Net revenue for the first fiscal quarter of 2015 increased 40% year-over-year to $25.9 million.
This second round of funding, led by TPG Growth, brings the company's total funding to $230 million and post funding valuation to $1.2 billion.
A $150 million investment led by TPG Growth will bring Infinidat's total funding to $230 million, and the company's post-funding valuation to $1.2 billion.
The acquisition is valued at about $3.5?billion, with Riverbed stockholders receiving $21 per share in cash.?
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
Net profit attributable to shareholders of the listed company increased to RMB 883 million (US$142 million) in the first three months.
The company, which is under threat of suspension by the JSE, will delist from the bourse on 12?May.
The group generated cash of R199 million from operations, converting almost 200% of its profit to cash.?
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
Datacentrix buys 100% of?Infrasol and Merqu Communications as one indivisible transaction.?
Getting decoders into the hands of the poor could cost as much as R9?billion - or more than three times the amount government initially budgeted.
The technology group's telecoms and multimedia divisions drag earnings down, despite strong performance of its IT businesses.
The stock exchange says the ICT company's listing will be suspended if it does not produce an interim report by the end of the month.?
The study finance provider sees this as an opportunity to aid skills growth in SA.