ANN ARBOR - In the biggest tech exit in Michigan history, networking giant Cisco announced Thursday it will buy Ann Arbor-based Duo Security for $2.35 billion in cash and stock. The deal is expected to close by the end of Cisco's fiscal 2019. Duo is an authentication service that focuses on two-factor authorization, helping to
TROY – HBPO, the auto industry’s largest global supplier of front-end modules, plans to add an assembly plant in Michigan and more than double employment in North America due in part to a growing demand from electric- and autonomous-vehicle manufacturers. In the last three years alone, HBPO has opened four new N.A. assembly plants and
STAMFORD, Conn. - Worldwide PC shipments totaled 62.1 million units in the second quarter of 2018, a 1.4 percent increase from the second quarter of 2017, according to preliminary results by Gartner, Inc. This is the first quarter of year-over-year global PC shipment growth since the first quarter of 2012. All regions experienced some growth
DETROIT - Detroit ranked second in a list of top cities where companies plan to staff up their tech teams. A survey by Robert Half Technology shows 76 percent of Detroit tech hiring managers said they are expanding their teams. Some 83 percent said they are seeing more tech workers moving to Detroit to take
ANN ARBOR - MITechNews will be rolling out a streaming Internet video service later this summer we’re calling MITechNews.TV. It will feature live interviews with newsmakers around the state and country on tech topics and news for entrepreneurs. When the live portion of the show is over, the interviews will be available on demand from
SOUTHFIELD - Power management company Eaton is addressing increasing demand for high-voltage electrified vehicle technologies with the creation of its new eMobility business. With a focus on intelligent power electronics, power systems, and advanced power distribution and circuit protection, eMobility is poised to capitalize on a global vehicle electrification market projected to grow to 15
LANSING - Stryker Corporation, after getting a $2.6 million grant from the Michigan Strategic Fund, will expand capacity of its medical-device products with a $109-million investment at its 79-acre industrial site in Portage. In addition to the 253,000-square-foot expansion in southwest Michigan, the global medical technology manufacturer is expected to add 260 jobs by end
GRAND RAPIDS - As Michigan begins to license medical marijuana businesses, a new association seeks to offer an array of financial services to the industry. The Grand Rapids-based Michigan Cannabis Risk and Financial Association LLC wants to connect medical marijuana growers, processors, testing facilities, distributors and sellers with insurance and other professional services they need for their
ROYAL OAK - The road is full of people whose lives are at risk the second you take your eyes off the road to look at your phone. If you'd never use your phone with someone in the car, you shouldn't do it alone. AT&T’s Teresa Mask explains the IT Can Wait anti-distracted driver campaign
DETROIT — AT&T Inc. announced the appointment of Tom Monahan to oversee business in what it calls the Greater Lakes region, including Michigan, Illinois, Wisconsin and northern Indiana. Tom Monahan. ATT photo. Monahan will manage more than 1,300 employees, 133 AT&T-owned retail locations and more than 267 national distribution outlets and authorized resellers. “Tom brings
