Rackspace going private in $4.3B deal

Rackspace going private in $4.3B deal

Cloud infrastructure provider Rackspace Hosting Inc. is going private in a $4.3 billion deal announced this morning. The deal comes after three weeks of speculation that the hosting provider would seek an alternative to the public markets as its early lead in cloud...
Pure Storage shares jump 12% on earnings upside

Pure Storage shares jump 12% on earnings upside

Less than a week ago, Pure Storage Inc. saw its shares whacked 13 percent after a research firm downgraded its rating on the stock. Today, it gained a large portion of that loss back with a second-quarter earnings report that easily beat Wall Street expectations....
IBM follows Amazon and Microsoft to South Korea

IBM follows Amazon and Microsoft to South Korea

IBM has expanded its global cloud network once again by launching a new hosting facility in the South Korean city of Pangyo, which is located a short drive away from Seoul. The data center is part of a collaboration between the vendor and regional technology giant SK...