Covertix, an Israeli startup that provides enterprise-grade solutions for protecting and monitoring sensitive corporate data, has raised $1 million in early-stage funding. The round was led by Kima Ventures, the investment firm founded by well-known European entrepreneurs Jeremie Berrebi and Xavier Niel.
Covertix says the capital will be used to try and gain market share across the European… → Read More
NetApp this morning announced that it is to acquire Akorri Networks, which enables IT organizations to manage their infrastructure as a service.
Terms of the agreement were not disclosed, apart from the fact that it concerns an all-cash transaction. → Read More
Citrix Systems has made a strategic investment in GlassHouse Technologies, a global data center consulting and managed services firm, expanding the existing relationship between the two companies with Citrix becoming a premier desktop virtualization partner of GlassHouse.
The investment also provides Citrix with an observer’s seat on the GlassHouse board of directors. Others terms of the… → Read More
Symplified, which provides identity and access management tools for cloud applications, has secured $9 million in Series B funding, bringing its total financing to $18.8 million.
The round was led by existing Symplified investors Granite Ventures and Allegis Capital, and included a strategic investment by Quest Software. → Read More
Avaya, a provider of business collaboration software and services, this morning announced it has acquired Konftel, which specializes in audio collaboration technology and is a leading conference telephone manufacturer.
Avaya coughed up $15 million in cash for the company, and hopes the acquisition will enable it to broaden its portfolio of desktop to conference room audio collaboration systems. → Read More
Dell this morning announced that it is to acquire SecureWorks, a provider of information security services. Terms of the acquisition were not disclosed.
SecureWorks offers a number of ‘Security-as-a-Service’ solutions and says it currently processes more than 13 billion security events and sees more than 30,000 malware specimens on a daily basis. → Read More
This post was written by Aaron Levie, CEO and co-founder of Box.net. His last guest post for us was “Building The Simple Enterprise.”.
On a recent call, an analyst shared a story about a company whose IT infrastructure was completely wiped out in a natural disaster. Forced to start from scratch, the company reinvented the spirit and composition of its enterprise IT strategy, and the set of… → Read More
Skytap, which provides cloud automation solutions for enterprises and software vendors to develop, test and demo cloud applications, has raised $10 million in funding, according to this SEC filing.
This brings the total amount of financing raised by the company to a healthy $23 million. → Read More
Callidus Software, which markets Sales Performance Management (SPM) software solutions, has announced its intent to acquire all of the assets of its technology partner ForceLogix.
Through the acquisition, Callidus says it gains a solid sales coaching and talent development technology platform, and the ability to extend its footprint to provide the most comprehensive offering of on-demand sales… → Read More
Dell has announced its intent to acquire InSite One, which offers cloud-based medical data archiving, storage, and disaster-recovery solutions to the healthcare industry.
Terms of the acquisition were not disclosed. → Read More
Teradata is to acquire Aprimo, a cloud-based integrated marketing software maker, for approximately $525 million including the assumption of roughly $25 million of cash at closing.
Aprimo delivers a suite of integrated marketing applications to more than 150,000 professionals worldwide, and says more than 36 percent of the Fortune 100 relies on its solutions for integrated marketing management. → Read More
Qualcomm has just announced that it has agreed to sell its Lower 700 MHz D and E Block U.S. spectrum licenses to AT&T for a whopping $1.925 billion, following its previously announced plan to restructure and evaluate strategic options related to its FLO TV business.
The company expects to shutter its FLO TV business and network in March 2011. → Read More
EarthLink this morning announced that it will acquire telecom services provider One Communications for $370 million, which includes payment of roughly $285 million of the latter’s net debt. One Comm stockholders have the right to elect to receive the net merger consideration in the form of cash or EarthLink common stock.
The merger has been approved by the Boards of Directors of both companies… → Read More
Citrix Online, a division of Citrix Systems, this morning announced that it is to acquire Netviewer, a privately-held SaaS vendor in collaboration and IT services based in Germany. Netviewer will become an integral part of Citrix’ online services division, but the terms of the agreement were not disclosed.
The transaction is expected to close in early 2011, subject to the satisfaction of closing… → Read More
Project management startup Wrike is opening up its API today, allowing third-party developers to create custom applications using the startup’s collaborative features.
Wrike’s online project management application allows small to medium sized businesses to track employees, assign and monitor tasks, and more. One of the more compelling features of the app is the ability to bring Wrike within an… → Read More
Intelleflex, a provider of on-demand data visibility solutions, announced (PDF) today that it has closed an $11.5 million Series A extension with current investors Arcapita Ventures and New Venture Partners.
