With $34B Red Hat deal closed, IBM needs to execute now – TechCrunch

With $34B Red Hat deal closed, IBM needs to execute now – TechCrunch

In a summer surprise this week, IBM announced it had closed its $34 billion blockbuster deal to acquire Red Hat. The deal, which was announced in October, was expected to take a year to clear all of the regulatory hurdles, but U.S. and EU regulators moved surprisingly quickly. For IBM, the future starts now, and it needs to find a way to ensure that this works. There are always going…

Judge dismisses Oracle lawsuit over $10B Pentagon JEDI cloud contract – TechCrunch

Judge dismisses Oracle lawsuit over $10B Pentagon JEDI cloud contract – TechCrunch

Oracle has been complaining about the procurement process around the Pentagon’s $10 billion, decade-long JEDI cloud contract, even before the DoD opened requests for proposals last year. It went so far as to file a lawsuit in December, claiming a potential conflict of interest on the part of a procurement team member. Today, that case was dismissed in federal court. In dismissing the case, Federal Claims Court Senior Judge Eric…

OneTrust raises $200M at a $1.3B valuation to help organizations navigate online privacy rules – TechCrunch

OneTrust raises $200M at a $1.3B valuation to help organizations navigate online privacy rules – TechCrunch

GDPR, and the newer California Consumer Privacy Act, have given a legal bite to ongoing developments in online privacy and data protection: it’s always good practice for companies with an online presence to take measures to safeguard people’s data, but now failing to do so can land them in some serious hot water. Now — to underscore the urgency and demand in the market — one of the bigger companies…

Box CEO Aaron Levie is coming to TC Sessions: Enterprise – TechCrunch

Box CEO Aaron Levie is coming to TC Sessions: Enterprise – TechCrunch

Box co-founder, chairman and CEO Aaron Levie took his company from a consumer-oriented online storage service to a publicly traded enterprise powerhouse. Launched in 2005, Box today has more than 41 million users, and the vast majority of Fortune 500 companies use its service. Levie will join us at TC Sessions: Enterprise for a fireside chat about the past, present and future of Box, as well as the overall state…

A 23-year-old B2B company has shown how keen India is for tech IPOs – TechCrunch

A 23-year-old B2B company has shown how keen India is for tech IPOs – TechCrunch

Away from the limelight of the press and the frenzy of fundraising, a tech startup in India has achieved a feat that few of its peers have managed: going public. IndiaMART, the country’s largest online platform for selling products directly to businesses, raised nearly $70 million in a rare tech IPO for India this week. The milestone for the 23-year-old firm is so uncommon for India’s otherwise burgeoning startup ecosystem…

Capital One CTO George Brady will join us at TC Sessions: Enterprise – TechCrunch

Capital One CTO George Brady will join us at TC Sessions: Enterprise – TechCrunch

When you think of old, giant mainframes that sit in the basement of a giant corporation, still doing the same work they did 30 years ago, chances are you’re thinking about a financial institution. It’s the financial enterprises, though, that are often leading the charge in bringing new technologies and software development practices to their employees and customers. That’s in part because they are in a period of disruption that…

KKR has acquired Corel (including its recent acquisition Parallels), reportedly for $1B+ – TechCrunch

KKR has acquired Corel (including its recent acquisition Parallels), reportedly for $1B+ – TechCrunch

Only six months after snapping up virtualization specialist Parallels, Canadian software company Corel is itself getting acquired. TechCrunch has learned and confirmed with multiple sources that private equity giant KKR has closed a deal to buy the company from Vector Capital, which has owned some or all of Corel since 2003. KKR’s interest in Corel was first rumored in May, when PE Hub reported the two were in talks for…

Tara.ai, which uses machine learning to spec out and manage engineering projects, nabs $10M – TechCrunch

Tara.ai, which uses machine learning to spec out and manage engineering projects, nabs $10M – TechCrunch

Artificial intelligence has become an increasingly important component of how a lot of technology works; now it’s also being applied to how technologists themselves work. Today, one of the startups building such a tool has raised some capital, Tara.ai, a platform that uses machine learning to help an organization get engineering projects done — from identifying and predicting the work that will need to be tackled, to sourcing talent to…

Enterprise SaaS revenue hits $100B run rate, led by Microsoft and Salesforce – TechCrunch

Enterprise SaaS revenue hits $100B run rate, led by Microsoft and Salesforce – TechCrunch

In its most recent report, Synergy Research, a company that monitors cloud marketshare, found that enterprise SaaS revenue passed the $100 billion run rate this quarter. The market was led by Microsoft and Salesforce. It shouldn’t be a surprise at this point that these two enterprise powerhouses come in at the top. Microsoft reported $10.1 billion in Productivity and Business Processes revenue, which includes Office 365, the Dynamics line and…

Bright Machines wants to put AI-driven automation in every factory – TechCrunch

Bright Machines wants to put AI-driven automation in every factory – TechCrunch

There’s a mythology around today’s factories that says everything is automated by robotics, and while there is some truth to that, it’s hard to bring that level of sophistication to every facility, especially those producing relatively small runs. Today, Bright Machines, a San Francisco startup announced its first product designed to put intelligence and automation in reach of every manufacturer, regardless of its size. The startup, which emerged last fall…

