ORBCOMM being acquired by private equity firm in $1.1B deal

ORBCOMM being acquired by private equity firm in $1.1B deal

ORBCOMM Inc., a global provider of Internet of Things solutions, today announced that it has entered into a definitive agreement to be acquired by GI Partners, a leading US-based investor in data infrastructure businesses, in an all-cash transaction that values...
BlackRock leads $640 mln funding in tech firm Trax

BlackRock leads $640 mln funding in tech firm Trax

Image recognition technology provider Trax said on Wednesday it had raised $640 million in new capital in a funding round led by SoftBank Group Corp’s Vision Fund 2 and BlackRock Inc. The funding round, the biggest in Trax’s history, also drew new investors such as...