Why this cloud computing startup turned down 4 acquisition offers and continued bootstrapping

Grazed from StanfordBusiness. Author: Harshith Mallya.

Advances in cloud computing have brought in a technological revolution in recent years. Now, small and medium scale businesses don’t need to physically invest in infrastructure like servers and then worry about changes they need to make while scaling up, or even cutting back and scaling down during lean business cycles.

Cloud computing has also brought in a new era of business, with ventures that are being termed ‘born-in-cloud’ companies. Bengaluru-based Powerupcloud is one such company, and it has an interesting story. PowerupCloud initially started as a Cloud and Big Data consulting startup in June 2015. The founding team consists of Ankit Garg (COO), Ranjeeth Kuppala (CTO), Siva Surendira (CEO), Ram Kumar (Director-Engineering) and Arun Britto Lawrence (Director-Analytics)...

Why Cloud Player Datapipe Is Acquiring This U.K. Startup

Grazed from Fortune. Author: Barb Darrow.

Datapipe, which over the past three years has been busy snapping up cloud computing properties, is at it again: This time out, it is buying Adapt, a U.K.-based company that helps customers run Amazon Web Services. Terms were not disclosed. Adapt is what is called a “managed services provider,” or MSP, which means it offers an array of technology services in a way that is theoretically easy for the business customer to use.

An MSP is often thought of as a sort of outsourced IT professional. It might run the customer’s email and provide related security and other services, for example in a way so the customer does not have to sweat the details of upgrades and patches etc. The Adapt deal comes about a year after Datapipe bought DualSpark, a company founded by former Amazon AMZN 0.08% personnel to make it easier to move business applications from internal equipment to the AWS cloud, which is a massive array of servers, storage, and networking owned and managed by AWS...

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Cloud Computing: Hewlett Packard Enterprise Just Spent Millions on This Supercomputer Maker

Grazed from Fortune. Author: Jonathan Vanian.

It’s all about the data. Hewlett Packard Enterprise isn’t slimming today. The business technology giant said Thursday that it will buy computing hardware maker SGI for roughly $275 million. HPE said the deal should close in the first quarter of its fiscal 2017 as long as regulators approve it.

For the past several months, HPE has been slicing off chunks of its business it no longer wants, like a majority stake in the Indian outsourcing subsidiary Mphasis it sold for $825 million in April, and an IT services business group it spun out and merged with Computer Sciences in May to form a new joint venture...

Cloud Computing: Salesforce buys Quip for $582 million

Grazed from CBR. Author: James Nunns.

Salesforce has again decided to splash the cash in order to boost its portfolio this time with the acquisition of productivity software maker Quip. The deal, which will be for $582 million in stock, will add to Salesforce’s portfolio a number of programs for creating documents and spreadsheets.

Quip’s products are designed for collaboration using mobile devices, something which should be a boost to the CRM vendor as it looks to advance its mobile offering. Another angle to the deal is that Quip is a competitor of Microsoft Office and Alphabet’s Google Docs...

Cloud computing just had another amazing, awesome, over-the-top good week

Grazed from NetworkWorld. Author: Frederic Paul.

Cloud computing has been on a roll for a while now, and instead of slowing down, it just keeps speeding up. Last week, for example, the cloud hit the accelerator big time, as demonstrated by a pair of key developments:

First, Amazon announced record quarterly results for Amazon Web Services (AWS). AWS simply blew through its Q2 numbers, hitting $2.9 billion in revenue, which was up more than $1 billion from the same quarter in 2015. Yes, quarterly revenue increased by a billion dollars in just one year...

Oracle to Buy Cloud-Software Provider for $9.3 Billion

Grazed from Nasdaq. Author: Editorial Staff.

Oracle Corp. agreed to pay $9.3 billion for a cloud-computing pioneer that counts Larry Ellison as a major investor, using its second-largest acquisition to try to catch up in a key area where it has lagged.

Oracle said it is paying $109 a share in cash for NetSuite Inc., a 19% premium to the company's closing price Wednesday of $91.57. The deal is raising questions about the role of Mr. Ellison, Oracle's chairman, who is the biggest shareholder in both companies...

LogMeIn Merging with Citrix's GoTo Business - A Deal Valued at $1.8 Billion

Article Written by David Marshall

LogMeIn and Citrix Systems announced that the companies have entered into a definitive merger agreement for LogMeIn to combine with Citrix's GoTo business in a deal valued at approximately $1.8 billion.  The deal will enable Citrix to focus on its other products, including XenDesktop and XenApps.

Back in November, Citrix announced that it would spin off its GoTo family of products as a separate company.  By combining the spinoff with a merger, the transfer will be tax free for Citrix in a move known as a "Reverse Morris Trust."

The transaction has been unanimously approved by the boards of directors of both companies.  According to officials with both companies, the deal, expected to close in the first quarter of 2017, will create a software-as-a-service (SaaS) business with a diverse product portfolio and greater resources to drive innovation. 

Cloud Computing: Dell/EMC - Biggest Merger in IT History Approved by Shareholders

Grazed from TopTechNews. Author: Shirley Siluk.

Shareholders of EMC Corp. today overwhelmingly voted in favor of the company's planned merger with Dell Inc. -- a more than $60 billion transaction that's been described as the biggest tech deal in history. According to a preliminary tally, 98 percent of EMC shareholders who voted were in favor of the merger.

Final results are set to be filed with the U.S. Securities and Exchange Commission later this week. The shareholders casting votes represented about 74 percent of EMC's outstanding common stock. As part of the transaction, Dell, which ceased being a publicly traded company in 2013, must compensate EMC shareholders for taking the firm private...

Cloud Computing: Rumor - Dell to Aquire WMWare

Grazed from LinkedIn. Author: Karl Kvalvik.

I was speaking with an anonymous insider in Dell and it sounds like Dell is finalizing it's acquisition of VMWare.

Dell's acquisition of EMC, sell off of it's software divisions, and now the rumored acquisition of Vmware with it's vCloud Air cloud technology; It certainly appears as though Dell is ramping up to contend with Google Cloud Platform, Microsoft Azure, and Amazon AWS...

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Samsung to Acquire Public and Private Cloud for IoT Applications

Grazed from Engineering. Author: Editorial Staff.

Samsung Electronics recently announced its plans to acquire the public and private cloud provider Joyent. While Joyent will continue to operate as an independent company, Samsung hopes to soon be able to take advantage of Joyent’s cloud technology to further its own Internet of Things (IoT) and cloud-based initiatives.

Though the acquisition is yet to be finalized, both companies can expect to benefit from the partnership. Joyent offers several cloud solutions, including Node.js production support, containers as a service and scalable object storage. On the other hand, Samsung’s brand, capital and global scale offer Joyent plenty of room to grow...