Philips to Pay $2.2 bn to Acquire Medical Device Maker Spectranetics

Royal Philips, a Dutch technology giant, announced in June 28, 2017 to purchase Spectranetics, a Colorado-based medical device manufacturer specializing in designing therapeutic devices for vascular interventions. The acquisition, valued at $2.2 billion, is expected to close by the end of Q3 of 2017. The agreement will consolidate Phillip’s position in the area of making […]

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Ransomware Attack Linked to Ukrainian Fintech Firm

The global ransomware attack that crippled corporate entities worldwide on Tuesday, likely originated in MeDoc, a relatively unknown Ukrainian firm, and could indeed have been the work of Ukraine’s political rivals, according to cyber security experts. MeDoc produces accounting software used to process taxes by individuals as well as businesses. A software update released by […]