Information technology services industry
Global Crossing, a leading telecommunications provider, is reportedly closing in on a deal to sell its local phone business to Citizens Communications for approximately $3.6 billion in cash. The company is also engaged in serious negotiations with Exodus Communications to sell its Web-hosting business, GlobalCenter Inc., for $6 billion
Information technology services industry
As leaders in electronic systems design, mechanical design, and manufacturing automation, Dassault Systemes and Mentor Graphics have formed a strategic alliance to develop an integrated V5 Electronic/Mechanical Design Solution (EMDA). This collaboration aims to accelerate the end-to-end development cycle of complex electro-mechanical systems, benefiting manufacturers in the consumer electronics,
Information technology services industry
As the Small Business Administration (SBA) continues to update its program for private investing in small businesses, Chicago's technology sector is taking notice. The SBA program, which leverages private investment to support small businesses, has gained the attention of local entrepreneurs, including Art.com founder William Lederer. His
Information technology services industry
NTT Communications, the long-distance and international arm of NTT, Japan's dominant telecommunications carrier, has extended its $5.5bn tender offer for Verio, the US website manager, due to regulatory concerns. The takeover bid was originally set to expire on June 30, but the group has pushed back the
Information technology services industry
Computer Sciences Corporation (CSC) has been recognized as a pioneer and leader in the development of business-to-business (B2B) eMarketplaces by International Data Corporation (IDC). The IDC report, as part of its eMarketplace Services research program, highlights CSC's history and deep industry expertise in systems integration as key factors
Information technology services industry
Electronic Arts has licensed eGain Assistant technology from eGain Communications to power its next-generation game products. eGain Assistant is an application that interacts with online customers in plain English, providing life-like virtual agents that simulate human-like conversations. By reducing customer service costs and improving online sales assistance, eGain Assistant enables
Information technology services industry
IBM and its partners, including Dassault Systemes, i2 Technologies, and Siebel Systems, have formed an alliance to provide e-business solutions for product lifecycle management (PLM). The partnership aims to bring together best-of-breed solutions to help companies integrate key product development, product life, and strategic business processes. By leveraging this alliance,
Information technology services industry
Salt Lake City-based NMVP, a technology venture holding company, has announced the addition of two senior executives to its management team, further bolstering its presence in the Asia/Pacific region. Paul Lovell, a former managing director at Microsoft Singapore, and Graham Doxey, a former managing director and head of Sales
Information technology services industry
Vectrix Corporation, a full-service provider of e-business solutions based in Dallas, Texas, has announced the formation of the Mobile and Wireless Solutions Group, a new unit aimed at extending e-business solutions and transactions to mobile and wireless devices. In a rapidly growing market, with forecasts indicating over 200 million Internet-enabled
Information technology services industry
The medical technology industry has seen significant consolidation attempts in the e-health sector, but several deals have faced opposition from investors. Two notable mergers, TriZetto Group's agreement with IMS Health and Neoforma.com's with Eclipsys Corp., have been canceled due to investor backlash. The collapse of
Information technology services industry
Shares of McDonald's (MCD) declined by $2.06, reaching $33.38 after Merrill Lynch described the chain's May sales as "discouraging," with it being the worst month in two years. McDonald's remains optimistic that earnings per share in 2000 will be in
Information technology services industry
Carrier Access Corporation and ArelNet Ltd. have jointly announced a new end-to-end softswitch network integrating Carrier Access' Adit 600 customer service terminal as a media gateway and ArelNet's carrier grade i-Tone PRIME Gateway and call agent. This combined solution enables service providers to originate VoIP calls from
