In the 1960s and 1970s, the term information technology (IT) was a little known phrase that was used by those who worked in places like banks and hospitals to describe the processes they used to store information. With the paradigm shift to computing technology and "paperless" workplaces, information technology has come to be a household phrase.
The enterprise software company Informatica announced on Tuesday that it had agreed to be taken private in a $5.3 billion deal - the largest buyout so far this year. Permira, a private equity firm based in London, and the Canada Pension Plan Investment Board will pay $48.75 in cash for each share of Informatica.
Corporate takeovers became a prominent feature of the American business landscape during the seventies and eighties. A hostile takeover usually involves a public tender offer-a public offer of a specific price, usually at a substantial premium over the prevailing market price, good for a limited period, for a substantial percentage of the target firm's stock.
Define information technology: the technology involving the development, maintenance, and use of computer systems, software, and networks for the processing and...usage, synonyms, more.