ASE Technology Holding’s Subsidiary, USI Shanghai, Announces Completion of Acquisition of Asteelflash

TAIPEI, Taiwan, R.O.C., Dec. 3, 2020 /PRNewswire/ — ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, “ASEH” or the “Company”), today announced the Company’s subsidiary, Universal Scientific Industrial (Shanghai) Co., Ltd. (“USI”, SSE: 601231), has successfully completed the acquisition (the “Acquisition”) of 100% shares of Asteelflash Group through the acquisition of Asteelflash Group’s parent company, Financière AFG S.A.S. (“FAFG”).

The closing consideration was paid in an amount of US$421,481,287, including cash and share consideration. In addition to the payment of closing consideration, Universal Scientific Industrial (France) (“USI France”), USI’s wholly owned subsidiary, is obliged to pay an additional amount up to US$42,804,551 in cash, subject to an earn-out mechanism linked to FAFG’s business performance provided under the definitive agreement, after the end of year 2022. The cash consideration was in an amount of US$374,606,287 paid by USI France upon closing. Upon making payment

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Redflex Goes AI With Transportation Tech Acquisition

The company, which offers many traffic enforcement tools, has bought out an Israeli computer vision company, signaling more sophisticated use of cameras, sensors and other roadway technology.


Redflex, a large global intelligent traffic solutions company, has signaled a move toward emerging technology with the acquisition of an Israeli AI firm.

That’s RoadMetric, whose computer vision work strikes at the heart of much of emerging technology in transportation right now. Computer vision involves algorithms that can take video or other image feeds from cameras and sensors and extract information from them — commonly, identifying objects. That allows for faster, more effective work with large image sets that can enable use cases, which would be difficult or impossible with human reviewers.

Redflex’s offerings include enforcement technology for drivers who run red lights and speed, for example.

“This acquisition will allow us to provide customers with advanced machine vision analytics software

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Worldwide Modern Talent Acquisition Suites for Large Enterprise 2020

NEW YORK, Dec. 1, 2020 /PRNewswire/ — Greenhouse, the hiring software company, today announced the company has been named a Leader in the IDC MarketScape Worldwide Modern Talent Acquisition Suites for Large Enterprise 2020 Vendor Assessment (doc #US45438920, September 2020)1. Acknowledged for its suite of software and services that help over 4,000 companies build powerful hiring strategies to stay ahead of their talent needs, Greenhouse was named a Leader for Medium-Sized Enterprise2 and Small and Mid-Sized Businesses.3

The IDC MarketScape report analyzed 13 vendors to determine their ability to successfully transform recruiting processes before, during and after implementation. In the report Megan Buttita, Research Director for IDC’s Emerging Trends in Talent Acquisition, notes “vendors that provide product reliability, innovation, customer satisfaction and service, and in-demand cutting-edge features and functionality will thrive as the global economy returns to growth and enters the

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Dow Jones Tumbles as Apple Stock Rises on Price Target Bump, Salesforce Stock Slumps on Expected Slack Acquisition

The Dow Jones Industrial Average (DJINDICES:^DJI) couldn’t hold it together on Monday, slumping about 0.89% by 10:05 a.m. EST. The COVID-19 vaccine situation improved after Moderna released the full results of its phase 3 study, but the news wasn’t enough to propel the markets higher. Moderna found a vaccine efficacy of 94.1% against COVID-19, with an efficacy of 100% against severe COVID-19 cases.

Shares of Apple (NASDAQ:AAPL) got a boost after receiving an analyst price target increase on 5G upgrade optimism. Meanwhile, shares of (NYSE:CRM) slumped on a report that the company’s acquisition of Slack (NYSE:WORK) is coming tomorrow.

5G text over earth.

Image source: Getty Images.

Apple gets a higher price target on 5G optimism

Asking people what they’re going to do isn’t a very reliable method of predicting what they’re actually going to do. Surveys often indicate that some large percentage of Netflix‘s user base would cancel or downgrade their

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Walmart’s JoyRun acquisition will help with ‘last mile’ delivery

  • Walmart has announced its intent to acquire peer-to-peer delivery company JoyRun.
  • “We’ll be able to explore how the technology could complement ours,” Srini Venkatesan, Walmart’s executive vice president of global technology, told Business Insider in a statement.
  • Walmart has long worked to dominate “last mile” delivery in order to better compete against rivals like Amazon.
  • Visit Business Insider’s homepage for more stories.

Walmart is taking yet another run at honing its last mile delivery capabilities, this time by announcing its intent to acquire the talent, technology platform and intellectual property of technology company JoyRun.

