Coraid, a developer of Ethernet SAN storage solutions, this morning announced that it has closed a $25 million Series B funding round led by Menlo Ventures. All of Coraid’s Series A ($10 million) backers, including Allegis Capital and Azure Capital Partners, participated in this round. The reason why it’s interesting that Menlo Ventures led this […]
Posted on November 16th, 2010 by admin
Filed under: Uncategorized | 238 Comments »
Enterprise software giant EMC has just acquired Isilon Systems for $2.25 billion in cash or appoximately $33.85 per share. The deal was rumored to be in the works but now it’s official. Isilon is know for its “Scale-out NAS” storage systems, which offer customers a highly scalable, low-cost storage infrastructure for managing “Big Data.” Clients […]
Posted on November 15th, 2010 by admin
Filed under: Uncategorized | 251 Comments »
Enterprise cloud storage provider Nirvanix is adding more money to its coffers and putting an experienced executive at the steering wheel. The company has secured an additional $10M, bringing its total of capital raised to $45 million. The capital infusion comes from primary investors Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures. In addition, […]
Posted on November 10th, 2010 by admin
Filed under: Uncategorized | 259 Comments »
Quest Software is to acquire BakBone Software, a San Diego, CA-based provider of data protection software. Quest in a statement says it expects to pay approximately $55 million, including the payment of certain debt obligations and net of anticipated cash on hand. BakBone shareholders will receive $0.33 per common share and $1.29 per preferred share […]
Posted on November 9th, 2010 by admin
Filed under: Uncategorized | 237 Comments »
Dell has just announced it has agreed to acquire Software-as-a-Service integration company Boomi. Terms of the deal were not disclosed and, as usual, the purchase is subject to customary closing conditions. Dell did not say when it expects to complete the purchase. Dell chairman and CEO Michael Dell had yesterday teased the press about an […]
Posted on November 2nd, 2010 by admin
Filed under: Uncategorized | 245 Comments »
IBM is announcing the acquisition of yet another company today: Toronto-based financial governance software company Clarity Systems. Financial terms of the deal were not disclosed. Clarity Systems’ software allows organizations to automate the process of collecting, preparing, certifying and controlling financial statements for electronic filing with the SEC and other regulatory agencies. The software also […]
Posted on October 22nd, 2010 by admin
Filed under: Uncategorized | 226 Comments »
IBM is continuing its shopping spree today with the acquisition of PSS Systems, a company that builds an information management software suite. Terms of the deal were not disclosed. PSS Systems’ software helps organizations manage information governance policies across massive amounts of electronic business information while avoiding legal risk, and discovery and data management costs. […]
Posted on October 13th, 2010 by admin
Filed under: Uncategorized | 230 Comments »
Adaptivity, which bills itself as “The IT Blueprint Company” announced today that it has raised a $7.2 million Series A round of financing. The funding round was co-led by Noro-Moseley Partners and Intersouth Partners. Katrin Burt of Intersouth Partners and Mike Elliott of Noro-Moseley will join the company’s board of directors. Additionally, George Mackie, a […]
Posted on October 7th, 2010 by admin
Filed under: Uncategorized | 241 Comments »
CA Technologies this morning announced that it has agreed to purchase Hyperformix, a provider of capacity management software for dynamic physical, virtual, and cloud IT infrastructures. Deal terms were not disclosed. Capacity management enables customers to discover how physical, virtual, hardware, software, storage, and network resources are being used, and to determine what resources will […]
Posted on September 29th, 2010 by admin
Filed under: Uncategorized | 253 Comments »
IBM today announced it has entered into a definitive agreement to acquire BLADE Network Technologies, a privately held data center switching company based in Santa Clara, California. Financial terms were not disclosed. Update: according to Tech Trader Daily, the transaction is rumored to be valued at roughly $400 million, according to one of the publication’s […]
Posted on September 28th, 2010 by admin
Filed under: Uncategorized | 259 Comments »
