COMKEX Canada

Keysight Technologies Acquires Quantum Benchmark

SANTA ROSA, Calif.--(BUSINESS WIRE)--Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, announced today it has acquired Quantum Benchmark, a leader in error diagnostics, error suppression and performance validation software for quantum computing. Based in Kitchener, Ontario, Canada, Quantum Benchmark was a privately held company backed by venture funds VanEdge Capital and Quantonation. Quantum Benchmark provides software solutions for improving and validating quantum computing hardware capabilities by identifying and overcoming the unique error challenges required for high-impact quantum computing. "Joining forces with Keysight is a strategic and timely opportunity to accelerate the development and delivery...

Eaton acquires Tripp Lite for $1.65B to expand edge computing business

Power management company Eaton says its edge computing and distributed IT product portfolio is getting a boost after agreeing to acquire Tripp Lite, a supplier of power quality items like surge protectors and data centre enclosures.It’s also willing to pay $1.65 billion for the enhanced portfolio. The acquisition, which is subject to customary closing conditions, is expected to close in mid-2021.“The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business,” said Uday Yadav, president and chief operating officer, Electrical Sector, Eaton, in a Jan. 29 news release. “We look forward to welcoming Tripp Lite to the Eaton family.”Author: Alex Coop http://www.itwc.caEditorial director for IT World Canada and its sister publications, and former...

Vertex Acquires Edge Computing Company Tellutax to Extend

KING OF PRUSSIA, Pa., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a leading provider of tax technology and services, announced that it has acquired Tellutax, a Portland-based edge computing technology startup. Financial terms of the transaction were not disclosed. Tellutax designs edge-based technology utilizing a container architecture, which enables customers to deliver tax solutions seamlessly at the point of need with increased scalability and simplified management. “We believe Tellutax edge technology will extend our leadership in the enterprise market and accelerate our ecosystem expansion into next generation payment and IoT platforms,” said Vertex president and CEO David DeStefano. “This acquisition furthers our technology roadmap and hybrid cloud strategy, enabling us to...

Tags: acquires

Keysight Technologies Acquires Quantum Benchmark

Eaton acquires Tripp Lite for $1.65B to expand edge computing business

Vertex Acquires Edge Computing Company Tellutax to Extend