With Twitter’s IPO set to go live later today the company has priced its shares at $26 each, higher than the expected range of $23-25. With 70 million shares on offer the company is looking to score around $1.8bn in proceeds with a 30 day option for another 10.5 million shares to be sold.
Tech giant IBM has reported that 21.8 per cent of all US online sales on the Black Friday shopping holiday were made from a mobile device. The revenue generated from mobile by retailers rose 43 per cent year on year, and mobile traffic accounted for 39.7 per cent of all online traffic on the day.
There’s plenty of stuff in this world the Informer doesn’t understand and how companies that make no money can rake it in from a stock market floatation is one of them. The Twitter founders buzzed the bell at the New York Stock Exchange on Thursday and released 70 million shares to the frenzied masses. Despite opening at $26, the market closed at almost $45, with the company reflecting a market value of more than $31bn. The company’s valuation ahead of the IPO was closer to $17bn.
Tech giant IBM has acquired cloud based mobile messaging tools provider Xtify. The push comunications specialist claims to help organisations improve mobile sales, drive in-store traffic and engage customers with personalised offers.
IBM on Tuesday announced that it has reached a definitive agreement to acquire The Now Factory, a Dublin-based company providing analytics software that helps communications service providers optimise their networks.
Chinese BSS provider AsiaInfo-Linkage has teamed up with IBM to bring its Big Data appliance to Europe and other markets outside of China. The key to the Veris C3 (C cubed) offering is contextual awareness to ensure operators are only delivering relevant ads to their customers.
US operator AT&T has teamed up with IT giant IBM to help businesses develop more network efficient smartphone apps. By integrating the two firms’ technologies, they hope to enable enterprises to conduct testing and analysis of their apps’ network and battery usage.
Hardware manufacturers Nokia Siemens Networks and Intel are to collaborate on common objectives around NSN’s Liquid Applications initiative, to help operators develop new revenue and differentiation opportunities.
Infrastructure vendor Nokia Siemens Networks and IT giant IBM focused on moving intelligence to the network edge on Monday with the unveiling of a mobile edge computing platform designed to run applications within the mobile base station.
With M2M services expected to grow rapidly over the coming quarters, Vodafone is attempting to steal a march on its rivals by collaborating with tech giant IBM for the remote management of connected home appliances. The two firms have been demonstrating the mobile management of a washing machine and other smart home devices, connected by Vodafone’s Global M2M Platform and running on IBM’s new SmartCloud Service Delivery Platform at the IFA consumer technology event in Berlin this past week.
The ongoing patent war between smartphone players is showing no signs of abating in 2012, as it has been revealed that Google acquired more patents from IBM at the end of last year, some of which are likely to be used to protect its Android handset ecosystem.
When 24 of the telecoms world’s biggest players announced the formation of the Wholesale Applications Community (WAC) at the Mobile World Congress in February 2010, it’s fair to say the pundits’ response was overwhelmingly sceptical. Peters Suh, WAC CEO, tells Telecoms.com such scepticism was misplaced.
News that email and interactive marketing solutions provider ExactTarget is to upgrade its market segmentation capabilities with Netezza’s TwinFin data warehouse appliance may not be raising eyebrows, but in the light of IBM’s impending $1.7bn acquisition of Netezza, it underlines the growing importance of data analytics to the communications industry.
IBM and transaction management firm Openet extended their relationship this week with a focus on the cloud, a technology which has gripped the attention of operators worldwide.
IBM expanded further into the telecoms space on Thursday with the unveiling of a cloud services platform aimed at carriers and service providers. The offering encompasses hardware, software and services which would allow telcos to offer cloud computing to their own customers.
Information technology giant IBM made its presence known in the African telecoms market on Friday, having scored a deal with Bharti Airtel to manage the carrier’s technology and services across 16 countries and around 72 million users.