Akamai has laid off 400 workers or 5 percent of global workforce

Akamai, the Cambridge Massachusetts content delivery network and network services provider, announced they had laid off 400 people in their earnings call with analysts yesterday. On the call, Akamai CEO Tom Leighton indicated that the 400 people represented 5 percent of the the company’s 8000 worldwide workforce. “As part of our effort to improve operational… Continue reading Akamai has laid off 400 workers or 5 percent of global workforce

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Intel’s latest chip is designed for computing at the edge

As we develop increasingly sophisticated technologies like self-driving cars and industrial internet of things sensors, it’s going to require that we move computing to the edge. Essentially this means that instead of sending data to the cloud for processing, it needs to be done right on the device itself because even a little bit of… Continue reading Intel’s latest chip is designed for computing at the edge

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Slack names Allen Shim as company’s first CFO

In a blog post this morning Slack CEO Stewart Butterfield announced the company is naming long-time employee Allen Shim as the company’s first CFO. “Today, I’m excited to announce another milestone: Allen Shim has been appointed Chief Financial Officer for Slack,” Butterfield wrote in the blog post. He went onto to describe Shim as his right… Continue reading Slack names Allen Shim as company’s first CFO

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Microsoft will buy out existing cloud storage contracts for customers switching to OneDrive for Business

Microsoft is targeting its cloud storage rivals including Dropbox, Box, and Google today by offering to essentially buy out customers’ existing contracts if they make the switch to OneDrive for Business. The company says that customers currently paying for one of these competitive solutions, can instead opt to use OneDrive for free for the remainder… Continue reading Microsoft will buy out existing cloud storage contracts for customers switching to OneDrive for Business

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Businesses with Apple and Cisco products may now pay less for cybersecurity insurance

Apple and Cisco announced this morning a new deal with insurer Allianz that will allow businesses with their technology products to receive better terms on their cyber insurance coverage, including lower deductibles – or even no deductibles, in some cases. Allianz said it made the decision to offer these better terms after evaluating the technical foundation… Continue reading Businesses with Apple and Cisco products may now pay less for cybersecurity insurance

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Storm Ventures brings on two new partners at enterprise-focused firm

In a town full of venture capital firms, Storm Ventures has made its mark with a singular focus on the enterprise. This week, the company announced it has taken on two freshly minted partners, Arun Penmetsa and Paul Willard, to continue the mission. They are doubling the number of partners with this announcement. Penmetsa has… Continue reading Storm Ventures brings on two new partners at enterprise-focused firm

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Dell confirms it’s considering combining with VMware and other options in SEC filing

This morning, Dell confirmed previously published reports in an SEC filing, that it is considering various options to possibly reorganize itself. Reports emerged last week suggesting the Dell board was planning a meeting to discuss options for dealing with the enormous debt it took on when it acquired EMC in 2015 for $67 billion. The SEC… Continue reading Dell confirms it’s considering combining with VMware and other options in SEC filing

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Google’s Diane Greene says billion-dollar cloud revenue already puts them in elite company

It has long been believed that the big three in the cloud consisted of AWS, Microsoft and Google, with IBM not doing too badly either. But in its earnings call with analysts today, the company revealed it’s pulling in a billion dollars a quarter in combined cloud revenue. That’s a figure that Google’s Diane Greene… Continue reading Google’s Diane Greene says billion-dollar cloud revenue already puts them in elite company

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Move Guides acquires Polaris Global Mobility to expand services for expats and relocation

Relocation, relocation, relocation, as the saying (sort of) goes. On the heels of raising $48 million last year to tap into the growing needs of businesses to handle global workforces (a huge if sometimes controversial area of the job market), Move Guides today announced an acquisition to expand its footprint in the market and the services… Continue reading Move Guides acquires Polaris Global Mobility to expand services for expats and relocation

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Microsoft’s Azure revenue nearly doubled year-over-year in its second quarter

Microsoft posted a relatively good second quarter this year that continued the ongoing process of its growth into a major cloud entity, in addition to saying it would be taking a significant charge as part of the major tax bill signed late last year. In particular, Microsoft said that its Azure revenue grew 98% year-over-year… Continue reading Microsoft’s Azure revenue nearly doubled year-over-year in its second quarter

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