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2014 | 2013
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Cloud service provider plays developer card

CLOUD hosting services provider CenturyLink Technology Solutions is playing the developer card in a bid to increase market share. Formerly a hosting and colocation firm known as Savvis, it has changed its name to its parent's in January, having been acquired for US$2.5 billion by US telecoms firm CenturyLink in 2011.David Rosengrave, head of business development and product strategy for ...MORE

Local software start-up wins $8.4m in funding

Singapore start-up Nitrous.IO has just won a hefty US$6.65 million (S$8.4 million) Series A funding round. The company produces a software development platform that is intended to automate portions of programmers' jobs, in order to save them time and effort. It launched a public beta of its service last June, working off a US$1 million seed funding round which it won in August 2012. Bessemer ...MORE

Tech Mahindra looks to grow in Asia-Pacific

INDIAN IT firm Tech Mahindra, which beat market expectations in its recently announced third-quarter (ended Dec 31, 2013) results, is looking towards the Asia-Pacific region to accelerate growth. Speaking to BizIT, Tech Mahindra's Rohit Gandhi said the company's run rate for the current fiscal year was US$3 billion and it hoped to increase it to US$5 billion by fiscal 2015. Mr Gandhi, who is Tech ...MORE

STATS ChipPAC unveils cost-saving mfg process

SEMICONDUCTOR packaging and testing services company STATS ChipPAC yesterday unveiled a new manufacturing process which it hopes will reduce costs by 15 to 30 per cent for some of its customers.The new process, called FlexLine, delivers an unmatched level of flexibility and cost savings for wafer level packaging (WLP).WLP is a technique that involves packaging an integrated circuit (IC) while ...MORE

ST Engg posts $580.8m full-year profit

SINGAPORE Technologies Engineering chalked up a net profit of $580.83 million for the 12 months ended Dec 31, 2013, marginally higher than the $576.18 million earned in the previous financial year. Revenue inched up 4 per cent to $6.63 billion, lifted partly by stronger contributions from the marine business while revenues for the other sectors were mostly comparable to FY2012. The aerospace ...MORE

Next generation: Internet of Things

IMAGINE if the cloud was aware that you were coming back home, as your positioning and every movement are tracked with your smartphone. The smartphone would communicate with the software to turn on the air conditioning by the time you get home, or turn on the lights automatically as you step into the house. Based on the May 2013 McKinsey Global Institute report, "Advances that will transform ...MORE

IR opens wafer finishing facility

POWER management technology company International Rectifier (IR) opened a new wafer processing facility here yesterday. The facility, IR's first manufacturing site in Asia, will initially add 135 jobs in manufacturing and research and development (R&D) to the electronics industry. The company declined to reveal the size of the investment. IR produces semiconductors such as integrated circuits or ...MORE

Kulicke & Soffa expands capacity

SINGAPORE will be home to the latest technology in advanced packaging production, which Kulicke & Soffa (K&S) has identified as the next wave of growth in the semiconductor industry. Based in Singapore since 2010, the semiconductor assembly equipment designer and manufacturer opened its new corporate headquarters yesterday. The building, double in manufacturing capacity compared to the previous ...MORE

DBS to harness latest technology in lab tie-up with A*Star unit

DBS Bank and A*Star's Institute for Infocomm Research (I²R) will be setting up a joint lab to find innovative ways to engage customers and shape the future of banking through the use of new technologies in banking and finance. The joint lab, a collaborative workspace for research and experimentation, will be located within I²R's premises at Fusionopolis in Buona Vista. This makes DBS the first ...MORE

Serial System sets ambitious $1.3b revenue target

LOCAL electronic component distributor Serial System yesterday laid out ambitious plans as it strives to notch up US$1 billion (S$1.3 billion) in revenue this financial year. The firm's portfolio will be expanded to include higher-value components aimed at growth industries such as automotive, mobile phones and cloud computing. New markets including the US and Europe are on its radar, and Serial ...MORE

NTU rolls out $7m high-speed digital effects lab

IT CAN take days to render and process just one second of visual effects in a film. But a new research lab at the Nanyang Technological University (NTU) can get the work done in a minute or less, in what is expected to result in huge cuts in the cost of making films, animation and games. Called the Future Studios Research ...MORE

Keppel T&T full-year profit up 13.9% at $63.2m

HIGHER revenue and other income pushed full-year profit for Keppel Telecommunications & Transportation (Keppel T&T) 13.9 per cent higher to $63.2 million. For the year ended Dec 31, 2013, revenue stood at $161.7 million, up 17.6 per cent as both the data centre and logistics divisions pulled in higher revenue. Last year, revenue for the logistics segment grew 14.4 per cent to $110.8 million, ...MORE

HCL gears up for Gen 2.0 outsourcing

[NEW DELHI] HCL Technologies, India's fourth biggest IT services company with a run rate of US$5 billion in annual revenues, is looking to differentiate itself from its peers by transforming itself into a Gen 2.0 outsourcing services provider. One of HCL's marquee customers is the Singapore Exchange (SGX), with which it signed a major outsourcing deal worth S$110 million in 2010. Speaking to ...MORE

Pacnet opens 2nd data centre here

SINGAPORE'S clout in the fast-growing big data industry took another leap when Pacnet opened a US$90 million (S$114 million) data centre in Paya Lebar yesterday, its second such facility here. Pacnet, a leading network and technology solutions firm, said the 155,000 sq ft facility meets security requirements laid ...MORE

ST Engg's electronics unit clinches $593m of contracts in Q4

SINGAPORE Technologies Engineering's electronics arm, ST Electronics, secured about $593 million worth of contracts in the fourth quarter of last year. Of this, $353 million comes under advanced electronics and information communications technologies (ICT) solutions. The awards relate to integrated security management systems, systems integration, operational and maintenance support and services, ...MORE
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