(Times of Israel) David Shamah - Online retail giant Amazon was set to buy Israeli semiconductor development firm Annapurna Labs for $350-400 million, industry sources reported Thursday. Annapurna works on communications and processing systems for data centers. Amazon is one of the world's biggest cloud service providers. "Like other cloud platform providers, Amazon has a large number of data centers, and is constantly looking for faster and more efficient ways to enable their customers to use their services," a source said. On Wednesday, document storage firm Dropbox announced that it was buying Israel-based CloudOn, which allows users to edit Microsoft Office documents from mobile devices. Sources said the deal was worth about $100 million.
2015-01-23 00:00:00Full ArticleBACK Visit the Daily Alert Archive