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Inmarsat Selects Hughes to Develop New BGAN M2M Terminal

Inmarsat has selected Hughes Network Systems to develop a new machine-to-machine (M2M) terminal for its BGAN service. Hughes will develop the new 9502 BGAN M2M terminal by building on its 9201-M2M platform.

The BGAN M2M service will offer end-to-end IP data capability for real-time applications including smart metering, SCADA, monitoring and other infrastructure telemetry solutions.  Planned for launch in Q1 2012, Inmarsat will target the low-cost M2M service at the utilities, oil & gas, and retail banking markets.

 

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Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.