Rackspace abandons takeover plans, appoints Taylor Rhodes as CEO

Open source cloud provider Rackspace has dismissed all merger and acquisition discussion to continue with its current independent trajectory – and has named Taylor Rhodes as new chief executive.

Rhodes joined Rackspace in 2007 and was appointed president of the company back in January. He takes over from Graham Weston, CEO from 1999 to 2006, who had temporarily held the fort since the shock retirement of Lanham Napier in February.

“Our board conducted a thorough search of highly qualified internal...

By James Bourne, 17 September 2014, 0 comments. Categories: Acquisition, Hybrid.

HP buys Eucalyptus to offer cloud compatibility products

Eucalyptus is known in the cloud arena as being an open source offering that gives private cloud engineers the tools they need work seamlessly with Amazon Web Services APIs. Eucalyptus helps organizations pool together their resources such as compute, network and storage which in turn gives end users the ability to tap into on-demand resources within hybrid and private clouds.

It is being reported that HP has purchased Eucalyptus for an undisclosed...

By CloudWedge, 12 September 2014, 0 comments. Categories: Acquisition.

NetSuite acquires e-commerce provider Venda for greater European investment

Cloudy ERP and CRM provider NetSuite has snapped up London-based e-commerce provider Venda in a move which signals a concerted effort by both companies for omnichannel commerce in the cloud.

The two companies told CloudTech they had first met about four years ago, with the deal – the terms of which were not disclosed – coming about as both firms “share the same DNA”, according to Venda CTO and co-founder James Cronin.

Pete Daffern, president EMEA at NetSuite, told CloudTech: “We’ve been...

By James Bourne, 18 July 2014, 0 comments. Categories: Acquisition, Enterprise.

TwinStrata gets snapped up by EMC as part of VMAX product shift

Cloud-integrated storage provider TwinStrata has been acquired by cloudy giant EMC as part of a shift of its VMAX product to more agile enterprise storage.

The full product name is VMAX³ Family, which claims to be a hugely powerful system compared to the previous iterations. VMAX³ offers up to three times faster performance and half the total cost of ownership when stood next to the previous generation product.

According to EMC, the new portfolio aims to offer greater simplicity and agility while...

By James Bourne, 08 July 2014, 0 comments. Categories: Acquisition, Data, Storage.

Is Rackspace considering exit options?

RackSpace has recently confirmed that they have retained Morgan Stanley in order to begin entertaining acquisition or partnership requests. As Cloud’s Big Three began their race to the bottom in regards to pricing, it left many industry analysts wondering what would happen to RackSpace once the dust settled.

RackSpace has become an important player in the cloud market. Although the company is a publically traded stock, it seems as if RackSpace just doesn’t have the...

By CloudWedge, 22 May 2014, 0 comments. Categories: Acquisition, Industry.

It's advantage to IBM in the Asia-Pacific cloud race

Adrian Ho, Principal Analyst, Enterprise

There is mounting enthusiasm for cloud services in the Asia-Pacific region, and enterprises are building the business case for cloud. The ultimate aim for enterprises is to build secure but extremely agile ICT infrastructures that will allow them to be nimble and innovative, and to move faster than their competitors. The cloud dividend delivers the highest yield for enterprises if it can help them to achieve that competitive advantage over their peers.

A series of...

By Ovum StraightTalk, 02 May 2014, 0 comments. Categories: Acquisition, IaaS.

The best cloud computing companies and CEOs to work for in 2014

2014 continues to be a year marked by the accelerating hiring cycles across nearly all cloud computing companies.

Signing bonuses of $3K to $5K for senior engineers and system design specialists are becoming common, and the cycles from screening to interviews to offers is shortening.  The job market in the cloud computing industry is leaning in favor of applicants who have a strong IT background in systems integration,...

By Louis Columbus, 04 March 2014, 3 comments. Categories: Acquisition, Analysis, Industry.

New cloud contact center capabilities strengthen Aspect’s market position

Aphrodite Brinsmead, Senior Analyst, Customer Engagement

At its industry analyst conference in Phoenix, Arizona in January 2014, Aspect proudly discussed its newly refocused business. Two years ago the vendor was working closely with Microsoft and struggling to gain new business in a saturated contact center infrastructure market. However, Aspect begins 2014 with new products, strong financials for 2013, and a positive growth forecast.

The strategic acquisitions it made in 2013 have helped Aspect get back on...

By Ovum StraightTalk, 21 January 2014, 0 comments. Categories: Acquisition, Analysis, Consumer, Security.

China Unicom enters cloud race with Wo-Cloud service

The past couple of weeks have seen a variety of updates from players looking to up their cloudy stake in China, including Amazon and IBM.

Now China Unicom has joined the race, offering a service called Wo-Cloud, according to a report from Web Hosting Daily.

According to the firm’s president, Lu Yimin, China Unicom will focus on the IaaS and PaaS area.

“China Unicom will rely on its advantages in...

By James Bourne, 02 January 2014, 0 comments. Categories: Acquisition, Adoption, Enterprise, IaaS, PaaS.

Best and worst performing cloud computing stocks in 2013

Cloud computing stocks continue to show wide variation in performance throughout the first half of this year.

Ten of the twenty companies in the Cloud Computing Stock Index delivered returns to shareholders with NetSuite leading with a 37.30% share gain, delivering $13,730 on $10,000 invested on January 2, 2013.

To more fully define the stock performance of these companies, I’ve added Earnings Per Share (EPS), Price/Earnings Ratio, Year-To-Date (YTD) Total Gains or Loss, Annualized Gain or Loss, and Total Dollar...

By Louis Columbus, 10 July 2013, 0 comments. Categories: Acquisition, Enterprise, Research, VMware.