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Technology Shares Move Higher - Tech Roundup

10/01/2021 | 05:10pm EST

Shares of technology companies were higher. Skyrocketing share prices in a niche corner of the cloud-software market that helps companies connect with customers are helping fuel a deal frenzy in the space.

Sweden's Sinch on Thursday announced a $1.9 billion cash-and-stock deal to acquire privately held Pathwire, bolstering its offering of cloud-based email services that companies use to market their products.

In personnel news, Adobe said it has named Applied Materials Chief Financial Officer Dan Durn as its new finance chief effective Oct. 18. Mr. Durn will be taking on the position held by John Murphy, who announced his retirement earlier this year.

Write to Amy Pessetto at amy.pessetto@dowjones.com

(END) Dow Jones Newswires

10-01-21 1709ET

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