Flexitronics acquires India&#39;s Future Software
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CHENNAI - Singapore-based electronics contract maker Flexitronics has acquired telecom software solutions firm Future Software Ltd for an undisclosed amount.
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More large acquisitions may be in the software giant's future.
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Flextronics , the world's largest contract electronics manufacturer, posted on Tuesday a jump in quarterly profit from a year ago, when results were weighed down by charges.
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Macromedia will ship Flex Builder this week, which is designed to provide an interactive development environment for the company&#39;s Flex presentation server.
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Flextronics International Ltd. , the world's second-biggest maker of electronics for other companies, will buy Solectron Corp. for $3.6 billion to narrow the sales gap with larger rival Hon Hai Precision Industry Co.
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Flextronics International Ltd.,  the No. 1 contract electronics manufacturer, on Monday posted a  quarterly profit helped by strong sales of consumer electronics  equipment that it makes for brand-name customers.
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Cadence Design Systems (India) Pvt Ltd., the Indian subsidiary of Cadence Design Systems, Inc.
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Oracle Corp. ORCL.O, the world's   biggest maker of database software, on Wednesday offered to pay   up to $531 million to lift its stake in its majority-owned   Indian software developer, i-flex solutions Ltd. IFLX.BO.
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Cisco Systems and Indian services company Wipro are collaborating to offer customers IT infrastructure services that combine Cisco&#39;s networking equipment with Wipro&#39;s infrastructure and managed services.The joint offerings will include Cisco&#39;s technology in areas such as application networking services, data centers, security, and telepresence for virtual meetings, the companies said. Cisco and Wipro will collaborate to develop applications that support specific virtual industry models such as health care, financial services, retail, real estate, and transportation.&quot;We have been doing the plumbing so far, which is still good business, but we will increasingly be looking at offering solutions to customers,&quot; John Chambers, Cisco&#39;s chairman and chief executive officer told reporters in Bangalore Wednesday. Cisco expects that the tie-up with Wipro will bring the company revenue of about $1 billion over the next three years.The collaboration will initially focus on the Indian, Middle East, and African markets.Cisco and Wipro are also setting up a Cisco Solution Centre at Wipro&#39;s campus in Bangalore, that will develop and showcase new services and applications around Cisco&#39;s technologies.Cisco also announced Tuesday that it was investing in a venture with another Indian services company, Satyam Computer Services that will focus on the development and deployment of healthcare applications.The collaborations with Wipro and Satyam are part of Cisco&#39;s strategy to use India as a base for developing technologies and business models for emerging markets, which are expected to grow faster than markets in developed countries.The company inaugurated on Tuesday its Globalisation Centre East campus, a new center that will work with partners in other emerging markets in the Middle East, Africa, China, Asia, and Latin America on developing technologies for emerging markets.
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Contract electronics manufacturer  Flextronics International Ltd  posted an adjusted third  quarter profit that beat Wall Street forecasts on Tuesday, and  reaffirmed its earnings and sales forecasts, sending its stock  up nearly 5 percent.
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India's largest aluminium producer, Hindalco, agrees to buy its US-Canadian rival Novelis for $5.9bn.
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IBM has reached an agreement to purchase Venetica, a privately held developer of content-integration software. The acquisition will enable IBM to provide improved ability to integrate unstructured
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Macromedia Monday shipped Flex Builder, an integrated development environment (IDE) for Web applications built on the company&#39;s XML-based Flex application platform.
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Contract electronics manufacturer Flextronics International Ltd  posted an adjusted third quarter profit that beat Wall Street forecasts on Tuesday, and reaffirmed its earnings and sales forecasts, sending its stock up nearly 5 percent.
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Flextronics International Ltd  on Tuesday posted quarterly earnings that beat Wall Street expectations as sales at the contract electronics maker jumped 18 percent.
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Microsoft said it will join with India's second-largest software firm, Infosys Technologies, to provide software and consulting to manufacturing, banking and automobile companies, a statement said.
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(InfoWorld) - EMC has signed a definitive agreement to acquire Valyd Software, a Hyderabad, India, vendor of software for securing enterprise data. EMC did not disclose the sum it will pay for Valyd, a privately held company. Valyd's software will be brought into RSA, the security division of EMC that was set up last year to integrate products from itsÂ acquisition of RSA SecurityÂ andÂ Network Intelligence. The acquisition is expected to close in the first quarter, the Hopkinton, Massachusetts, vendor of storage management and security software said Tuesday. Valyd's technology for encrypting and securing data at the database and file system level will lead to the introduction of two new products from the RSA division, after the acquisition is complete, said Manoj Chugh, president of EMC India, on Wednesday. RSA Database Security Manager will address security of data on a variety of database management systems, while RSA File Security Manager will secure data security at the file and folder level, Chugh said. A focus of the RSA division is on products that manage and secure enterprise-wide information assets regardless of where they resides on the network, Chugh said. Valyd's technology, which runs on a large variety of operating systems and database systems, fitted well into the strategy of the RSA division, he added. Valyd Software was set up in 1998 to develop software to secure enterprise data. The company has over 50 staff in Hyderabad, which will be increased to 100 by the end of this year, Chugh said. The Hyderabad operation will focus on the development and enhancement of the new security products, he added. Indian product companies have emerged as acquisition targets for multinational companies. Oracle Corp., for example, has acquired a majority stake in Indian financial software company, i-flex Solutions Ltd. "India was until now perceived as a low-cost location for outsourcing work, rather than as a place where you could find top quality innovation and intellectual property," Chugh said.