Carbonite, the online backup and recovery company based in Boston, announced late yesterday that it will be acquiring Webroot, an endpoint security vendor, for $618.5 million in cash. The company believes that by combining its cloud backup service with Webroot’s endpoint security tools, it will give customers a more complete solution. Webroot’s history actually predates the […]
Posted on February 9th, 2019 by admin
Filed under: Uncategorized | No Comments »
The company formerly known as WeWork has come under scrutiny for potential conflict of interest issues regarding CEO Adam Neumann’s partial ownership of three properties where WeWork is (or will be) a tenant. TechCrunch has seen excerpts of the company’s prospectus for investors that details upwards of $100 million in total future rents WeWork will […]
Posted on January 16th, 2019 by admin
Filed under: Uncategorized | No Comments »
While IBM is getting sued by the city of Los Angeles, accusing it of covertly mining user data in the Weather Channel app in the U.S., it’s testing the waters for another hyperlocal weather feature that — coincidentally — relies on data that it picks up from sensors on app users’ smartphones, among other devices, […]
Posted on January 12th, 2019 by admin
Filed under: Uncategorized | No Comments »
Oracle today announced that it has made another acquisition, this time to enhance both the kind of data that it can provide to its business customers, and its artificial intelligence capabilities: it is buying DataFox, a startup that has amassed a huge company database — currently covering 2.8 million public and private businesses, adding 1.2 […]
Posted on October 23rd, 2018 by admin
Filed under: Uncategorized | No Comments »
The Pentagon is going to make one cloud vendor exceedingly happy when it chooses the winner of the $10 billion, ten-year enterprise cloud project dubbed the Joint Enterprise Defense Infrastructure (or JEDI for short). The contract is designed to establish the cloud technology strategy for the military over the next 10 years as it begins […]
Posted on September 30th, 2018 by admin
Filed under: Uncategorized | No Comments »
A week ago rumors were flying that Adobe would be buying Marketo, and lo and behold it announced today that it was acquiring the marketing automation company for $4.75 billion. It was a pretty nice return for Vista Equity partners, which purchased Marketo in May 2016 for $1.8 billion in cash. They held onto it […]
Posted on September 20th, 2018 by admin
Filed under: Uncategorized | No Comments »
Tresorit, the Swiss-Hungarian company that provides end-to-end encrypted “file sync and sharing” for businesses, has closed €11.5 million in Series B financing. The round is led by European growth capital investor 3TS Capital Partners, alongside PortfoLion, a Central European venture capital. A number of existing investors also participated, such as Andreas Kemi, an early investor […]
Posted on September 10th, 2018 by admin
Filed under: Uncategorized | No Comments »
Amazon has a big target on its back these days, and because of its size, scope and impact on local business, critics are right to look closely at tax breaks and other subsidies they receive. There is nothing wrong with digging into these breaks to see if they reach the goals governments set in terms […]
Posted on August 25th, 2018 by admin
Filed under: Uncategorized | No Comments »
Dell, which went private in one of the the largest leveraged buyouts in tech circa 2013, announced today that it will once again be going public through a relatively complex mechanism that will once again bring the company back onto the public markets with founder Michael Dell and Silver Lake Partners largely in control. Dell’s […]
Posted on July 3rd, 2018 by admin
Filed under: Uncategorized | No Comments »
Adobe reported its Q2 FY’18 earnings yesterday and the news was quite good. The company announced $2.2 billion in revenue for the quarter up 24 percent year over year. That puts them on an impressive $8.8 billion run rate, within reach of becoming the next $10 billion software company (or at least on a run […]
Posted on June 15th, 2018 by admin
Filed under: Uncategorized | No Comments »
