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Business Briefs: September 1, 2008


By SD Times News Team
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September 1, 2008 —  Cloud computing start-up Elastra received US$12 million in Series B funding from Amazon.com, Bay Partners and Hummer Winblad Ventures. Elastra will use the funds to grow its customer base and develop its software for public and private cloud computing. Amazon executives said Elastra has an experienced team with a unique software approach to cloud computing.

IBM is investing US$360 million to build a new cloud computing center in North Carolina, at IBM’s Research Triangle Park facility. The 60,000 square-foot center will use IBM hardware, including x86 and Power-based servers, and the System z mainframe, company executives said. The facility is slated to open in the fourth quarter of 2009.

Oracle announced plans to acquire Global Knowledge Software, a company that provides self-service training automation software. Global Knowledge’s products are complementary to Oracle’s Tutor process documentation and training software, Oracle executives said, and the combination of the products should provide an enterprise solution for creating and deploying business process documentation.

McAfee will acquire data loss prevention company Reconnex for US$46 million. Reconnex’s technology protects information assets on an organization’s network without requiring upfront knowledge of what the information is, McAfee executives said. According to McAfee, incidents of lost customer records and confidential records have grown, creating a high demand for data loss prevention technology.

Business intelligence company SAS said it plans to acquire IDeaS Revenue Optimization, a maker of revenue management software. IDeaS uses a SaaS model and determines prices by measuring them against demand, SAS executives said.

Sun Microsystems made a repurchase of approximately US$1 billion of the company’s outstanding common shares. CEO Jonathan Schwartz said the share repurchasing reflects Sun’s confidence in the growth of its business and shareholder value. The company now has about $3.3 billion in cash and marketable debt securities, Schwartz said.  

EARNINGS
CA announced a fourth-quarter revenue growth of 8%, increasing to US$1.085 billion from the $1.005 billion reported the same quarter a year before. The company also said its full fiscal year 2008 revenue was $4.277 billion, up from $3.943 billion in fiscal year 2007. CA’s fiscal year 2009 outlook shows a total revenue growth of 2 to 4 percent, which would increase revenue up to approximately $4.5 billion.   

Sun Microsystems reported revenue of US$13.88 billion for the full fiscal year, an increase of .1% over fiscal year 2007. Revenues for the fourth quarter of fiscal 2008 were $3.78 billion, a decrease of 1.4% from the fourth quarter of 2007.





Related Search Term(s): automation, cloud computing, data loss prevention, CA, Elastra, Global Knowledge Software, IBM, IDeaS Revenue, McAfee, Oracle, Reconnex, SAS, Sun


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