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...Thousands of unresolved retail client complaints had not been properly flagged or processed in its internal workflow software and had continued to pile up....
...“This offer does not represent a superior offer and therefore Software AG’s management board and the independent takeover committee of the supervisory board are not in a position to engage,” Software AG...
...Deutsche Bank is winding down its remaining software technology centres in Moscow and St Petersburg as Germany’s largest lender ends two decades of heavy reliance on Russian IT expertise in the wake of the...
...Silver Lake first backed Darmstadt-based Software AG in 2021 via a €344mn investment....
...In 2023 Silver Lake acquired software provider Qualtrics for more than $12bn and privatised European technology company Software AG for about €2.6bn....
...coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the UK’s AstraZeneca, German software...
...Advantech launched a software R&D centre in Pune last October and aims to hire hundreds of software engineers....
...He was formerly CEO of Coupa Software. KKR has added Ruchir Swarup as a partner and chief information officer. He was previously at BlackRock....
...Bosch, the world’s largest automotive supplier, on Thursday said that up to 1,200 employees in its software and electronics division would be let go by the end of 2026, citing high inflation as well as increased...
...These include a stake acquired in the market plus shares from a deal struck with the largest holder, the Software AG foundation, controlled by Software AG’s founder Peter Schnell....
...Shares in the enterprise software developer rose by half at Monday’s open. That matched Silver Lake’s offer valuing Software AG at €2.2bn....
...Nuremberg-based Suse came to market trailing high hopes that its open-source Linux operating system would be a hit with enterprise software developers....
...Silver Lake itself made a similar investment in Germany’s Software AG, which it ended up acquiring. The attraction, from Viavi’s side, is clear....
...We see opportunities in companies that apply and monetize artificial intelligence (AI) across the software, internet, and semiconductor sectors....
...“The announced measures will have an impact on Credit Suisse’s divisions and may result in further impairments and writedowns, including relating to goodwill, software and real estate, certain fair value...
...Antlitz warned of a “reluctance” in Europe towards electric vehicles, but added that he expected the relaunch of electric models ID. 4 and ID. 5 next year, which are to be equipped with better technology and software...
...Companies producing everything from EV chassis and autonomous driving software to the cobalt and nickel used in batteries are hoping to find overseas partners, despite US and European angst over the rise...
...It agreed a $12.5bn deal for Qualtrics and is working to acquire Germany’s Software AG.The minority stake deal with Silver Lake would allow Hellman & Friedman to continue controlling TeamSystem while generating...
...Rival US buyout group Silver Lake beat Bain in a €2.6bn battle to buy Germany’s Software AG earlier this year. Bain made the highest offer....
...Bosch, who has been credited with successfully turning around the formerly lossmaking Bentley, does not have a background in software but will be supported by two additional “software experts” to be hired...
...In May, there was a shake-up at the helm of VW’s software arm Cariad....
...News round-up Iliad proposes merger of Italian operations with Vodafone Italia (FT) Software AG sells data platform to IBM for €2.1bn (FT) Intermarché and Auchan open talks on buying Casino stores (FT...
...Santander FY, Boeing Q4, Chubb Q4, Fujitsu Q3, GSK Q4, H&M FY, Hitachi Q3, Mastercard Q4, Match Group Q4, Nasdaq Q4, Nomura Holdings Q3, Novartis Q4, Novo Nordisk Q4, Qualcomm Q1, Samsung Electronics Q4, Software...
...The scandal, where VW was forced to admit to having installed software that could manipulate nitrogen oxide tests in close to 10mn vehicles, reverberated across the whole car industry and revealed how companies...
...Navneet Kapoor, chief technology officer at Maersk, said “things have changed dramatically over the past year with the advent of generative AI”, which can be used to build chatbots and other software that...
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