Brocade invests to boost its IP standing
Vendor continues drive to meld storage and networking channels with hefty UK investment Vendor Brocade has trebled its UK channel team in the past nine months and is investing a further £2m to help boost its networking presence....Read more |
Oxsensis' prospects heat up following cash injection
Developer of ultra-high temperature sensors secures £3m in latest funding round UK startup Oxsensis, a specialist in the development of high-temperature sensing equipment, is to accelerate the development of new technologies designed to improve the enerRead more |
Electrified roads could power vehicles, say researchers
Scientists unveil plans for giant Scalextric set Researchers in South Korea have developed a way to charge electric vehicles on the move, by embedding magnetic components in the road that can inductively charge vehicles passing over them....Read more |
Feed-in tariff "killing off" burgeoning UK small turbine industry
RenewableUK says inconsistencies in tariff favour solar panels, which takes microgeneration business out of UK UK small wind turbine manufacturers say they will lose out to foreign solar panel manufacturers in the race to cash in on the UK government's nRead more |
Bright outlook for LEDs as Lemnis Lighting raises fresh funding
US-Dutch start up rakes in $37.5m to help commercialise new energy efficient lighting technology San Francisco-based lighting start-up Lemnis Lighting has raised $37.5m (£25m) in a fourth round of funding from unnamed African investors, as it looks to tRead more |
Shock exit for SAP chief Apotheker
SAPchief executive Léo Apotheker has departed the firm after "a mutual agreement"
with the vendor's Supervisory Board not to extend his contract.
The software behemoth announced yesterday that Apotheker was leaving the
company after 20 years. He rose to become co-chief executive two years ago and
last year assumed sole responsibility for leading the company.
He is replaced at the top by another partnership, Bill McDermott and Jim
Hagemann Snabe, who will serve as co-chief executives. McDermott previously
served as SAP's head of field organisation, while Snabe steps up from a role as
head of product development.
Chief technology officer Vishal Sikka has also taken a step up, having been
appointed to the Executive Board. SAP indicated that company co-founder and
current chairman of the Supervisory Board, Hasso Plattner, will play a key role
in setting the company's strategy.
Plattner's peers on the Supervisory Board have requested that he "continue to
play a strong role in advising the new leaders on technology and product
development". The board also took time to wish Apotheker well and express their
gratitude "for his enormous contribution to the success of SAP".
Plattner said: "“The new setup of the SAP Executive Board will allow SAP to
better align product innovation with customer needs. The new leadership team
will continue to drive forward SAP’s strategy and focus on profitable growth,
and will deliver its innovations in 2010 to expand SAP’s leadership of the
business software market."
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