3M Sells Off 450 Person Biometric Tech Unit To Gemalto For $850m

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screen-shot-2016-12-08-at-5-06-32-pmVia News Release

“ST. PAUL, Minn.–(BUSINESS WIRE)–3M announced today that it has entered into agreements to sell the identity management business within its Traffic Safety and Security Division, to Gemalto, the world leader in digital security, for $850 million, subject to closing and other adjustments.”

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The Datalink Deal That Almost Wasn’t

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By Michael Novinson, CRN

screen-shot-2016-11-07-at-9-39-52-amDatalink could have sold the company for $17 million more, but its lackluster financial results scared one prospective suitor away and prompted Insight Enterprises to cut its offer price.

Tempe, Ariz.-based Insight, No. 15 on the CRN Solution Provider 500, made Eden Prairie, Minn.-based Datalink, No. 43 on the CRN SP 500, work hard for a deal. Insight cut the transaction amount by $17 million and required what Datalink considered to be unusually high levels of financial transparency, according to SEC filings.”

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Eden Prairie IT Firm Datalink Purchased By Insight Enterprises For $258 Million

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screen-shot-2016-11-07-at-9-39-52-amVia News Release

“TEMPE, Ariz. & EDEN PRAIRIE, Minn.– Insight Enterprises (Nasdaq:NSIT), an Intelligent Technology Solutions™ provider (“Insight” or “the Company”), and Datalink Corporation (Nasdaq:DTLK), a leading provider of IT services and enterprise data center solutions (“Datalink”), have entered into a definitive merger agreement under which Insight will acquire Datalink for $11.25 per share in cash, representing a 19% premium to Datalink’s closing share price on November 4, 2016. The transaction implies an equity purchase price of approximately $258 million and an enterprise value of approximately $196 million (net of cash and debt acquired).”

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Target Sets Up Website To Invite Pitches From Startups

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TargetBy Kavita Kumar, Star Tribune

“Target is creating a clearer roadmap for startups who want to do business with it.  The Minneapolis-based retailer launched a new website last week — www.startup.target.com — that invites pitches from early-stage companies who are interested in running pilot programs with the big-box giant.”

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Best Buy Wants To Highlight Startups In Store & Online

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By Kavita Kumar, Star Tribune

“Start-ups: Best Buy wants to sell your products — stat. Not only that, the largest electronics retailer in the U.S. wants to make it easier for entrepreneurs and early-stage companies to get their products loaded onto its website and into customers’ hands. Some of those gadgets could possibly end up in stores, too.”

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Target.com President Departs

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screen-shot-2016-09-23-at-12-57-23-pmBy Nick Halter, Minneapolis-St. Paul Business Journal

Target.com President and Chief Digital Officer Jason Goldberger has left the Minneapolis retailer, Target Corp. confirmed Friday. Target (NYSE: TGT) did not explain the circumstances of the departure. Goldberger joined Target in 2013 and was promoted to chief digital officer in May.”

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3M Makes HealthIT Acquisition of Swiss Firm Semfinder

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Via News Release

Screen Shot 2016-09-06 at 10.41.02 AM“ST. PAUL, Minn.–3M announced today that it has acquired Semfinder, a Switzerland-based medical coding technology company. Semfinder is a leading developer of precise semantic coding of medical services. The acquisition of Semfinder provides important new coding technology that will enable 3M to accelerate the availability of its 3M 360 Encompass System in countries adopting electronic medical records.”

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Best Buy Set to be First Mainstream Test for VR Products

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Via AdAge

“Best Buy Chief Executive Officer Hubert Joly was sold on virtual reality after he was almost eaten by a shark in an experience he called “mind-boggling.”

Now he’s betting the masses will be enthralled with the technology too. In what’s seen as the first mainstream test of VR products, Best Buy began rolling out demonstrations for Facebook’s Oculus Rift headsets in May and will have them in 500 stores for the holiday-shopping season. The chain also is running 200 demos for Sony’s PlayStation VR, which will be released in October, that rotate between locations.”

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To Stay Competitive, Walmart and Target Turn To Startups For Help

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Target - Techstars AcceleratorBy Andy Meek, Engadget

Ten startup teams are holed up in Minneapolis through next month to use a new retail-focused accelerator there to launch everything from voice-based search technology for retailers to interactive games that help kids learn STEM concepts.

Their workspace is a typical startup bullpen — an open zone filled with things like boxes of food, Apple products, whiteboards with rows of Post-its and signs hanging from the ceiling that mark each startup’s turf.”

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Best Buy Grows US Ecommerce ~24% In Second Consecutive Quarter

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Screen Shot 2016-08-22 at 1.23.33 PMBy Krystina Gustafson, CNBC

“It wasn’t long ago that Amazon was considered to be the death knell for Best Buy’s business. That’s no longer the case. The bricks-and-mortar electronics chain on Tuesday said its U.S. online sales grew 23.7 percent during its fiscal second quarter, marking the second straight quarter of nearly 24 percent growth.”

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