Comscore raises $20M with an option to bump it to $50M, in a bid to rebuild its digital measurement business – TechCrunch

Comscore raises $20M with an option to bump it to $50M, in a bid to rebuild its digital measurement business – TechCrunch

Comscore’s name is usually in the news because of its widely-cited research and stats around media traffic and other analysis charting digital consumer behavior. More recently, it’s been coming up for another reason: ongoing corporate upheaval and its tumbling stock price. Today comes the latest development in that story: the company announced that it has raised $20 million, with the option of increasing the sum to $50 million, from a…

Three years after moving off AWS, Dropbox infrastructure continues to evolve – TechCrunch

Three years after moving off AWS, Dropbox infrastructure continues to evolve – TechCrunch

Conventional wisdom would suggest that you close your data centers and move to the cloud, not the other way around, but in 2016 Dropbox undertook the opposite journey. It (mostly) ended its long-time relationship with AWS and built its own data centers. Of course, that same conventional wisdom would say, it’s going to get prohibitively expensive and more complicated to keep this up. But Dropbox still believes it made the…

Get your early-bird tickets to TC Sessions: Enterprise 2019 – TechCrunch

Get your early-bird tickets to TC Sessions: Enterprise 2019 – TechCrunch

In a world where the enterprise market hovers around $500 billion in annual sales, is it any wonder that hundreds of enterprise startups launch into that fiercely competitive arena every year? It’s a thrilling, roller-coaster ride that’s seen it all: serious success, wild wealth and rapid failure. That’s why we’re excited to host our inaugural TC Sessions Enterprise 2019 event on September 5 at the Yerba Buena Center for the…

Blue Prism acquires UK’s Thoughtonomy for up to $100M to expand its RPA platform with more AI – TechCrunch

Blue Prism acquires UK’s Thoughtonomy for up to $100M to expand its RPA platform with more AI – TechCrunch

Robotic process automation — which lets organizations shift repetitive back office tasks to machines to complete — has been a hot area of growth in the world of enterprise IT, and now one of the companies that’s making waves in the area has acquired a smaller startup to continue extending its capabilities. Blue Prism, which helped coin the term RPA when it was founded back in 2001, has announced that…

GitHub hires former Bitnami co-founder Erica Brescia as COO – TechCrunch

GitHub hires former Bitnami co-founder Erica Brescia as COO – TechCrunch

It’s been just over a year since Microsoft bought GitHub for $7.5 billion, but the company has grown in that time, and today it announced that it has hired former Bitnami COO and cofounder, Erica Brescia to be its COO. Brescia handled COO duties at Bitnami from its founding in 2011 until it was sold to VMware last month. In a case of good timing, GitHub was looking to fill…

Google continues to preach multi-cloud approach with Looker acquisition – TechCrunch

Google continues to preach multi-cloud approach with Looker acquisition – TechCrunch

When Google announced it was buying Looker yesterday morning for $2.6 billion, you couldn’t blame some of the company’s 1,600 customers if they worried a bit if Looker would continue its multi-cloud approach. But Google Cloud chief Thomas Kurian made clear the company will continue to support an open approach to its latest purchase when it joins the fold later this year. It’s consistent with the messaging from Google Next,…

The Ticket Fairy is tech’s best hope against Ticketmaster – TechCrunch

The Ticket Fairy is tech’s best hope against Ticketmaster – TechCrunch

Ticketmaster’s dominance has led to ridiculous service fees, scalpers galore and exclusive contracts that exploit venues and artists. The moronic approval of venue operator and artist management giant Live Nation’s merger with Ticketmaster in 2010 produced an anti-competitive juggernaut. It pressures venues to sign ticketing contracts under veiled threat that artists would otherwise be routed to different concert halls. Now it’s become difficult for venues, artists and fans to avoid…

LinkedIn to shutter Chitu, its Chinese-language app, in July, redirects users to LinkedIn in Chinese – TechCrunch

LinkedIn to shutter Chitu, its Chinese-language app, in July, redirects users to LinkedIn in Chinese – TechCrunch

LinkedIn has long eyed China as an important country to offset slowing growth in more mature markets. But now it’s calling time on a localized effort after failing to see it pick up steam. The company has announced that it will be shutting down Chitu — a Chinese-only app it had built targeting younger people and those who had less of a need to network with people outside of the…

The Slack origin story – TechCrunch

The Slack origin story – TechCrunch

Let’s rewind a decade. It’s 2009. Vancouver, Canada. Stewart Butterfield, known already for his part in building Flickr, a photo-sharing service acquired by Yahoo in 2005, decided to try his hand — again — at building a game. Flickr had been a failed attempt at a game called Game Neverending followed by a big pivot. This time, Butterfield would make it work. To make his dreams a reality, he joined…

Foursquare buys Placed from Snap Inc. on the heels of $150M in new funding – TechCrunch

Foursquare buys Placed from Snap Inc. on the heels of $150M in new funding – TechCrunch

Foursquare just made its first acquisition. The location tech company has acquired Placed from Snap Inc. on the heels of a fresh $150 million investment led by The Raine Group. The terms of the deal were not disclosed. Placed founder and CEO David Shim will become president of Foursquare. Placed is the biggest competitor to Foursquare’s Attribution product, which allows brands to track the physical impact (foot traffic to store)…