OCZ Launches the Next Generation Vertex 450 Series Solid State Drives
OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced the release of the Vertex 450 SATA III SSD Series featuring the company's proprietary Indilinx Barefoot 3 M10 Series controller. As part of the leading-edge Vertex series, Vertex 450 lives up to its name and bridges the gap between high performance and mainstream solid-state storage. With advanced storage performance, reliability, and quality, the Vertex 450 utilizes 20nm process geometry NAND flash to meet the needs of today's high-end consumer and client applications.
Goodman Networks to Acquire Multiband
Goodman Networks Incorporated, a privately held leader in the design, engineering, deployment, integration and maintenance of wireless telecommunication networks, and Multiband Corporation, (MBND), a leading Home Service Provider (HSP) for DIRECTV and the nation's largest DIRECTV Master System Operator (MSO) for Multiple Dwelling Units (MDUs), today jointly announced that they have signed a definitive merger agreement, pursuant to which Goodman Networks will acquire Multiband.
Under the terms of the agreement, Goodman Networks will pay $3.25 per Multiband common share, redeem all of Multiband's outstanding preferred stock and repay Multiband's outstanding bank indebtedness in an all cash transaction totaling approximately $116 million.
Genesys to Acquire Leading Cloud-Based Customer Engagement Solution Provider SoundBite Communications
Genesys Extends Cloud Contact Center Leadership Position With Addition of Proactive Collections and Payments, Mobile Marketing Applications, and Customer Service Solutions
Genesys, a leading provider of customer engagement and contact center solutions, today announced it signed a definitive agreement to acquire SoundBite Communications (SDBT) for a price of $5.00 per share. SoundBite delivers cloud-based proactive collections, payments, and mobile marketing applications, as well as proactive customer service solutions to enterprises.
The transaction, which has been unanimously approved by the Boards of Directors of SoundBite and also by Genesys, will be accomplished pursuant to a cash tender offer followed by a second step merger.
Yahoo! to Acquire Tumblr
Promises not to screw it up
Yahoo! Inc. (NASDAQ: YHOO) and Tumblr announced today that they have reached a definitive agreement for Yahoo! to acquire Tumblr.
Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO. The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.
With more than 300 million monthly unique visitors and 120,000 signups every day, Tumblr is one of the fastest-growing media networks in the world. Tumblr sees 900 posts per second (!) and 24 billion minutes spent on site each month. On mobile, more than half of Tumblr’s users are using the mobile app and do an average of 7 sessions per day.
Websense Signs Definitive Agreement to be Acquired by Vista Equity Partners
Shareholders to receive $24.75 per share in cash in transaction valued at approximately $1 billion
Websense, Inc. (NASDAQ: WBSN) a global leader in protecting organizations from the latest cyber-attacks and data theft, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners ("Vista"), a leading private equity firm focused on investments in software, data and technology-enabled businesses.
"After detailed discussions with several potential acquirers, the Websense board of directors is pleased to approve this agreement," said John Carrington, chairman of the Websense board of directors. "It provides stockholders with immediate and substantial cash value that reflects our assessment of the fair value of the company."
Pactera Announces Receipt of "Going Private" Proposal at US$7.50 Per ADS
Pactera Technology International Ltd. (PACT) ("Pactera" or the "Company"), a global consulting and technology services provider strategically headquartered in China, today announced that its board of directors has received a non-binding proposal letter dated May 20, 2013 from an affiliate of funds managed or advised by Blackstone, the Company's non-executive Chairman, Chris Chen, its Chief Executive Officer, Tiak Koon Loh, and its Executive Committee members, David Chen, Sidney Huang and Jun Su (collectively, the "Buyer Consortium") to acquire all of the outstanding shares of Pactera not currently owned by the Buyer Consortium in a going private transaction (the "Transaction") for US$7.50 per American Depositary Share ("ADS", each ADS representing one common share of the Company) in cash, subject to certain conditions.
Camtek Announces First Quarter 2013 Results
Revenues of $18.1 million; expects sequential revenue growth of approximately 20% for the second quarter
Camtek Ltd. (NASDAQ and TASE: CAMT), today announced its financial results for the quarter ended March 31, 2013.
