Oracle signed a nine-year deal with Salesforce to boost its efforts on cloud computing and hardware enterprise.
Investors
Wipro predicts rise in IT services demand for third quarter
Indian IT services provider Wipro predicts profit increase for the next quarter. Indian IT company Wipro announced its prediction for an upsurge of demand for its consulting and outsourcing services, following the 11% increase in quarterly profit due largely to a series of high-earning contracts.
LearnVest raises U$16 mln in latest financing round
LearnVest gets US $16 million in its latest financing round led by Accel Partners. Online financial management firm, LearnVest. com, revealed on Friday that it closed US $16.
Beleaguered Handy Hardware gets another lease on life
Handy Hardware gets help from Littlejohn & Co. as the private equity firm takes the reins of the company's acquisition and refinancing.
New head plans to up Anglo performance, targets US$3.5
New Anglo American boss, Mark Cutifani, outlines an aggressive cost-cutting plan to reverse the mining company's poor performance.
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Intelligent Mechatronic Systems received CAD 4 million investment from BEST Funds. BEST Funds, a venture capital firm based in Toronto, invested CAD 4 million in Intelligent Mechatronic Systems Inc.
Apple and Los Angeles Unified School District would join forces through a US$30 million-worth deal. Next year, the Los Angeles Unified School District would put 640,000 iPads into the students' hands.
China Investment Corp. posted a 10.6% return on its overseas investments last year. China Investment Corp. , the country's sovereign wealth fund, posted a 10.
Adobe's recent acquisition, Neolane, would help the company attain US$1.19 billion earnings from digital marketing cloud.
Smedvig Capital invested GBP 4 million into Kings Court Trust. Smedvig Capital, a private equity investor based in Mayfair, pumped in GBP 4 million into Kings Court Trust.
Two private equity funds owned by Sun Capital Advisors Inc. are held liable for an employer's withdrawal in a pension plan.
Repsol is considering to sell its 30% stake in Gas Natural Formosa worth Eur 4.5 billion but holds it off until deal with Shell is finalized.
Private Equity Headhunters now has a new Chief Technology Officer in Mr. Jaree Zafar. Mr. Jaree Zafar was appointed as the Chief Technology Officer of Private Equity Headhunters, a Texas-based firm that focuses on getting jobs for executives.
Pembina Pipeline Corp. has offered 10,000,000 cumulative redeemable rate reset class A preferred shares during a public offering, which raised US $250 million.
