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Teradyne Acquires LitePoint Corporation

Teradyne announced it has signed a definitive agreement to purchase privately held LitePoint Corporation, a provider of production line test equipment for wireless products, including smart phones, tablets and WiFi-enabled PCs, for $510 million net of LitePoint cash and tax benefits, plus $70 million if certain performance targets are met. The acquisition has been approved by the Board of Directors of each company and is expected to close in the fourth quarter of 2011 subject to customary closing conditions and regulatory approvals.

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SAP introduces Datasphere

SAP announced its Datasphere solution, the next generation of its data management portfolio, which gives customers access to business-ready data across the data landscape.

Omron using Red Hat OpenShift for virtualized control platform PoC

Omron, a Japan-based global electrical equipment manufacturer, has chosen Red Hat OpenShift as a conceptual model for its virtualized control platform proof-of-concept.

Oracle to invest $1.5B in Saudi Arabia to open public cloud region

Oracle says it plans to open a third public cloud region in Saudi Arabia. Located in Riyadh, the new cloud region will be part of a planned US $1.5 billion investment.