Microchip and Microsemi announced the $10 billion-plus deal late Thursday. Under a definitive agreement, Microchip will buy Microsemi for $68.78 per share in cash. The acquisition price has an equity value of $8.35 billion and a total enterprise value of $10.15 billion after accounting for Microsemi's cash and investments, net of debt.
Imanis Data, the creator of a machine learning-based data management platform that includes cloud migration and backup/recovery tools for modern data platforms, today announced that it has raised $13.5 million in capital and named John Mracek as its new CEO.
Splunk, a company that taps machine data for operational insights, is buying Phantom Cyber, a provider of security orchestration, automation, and response (SOAR) for about $350 million in cash and stock. The acquisition is expected to close during the first half of 2018.
Cloudian Secures Funding Commitment of $125 Million in Joint Venture with Digital Alpha to Power Enterprise Object-Storage Growth
Cloudian today announced a $125 million joint venture with Digital Alpha to accelerate adoption of Cloudian’s enterprise object storage systems. The joint venture includes a utility financing facility of up to $100 million from Digital Alpha and its Limited Partners to enable flexible procurement options to accommodate customers’ rapidly growing storage environments.
Software defined data center player Nutanix announced that it's acquiring Minjar, makers of Botmetric, a cloud management service for cost analysis, security and automation.
Global Internet service provider GTT Communications is buying London-based Interoute, operator of one of Europe’s largest independent fiber networks and cloud networking platforms, for about $2.3 billion in cash.
Global Consumer Storage Devices Market to Increase to $18.8 Billion by 2025 – Persistence Market Research
According to a market report published by Persistence Market Research titled Consumer Storage Devices Market: Global Industry Analysis (2012 - 2016) and Forecast (2017 - 2025) (261pages), the consumer storage devices market was valued at $ 14,250.6 million in 2016 and is projected to reach $18,796.5 million by 2025 end, registering a CAGR of 3.3% from 2017 to 2025.
Losant, a US-based startup that helps enterprises build IoT solutions, prepares itself to meet the surging demand for next generation connected solutions by securing a sum of $5.2 million in a Series A financing round.
Security startup Vectra closed a $36 million Series D funding round, bringing its total funding to $123 million. The company will use the latest investment to help build a research and development center in Dublin as it pushes its artificial intelligence (AI)-based platform into the global market.
Network performance provider Accedian acquired Performance Vision, a France-based application performance monitoring (APM) and network performance monitoring (NPM) vendor. Terms of the deal were not disclosed.