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.

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

(c)iStock.com/Jonathan Maddock

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.

Google acquires Orbitera to bolster multi-cloud play

(c)iStock.com/Nicolas McComber

Google has announced the acquisition of Orbitera, a cloud commerce platform, to help boost its multi-cloud efforts with one eye on rivals Amazon Web Services (AWS) and Microsoft.

“Orbitera has built a strong ecosystem of enterprise software vendors delivering software to multiple clouds. This acquisition will not only improve the support of software vendors on Google Cloud Platform, but reinforces Google’s support for the multi-cloud world,” said Nan Boden,...

By James Bourne, 09 August 2016, 0 comments. Categories: Economy, Google, M&A, Software.

Oracle buys NetSuite for $9.3bn to further strengthen its cloud story

(c)iStock.com/maybefalse

Updated 1758 BST Oracle has announced the acquisition of cloud ERP software provider NetSuite for $9.3 billion (£7.07bn).

The move had been rumoured strongly for the past couple of weeks – and certainly in the back of people’s minds for a significantly longer period of time – yet the agreement was confirmed today, and is expected to close later this year subject to...

By James Bourne, 28 July 2016, 0 comments. Categories: ERP, M&A, SaaS , Software.

Samsung acquires Joyent in greater cloud push after finding synergies

(c)iStock.com/KreangchaiRungfamai

Samsung has agreed to acquire California-based cloud provider Joyent, adding another cloud platform to the Korean giant’s ever-increasing portfolio of mobile, cloud and IoT services.

The move came after Samsung assessed a “wide range of potential companies in the public and private cloud infrastructure space”, and saw Joyent as the standout with an “experienced management team with deep domain expertise and a robust cloud technology,” according...

By James Bourne, 16 June 2016, 0 comments. Categories: Infrastructure, M&A.