SaaS-based application performance monitoring start-up New Relic, which has
already raised $34.5 million in venture capital, has gotten a whopping $80
million in mezzanine financing to move into native mobile applications, open
an office in Europe, add staff and prepare to IPO.
The handsome sum, which gives it a total of $115 million and a reported
valuation of $750 million, comes largely from Insight Venture Partners and T
Rowe Price, marking the first time since Twitter that the pair has funded a
Other participants include Dragoneer Investment Group, Passport Ventures and
the company's existing investors Allen & Company, Benchmark Capital, Trinity
Ventures and Tenaya Capital.
New Relic says it saw 200% year-over-year revenue growth including 18
quarters of consecutive growth from playing in the data center and cloud
markets monitoring deployed... (more)
Oracle co-president Safra Catz met with the European Commission’s antitrust
boss Neelie Kroes to try to negotiate Oracle’s way out from under the
EC’s investigation into the anti-competitive issues of Oracle acquiring the
European-created open source database MySQL if it takes over Sun.
Apparently she failed.
“Kroes expressed her disappointment that Oracle failed to produce, despite
repeated requests, either hard evidence that there were no competition
problems or a proposal for a remedy to the competition concerns identified by
the commission,” EC spokesman Jonathan Todd said We... (more)
Linus Torvalds has merged SGI's XFS high-performance journaling file system
into his BitKeeper tree suggesting that it'll show up in a future kernel
release, according to LWN.net.
XFS provides rapid recovery from crashes and support for large disk farms.
Other journaling file systems supported by the Linux kernel include ext3,
ReiserFS and JFS.
That hole Alice nipped down after the White Rabbit before tying up with the
Mad Hatter has come out in China - just like our parents used to tell us it
would if we kept on digging in the garden when we were kids.
Just imagine Sun Microsystems as Alice.
In an announcement overshadowed Monday by Sun’s new Opteron alliance with
AMD that Sun claims - well, some at Sun anyway - could be a lot more
far-reaching than the AMD deal, Sun said that the Chinese were going to make
Sun’s newfangled Linux-based Java Desktop System, otherwise known as
Project Mad Hatter, the foundation of the Chi... (more)
SGI says it's inventing the Next Big Thing.
SGI has invented the Next Big Thing before like its SMP and NUMA work.
Anyway, it's not enough that the next-generation supercomputer be bigger and
faster, according to Greg Estes, the head of SGI's corporate marketing, and
Dave Parry, the general manager of its server/HPC business unit. The hardware
and software has simply got to be more useable.
SGI calls its vision Project Ultraviolet because purple is its favorite color
and it seems to make some kind of futuristic sense because ultraviolet is
just beyond the violet hue in the visible... (more)