Tech Data (NASDAQ:TECD) https://nai500.com/stock-tracker/?qm_symbol=acquires Inflow Technologies for undisclosed terms. The deal is expected to close in Q1 FY21.
Inflow is a value-added distributor specializing in cybersecurity and networking. TECD says the purchase will optimize its presence in the Asia Pacific region and strengthen its end-to-end portfolio.
Amazon (AMZN +0.4%) is blocking third-party sellers from using FedEx’s (FDX -1.2%) Ground and Home delivery for Prime shipments, according to a merchant email viewed by the WSJ.
The tech giant cites a decline in performance heading into the holiday season.
The ban starts this week and will continue “until the delivery performance of these ship methods improves.”
Fortinet (FTNT +1.2%) extends its integration with Google Cloud (GOOG +0.9%)(GOOGL +0.9%) to include a new reference architecture to help migrating customers connect distributed branches to GCP with Fortinet’s Secure SD-WAN solution.
FTNT is also releasing the FortiWeb Cloud WAF-as-a-Service in the Google Cloud Marketplace.
The companies will collaborate on new offerings to market and run several Palo Alto Networks (NYSE:PANW) services on Google Cloud (GOOG +0.9%)(GOOGL +0.9%).
The solutions will include developing a security framework for multi-cloud environments with Google’s Anthos platform and integrating Google Cloud’s Event Threat Detection and PANW’s AutoFocus threat intelligence.
The new solutions will be available in H1 2020.
Uber Eats India sale ‘inevitable’ – Raymond James
Uber (UBER +5.5%) shares continue to gain on reports the company will unload its Uber Eats India business to Zomato.
Raymond James analyst Justin Patterson says the sale appears inevitable given the service’s third-place ranking in the region, which would take significant time and investment to improve.
Patterson says the sale to Zomato offers several benefits, including receiving a stake in the market leader, but also highlights that Uber didn’t win the market, raising questions about the network strength and platform advantages.