TechTaffy

tech:

taffy

IBM Acquires Israeli Mobile Software Company Worklight

By TechTaffy Desk

[Techtaffy Newsdesk]

IBM has announced a definitive agreement to acquire Worklight, a privately held Israel-based provider of mobile software for smartphones and tablets. Financial terms were not disclosed. The acquisition of Worklight is expected to close in 1Q12. Worklight will sit within IBM’s Software Group.

Worklight supports consumer and employee-facing applications in a range of industries, including financial services, retail and healthcare. With this acquisition, IBM’s mobile offerings will span mobile application development, integration, security and management. IBM has been steadily investing in this space for more than a decade, both organically and through acquisitions.

The world’s top 20 communications service providers use IBM technology to run their applications, while every day more than one billion mobile phone subscribers are touched by IBM software.

[Upload: 02-05-12]

Just in

Industry

Intel appoints Kevin O’Buckley as senior VP and GM of Foundry Services

Intel announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry.
Industry

Squarespace to be acquired by Permira for $6.9B

Squarespace will be acquired by global private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.
AI

OpenAI introduces GPT-4o: A free multimodal AI model for real-time audio, vision, and text

OpenAI has announced the release of GPT-4o, a new flagship AI model that can process and generate a combination of text, audio, and images in real-time.
Industry

Microsoft plans to invest $4B in France

Microsoft announced its largest investment in France, a $4.3 billion (€4 billion) package designed to accelerate the adoption of artificial intelligence (AI) and cloud technologies in the country.
Industry

Microsoft to build $3.3B data center in Wisconsin

Microsoft announced a $3.3 billion investment package in Southeast Wisconsin. The investment, to be rolled out by the end of 2026, includes the development of a datacenter campus in Mount Pleasant.