JoyRun is a peer-to-peer delivery app that was founded in 2015. The app allows users to request an order from a local store. If another users accepts the order, they can serve as a “runner” by picking it up and delivering it for a fee, or for free. JoyRun’s has cultivated a network of 30,000 such

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Byju’s acquisition of WhiteHat Jr may hurt the ed-tech unicorn

graphical user interface

© Provided by Quartz

Earlier this year, when most Indian businesses were struggling to cope with the slowdown caused by the Covid-19 pandemic, India’s largest ed-tech startup impressed many by spending a small fortune on an acquisition that would add a new vertical to its already robust business. But just three months later, the prized buyout is quickly becoming a pain point that could have lasting damage on its new parent.

In August, Bengaluru-based ed-tech unicorn Byju’s acquired WhiteHat Jr, an online coding school for young kids, for $300 million (Rs2,223 crore). At the time of the acquisition, WhiteHat Jr seemed like a promising bet. After all, the 18-months-old firm already had learners in India and the US. It was also planning to expand to Canada, the UK, Australia, and New Zealand.

Backed by marquee investors like Nexus Venture Partners and Omidyar Network, WhiteHat Jr had raised just $11 million

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Salesforce Is Said to Explore Acquisition of Slack

Representatives for Salesforce and Slack couldn’t immediately be reached for comment.

The Wall Street Journal first reported on the discussions.

Acquiring Slack, which has a market valuation of almost $22 billion following reports of the talks, would be Salesforce’s biggest deal ever, according to data compiled by Bloomberg. The San Francisco-based company, led by Marc Benioff, last year acquired Tableau Software Inc. in an all-stock deal valued at $15.3 billion.

“Smart move by Benioff,” especially if he uses stock, said Anurag Rana, an analyst at Bloomberg Intelligence. “It helps both and Slack compete more aggressively with Microsoft.”

Slack soared to an intraday high of $39.73. The stock has fluctuated this year as the pandemic’s effect on businesses has spread to its customer base. Shares plummeted 19% in September after the company’s quarterly billings fell short of analysts’ estimates, as its small- and mid-sized business customers cut spending budgets. The

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Salesforce Reportedly Kicks Tires on Slack Acquisition

Shares of work messaging app Slack Technologies jumped more than 7% Wednesday after the company was reportedly approached for an acquisition by Salesforce .

a scaffolding in front of a building: Salesforce Reportedly Kicks Tires on Slack Acquisition

© TheStreet
Salesforce Reportedly Kicks Tires on Slack Acquisition

Any deal would value Slack above its current $17 billion market capitalization, The Wall Street Journal reported. It would represent Salesforce’s largest acquisition to date.

There is no guarantee that the acquisition talks will lead to a deal and Salesforce could ultimately choose a different target, sources told the Journal.

Slack jumped 7.1% to $31.68 on the news before being halted due to volatility. Salesforce shares dropped more than 3% on the news to $252.70, though the stock has risen about 55% year to date.

Requests for comment from both Slack and Salesforce weren’t returned immediately Wednesday.

Analysts at Wedbush published an industry note Wednesday afternoon following the news, saying “This would be an aggressive move for

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Emerson Completes Acquisition of 7AC Technologies, Inc.

Acquisition helps Emerson’s customers further their sustainability goals through better air management

Emerson (NYSE: EMR) today announced it has completed the purchase of 7AC Technologies, Inc. 7AC is a technology start-up offering an emerging approach to air conditioning technology that enables energy savings and sustainable air management.

Emerson, a longtime leader in advanced heating and cooling technologies, has been collaborating with 7AC to commercialize a new technology that enables customers such as commercial building owners and retailers to achieve desired relative humidity and temperature in a single step. The membrane-based liquid desiccant technology is flexible, fully modular and can be incorporated into various applications.

“With liquid desiccant technology, 7AC provides a one-step solution that demonstrates better energy efficiency and air quality than current best-in-class products,” said Jamie Froedge, executive president of Emerson’s Commercial & Residential Solutions business. “In response to customer needs, industry regulations and

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PAE Completes Acquisition of CENTRA Technology

FALLS CHURCH, Va., Nov. 20, 2020 (GLOBE NEWSWIRE) — PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart solutions to the U.S. government and its allies, today announced that it has completed its acquisition of CENTRA Technology, Inc. The transaction brings new, value-added service and technology offerings to PAE’s portfolio, including intelligence analysis, communication systems integration and research and development services.

PAE President and CEO John Heller commented:

“The acquisition of CENTRA expands PAE’s addressable market into new, attractive mission-critical business areas, opening up important higher growth and margin market areas for the worldwide PAE enterprise. The combination of PAE’s and CENTRA’s capabilities and experience will position PAE to bid a significantly expanded pipeline of opportunities that were previously not actionable to PAE prior to the acquisition. In addition, through the combination with CENTRA, PAE adds uniquely qualified employees to our global workforce with subject matter expertise across a

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