Maria Deutscher
Latest from Maria Deutscher
AWS launches quantum computing research center in partnership with Caltech
The California Institute of Technology today announced that Amazon Web Services Inc. is opening a new research hub on the university’s campus to develop cutting-edge quantum computing technology. The research hub, called the AWS Center for Quantum Computing, is reportedly opening this week. It’s located inside a two-story facility in the northeast corner of the ...
Commvault posts 12% recurring revenue jump but misses expectations and stock plunges
Data protection and data management provider Commvault Systems Inc. this morning posted second-quarter earnings that showed continued growth in recurring revenues, but fell short of analyst expectations. Investors were alarmed, and the stock was falling almost 19% in trading today. Commvault’s sales reached $177.8 million in the three months ended Sept. 30, up 4% from the ...
Cisco expands Webex hybrid work portfolio with new AI features and devices
Cisco Systems Inc. today debuted a slew of additions to its Webex portfolio of communications products, including artificial intelligence features designed to optimize meetings and new hardware devices. The company detailed the enhancements at its WebexOne 2021 event running virtually today and tomorrow. The Webex product portfolio is headlined by the popular videoconferencing service of ...
Microsoft: As many as 14 IT service providers breached by Russian hacking group
Microsoft Corp. today said that as many as 14 information technology service providers were breached by the hacking group Nobelium, which the U.S. government and others have linked to Russia. Nobelium is the same group responsible for last year’s SolarWinds hacking campaign. The SolarWinds hack, which came to light in December, is estimated to have ...
Microsoft buys Clear Software to enhance its automation capabilities
Microsoft Corp. has purchased Clear Software Inc., a developer of tools for speeding up complex business tasks that involve multiple applications. Microsoft announced the acquisition today. The deal is aimed at enhancing the capabilities of the company’s Microsoft Power Platform product suite. Two of the most important offerings in the product suite are the Power ...
23andMe acquires telemedicine platform Lemonaid Health for $400M
Genetic testing company 23andMe Inc. today announced that it has inked a $400 million deal to acquire Lemonaid Health Inc., a provider of telehealth and online pharmacy services. Publicly traded 23andMe said it will finance the deal with a combination of cash and stock. A quarter of the $400 million price tag will be paid ...
Seagate’s shares jump after quarterly profit more than doubles
Shares of Seagate Technology Holdings PLC, a major maker of hard drives for enterprise and cloud data centers, jumped more than 5% today after the company posted quarterly results that topped analyst expectations. Seagate has been in business for more than four decades. The company surpassed $100 million in revenues within just a few years ...
Google lowers Play Store fees for Android app developers
Google LLC today announced plans to lower fees for subscriptions and digital goods sold through its Play Store app marketplace. Currently, Google applies a commission of between 15% and 30% to subscriptions sold via the Play Store. The search giant charges developers a 30% fee in the first year after a user purchases a subscription, ...
Sequoia leads $250M round for employee management startup Rippling
Rippling today announced that it has raised $250 million in funding at a $6.5 billion valuation to continue scaling up its employee management platform, which enables companies to streamline a variety of tasks ranging from worker training to device cybersecurity. Sequoia Capital led the round through its Global Equities and Global Growth fund. The storied ...
New Relic debuts CodeStream to speed developers’ troubleshooting workflow
New Relic Inc. today introduced New Relic CodeStream, a new service that will enable developers to use a single interface to perform tasks for which they previously needed to keep multiple tabs open. CodeStream is based on technology that New Relic obtained through the acquisition of a venture-backed startup of the same name. The deal ...