cloud
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Box beats earnings expectations
Box reported its second quarter fiscal 2017 earnings after the bell on Wednesday. The company beat estimates, posting an adjusted loss of 14 cents, compared to the 19 cents expected by analysts. They also surpassed revenue predictions, reporting $95.7 million instead of $94.65 million, which is up 30% from the same quarter last year. Shares ticked up about 5% in initial after-hours trading… Read More
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Google buys Orbitera, a platform for cloud marketplaces, for $100M+
Google today announced another acquisition that will help the company improve how it competes against Amazon’s AWS, Salesforce and Microsoft in the area of enterprise services, and specifically selling enterprise services in the cloud: it has acquired Orbitera, a startup that developed a platform for buying and selling cloud-based software. Terms of the deal have not been disclosed but… Read More
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Security-as-a-service startup StackPath nabs $180M, 4 acquisitions including MaxCDN
A mass migration of IT services to the cloud, coupled with a huge growth of connected devices, has created a perfect storm for security breaches with some 400 million malware attacks identified last year alone according to IDC. Now, a new hopeful called StackPath believes it might have the key (and size) to fighting malicious hackers once and for all. The company is emerging out of… Read More
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Microsoft expands its support for Docker containers
Docker is hosting its developer conference in Seattle this week and showcasing the quickly growing ecosystem that has grown up around its container tools. One of the companies on stage today was Microsoft, which announced that it is great expanding its support for Docker containers by more deeply integrating it into a number of its enterprise and DevOps tools. Microsoft’s interest in… Read More
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Dropbox says it is cash flow positive, in no rush to IPO
With a $10 billion valuation, cloud storage business Dropbox is larger than many public companies. But don’t expect an IPO anytime soon, according to CEO Drew Houston. “Nothing right now,” said Houston, when asked if the company was working on a plan to go public. Speaking at Bloomberg’s Technology Conference in San Francisco, Houston said that Dropbox is… Read More
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Media Temple launches new enterprise WordPress solution hosted on AWS
Media Temple is launching a new enterprise-grade WordPress hosting solution today. That would be interesting by itself, but the twist here is that the company, which is owned by GoDaddy, is hosting this service on AWS. With this offering, Media Temple is combining its expertise in running WordPress installs with its (mt) One white-glove customer service offering, CloudTech Premier support… Read More
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DigitalOcean gets $130 million credit line because servers are really expensive
Building a cheap cloud hosting platform like DigitalOcean requires a ton of money. The company has raised more than $120 million and is also securing credit every now and then to fuel its growth. Read More
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Frame.io releases video collaboration extension for Adobe Premiere Pro
Frame.io today launched Frame.io for Adobe Premiere Pro, an extension that will enable video editors to use the video collaboration tool inside the video-editing program. When Frame.io CEO Emery Wells asked me to join the beta program for the company’s Premiere extension, I jumped at the chance. Read More
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OpenStack’s Mitaka release focuses on manageability and user experience
The OpenStack Foundation today launched Mitaka, the thirteenth release of its open source enterprise cloud platform. In many ways, this new release shows the growing maturity of the project, which was originally incubated in 2010 by Rackspace and NASA. Instead of lots of major feature additions (though there are still plenty of those), the focus for this release was on making the platform… Read More
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Box soars 13 percent on earnings beat
Cloud storage company Box reported fourth-quarter earnings after the bell on Wednesday, sending the stock up 13 percent in after-hours trading. Better-than-expected results brought the stock slightly above the $14 barometer from last year’s IPO price. Fourth-quarter revenue was $85 million, a 36 percent increase from the same period last year and above analyst expectations of $82… Read More
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Crunch Network
Can you take the Internet out of the Internet of Things?
The Internet of Things and the Internet might seem inextricably linked, but, increasingly, there are questions centered around how IoT devices should work with one another — and what happens when the Internet connection goes down? Read More
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