Duncan Riley
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Shares in Box Inc. dropped in after-hours trading today after the company delivered weaker-than-expected fourth-quarter guidance. For the quarter ended Oct. 31, Box reported a profit before costs such as stock compensation of 20 cents a share on revenue that rose 11% from …
Ivanti completes acquisition of MobileIron and Pulse Secure
Information technology security software company Ivanti Inc. said today it has completed its acquisitions of endpoint management solutions firm MobileIron Inc. and secure access provider Pulse Secure LLC that it announced in September. The deal to acquire MobileIron was valued at approximately $872 million, with MobileIron …
Salesforce to acquire Slack in $27.7B cash-and-stock deal
Salesforce.com Inc. today announced that it has entered a definitive agreement to acquire Slack Technologies Inc. in a deal valued at $27.7 billion. Slack shareholders will receive $27.79 per share and 0.0776 shares of Salesforce common stock. The deal is a premium over …
Bitcoin hits record high off the back on institutional support
Bitcoin hit a record high in trading today as the cryptocurrency market continues to boom during the COVID-19 pandemic. The price of bitcoin peaked at $19,829.27 at 10:15 a.m. EST before dropping to $19,158 and then rising slightly once again. Bitcoin was trading …
Despite smashing predictions, Zoom sees share price drop as record growth slows
Zoom Video Communications Inc. once again smashed analyst predictions in its quarterly earnings today, but its shares fell in after-hours trading as the company warned that its record growth will not last forever. For the quarter ended Oct. 31, Zoom reported revenue rocketed …
DopplePaymer ransomware targets ‘Big Brother’ producer Endemol Shine
Endemol Shine, the global production company behind television shows such as “Big Brother,” “MasterChef” and “The Voice,” has been struck by a DopplePaymer ransomware attack and sensitive information was stolen. The attack was confirmed Nov. 26 by Banijay SAS, the parent company …
Industrial computer manufacturer Advantech hit with a ransomware attack
Industrial computer manufacturer Advantech Co. Ltd. has been hit with a ransomware attack, and those behind the attack are demanding a ransom of 750 bitcoin ($13.8 million). Based in Taiwan, Advantech is the world’s largest supplier of industrial computers, with a 34% market …
North Korean hackers targeting staff at COVID-19 vaccine maker AstraZeneca
Suspected North Korean hackers have been targeting employees of U.K.-Swiss drug company and COVID-19 vaccine maker AstraZeneca plc in an attempt to hack the company, according to sources quoted Friday by Reuters. The hackers are said to have been posing as recruiters on sites …
Baltimore County schools forced to cancel classes following ransomware attack
The Baltimore County Public School system was forced to cancel classes Wednesday after its computer network was struck by a ransomware attack. According to local reports, the ransomware disabled the school system’s entire network. The attack struck the network Tuesday night. One parent …
Sophos customer data exposed following ‘access permission issue’
U.K. cybersecurity software company Sophos Group plc has suffered a security breach, exposing data relating to some of its customers. The company informed customers via email, describing the breach as involving an “access permission issue in a tool used to store customer information …