TechTaffy

tech:

taffy

Dassault To Acquire Gemcom Software For $360M

By TechTaffy Desk

[Techtaffy Newsdesk]

3D experience company Dassault Systèmes has entered into a  definitive agreement whereby it will acquire geological modeling and simulation company Gemcom Software for approximately $360 million, in an all cash transaction. Gemcom is privately-held, and headquartered in Vancouver.

The completion of the acquisition is subject to normal closing conditions, including regulatory approvals. The transaction is expected to be completed in July 2012.

After the closing of the transaction, Gemcom’s 360 employees and management will remain in place and continue serving the mining industry. Gemcom’s current offices will further extend the overall geographic reach of Dassault Systèmes in Australia, Africa, Canada, South America, Kazakhstan, Mongolia, Indonesia, and Russia.

 

Just in

Around the web

How Elon Musk’s X became the global right’s supercharged front page — The Guardian

Every week, the platform seems to supercharge a news issue that comes to dominate conservative discourse – and often mainstream discourse, as well – with real political repercussions; writes J Oliver Conroy.
Around the web

Court strikes down US net neutrality rules — BBC

A US court has rejected the Biden administration's bid to restore "net neutrality" rules, finding that the federal government does not have the authority to regulate internet providers like utilities; writes Natalie Sherman. 
Around the web

Meta scrambles to delete its own AI accounts after backlash intensifies — CNN

Meta promptly deleted several of its own AI-generated accounts after human users began engaging with them and posting about the bots’ sloppy imagery and tendency to go off the rails and even lie in chats with humans; writes Allison Morrow. 
Around the web

Apple agrees to $95 million settlement in Siri eavesdropping lawsuit — Gizmodo

Apple has agreed to pay $95 million to settle a long-running class action lawsuit that accused the company of illegally intercepting customers’ conversations through its Siri virtual assistant, writes Todd Feathers. 
Around the web

The US Treasury Department was hacked — The Verge

The threat actor stole a key used by BeyondTrust “to secure a cloud-based service used to remotely provide technical support for Treasury Departmental Offices (DO) end users, writes Emma Roth.