Cloud giant Cisco has recently acquired cloud security startup CloudLock for $293 million. This $293 million includes cash as well as equity awards. CloudLock will be integrated into Cisco’s Networking and Security Business group under David Goeckeler. The deal is expected to close by November, 2016.
Cisco has utilized acquisition to build its security software and service sector; it paid $2.7 billion for Sourcefire, security hardware and software maker, in 2013 and $635 million for OpenDNS, which helps stop cyber attacks, in 2015. These acquisitions are similar to those of Microsoft, who purchased Adallom for $250 million, and Blue Coat, who purchased Perspecsys [...]
At this point, there’s no denying the fact that Samsung is a major player in the smartphone space. Going head to head with Apple, the company has proved it can hold its own.
But now, the electronics giant is looking to make another big move. With its recent agreement to purchase Joyent, Inc., a well known public and private cloud provider, Samsung is positioning itself to become a major player in the cloud computing services space.
At this point, Samsung has plans to keep Joyent as a separate business, however, it will be able to use its experience and service to boost its own cloud based performance.
Is this a Good Move?
While some feel that Samsung [...]
India’s leading venture capital firm Kalaari Capital’s seed program, Kstart, has recently invested $510k into cloud security startup ParaBlu. This funding will be used for both team expansion and marketing activities.
Kalaari Capital launched its Kstart program in February of 2016, allocating over $20 million for the program over the course of two years. ParaBlu marks Kstart’s fourth investment, following Affordplan, Active.ai, and Indee. Kstart plans to invest in over 40 startups over the next four years.
About ParaBlu: Founded in 2011, California based ParaBlu provides an award winning Cloud Access Security Broker data solution, among other cloud security [...]
Samsung Electronics has recently announced that it will acquire Joyent, a company that is important to the cloud hosting market, for an undisclosed amount. This acquisition marks Samsung effort to transition from just a device manufacturer; the company has begun to expand into software and services with things such as Samsung Pay. The acquisition of Joyent marks Samsung’s third major procurement of a US startup in two years. Acquiring Joyent allows Samsung to have another outlet of processing power, as it currently relies on Amazon and Microsoft for cloud services. As Samsung continues to delve into the realm of artificial intelligence and virtual reality, the extra computational [...]
“Internet companies only provide the technology to build cyberspaces for online storage, but in the end, these spaces belong to China’s online territory and, hence, fall within the government’s jurisdiction,” Qin An, a cyber security expert at the China Institute for Innovation and Development Strategy. China has defined Cloud Storage as a territory of the Chinese government and therefore has the jurisdiction to regulate the content stored within Clouds, allowing for immense censorship.
Pornographic content is widespread on cloud services, with users uploading videos and then selling them. The government believes it should take necessary action to halt this “immoral” [...]
Emerging cloud giant IBM has recently announced its new partnership with Reliance Communications. This partnership serves to expand IBM’s current list of cloud services; IBM aims to provide “highly secure and scalable infrastructure as a service (IaaS)” on the IBM cloud. Reliance Communications will have the ability to provide its client base, consisting of upwards of 39,000 large enterprises, with the robustness that IBM’s cloud platform is able to offer. This infrastructure platform will securely run the business applications of these enterprises.
Reliance Communications has also launched new cloud service offerings that are designed to provide “end-to-end integrated [...]