Networking vendor Vyatta has recently added to its board of directors Sun Microsystems ex-Chief Networking Officer Geoffrey Baehr. The move is assumed to be part of their strategy to enhance their cloud business, which is one of their three offerings to clients – cloud, physical and virtual networking. Baehr was formerly with Sun Microsystems for [...]
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Iberia Could Take On Hungarian Birds Under Low-Cost Wing
The low-cost wing of Spanish airline Iberia, Vueling, has shown interest in acquiring Malev, the Hungarian national carrier. Malev is currently under distress and its ownership transfer is already under discussion with the National Development Ministry. The board of directors at Vueling are likely to make their decision regarding the purchase of the Hungarian airline [...]
Viennese PE Fund Lead Equities invests in German MCL-Group
Viennese firm Lead Equities has just invested in a 60-percent stake in German IT company MCL-Group. The majority-stake acquisition was completed by means of a partial owner buyout. Management-held shareholders retain the remaining 40 percent after the deal. Lead Equities is making this investment from its EUR 66 mln second fund, and the investment will [...]
Romanian tech start-up Summify is acquired by Twitter
Summify – a Romanian start up that uses social analytics data to create personalized news aggregation service for individual users, has been acquired by microblogging site Twitter. According to some analysts, this can be termed as talent acquisition by Twitter rather than a business purchase since Summify stopped accepting new users immediately after and will [...]
IT service provider EPAM Systems launches IPO
EPAM Systems, a global software development company with delivery centres across the Central and Eastern Europe region, announced the launch of its initial public offering. The company plans to offer 7,400,000 shares of its common stock at a price range of between USD16 and USD18 per share. Existing shareholders will sell about 5,882,353 shares while [...]
