private equity

 

Field Solutions Gets Investor Backing

Tech services outsourcing provider Field Solutions has gotten more than $1 million in investor funding to grow its line of services and customer base.

Motorola to Sell STB Unit, Break Up?

Motorola Inc. reportedly has several potential suitors lined up for its set-top box division, including private equity firms and cable hardware company Arris. This is the latest break-up rumor to launch re: Moto, ratcheting up a feeling that the company would be better off spinning off a unit or two, or breaking into two or […]

Siemens Enterprise Finds a Purpose: Taking on Cisco

Private equity firm Gores Group LLC on Tuesday took a 51 percent stake in Siemens AG-owned Siemens Enterprise (SEN), effectively creating a joint venture. And it’s a joint venture with the big goal of taking on market leader Cisco Systems Inc. as a dominant player in the voice-data enterprise IT game. Operating under the Siemens […]

Covad Goes Private

An ongoing lack of profitability and problems provisioning its hosted VoIP services are two likely reasons Covad Communications Group has agreed to be bought by Platinum Equity, a private equity firm, analysts say. The companies said on Oct. 29, Platinum Equity will pay $1.02 per share, or approximately $304 million in cash, for Covad; the […]

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