Maria Deutscher
Latest from Maria Deutscher
OpenStack Startup Mirantis Receives $10M Boost from IT Leaders
The rapid adoption of OpenStack in the enterprise has not gone unnoticed by the movers and shakers of the IT industry. The big vendors are elbowing each other for every chance to grow their presence in the open-source community, and there is no shortage of opportunity. Thursday morning, OpenStack integration specialist Mirantis announced that it ...
Accenture Scores Former HP Labs Boss Prith Banerjee
Accenture revealed that it has hired IT superstar Prith Banerjee to head its research and development arm, which “looks at the future of enterprise IT and makes recommendations for how companies can take advantage of technology.” As the new managing director of Global Technology Research & Development for Accenture’s Technology Growth Platform, Banerjee will direct ...
Panzura Ready to Scale Early Success with Open Frameworks, Raises $25M for Application Network Storage
Panzura, a Campbell, California-based provider of enterprise cloud technology, just announced that it has closed a $25 million funding round led by late-stage investor Meritech Capital Partners. Existing backers Matrix Partners, Khosla Ventures, Opus Capital and Chevron Technology Ventures also contributed in the well-attended round, bringing Panzura’s total funding to an impressive $58 million. Meritech ...
SAP Picks Up E-Commerce Startup Hybris
Business intelligence behemoth SAP just acquired Hybris, a provider of cross-platform e-commerce and financial data management solutions. The Zug, Switzerland-based firm says that its software is used by over 500 enterprises, including General Electric, Thomson Reuters, Hennes & Mauritz (H&M), and Ericsson. Hybris raked in $85 million over the last 12 months. The terms of ...
Dell Takes Storage Tiering to Next Level with New Flash Solutions
Dell announced a number of new products on Day Two of its Enterprise Forum in San Jose, including two major additions to its Compellent storage lineup and the latest release of its flagship file system. Version 6.4 of Compellent Storage Center introduces an ‘intelligent data placement’ engine that distinguishes high-performance flash from lower quality variants. ...
On a Short Leash : Bloomberg Launches $75M Fund with Early-Stage Concerns
Bloomberg has appointed former IGN boss Roy Bahat to head Bloomberg Beta, its newly formed venture capital fund. The $75 million VC’s investment team includes former Trinity Ventures principal James Cham and Bloomberg business development guru Karin Klein. Bloomberg Beta is focused on creating and funding early-stage startups that specialize in Big Data, technology platforms, ...
QLogic Hopes to Streamline Operations by Reducing Workforce
On Tuesday networking equipment provider QLogic announced a company-wide restructuring initiative designed to “streamline business operations with the goal of driving long-term profitable growth.” The plan includes R&D cutbacks and a major round of layoffs scheduled for the first half of fiscal year 2014. QLogic didn’t disclose how many employees will be issued pink slips, ...
According to MeriTalk, Government Agencies Suck at Backup
The latest study from MeriTalk reveals that the federal government is not doing enough to keep its data safe. The report, entitled “Disaster Unpreparedness,” indicates that the majority of government agencies are struggling with data protection, backup and disaster recovery. Only eight percent of the federal IT professionals who participated in MeriTalk’s survey said they ...
Salesforce to Shell out $2.5 BILLION for ExactTarget
Salesforce.com has entered a definitive agreement to acquire ExactTarget, a provider of cloud-based social media marketing solutions. Under the terms of the deal, the CRM giant will pay $33.75 per share for the Indianapolis-based firm, a 52 percent premium over its stock’s Monday closing price of $22.10. The all-cash transaction is valued at approximately $2.5 ...
Slew of New Products Unveiled @ Dell Enterprise Forum 2013
Dell wasted no time on Day 1 of its week-long Enterprise Forum in San Jose. The company unleashed an array of new products and announced an important strategic partnership with Oracle, which finally set its eyes on the hyperscale market. Dell augmented its lineup with a set of Active System appliances that sport Active System ...