24.05.2009
23.05.2009
Progress Software Corp., a Bedford maker of software to manage business processes, said yesterday that it will cut between 140 and 160 jobs, or 7 to 9 percent of the workforce, as part of a plan to shift more work to India over the next 18 months.
Bedford software maker slashing jobs
Progress Software Corp. , a Bedford maker of software to manage business processes, said yesterday that it will cut between 140 and 160 jobs.Bedford software maker slashing jobs
Progress Software to take Q3 charges
Progress Software currently expects to incur a pre-tax charge in the range of approximately $11M to $16M during its 2010 Q3 as a result of these headcount reductions and office consolidations.
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NetApp to Purchase Storage Vrtualization Vendor BycastNetApp is planning to acquire Bycast, a storage virtualization vendor, in an attempt to improve its object-based storage capabilities.
Network World — NetApp (NTAP) is planning to acquire Bycast, a storage virtualization vendor, in an attempt to improve its object-based storage capabilities "Object-based storage is a new and emerging approach to storing and accessing data based on object names and rich metadata that describes the content in greater detail, which simplifies the task of large-scale object storage while improving the ability to quickly search and locate data objects," NetApp said in an announcement of the acquisition Wednesday.
Tech M&A deals of 2010Bycast's software is "designed to manage petabyte-scale, globally distributed repositories of images, video, and records for enterprises and service providers," NetApp said.
