UTrust (UTK) price is trading around 65% higher this month to continue its bullish run after gaining about 20% in the last two months of 2020. Fundamental analysis: Egyptian government picks UTrust among others to lead projects under the digital migration program The Egyptian government has picked 16 Small and Mid-sized Enterprises (SMEs) that will manage 15 digital projects within government bodies, which will operate in four main areas including quality management and testing, GG Web Services, content digitization, analysis, design, and project engineering. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Among the selected companies, UTrust was picked for the Asset Management System, Pmaestro for the Egyptian Heritage System, Digital Blocks for the Complete Health Insurance System, and TestPRO for the Notary System. The government said that these companies were picked to lead the projects as part of the “Our Digital Opportunity” initiative introduced in May last year. The aim of the initiative was to engage young local entrepreneurs in the process of national digital transformation. This will allow the Egyptian government to control costs while supporting local developers. Two other enterprises will run projects
Granite Construction Incorporated (NYSE: GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on October 15, 2020, to all shareholders of record at the close of business on September 30, 2020.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.
Source: Granite Construction Incorporated
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F5 Networks announced the acquisition of cloud-management Volterra startup for $500 million Volterra was founded only last year when it raised $50 million On Friday, shares closed 6.19% higher after surging more than 11% to trade above $200 for the first time ever Shares of F5 Networks (NASDAQ: FFIV) soared over 6% on Friday to exceed the $200.00 mark for the first time ever. The company announced the acquisition of Volterra startup for $500 million. Fundamental analysis: Volterra to be integrated F5 Networks said it will pay $440 million in cash and $60 million in deferred and unvested incentive payments to acquire could-management startup Volterra. Interestingly, Volterra was founded only last year when it raised $50 million. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. According to François Locoh-Donou, the president and chief executive of F5 Networks, said his company will work to integrate Volterra’s f products in his company’s portfolio. “With Volterra, we advance our Adaptive Applications vision with an Edge 2.0 platform that solves the complex multi-cloud reality enterprise customers confront. Our platform will create a SaaS solution that solves our customers’ biggest pain points,” he said.
