PITTSBURGH: Aurora, the self-driving car company, announced today that they are acquiring Uber Technologies Inc.’s self-driving unit, Advanced Technologies Group (Uber ATG). ATG’s team and technology will accelerate Aurora’s mission and the delivery of our first product safely, quickly, and broadly. “By adding the people and technology of Uber’s Advanced Technologies Group to the incredible…
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Veritas to acquire Federal IT and Mission Support Services Business of Northrop Grumman for $3.4 billion
NEW YORK: Veritas Capital announced that an affiliate of Veritas has signed a definitive agreement to acquire the federal IT and mission support services business of Northrop Grumman for $3.4 billion in cash. The business expects to generate $2.3 billion in revenue in 2020. The business provides a wide range of advanced technology solutions including…
Adobe completes acquisition of Workfront
SAN JOSE: Adobe has announced the completion of its acquisition of Workfront, the leading work management platform for marketers with more than 3,000 customers and one million users. Adobe’s acquisition of Workfront will bring efficiency, collaboration and productivity gains to marketing teams currently challenged with siloed work management solutions. Both companies are established partners with…
ON Semiconductor names Hassane El-Khoury as Next CEO
PHOENIX: ON Semiconductor Corporation announced today that Hassane El-Khoury has been named as the company’s president, chief executive officer and member of its board of directors, effective Dec. 7, 2020. “Following a comprehensive internal and external search process, I want to welcome Hassane to ON Semiconductor,” said Alan Campbell, chairman of the board of directors….
Sinovac secures $500 million Funding for COVID-19 vaccine development
BEIJING: Sinovac Life Sciences Co., Ltd. has secured approximately US$500 million in funding for further development, capacity expansion and manufacturing of the CoronaVac, its COVID-19 vaccine candidate, as well as conduct other development and operational activities, a news release said. The investor, Sino Biopharmaceutical Limited, a leading innovative research and development driven pharmaceutical conglomerate in…
Cybersecurity Maturity Model Certification Accreditation Body
ROCKVILLE: The Cybersecurity Maturity Model Certification Accreditation Body (CMMC-AB) Board of Directors has engaged JDG Associates, Ltd. of Rockville, MD, to conduct the search for the organization’s first CEO. On November 25, 2020 the CMMC-AB entered a contract with the DoD to become the exclusive accreditation body to build the CMMC ecosystem in support of…
Atlas acquires LSC Communications in a bankruptcy court supervised process
GREENWICH: Atlas Holdings, a private investment & equity firm, has bought substantially all of the assets of LSC Communications Inc., a North American leader in print and digital media solutions, a news release said. The transaction concludes a court-supervised sale process, pursuant to Section 363 of the U.S. Bankruptcy code. LSC is the largest producer…
AT&T Communications CEO Jeff McElfresh urges Congress to fund Broadband DATA Act
DALLAS: Jeff McElfresh, CEO of AT&T Communications, has discussed country’s digital divide at the USTelecom Broadband Investment Forum, and urged Congress to fully fund the Broadband DATA Act. He discussed the country’s digital divide, touching on the following areas: Current state of broadband: Since 1996, U.S. providers have invested nearly $2 trillion to build and…
Takashi Nagao appointed President and CEO of Medicago
QUEBEC CITY: Medicago, a biopharmaceutical company headquartered in Quebec City, Canada, announced Takashi Nagao as the company’s new President and Chief Executive Officer. Prior to becoming President and CEO, Mr. Nagao served as the Chairman of the Board of Medicago, where for the last four years, he has guided Medicago executives to get the company…
Polycor Inc. to acquire North Carolina Granite Corporation
QUEBEC CITY: Polycor Inc. has reached an agreement to acquire North Carolina Granite Corporation (NCGC), a leading quarrier and producer of granite for the construction, curbing and aggregate industries, a news release said. “The acquisition of NCGC is yet another important strategic milestone for Polycor as we continue to expand our geographic footprint, and further…
ZoomInfo launches privacy clusters to future-proof intent data
VANCOUVER: ZoomInfo, a global leader in go-to-market intelligence solutions, has launched Privacy Clusters as a part of its premium Streaming Intent offering, a news release said. Privacy Clusters enable the cookieless production of business intent signals and preserve the anonymity of individuals while offering the company-specific behavioral signals needed to identify early-stage opportunities. With the…
Syngency acquires Melomax, appoints Glen Ward as CEO
LOS ANGELES: Syngency, premier talent management platform, has acquired pre-production management platform Melomax (formerly YouMe&Co), while appointing former Casting Networks and Virgin CEO, Glen Ward to lead the company into its next phase of evolution – creating an operating system for the global entertainment industry. Los Angeles-based Syngency – the preeminent talent management platform across…