Cloud – SiliconANGLE

Privileged access management: Delinea’s strategy for tackling cloud-based identity risks

Sead Fadilpasic — Fri, 31 May 2024 18:32:13 +0000

Delinea Inc. is leading the charge in privileged access management solutions, focusing on identity access management and the challenges of interconnected systems in the evolving digital landscape. As companies increasingly transition to cloud-based infrastructures, managing the surge in identities has become a critical concern. This is an important shift, especially considering the explosion in identities […]

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Dave Vellante’s Breaking Analysis: The complete collection

Dave Vellante — Fri, 31 May 2024 10:33:12 +0000

Breaking Analysis is a weekly editorial program combining knowledge from SiliconANGLE’s theCUBE with spending data from Enterprise Technology Research. Branded as theCUBE Insights, Powered by ETR, the program is our opportunity to share independent, unfiltered editorial with SiliconANGLE, theCUBE and Wikibon communities. The program and conclusions we produce are data-driven, tapping ETR’s proprietary spending data set. Episode 221 – […]

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Asana impresses investors with better-than-expected results

Duncan Riley — Fri, 31 May 2024 00:14:53 +0000

Asana Inc. impressed investors with its earnings report today, beating expectations on revenue and earnings in its fiscal 2025 first quarter. For the quarter that ended on April 30, Asana reported an adjusted loss per share of six cents, up from a loss of nine cents per share in the same quarter of last year, […]

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Elastic shares climb 8% on strong earnings and revenue beats in fourth quarter

Duncan Riley — Thu, 30 May 2024 23:47:16 +0000

Shares in Elastic N.V. rose nearly 8% in late trading after the enterprise-grade search software company today reported better-than-expected results in its fiscal 2024 fourth quarter. For the quarter that ended on April 30, Elastic reported adjusted earnings per share of 21 cents on revenue of $335 million, the latter up 20% year-over-year. Both were beats, […]

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Multicloud environments and AI: Dell Technologies’ strategy for modern enterprises

Sead Fadilpasic — Thu, 30 May 2024 21:08:03 +0000

As businesses strive to optimize their IT infrastructure, the interplay between on-premises solutions and multicloud environments becomes increasingly significant. The industry is seeing a shift towards more flexible and comprehensive solutions that cater to these evolving needs. These solutions aim to deliver a consistent experience regardless of where the workloads are managed, according to Varun Chhabra […]

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Nutanix CEO sees sales slowdown as temporary

Paul Gillin — Thu, 30 May 2024 15:55:20 +0000

With its stock down more than 20% this morning following a disappointing outlook issued during yesterday’s earnings call, Nutanix Inc. ad its Chief Executive Rajiv Ramaswami maintained the sales slowdown the company is seeing is temporary and several large contracts currently in negotiation will boost the Nutanix’s fortunes in the near term. In a briefing […]

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Salesforce shares tumble after-hours on first earnings miss since 2006

Duncan Riley — Wed, 29 May 2024 23:39:46 +0000

Shares in Salesforce Inc. plunged over 15% in after-hours trading today after the cloud-based software company missed on revenue in its fiscal first quarter — the first time it has reported a revenue miss since 2006 — and also fell short on its outlook. For its first quarter ended April 30, Salesforce reported adjusted earnings […]

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How hybrid cloud environments are transforming IT operations

Sead Fadilpasic — Wed, 29 May 2024 16:50:04 +0000

In the world of enterprise IT, the push towards hybrid cloud environments is revolutionizing the industry. Recent discussions between Dell Technologies Inc. and Red Hat Inc. have highlighted their innovative partnership aimed at integrating artificial intelligence into existing IT infrastructure. This collaboration is not just about technology but about creating seamless, automated solutions that enhance […]

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What to expect during the AWS Financial Services Symposium: Join theCUBE for exclusive coverage

Mark Albertson — Wed, 29 May 2024 16:10:59 +0000

How is the financial services industry embracing artificial intelligence, and how will this AI transformation impact Amazon Web Services Inc. as it seeks to increase its presence in this sector? These two questions will be a central focus of coverage for theCUBE, SiliconANGLE Media’s livestreaming studio, at the AWS Financial Services Symposium in New York […]

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Harness acquires Split Software to enable feature flag experimentation in software workflows

Mike Wheatley — Wed, 29 May 2024 16:00:50 +0000

Continuous software delivery startup Harness Inc. said today it has entered into a definitive agreement to acquire a rival company called Split Software Inc., which specializes in feature flag management and experimentation. Harness said it intends to integrate Split’s capabilities into its own platform, so its customers will be able to experiment and deploy new features […]

