Tegile Systems, a Silicon Valley company that makes hybrid storage for virtualized server and desktop environments, said it has raised $35 million in a third round of funding.
Apple’s in the top 10 for the first time ever, Facebook hits the list, and Dell sells more than Google as Fortune Magazine released its Fortune 500 companies today, ranking the top 500 companies by global income.
Today, General Electric announced that it is investing $105 million in Pivotal, a hotly anticipated spin-off from VMware that is building “next generation Enterprise Platform-as-a-service.”
Enterprise behemoths EMC and IBM are taking a close look at buying major infrastructure-as-a-service provider SoftLayer in a deal that could be worth more than $2 billion.
VMware drops a boat load of cloud news on an already busy day, including that it will launch its own public cloud contender to challenge Amazon and Rackspace.
A software defined storage startup called Nexenta has closed a $24 million funding round, proving that storage is increasingly an area of focus for IT.
After rumors floated earlier this week, VMware and parent company EMC have officially announced the spinoff of a new cloud and big data unit called The Pivotal Initiative, led by former VMware CEO Paul Maritz.
Sources confirm that EMC and VMWare will be putting their cloud-related businesses, including Cloud Foundry, into a new unit led by Paul Maritz. It will not be an independent company, however.
VMWare is planning to spin off Cloud Foundry and a number of its other products into a separate division owned by corporate parent EMC.
EMC Corporation, a multinational oldster in big data and cloud storage, has just agreed to buy Silver Tail Systems, a startup that uses real-time predictive analytics to detect and prevent online fraud and crime.
Paul Maritz is reportedly out as the chief executive of virtualization software firm VMware. After four years at the helm of VMware, Maritz is expected to be replaced by Pat Gelsinger, chief operating officer of EMC, the enterprise storage giant and parent company of VMware.
Earnings season starts this week for tech companies, and no one is expecting outstanding second-quarter results. If the reports turn out to be weaker than expected, then tech investors might run for the hills, the San Jose Mercury News reported.
Guest Post The big news in storage lately is that EMC is acquiring XtremIO. XtremIO is crafting a next-generation storage array, purpose built for 100% solid-state flash memory. EMC is the market leader in the $30 billion global market for disk-based storage. In acquiring a nascent, unabashedly competitive product to its existing mainstay disk-based storage product line, EMC is foreshadowing the impending flash revolution in data center storage. Flash memory has already transformed consumer devices like smartphones, tablets, and ultra-notebooks (think MacBook Air). These devices use a solid state drive, also know as SSD or flash drive, rather than traditional mechanical disk. Presumably, if you have a flash-based device, you don’t miss those quaint whirring and chirping noises that a PC’s hard drive makes, and flash also delivers radically better performance and battery life. What you may not know is that a similar shift is already underway in the data center: Google’s instant search and Facebook’s performance intensive applications are powered by flash rather than hard drives.
Editor's Pick EMC said today it has acquired flash-memory storage company XtremIO, following reports two weeks ago that the deal was in the works. VentureBeat confirmed at the time that the value of the deal is around $400 million.
EMC Corp is in the final stages of buying flash-memory storage company XtremIO for $400 million, a VentureBeat source has confirmed. The deal is the latest sign that the flash storage market is red hot, and it could spur other deals as other big players rush to bolster their own offerings.
Guest Post Oil is in the news again. Last week, oil prices touched all-time highs due to Iranian export declines; the chief economist of the International Energy Agency said that high oil prices could cause an international recession. And whereas it looked like the State Department had put the breaks on the Keystone pipeline in November, President Obama announced last week that he was going to fast-track the construction of the southernmost portion of the project.
Bankrupt telecom company Nortel Networks announced on Friday that it had sold its juggernaut patent portfolio to a consortium made up of the likes of Apple, Microsoft, and RIM for a hefty sum of $4.5 billion cash.