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He said that the company, which is an official Interpol and Europol partner in investigating cybercrimes, is also ready to open its source code to any client as a way to build confidence with new and existing partners. According to Group IB, its customers have been able to recover $300 million thanks to the company’s services. Sachkov said that the company planned to invest around $30 million in the Singapore HQ up to 2022. The office will employ 90 people, including 15 Russians. The $30 million will come from Group IB’s internal resources and no external financing is planned, Sachkov said. His company does not disclose its financial results.

(Reuters) - Software company Apptio Inc APTI.O said on Sunday it agreed bmx bike cufflinks to be bought by private equity firm Vista Equity Partners for $1.94 billion in cash, two years after going public, Vista will take the company private for $38 per share, a premium of about 53 percent to Apptio stock’s last close, The deal would help the company bring its products to the market faster, Apptio co-founder and Chief Executive Officer Sunny Gupta told Reuters, “In the private construct, we look at leveraging Vista’s playbook,” Gupta said, “They seem to be very committed to accelerating our product innovation cycle to customers.”..

Apptio, whose products include cloud-based and hybrid business management software, was founded in 2007 and went public in September of 2016 at $16 per share. Vista, whose private-equity portfolio comprises of mostly software companies, sold marketing software firm Marketo to Adobe Inc (ADBE.O) for $4.75 billion in September. The Apptio deal includes a 30-day “go-shop” period, which allows Apptio board and advisers to consider alternative offers, the company said. Apptio had multiple offers from strategic and private investors before it agreed to go with Vista’s, Gupta said. He will remain Apptio’s CEO post the deal. It will remain headquartered in Bellevue, Washington.

SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate, Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in the first hour after midnight, Singles’ Day, also called “Double 11”, is the world’s biggest online sales event, outstripping the sales bmx bike cufflinks of U.S, shopping holidays Black Friday and Cyber Monday combined..

The Chinese event was originally a novelty student holiday to celebrate being single, countering Valentines Day, but has since grown into a month-long online shopping festival that peaks with a 24-hour sale on November 11. This year, the company surpassed last year’s full-day sales record of 168 billion yuan in just under sixteen hours. Despite the record haul, the annual sales growth rate fell from 39 percent to 27 percent, at the low end of analyst estimates, and the slowest rate in the event’s 10-year history.

It comes as the company is grappling with a weaker sales outlook amid rising trade tensions between China and the United States that have taken a bite out of China’s economy, Earlier this month it revised down its full-year sales outlook by 4-6 percent, sending further chills through the company’s stock price, which has dropped roughly 16 percent this year after almost doubling in 2017, To compensate, the company will take in less commission from its platforms in the near term to retain brands and attract bmx bike cufflinks new buyers, it said..

Online sales growth is also slowing across the board in the country’s eastern mega-cities, including Shanghai and Beijing, and Alibaba said roughly 75 percent of new users last quarter were in “less developed” areas. While small appliances and cosmetics were strong on Sunday, sales in big-ticket items including large appliances slowed alongside a downturn in the housing market, Alibaba vice chairman Joe Tsai told press. “If people aren’t buying new homes, they aren’t buying appliances,” he said.

(graphic: tmsnrt.rs/2Pl7TT6), Despite the milder growth, executives were upbeat on Sunday at a press event in Shanghai, attended by roughly 800 journalists who watched a live-streamed ticker of the sales, “Today we reached bmx bike cufflinks 200 billion (yuan), But we have to change, We have to continue to change to reach 300 billion or 500 billion,” said Chief Executive Daniel Zhang, who is credited with being the architect of the original Singles’ Day sale, Alibaba kicked off this year’s sales with a gala event that featured U.S, singer Mariah Carey, a Japanese Beyonce impersonator and a Cirque du Soleil performance..

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