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Data privacy startup Zendata launches with $2M in funding

Maria Deutscher — Wed, 29 May 2024 13:00:31 +0000

Zendata Inc., a new startup that provides data privacy software for enterprises, launched this morning with $2 million in seed funding. The capital was provided by PayPal Ventures, First-hand Alliance, Geek Ventures and Altari Ventures. Zendata also disclosed that it has been accepted into an eight-week accelerator program run by Race Capital, an early Databricks Inc. […]

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Box beats targets on earnings, but light guidance holds stock price in check

Mike Wheatley — Tue, 28 May 2024 23:57:31 +0000

Cloud content management company Box Inc. delivered a comfortable earnings and revenue beat today, increasing its profitability, but the results failed to impress investors all that much, as its stock was flat after-hours. The company reported first-quarter earnings before certain costs such as stock compensation of 39 cents per share, just ahead of the Street’s […]

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Transcend reels in $40M for its data privacy management toolkit

Maria Deutscher — Tue, 28 May 2024 21:55:47 +0000

Transcend Inc., a startup that helps enterprises process their users’ data in a manner that complies with privacy regulations, has secured a $40 million funding round. The company said in its announcement of the raise today that StepStone Group was the lead investor. HighlandX, Accel, Index Ventures, 01 Advisors (01A), Script Capital and South Park […]

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Bridgepoint acquires majority stake in intranet startup LumApps at $650M valuation

Maria Deutscher — Tue, 28 May 2024 20:19:35 +0000

Private equity firm Bridgepoint is acquiring a majority stake in LumApps SAS, a French startup with an internet platform used by about 5 million workers. The companies said in their announcement of the deal on Monday that it’s worth $650 million. LumApps previously raised more than $100 million in funding from institutional investors. Four of […]

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Report: AWS to spend billions on new cloud data center infrastructure in Italy

Mike Wheatley — Mon, 27 May 2024 23:51:36 +0000

Amazon.com Inc.’s cloud computing business is holding talks with the Italian government over a potential multibillion-dollar investment that will see it expand its data center operations in the country, in line with plans to boost its presence across Europe. That’s according to a report by Reuters, which cites four people familiar with the talks as […]

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Financial software maker AuditBoard to be acquired by Hg Capital for $3B+

Maria Deutscher — Fri, 24 May 2024 22:24:50 +0000

AuditBoard Inc., the developer of a software platform that helps enterprises ensure their financial reports are accurate, will be acquired by Hg Capital for over $3 billion. The companies announced the deal on Thursday. Citing sources familiar with the matter, Axios reported today that AuditBoard had previously rejected multiple takeover bids and was preparing to […]

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Workday’s stock drops on mixed financial results and lower guidance

Mike Wheatley — Fri, 24 May 2024 01:38:54 +0000

Shares of the human resources software company Workday Inc. initially fell more than 11% in extended trading today after it offered a disappointing forecast, only to recover somewhat once investors had time to digest its latest financial report. The company’s results were mixed. It reported first-quarter earnings before certain costs such as stock compensation of […]

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Cloud cost optimization startup Finout reels in $26.3M in Series B funding

Mike Wheatley — Thu, 23 May 2024 12:00:10 +0000

Finout Ltd., the financial operations startup helping companies to manage, allocate and reduce cloud spending across any cloud infrastructure platform, has raised $26.3 million in a new funding round, it announced today. Leading the Series B investment was Red Dot Capital, which was joined by new investor Maor Investments and existing backers Team8, Pitango and […]

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Strong fiscal earnings performance drives Zuora stock up nearly 10% after-hours

Duncan Riley — Wed, 22 May 2024 23:27:59 +0000

Shares of cloud subscription services company Zuora Inc. rose nearly 10% in late trading today after the company surprised investors with revenue and earnings beats in its fiscal 2025 first quarter. For the quarter that ended on April 30, Zuora reported adjusted earnings per share of 11 cents, up from five cents per share in the same […]

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PagerDuty Operations Cloud gets a boost with new AI and automation capabilities

Duncan Riley — Wed, 22 May 2024 13:00:02 +0000

Analytics and observability firm PagerDuty Inc. today launched new capabilities and upgrades to its PagerDuty Operations Cloud that are designed to assist in the resolution of operational issues and increase revenue. The new capabilities are pitched as helping enterprises modernize their operations centers by standardizing automation practices, transforming management and automating remote-location operations. With the […]

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Microsoft simplifies Azure provisioning and debuts first VMs based on its custom silicon

