Maria Deutscher
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DOD delays JWCC cloud contract awards to December
The U.S. Department of Defense will award contracts as part of its JWCC cloud computing procurement program in December instead of April as previously planned, Reuters reported on Tuesday. The JWCC, or Joint Warfighter Cloud Capability, program was announced last year. It’s a procurement initiative designed to modernize the Pentagon’s information technology operations using public ...
AI process intelligence startup Skan raises $40M
Startup Skan Inc., which helps enterprises make their business operations more efficient, today said that it has closed a $40 million funding round led by Dell Technologies Inc.’s venture capital arm. Skan has raised a total of $54 million from investors since launching in 2019. Enterprises are adopting robotic process automation software from companies such ...
Application testing startup LambdaTest raises $45M in funding
Startup LambdaTest Inc., which helps developers at companies such as Microsoft Corp. and Cisco Systems Inc. develop software faster, today announced that it has raised $45 million in funding. The Series C funding round was led by Premji Invest. Returning LambdaTest investors Sequoia Capital India, Telstra Ventures, Blume Ventures and Leo Capital participated as well. ...
Investor group to acquire Nielsen for $16B
An investor group led by Elliott Investment Management and Brookfield Business Partners has inked an agreement to acquire Nielsen Holdings plc for $16 billion. Nielsen announced the deal this morning. The $16 billion acquisition price amounts to $28 per share, a 60% premium over the last closing price of the company’s stock before its plans ...
Mobile security startup Zimperium acquired by Liberty Strategic Capital for $525M
Mobile cybersecurity provider Zimperium Inc. today announced that it has agreed to be acquired by Liberty Strategic Capital in a transaction worth about $525 million. Former U.S. Treasury Secretary Steven Mnuchin, the founder and managing partner of Liberty Strategic Capital, will become the chair of Zimperium’s board. Existing investor SoftBank Group Corp. is set to ...
Aerospike brings its managed NoSQL database to Google Cloud
Aerospike Inc. today announced that it’s making its managed NoSQL database, the Aerospike Cloud Managed Service, available on Google Cloud. The company is also simplifying the task of running its software on Red Hat’s OpenShift platform. Mountain View, California-based Aerospike is a database startup backed by more than $60 million in venture funding. The startup ...
Intel debuts ‘world’s fastest’ desktop processor
Intel Corp. today detailed the Core i9-12900KS, a new central processing unit that it touts as the world’s fastest desktop processor. The introduction of the CPU comes shortly after Advanced Micro Devices Inc. debuted a competing chip also described as the world’s fastest desktop processor. The newly detailed i9-12900KS is based on Intel’s Alder Lake ...
HP acquires communications hardware maker Poly for $3.3B
HP Inc. today announced that it’s acquiring Poly, a major maker of business headsets and conference phones, in a $3.3 billion all-cash transaction. The $3.3 billion price tag represents a more than 50% premium to the last closing price of Poly’s stock. HP expects to close the transaction by the end of the year. NYSE-listed ...
Remote work equipment startup Firstbase raises $50M round led by Kleiner Perkins
Firstbase Inc., a startup that helps companies issue laptops and other equipment to remote workers, has closed a $50 million funding round led by Kleiner Perkins. The company announced the investment this morning. Andreessen Horowitz, Alpaca VC and Forum Ventures also contributed to the round. Founded in 2019, Firstbase provides a cloud service that helps organizations ...
US and EU reach preliminary agreement on transatlantic data transfers
The U.S. and the European Union have reached a preliminary agreement to allow transatlantic data transfers, President Joe Biden and European Commission President Ursula von der Leyen announced today in a joint press statement. Many tech firms store the data of their EU-based users in U.S. data centers. Until about two years ago, the practice ...