On Wednesday, Shares of Speed Commerce, Inc. (NASDAQ:SPDC), lost -9.27% to $0.3211.
On June 8, Speed Commerce has signed an agreement with Gildan Activewear Inc. (“Gildan”), a manufacturer and marketer of branded basic apparel, to build, deploy and maintain a new global ecommerce platform to support Gildan’s B2B and B2C channels.
“The signing of this agreement reflects the strength of our ecommerce offering and our team’s expert capabilities in system implementation,” said Richard Willis, president and CEO of Speed Commerce. “Our highly-customizable solutions enable multi-brand organizations like Gildan to have a separate and unique online identity for each brand. We plan to leverage the same technology and data teams to integrate its B2B solution, ensuring a seamless transition that accommodates both its hard-working employees and loyal customers.”
Speed Commerce, Inc. provides e-commerce and fulfillment services to retailers and manufacturers in the United States and Canada. It offers Web platform development and hosting, order administration, fulfillment, logistics, and contact center services, which provide customers with transaction-based services and information administration tools.
Shares of Akamai Technologies, Inc. (NASDAQ:AKAM), declined -1.25% to $71.32, during its last trading session.
Akamai Technologies, released its First Quarter, 2015 State of the Internet Report. Based on data gathered from the Akamai Intelligent Platform, the report provides insight into key global statistics such as connection speeds, broadband adoption across fixed and mobile networks, and IPv4 exhaustion and IPv6 implementation.
Starting this quarter, security-related content that was formerly comprised of in the State of the Internet Report, counting data on attack traffic seen across the Akamai platform and insights into high-profile security vulnerabilities and attacks, is now published in a separate State of the Internet / Security Report.
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing online content and business applications in the United States and internationally.
Finally, Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), ended its last trade with -0.61% loss, and close at $69.86.
Qihoo 360 Technology Co. Ltd., declared that its board of directors has formed a special committee comprising of three independent, disinterested directors, Dr. Eric Chen, Dr. Jianwen Liao and Dr. Ming Huang, to consider the formerly declared non-binding “going private” proposal that the Board received on June 17, 2015. Dr. Eric Chen will chair the special committee. The special committee has retained Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel, and intends to retain an independent financial advisor in due course, to assist it in this process.
The Board cautions the Company’s shareholders and others considering trading the Company’s securities that the Board has just received the proposal letter and has not had an opportunity to carefully review and evaluate the proposal or make any decision with respect to the Company’s response to the proposal. There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed regarding the projected transaction or that this or any other transaction will be approved or consummated.
Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments.
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