Wave, a Canadian firm that specializes in offering cloud-based accounting software for small and medium firms got another round of funding today. NAB’s venture capital arm led this round of funding with A$32 million. Royal Bank of Canada and a few other investment firms were also a part of this funding round.
Wave was founded in 2010 to provide free accounting software for small businesses. Over the last few years, it has grown enormously and now it offers a suite of cloud-based products for a range of different financial activities such as lending, payroll, payments, invoices and receipts.
Currently, this company employs about 130 people and reaches out to more [...]
It’s been a string of changes at Rackspace. Only last week, the company announced that it has appointed a new CEO and a few days later, it announced that it is acquiring a managed and consulting cloud services company called TriCore Solutions.
The exact terms of the deal was not disclosed though it is speculated that this acquisition can give Rackspace a big boost in terms of its offerings and its stance in the cloud space today. The deal is expected to close by the end of June.
Though the financial details were not disclosed, Rackspace claims that this is the largest ever acquisition that the company has made so far. This is an important statement coming from the [...]
Mergers, acquisitions and buys have become a standard practice in today’s business world, especially in segments that see explosive growth like the cloud industry. The latest in this list is the announcement from Red Hat that it has bought a startup company called Codenvy, though the terms of the deal were not disclosed.
Codency is a four year old startup company that specializes in providing cloud native development tools to help develop containers and cloud-first applications. Based in San Francisco, this company has about 40 employees.
Codenvy’s product is built on Eclipse Che, an open source and cloud integrated development environment that doubles up as [...]
We’ve been using Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) for a few years now. We added something called Identity as a Service (IDaaS) a few years back, and now it’s time for Supercomputing as a Service.
Cray, a supercomputer vendor, has made its high performing computers, technologies and servers available to users through the cloud. It has recently partnered with a company called Markley to offer supercomputing technologies as a hosted service.
Under the terms of agreement, both these companies will come together to offer supercomputing to clients in the life sciences industry, to start with. Later, [...]
President Trump signed an executive order to put an end to the federal government’s cybersecurity woes.
This order mandates a single set of rules for all departments and puts the head of the department as accountable for that agency’s security. The obvious idea behind this accountability is to avoid department heads from passing the blame to the IT department, every time there’s a breach. By doing this, agency heads were caught passing the buck without taking any steps whatsoever to correct them.
To put an end to this blame games, this order was drafted quite some time ago and was supposed to have been signed on January 31 of this year, but was [...]
It’s raining agreements in the cloud sector, and the latest is the one that Oracle entered into with AT&T. Under the terms of this agreement, AT&T will move its thousands of large-scale internal databases to Oracle’s infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS).
This deal gives a win-win scenario for both companies. For AT&T, this deal gives access to Oracle’s cloud services portfolio and all the tools that come with it. Specifically, this agreement will allow AT&T to optimize the scheduling and dispatch of its field technicians.
Currently, AT&T employs more than 70,000 field technicians and it wants to make [...]