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Tag Archives: investment

Blackstone to Purchase 17% Stake in NCR; Bill Nuti Comments

Blackstone Group has agreed to acquire a 17-percent ownership stake in consumer transaction technology maker NCR (NYSE: NCR) for approximately $820 million. NCR said Thursday it aims to transform into an integrated software development and services company and will use the investment to partly fund a planned stock repurchase program. “The NCR board has determined that executing …

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Silver Lake Invests $1B in Motorola Solutions; Greg Brown Comments

Private equity firm Silver Lake has signed a $1 billion strategic partnership and investment agreement with Motorola Solutions (NYSE: MSI) in a push to accelerate the availability of “smart” public safety communication systems. Greg Brown, CEO of Motorola Solutions, said Wednesday the company seeks to “combine Silver Lake’s expertise in …

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Sky News: BAE Chair Asks Recruiter to Start Search for Future CEO Candidates

BAE Systems PLC Chairman Sir Roger Carr has asked a recruiter to start a search for potential candidates to succeed Ian King as CEO of the British defense contractor, Sky News reported Saturday. Mark Kleinman writes executive search and consulting firm Spencer Stuart has started to look for possible successors to King through what Sky called …

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Report: Cisco Eyeing German, British Tech Partnerships

TYSONS CORNER, VA July 6, 2015 — ExecutiveBiz reported Thursday on Cisco Systems (Nasdaq: CSCO) engaging in talks with Germany and the U.K. over potential technology partnerships that would focus on engineer training, network equipment testing and startup investments. Bloomberg cited Wednesday unnamed persons familiar with the negotiations as saying the …

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Report: Japan Plans to Buy Northrop-Made Global Hawk Drones

Japan plans to invest approximately 372 million dollars over the next decade to buy new unmanned aerial vehicles as part of a military fleet expansion, Defense One reported Monday. Daniel Medina writes that an IHS Jane’s senior analyst has indicated that the Japanese government is interested in acquiring Northrop Grumman-made …

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Dave Dunning: Energy Dept to Invest in Fluor-Backed Venture’s Nuclear Energy Project

Fluor Corp.-backed (NYSE: FLR) NuScale Power has landed a potential five-year, $217 million investment from the U.S. Energy Department for a nuclear reactor development project. DOE will invest up to $217 million through a cost-sharing program designed to help NuScale develop and market a small modular reactor system, Fluor said …

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John Chen: BlackBerry Invests in Cloud Medical IT Firm NantHealth

BlackBerry (NASDAQ: BBRY) has made an investment in NantHealth, a California-based startup that is developing cloud-based information technology for medical applications. The companies seek to develop integrated IT systems to help healthcare organizations comply with privacy rules under the Health Insurance Portability and Accountability Act, BlackBerry said Tuesday. “BlackBerry’s capabilities …

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IBM to Pump $100M in Global Big Data Labs

IBM Corp. (NYSE: IBM) is investing more than $100 million in new big data consulting laboratories across several locations worldwide, Asian Scientist Magazine reported Wednesday. The 10 new IBM interactive experience labs will be built in Bangalore, Beijing, Melbourne, Shanghai and Tokyo, according to the report. IBM intends to open …

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Siemens Invests $100M in New Manufacturing Systems; Siegfried Russwurm Comments

Siemens’ (NYSE: SI) corporate financing arm has moved to help startup businesses further efforts to develop manufacturing technologies through a new $100 million fund, TechCrunch reported Monday. Pankaj Mishra writes Siemens Venture Capital intends to finance firms that develop industrial automation systems and to facilitate alliances among companies in order …

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Nimrod Gindi to Lead Mellanox Technologies’ New Investment Arm; Eyal Waldman Comments

Mellanox Technologies Ltd. (NASDAQ: MLNX) has formed the Mellanox Capital investment arm, where Nimrod Gindi will serve as managing director. Mellanox Capital will invest in start-up and technology firms that develop tools for storage, computing, virtualization, cloud infrastructure, big data, application platforms and embedded technologies, Mellanox Technologies said Monday. Eyal Waldman, president …

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