Trust Digital raises $14.5M to handle mobile business data
As more and more people move their work data onto their mobile phones, a company called Trust Digital has raised another $14.5 million to help manage that process.
The Lean, Va. company’s software simplifies the process of authenticating phones, encrypting data and more across multiple smartphones. Chief executive Nick Magliato says some of his company’s biggest customers are government and health care agencies.
Big players like Microsoft and Research in Motion have similar software for their Windows… Continue Reading
Dell buys EqualLogic for $1.4B, biggest cash purchase of private tech company
Dell just announced the planned acquisition of EqualLogic, a supplier of data storage for large companies, for about $1.4 billion in cash.
The deal is the largest ever cash purchase of a private venture backed technology company, according to data from VentureSource. See table below.
This could be painful for EMC. Dell it the largest distribution partner of Clariion, EMC’s product that competes with EqualLogic’s. “I’m sure [EMC Chief Executive] Joe Tucci woke up with headache,” said… Continue Reading