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...]
Last Monday, Wichita-based Koch Industries acquired Molex, the 75-year-old connector company and Apple parts supplier. Both companies look to close the deal by the end of this year, which depends on both regulatory and shareholder approval, according to a Molex FAQ on the deal. Privately-held Koch picked Molex up at a premium, dishing out $7.2 … [Read more...]
Last year, Skyera released skyHawk, a product that blew the lid of flash storage which, at a price tag of $3 per a gigabyte, essentially made flash pricing comparable to traditional storage while offering magnitudes of improvement in speed and performance. This year, the company claims to have boosted that capacity and performance by 10 times while … [Read more...]
Yesterday, Chicago Public Library opened the doors to its maker lab for the masses, a place where the public can play with 3D printers, milling machines and more. Those previously barred from meeting with machinery, by cost or lack of know-how, will now get their chance––with CPL eager to make introductions. “This is the most democratic change in … [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...]
Oracle, the world's third largest software maker and top producer of high end business computers, will pay $1.7 billion to acquire Acme packet, a company that sells telecommunications VoIP hardware. “The addition of Acme Packet to Oracle’s leading communications portfolio will enable service providers and enterprises to deliver innovative … [Read more...]
While making his second trip to China as Apple's CEO, Tim Cook told China's state-run Xinhua news agency that China will one day become the company's largest customer. Currently, China ranks as Apple's biggest market. "China is currently our second largest market. I believe it will become our first. I believe strongly that it will," Cook told … [Read more...]
A Delaware federal jury has ruled that Apple's iPhone violated three patents owned by MobileMedia Ideas, a patent-licensing firm owned by MPEG-LA that acquired patents from Sony and Nokia. After four hours of deliberation, the jury ruled the patents were not invalid, as Apple had claimed. Damages will be set at a later trial, though … [Read more...]
Apple plans to spend over $100 million in the next year to start producing Mac computers in the US. The move shifts a small segment of Apple production away from China, where the company has suffered criticism for harsh and dangerous working conditions at its Foxconn plant. Notably, Mac computers are easier to produce, making domestic production … [Read more...]
Big Switch Networks has just landed $25 million to help it take on such giants as Cisco Systems, Hewlett-Packard, and Juniper Networks in the network virtualization space. The round was led by Redpoint Ventures and joined by Goldman Sachs, and existing investors Index Ventures, Khosla Ventures, and others. It brings the company's total … [Read more...]