Salesforce to Buy Software Maker Slack for $27.7 Billion

(Bloomberg) — Salesforce.com Inc. agreed to buy Slack Technologies Inc. for $27.7 billion in cash and stock, giving the corporate software giant a popular workplace-communications platform in one of the biggest technology deals of the year.



an open laptop computer sitting on top of a table: Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com's expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.


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Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com’s expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.

The transaction, Salesforce’s largest-ever acquisition, is expected to close by the end of July, the San Francisco-based company said Tuesday in a statement. Slack investors will receive $26.78 for each company share as well as 0.0776 share of Salesforce — representing a 55% premium to Slack’s price on Nov. 24, the day before reports about deal talks between the companies.

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Salesforce Chief Executive Officer Marc Benioff has orchestrated more than 60

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Salesforce Agrees to Buy Software Maker Slack for $27.7 Billion

(Bloomberg) — Salesforce.com Inc. agreed to buy Slack Technologies Inc. for $27.7 billion in cash and stock, giving the corporate software giant a popular workplace-communications platform in one of the biggest technology deals of the year.



an open laptop computer sitting on top of a table: Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com's expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.


© Bloomberg
Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com’s expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.

The transaction, Salesforce’s largest-ever acquisition, is expected to close by the end of July, the San Francisco-based company said Tuesday in a statement. Slack investors will receive $26.78 for each company share as well as 0.0776 share of Salesforce — representing a 55% premium to Slack’s price on Nov. 24, the day before reports about deal talks between the companies.

Salesforce Chief Executive Officer Marc Benioff has orchestrated more than 60 acquisitions

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Tiger Global-Backed Hospital Software Maker Olive AI Reaches $1.5 Billion Value

(Bloomberg) — An Ohio startup that helps hospitals automate routine tasks is now valued at $1.5 billion after a funding round led by Tiger Global Management.



a man standing in front of a computer: A healthcare worker uses a desktop computer in the resuscitation department of the intensive care unit (ICU) at the Saint Joseph hospital in Marseille, France, on Friday, Nov. 20, 2020. President Emmanuel Macron will present a strategy next week for the gradual ending of France's coronavirus lockdown, Le Figaro reported, citing sources it didn't identify.


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A healthcare worker uses a desktop computer in the resuscitation department of the intensive care unit (ICU) at the Saint Joseph hospital in Marseille, France, on Friday, Nov. 20, 2020. President Emmanuel Macron will present a strategy next week for the gradual ending of France’s coronavirus lockdown, Le Figaro reported, citing sources it didn’t identify.

Olive AI Inc. received an investment of $228.5 million in the round, which included new investors Alphabet Inc.’s GV, Sequoia Capital, Dragoneer Investment Group and Transformation Partners. Existing investors General Catalyst and Drive Capital also joined the round.

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Columbus-based Olive has now raised $385 million in financing in the past nine months and $448 million since its inception in 2012.

The company’s software is used

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Facebook Buys Customer-Service Software Maker Kustomer

(Bloomberg) — Facebook Inc. has acquired Kustomer Inc., a New York-based software company that helps businesses manage customer conversations from multiple services on one dashboard.



a wooden cutting board: The logo for Facebook is displayed on a smartphone in an arranged photograph taken in Little Falls, New Jersey, U.S., on Wednesday, Oct. 7, 2020. Facebook Inc. is tightening its rules on content concerning the U.S. presidential election next month, including instituting a temporary ban on political ads when voting ends, as it braces for a contentious night that may not end with a definitive winner.


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The logo for Facebook is displayed on a smartphone in an arranged photograph taken in Little Falls, New Jersey, U.S., on Wednesday, Oct. 7, 2020. Facebook Inc. is tightening its rules on content concerning the U.S. presidential election next month, including instituting a temporary ban on political ads when voting ends, as it braces for a contentious night that may not end with a definitive winner.

The deal was valued at more than $1 billion, said a person familiar with the deal who asked not to be identified because the terms were private.

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The social media giant made the deal to bolster efforts to monetize its messaging business, which is expanding to include customer-service products that help companies interact with people

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Industrial Computer Maker Confirms Ransomware, Data …

Advantech reports the stolen data was confidential but did not contain high-value documents.

Industrial computer manufacturer Advantech has confirmed a ransomware attack that led to the theft of confidential, though low-value, corporate documents, BleepingComputer reports. 

Advantech, a global leader of embedded and automation platforms for Internet of Things (IoT) system integrators, manufactures embedded PCs, industrial IoT (IIoT) devices, network devices, servers, intelligent systems, and intelligent healthcare tools among its many offerings.

The Conti ransomware group was reportedly behind this attack and demanded a $12.6 million ransom to both decrypt target systems and stop publishing the data they stole. They also claimed they would remove backdoors installed on Advantech’s network if the ransom was paid. Attackers began to leak stolen data on their ransomware data leak website on Nov. 26. 

