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Defy Partners wraps up sophomore fund at $262 mln

Defy Partners has closed its oversubscribed second fund at $262 million. Headquartered in Woodside, California, Defy makes early Series A investments. PRESS RELEASE SAN FRANCISCO, April 10, 2019 (GLOBE NEWSWIRE) — Defy Partners announces the close of their $262 million oversubscribed second fund. The focus of the firm remains the same, recognizing the relative scarcity of capital around the early series A with many of the traditional firms investing more capital at later stages. The strategy of ...
Tags: Trends, Funds, Iot, Goog, Honest Company, EMC, Kleiner Perkins, Cto, Neil, Trae Vassallo, Brian Lee, AMZN, Woodside California, ORCL, Sujal Patel, Isilon


PE-backed BackOffice Associates taps Payne as CFO

Hyannis, Massachusetts-based BackOffice Associates, a provider of data software, has named Melanie Payne as chief financial officer. Previously, she was vice president of strategy and operations at Dell. BackOffice Associates is a portfolio company of Bridge Growth Partners LLC. PRESS RELEASE MCLEAN, VA. (PRWEB) APRIL 09, 2019 BackOffice Associates, a global leader in solutions that solve enterprises’ most complex data transformation challenges, today announced that it has named Melanie Payne as...
Tags: Boston, Trends, People, ERP, Dell, Accenture, Sap, EMC, Operations, Dell EMC, Melanie, Payne, Global Services Operations, PRWEB, Kevin Campbell, Bridge Growth Partners LLC


Early stage investment firm Defy updates the venture partner model

Defy, the early stage venture investment firm founded by Neil Sequeira and Trae Vassallo, is putting a new twist on the venture partner model as it brings Brian Lee and Sujal Patel on board to help out with investing and guiding companies in the firm’s portfolio. Just don’t call them venture partners. Vassallo and Sequeira prefer the term “sage” to describe the folks they’re looking to bring in to help mentor their companies. Here’s how the two describe it in a blog post about the new program: ...
Tags: TC, Los Angeles, Tech, Advisors, EMC, Enterprise Software, Lee, Patel, Trae Vassallo, Prima, LegalZoom, Brian Lee, VASSALLO, Honest Co, Sujal Patel, Isilon Systems


Verified Expert Lawyer: Mike Lincoln

In 1999, Mike Lincoln co-founded the first East Coast office of top Silicon Valley law firm Cooley LLP. Over the last two decades, he has built out the practice to extend well beyond the region, today covering Boston and New York too, while also heading up the firm’s business department, and serving as an adjunct professor at the University of Virginia. Along the way, he has collected an impassioned group of founder clients, more than two dozen of whom had a lot to tell us about how he has helpe...
Tags: TC, New York, Boston, Tech, Palo Alto, Chicago, Washington Dc, Aol, Silicon Valley, Dc, Lawyers, East Coast, EMC, Eric Eldon, East, Latham


Trapped Squirrel Causing Electrical Arc Equals No Coverage

    The Supreme Court of Iowa agreed the city had no coverage for damage to its property after a squirrel triggered an electrical arc.  City of W. Liberty v. Employers Mut. Cas. Co. , 2019 Iowa Sup. LEXIS 6 (Feb. 1, 2019).      A squirrel climbed on to an electrical transformer at West Liberty's power plant. While touching a ground steel frame, the squirrel came into contact with a bare cable clamp that carried 7200 volts of electricity. This contact created a conductive path between the clamp a...
Tags: Insurance, Liberty, EMC, Feb, Iowa Supreme Court, Tred Eyerly, First Party Insurance, All-Risk Policy, Supreme Court of Iowa, Employers Mut Cas Co, West Liberty, Iowa Sup LEXIS, Mutual Casualty Company EMC


VMware CEO says Cisco's networking software is like 'a bicycle' compared to his 'Lamborghini' as they fight for cloud dominance (VMW, CSCO, AMZN)

