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Major merge – US computer security firm’s $8 billion purchase

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US computer security firm Norton has purchased Avast for over $8 billion

Norton’s Chief Executive says the move is a “huge step forward for consumer cyber safety”.

NORTON

The deal secures a leading cyber consumer business and is expected to create a new entity with over 500 million users.

Avast is based in Prague and its offices will be retained. Meanwhile, Norton will retain its offices in Arizona.

The two companies said in the joint press release that their respective boards of directors see an opportunity to “create a new, industry-leading consumer Cyber Safety business, leveraging the established brands, technology and innovation of both groups to deliver substantial benefits to consumers, shareholders, and other stakeholders.”

The two companies said the deal will bring together product lines that are broadly complementary, while giving the combined company a user base of over half a billion customers.

“The deal will broaden the geographic market coverage of the combined company. In addition, the two expect to realise “$280 million of annual gross cost synergies.”

AVAST

NortonLifeLock CEO Vincent Pilette called the deal “a huge step forward for consumer Cyber Safety” that he said “will ultimately enable us to achieve our vision to protect and empower people to live their digital lives safely.”

 “With this combination, we can strengthen our Cyber Safety platform and make it available to more than 500 million users. We will also have the ability to further accelerate innovation to transform Cyber Safety.”

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Tech

Virgin Media outage leaves UK viewers in the dark

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A major outage has left Virgin Media customers across the UK unable to use their television services

Virgin Media has confirmed a mass outage has left UK viewers unable to watch their television services, following a nationwide error.

The company confirmed the outage lasted around ten hours, which was understood to be triggered by a network power failure.

The issue began at about 10:30 GMT prompting thousands of viewers to report problems.

The firm told customers its engineers were trying to fix the problem, which hit cities across the UK, including London, Birmingham and Manchester.

Virgin issues apology for outage

Virgin Media apologised, and said it would fix it “as soon as possible”.

The issue had been caused by “a major power outage”, the firm said.

The website Downdetector which tracks outages received more than 18,000 reports of problems at one point.

Many users tweeted their annoyance at the loss of service, and the way in which Virgin Media communicated: “Can you update please? No TV. Your status page down. No info on phone lines,” wrote one customer.

The company said it had identified the fault and its engineers were working “flat-out” to fix the issue.

At 13:45 GMT Virgin Media stated: “We have now restored several channels with customers able to watch BBC One, BBC Two, ITV, ITV+1 and Channel 4. TV360 customers are also able to access apps on their box,” the firm wrote.

Customers however have taken to social media, slamming the company for the duration of the error – calling for refunds.

Virgin Media responded to those requests, advising customers to fill out an online compensation form.

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Tech

Meta to launch Uber ride-booking via WhatsApp in India

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One of the world’s biggest ride sharing services is partnering up with it the parent company of Facebook to change the way we book our journey

Ride-sharing giant Uber wants to make booking a ride in India as easy as sending a message via WhatsApp.

The US-based company has partnered up with Meta, the recently rebranded parent company of Facebook, to launch a ride booking feature in its WhatsApp service within India.

The integration is set to become the first of its kind for the ride-hailing giant and will allow people to book an Uber ride without having to download the official Uber app.

Everything from user registration and ride-booking to getting a trip receipt will be managed within the WhatsApp chat interface.

The service is being rolled out first in the northern city of Lucknow, and will be expanded to other Indian cities soon according an official statement.

“We want to make it as easy as possible for all Indians to take an Uber trip, and to do that we need to meet them on platforms they are comfortable with,”

said Nandini Maheshwari, senior director of business development for Uber APAC, in the statement.

India is the biggest market for WhatsApp with nearly half a billion users.

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Crypto

Is Twitter Changing its Name?

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Just days after Jack Dorsey resigned for the second time as CEO of Twitter, his other company, Square, is getting a name change

The parent company of Cash App and Tidal will now go under the new corporate name of “Block”.

Other individual businesses owned by Block, referred to by the company as “building blocks”, will keep their original names except for the company’s Square Crypto initiative.

Square Crypto, whilst keeping it’s ticker name of SQ on the stock exchange, will be renamed as Spiral.

These name changes follow Dorsey’s well known interest in cryptocurrency, with the business having $220 million in bitcoin in its treasury according to the Wall Street Journal.

This contributes to Dorsey, who Forbes estimates to be worth $10.8 billion, as being one of the most influential cryptocurrency advocates worldwide.

Square’s name change comes just over a month after Mark Zuckerberg rebranded Facebook group to Meta.

Square’s business involves payment systems such as banking products for retailers as well as those small square card readers you see at some vendors.

The company’s name change is therefore is simply the introduction of a new corporate name to “tie” the company’s building blocks together.

There will be no organisational change as a result of the name change which is expected to go legally into effect around December 10th..

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