Category: Top Stories

Slack stock soars 60% in direct NYSE listing, now valued at $21B

Slack stock soars 60% in direct NYSE listing, now valued at $21B

Slack stock soars 60% in direct NYSE listing, now valued at $21B 1
Slack Technologies Inc. today made its long-anticipated debut on the New York Stock Exchange at $38.50 a share, tripling its valuation to a stunning $21 billion.  The stock kept rising in early trading and quickly passed the $40 mark. Slack, trading under the ticker symbol “WORK,” is now hovering around $41.70 a share, which is […]

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Slack stock soars 60% in direct NYSE listing, now valued at $21B

Slack stock soars 60% in direct NYSE listing, now valued at $21B

Slack stock soars 60% in direct NYSE listing, now valued at $21B 2
Slack Technologies Inc. today made its long-anticipated debut on the New York Stock Exchange at $38.50 a share, tripling its valuation to a stunning $21 billion.  The stock kept rising in early trading and quickly passed the $40 mark. Slack, trading under the ticker symbol “WORK,” is now hovering around $41.70 a share, which is […]

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Slack stock soars 50% in direct NYSE listing, now valued at $20B+

Slack stock soars 50% in direct NYSE listing, now valued at $20B+

Slack stock soars 50% in direct NYSE listing, now valued at $20B+ 3
Updated: Slack Technologies Inc. today made its long-anticipated debut on the New York Stock Exchange at $38.50 a share, tripling its valuation to a stunning $21 billion.  The stock kept rising in early trading and quickly passed the $40 mark. Slack, trading under the ticker symbol “WORK,” is now hovering around $41.70 a share, which […]

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Unicorn sighting: Druva lands $130M for its cloud-native data protection service

Unicorn sighting: Druva lands $130M for its cloud-native data protection service

Unicorn sighting: Druva lands $130M for its cloud-native data protection service 4
Cloud data protection startup Druva Inc. today said it has raised $130 million in new investment, bringing its total funding to $328 million and vaulting it into the ranks of “unicorns,” or startups with an estimated value of more than $1 billion. This is the seventh funding round for the company, which provides cloud-native backup and […]

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Oracle earnings outperform on cloud applications growth

Oracle earnings outperform on cloud applications growth

Oracle earnings outperform on cloud applications growth 5
Database giant Oracle Corp. delivered relatively strong fourth-quarter earnings today, beating estimates thanks in part to rapid growth in its Fusion and NetSuite cloud applications business. The company reported earnings before certain costs such as stock compensation of $1.16 per share on revenue of $11.1 billion, up 1% from the same period a year ago. Wall Street […]

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With Azure Bastion, Microsoft delivers private virtual machine access

With Azure Bastion, Microsoft delivers private virtual machine access

With Azure Bastion, Microsoft delivers private virtual machine access 6
Microsoft Corp. today announced a preview of its new Azure Bastion service, which allows companies to connect to Azure virtual machines via a private internet connection. The company said the managed service is an additional safeguard for security-conscious organizations that don’t want to connect to their Azure VMs via public internet connections, which can sometimes pose […]

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HPE ups its hybrid cloud game with intelligent management and high-end storage array

HPE ups its hybrid cloud game with intelligent management and high-end storage array

HPE ups its hybrid cloud game with intelligent management and high-end storage array 7
Hewlett Packard Enterprise Co. is kicking off its annual Discover conference this week with a host of announcements aimed at moving its hybrid cloud initiative ahead and folding artificial intelligence into its infrastructure management offerings. Updates include the extension of current machine-learning-driven operations and composable infrastructure options across its portfolio, new workload-optimized infrastructure, a new […]

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At TIBCO Now, a corporate cultural innovation shift on the wind

At TIBCO Now, a corporate cultural innovation shift on the wind

At TIBCO Now, a corporate cultural innovation shift on the wind 8
We can talk about innovation in business terms of its impact on revenue and profit, or in productivity terms of agile releases and faster resolutions. But the most sustainable class of innovation comes from a cultural shift in the mindset of organizations. Though culture implies warm and fuzzy elements, don’t let me make it sound […]

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GitHub acquires Pull Panda to power up collaboration for software teams

GitHub acquires Pull Panda to power up collaboration for software teams

GitHub acquires Pull Panda to power up collaboration for software teams 9
GitHub has acquired Pull Panda Inc., a small startup that makes collaboration tools for software teams. The terms of the deal, which was announced today, aren’t being disclosed. It was most likely a small transaction: Pull Panda only launched about 18 months ago and its LinkedIn page lists founder Abi Noda as the sole employee. […]

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VMware to acquire Avi Networks to make data centers cloudier

VMware to acquire Avi Networks to make data centers cloudier

VMware to acquire Avi Networks to make data centers cloudier 10
In a continuing bid to help data centers become more cloudlike, VMware Inc. today said it plans to acquire Avi Networks Inc. for an undisclosed price. Avi provides application delivery services to large enterprises such as Deutschebank, Cisco Systems Inc. and Adobe Systems Inc. what it calls a multicloud fabric, in particular helping balance application loads across […]

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