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Remote work and schooling is making tech and tech brands popular with investors. The Sterling deal will speed up iLife’s moves into new categories.
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Dubai: The Sterling Group, the private equity firm, has acquired Dubai-based iLife Digital Technology, a PC brand, for an undisclosed amount. The investment will be used to speed up iLife Digital’s growth plans as well as increase its market share. Other geographies too might be added.

“Coronavirus has created PC sales spike – globally,” said Anees Mian, co-founder of iLife Digital Technology. “With accelerated spread of Covid-19 there has been a surge in consumers buying devices in order to work-from-home – partnering with Sterling Group was a strategic move.” 

Pick up COVID-19 generated growth

For Sterling, it meant an exposure in a “lucrative sector buoyed by positive developments”. Headquartered in Dubai, iLife has had a pan-India presence for around three years. It plans

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ZeroFOX has acquired LookingGlass Cyber Solutions’ Cyveillance threat intelligence business. 

Announced on Tuesday, the deal is designed to merge the ZeroFOX Digital Risk Protection Platform and Cyveillance’s threat intelligence data trove and dark web intelligence capabilities. 

ZeroFOX says that snapping up the business, previously a subsidiary of LookingGlass, is a strategic move to push the company up the enterprise threat intelligence and protection roster on a global scale.

See also: Leaders of ‘notorious’ Team Xecuter game piracy, homebrew group arrested

Financial details were not disclosed. 

Founded in 1997 and headquartered in Reston, Virginia, Cyveillance was previously acquired by LookingGlass in 2015. 

The company provides clients with online data source analysis and monitoring, including a digital risk protection service, a “data lake” repository containing over two decades’ worth of threat intelligence, open source security projects, as well as investigation and forensics offerings.

“Our merger with the Cyveillance team fulfills our strategic

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Tesla Acquires Automation Company

October 6, 2020 | technology | No Comments

According to The European and other reports, Tesla has acquired a German branch of Canada-based automation company, ATS Automation Tooling Systems. The branch Tesla is said to have acquired is known as ATW, which is described by ATS on their website.

“ATW, a member of ATS Mobility, Nuclear, and Specialty Automation, based in Neuwied/Germany, has extensive experience overcoming the challenges that battery module and pack assembly and test for electric mobility can present. Having partnered with nearly every major automobile manufacturer internationally, ATW has completed more than 20 battery production lines. With this portfolio of projects, ATW customers have come to expect short lead times and project flexibility that is crucial to remain competitive in the dynamic electric mobility industry. ATW is a trusted name in automation to the world’s leading OEMs and tier 1 suppliers responsible for building the critical components that bring vehicles to life.”

ATW has worked

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ECI Software Solutions, a leader in cloud-based business management solutions, today announced that it has acquired BOLT Software, a cloud-based construction business management solution. BOLT will become part of ECI’s Residential Home Construction Group, joining MarkSystems (ECI’s flagship ERP for residential home builders); Lasso CRM (ECI’s CRM solution built specifically for the homebuilding industry, including lead management, automated sales processes, email marketing and reporting capabilities); LotVue (ECI’s cloud-based lot inventory management system); and BuildTools (ECI’s cloud-based project management system for custom homebuilding and remodeling).

Built by the trades for the trades, BOLT is a SaaS solution that simplifies project management, scheduling and estimating for new home construction subcontractors. BOLT will complement MarkSystems’ Internet Toolkit (ITK) functionality. Where ITK helps builders communicate key details with their subcontractors, BOLT will help those subcontractors truly manage their teams: from rescheduling due to unforeseen delays to scheduling out multiple crews simultaneously.

To help accelerate

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In a move to expand its business into the logistics and delivery segment, ride-hailing startup Via today announced that it acquired Fleetonomy for an undisclosed sum. Via, which says it plans to apply Fleetonomy’s expertise in demand prediction and fleet utilization to support fully integrated, digitally powered logistics solutions, says the pandemic has highlighted the growing need for essential services and goods delivery.

Tel Aviv-based Fleetonomy, which was founded in 2017 by CEO Israel Duanis and CTO Lior Gerenstein, taps AI to analyze data and deliver insights with the goal of maximizing inventory and promoting proactive maintenance. The company provides white label ride-sharing and on-demand car subscription services that can accommodate semiautonomous and autonomous fleets. With Fleetonomy’s cloud-based suite of tools, managers can simulate services before deploying cars on the road, adjusting for factors such as fleet size, parking, charging locations, demand, and more.

“As we continue to build the

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