Maria Deutscher
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Report: Vista Equity Partners could sell Tibco for $7.5B+
Private equity firm Vista Equity Partners is considering selling data management provider Tibco Software Inc. in a deal that could be worth $7.5 billion or more, CNBC reported today. CNBC attributed the information to multiple people familiar with the matter. The $7.5 billion potential price tag was mentioned by one of the sources, though another ...
Alphabet launches robotics venture Intrinsic to train industrial robots with AI
Google LLC parent Alphabet Inc. today announced a new venture, Intrinsic, that will focus on making industrial robots easier and more affordable to use for companies such as manufacturers. Intrinsic is a spinoff from Alphabet’s X research lab. At any given time, the lab works on multiple emerging technology projects. When one of those projects ...
Sophos acquires network threat detection startup Braintrace
Sophos Group PLC today announced that it’s acquiring Braintrace Inc., a startup with technology for detecting malicious data traffic in companies’ on-premises networks and public cloud environments. Sophos is a major cybersecurity provider that has been owned by private equity firm Thoma Bravo since a $3.9 billion acquisition in 2019. For enterprises, the U.K.-based company ...
Shares of database maker Couchbase jump 30% after $200M IPO
Database maker Couchbase Inc. saw its stock price jump more than 30% in its Nasdaq debut this morning, after investors bought aboout 8.3 million shares the day before during the company’s initial public offering. The IPO fetched $200 million for Santa Clara, California-based Couchbase. The figure could rise to about $230 million if the IPO ...
Chip design giant Cadence launches AI platform to speed processor development
Cadence Design Systems Inc. today launched a new artificial intelligence platform, Cerebrus Intelligent Chip Explorer, that it says can improve the productivity of semiconductor engineers and help them develop faster chips. Publicly traded Cadence is one of the world’s top makers of chip design software. Its software is used by Nvidia Corp., Advanced Micro Devices ...
Adobe launches new developer tools for enterprise process automation
Adobe Systems Inc. today launched two new cloud services for building robotic process automation workflows and applications that require the ability to process documents. The new services give Adobe another way to address the rapid adoption of RPA and machine learning among its enterprise customers. Enterprises are investing in automating repetitive business tasks as part ...
Argo AI and Ford will make 1,000 self-driving taxis available via Lyft’s app
Ford Motor Co. and autonomous vehicle startup Argo AI LLC plan to make 1,000 self-driving taxis available to consumers via Lyft Inc.’s ride-hailing app. The companies detailed the project today. The first self-driving taxis will roll out later this year in Miami with safety drivers aboard. The next stop is Austin, Texas, where Ford and ...
Microsoft acquires startup CloudKnox for its multicloud cybersecurity platform
Microsoft Corp. today said that it’s buying CloudKnox Security Inc., a venture-backed startup with a cybersecurity platform designed to reduce the risk of breaches in enterprises’ public cloud environments. The deal will strengthen Microsoft’s multicloud capabilities in a time when its top rivals are also expanding their focus on this area. A sizable portion of ...
SAP posts solid second-quarter results fueled by cloud growth but shares sag
Enterprise software giant SAP SE reported today that its revenue rose 3% during the second quarter, to 6.67 billion euros, thanks in significant measure to a 17% adjusted sales increase achieved by its cloud business. The company expects the cloud business to continue fueling top-line growth in the coming quarters. Together with its second-quarter earnings ...
Lucata raises $11.9M to develop hardware for accelerating graph databases
Startup Lucata Corp. today announced that it has raised $11.9 million in funding to expand industry adoption of its Pathfinder hardware platform, which speeds up graph databases by allowing their code to jump between processors. Graph databases are a type of database that can store not only records such as sales transactions but also contextual ...