VARINDIA IT MAGAZINE

The Board of Directors of Cognizant has announced the appointment of Francisco D'Souza as Vice-Chairman of the Board, in addition to his current role as CEO. "Cognizant has become one of the world's leading technology services companies based on a unique 'client-first' culture. The company's leadership team has been at the vanguard of the shifts in technology, and the company has invested significantly in digital over the past several years to achieve a differentiated market position," said John Klein, Chairman of the Cognizant Board of Directors. "As we look at the vast market opportunities to help our clients apply digital technologies such as artificial intelligence, IoT, cloud and blockchain at scale, we are confident that we have the market position and the executive team to further extend Cognizant's leadership." Read More

Atos has made a formal proposal to acquire Gemalto by way of a public offer for all of Gemalto issued and outstanding shares. Atos invited Gemalto’s Board of Directors to engage discussions and review collaboratively this potential transaction. On November 28, 2017, Atos has delivered an offer to the Board of Directors of Gemalto which is friendly, compelling, and which addresses the interests of all stakeholders. Since then, Atos has reiterated its friendly intentions. Considering increased risk that could impact Gemalto’s shares, and for the purposes of market information, the Atos’ Board of Directors has decided to make its proposal public while affirming its willingness to engage into discussions with the objective to come to a transaction recommended by the Gemalto’s Board of Directors. Key terms of the Atos proposal – * Intended all-cash offer of €46.0 per Gemalto share (cum dividend), representing a total consideration of approximately €4.3 billion. *...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Broadcom Corporation has announced the appointment of Robert Finocchio, Jr. to its Board of Directors. Finocchio also was appointed to Broadcom's Audit Committee. In addition to becoming a member of Broadcom's board of directors, Finocchio also serves on the board of Echelon Corporation. He has held senior roles at a range of industry-leading companies including chairman, chief executive officer and president of Informix Corporation and president of 3Com Systems. He is also the chairman of the board of trustees at Santa Clara University and Dean's Executive Professor at the university's Leavey School of Business. Scott McGregor, President & CEO, Broadcom said, "Bob's leadership, operational experience and industry knowledge in the network infrastructure markets makes him a strong addition to our board.” For More Details See www.varindia.com