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FollowUs is a location company that formed 18 months ago and has sold its services to more than 20,000 users, mostly small businesses that are looking for inexpensive alternatives to the Global Positioning System that is often installed in fleet trucks, according to Kevin Brown, the company's operations director.
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[A21.] High-Speed Internet at 35,000 Feet, but Not in America Boeing's Connexion unit, which sells high-speed Internet access on the aircraft that Boeing builds, has sold its service to airlines in Europe, Asia and the Middle East but airlines in the United States, citing cost concerns, have not bought into it.
While it is still state-owned, it has sold its food service unit to the private sector and is preparing to do the same with other divisions.
The flailing BlackBerry developer has sold its cloud services unit NewBay to Synchronoss Technologies, the provider of automation software, mobility management, and cloud technology solutions.
The bank has kept its costs flat by shedding 530 jobs, and has sold its merchant servicing cards business.
MICHAEL J. de la MERCED SHEDDING AN ASSET Morgan Stanley has sold its mortgage servicing company, a deal that will net the Wall Street firm $59.3 million in cash.
According to its S-1 filing, Twitter has sold its "Promoted Products" services in more than 20 countries.
Back among the risers, Financial Times publisher Pearson was up after it announced it had sold its government services business to private equity group Veritas Capital.
Industry super fund Hesta last month announced it had sold its stake in Transfield Services because of a "substantial body of evidence" of human rights violations inside the offshore detention centres.
Docker, Inc., the commercial company behind the open source Docker project, announced today it had sold its dotCloud Platform as a Service business to Berlin-based cloudControl.
Today the company confirmed also that it is now on a $100 million annual run rate — a big spike considering that the company has only been selling its services for a year and a half (six quarters to be exact).
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