(Reuters) - Network gear maker Arris Group Inc said it would buy British set-top box maker Pace Plc in a $2.1 billion cash-and-stock deal to expand its operations outside North America.
The deal, which involves the creation of a new company that will be incorporated in the UK, will help Arris reduce corporate taxes.
Arris said the deal will reduce its non-GAAP tax rate to about 26-28 percent. The company's tax rate was 36.8 percent in 2014.
Recently I have been studying the approaches of many security technology firms, and what I've found is that a fundamental shift is happening in security technology: Security scanning and analysis mechanisms are starting to move from hardware appliances to the cloud.
HELSINKI/PARIS (Reuters) - Nokia will buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson.
The deal will redefine a sector suffering weak growth prospects and pressure from low-cost Chinese players Huawei and ZTE.
(Reuters) - U.S. arms maker Raytheon Co is buying network security provider Websense Inc from private equity firm Vista Equity Partners LLC in a $1.9 billion deal, the latest in the fast-growing cybersecurity market.
Several companies, including Sony Corp, Staples Inc, Home Depot Inc and Target Corp, have been targets of high-profile data thefts over the past two years.
COLORADO SPRINGS, Colo. (Reuters) - The U.S. Air Force is studying how to develop a common ground system to track, communicate with and control all the satellites it operates, a move that would save money and improve cybersecurity, the head of Air Force Space Command said on Thursday.
General John Hyten said in an interview that several options were under discussion that would free up money to focus on the sensors on different satellite systems that are used for communications, navigation, missile warning and other missions.
PARIS (Reuters) - Finland's Nokia Oyj is close to a deal to buy Alcatel-Lucent's mobile networks unit to boost its core business especially in the United States and China, Les Echos newspaper reported on Monday.
The French business daily said an announcement could come "quickly," citing a source close to the matter. The paper said meetings between managers at the two companies had increased since January.
Alcatel and Nokia declined to comment.
(Reuters) - Hackers, most likely from China, have been spying on governments and businesses in Southeast Asia and India uninterrupted for a decade, researchers at internet security company FireEye Inc said.
In a report released on Monday, FireEye said the cyber espionage operations dated back to at least 2005 and "focused on targets - government and commercial - who hold key political, economic and military information about the region."
BRUSSELS (Reuters) - After waiting more than four years for Brussels to resolve his anti-trust complaint against Google while traffic to his website plunged by 80 percent, Michael Weber of German online mapping service Hot-Map.com held out little hope of success. Until now.
He says a meeting with the new competition chief of the European Commission has left him with newfound hope that Brussels will take action at last to curb behavior by the U.S. Internet giant, which he blames for hurting his business.
SINGAPORE (Reuters) - Singapore Telecommunications, Southeast Asia's largest telecommunications operator by revenue, is buying U.S.-based cyber-security firm Trustwave for $810 million, marking its biggest acquisition outside the main telecoms sector.
The deal comes as Singtel is moving away from being a pure-play telecoms company and pursues expansion in areas such as "digital life", which includes mobile video and digital advertising, and cyber security through partnerships with FireEye Inc and Akamai, among others.
A poll by the Organization of American States found that 40 percent of respondents had battled attempts to shut down their computer networks, 44 percent had dealt with bids to delete files and 54 percent had encountered “attempts to manipulate” their equipment through a control system.