VMware (VMW) parted with $1.3 billion three years ago to acquire Nicira, a software-defined networking company. Now, VMware is beginning to show that it made the right decision. The company recently said that it was eyeing $1 billion in the current year from the sale of a product made possible by its Nicira acquisition. The product is called NSX, and it’s aimed at companies that want to save money and effort in adjusting their network infrastructures to align with their needs.
At CiscoLive in Melbourne, Cisco and IBM announced new solutions for their joint converged infrastructure, VersaStack. The new solutions incorporated in will extend hybrid cloud capabilities. These newly incorporated solutions will also take advantage of the latest software defined storage technologies to address cloud-scale applications.
BETSOL, provider of enterprise technology products and managed services, acquired Carbonite, Inc.'s Rebit6 and Rebit Unlimited products and certain related assets. Aimed at both consumer and enterprise customers, the Rebit software excels at making backup simple. The solution combines cloud and local integration, delivering automatic and CDP without the need for complex setup, configuration, and scheduling.
Leonovus Inc.http://www.leonovus.com raised gross proceeds of $1.3 million in the initial closing of its previously announced non-brokered private placement for units of the company at a price of CDN $0.05 per unit. Each unit is comprised of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one common share at a price of CDN $0.10 per common share for a period of 24 months from the d...
While the tech world was stunned by Cisco's surprise $3.7 billion purchase of AppDynamics this week right before AppDynamics had its IPO, that's only part of the drama around Cisco this week.
Hedvig, Inc. announced the close of a $21.5 million series C funding round with new investments from EDBI, the dedicated investment arm of the Singapore Economic Development Board and Hewlett Packard Pathfinder, part of Hewlett Packard Enterprise (HPE). The round also included expanded investments from Atlantic Bridge Ventures, including its Oman Technology Fund, and contributions from existing investors True Ventures and Vertex Ventures.
Axway, a catalyst for transformation, announced the all-cash acquisition of Syncplicity LLC, in enterprise file sync and share (EFSS) solution that provides users with the experience and tools for secure collaboration.
Security company Palo Alto Networks announced that it has acquired privately held security company LightCyber for $105 million in cash. LightCyber makes an automated behavioral analytics technology that uses machine learning to identify attacks based on behavioral anomalies inside the network.
CA Technologies (NASDAQ:CA) today announced it has signed a definitive agreement to acquire Veracode, a leader in securing web, mobile and third-party applications across the software development lifecycle, for approximately $614 million in cash. The transaction is expected to close in the first quarter of fiscal year 2018, and is subject to customary closing conditions, including regulatory approvals.
Promise Technology Inc. alerts its customers and partners in rich media markets that the company is no longer being represented anywhere by Symply Inc. As of March 2, 2017, Promise acquired the sales and support of all current Symply products and will resume sales of Promise branded rich media products.