August 2, 2013 08:00 AM EDT
Amazon Web Services has lost a nice piece of glory business to SoftLayer, the
public cloud company IBM just paid an estimated $2 billion to buy reportedly
for the pleasure of poking AWS in the eye.
Big Blue just got that distinct pleasure, heightened by the fact that it's
August 1, 2013 09:46 AM EDT
Let's see, where were we?
Oh, yes, Dell's special committee had rejected a sweetened offer of $13.75 a
share because it didn't want to throw out the shares sitting on the fence
that didn't vote "yes" or "no" on the buy-out offer to take the company
private, leaving it looking li... (more)
August 1, 2013 07:00 AM EDT
The Dell board's special committee has rejected Michael Dell and Silver Lake
Partners offer to pay $13.75 a share for the company in exchange for not
counting shares that don't vote one way or the other on the buy-out as being
In a letter to Michael Dell and Silver L... (more)
July 31, 2013 08:00 AM EDT
Gary Kovacs, who said in April he was stepping down as CEO of Mozilla to find
something “more commercial,” has turned up as CEO of publicly held
Internet and mobile security software house AVG Technologies NV, based in
Amsterdam and San Francisco.
AVG has upwards of 150 million ... (more)
July 30, 2013 08:30 AM EDT
After joining with Southeastern Asset Management in signing an open letter to
Dell’s special board committee – which is wrestling with Michael Dell’s
offer to pay $13.75 a share, 10 cents more a share, to change how the
stockholders vote on his leverage buy-out offer is counted –... (more)
July 29, 2013 04:26 PM EDT
Carl Icahn and Southeastern Asset Management sent Dell's special board
committee an open letter first thing Monday morning urging its members, who
are supposed to be watching out for the interests of Dell shareholders, not
to change the rules governing the upcoming shareholder vo... (more)
July 29, 2013 08:30 AM EDT
Three-year-old DataStax, born to commercialize Cassandra, the cloud-oriented,
open source NoSQL Big Data database initially developed by Facebook for its
own search purposes, and now considering an IPO, has raised a $45 million D
round led by Scale Venture Partners.
The new mone... (more)
July 29, 2013 08:00 AM EDT
Dell CEO Michael Dell told the Wall Street Journal in an e-mail exchange over
the weekend that he intends to stay with the company if his
multibillion-dollar offer to buy the joint and take it private isn’t
approved by the stockholders.
He also said that he won’t support Carl I... (more)
July 29, 2013 07:30 AM EDT
SolidFire, the Colorado-based all-SSD purveyor, has gotten a $31 million C
round led by strategic investor Samsung, which is supplying the 960GB flash
drives in its latest storage system.
The round brings SolidFire's total outside investment to $68 million.
The widgetry, called t... (more)
July 29, 2013 06:45 AM EDT
Apple only has 10 more days before an International Trade Commission's import
ban on the iPhone 4, iPhone 3GS, iPad 2 and earlier takes effect on Monday,
That is unless the White House vetoes it, something that hasn't happened
since President Reagan over 25 years ago, ... (more)
July 26, 2013 09:15 AM EDT
Ben Golub, the former CEO of Gluster, the storage venture gone to Red Hat for
$136 million, is now CEO of another promising venture-backed open source
start-up, two-year-old dotCloud.
DotCloud first came to market toting a multi-language Platform-as-a-Service
that proved revenue... (more)
July 26, 2013 08:30 AM EDT
Amazon has gone to the US Court of Federal Claims in Washington, DC, to get
the CIA to follow through on the four-year $600 million cloud contract it was
awarded earlier this year.
IBM, which also bid for the contract, objected to Amazon getting it claiming
price discrimination ... (more)
July 26, 2013 07:45 AM EDT
Prolexic Technologies, the Distributed Denial of Service (DDoS) mitigation
company, has gotten a $30 million Series C round led by new investors Trident
Capital and Intel Capital.
That makes $51.9 million altogether. Its existing shareholders include Kennet
Partners, Camden Part... (more)
July 25, 2013 11:00 PM EDT
Intel wants to re-architect the data center to rapidly deliver new services
efficiently and at scale through the cloud in an age of massively growing
network connections and scads of real-time unstructured data, not to mention
its need to ensure its own continued relevance and gr... (more)
July 25, 2013 06:00 AM EDT
The shareholder vote on whether to sell Dell to its founder Michael Dell and
private equity house Silver Lake Partners, postponed last week to July 24
when the initial count wasn't breaking Michael's way, has been delayed again
until Friday August 2.
The Dell-Silver Lake consort... (more)
July 24, 2013 08:00 AM EDT
Cisco, in a diversification move, is buying Maryland-based cyber-security
house Sourcefire for $76 a share in cash and retention bonuses, paying
roughly a 29% premium to Monday's closing price of $59.08.
The pair means to combine their widgetry to protect users everywhere - from ... (more)
July 24, 2013 01:15 AM EDT
Juniper Networks’ CEO Kevin Johnson, recruited from Microsoft in 2008, is
supposed to step down once the company finds a replacement.
The move surprised the market, which concluded it was unplanned and comes
before any real money was made.
Juniper’s board has formed a search comm... (more)
July 23, 2013 08:30 AM EDT
Jim Hagemann Snabe, whose contract was supposed to run through 2017, has
apparently tired of his half of SAP's CEO job and will be stepping down next
May leaving the post solely to Bill McDermott, a 51-year-old American.
The plan then is for the 47-year-old Dane, who's been respon... (more)
July 23, 2013 07:45 AM EDT
ARM has cut a multi-year deal with Oracle to optimize the Java Platform
Standard Edition for its 32-bit chips further and to add Java SE support to
its v8 64-bit platforms expected to be used in servers.
The company said the pact will focus on delivering throughput and efficient ... (more)
July 22, 2013 08:15 AM EDT
Ping Identity, the 11-year-old Denver company that provides secure
cloud-ified single sign-on to half of the Fortune 100 and reportedly has its
eye on going public next year, has raised a $44 million F round led by
private equity house W Capital Partners, brought in to help with ... (more)