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Following its merger, the Web hosting company is now focusing on cloud services and hopes to provide IaaS and SaaS offerings to Asia's independent software vendors and midsize companies.
Daily deals site Gaopeng, run by Groupon and Tencent, will merge with Tencent-backed rival FTuan, and is part of Groupon's strategy to bolster investment in China, report says.
Southeast Asia's largest telco buys 100 percent stake in Singapore-based GTW Holdings, owners of popular food review portal, HungryGoWhere, for S$12 million (US$9.4 million).
Singapore telco SingTel acquires U.S. startup AdJitsu, its second such purchase in mobile advertising sector in two months.
Agreement will see three companies share their existing content libraries, and hopes to "burst the bubble" of overpriced content in Chinese video market, report states.
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Companies have fewer vendor choice and less bargaining power with industry consolidation, but could stand to gain in terms of faster product innovations and lower costs, analysts say.
IT companies opened up their coffers for a string of acquisitions in 2011 to expand offerings and enter new business arenas as well as arm up on patent portfolios.
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IT industry sees year-long merry-go-round of partnerships and acquisitions, experiences barrage of hacking incidents and witnesses IPO milestones as well as, sadly, passing away of tech icons.
Second quarter's average M&A deal value of US$194 million is highest registered since first quarter of 2000 as global tech industry rides high on cloud computing, mobility and Internet, new report reveals.
Technology mergers and acquisitions in the first quarter of 2011 jumped 26 percent year-on-year to 794, driven by growth in mobility, cloud computing, social networking and Internet video, states new report.
The private equity firm has acquired Epicor Software and Activant Solutions, which it will merge into one of the largest enterprise application vendors
Despite criticisms from the industry, the Intel-McAfee merger will result in "faster and better" security by riding on hardware to complement, not eliminate, software-based security, according to a McAfee executive.
Information storage specialist has agreed to purchase Isilon for US$2.25 billion , in order to acquire its range of modular NAS storage products
Health data banks are worth more than software in health IT mergers, and holders of data are moving to take advantage.
Oracle President Charles Phillips stresses company's commitment to invest in Sun Microsystems, revitalize the brand and improve products and customer service.
HP on Friday picked up IBRIX, a file serving software company, in the latest round of merger and acquisition activity. Terms of HP's acquisition weren't disclosed.
Outsourcer had a "stagnant" business that would find it hard to cope with global slump and currency swings, says marketing head of HP-owned company.
An acquisition of Citrix would make business sense, but Microsoft's registration of a limited liability company in Delaware is likely to lead to a deal with Yahoo.
Stock markets remained volatile, economic forecast bleak. 2008 saw little change from the previous year, though some headliners and scandals did help spice things up.
Microsoft's CEO tells a lunch crowd in Australia that Microsoft is "not interested" in making a new offer for Internet company Yahoo.
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