How cloud is ‘background radiation’ in a record tech M&A 2016

The cloud tech IPO landscape may have struggled a little of late, but the analysts at EY – formerly Ernst & Young – argue that on a global scale, 2016 saw an all-time record high in overall technology activity due to the “massive digital transformation” caused by disruptive technologies.

The overall aggregate 2016 value of $466.6 billion (£373bn) was up 2% over 2015’s previous record, while the Q416 figure of $117.2bn was down 38% year over year.

For the full year of...

By James Bourne, 23 February 2017, 0 comments. Categories: Industry, M&A, Research, SaaS , Software.

Where is the true state of the cloud in 2017? Analysing two influential reports

(c)iStock.com/Serjio74

Two reports have hit this publication’s inbox around the ‘state of the cloud’ in recent days; a study from RightScale argues the market is growing at a solid clip, while the summary from Bessemer Venture Partners’ (BVP) Byron Deeter found an industry which struggled at the start of 2016 but has since roared back.

While both reports differ – RightScale focuses on the adoption and vendors, while Deeter looks almost exclusively at the financial angle –...

By James Bourne, 16 February 2017, 0 comments. Categories: Data & Analytics, DevOps, Enterprise, Infrastructure, M&A, Research.

The quarterly verdict: How do Google, IBM and Microsoft all stack up?

(c)iStock.com/CatLane

It’s that time again; another quarter passes by and with it comes a variety of financial reports from the big hitters. Alphabet, the parent company of Google, IBM, and Microsoft have all filed within the past week – so what do the figures all mean?

Top line highlights:

  • IBM’s cloud revenue was at $13.7 billion for the full year of 2016, up 35%, while fourth quarter cloud revenues increased 33% to $4.2bn
  • Microsoft’s commercial cloud annualised revenue run rate hit $14 billion, with Azure revenue up 95% in constant currency...

By James Bourne, 27 January 2017, 0 comments. Categories: Amazon, Economy, Infrastructure, M&A, Microsoft.

CA Technologies acquires Automic in €600m deal

(c)iStock.com/RyanKing999

US tech giant CA Technologies has announced its intent to acquire business automation software provider Automic in a reported €600 million (£505m) deal.

The move is to enhance CA’s European reach, as well as adding automation and orchestration capabilities across its portfolio.

“With the acquisition of Automic, we will deliver automation, scale work flows and business processes while reducing costs and greatly improving accuracy,” said Ayman Sayed, CA...

By James Bourne, 05 December 2016, 0 comments. Categories: M&A, Software.

UpCloud raises £3.4m in series A for competitive high performance cloud

(c)iStock.com/urbancow

Say hello to UpCloud. The Finland-based cloud provider has secured €4 million (£3.4m) in a series A funding round, and is looking to expand its team with the proceeds.

The startup, which was founded in 2011, currently has four data centres in Chicago, Frankfurt, Helsinki, and London, and was recently named by Deloitte as one of the top three fastest growing technology firms in Finland.

UpCloud aims squarely at the ‘cost-effective, high performance’ space, and is naturally...

By James Bourne, 30 November 2016, 0 comments. Categories: Data & Analytics, Data Centres, Europe, Infrastructure, M&A.

Oracle completes $9.3bn NetSuite deal after bump in road

©iStock.com/maybefalse

Oracle has announced the completion of cloud ERP software provider NetSuite for $9.3 billion after shareholders approved the transaction.

In a short note issued earlier this week, the company confirmed that the acquisition would be completed by November 7, after a small majority – 53% - of NetSuite shares had been tendered in favour of the agreement. The original tender date expired on November 4, while the...

By James Bourne, 09 November 2016, 0 comments. Categories: ERP, M&A, Software.

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

(c)iStock.com/miki1991

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.

451 Research: 60% of workloads running in cloud by 2018 – and the rise of cloud-first

(c)iStock.com/mushakesa

According to the latest forecast from 451 Research, three in five enterprise workloads will run in the cloud by mid-2018, up from two in five (41%) today.

The analyst firm argues there will be strong growth in particular enterprise workload categories, including data and analytics and business applications. In the same timeframe, almost a quarter (23%) of enterprise workloads will be software as a service (SaaS), compared to 12% for IaaS. 451 argues that IaaS will be the highest...

By James Bourne, 05 September 2016, 0 comments. Categories: IaaS, Infrastructure, M&A, Research, SaaS , Software.

Box cites importance of IBM partnership in latest financial results

(c)iStock.com/ngkaki

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.