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From spinning off its infrastructure business to making high-profile acquisitions, the industry giant is on a journey to reinvent itself IBM has been a fixture of the computing industry almost since its inception, defining various eras with products such as the Model 5150 or Watson, the AI-powered suite of business services. One of the secrets to its longevity has been a powerful ability to reinvent itself when market shifts threaten the viability of its business model. As a result, the company is just as relevant today as it was when founded in 1911.  While we may not readily associate IBM...

Global cloud infrastructure market grows on continued digital transformation Updated: Updated: May 08, 2021 11:15 IST Amazon Web Services, Microsoft Azure, and Google Cloud retained the top three spots and accounted for 58% of total spending in the March ending quarter. Share Article AAA Market leader, AWS, grew 32% on an annual basis, taking 32% of the cloud infrastructure services spending in the first quarter of 2021.   | Photo Credit: Reuters Amazon Web Services, Microsoft Azure, and Google Cloud retained the top three spots and accounted for 58% of total spending in the March ending qua...

Cloud Software Provider Bill.com to Acquire Expense Management Fintech Divvy in $2.5B Deal May 7, 2021 @ 9:54 pm By Omar Faridi Bill.com, an established provider of Cloud-enabled software that aims to simplify, digitize, and automate routine back-office financial operations for SMEs, has reportedly entered into a definitive agreement to acquire expensive management Fintech Divvy. The acquisition deal will involve a stock and cash transaction of around $2.5 billion. Divvy’s services focus on spend management that aims to streamline finance for business by using innovative expense management...

Operator Good afternoon, and welcome to Bill.com's Third Quarter of Fiscal 2021 Earnings Conference Call. Joining us today for today's call are Bill.com's CEO, Rene Lacerte; CFO, John Rettig; and VP of Investor Relations, Karen Sansot. [Operator Instructions] Please be advised that today's conference is being recorded. With that, I would like to turn the call over to Karen Sansot for introductory remarks. Karen? Karen Sansot -- Vice President, Investor Relations Thank you, operator. Welcome to Bill.com's Fiscal Third Quarter 2021 Earnings Conference Call. We issued our earnings press release...

SHARE Corporate finance software provider Bill.com LLC has signed a $2.5 billion deal to acquire DivvyPay Inc., better known as Divvy, whose cloud service enables companies to issue business credit cards to their employees. Publicly traded Bill.com said on Thursday that it’s financing the transaction with $625 million in cash and $1.875 billion worth of common stock. In a shareholder presentation, the company explained that it expects Divvy to provide a return on the investment by more than doubling its U.S. addressable market. Bill.com sees opportunities for even further growth in the futu...