THE BUSINESS OF TECHNOLOGY
Pure Storage, the enterprise solid state storage entrepreneur, has raised an impressive $150 million. The company claims it’s the largest single private round in the history of storage. It is also the third largest financing round in a North American business technology company this year, according to Bloomberg data. The investment values the … [Read more...]
Cloud data security company Alert Logic announced today that its executive management, together with private equity firm Welsh, Carson, Anderson & Stowe, now owns a majority interest in Alert Logic. With the partnership comes an additional boost of primary capital from Welsh Carson and the chance for Alert Logic to scale out. According to the … [Read more...]
Big data is the next revolution in business, and Scality strives to turn the industry on its head through a low pricing model that uses multiple distribution points for an easily scalable system that never needs to go offline to evolve. The company offers reliable and backed up storage for roughly 2 cents GB/per month, less than half the cost of … [Read more...]
By MATT GALLAGHER, Red Herring journalist As NTP Software’s CEO Bruce Backa is fond of saying: “The business of file data management may not be as sexy as Google or Facebook, but like death and taxes you can’t get away from it.” Luckily now you don’t have to. Thanks to NTP’s Universal File Access, a product the company debuted this week, file … [Read more...]
Oracle, the enterprise software giant, has acquired Nimbula, the cloud management software company built by the original creators of Amazon Web Services, to help brighten its cloud offering with some much needed direction. Nimbula offers a cloud management platform that lets people easily establish on-premise pools of visualized … [Read more...]
By MATT GALLAGHER, Red Herring journalist When Amazon goes down, so does everyone else. Outages last October and June caused the disruption of Flipboard, Foursquare, Netflix, Pinterest, Instagram and others. So why put all your cloud data in one basket? With the release of version 3.0 of the TransLattice Elastic Database (TED), you no … [Read more...]
Infusionsoft, a company that provides small businesses with a complete end to end CRM, social marketing and sales management, has raised $54 million from Goldman Sachs. The company will use the new funding for “fueling our product development, accelerating marketing and sales, and growing our partner and education programs in the U.S. and … [Read more...]
By Anam Alpenia, Red Herring In-Q-Tel, the venture capital firm of the Central Intelligence Agency, made a strategic investment backed by a technology development agreement in cloud mobile security provider Tyfone for its “proven capabilities” in secure ID and NFC. An independent nonprofit, the firm's primary purpose is to identify “innovative … [Read more...]
by Anam Alpenia, Red Herring Unveiled last month, cloud storage provider TwinStrata's CloudArray 4.0 takes the world of cloud storage up a notch, enabling both Network Attached Storage (NAS) and Storage Area Network (SAN) protocols so that both data blocks and files can be uploaded for a fully empowered cloud. “Essentially, any application can … [Read more...]
Interested in a good scare this Halloween? Look no further than your own computer, mobile or tablet device! … [Read more...]