Leveraging patented technology that yields a disruptive price/performance model, the Intelleflex XC3 Technology platform provides a low-cost extended-capability solution that addresses a… → Read More
Right on the heels of raising $4 million, Java cloud computing startup CloudBees has announced that it has acquired Stax Networks, a pioneering Java Platform-as-a-Service solutions provider.
Terms of the acquisition were not disclosed. → Read More
Dell has officially announced that it aims to pick up Compellent, a provider of storage solutions with automated data management features for enterprise and cloud environments, for $27.75 per share in cash for each share of Compellent (a total equity value of approximately $960 million).
The aggregate purchase price is about $820 million, net of Compellent’s cash.
This is slightly more than… → Read More
FleetMatics, a Boston-based provider of GPS tracking applications for commercial fleets, this morning announced that it has closed a massive $68 million growth equity financing round.
Late-stage investor Institutional Venture Partners invested in conjunction with Investcorp Technology Partners, FleetMatics’ majority owner. New World Ventures also participated as a new investor.
FleetMatics… → Read More
Juniper Networks this morning announced it has acquired Altor Networks, a provider of virtualization security technology, for $95 million in cash.
Juniper says the acquisition will allow the company to deliver a robust, integrated security architecture that protects both physical and virtual systems. → Read More
SAP certified partner Taulia, provider of a “Dynamic Discounting” platform for corporations using SAP, announced this morning that it raised $3.2 million in financing from new investors ncluding Matrix Partners and Trinity Ventures. Previous backers such as The Angels’ Forum also participated in the round.
The company says the freshly secured capital will be used to expand its sales teams in… → Read More
BMC Software has acquired GridApp Systems, which specializes in the automation of cloud database provisioning, patching and administration. Terms of the acquisition were not disclosed.
With the purchase, BMC is expanding its current offering of application, server, network and client configuration management to include database automation. → Read More
Transactis, a Charlotte, North Carolina-based provider of electronic billing, payment, and marketing solutions has raised $7 million in Series B financing in a round led by New York-based StarVest Partners, with previous investors and management participating.
The capital will be used to drive adoption of the company’s BillMail, BillerExpress and (recently acquired) OfferIQ and LoyaltyIQ… → Read More
Effective immediately, Ketera Technologies is now part of e-commerce platform company Rearden Commerce.
Terms of the deal were not disclosed. → Read More
Cisco this morning said it intends to purchase LineSider Technologies, a privately-held network management software based out of Danvers, Massachusetts. Financial terms of the transaction were not disclosed, and Cisco said it aims to complete the acquisition in the second quarter of its fiscal year 2011.
LineSider markets software that enables companies to build network services and securely… → Read More
Enterprise cloud management software provider Abiquo has raised roughly $10 million in Series B funding led by Balderton Capital, with existing investors Nauta Capital and Eurecan participating. Bernard Liautaud, a Partner at Balderton Capital and well known for being the founder and former CEO of Business Objects, will join the Abiquo Board of Directors.
Abiquo offers cloud management software… → Read More
Xerox’ Palo Alto Research Center (PARC) is spinning out PowerCloud Systems, the cloud-managed networking solutions provider that it has incubated through the Startup@PARC program since early 2008. PowerCloud has also gained more backing, with Walden Venture Capital and Javelin Venture Partners joining the line-up.
PowerCloud offers cloud-based technology for OEM vendors that is designed to make… → Read More
CloudBees, a Java Platform-as-a-Service (PaaS) provider, has raised $4 million in Series A financing led by Matrix Partners with participation from individual investors, including JBoss founder Marc Fleury and JBoss/HP/Bluestone vet Bob Bickel.
The round is said to be only the first in a multi-stage investment to provide CloudBees with the resources to build out a cloud-agnostic, cloud-native… → Read More
Enterprise cloud computing company Salesforce.com this morning announced the appointment of JP Rangaswami, an internationally acclaimed thought leader in the tech industry, to the newly created position of Chief Scientist.
Rangaswami, an expert in enterprise software, had recently stepped down from a similar position at BT Group, after nearly five years with the company. → Read More
Scale Computing, a provider of midmarket clustered storage solutions, this morning announced it has secured $17 million in Series C funding in a round led by Scale Venture Partners with participation from Northgate Capital and existing investors (including Benchmark Capital). This latest round of funding brings the total raised for the company to $31 million. → Read More
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