Chicago's ambition to become a tech hub faces challenges as Mayor Brandon Johnson proposes raising the cloud computing tax from 9% to 11% to address a $1 billion deficit. Critics warn this could deter growth and drive businesses away, complicating the city's efforts to attract tech firms amid a broader industry downturn. Despite recent investments from major companies, the tech workforce has declined by 9.5% since 2018, raising concerns about the city's competitive edge.
Salesforce Inc. has acquired data management startup Zoomin Software Ltd. for $344 million, a figure revealed in a recent filing. The company had previously invested in Zoomin and owned less than 10% of its outstanding shares before the acquisition. The deal's terms were initially undisclosed when announced in September.
UBS has maintained a 'Neutral' rating on Salesforce, setting a price target of $360 following mixed quarterly results and outlook. Analyst Karl Keirstead noted that demand trends appeared slightly more positive compared to industry peers like SAP. As of December 4, Salesforce shares were trading at $368.66, reflecting an increase of 11.23%.
The healthcare provider network management market is projected to grow from $4.03 billion in 2023 to $8.61 billion by 2028, driven by factors such as an increasing geriatric population, technological advancements, and the shift towards value-based care. Key players include UnitedHealth Group, CVS Health, and Cigna, among others. The market is characterized by trends like telehealth integration and a focus on cybersecurity, highlighting the need for effective network management to meet evolving healthcare demands.
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