OwnBackup Secures $7.5 Million Series B Investment

OwnBackup, a leading Software-as-a-Service (SaaS) application backup and restore vendor, today announced the close of a $7.5 million Series B round led by Insight Venture Partners, a New York-based private equity and venture capital firm and one of the world’s largest investors in high-growth software companies. Existing investors Innovation Endeavors, Oryzn Capital, and Salesforce Ventures also participated in the round, which constitutes a minority equity stake.
read more

Symantec to Acquire Fireglass to Bring a Generational Leap Forward in User Protection

Symantec, the world’s leading cyber security company, today announced that it has entered into an agreement to acquire Israel-based Fireglass, the leading agentless isolation solution that eliminates ransomware, malware and phishing threats in real-time by preventing potentially harmful content from ever reaching user endpoints or the corporate network. With this acquisition, Symantec further strengthens its Integrated Cyber Defense Platform and dramatic...
read more

Teradata Acquires San Diego-based Start-up StackIQ

Teradata (NYSE: TDC), the leading data and analytics company, today announced the acquisition of StackIQ, developers of one of the industry’s fastest bare metal software provisioning platforms which has managed the deployment of cloud and analytics software at millions of servers in data centers around the globe. The deal will leverage StackIQ’s expertise in open source software and large cluster provisioning to simplify and automate the deployment of ...
read more

Cisco Announces Intent to Acquire Observable Networks, Inc.

The ability to dramatically improve visibility, security and response capabilities across an entire IT surface, including highly distributed branch environments and public cloud infrastructures, is becoming increasingly important as companies and organizations continue their digital transformation. With this in mind, I am pleased to announce Cisco’s intent to acquire Observable Networks, a privately held software company headquartered in St. Louis. Obser...
read more

Arcserve Acquires Zetta

Today marks an important milestone toward Arcserve’s transformation of the data protection industry. I am very pleased to announce that we have completed the acquisition of Zetta and that we are now operating as one company. Arcserve has expanded its cloud capabilities to offer direct-to-cloud backup and disaster recovery as a service (BaaS, DRaaS), making Arcserve Unified Data Protection (UDP) the most complete backup and disaster recovery solution t...
read more

Data Protection & Recovery Solution Market Worth $14.1 Billion by 2025

The global data protection and recovery solution market is expected to reach USD 14.1 billion by 2025, according to a new study by Grand View Research, Inc. The growing adoption of cloud computing by organizations is leading to increased data management concerns. Data migration to the cloud is resulting in a rise in threats such as data loss, unauthorized data processing, and theft. Increasing adoption of digital transformation is driving the demand for...
read more

HyTrust Acquires DataGravity

HyTrust, Inc., a leading workload security provider, today announced the acquisition of DataGravity, a data visibility and security company, to further automate and enhance security policy enforcement for workload data. The acquisition brings new data discovery and classification expertise that expand HyTrust data security solutions focused on protecting workload data. Terms of the deal were not disclosed, but members of the DataGravity team will be joinin...
read more

HyTrust Raises $36 Million In Series E Funding Led by Advance Venture Partners

HyTrust, Inc., a leading workload security provider, today announced that it has closed $36 million in new funding led by Advance Venture Partners (AVP) with participation from existing venture capital firms and strategic investors. The company will use this latest round of investment to expand its sales and marketing efforts, and to fund new product development. The company will also utilize a portion of the proceeds to fund the acquisition of DataGravity...
read more

Security for Cloud and IoT is a Growing Concern for IT and Executives

Cloud and Internet of Things (IoT) security exploits are a growing concern for enterprises as an increasing number of companies push deeper into the use of public and hybrid cloud services. According to a new report and survey released by Black Hat, enterprise IT department concerns over attacks or exploits on cloud services, applications, or storage systems increased from 11 percent last year to 15 percent this year. At the executive level, concern inc...
read more

FTC Worries that Broadcom’s Purchase of Brocade Creates a Fibre Channel Switch Monopoly

The Federal Trade Commission will likely approve Broadcom’s $5.9 billion acquisition of Brocade, but with conditions to prevent “anticompetitive effects.” The FTC is concerned that once Broadcom owns Brocade’s fibre channel switches, it will essentially have a monopoly on the market that provides the ASICS for those types of switches.
read more
1 2 3 44