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Facebook spends $2 billion to acquire virtual reality company
New York -- Facebook has seen the future — through 3D goggles. The social media giant has reached an agreement to acquire hot virtual reality technology start-up Oculus VR for $2 billion. The deal is comprised of $400 million in cash and 23.1 million shares of Facebook stock.
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Modell's gets tech savvy about employee selection
Modell's Sporting Goods is replacing its paper-driven employee-selection process with Infor PeopleAnswers Talent Science — a tool designed to improve that process as well as development and succession planning for its chain of more than 150 stores throughout the Northeast.
According to Infor, Infor PeopleAnswers Talent Science is available via the cloud and uses science, technology and analytics to predictively link behavioral data to real business outcomes, helping companies improve business performance, reduce turnover and optimize the HR process.