Outsourcing giant Infosys Ltd. said today it has reached an agreement to acquire Salesforce.com Inc. partner consulting firm Simplus Inc. Infosys did not disclose a specific acquisition price, but a regulatory filing said the acquisition was valued at up to $250 million — $200 million up front with “employee incentives and retention payments amounting up to ...

Shares in Slack Technologies Inc. surged as high as 21% today after a report claimed that International Business Machines Corp. had picked the company to exclusively provide its 350,000 employees with workplace collaboration tools. The problem: IBM isn’t a new Slack customer. The spike in Slack’s share price came as a result of Business Insider claiming, ...

Reduced supply and increased demand thanks to the Wuhan coronavirus in China spurred bitcoin to break through $10,000 over the weekend, its highest level since September. Bitcoin started to see price increases thanks to coronavirus concerns in January. Some saw the cryptocurrency as a safe harbor at a time of financial market concern, but the ...

Facebook Inc. reportedly has acquired London computer vision startup Scape Technologies Ltd. in an apparent move to build out its augmented reality capabilities. The price of the deal was not disclosed, but TechCrunch reported early Saturday that it could have been about $40 million. Founded in 2016, Scape has built a localization engine that is designed for city-scale ...

Tech companies remain on edge Monday morning in mainland China amid conflicting reports about whether suppliers — most notably among them Foxconn — would resume production this week during the Wuhan coronavirus epidemic. Foxconn, the world’s largest provider of manufacturing services, manufactures products for Apple Inc., Amazon.com Inc., Cisco Systems Inc., Dell Inc., Google LLC, Hewlett ...

The appeal of obtaining free copies of Oscar-nominated movies is being used to distribute malware and phish user details, security researchers at the cybersecurity firm Kaspersky Lab revealed today. The researchers discovered more than 20 phishing websites and 925 files that were presented as free movies with many being promoted by accounts on Twitter Inc. The sites force users ...

A U.S. Securities and Exchange Commission member today formally proposed a safe harbor period for cryptocurrency token sales to allow companies to raise money using tokens without running afoul of securities laws. Under the proposal by Hester Peirce (pictured, left), crypto startups would have a three-year grace period from their first token sale to achieve ...

Twitter Inc. share surged in regular trading early today after the microblogging service provider beat analysts’ estimates on revenue and user growth in its fourth quarter. For the quarter ended Dec. 31, Twitter reported revenue of $1.01 billion, up 11% year-over-year and ahead of analysts’ predictions of $996.7 million. It’s the first time Twitter has ...

Updated: Uber Technologies Inc. shares rose more than 6% in after-hours trading Thursday after the ride-hailing company beat analysts’ predictions in its fourth-quarter earnings while also bringing forward its profitability forecast. For the quarter ended Dec. 31, Uber booked revenue of $4.07 billion, up 37% from the same quarter of 2018 and a touch higher ...

Bitbucket, the Atlassian Corp. Plc-owned git code hosting service, has been abused to compromise 500,000 computers globally, according to cybersecurity firm Cybereason Inc. The hacking campaign involves using malware hosted on Bitbucket to deliver what the Cybereason describes as “an arsenal of malware that is able to steal data, mine for cryptocurrency and deliver ransomware to victims ...