IDG News Service-The PaaS(platform as a service)market will grow to US$1.2 billion this year,up from last year's$900 million take,as vendors and customers seek easier ways to create new applications and customize existing ones,according ...
Tags: platform as a service, analyst firm Gartner, sharp growth
Karolinska Development has said that a syndicate led by Rosetta Capital will acquire a minority share in Karolinska's holdings in 13 of its 25 portfolio companies for SEK 220m($33.5m). As part of the transaction, the company will transfer ...
Tags: Karolinska Development, transaction, portfolio company, technology assets
Guardian Industries has appointed a new president and CEO, Ron Vaupel, effective January 1. Vaupel most recently served as vice president of business development for Koch Industries, which hasacquired a minority stake in Guardian. The ...
Tags: Koch, CEO, Sale, business development
Guardian Industries officials confirmed the company has completed the previously announced sale of a minority stake in the business to a subsidiary of Koch Industries. According to a recent Reuters report, Koch now owns a 44 percent share ...
Tags: Guardian, Koch Industries, CEO, Koch
Siemens has announced that it plans to publicly list its Osram subsidiary in the autumn of 2011. The parent company has said it will continue to retain a minority stake in the lighting brand and that it will continue as a long-term ...
Tags: Osram, Siemens, LED lighting
International insurance brokerage and risk management firm Arthur J Gallagher & Co has purchased a minority stake of 21.3% in Mexcio based insurance broker Casanueva Perez (Grupo CP). Terms and conditions of the transaction have not been ...
Tags: insurance brokerage, risk management, commercial retail property
The Dai-ichi Life Insurance and Janus Capital have inked a deal, pursuant to which the Japanese insurer will acquire 15-20% stake in Janus, in an open market purchases and potentially through the exercise of conditional options issued to ...
Transatlantic Holdings(TransRe),a New York-based subsidiary of Alleghany Corporation,has acquired a minority stake in Bermuda-based insurance asset manager,Pillar Capital. The company also confirmed a multiple-year commitment to invest in ...
Tags: Transatlantic Holdings, Alleghany, insurance
UK-based investment vehicle Silk Invest has purchased a "significant minority stake" in Ethiopian biscuit maker NAS Foods. The move once again highlights the growing opportunity presented by the rapidly expanding markets in Africa. ...
Guardian Industries has reached an agreement in principle for KGIC LLC,a subsidiary of Koch Industries,to purchase a minority stake in Guardian,according to an Oct.3 letter from the Guardian board of directors to employees.As both are ...
Dutch food group Wessanen has taken full control of frozen food maker Favory Convenience Food. It has bought the 35.9% stake it did not already hold from Rabo Capital for EUR5m (US$6m). Wessanen is looking to maximise the value of its ...
Tags: Wessanen, frozen food, Favory Convenience Food, takeover
A US court is to review a jury's decision to award Apple$1bn in damages in its patent dispute with rival Samsung. Samsung wants the verdict overturned or the damages reduced,while Apple wants to increase the amount and ban some of ...
Tags: Apple, Samsung, patent dispute, Galaxy Tab, Smartpgone
UK's HSBC Holdings has geared up to dispose its Vietnamese insurance business with an anticipated price of $400m, as part of its strategy to exit non-core operations worlwide. A source close to the potential deal told Reuters that HSBC ...
After shelving its plans for an IPO of Osram, its lighting subsidiary, Siemens has confirmed that it will conduct a spinoff of 80.5% of Osram shares. Siemens AG, the industrial conglomerate that owns lighting manufacturer Osram, has ...
Alaska Milk,a leading dairy company in the Philippines,has filed a petition seeking voluntary delisting from the Philippine Stock Exchange. This move comes as the Dutch dairy cooperative Royal FrieslandCampina filed a tender offer notice ...