Financials

Coherent appointed Dr. Young-Kai (Y.K.) Chen as Deputy Chief Technology Officer (DCTO), reporting to CTO Dr. Julie Sheridan Eng. Prior to being named DCTO, Dr. Chen was Chief Scientist in...

Cisco announced its intent to acquire SamKnows, a privately held broadband network monitoring company headquartered in London, England. Financial terms were not disclosed. SamKnow offers a FaultFinder solution that monitors...

Pliops, a start-up offering a high-performance data processor for cloud and enterprise data centers, appointed semiconductor industry veteran Ido Bukspan as its new CEO, replacing Pliops co-founder Uri Beitler, who...

IBM agreed to acquire Apptio, a start-up specializing in financial and operational IT management and optimization (FinOps) software, for $4.6 billion.  IBM said the acquisition will accelerate the advancement of...

Aviatrix appointed Doug Merritt as CEO and President, replacing Steve Mullaney. Merritt was previously CEO and President of Splunk. Under Merritt’s leadership, Splunk grew revenues from the equivalent of $100...

Cisco announced plans to acquire Accedian, a privately-held company based in Montreal that offers performance analytics and end user experience solutions. Financial terms were not disclosed. The deal is expected...

Citing the need for greater scale and cost efficiency,  Vodafone Group Plc and CK Hutchison Group Telecom Holdings announced plans to merge their UK telecommunication businesses. Vodafone will own 51% of the...

Hewlett Packard Enterprise (HPE) appointed Bethany Mayer, former president and CEO of Ixia, to HPE’s Board of Directors, effective today. She will also serve as a member of the Board’s...

The European Commission will provide up to €8.1 billion to advance research in the field of Microelectronics, including communication technologies (IPCEI ME/CT).  The initiative involves 68 projects from 56 companies,...

Driven by strong growth in cloud services, Oracle reported fiscal 2023 Q4 revenue of $13.8 billion, up 17% in USD and up 18% in constant currency. GAAP net income was...

Ciena reported revenue of $1.13 billion or its fiscal second quarter ended April 29, 2023, up 19% as compared to $949.2 million for the fiscal second quarter 2022. Ciena's GAAP...

Digital Realty raised approximately $1.1 billion of gross proceeds from the sale of approximately 11 million shares issued under the company's at-the-market program, including 3.5 million shares to be issued...

Cyxtera entered into a pre-arranged Chapter 11 process in the U.S. Bankruptcy Court for the District of New Jersey. Cyxtera said it is continuing to operate its unique global platform...