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Maureen O'Gara

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Top Stories by Maureen O'Gara

Netscape wunderkind Marc Andreessen, now about to turn a demographically middle-aged 38, has officially turned venture capitalist, a counter-culture move since the dot.com bust trashed the sport. Andreessen and fellow Netscape veteran Ben Horowitz have raised a relatively modest $300 million – which seems to be considered a goodly sum in these dire times – and have set up Andreessen Horowitz as they’ve been publicly threatening to do since February. Andreessen told the Financial Times they could have raised $500 million or $600 million but felt a twosome couldn’t handle that kind of money. They reportedly only intended to raise $250 million. Andreessen and Horowitz have been playing angel investors for about five years now and have spread their personal wealth around some 40-odd start-up including Twitter, Digg, Ning, Rightscale and Linkin, some of them famous nam... (more)

Abiquo Gets $10 Million in Funding

Abiquo, the enterprise cloud management house, has raised approximately $10 million in Series B funding led by Balderton Capital Partners, the early- stage VC that backed MySQL. Business Objects founder Bernard Liautaud is a partner there now and will join Abiquo’s board. Existing investors Nauta Capital and Eurecan also participated. The funding will be used to expand Abiquo’s global sales and marketing efforts, customer support and senior team. Abiquo’s software is supposed to let the enterprises and service providers extend virtualized environments and create and manage privat... (more)

[Update] Amazon Boots WikiLeaks Off Its Cloud

UPDATE: Amazon itself has issued via its Amazon Web Services official blog the following rebuttal: "There have been reports that a government inquiry prompted us not to serve WikiLeaks any longer. That is inaccurate. There have also been reports that it was prompted by massive DDOS attacks. That too is inaccurate. There were indeed large-scale DDOS attacks, but they were successfully defended against. Amazon Web Services (AWS) rents computer infrastructure on a self-service basis. AWS does not pre-screen its customers, but it does have terms of service that must be followed. Wiki... (more)

Verizon Pulls Surprise, Buys Cloud Vendor Terremark

 Verizon Communications up and surprised everybody late Thursday by saying that it's buying Miami-based cloud, co-location and managed IT infrastructure purveyor Terremark Worldwide Inc for $1.4 billion cash, or $19 a share, a 35% premium.  Someone could of course come along and make a better offer; Wall Street, which pushed the stock above the bid anticipating a counter-offer, immediately wanted to know if Terremark had been shopped. It does a lot of business with the US government agencies like handling USA.gov and Data.gov and counts some of the world's largest companies as ... (more)

OpenStack Keeps VMware Waiting

VMware, Intel and NEC are still waiting to hear if their applications to join the open source OpenStack Foundation as dues-paying Gold members have been accepted. VMware’s surprise application is considered a particular coup for the fledgling organization since it was positioned as OpenStack’s proprietary opposition. The foundation reportedly ran out of time at its first board meeting last week and although it ran seven hours the applications were last on its agenda and so it might take until its next meeting in mid-October for the applications to be cleared. It is unclear wha... (more)