Equity Partners, an investment firm focused on mid-market software companies serving growth industry segments. Mahesh Rajasekharan will assume the role of CEO and Sumit Garg will assume the role of president of the company. Former CEO and President Brian Hampton will remain with the firm in an advisory capacity. All other aspects of operations, including the senior management team and CLEO’s product and service lines, will remain intact.

CLEO is a provider of enterprise software for secure and managed file transfer,

 

Just in

Fundings

Rivos raises $250M

Santa Clara, Calif.-based Rivos, a RISC-V accelerated platform company focusing on data analytics and Generative AI, has raised $250 million in its Series A-3 funding round
Industry

IBM, Canada, and Quebec invest $137M to strengthen semiconductor industry

IBM, the Government of Canada, and the Government of Quebec announced agreements to develop the assembly, testing and packaging capabilities for semiconductor modules at IBM Canada's plant in Bromont, Quebec.
Around the web

Net neutrality is back: U.S. promises fast, safe and reliable internet for all — NPR

Consumers can look forward to faster, safer and more reliable internet connections under the promises of newly reinstated government regulations, writes Emma Bowman of NPR.
AI

AI is ‘a new kind of digital species,’ Microsoft AI chief says — Quartz

Mustafa Suleyman, chief executive of Microsoft AI, said during a talk at TED 2024 that AI is the newest wave of creation since the start of life on Earth, and that “we are in the fastest and most consequential wave ever,” writes Britney Nguyen in Quartz.
Around the web

It’s baaack! Microsoft and IBM open source MS-DOS 4.0 — ZDNet

Microsoft and IBM have joined forces to open-source the 1988 operating system MS-DOS 4.0 under the MIT License, writes Steven Vaughan-Nichols.