The company has struggled to regain consumer interest as challenger lifestyle brands gain ground, with sales declining in each of the past three years.
The president said his administration has officially selected an architecture for the state-of-the-art system and hopes to deploy next-generation technologies across the land, sea and space.
Samsara said the new integration will allow customers to access data on Rivian vehicles in their fleet on the Samsara Platform, eliminating the need for managers to navigate multiple systems.
The transaction, initially valued at $311 million, could reach up to $391 million through an $80 million earn-out opportunity in future years based on the performance of the Dockers business under Authentic’s ownership.
A report from the Wall Street Journal noted that Taneja's compensation is more than that of most chief executives and the highest paid to a CFO since modern reporting began in 2006.
According to Finchat, analysts expect the Santa Clara, California-based company to report third-quarter adjusted earnings per share of $0.77 on revenue of $2.28 billion.
