Industrial technology company Trimble announced on Tuesday it would buy back up to $800 million worth of shares and add two directors to its board, just a few weeks after activist investor Jana Partners disclosed a stake in the company. Nersesian is the chairman and former CEO of Keysight , an equipment and software company. "We are thrilled to welcome Kara and Ron to our Board," Trimble CEO Rob Painter said in the release. Jana partner Kevin Galligan said the firm was "pleased" with the additions to the board and the expanded share buyback plan. Galligan also said that industrial concerns looking to grow their recurring revenue through software or technology might consider acquiring Trimble.

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Persons: Trimble, Jana Partners, Ron Nersesian, Kara Sprague, Sprague, Kara, Ron, Rob Painter, Jana, Kevin Galligan, Galligan, Rob Organizations: Nginx, Bloomberg's, Trimble, Fidelity National Information Services, Qualcomm, Zendesk, 13D, Company Locations: Trimble