Advantech reports the affected server has been recovered and all key operating systems are functioning as normal.

Read more details here.

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Enterprise AI software maker C3.ai sets terms for $504 million IPO

C3.ai, which provides a SaaS platform for deploying enterprise AI applications, announced terms for its IPO on Monday.

The Redwood City, CA-based company plans to raise $504 million by offering 15.5 million shares at a price range of $31 to $34. Insider BlackRock and new investor Capital Research Global Investors intend to purchase a combined 20% of shares in the offering. Koch Industries and Microsoft intend to purchase a combined $150 million in a concurrent private placement. At the midpoint of the proposed range, C3.ai would command a fully diluted market value of $4.3 billion.

The company provides SaaS applications that enable the rapid deployment of enterprise-scale AI applications on Azure, AWS, the IBM Cloud, Google Cloud Platform, or on-premise. Its two primary families of software solutions include the C3 AI Suite, which is a comprehensive application development and runtime environment that is designed to allow its customers to

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Vaccine Maker AstraZeneca’s Computer Systems Targeted by Hackers

As the race to develop the COVID-19 vaccine continues, it appears that suspected North Korean hackers attempted to access AstraZeneca’s systems in the last weeks.

Reuters reports that the hackers pretended to be job recruiters and used LinkedIn and WhatsApp to contact AstraZeneca employees with false job offers. Sources told the news outlet that the hackers then sent documents that they claimed were job descriptions but instead were written with harmful code to gain entry into the victims’ computers.

The hackers targeted a “broad set of people” like COVID-19 researchers, but it doesn’t appear that their break-in attempts were successful. AstraZeneca, Pfizer, and Moderna have become the top three COVID-19 vaccine developers.

Sources told Reuters that the hackers’ tools and techniques seemed to be that of a current hacking campaign that has been assigned to North Korea. Cyberattacks targeting drugmakers, health bodies, and vaccine scientists have escalated since the outset

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Software Maker UiPath Pick Banks for 2021 IPO

(Bloomberg) — UiPath Inc. is working with advisers on an initial public offering that could take place as soon as the first half of 2021, according to people with knowledge of the matter.



a group of people walking on a sidewalk: Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 2, 2020. New York faced pressure as middle and high schools reopened, infection rates in virus hot spots rose further and the city's bond rating was cut by Moody's.


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Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 2, 2020. New York faced pressure as middle and high schools reopened, infection rates in virus hot spots rose further and the city’s bond rating was cut by Moody’s.

The New York-based software maker that helps companies automate routine processes is working with JPMorgan Chase & Co., Morgan Stanley, Credit Suisse Group AG and Bank of America Corp. on the planned share sale, said the people, who asked not to be identified because the information is private.

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The company’s plans, including the timing of a listing, could still change, the people said. UiPath is also

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Austin software maker Planview sold in $1.6 B deal, report says

Planview’s headquarters is in Austin, located in the Research Park Plaza located off of Highway 183.

AUSTIN, Texas — Editor’s note: The video published above is a KVUE Boomtown 2040 report about construction and job growth in Austin.

According to a report from KVUE’s media partner The Austin American-Statesman, the Austin-based software maker, Planview, is being sold to two private equity firms in a $1.6 billion deal. 

The report states that private equity firms TPG Capital and TA Associates have partnered to buy Planview. 

Planview has more than 700 employees worldwide and houses 275 employees in Austin, the Statesman reported. Its headquarters is in Austin, located in the Research Park Plaza located off of Highway 183.

“We’ve spent more than three decades delivering innovation, driving the market forward, and reinventing ourselves. I truly believe that the best is yet to come for our customers and for Planview,” Greg Gilmore, CEO

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Toy Maker Mattel Admits to Suffering a Ransomware Attack

Illustration for article titled Toy Maker Mattel Admits to Suffering a Ransomware Attack

Photo: Chris Jackson / Staff (Getty Images)

Mattel, the maker of Barbie, Fisher-Price, and Hot Wheels toys, admitted that it suffered a ransomware attack on June 28, 2020. According to a 10-Q form filed with the Securities and Exchange Commission (SEC), the company said the attack “caused data on a number of systems to be encrypted.”

“Promptly upon detection of the attack, Mattel began enacting its response protocols and taking a series of measures to stop the attack and restore impacted systems. Mattel contained the attack and, although some business functions were temporarily impacted, Mattel restored its operations,” the company wrote.

The report is interesting precisely because the attack didn’t actually damage the company. Given that one single variant of the NetWalker ransomware nabbed $25 million from victims this year while another infection effectively killed a patient in a German hospital, the fact that Mattel

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