Department of Homeland Security Licenses TIBCO Software in Multimillion Dollar Deal Palo Alto, CA, October 26, 2011 - TIBCO Software Inc. (NASDAQ: TIBX) today announced a multimillion dollar transaction by the Department of Homeland Security (DHS) for TIBCO software products. TIBCO technology will be used by DHS’s National Protection and Programs Directorate’s National Cyber Security Division to protect and defend the federal executive branch civilian networks – also referred to as the dot-gov domain. DHS efforts are focused on enhancing the cyber security posture of the nation by improving their capacity to prevent, identify, respond to and recover from cyber threats.
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IT Workers Will Survive In a World on the Cloud You must have heard of the phrase, “Form is temporary, class is permanent,” This phrase is often used to defend a sportsperson with an impressive history of achievements who experiences a terrible loss of form, leading to doubts being raised about his ability. I would like to say, on the same lines, “Jobs are temporary, work is permanent”. Allow me to explain this with regards to cloud computing. One of the greatest fears about the rise of cloud computing is the risk of job obsolescence. People employed in the IT
AboveNet Enables Access to AWS Cloud Platform AboveNet has become an Amazon Web Services (AWS) Direct Connect Solution Provider to help provide high performance access to the AWS cloud platform. AboveNet, a provider of high bandwidth connectivity solutions, has signed an agreement with AWS to this end. The company notes that companies of all sizes can leverage AWS Direct Connect to benefit from a web services platform in the cloud. Customers can use compute power, storage, and enjoy other services-gaining access to a suite of elastic IT infrastructure services to keep up with business demand. Following this agreement, AWS customers
Cloud Computing: Risks vs Benefits – Part 2 In Part 1 of this two-part article, I discussed the context in which, in spite of some drawbacks, cloud computing made sense in the long run (See: Cloud Computing: Risks vs Benefits – Part 1). In the second and concluding part, I carry this argument further and talk about some opposing points of view. I would like to introduce the concept of BATNA at this point. BATNA, or the best alternative to a negotiated agreement, is a concept in negotiation theory that defines the course of action that will be taken by
What Does Verizon Expect from the CloudSwitch Acquisition? Verizon is betting big on cloud computing. After this year’s $1.4 billion acquisition of data center operator Terremark, Verizon has once again loosened its purse strings to buy cloud computing startup CloudSwitch. The latter develops software that eases the transition of company applications from in-house servers to the cloud. So, what does Verizon expect from this acquisition? For one, Verizon expects to use CloudSwitch’s capabilities to offer its customers seamless migration to the cloud. CloudSwitch integrates with cloud providers’ public application program interfaces (APIs) to make moving an application or workload to the cloud
8×8 Acquires Cloud Call Center Services Provider Contactual 8×8 has acquired cloud-based call center and customer interaction management solutions provider Contactual acting on its intent to buy the company on September 12, 2011. Headquartered in Redwood City, California, Contactual provides small businesses and enterprise departments with an efficient way to improve customer satisfaction while lowering costs. The company has been acquired for 6,700,000 shares of unregistered 8×8 common stock on September 15, 2011. The companies note that this share amount was reduced at closing by 215,100 shares as 8×8 agreed to pay statutory tax withholding on behalf of five former
FireHost, Inc. Secures $10 Million in Series B Funding Led by The Stephens Group, LLC Investors Confident in FireHost’s Position as the Go-To Cloud Host for Security (DALLAS, TX – Sept. 15, 2011) — FireHost, a secure cloud hosting company, announces today a growth investment by The Stephens Group, LLC, as well as earlier-round investors. This capital infusion validates FireHost’s position that security is a top priority for businesses using the cloud and will help the company scale rapidly in the next 12 months, including an expansion to Europe. FireHost has strategically positioned itself as the premium managed hosting provider
What Ails The Rackspace Stock? Rackspace US, Inc. (NYSE: RAX), a IT hosting company based in San Antonio, Texas, has long been a darling of the cloud computing industry. Established in 1998 and gone public in 2008, Rackspace is one of the early success stories of the cloud computing revolution. However, its recent stock performance, in spite of revenue increases, has given investors cause for worry. Here’s an analysis of the situation. The following table from stock analysis website The Street brings into focus the relative non-performance of Rackspace in stock ROI as compared to other parameters. Like many tech