VMware and Cisco's rivalry is as fierce as ever, as both companies fight to stay relevant while their customers ditch old-fashioned tech for the cloud. VMware CEO Pat Gelsinger couldn't help but throw some shade at Cisco in a recent interview, calling its software a "bicycle" compared to VMware's "lamborghini."  Years ago, VMware and its then-parent company EMC were best buddies with Cisco. They even sold their products together in a joint venture that did about $2 billion a year, we reported...
Tags: Amazon, Utah, Microsoft, Samsung, Trends, Cisco, Bill, Oprah, Amazon Web Services, EMC, Vmware, ACI, Pat Gelsinger, CRN, NSX, Nicira


Oracle adds more AI features to its suite of sales tools

As the biggest sales and marketing technology firms mature, they are all turning to AI and machine learning to advance the field. This morning it was Oracle’s turn, announcing several AI-fueled features for its suite of sales tools. Rob Tarkoff, who had previous stints at EMC, Adobe and Lithium, and is now EVP of Oracle CX Cloud says that the company has found ways to increase efficiency in the sales and marketing process by using artificial intelligence to speed up previously manual workflows, ...
Tags: TC, Enterprise, Microsoft, Tech, ERP, Artificial Intelligence, Anaplan, Machine Learning, SEC, DataFox, Oracle, EMC, CRM, Chatbots, Brent Leary, Sales Tools


Stylish but rugged industrial mini-PC runs on Coffee Lake

Kontron’s “KBox B-201-CFL” is a compact, embedded box PC that runs Linux or Windows on 8th Gen Core CPUs with 2x GbE, SATA and M.2 SSDs, shock, vibration, and EMC tolerance, and a low noise level of under 34 dBA. Kontron is introducing a storage-oriented, Coffee Lake based mini-PC built around an unnamed Mini-ITX board. [[he]#8230[/he]]
Tags: Linux, EMC, Kontron, Coffee Lake


Why SAP CEO Bill McDermott signs his emails 'XO, Bill' since buying Utah startup Qualtrics for $8 billion cash (SAP)

If you get an email from SAP CEO Bill McDermott these days, you'll see him sign it "XO, Bill." But he's not sending hugs and kisses. He's reminding his people why he spent $8 billion cash to buy Utah software company, Qualtrics, last fall and facing down criticism that price he paid was too high.  McDermott recently outlined the virtues of the deal just as SAP began handing out pink slips worldwide.  These days SAP CEO Bill McDermott signs his emails. "XO, Bill," he tells Business Insider. Bu...
Tags: Apple, Amazon, Facebook, Europe, Utah, Instagram, Microsoft, Steve Jobs, Ipo, Trends, ERP, Salt Lake City, Deloitte, Bill, Smith, Sap


Quick Hits: NC bill requires all cyclists to register bicycles + GA will invest in 3 rural solar projects

NC bill would require all cyclists to register their bicycles House Bill 157, introduced by Representative Jeffrey Elmore, R-Wilkes, would require all NC cyclists riding on a public street or highway to pay a $10 registration fee and attach a registration plate to the back of their bicycle or risk a $25 ticket. The fees would be used for “bicycle safety-related projects” such as bike lanes, bike signage, safety education and bicycle helmet grants for minors. Opponents of the bill say tha...
Tags: Facebook, Georgia, Sport, Cycling, Shell, EMC, Walton, Kemp, Grand Canyon National Park, NP, Newton County, Great Smoky Mountains National Park, Acadia NP, Walland, Yellowstone NP, Green Power EMC


RSN instead of RST?

Here’s a guest post from Lou, VK5EEE…..Dan Lou, VK5EEE Radio experimenters, as we once were, have an important duty to give reliable signal reports so that we can gauge propagation, the efficiency and radiation patters of our antenna systems, etc. However, the RST system was devised long ago when we did not suffer from “local noise” from all types of electronic junk. Instead, in those days, others suffered from our interference. Our most pressing problem that is threatening amateur radio is ...
Tags: Australia, China, Wikipedia, Radio, Korea, Cw, EMC, RSN, SSB, Operating, RST, Lou VK5EEE Dan Lou, Tim VK3IM


Correlated nucleons may solve 35-year-old mystery

A careful re-analysis of data taken at DOE's Jefferson Lab has revealed a possible link between correlated protons and neutrons in the nucleus and a 35-year-old mystery. The data have led to the extraction of a universal function that describes the EMC Effect, the once-shocking discovery that quarks inside nuclei have lower average momenta than predicted, and supports an explanation for the effect.
Tags: DOE, EMC, Jefferson Lab


