Paul Gillin
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VMware picks longtime executive Raghuram as new CEO
VMware Inc. today chose a longtime insider to lead the company through a major product line makeover and an impending spinoff from parent Dell Technologies Inc. Raghu Raghuram, 58, is currently executive vice president and chief operating officer of products and cloud services. He will take over as chief executive on June 1 following the departure ...
Legion raises $50M to change the rules of hourly workforce scheduling
Legion Technologies Inc., a maker of software for scheduling hourly workforces, today announced it has raised $50 million in a Series C funding round, bringing its total funding to $85.5 million. The Redwood City, California-based company said it grew nearly 400% last year, fueled by the need for businesses to schedule their hourly workers more ...
Talend CEO sees private equity sale as a pit stop on the way to new growth
Talend SA missed analysts’ earnings-per-share in its just-reported first quarter, but the stock barely moved because the announcement was purely academic: The data integration services provider agreed to a $2.4 billion buyout offer from private equity firm Thoma Bravo LP in March and expects to exit the public market in the third quarter. Selling to ...
Dell Technologies embraces ‘as-a-service’ delivery across its product portfolio
Dell Technologies Inc. is kicking off its Dell Technologies World conference today by marking its entry into as-a-service delivery of its products, saying it intends ultimately to make its entire product portfolio available on a subscription basis. Dell is following in the footsteps of other big infrastructure providers such as Hewlett Packard Enterprise Co., Cisco ...
Five9 shares jump on strong growth, higher forecast
Cloud contact center provider Five9 Inc. continues to roll, comfortably beating Wall Street expectations on revenue and earnings in its first fiscal quarter and raising guidance for year. Revenue rose 45% from the first quarter of 2020, to $137.9 million. Net income of $16.1 million, or 23 cents per diluted share, was also up 45%. ...
Gartner sees low-code app development leading strong growth in ‘hyperautomation’ tools
Saying that the category of software it calls “hyperautomation” has “shifted from an option to a condition of survival,” Gartner Inc. predicts the worldwide market for technology that enables hyperautomation will reach $596.6 billion in 2022, up nearly 24% from last year. That includes 54% growth in what the research firm calls “process-agnostic” tools such ...
Microsoft vanquishes estimates but investors beat down shares after-hours
The rich get richer. On a day when Microsoft Corp. briefly became only the second company to be worth $2 trillion, it announced fiscal third-quarter earnings and revenue that easily beat analysts’ estimates. But its stock fell more than 2% in after-hours trading as investors took profits following a 13% run-up in the previous month. ...
VMware now lets developers provision virtual machines within Kubernetes environments
VMware Inc. is tightening its embrace of the Kubernetes orchestrator for software containers today with the release of the Virtual Machine Service for its VMware vSphere 7 virtualization platform, which also incorporates its Tanzu application modernization portfolio. The feature is intended to make it easier for application developers working with software containers to provision their ...
IBM’s new software-defined storage is optimized for software containers
IBM Corp. today announced container-native software-defined storage and, by association, its entry into the hyperconverged infrastructure market with an appliance of its own making. The company is also revamping its model ESS 5000 subsystem with 10% greater storage capacity and introducing a new ESS 3200 array that has double the read performance of its predecessor. ...
Cigent scores $7.6M for its file-level security technology
Cigent Technology Inc. today said it closed a $7.6M Series A funding round to develop and sell its technology that protects against ransomware, data theft and malicious insider attacks by applying security at the file level. Cigent Data Defense uses both software and hardware to prevent data from being stolen even after a network has ...