Software is a €910 billion catalyst for the EU economy, says new report

Europe’s software industry brings a total value-added GDP of €910 billion to the EU’s economy, whether direct, indirect, or induced, according to a report from BSA, The Software Alliance. The report – conducted by The Economic Intelligence Unit (EIU) – lays out the case for further stimulating software development in Europe as “a catalyst for […]

Cisco buys London-based collaboration software firm Acano for $700 million in cash

Cisco will acquire Acano, a privately-held company based in London that provides collaboration infrastructure and conferencing software, for $700 million in cash and assumed equity awards, plus additional retention-based incentives for Acano employees who join the American IT giant. Acano’s hardware and software includes gateways, and video and audio bridging technology that allows customers to […]