Highlights of the First Quarter 2013Revenues of $18.1 million; Improved gross margins of 45.8% (Non GAAP); 45.4% on a GAAP basis; Non-GAAP operating income of $0.1 million; GAAP operating loss of $0.2 million; Non-GAAP net loss of $0.2 million; GAAP net loss of $0.9 million; Second quarter revenue guidance of $21-23 million
Meade Instruments Corp. Announces Merger Agreement; to be Acquired by Jinghua Optics & Electronics
Meade Instruments Corp. (Nasdaq:MEAD) ("Meade"), (est. 1972) one of the world's largest designers and manufacturers of telescopes and accessories for amateur astronomers, and Jinghua Optics & Electronics Co., Ltd. ("JOC") announced today that Meade and JOC's wholly-owned subsidiary, JOC North America LLC ("JOCNA") and JOCNA's wholly-owned merger subsidiary, have signed a definitive merger agreement for JOCNA to acquire all of the outstanding shares of Meade for approximately $4.5 million or $3.45 per share. The acquisition will be paid with cash and is expected to be completed by the end of July 2013, subject to shareholder approval.
JOC (est. 1997) with manufacturing facilities in Guangzhou and Kunming, China, is also the parent company of Explore Scientific, LLC (USA) and Meade Instruments Europe GmbH & Co. KG (Germany).
NASDAQ Welcomes Marketo [MKTO] to The NASDAQ Stock Market
The NASDAQ OMX Group, Inc. (NDAQ) today announced that trading of Marketo, Inc. (MKTO), the provider of a leading cloud-based marketing software platform, commenced on The NASDAQ Stock Market on Friday, May 17, 2013. Marketo is listed under the ticker symbol MKTO.
Marketo is a provider of an easy-to-use marketing software platform that enables a variety of organizations to engage in modern relationship marketing. Marketo's customer base extends across more than 2,300 customers across a multitude of industries including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications.
Synacor Selected for Google I/O 2013 Developer Sandbox
Synacor to Showcase Cloud ID Social Login with Google+ Sign-In for TV Everywhere Sites and Apps, Google I/O, May 15-17, Moscone West Convention Center, San Francisco, Calif.
Synacor Inc. (SYNC), the leading provider of next-gen startpages, award-winning TV Everywhere solutions, and cloud-based Identity Management (IDM) services, across multiple devices for cable, satellite, telecom and consumer electronics companies, will demo Cloud ID Social Login with Google+ and advanced TV Everywhere technologies in the Developer Sandbox at Google I/O, May 15-17, Moscone West Convention Center in San Francisco, Calif. Developers and technologists will discuss with Synacor how Social Login, recently named as a TMC Cable Spotlight Product of the Year, was built to break down TV Everywhere barriers, and how they can integrate similar technologies for their customers.
Pointer Telocation Reports Q1 2013 Financial Results
- Revenues of $22.1 million - Adjusted EBITDA - $2.8 million in Q1 2013 - Non-GAAP net income of $1.8 million in Q1 2013 Pointer Telocation Ltd. (Nasdaq CM: PNTR) - a leading developer, manufacturer and operator of Mobile Resource Management (MRM) and roadside assistance services for the automotive industry, announced today its financial results for the first quarter of 2013.
Revenues: Pointer's revenues for the first quarter of 2013 increased 2% to $22.1 million as compared to $21.6 million in the first quarter of 2012.
Dataram Announces Memory Manufacturing Partnership with Advanced Micro Devices, Inc.
Dataram Corporation [NASDAQ: DRAM]), a leading international manufacturer of computer memory and software products, announced an expanded partnership with Advanced Micro Devices, Inc. (AMD) as described in a recent press release. This partnership includes Dataram Corporation as an AMD memory-manufacturing partner to produce AMD’s new Gamer Series memory. Dataram and AMD previously announced a formal agreement for Dataram to develop an AMD-branded version of Dataram’s popular RAMDisk software. Gamer Series memory is compatible with AMD and Intel platforms, supporting both AMP and XMP memory profiles. The memory is being sold and marketed under the AMD Radeon™ Memory brand, targeting gaming enthusiasts interested in exceptional memory performance and reliability.
Procera Receives Multi-Million Dollar Follow-On Order for PL20000 From Tier 1 European Network Operator
Procera Networks, Inc. (NASDAQ: PKT), the global network intelligence company, today announced that it has received a multi-million dollar follow-on order from a Tier 1 European network operator. This order includes multiple PacketLogic™ PL20000 systems to expand the existing deployment and provide more capacity and functionality for the operator, delivering on Procera's commitment to Intelligence Everywhere in the network. The network operator chose the PL20000 due to the superior capacity that is offered by the platform compared to competitive solutions, and is continuing its investment as its network grows.
