On Thursday, Shares of Broadcom Corp. (NASDAQ:BRCM), lost -1.58% to $56.25.
Long before Snapchat or Silicon Beach were ideas, chip maker Broadcom Corp. grew from its roots in a Santa Monica condominium into a 10,000-worker powerhouse in Irvine that assisted turn Orange County into a technology hub, according to Los Angeles Times.
Co-founders Henry Samueli and Henry T. Nicholas III became billionaires in the process, and Nicholas championed Orange County as a burgeoning Southern California version of Silicon Valley.
In a $37-billion deal, one of the largest in the tech industry, Broadcom agreed to be bought by Avago Technologies Ltd., a Singapore chip maker run out of San Jose. Avago, through spin-offs, traces its history to Hewlett-Packard Co.
It’s the biggest deal for Avago, an aggressive acquirer as the industry contracts. And so important that it will change its name to Broadcom Ltd, Los Angeles Times Reports.
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking.
Shares of Rally Software Development Corp. (NYSE:RALY), inclined 43.97% to $19.45, during its last trading session, hitting its highest level.
CA Technologies (CA) declared it has signed a definitive agreement to acquire Rally Software Development Corp. (RALY), a leading provider of Agile development software and services, for $19.50 per share, which equates to about $480 million, net of cash attained. The transaction has been unanimously approved by both Boards of Directors, and is predictable to close in the second quarter of CA’s fiscal 2016. Based in Boulder, CO, Rally has about 500 employees across four continents and FY 2015 sales of $88 million.
With users in more than 135 countries and nearly every industry, Rally works with some of the world’s largest and most respected brands, counting over 35 of the Fortune 100. These customers depend on Rally’s award-winning, cloud-based Agile development platform and the industry’s most practiced transformation consultants and Agile coaches.
The acquisition of Rally is a noteworthy milestone in CA’s strategy to assist customers thrive in the application economy, in which software applications are ubiquitous - driving every facet of business in every part of the world.
Rally Software Development Corp. provides cloud-based solutions for the administration of Agile software development worldwide. It offers software and services that drive agility. The company’s platform transforms the way organizations manage the software development lifecycle by aligning software development with planned business objectives, facilitating collaboration, and enhancing transparency.
At the end of Thursday’s trade, Shares of Oracle Corporation (NYSE:ORCL), lost -0.63% to $43.86.
On May 15, Oracle declared a partnership with Mirantis to enable Oracle Solaris and Mirantis OpenStack users to accelerate application and database provisioning in private cloud environments via Murano, the application project in the OpenStack ecosystem. This effort brings Oracle Database 12c and Oracle Multitenant deployed on Oracle Solaris to Murano — the first Oracle cloud-ready products to be accessible in the catalog.
Oracle OpenStack for Oracle Solaris combines the advanced security, enterprise class reliability, and ease of administration of the Oracle Solaris operating system with the agility of OpenStack to create the premier, comprehensive cloud platform for running enterprise applications and Oracle Database.
Oracle Multitenant, introduced with Oracle Database 12c, allows multiple Pluggable Databases to be supported within a single Multitenant Container Database. Each Pluggable Database provides a secure, isolated environment in which to run applications. The merged Container Databases represent a single environment for a cloud provider to support, enabling tremendous economies of scale. In just a few clicks, cloud users and developers can:
- Securely provision Pluggable Databases on Oracle Solaris from OpenStack
- Allow applications to securely access new and existing Pluggable Databases from within OpenStack
- Enable OpenStack applications to take advantage of the advanced security, performance and efficiency of Software in Silicon technology built into Oracle’s forthcoming systems based on SPARC M7 processors running Oracle Database 12c on Oracle Solaris.
Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.
Finally, Groupon, Inc. (NASDAQ:GRPN), ended its last trade with 0.08% gain, and closed at $6.41.
Groupon, declared that Jason Child, Chief Financial Officer, and Rich Williams, President of North America, will present at the Bank of America Merrill Lynch 2015 Global Technology Conference in San Francisco on Wednesday, June 3 at 10:45 a.m. Pacific Daylight Time.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
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