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Tech sector to drive recovery in private equity

Strong investor appetite for the technology sector is set to drive recovery in private equity with the booming area seen as a safe harbour for investments during COVID-19 and forecast to be the major source of deal activity.

In a report to be released on Monday titled The Carry: Private Equity Insights, law firm Herbert Smith Freehills found market uncertainty caused by COVID-19 triggered a dip in deal activity in the second quarter of the year but renewed interest in technology and software could pave the way forward for private equity.

The report records 21 deals completed in the first quarter of the year with the technology sector accounting for 33 per cent. However, there were only six deals in the second quarter of the year because of the “disruptive impact” of COVID-19.

Citadel chief executive Mark McConnell, the technology business that was acquired by private equity firm Pacific Equity Partners last week in a $500 million deal.

Citadel chief executive Mark McConnell, the technology business that was acquired by private equity firm Pacific Equity

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Technology
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Kitchen gadgets, tech gear, and more on sale already at Black Friday prices

Products featured here are selected by our partners at StackCommerce.If you buy something through links on our site, Mashable may earn an affiliate commission.

Cyber Monday has come early this year.
Cyber Monday has come early this year.

Image: revol

By StackCommerceMashable Shopping

There are still three more months of 2020, which means you have around 100 days to make it a better year. There is hope for us yet. Step one — treat yourself.

For one weekend only, you can slash an extra 20% off these gadgets and gizmos because why the hell not have a huge sale in September? There are deals on kitchen appliances, phone and computer accessories, sanitizing equipment, and more. Just use the code VIPSALE20 at checkout to knock down the price. 

Cashew Smart Wallet with Biometrics and Bluetooth

With fingerprint authentication and integrated Bluetooth, this wallet doesn’t just hold your money and cards — it ensures they’re

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Computer
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Give The Gift Of Tech With These 9 Must-Have Gadgets

If you’ve got a tech-obsessed friend, you’ll know there’s nothing better than gifting them a brand new gadget that they can mess around with. But we also know that buying these new devices depends on the kind of person your friend is, which makes it a bit more difficult to give them something they don’t have or something they didn’t know they needed.

We’ve rounded up a few different gift ideas, so no matter what kind of friend you have, you’ll be able to grab a fun new toy for them to play with.

They also make pretty good gifts if you’re looking to treat yourself too.

Budget Options

Tile Mate ($35)

Image: Catch

If you know someone who is prone to losing their keys, it might be a good idea to gift them a Tile Mate. This handy tracker easily slips onto a keyring and can be located anywhere

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Computer
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Daily Deals: Use this Code to Save an Extra 15% on Tech, Gadgets, and Electronics

You can actually find some of the best tech deals at eBay right now. There is an extra 15% off tech and electronic items such as laptops, graphics cards, monitors, and more when using code PACKUP15 at checkout. You can save up to £60 on whatever you choose, but this is a great deal and well worth considering as an alternative to the usual tech retailers.There are also some awesome gaming deals available at the moment online, with plenty of digital titles getting a significant discount right now. One of the best deals is on Star Wars Jedi Fallen Order for Xbox One, with the Deluxe Edition down to £19.79 from £69.99. You can also find the new Horizon Zero Dawn PC port for just £29.99, or Microsoft Flight Simulator for just £53.99.

Like us on Facebook and follow us on Twitter for the latest deals on games, tech, and

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Computer
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Close the rings! Wearable tech is catching on

Kevin Benoit’s Apple Watch is at work monitoring his health and fitness. Submitted photo

Nik Barry has a complicated history, one riddled with addiction, arrests, shady characters and questionable behavior of all varieties. 

Who knew that a simple fitness watch could help repair all that? 

Kevin Benoit is legally blind, hearing impaired and prone to seizures. He wears his Apple Watch at all times. It keeps him fit but will also call for help if Benoit runs into trouble because of his health issues. 

Jeffrey Frankel? He’s got a Type II heart block that causes dangerous dips in his heartbeat. Frankel has a pacemaker and now he has an Apple Watch, as well, to help him stay in shape, but also to monitor his heart and keep tabs on his pacemaker. 

All those life-changing benefits in a simple watch-style gadget? 

You betcha. Wearable tech has taken off in recent years,

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Computer
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Local tech sector hosts hiring fair, more than 300 jobs available



a group of people in a city: Downtown Calgary office towers are seen from the Calgary Tower on Thursday, June 11, 2020.