RADCOM Wins a Multimillion Dollar LTE Deal
Sixth LTE Deal Recently
RADCOM Ltd. (RDCM), a leading service assurance provider, today announced the initial phase of a multi-million dollar, multi-year deal with a Tier 1 Asian operator.
RADCOM's end-to-end LTE monitoring solution will provide service assurance for one of the largest planned LTE deployments in the world. This is the sixth LTE contract RADCOM has entered recently; thus positioning RADCOM as a leader in the rapidly developing market for LTE monitoring and service assurance solutions.
NCI Reports First Quarter 2013 Financial and Operating Results First quarter revenue of $91.5 million, diluted EPS of $0.15–both exceed top end of guidance
NCI, Inc. (NCIT), a leading provider of information technology (IT), engineering, logistics, and professional services and solutions to U.S. Federal Government agencies, today announced its financial and operating results for the first quarter ended March 31, 2013.
First quarter 2013 revenue exceeded the high end of management’s guidance range issued last quarter by $5.5 million; diluted earnings per share (EPS) exceeded the high end of guidance by $0.05.
Mindspeed Hires Morgan Stanley to Evaluate Strategic Alternatives
Mindspeed Technologies, Inc. (MSPD), a leading supplier of semiconductor solutions for communications infrastructure applications, today announced that it has retained Morgan Stanley & Co. LLC as financial advisor to assist the board of directors in evaluating various strategic alternatives available to the company.
Brightcove Announces Financial Results for First Quarter 2013
Brightcove Inc. (BCOV), a leading global provider of cloud content services, today announced financial results for the quarter ended March 31, 2013.
“We are pleased that Brightcove delivered first quarter revenue and profitability that exceeded our guidance,” said David Mendels, Chief Executive Officer of Brightcove. “The rapid shift of consumers watching digital content across a growing array of devices is forcing companies across a wide range of industries to think more strategically about their digital content delivery needs. We believe Brightcove is uniquely positioned to benefit from this long-term trend, and our focus is on continuing to drive the pace of innovation in the multi-billion dollar online video platform market.”
Synacor Expands Partnership With Verizon FiOS to Offer Seamless Content Delivery Experience and TV Everywhere Services to Pay-TV Subscribers
Through Synacor's Startpages, Verizon FiOS TV Subscribers Have Access to a Variety of Programming From HBO, Showtime, SyFy, Telemundo, NBC and More
Synacor, Inc. (SYNC), leading provider of next-gen startpages, TV Everywhere solutions and cloud-based Identity Management (IDM) services across multiple devices for cable, satellite, telecom and consumer electronics companies, today announced it has expanded its relationship with Verizon to offer the company's nearly 5 million FiOS TV subscribers access to TV shows and movies from one online destination. The My Verizon website now includes a simple search and discovery experience, easy authentication, and the ability to log in just once.
Inteliquent Announces Strong First Quarter Results and Revises 2013 Financial Guidance
Q1 2013 HighlightsDivested global data business for $54.5 million on April 30, 2013 Total revenue was $69.7 million, an increase of 3% from Q4 2012 Voice services revenue was $50.5 million, an increase of 2% from Q4 2012 Record data services revenue was $19.2 million, an increase of 5% from Q4 2012 Adjusted EBITDA (a non-GAAP financial measure) was $18.0 million, an increase of 24% from Q4 2012
Neutral Tandem, Inc. d/b/a Inteliquent (IQNT), a leading provider of voice services, today announced its financial results for the first quarter of 2013.
Redline Communications Lands First Wireless Digital Oil Field Project in South America
-- Deal with Major South American Oil Producer Expands Redline's Global Footprint--
Redline Communications (www.rdlcom.com Group Inc. TSX: RDL), a leading provider of broadband wireless solutions for machine-to-machine (M2M) communications, today announced that their rugged industrial wireless system was chosen to create a wireless infrastructure for a major oil producer in South America.
As in other parts of the world, the oil & gas industry in South America has turned to Enhanced Oil Recovery (EOR) techniques to increase production, safety, and to reduce the environmental impact in their mature oil fields.