Cisco snaps up London firm IMI Mobile in $730m deal December 7, 2020 US tech giant Cisco has agreed to buy London-based software company IMI Mobile in a $730m deal. IMI Mobile provides software and services for enterprise and its customers include BT, Hermes and O2. The tech firm will pay 595 pence per share in exchange for each IMI Mobile share, assuming fully diluted shares, net of [...]
Tech body calls on government to commit to digital levelling up December 7, 2020 A leading industry body has called on the government to commit to a digital levelling up after the pandemic highlighted stark regional differences. Tech UK, a trade association for the industry, has today launched a report into how to strengthen the UK’s “Local Digital Capital”. Scrutiny on tech and the availability of it has come [...]
‘Zoom anxiety’ infects the nation during the pandemic December 3, 2020 Most of the population has experienced ‘Zoom anxiety’ since March, when working moved online and Zoom became a widely used tool to connect colleagues and friends. Home workers worried about everything from their looks and their Zoom background to having a technical problem and being unable to fix them. Following an 80% increase Google searches [...]
Hackers target vaccine supply chain in suspected state-led cyber attack December 3, 2020 The international Covid vaccine supply chain has been targeted by a suspected state-led cyber attack, according to IBM. An alert issued by the US government showed IBM tracked a campaign aimed at the delivery “cold chain” used to keep vaccines at the correct temperature during transit. Hackers targeted a range of organisations including within the [...]
Monzo secures additional £60m in funding December 2, 2020 Digital bank Monzo has topped up its earlier fundraising round with an additional £60m in funding, bringing its total raised this year to £125m. The challenger bank had previously closed a £65m top-up in June at a reduced valuation of £1.2bn, down from £2bn. The latest funding, first reported by TechCrunch, is effectively a top-up [...]
Revolut offers UK customers the opportunity to be paid a day early December 2, 2020 Revolut is now offering its customers the opportunity to be paid a day early in a move that will prove popular as people struggle with pandemic uncertainty. Revolut customers that receive a salary payment via Bacs credit – which the majority of the population does – will be able to access their salary a day [...]
Challenger lender Koto launches in the UK for left-behind consumers December 2, 2020 A challenger lender focused on providing credit to freelancers and self-employed has today launched in the UK following an investment round. Koto, authorised by the Financial Conduct Authority, has closed a £1.3m funding round which it says it will use to expand and acquire its first 50,000 users. Kotto hopes to cater to “near prime” [...]
Salesforce buys workplace messaging app Slack in $28bn deal December 1, 2020 Salesforce has agreed to buy workplace messaging app Slack in a deal worth $27.7bn, the company confirmed tonight. The mixed stock and share agreement will see Slack shareholders receive $26.79 in cash and 0.0776 shares of Salesforce stock for each Slack share. Salesforce said the deal, which is set to complete in the second quarter [...]
Bytes Group looks to raise £455m in London stock market float December 1, 2020 Software firm Bytes Group is aiming to raise as much as £455m from its initial public offering as it cashes in on the rise in home working. The Surrey-based company today said it will sell up to 172m new shares at a target price range of between 240p and 290p per share, giving it maximum [...]
Airbnb targets $35bn valuation in blockbuster float December 1, 2020 Airbnb is targeting a $35bn (£26bn) valuation in what is set to be one of the final blockbuster stock market listings this year. In a filing today the holiday rental firm said it will look to raise up to $2.6bn from its initial public offering on the Nasdaq exchange, which is set to take place [...]