Sometimes a mud-covered object is a gem. Often, though, it’s just quartz. That’s the issue facing Cisco Systems after it announced on Thursday a $28 billion acquisition of big data and cybersecurity outfit Splunk. The all-cash deal banks on Cisco drumming up growth – and the $215 billion networking giant assumes the risk for executing it. The company run by Chuck Robbins is looking to diversify away from its original business: selling hardware like routers and switches that connect computers and communication networks. Splunk in theory has enough to offer. Its software helps people monitor and search large pools of data.

Goldman Sachs knows an IPO ally when it sees one. The investment bank that consistently tops the equity capital markets rankings has enlisted trading platform Robinhood Markets to help it sell shares of Clear Secure in the initial public offering set for this week. The bank run by David Solomon, along with fellow underwriters JPMorgan, Allen & Company and Wells Fargo, will give as much as 1% of the $455 million deal to Robinhood, which will then offload shares to retail investors through its trading unit. Though Robinhood is only allocated a sliver of the biometric security firm, which is

On April 12, 2021, Refinitiv Lipper unveiled the results of the Refinitiv Lipper Fund Awards for Austria in conjunction with our long-term media partner Geld Magazin. Unlike previous years, physical in-person events won’t be held globally due to Covid-19 pandemic restrictions. Since 2020 was a challenging year for the global fund industry, the Refinitiv Lipper Fund Awards will get a lot of attention from the asset management industry and all kinds of investors, as these awards showcase the ability of a fund to deliver high risk-adjusted returns. Different methodologies lead to different results Contrary to what a number of market

It’s not every day a trillion-dollar company rings the doorbell. Home- and business-security group ADT reaped the benefit on Monday. The news that the company had agreed to sell a 6.6% stake to Alphabet unit Google for $450 million pushed up its market capitalization by nearly $4 billion, or just shy of 60%. That’s a big response to an initial deal to fold Google Nest thermostats and other devices into its security lineup.ADT boss Jim DeVries does not pretend his company can do the kind of things the technology giant can do when it comes to hardware or the artificial