ARB eyes M&A, collaborations in cloud computing

Source:-https://themalaysianreserve.com ARB Bhd is eyeing a merger and acquisition (M&A) deal this year, leveraging its current strong net cash position, to expand the group’s cloud computing business. The group plans to extend ARB’s footprint in the IT segment by targeting an M&A deal with a higher return on investment, which is expected to increase its shareholders’ value. “I think we are in a good position to expand our business beyond the boundary. Over the last three years, we have solidified

ServiceNow eyes growth

Source: telanganatoday.com/ Hyderabad: US-based IT company, ServiceNow, has been using organic and inorganic means to scale up its operations globally. The company has made 12 acquisitions in the last six years and continues to explore opportunities to acquire both companies and technologies. Among the latest acquisitions, the company has acquired Appsee In-App Mobile Analytics Platform and R&D Talent on May 13 this year. Appsee, an Israel-based application analytics platform company will enable ServiceNow to further its mobile and web browser strategy