NEWS
Nokia to acquire Infinera to increase scale in Optical Networks and accelerate roduct roadmap
Nokia and Infinera have announced a definitive agreement under which Nokia will acquire Infinera in a transaction valuing the company at $ 6.65 per share or an enterprise value of US $ 2.3 billion .
The acquisition has been unanimously approved by the Board of Directors of both Nokia and Infinera and is targeted to close during the first half of 2025 – subject to approval . inter-data center applications and now inside the data center . This combination will further leverage our vertically integrated optical semiconductor technologies . Furthermore , our stakeholders will have the opportunity to participate in the upside of a global leader in optical networking solutions .
Nokia and Infinera see a significant opportunity in merging to improve scale and profitability , enabling the combined business to accelerate the development of new products and solutions and increase exposure to webscale customers – the fastest growing segment of the market .
Pekka Lundmark , President and CEO , Nokia , said : “ We believe now is the right time to take a compelling inorganic step to further expand Nokia ’ s scale in optical networks . The combined businesses have a strong strategic fit given their highly complementary customer , geographic and technology profiles .”
David Heard , CEO , Infinera , said : “ Together we will have greater scale and deeper resources to set the pace of innovation and address rapidly changing customer needs at a time when optics are more important than ever – across telecom networks ,
Diligent announces Diligent AI to empower Governance , Risk and Compliance professionals to better manage and respond to risk
Diligent has launched Diligent AI , a powerful set of artificial intelligence capabilities within the Diligent One Platform that enhance how organisations understand , anticipate and mitigate risks .
Diligent AI is pitched as enabling users to identify risks , safeguard data and democratise the decision-making processes , driving resilience and empowering organisations with certainty and clarity .
“ Company leaders face a dynamic and evolving risk environment . It ’ s imperative to turn data into strategic intelligence to anticipate and prevent risks , rather than just respond to them ,” said Brian Stafford , President and CEO , Diligent . across the organisation , using risk as a shared language .
Leaders can expand resources and achieve greater results through integrated automation , enhance stakeholder communication by tailoring information to board members , CFOs , CROs and other executives – and enhance decision making by breaking down information silos across governance , risk and compliance ( GRC ) functions .
“ Diligent ’ s AI-enhanced platform is uniquely positioned to connect all aspects of governance , risk and compliance , delivering customised insights to elevate governance and clarify risk .”
Diligent AI is said to helps leaders amplify critical insights while working together
Additional capabilities will be added to Diligent AI over the coming months that empower GRC professionals to better mitigate risks , stay on top of changing regulatory requirements and help corporate directors govern more effectively amidst escalating risks and information overload .
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