Pure Storage's would-be Data Domain killer out in March – but it's still shy about the internals

Go on, flash storage bandits – spill your guts Pure Storage will introduce a shiny new backup box - dubbed ObjectEngine - from as early as next month to pinch sales from veterans including EMC-owned sectoral kingpin Data Domain.…
Tags: Software, EMC


Vector Capital completes Aspect Software buyout

Vector Capital has closed its previously announced acquisition of Aspect Software Inc, a provider of customer engagement, workforce optimization and self-service solutions. No financial terms were disclosed; however, as previously reported by PE HUB, Vector agreed to invest more than $100 million in Aspect’s business. Jefferies LLC and DCS Advisory served as financial advisers to Aspect on the deal. PRESS RELEASE SAN FRANCISCO–(BUSINESS WIRE)–Vector Capital, a leading private equity firm special...
Tags: Trends, EMC, Chris, Dennis, Vector, Patrick, Jefferies LLC, Guidance Software, Patrick Dennis, Paul Hastings, Corel Corporation, PE Deals, Aspect, Vector Capital, SAN FRANCISCO BUSINESS WIRE Vector Capital, Aspect Software Inc


The CTO of Credit Suisse says that customers can lose out in tech mega-deals, and it’s something every IT leader needs to prepare for

Business Insider talked to Laura Barrowman, the chief technology officer at Credit Suisse, at the World Economic Forum in Davos, Switzerland, on Tuesday. Barrowman said big software companies need to do a better job of allowing companies they acquire to maintain some of their independence. Barrowman is watching to see how IBM handles the integration of Red Hat, which it acquired for $34 billion in 2018. The technology industry has loads of examples of mergers that fell flat, from Microsoft's ...
Tags: Google, Motorola, Microsoft, Nokia, Trends, Linkedin, Cisco, Credit Suisse, Ibm, Dell, EMC, Red Hat, Business Insider, World Economic Forum, Davos Switzerland, Dell EMC


Credit Suisse’s technology chief says IBM’s spotty history with acquisitions gives her reason to worry about the $34 billion Red Hat deal

Business Insider talked to Laura Barrowman, the chief technology officer at Credit Suisse, at the World Economic Forum in Davos on Monday. Barrowman said big software companies need to do a better job of allowing companies they acquire to maintain some of their independence. Barrowman is watching to see how IBM handles integration of Red Hat, which it acquired for $34 billion in 2018. The technology industry has loads of examples of mergers that fell flat, from Microsoft's acquisition of Nok...
Tags: Google, Motorola, Microsoft, Nokia, Trends, Linkedin, Cisco, Davos, Credit Suisse, Ibm, Dell, EMC, World Economic Forum, Davos Switzerland, Barrowman, Laura Barrowman


Data management startup Rubrik gets $261M at a $3.3B valuation as it moves into security and compliance

There is a growing demand for stronger security at every point in the IT ecosystem, and today, one of the the more successful enterprise startups to emerge in the last several years is announcing a big round of funding to provide that. Rubrik, which provides enterprise data management and backup services across on-premise, cloud and hybrid networks, has raised $261 million in funding at a $3.3 billion valuation from Bain Capital Ventures and previous investors Lightspeed Venture Partners, Greylo...
Tags: Security, TC, Cloud, Enterprise, Tech, Symantec, IVP, Rubrik, EMC, Bain Capital Ventures, Andes, Sinha, Bipul Sinha, Enrique Salem


Data management startup Rubrik gets $261M at a $3.1B valuation as it moves into security and compliance

There is a growing demand for stronger security at every point in the IT ecosystem, and today, one of the the more successful enterprise startups to emerge in the last several years is announcing a big round of funding to provide that. Rubrik, which provides enterprise data management and backup services across on-premise, cloud and hybrid networks, has raised $261 million in funding at a $3.3 billion valuation from Bain Capital Ventures and previous investors Lightspeed Venture Partners, Greylo...
Tags: Security, TC, Cloud, Enterprise, Tech, Symantec, IVP, Rubrik, EMC, Bain Capital Ventures, Andes, Sinha, Bipul Sinha, Enrique Salem


