Skyhigh Networks grabs $40 million in series D funding in profitability push

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Cloud security services provider Skyhigh Networks has secured $40 million (£30.9m) in a series D funding round which will aim to steer the California-based firm “through to profitability.”

The round was led by Thomset Ventures, with Sequoia Capital and Greylock Partners also contributing. Total venture capital to Skyhigh, launched only in February 2013, is now at $105.5m.

Skyhigh’s proposition is through being a leading ‘cloud access security broker’...

By James Bourne, 26 September 2016, 0 comments. Categories: Economy, M&A, Security.

Oracle’s cloud sales approach $1bn, attacks Workday and AWS in results

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Oracle has announced total revenues of $8.6 billion (£6.6bn) in its first quarter 2017 financial results, up 3% in constant currency and with the cloud change at the heart of it.

Addressing analysts after the results were announced, Safra Catz, Oracle co-CEO, said in her first remarks, as transcribed by Seeking Alpha: “Clearly, we are pleased with our...

By James Bourne, 16 September 2016, 0 comments. Categories: Economy, Infrastructure, Platform, Software.

Not so fantastic Mr Fox: How the cloud enables British business to work harder than ever

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During a speech at a Conservative Way Forward event on September 9, Liam Fox, the International Trade Secretary, said that Britain had become “too lazy and too fat”, with businessmen preferring “golf on a Friday afternoon” to trying to boost the country’s prosperity.

While somewhat diffused by Downing Street later as “clearly private views”, his statement was certainly thought provoking.

As the CEO of a company that provides cloud-based IT...

By Joseph Blass, 16 September 2016, 0 comments. Categories: Adoption, Economy, Enterprise, Software.

How the public cloud can benefit global entities and transactions

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Editor’s note: This is the second part of a two-part series following up on the July piece ‘How the public cloud can benefit the global economy’, which drills down into two of the four areas outlined – better coordination of efforts between international entities, and increased speed of international transactions. The below is an image created by Chef Software which outlines the four towers. You can read part one, focusing on new business models and data sharing and...

By David Auslander, 08 September 2016, 0 comments. Categories: Economy, Infrastructure, Public.

Box cites importance of IBM partnership in latest financial results

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Enterprise cloud storage firm Box has reported record quarterly revenue of $95.7 million (£72.1m) for Q217, as well as billings of $106.5 million.

The figures show a business which is edging closer to profitability. Free cash flow in the second quarter was negative $8m compared with negative $39.8m this time last year, while GAAP operating loss totalled 40% of revenue at $37.9m, compared to $49.8m and 68% of revenue in Q216.

Among the customer wins for Box in the quarter were Electronic Arts,...

By James Bourne, 01 September 2016, 0 comments. Categories: Economy, M&A, Software, Storage.

Public cloud and the global economy: Digging further into the opportunities

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Editor's note: This article is a follow-up to the July piece ‘How the public cloud can benefit the global economy’, which drills down into two of the four areas outlined in that piece – how the public cloud enables new business models, and data sharing and collaboration between entities. The below is an image created by Chef Software which outlines the four towers.

By David Auslander, 25 August 2016, 0 comments. Categories: Economy, Infrastructure, Public.

DevOps and IT jobs continue to go up the pay scale – with the US best off

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Good news if you’re an IT practitioner or manager, particularly in the US, but not so good if you’re a sysadmin; the latest examination of IT salaries from automation and cloud software provider Puppet has found that more than half of IT bods in the US earn more than $100,000 per year, while manager salaries have gone ‘off the chart’.

The latest DevOps salary report, which garnered responses from more than 4,600 IT professionals, argues that the percentage of...

By James Bourne, 24 August 2016, 0 comments. Categories: DevOps, Economy, Research.

Multi-cloud gains more and more traction – but cost still the key factor

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New research released by Turbonomic and Verizon has revealed several key reasons for businesses wanting to adopt a multi-cloud strategy, from business continuity to resilience – yet cost is still a burning issue.

The study, which polled 1,821 IT decision makers, saw the need for business continuity as the most important business driver for adoption of multi-cloud, cited by 77% of respondents, ahead of increased resilience (74%), and reduction of operational expenditure (70%) and...

By James Bourne, 18 August 2016, 0 comments. Categories: Adoption, Economy, Infrastructure, Research, Vendors.

Brexit? What Brexit? Datapipe acquires UK-based managed cloud firm Adapt

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US cloud provider Datapipe has announced it is acquiring Britain-based managed cloud firm and AWS partner Adapt in an attempt to expand the firm’s European presence.

The firms took the unusual step of issuing two separate press releases to cover the same news. From the Adapt side, the company noted the move to Datapipe was a ‘non-disruptive addition’ due to the firm’s similar roadmaps and propositions.

“Adapt and Datapipe both have cultures that...

By James Bourne, 18 August 2016, 0 comments. Categories: Economy, Europe, Infrastructure, M&A.

IDC: Global revenues from public cloud will hit almost $200bn by 2020

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Global revenues from public cloud services will hit more than $195 billion (£150.2bn) by 2020, according to the latest forecast from analyst house IDC.

The new prediction, which arrives in the firm’s semi-annual public cloud services spending guide, argues 2020 will double 2016’s expected revenues of $96.5bn, and represents a compound annual growth rate (CAGR) of 20.4% between 2015 and 2020.

“Cloud software will significantly outpace traditional software product...

By James Bourne, 11 August 2016, 0 comments. Categories: Economy, Infrastructure, Public.