Cloudscaling, the four-year old start-up that insists it's got the most
advanced OpenStack infrastructure system, has picked up a $10 million B round
from Trinity Ventures and two new investors, new strategic partners Juniper
Networks and Seagate.
It reportedly got a $4 million A round from Trinity in 2011.
In April Cloudscaling wheeled out its turnkey Open Cloud System (OCS) 2.5,
which it integrated with Juniper's virtual network control (VNC) technology,
JunosV Contrail, signaling their partnership.
The two now plan other joint networking solutions that would support a new
generation of cloud-aware enterprise workloads.
The Register thinks Juniper may wind up buying the company.
Cloudscaling also joined the Seagate Cloud Builder Alliance Partner program
in April and, as part of the program, it and Seagate are focused on
developing optimized storage solutions for O... (more)
Intel’s new broom has begun to sweep, meaning its new CEO Brian Krzanich,
in office four days, started reorganizing the place reportedly to make the
old girl more focused and spry.
The one-time plant manager has taken direct control of the company’s chip
design unit, its fabled Architecture Group, which includes its PC client
group, mobile communications operation and data center unit, giving its old
boss Dadi Perlmutter the job of leading a so-called management transition
effort whose point is unclear.
Seems Perlmutter and Krazanich are going to have to figure out a future role ... (more)
Big Data and the cloud each contributed a start-up to the stock market last
Tableau Software, a profitable chart-making BI data visualization firm, IPO'd
on the Big Board in New York sporting the highly desirable ticker symbol DATA
and selling at the open for $31 a share. It rose to $50.75 by the end of the
trading day, up nearly 64%.
It has subsequently inched up further and ran as high as $59.60 before
falling back a few bucks. Its market cap was $1.9 billion at noon Tuesday.
Its largest single shareholder New Enterprise Associates, which put $29.2
million into the co... (more)
NetApp, which is under pressure from activist shareholder Elliott Management
to shape up and return value, said Tuesday that it’s going to can 900
people to spiff up its financials, 400 less that the 1,300 that Piper Jaffray
estimated last week.
It’s also going to start paying a 15-cent-a-share dividend and buy back
more shares than it meant to.
Although the plan is unlikely to satisfy Elliott, NetApp increased it stock
repurchase plan by $1.5 billion to $3 billion over three years.
Elliott is believed to own a little less than 5% of the company and wants a
change in the board. ... (more)
Adaptive Planning, which likes to stress that it’s the first and only pure
Software-as-a-Service outfit in the performance management space, has taken
in a $45 million D round, bringing its total funding to a nice round $100
The investment, meant to ensure that its business analytics rivals eat its
dust, was led by Bessemer Venture Partners (BVP), a cloud believer new to the
company. Existing backers Onset Ventures, Norwest Venture Partners, Royal
Bank of Canada Venture Partners, Cardinal Venture Capital and Monitor
Ventures also chipped in.
Adaptive said it will use t... (more)