(courtesy of Jacksonville Business Journal) When Infosys, a big Indian technology outsourcing company, opened a new office in Indianapolis this year, executives hailed it as a step along a new path. Infosys built itself into a global giant by running the digital engine rooms of U.S. corporations with armies of engineers in India. But the … Continue reading Infosys built its global machine with Indian workers. Can it adjust to Trump’s ‘Hire American’?
(Courtesy of Jax Biz Journal) Web.com Group Inc. (Nasdaq: WEB) shareholders agreed Wednesday to sell the Jacksonville-based web services and marketing company to an affiliate of Siris Capital Group LLC for $2.24 billion, or $28 per share. After being traded on the Nasdaq Capital Market since 2005, Web.com will now be a wholly owned subsidiary. … Continue reading Web.com shareholders decide on $2.24 billion sale
(Courtesy of Bloomberg Businessweek) In 2015, Amazon.com Inc. began quietly evaluating a startup called Elemental Technologies, a potential acquisition to help with a major expansion of its streaming video service, known today as Amazon Prime Video. Based in Portland, Ore., Elemental made software for compressing massive video files and formatting them for different devices. Its … Continue reading The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies
(Courtesy of JaxBizJournal.com) The business world has long been plagued by Apple catastrophists — investors, analysts, rival executives and journalists who look at the world’s most valuable company and proclaim it to be imminently doomed. The critics’ worry for Apple is understandable, even if their repeated wrongness is a little hilarious. Apple’s two-decade ascent from … Continue reading How Apple thrived in a season of tech scandals
(Courtesy of Jacksonville Business Journal) Black Knight Inc. announced Monday it has acquired Philadelphia-based artificial intelligence company HeavyWater for an undisclosed amount. Black Knight (NYSE: BKI) intends to use the company's AI capabilities to enhance its product offering. HeavyWater, a 2-year-old company of 14 employees, designed its AI suite, AIVA, to help mortgage lenders … Continue reading Updated: Jacksonville-based Black Knight acquires AI company to enhance financial services