Tag: Venture capital
Reuters late Monday, citing unnamed sources, said that solution provider Kyndryl Holdings and investment company Apollo Global were teaming up to make a bid for solution provider DXC Technology that could value DXC at up to $4.5 billion. Global IT services provider Kyndryl Holdings and private investment firm Apollo Global reportedly may be preparing a…
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‘I’ve been trying to build a great company and whenever [a sale happens], we’re ready to go,’ ConnectWise CEO Jason Magee says. A hyperfocus on AI, hitting a billion dollars in revenue, the possibility of being sold and still watching out for the competition gives ConnectWise CEO Jason Magee a lot of balls to juggle…
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‘It gives [us] the ability to look at our stuff a bit more, see where we need to make investments and improvements and then we bring it to market. Competitors make you better if you do the right things,’ says ConnectWise CEO Jason Magee. When it comes to the competition, Jason Magee wants to see…
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For the week ending June 7, CRN takes a look at the companies that brought their ‘A’ game to the channel including Cisco Systems, SAP, Workday, Intel and AMD. The Week Ending June 7 Topping this week’s Came to Win is Cisco Systems, which launched a $1 billion global AI investment fund to make strategic…
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‘[AI is] changing the way businesses communicate with each other. It’s changing the way they leverage technology. And at Cisco, we believe we have a very significant role to play here in really being the trusted partner to help our customers navigate this new era of AI,’ says Mark Patterson, Cisco’s executive vice president and…
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Verta’s staff will also join the data management company, significantly expanding Cloudera’s AI and GenAI development expertise. Data management platform company Cloudera has acquired the Verta Operational AI Platform from Verta.ai in a move the cloud data platform provider said will deepen its AI technology portfolio and expertise with additional AI and machine learning talent…
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One such company reportedly eyeing N-able is Campbell, Calif.-based cybersecurity vendor Barracuda Networks. Barracuda is owned by private equity firm KKR. N-able is exploring a possible sale after “attracting acquisition interest,” according to a report from Reuters. Sources familiar with the matter told Reuters that the Burlington, Mass.-based software vendor is participating in a sale…
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For the week ending May 17, CRN takes a look at the companies that brought their ‘A’ game to the channel including Palo Alto Networks, WekaIO, Alkira, Hewlett Packard Enterprise, Kyndryl and Ampere. The Week Ending May 17 Topping this week’s Came to Win is cybersecurity giant Palo Alto Networks, which is making a key…
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With the Series E financing round the company achieves “unicorn” status with a $1.6 billion valuation as data-intensive AI and generative AI applications boost demand for the company’s software. Data management platform developer WekaIO has raised $140 million in an oversubscribed Series E round of funding that boosts the company’s valuation to $1.6 billion, the…
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‘Every deal that we transact is through a channel partner,’ Kevin Kramer, Alkira VP of global sales, told CRN. On-demand network infrastructure vendor Alkira has closed a $100 million Series C round of funding, with executives reiterating the company’s 100 percent channel go-to-market strategy as it sees customer demand grow amid uncertainty with legacy vendors…
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