Symantec shakeup sees CEO sacked


Mountain View information protection giant Symantec has given its chief executive officer, Steve Bennett, the boot. Board member Michael Brown will take over immediately as interim president and CEO while Symantec, which produces Norton Antivirus, seeks out a new leader. After less than two years on the job, Bennett has been terminated from … [Read more...]

Optio Labs raises $10 million – Investment Round Up

Money Sign

Series A Tips and tutorials app Trusper has gained $6.17 million in a Series A investment led by DCM. Charles Schwab and other backers contributed to the round. The Los Altos Hills-based company drew upwards of 5 million active users to its platform while still in stealth mode. Trusper has since debuted on the App Store and Google Play, according … [Read more...]

Internet erupts as Gmail falters

google down

In what many seemed to take as a sign of the Internet apocalypse, Google’s email service went down for about 15 minutes this morning. Those trying to access their online mail accounts were greeted with an error message. Sources reported outages not just in the U.S., but around the world, and for affiliated Google services like Google+. Gmail … [Read more...]

Mobile internet builds promise in African e-commerce market


The vast continent of Africa presents a significant opportunity for e-commerce retailers, but a lack of infrastructure has held back online shopping in the region. Now the use of mobile devices to shop online is unlocking some of the potential, and big players are starting to take notice. MTN, the largest cellphone operator in Africa, recently … [Read more...]

MongoDB Raises $150M in Largest Database Funding Ever


MongoDB, the next gen database company whose popularity is surging, has raised an impressive $150 million, the largest round ever for a database company, according to the company’s own claims. The round also makes MongoDB New York’s most valuable Internet startup, Bloomberg points out. The publication cites two sources familiar with the deal who … [Read more...]

Numerify makes cloud analytics easy, picks up $8 million in Series A


Cloud analytical solutions company Numerify has raised more than $8 million in an oversubscribed Series A led by Lightspeed Venture Partners. A long list of angels with impressive résumés contributed to the round, lending the company (currently in stealth mode) credibility––not that pre-revenue Numerify needs it. Founders Guarav Rewari and Srikant … [Read more...]

Pure Storage Raises $150M in Largest Private Round in Storage’s History


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...]

Alert Logic Announces Deal with Welsh, Carson, Anderson & Stowe

Money Sign

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...]

Scality Raises $22M to Globalize Scale-Out Data System

Money Sign

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...]

NTP Offers Universal Access to Business File Data Management


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...]