Intel is going to spin out its subsidiary Intel Security, calling the new entity with its old name – McAfee, and selling a majority stake in it to investment firm TPG for USD 3.1 billion in cash. In other words, McAfee, once one of the household names in computer security software, is poised to become an independent business once more. Intel that bought McAfee for USD 7.7 billion in 2011, will get USD 3.1 billion cash and retain a 49 percent stake in the new company. TPG, based in Fort...

WinMagic, a global leader in encryption management, has entered into a strategic tie-up with RAH Infotech, a leading value added distributor in India. The collaboration is aimed at leveraging the synergies of the two partners to help organizations minimize business risks, meet privacy and regulatory compliance requirements and protect valuable information assets against unauthorized access. “Within an enterprise, there are a wide variety of systems and processes that make data security complex and challenging. To ensure the success of your IT infrastructure as it grows, it’s critical to host and...

At the BMC Engage 2016, its annual user conference, BMC expanded its Digital Enterprise Management (DEM) strategy with seven action-oriented key initiatives, designed for customers to fast track digital business. DEM helps companies adopt the mindset required to make critical changes in favor of digital while preserving the core franchise, and establish a goal-oriented strategy with the necessary tools to become a successful digital business. BMC first introduced DEM, the company’s strategic focus, last fall and included an integrated set of IT solutions designed to accelerate digital transformation. Critical to...

ICICI Bank, India’s largest private sector bank, today announced the deployment of ‘Software Robotics’ in over 200 business processes across various functions of the bank. The bank is the first in the country and among few, globally, to deploy ‘Software Robotics’ that emulates human actions to automate and perform repetitive, high volume and time consuming business tasks cutting across multiple applications. ICICI Bank has deployed these software robots in over 200 business process functions across the organisation including retail banking operations, agri-business, trade & forex, treasury and human resources management...

In what is a true gigantic deal in the world of technology, Dell Corporation has completed the acquisition of EMC Corporation for a sum of USD 67 billion. After the completion, the new entity is being called Dell Technologies, is to become the world’s largest privately controlled technology company. Headquartered in Round Rock, Texas, the new company will have Dell, Dell EMC, Virtustream, and Vmware under its umbrella, and they already have a current human resource base of 140,000 the world over. Michael Dell, the Chairman & CEO of Dell Technologies...

As Reliance Jio sets off to deliver its services, other telecom giants, Airtel and Vodafone have announced the introduction of new post-paid plans which will give them more value for their money. In a press statement from Airtel, on WhatsApp and other social media apps, they have mentioned, “Airtel is also planning some new plans for its post-paid users. You will be hearing about the new plans very soon.” They also mentioned in detail, their analysis of the Reliance Jio offers, where they made it clear, that Reliance’s claims are...

The fiscal year 2016 has proven to be a year of online extortion through various malicious attacks. The ransomware malware has targeted over 180 enterprises so far in 2016, security solutions company Trend Micro has revealed. Ransomware, also called Business Email Compromise (BEC), globally caused companies a loss of a whopping $3 billion, the report said. However, no figure has been provided for losses in India. BEC schemes are scam tactics which compromise business accounts in order to facilitate an unauthorized fund transfer and is considered one of the most...

Microsoft who was the late entrant to the cloud market will finally be known as the overall leader in the software-as-a-service (SaaS) market setting aside Salesforce, albeit by a small margin. Microsoft had a 15 per cent share of worldwide enterprise SaaS revenues and Salesforce 14 per cent in Q2, according to Synergy Research Group. Strangely, Salesforce doesn’t even rank in all the different aspects of SaaS. It holds the dominant position in customer relationship management (CRM), true. Read Also:Ex-Microsoft MD Karan Bajwa To Join IBM Like a lot of...

In a move that will benefit the music entertainment industry, the government has decided to include Internet broadcasting under the purview of the Copyright Act. Under the earlier provisions, ‘broadcasting organizations’ mainly covered radio and television. Now the Department of Industrial Policy and Promotion (DIPP) has brought Internet broadcasting under the ambit of the copyright law which will benefit audio streaming websites such as Saavn and Gaana.com. “The provisions of section 31D (of the Copyright Act, 1957) are not restricted to radio and television broadcasting organizations only, but cover Internet...

Global wireless and networking brand, Linksys has announced the reappointment of Compuage Infocom Limited as its National Distributor in India. According to company officials, Compuage Infocom Limited will be the exclusive India distributor for the Linksys range of products which include wireless/Wi-Fi and networking solutions for Consumer and SMB segments. Headquartered in Mumbai, Compuage Infocom has a pan-India presence with branches across 45 cities and a strong network of more than 10000 partners. Linksys India hopes to strengthen its India presence and reach out to tier 2 and 3 cities...