Maria Deutscher
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CLOUD SPECIAL REPORT
Hitachi to acquire Rean in bid to establish a stronger cloud presence
Less than 48 hours after Atos SE inked a $3.4 billion deal to acquire Syntel Inc., the information technology services market is seeing some more consolidation. Hitachi Ltd. today announced plans to buy Rean Cloud LLC, a systems integrator that specializes in public cloud projects. The deal is being carried out by Hitachi’s Vantara division, which emerged from the merger of the company’s ...
Rescale, a cloud simulation startup backed by Jeff Bezos, snags new $32M round
Rescale Inc., a startup harnessing the public cloud for scientific simulations and other complex workloads, today announced that it has raised $32 million in fresh funding. The round was led by Keen Venture Partners, SineWave Ventures and Reddit Inc. co-founder Alexis Ohanian’s Initialized Capital. Rescale previously raised over $20 million from a group that included ...
IT services giant Atos inks $3.4B deal to acquire Syntel
Atos SE, a major player in the global information technology services market that closed 2017 with revenue of nearly $15 billion, is growing its reach. The French company on late Sunday announced that it has inked a deal to acquire industry peer Syntel Inc. for $3.4 billion. The sum breaks down to $41 per share, ...
Qualcomm claims 5G breakthrough with new penny-size mobile antennas
Qualcomm Inc. today debuted two penny-size antenna modules that bring high-speed 5G connectivity a big step closer to reality. The term 5G covers a set of standards currently being implemented by carriers, handset makers and others to deliver faster wireless internet for consumers. It’s estimated that networks based on the technology will be capable of ...
Google, Facebook, Microsoft and Twitter launch open-source initiative to free users’ data
Four of the world’s largest tech companies are teaming up on a new open-source initiative designed to make the web more competitive. Google LLC, Facebook Inc., Microsoft Corp. and Twitter Inc. today formally launched the Data Transfer Project to provide tools for moving data among online platforms. They argue that making it easier to switch services ...
As robotic process automation takes off, UiPath hits $100M in recurring revenue
A corner of the software market known as robotic process automation has started experiencing rapid growth thanks to a surge in enterprise adoption. The valuations of the leading players are jumping in lockstep. This fast-rising, and increasingly important, industry today hit a key milestone after UiPath Inc., one of those leading players, announced that it has ...
SAP beats earnings forecasts after cloud revenue soars 40 percent
Thanks to strong growth in cloud services, SAP SE today beat Wall Street expectations on both revenue and profit for its second quarter. The software maker, Europe’s most valuable tech firm, saw revenue climb 10 percent at constant currency to 6 billion euros ($6.96 billion). Analysts polled by Bloomberg expected 5.88 billion euros. SAP’s sales also topped the ...
Okta acquires security startup ScaleFT to advance ‘zero trust’ access
Okta Inc., a provider of identity management services that help enterprises control who accesses their systems, today announced that it has acquired security startup ScaleFT Inc. for an undisclosed sum. The San Francisco-based startup offers a platform for implementing so-called “zero trust” security. It’s an emerging approach to protecting infrastructure that may receive a significant boost now that ScaleFT ...
EU slaps Google with record $5B fine for bundling its apps with Android
The European Union today fined Google LLC a massive €4.34 billion, or $5 billion, after finding that the technology giant has abused Android’s market dominance. The record penalty concludes a yearslong investigation that centered on how Google licenses the operating system to handset makers. According to the EU, the company has made partners’ access to ...
IBM demands $167M from Groupon over alleged patent infringement
IBM Corp. on Monday afternoon asked a jury to grant it $167 million in damages from Groupon Inc. over the deals website’s alleged infringement of its intellectual property. The request came as part of opening arguments in what is set to be a two-week trial. IBM originally filed suit against Groupon in 2016, alleging that ...