Paul Gillin
Latest from Paul Gillin
Government app builder CSDC lands $30M investment
BuildGroup Management LLC, a venture capital firm led by former Rackspace Inc. Chief Executive Lanham Napier (pictured), has invested $30 million in Toronto’s CSDC Systems Inc., a 27-year-old Mississauga, Ontario-based developer of applications for government. The investment will fund customer growth, product expansion, support services and rapid technology deployment. CSDC has worked with more than 50 ...
Datto scoops up Open Mesh to expand network appliance line
Cloud business continuity, backup and recovery firm Datto Inc. has acquired Open Mesh Inc., a maker of plug-and-play wireless mesh networks that organizations can use to build Wi-Fi networks in spread-out premises such as hotels and apartment buildings. Datto will integrate the acquired company’s Ethernet switching and access point technologies into its line of Datto Networking ...
The key to success in cloud computing, says survey: Plan ahead
A new survey by cloud service management firm CloudHealth Technologies Inc. finds that companies that plan their journey to the cloud and appoint a steward to oversee it enjoy more than twice the revenue growth of those that don’t. That translates into an average 35 percent year-over-year increase in the top line. These companies, which ...
Microsoft results top estimates as cloud revenues surge 95 percent
Microsoft Corp. beat revenue and profit estimates in its fiscal second quarter, buoyed by impressive growth in its Azure cloud computing business and strong gains in the cloud-based Office 365 productivity suite. Revenues of $26.1 billion eclipsed analyst consensus estimates of $25.3 billion and were slightly ahead of the $25.7 billion reported a year ago. Earnings ...
IBM to support Google-developed TensorFlow machine learning library
The TensorFlow machine learning framework that Google Inc. released under an Apache open-source license in late 2015 just gained an important endorsement: IBM Corp. said today that it will support TensorFlow 0.12 on its PowerAI machine learning platform. IBM introduced PowerAI late last year as a general-purpose complement to its Watson natural language question answering computer, ...
It’s another earnings blowout for ServiceNow
Red-hot information technology service management provider ServiceNow Inc. beat every metric that matters today as it announced stronger-than-expected fourth-quarter results. Highlighting the quarter at the Santa Clara, California-based company were a 41 percent jump in subscription revenues and 35 percent growth in total revenues. Full-year sales of $1.39 billion grew 38 percent over the previous year, an impressive ...
SAP beats estimates on cloud strength, raises outlook through 2020
Continuing to escape the malaise that has hit much of the legacy information technology industry, application software giant SAP SE posted healthy fourth-quarter earnings on a 40 percent jump in bookings for its cloud computing offerings and a 47 percent surge in its cloud backlog to $5.8 billion. The company also raised its guidance through ...
Kinetica rolls machine learning libraries into its GPU-powered database
In-memory database maker Kinetica Db Inc. today is adding in-database analytics via user-defined functions to its namesake product, enabling machine learning and artificial intelligence libraries such as TensorFlow, BiDMach, Caffe and Torch to run directly inside the database, rather than requiring a time-consuming process for extracting, transferring and loading the data. The company, whose distinction is its ...
Adaptive Insights CEO: Why corporate performance management will disrupt financial forecasting
The annual corporate financial plans that have long been a business staple seem almost quaint in the context of today’s breakneck business pace. The hottest new concept is corporate performance management, known as CPM, an evolution of business intelligence that gathers data from around the organization in a closed-loop process of continuous adjustment. The intent is ...
Tricentis hauls in huge $165M funding round to automate software testing
The software testing market isn’t generally thought of as a hotbed of venture capital investment, but Tricentis GmbH is aiming to put that image to rest with today’s announcement of a massive $165 million series B financing round led by Insight Venture Partners. The announcement is all the more remarkable given that the Vienna, Austria-based firm’s ...