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Intel buys McAfee

Chris N. Fernando
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Chip giant Intel has revealed it will acquire security security mainstay McAfee in a epic deal valued at US$7.68 billion in cash. In terms of the deal, in which Intel will buy all of McAfee's common stock for $48 per share in cash with McAfee operating as a wholly-owned Intel subsidiary and report into Intel's Software and Services Group.

PTH Holdings acquires Axiz

Chris N. Fernando
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In a market move that promises to shake up the IT industry, South African-headquartered Pinnacle Technology Holdings (PTH), a Johannesburg Securities Exchange (JSE) listed IT company, has made an offer to purchase 100% of the shares in Axiz Technology.

Avnet has new EMEA president

Chris N. Fernando
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Following the completion of Avnet’s acquisition of Bell Microproducts (Bell Micro), the IT solutions distributor has named Graeme Watt as the president for its Avnet Technology Solutions business in Europe, Middle East and Africa (EMEA).