Amazon's latest cloud product is dangerous for Cisco and Dell but really scary for Hewlett Packard Enterprise, analyst says (AMZN, CSCO, HPE, DELL)

When Amazon Web Services announced a new product called Outposts, the tech world stood up and took notice. They saw Amazon entering into the one cloud-computing market where it had no game: "Hybrid" computing, the segment of the cloud where Microsoft dominates. But a new report by UBS analyst John Roy points out that the true disruption of Outposts is this: Amazon will be putting its own home-grown data-center hardware — originally designed for its own use — into customers' private data center...
Tags: Amazon, Microsoft, Trends, Cisco, Ubs, Ibm, Roy, Dell, Amazon Web Services, EMC, Vmware, Hewlett Packard Enterprise, Microsoft Microsoft, HP Enterprise, Cisco Dell, Dell Cisco


Amazon's latest cloud product is dangerous for Cisco and Dell, but really scary for Hewlett Packard Enterprise, analyst says (AMZN, CSCO, HPE, DELL)

When Amazon Web Services announced a new product called Outposts, the tech world stood up and took notice. They saw Amazon entering into the one cloud computing market where it had no game: "Hybrid" computing, the segment of the cloud where Microsoft dominates. But a new report by UBS analyst John Roy points out that the true disruption of Outposts is this: Amazon will be putting its own home-grown data center hardware — originally designed for its own use — into customers' private data center...
Tags: Amazon, Microsoft, Trends, Cisco, Ubs, Ibm, Roy, Dell, Amazon Web Services, EMC, Vmware, Hewlett Packard Enterprise, Google Pixel, Microsoft Microsoft, Julie Bort, Cisco Dell


Dell jumps in its return to the public market (DELL)

Dell jumped as much as 3.88% to $46 Friday as it returned to the public market. Dell reentered the public markets without going through the usual initial-public-offering process because it bought back shares tied to its interest in the software maker VMware. The acquisition faced strong opposition from billionaire activist investor Carl Icahn, who was VMware's second-largest shareholder.  For Dell, buying back DVMT was actually something of a Plan B. Originally, the company was floating the i...
Tags: Trends, Dell, Morgan Stanley, EMC, Carl Icahn, Vmware, Blackrock, Icahn, Keith Weiss, DVMT, Sanjit Singh


Joy to the vendors, HCI's day has come. And converged ... becomes less... of a thing – IDC

Dell tech (EMC and VMware) utterly dominate with Nutanix following HPE, Cisco and NetApp are grabbing at the tail end of a fast-growing converged/hyper-converged market that is utterly dominated by Dell's EMC and VMware businesses and HCI specialist Nutanix.…
Tags: Cisco, Software, Dell, EMC, Idc, Vmware, Nutanix, Hci


Dell’s long game is in hybrid and private clouds

When Dell voted to buy back the VMware tracking stock and go public again this morning, you had to be wondering what exactly the strategy was behind these moves. While it’s clearly about gaining financial flexibility, the $67 billion EMC deal has always been about setting the company up for a hybrid and private cloud future. The hybrid cloud involves managing workloads on premises and in the cloud, while private clouds are ones that companies run themselves, either in their own data centers o...
Tags: Amazon, TC, Cloud, Enterprise, Tech, Michael Dell, Aws, Dell, Sap, EMC, Virtustream, Vmware, Private Cloud, Pivotal, Dell-emc Deal, Andy Jassy


Dell votes in favor of going public again

Dell announced Tuesday that it has agreed to buy back the publicly traded "tracking" shares of VMware, a listed company that is about 80% owned by Dell.  The company confirmed the purchase price of $120 per share of the tracking shares for a total of $23.9 billion. After the deal is completed, Dell will go public again without having to go through the usual initial-public-offering process and will trade on the New York Stock Exchange starting on December 28. The acquisition has faced strong op...
Tags: Trends, Dell, New York Stock Exchange, Morgan Stanley, EMC, Carl Icahn, Vmware, Icahn, New York Stock Exchange NYSE, Matt Weinberger, Keith Weiss, Sanjit Singh, Dell Technologies Class C


