Tag: Software
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Oracle’s Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
Oracle founder Larry Ellison, the world’s seventh-richest person, can sell up to 50 million of his shares in the software company under a new trading plan.
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Exclusive-TPG explores $5 billion sale of healthcare software company Lyric, sources say
NEW YORK, Sept 9 : Private equity firm TPG is exploring the sale of Lyric, in a process that could value the software company which supports payments in the healthcare industry at about $5 billion, people close to the discussions said.The move comes as software dealmaking has shown signs of recovery after con
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Silver Lake merges Cegid and Silae in €10 billion bet on AI-era software
French firms Cegid, which sells business management software, and Silae, a payroll and HR platform, are set to combine.
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Snowflake’s AI-powered results send shares soaring, buoy software stocks
Sept 3 : Snowflake shares surged nearly 25 per cent on Thursday after the company raised its annual product revenue forecast, strengthening investor confidence that AI-related spending could be a powerful driver of growth for software firms.The upbeat forecast buoyed software stocks across the board, with Ser
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Hugging Face approached Nvidia’s Huang about an acquisition weeks ago, CEO tells CNBC
Nvidia CEO Jensen Huang said that with Hugging Face, the chipmaker will “expand access to AI for developers and institutions worldwide.”
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Thoma Bravo explores $2 billion-plus sale of Foundation Software, sources say
NEW YORK, Sept 2 : Thoma Bravo is exploring a sale of Foundation Software that could value the construction software company at more than $2 billion, according to people familiar with the matter.The company is working with investment bankers at William Blair on the process, which has attracted interest from b
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Microsoft Outlook and OpenAI’s ChatGPT Work are experiencing user outages
OpenAI’s ChatGPT Work offering was down for some users on Monday, and Microsoft said it was having issues with Exchange Online.
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Honda, Nissan target rollout of joint vehicle software in fiscal 2029
TOKYO, Aug 31 : Japanese automakers Nissan and Honda said on Monday they would jointly develop standardised electronic control units (ECUs) for software-defined vehicles (SDVs), deepening their collaboration on more advanced car technology. The companies plan to introduce an architecture incorporating the
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The big lesson from this week’s earnings: The AI buildout is not a zero-sum game
Salesforce, CrowdStrike, and Nvidia all faced major tests with investors and crushed expectations.
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CrowdStrike CEO: AI exposes dangerous cyber gaps that legacy tools can’t handle
CrowdStrike CEO said Thursday that AI is allowing attackers to find and exploit vulnerabilities faster, making the company’s protection a must.
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