THE BUSINESS OF TECHNOLOGY
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...]
RainStor, the provider of a specialized database that enables wide scalability through extreme compression techniques, has raised $12 million in a Series C round led by Credit Suisse and Rogers Venture Partners. Existing investors Doughty Hanson Technology Ventures, Storm Ventures and the Dow Chemical Company also participated. Spun out of … [Read more...]
A Seoul Court ruled Friday that while both Samsung's and Apple's devices look similar, Samsung is not in violation of stealing the design, Reuters reported. The judge ruled that consumers were not likely to confused the two products as each device has clear company logos, and that such factors as price, operating systems, services and performance … [Read more...]
Google's self-driving robot cars have now clocked over 300,000 miles, the equivalent of driving 12 times around the world's 25,000 mile equator circumference. And they've done it without an accident, or at least one caused by the self-driving computer. Drive around the world often enough, and eventually someone will hit you, even if you are R2D2, … [Read more...]
Apple's iPad may be leading the tablet revolution with a global penetration of 68 percent, but it's even more popular in China, where the iPad holds nearly 73 percent of the tablet market, according to the latest stats by Analysys International, China Daily recently reported. That's an impressive feat in a country where even the cheapest iPads … [Read more...]