Dell Sets Return to Public Market With Shareholder OK of VMware Deal

Austin—Dell Technologies is on its way to becoming a public company again. Shareholders of a stock that’s linked to Dell subsidiary VMware approved a plan for Dell to buy out the stock, allowing it to return to the public market.Dell, based in Round Rock, TX, announced Tuesday that 61 percent of the shareholders of the so-called “tracking stock” voted in favor the deal. (About 89 percent of shareholders voted.) The stock, traded as DMVT, was issued when Dell acquired storage giant EMC in 2016 f...
Tags: Deals, Texas, Hardware, Server, Ipo, Cloud Computing, Trends, Debt, Hp, Bloomberg, Shares, Computer, Software, Austin, Michael Dell, M&a


Dell votes to buy back VMware tracking stock and go public again

Dell just announced that it has agreed to buy back the VMware tracking stock from the EMC acquisition. The company confirmed the buy-back price of $120 per share for a total of $23.9 billion. With today’s move, Dell will return to being publicly traded. Sixty-one percent of shareholders voted in favor of the deal. It’s unclear how Wall Street will deal with the $50 billion debt load the company is carrying as a result of that $67 billion EMC acquisition from two years ago, but chairman and CE...
Tags: Enterprise, Finance, Tech, Michael Dell, Dell, EMC, Carl Icahn, Vmware, Dell-emc Deal, Nyse, Icahn, Wang, Elliott Management, Thoma Bravo, Deltek, Ray Wang


Dell votes to buy back VMware tracking stock and will likely go public

Dell just announced that it has agreed to buy back the VMware tracking stock from the EMC acquisition. The company confirmed the buy-back price of $23.9 billion. With today’s move, the company will likely go public. Sixty-one percent of shareholders voted in favor of the deal. It’s unclear how Wall Street will deal with the $50 billion debt load the company is carrying as a result of that $67 billion EMC acquisition from two years ago if the company does go public. Part of the EMC deal was a pay...
Tags: Startups, Enterprise, Finance, Dell, EMC, Vmware, Dell-emc Deal, Wang, Ray Wang, Constellation Research


Data-analysis startup Looker thanks its happy customers for its ability to raise $103 million at a $1.6 billion valuation

Looker, a business intelligence startup based in Santa Cruz, California, just raised $103 million in a series E funding round.  Looker is now at unicorn status with a valuation of $1.6 billion, according to a person familiar with the company, with $280.5 million raised in total since it was founded in 2013.  According to Looker CEO Frank Bien, the key to being able to attract investors was strong customer satisfaction. A Santa Cruz, California-based startup just became tech's newest unicorn....
Tags: Trends, Harvard, EMC, Vmware, Domo, Looker, Santa Cruz California, Premji Invest, Bien, Premji, Frank Bien, Cross Creek Advisors, Looker CEO Frank Bien, Virsto, Sandesh Patnam, Looker Patnam


Data-analysis startup Looker just landed $103 million in funding and a $1.6 billion valuation after hitting a $100 million revenue run rate

Looker, a business-intelligence startup based in Santa Cruz, California, just raised $103 million in a Series E funding round. Looker is now at unicorn status with a valuation of $1.6 billion, according to a person familiar with the company. It's raised $280.5 million in total since it was founded in 2012. According to Looker CEO Frank Bien, the key to being able to attract investors is strong customer satisfaction. A Santa Cruz, California-based startup just became tech's newest unicorn. The...
Tags: Trends, EMC, Vmware, Looker, Santa Cruz California, Bien, Frank Bien, Cross Creek Advisors, Virsto, Sandesh Patnam, Looker Patnam, Sony Amazon IBM Lyft, Cisco ESPN, PremjiInvest, Tableau Software and Domo


The fabulous life of billionaire Michael Dell, who is once again fighting with Carl Icahn over the future of his company

Michael Dell is once again making headlines as he tries to take his company public again in an unusual and controversial way. Instead of an IPO, Dell wants to buy the "tracking stock" of VMware for a combo of cash and Dell's stock. The tracking stock was created when Dell bought VMware's majority stakeholder EMC as part of that mega $67 billion deal. VMware is publicly traded and the tracking stock gave EMC investors extra value for their portion of VMware's equity, to encourage them to approve...
Tags: Apple, US, Trends, Michael Dell, Dell, EMC, Carl Icahn, Vmware, Houston Texas, University of Texas at Austin, IPO Dell, Academy of Achievement When