© Gavin Young/Postmedia
Downtown Calgary office towers are seen from the Calgary Tower on Thursday, June 11, 2020.

Thirty-four Calgary tech companies took part in a virtual hiring fair Tuesday, an indication that the city’s technology and innovation sector continues to grow in spite of COVID-19 and a challenging local economy.

There were more than 300 jobs available through the event, which was organized by Calgary Economic Development and Tech West Collective, a group of local technology companies that aims to raise awareness of the city’s burgeoning tech scene. Among the companies hiring were larger organizations like Benevity and Shareworks by Morgan Stanley (formerly Solium) as well as smaller startups like Virtual Gurus and ZeroKey.

The companies were seeking to fill a wide range of roles, from tech-specific positions like data scientist and software developer to sales and marketing positions that could suit job-seekers transferring from other industries.

“It’s across

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Technology
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Spring Valley Resident Works To keep Tech In Students’ Hands

SPRING VALLEY, NY—Schools and students in Hudson Valley rely on technology now more than ever, but technology is not always reliable or widely available. This summer, Jerry Registre, a Google intern from Spring Valley, is undertaking a critical project to help schools keep technology in the hands of their students.

As a summer intern for Google, Registre, a rising senior at Harvard College majoring in biology and computer science, is looking for ways to make it easier for schools to repair Chromebooks – a necessity for today’s learning experience, whether in the classroom or virtual. He is also encouraging students to engage with hands-on STEM and hardware learning opportunities.

“I have a sense that students on the whole are more technical now, in the realms of having more opinions about technology, knowing how different systems work, and getting better at fixing problems,” Registre told Patch. “And I think that Google,

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Computer
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10 things in tech you need to know today

US President Donald Trump attends meeting in the Oval Office on June 24, 2020.
US President Donald Trump attends meeting in the Oval Office on June 24, 2020.

Saul Loeb/AFP via Getty Images

Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning.

  1. Trump reportedly said TikTok has until September 15 to find a US buyer or it will be banned — and that the US Treasury should get payment as part of the sale. Trump previously threatened to imminently ban the app, which is owned by ByteDance, a Beijing-based company.

  2. TikTok’s owner ByteDance is looking outside of the US for its new TikTok headquarters. In a statement Monday to Reuters, ByteDance said it’s “evaluating the possibility of establishing TikTok’s headquarters outside of the US” to demonstrate it’s a “global company.”

  3. Ubisoft fired executive Tommy Francois after he was accused of sexual harassment. Sources with knowledge of the matter

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Computer
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Why artificial intelligence models are often biased, according to the Google exec who heads Alphabet’s internal tech incubator Jigsaw

Yasmin Green is the director of research and development for Jigsaw (Google).
Yasmin Green is the director of research and development for Jigsaw (Google).

Tory Burch Foundation

  • In early March, The Tory Burch Foundation hosted its Embrace Action 2020 Summit, which saw leaders and entrepreneurs from around the world gather to talk about gender parity and inclusion in the workforce. 

  • At the Summit, Bank of America COO Thomas Montag spoke with former AOL CEO Steve Case, Goldman Sachs Partner Dina Powell, and Tory Burch about how their companies aimed to create a more inclusive industry. 

  • Diane von Furstenberg also spoke at the conference, as did Gloria Steinem, former co-CEO of Ariel Investments Mellody Hobson, and activist-model Halima Aden.

  • Yasmin Green, director of research and development for Jigsaw, an internal tech incubator within Google parent company Alphabet, spoke about the role human bias plays when programming artificial intelligence. 

  • Visit Business Insider’s homepage for more stories.

The Tory Burch Foundation Summit in early March

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Programming
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Internet freedom is in imminent danger, claims Twitter boss Jack Dorsey in attack on other tech companies

Getty Images
Getty Images

The freedom of the internet is under imminent threat, Twitter boss Jack Dorsey has said.

He said his rival tech giants were “killing competing ideas” and that the idea of fairness on the internet was under threat.

Other companies are creating “walled-garden alternative internets”, in an apparent attack on other companies such as Facebook.

Instead, Twitter is focusing on “an open internet” that no one company was able to control, he said.

Mr Dorsey was speaking after the four biggest tech companies in the world – Amazon, Apple, Google and Facebook – sent their chief executives to a US congress hearing. The questioning was part of an antitrust investigation, looking at the ways that those major firms could be abusing their dominance of their respecrtive markets.

In a series of tweets, Mr Dorsey said: “The most incredible aspect of the internet is that no one person or organisation

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Internet