Cisco Systems Inc. is offering some of its employees an early retirement scheme in order to reduce its budget and reinvigorate the company, a report has revealed. According to Cisco CEO John Chambers, the company has seen its sales slow due to governmental budgetary concerns.
Private Equity Firms Summit Partners and TA Associates, both from Boston, have committed to buy majority of GMT Communication’s stake in a German gaming company, Bigpoint at $350 million which is the 2nd largest investment in an online gaming operation.
Software giant Microsoft has decided to increase the price of its certification programs for partners worldwide. In a post on its website, the company said that the price hike will be effective from July 1 2011 for countries that fall under the certification program but in India, the price hike will be in-effect from August 1 2011.
Chinese hackers have stolen $11 million from US based small and medium sized companies in the past one year, it has been revealed. According to a highly detailed report released by the US Federal Bureau of Investigation, Chinese stole banking credentials and other financial information from SMBs and wired the stolen money to China based economic and trade companies.
GageIn, a newly launched cloud based tool, combines social media and digital news to allow businesses to keep a track on the web chatter about their services and products. Although there are many other products that offer the same basic functionality, GageIn claims to be different as it turns social media and news media outside-in, the company said.