Paul Gillin — Tue, 21 May 2024 15:30:04 +0000

Microsoft Corp.’s Build conference in Seattle this week will launch several enhancements to the company’s Azure public cloud. Azure Compute Fleet is a new service in preview intended to simplify the provisioning of Azure compute capacity across different virtual machine types, availability zones and pricing models. Microsoft said it should dramatically simplify how Azure compute capacity is currently provisioned and managed. Customers […]

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Nutanix goes all-in on Kubernetes, bids for VMware defectors

Paul Gillin — Tue, 21 May 2024 11:30:27 +0000

Nutanix Inc. today announced a broad set of enhancements to its core infrastructure software and its Project Beacon portfolio of data-centric platform-as-a-service offerings that can run across multiple cloud and on-premises platforms. The company is aiming to cater to the 80% of organizations that use multiple public cloud platforms or plan to in the future. It’s also looking […]

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Zoom delivers earnings beat and lifts its full-year guidance, but investors are unimpressed

Mike Wheatley — Mon, 20 May 2024 23:58:18 +0000

Zoom Video Communications Inc. posted fiscal first-quarter profit, earnings and sales that came in just ahead of Wall Street’s expectations, assisted by the rollout of artificial intelligence across more of its products, but the company’s near-term forecast came up light, sending its stock slightly lower in extended trading today. The company reported net income for […]

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Cloud developer tools startup Replit lays off 20% of its workforce amid generative AI push

Mike Wheatley — Fri, 17 May 2024 01:26:11 +0000

Developer tooling startup Replit Inc., which has emerged at the forefront of the push toward generative artificial intelligence coding, has announced it’s letting go of 30 of its staff, or just under 20% of its total workforce. The news came via an email from Replit Chief Executive Amjad Masad to the company’s employees, which was posted […]

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Frontend development startup Vercel valued at $3.25B following new $250M round

Maria Deutscher — Thu, 16 May 2024 22:04:36 +0000

Vercel Inc., a startup that helps developers build web application frontends faster, has secured $250 million in fresh funding at a $3.25 billion valuation. Reuters reported the Series E investment today. It was led by Accel with participation from Alphabet Inc.’s GV startup fund, CRV and a half-dozen other investors. Vercel’s annual recurring revenue reportedly […]

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Alkira reels in $100M for its cloud networking platform

Maria Deutscher — Wed, 15 May 2024 14:00:06 +0000

Cloud networking startup Alkira Inc. today announced that it has secured a $100 million Series C funding round led by Tiger Global. The investment, which brings the company’s total outside capital to $176 million, included the participation of NextEquity Partners, Dallas Venture Capital and Geodesic. Returning backers Sequoia Capital, Kleiner Perkins and KDT contributed as […]

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Longtime AWS executive Matt Garman to succeed Adam Selipsky as CEO

Maria Deutscher — Tue, 14 May 2024 18:06:58 +0000

Amazon.com Inc. has named Matt Garman the new chief executive officer of its Amazon Web Services Inc. cloud division. Amazon CEO Andy Jassy announced the leadership change in a memo to employees made public this morning. Garman, a longtime AWS executive who was the first product manager of the Amazon EC2 instance line earlier in […]

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Ironclad takes on Adobe and Docusign with new ‘contract-native’ eSignature service

Duncan Riley — Tue, 14 May 2024 16:00:11 +0000

Digital contract management software startup Ironclad Inc. today announced the launch of Ironclad Signature, a “contract-native” contextual signature service with an aim to reimagine how businesses sign and manage contracts. Ironclad’s first entry into the $25 billion eSignature market, one dominated by the likes of Docusign Inc., Adobe Corp. and Zoho Corp. Pvt. Ltd., Ironclad Signature differs […]

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CI/CD platform startup Harness raises $150M to accelerate software delivery

Mike Wheatley — Tue, 14 May 2024 12:00:21 +0000

Continuous software delivery startup Harness Inc. is looking to expand its platform and kickstart the next stage of its growth after closing on a $150 million round of debt financing today. The latest round, which brings the company’s total amount of equity and debt raised to more than $500 million, was led by Silicon Valley […]

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Squarespace to be taken private by Permira in $6.9B acquisition

Maria Deutscher — Mon, 13 May 2024 20:54:40 +0000

Private equity firm Permira is acquiring Squarespace Inc., a major provider of website development and hosting tools, in an all-cash transaction worth $6.9 billion. The companies announced the deal today. Squarespace investors are set to receive $44 per share, a 15% premium over the Friday closing price. Squarespace launched in 2003 and raised its first […]

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