It is evident that open-source is becoming a trend. Many enterprises have trusted and embraced open-source services in the last few years. Red Hat Inc. is no exception. Known for its technology consulting services and its Linux operating system, Red Hat has marked significant progress and growth this year. In an interview with The Wall Street Journal, ...

ParAccel Inc., one of the emerging companies in big data analysis, announced the closure of its Series E funding round with Amazon joining in with other ParAccel investors – Menlo Ventures, Mohr Davidow Ventures, Bay Partners, Walden International, Tao Venture Capital Partners and Silicon Valley Bank. The total funding raised has not yet been disclosed, ...

Coming off a partnership with VMware, virtualization startup Virtustream recently announced an additional investment of $10 million of Series B round financing to enhance its virtualization offerings. The company’s Series B funding comes from Intel Capital, Columbia Capital, Noro-Moseley Partners, and TDFunds. This brings Virtustream’s total funding to $59 million in equity capital. In a ...

In a fierce battle in bidding for Nortel patents, it took a consortium of top tech companies to outbid Google.  Apple, EMC, Ericsson, Microsoft, Research in Motion and Sony have teamed up to a pricey bid of $4.5 billion to win 6,000 Nortel patents.  The gaggle of competitors has left Google out in the cold ...

In a meeting with analysts, NetApp CEO Tom Georgens said that server providers like Hewlett-Packard and IBM are “losing ground” in the storage market to companies that primarily focus on that sector. He added that almost no one buys storage from these server companies and those who buys storage are only those who purchased servers ...

Just before officially launching an Android-based tablet, Cisco unveils a first of its kind app platform that would stir up the interest of its upcoming Cius Tablet. The company introduced AppHQ, an application ecosystem that enables enterprise users to create, manage and deploy applications specifically for Cisco Cius. Unlike most tablets which are geared for ...

Ever think of having Skype on your wristwatch? That possibility might not be too far off! Skype has just launched a new SDK named SkypeKit. The development tool consists of a collection of APIs that enables any internet-connected device to run Skype. Ever since launching several years back, Skype has come a long way, finding ...

Yahoo and Benchmark have teamed up to form an independent company Hortonworks. This initiative further increases the investment of developing Apache Hadoop. Horton Works will concentrate its efforts in making Hadoop an enterprise-ready solution, and providing assistance to enterprise vendors. Since its inception, Apache Hadoop has been the leading open source technology in big data ...

It is evident that the daily deals industry is hot. Just ask Groupon with revenue of $760 million last year. The first half of 2011 has passed, and already a lot of things have happened in this sector. Daily deals companies have made significant moves to stay alive, and also thrive. Just recently, Lot18, New ...

For the past few months, there have been a lot of rumors that Yahoo will be launching a separate company that would focus on the development and commercialization of Apache Hadoop. Derrick Harris from GigaOM reports that Yahoo will likely make an official announcement tomorrow, in time for the 4th annual Hadoop Summit at the ...