by cloudtweaks on August 27, 2010
in Cloud Computing, Invest, IT, News, Partnerships, Press Release, Stocks, Storage, Technology, Venture Capital
Revised Transaction Valued at Approximately $1.8 Billion FREMONT, CA–(Marketwire – August 27, 2010) – 3PAR® (NYSE: PAR), the leading global provider of utility storage, today announced it has accepted a matching offer to be acquired by Dell for a price of $27 per share, or approximately $1.8 billion, net of 3PAR’s cash. Accordingly, 3PAR and Dell have signed a second amendment to their previously announced merger agreement reflecting the new offer price, and maintaining the termination fee unchanged at $72 million, which is payable in the event that 3PAR receives and accepts another unsolicited acquisition proposal that its board determines
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by cloudtweaks on August 26, 2010
in Business, Cloud Computing, Host, Invest, IT, Press Release, Security, Stocks, Storage, Technology, Venture Capital
(Reuters) – Hewlett-Packard Co (HPQ.N) said on Thursday it would acquire Stratavia, a private company that makes software to manage databases and has applications in cloud computing. Financial terms of the deal were not disclosed. HP said in a statement that Stratavia will make HP’s Software and Solutions portfolio stronger with its software that helps support the infrastructure of “cloud computer environments.” Stratavia, based in Denver, also helps in database automation, which makes it easier for companies to maintain servers. Aaron Rakers, a Stifel Nicolaus & Co analyst, said Stratavia’s database warehousing software can be applied to cloud computing, and
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by cloudtweaks on August 24, 2010
in Apps, Awards, Cloud Computing, Computing, Host, Invest, IT, SaaS, Startups, Stocks, Storage, Technology, Tools, Venture Capital
10 Cloud Computing Startups that you may or may not have heard of… Tap In Systems They offer Management of Your Cloud Services. This gives you control over your virtual infrastructure, automating the deployment of cloud services around your IT policies. Keep your applications running smoothly by monitoring all your cloud services with a single management system that is integrated with your operational processes. WolfNetworks WOLF is a browser based On Demand Platform-as-a-Service (PaaS) for rapidly designing and delivering database driven multi-tenant Software-as-a-Service (SaaS) applications. CloudLab Offers Cloud Services, Hybrid and Dedicated Clouds. They make it possible for your business
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by cloudtweaks on August 24, 2010
in Awards, Business, Cloud Computing, Host, Invest, Open Source, Security, Storage, Technology, Venture Capital
Reuters Press Release Nimbula, a provider of cloud-computing services, raised an additional $15 million in venture capital funding in a second round led by Accel Partners on Monday. It plans to use the money to promote market adoption of its on-demand computing service. Accel Partners snagged a spot on the company’s board of directors, which will be filled by the Accel partner Ping Li, a cloud-computing specialist who has also backed Cloudera and BitTorrent, among others. The company bills itself as a provider of a more private and customizable version of online retailer Amazon.com’s on-demand service, which charges users hourly rates
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by cloudtweaks on August 23, 2010
in Apps, Business, Cloud Computing, Computing, Invest, IT, SaaS, Security, Storage, Technology, Trends
by James Urquhart with CNet It is fascinating the ways in which the world of computing can be made easier, thus creating opportunity for new complexities–usually in the form of new computing technologies. It’s happened with programming languages, software architectures, computer networks, data center design, and systems virtualization. However, nothing has raised the bar on that concept like IT automation. You may have been expecting to hear the term “cloud computing,” but cloud is just an outcome of good automation. It’s an operations model–a business model to some–that was only made possible by a standardization of the core elements of
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by cloudtweaks on August 21, 2010
in Apps, Business, Cloud Computing, Host, Invest, IT, News, Press Release, Security, Stocks, Storage, Technology
Intel announced today that it will acquire McAfee, maker of anti-virus and other security software, for $7.68 billion in cash, or $48 per share. The per share price is 60 percent more than McAfee’s $29.93 closing price on Wednesday. McAfee shares jumped 58 percent after the deal was made public to $47.42 in pre-market trading, while Intel shares dipped 2.5 percent to $19.11, the AP reports. The boards of both companies have unanimously approved the deal, but it’s still pending McAfee shareholder and regulatory approval. Intel said the deal “reflects that security is now a fundamental component of online computing.”
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by cloudtweaks on August 13, 2010
in Cloud Computing, Computing, Host, Invest, IT, News, Press Release, Security, Stocks, Technology, Venture Capital
4Base Technology Will Help Customers Move Quickly, Pragmatically and Successfully from Virtualization to Cloud by Providing Strategic Advice and Implementation Expertise ISLANDIA, N.Y., Aug. 12 /PRNewswire-FirstCall/ — As part of its continued investment in virtualization and cloud management, CA Technologies (Nasdaq: CA) today announced the acquisition of privately-held 4Base Technology, a virtualization and cloud infrastructure consulting firm. Terms of the transaction were not disclosed. 4Base will become the CA Virtualization and Cloud Strategy group, a competency practice within the CA Services division. With experience in more than 300 engagements, 4Base will help customers move quickly, pragmatically and successfully from virtualization
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Cisco Systems CEO John Chambers on Wednesday reported strong revenue and profit — as well as thousands of new hires around the globe, including hundreds in San Jose — but his upbeat comments came amid “mixed signals” from customers nervous about the wobbly global economy. On a day markets plunged on worries about a stalling economic recovery, Cisco, the San Jose maker of the plumbing for the Internet, reported a $1.9 billion profit for its fourth quarter, a 79 percent increase from the same period a year earlier. Earnings were 33 cents a share, or 43 cents a share excluding
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Cloud Growth – Cisco posts 79 percent jump in quarterly profit
by cloudtweaks on August 12, 2010
in Business, Cloud Computing, Invest, IT, Stocks, Technology, Trends
Cisco Systems CEO John Chambers on Wednesday reported strong revenue and profit — as well as thousands of new hires around the globe, including hundreds in San Jose — but his upbeat comments came amid “mixed signals” from customers nervous about the wobbly global economy. On a day markets plunged on worries about a stalling economic recovery, Cisco, the San Jose maker of the plumbing for the Internet, reported a $1.9 billion profit for its fourth quarter, a 79 percent increase from the same period a year earlier. Earnings were 33 cents a share, or 43 cents a share excluding
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