Microsoft on Tuesday named Amit Chatterjee as the new managing director of its development centre in India. Chatterjee is replacing Srini Koppolu, corporate vice-president & managing director. Koppolu was with Microsoft for the past 21 years. Koppolu told FE that he may explore opportunities in the education space. His last day at Microsoft is September 24. Chatterjee has been with the company for the past 22 years and will now expand his responsibilities to lead MSIDC. He will continue to be based out of Hyderabad and will report to S Somasegar, senior vice-president, developer division, Microsoft .
Reliance MediaWorks to raise Rs 500 cr via QIP
Reliance MediaWorks on Tuesday said it will raise funds up to Rs 500 crore by private placement of shares with potential investors. The company at its annual general meeting received an approval from to raise the amount through qualified institutional placement, Reliance MediaWorks said. "A shareholders' approval is mandatory - and has been taken in advance, in case we propose to place a QIP anytime in this year," the company said.
CA Tech acquires Arcot for $200 million
Nasdaq-listed CA Technologies on Tuesday said it has acquired privately-held Arcot Systems, a fraud prevention solutions provider, in an all-cash deal of $200 million. Arcot Systems has a significant presence in Bangalore and Sunnyvale, California, and its employees will remain in their current locations till March 2011, CA Technologies said in a statement. The deal is expected to close in the quarter ending September 30, subject to regulatory review. The acquisition builds on CA Technologies cloud security strategy.
REpower Systems tech centre in Germany
REpower Systems AG on Tuesday said it has inaugurated a new technology centre on the Kiel Canal, in Germany, on Aug 25. In a press release, the company, a subsidiary of Suzlon Energy, said the centre houses 470 research and development and technical personnel and is equipped to monitor REpowers global fleet of over 2,500 wind turbines.