Arcserve Acquires FastArchiver
Arcserve, LLC, whose data protection and availability solutions deliver enterprise power with small team simplicity, announced its acquisition of custom-built email archiving technology, FastArchiver.
Violin Memory Acquired by Quantum Partners
Violin Memory, Inc. announced the completion of the restructuring and sale process it initiated in December, and its acquisition by Quantum Partners LP (Soros), a private investment fund managed by Soros Fund Management LLC (SFM).
Is that a Veeam in HPE’s eye? IT giant may gobble backup biz
Hewlett Packard Enterprise is interested in buying Veeam, sources tell us.
This sounds like speculation because it would be such a good acquisition for HPE – giving it the world’s leading independent backup software company and being, in a software sense, the equivalent of EMC buying Data Domain.
Betsol Acquires Rebit Software From Carbonite
BETSOL, provider of enterprise technology products and managed services, acquired Carbonite, Inc.’s Rebit6 and Rebit Unlimited products and certain related assets.
Aimed at both consumer and enterprise customers, the Rebit software excels at making backup simple. The solution combines cloud and local integration, delivering automatic and CDP without the need for complex setup, configuration, and scheduling.
Axway Acquires Syncplicity
Axway, a catalyst for transformation, announced the all-cash acquisition of Syncplicity LLC, in enterprise file sync and share (EFSS) solution that provides users with the experience and tools for secure collaboration.
Palo Alto Networks Acquires LightCyber for $105M
Security company Palo Alto Networks announced that it has acquired privately held security company LightCyber for $105 million in cash.
LightCyber makes an automated behavioral analytics technology that uses machine learning to identify attacks based on behavioral anomalies inside the network.
Promise Acquired Sales and Support of All Symply Products
Promise Technology Inc. alerts its customers and partners in rich media markets that the company is no longer being represented anywhere by Symply Inc.
As of March 2, 2017, Promise acquired the sales and support of all current Symply products and will resume sales of Promise branded rich media products.
HPE to Acquire Nimble Storage to Strengthen Leadership in Hybrid IT
Hewlett Packard Enterprise (NYSE:HPE) today announced it has entered into a definitive agreement to acquire Nimble Storage, the San Jose, Calif.-based provider of predictive all-flash and hybrid-flash storage solutions. HPE will pay $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion. In addition to the purchase price, HPE will assume or pay out Nimble’s unvested equity awards, with a value of approximately $200 million at closing.
Flash storage is a fast-growing market and an increasingly important element of today’s hybrid IT environment. The overall flash market was estimated to be approximately $15 billion in 2016 and is expected to be nearly $20 billion by 2020, with the all-flash segment growing at a nearly 17 percent compound annual growth rate
TruSTAR Technology Announces $5M Series A Investment To Power Fast-Growing Cyber Intelligence Exchange Platform
TruSTAR, the first security intelligence exchange platform built to incentivize information sharing, announced that it raised $5 million in Series A funding. The investment round was led by Storm Ventures, with additional contributions from Aspect Ventures, Resolute Ventures, and other prominent Silicon Valley investors. Storm’s Tae Hea Nahm will join TruSTAR’s board of directors. Over 50 companies are now exchanging intelligence data on TruSTAR, including customers from the Fortune 100 financial services, insurance, healthcare, cloud service provider, education, manufacturing and sports sectors. The new capital will be directly invested to scale platform features and accelerate customer success.
Metaswitch Acquires OpenCloud to Extend VoLTE Portfolio
Software vendor Metaswitch announced today that it has acquired OpenCloud to enhance VoLTE services, which Metaswitch offers to both mobile and converged network operators. Terms were not disclosed.