Paul Gillin
Latest from Paul Gillin
Just two weeks after SAS Institute Inc. reportedly backed out of talks to be acquired by Broadcom Inc., the company today issued a statement saying it plans to go public in 2024. The company said it will begin to take preparatory steps …
Strong sales growth calms nervous ServiceNow investors
ServiceNow Inc. today reported second-quarter revenue of $1.41 billion, well above analysts’ estimates of $1.36 billion and up 32% year-over-year. Profit of $1.42 per share also exceeded the $1.21 consensus. The results were driven by 27% growth in subscription revenues, to $1.33 …
Noetic Cyber emerges from stealth with security monitoring using a graph database
Noetic Cyber, a firm founded by three veteran cybersecurity entrepreneurs, launched out of stealth mode today with $20 million in a Series A funding and an agentless technology that continuously monitors information technology assets and their relationships with each other. The company’s …
Microsoft blows past earnings estimates on continuing strong cloud growth
Microsoft Corp. continued its recent record of smashing earnings expectations with fiscal fourth-quarter results that handily beat analyst estimates on growth in its cloud business that has accelerated since last quarter. The company reported sales of $46.2 billion today, up 21% from …
‘Digital twin’ developer Matterport goes public through SPAC transaction
Matterport Inc., a maker of three-dimensional cameras and spatial data software, went public today on the Nasdaq exchange in a $640 million transaction with special-purpose acquisition company Gores Holdings VI Inc. A SPAC is essentially a publicly held shell company that is …
Software AG says it has turned the corner in shift to a subscription business
Saying that a two-year campaign to transition its business from license to subscription revenue is bearing fruit, Darmstadt, Germany-based Software AG today said its second-quarter revenues grew 10%, to $257.4 million in constant currency, driven by a 17% jump in product revenue and …
Google’s Looker facelift aimed at enhancing developer appeal
Google LLC is giving the Looker business intelligence platform it acquired early last year a major upgrade. A new release announced today features a developer portal, support for Microsoft Corp.’s Azure hosting, an interactive means to explore application programming interfaces and incremental persistent derived …
Dremio’s data lake query engine is now a managed cloud service
Dremio Corp., developer of a self-service data analytics technology based on the Apache Arrow in-memory columnar data processing framework, today announced a version of its product delivered as a managed cloud service. Dremio Cloud leverages a no-copy data architecture that enables analytics …
Snowflake edges into security market through Securonix partnership
In a move that a Snowflake Inc. executive described as the company’s entry into the cybersecurity market, the data cloud company today announced an alliance with Securonix Inc., maker of a cloud-native security information and event management system. The deal is a …
Pure Storage makes FlashStack converged platform available as a service
Pure Storage Inc. today expanded its storage as-a-service options to include its FlashStack converged infrastructure product and also modified its Portworx cloud storage service to align costs to actual hours of usage. FlashStack, which was jointly developed by Pure Storage and Cisco Systems Inc. is …