Tech disruptions sparked by software update highlight the fragility of globally connected technology

Cybersecurity company CrowdStrike, known for protecting organizations like airlines, banks, and hospitals, faced a significant disruption on Friday when a faulty software update caused widespread issues, grounding flights, knocking offline banks and media outlets, and affecting various services. The problem stemmed from a CrowdStrike update that impacted computers running Microsoft’s Windows operating system. CrowdStrike clarified […]

Software company Squarespace being taken private by Permira in $6.9 billion deal

Software company Squarespace is being acquired by private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion. Under the terms of the deal, Squarespace Inc. shareholders will receive $44 per share for their holdings. The company, which provides tools for entrepreneurs to build online businesses and brands, went public through a direct […]

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