The Bulletin
2H
Analog Devices in talks to buy Maxim Integrated for $20bn - report
The semiconductor maker Analog Devices is in talks to buy rival business Maxim Integrated in a deal worth up to $20 billion, according to a Wall Street Journal report. The report cited people familiar with the matter who said that the all-stock deal could be announced as soon as later today. If completed, the deal would be one of the largest technology acquisitions completed so far this year.
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3H
Google to invest $10bn in Indian market
Google is to invest $10 billion into the Indian market over the next five years as the tech giant looks to increase the usage of its digital services in growing markets. Unveiling the Google for India Digitization Fund, Google CEO, Sundar Pichai, commented: “We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments."
2D
Renault taps Google to accelerate industrial digitalisation
Renault and Google Cloud have announced an industrial and technology partnership to accelerate the digitisation of Renault's industrial systems. Renault will leverage Google's smart analytics, machine learning (ML) and artificial intelligence to improve its supply chain and manufacturing efficiency, its production quality, and the reduction in environmental impact through energy savings.
3D
Twilio snaps up Electric Imp to bolster IoT capabilites
Twilio has acquired IoT startup Electric Imp in a bid to bolster its connected devices business. The financial terms of the agreement have not been disclosed, although Electric Imp has raised more than $40 million in funding to date. "This partnership brings together two critical aspects of IoT: reliable global connectivity and a mature application platform," said Hugo Fiennes, CEO, Electric Imp.
3D
MariaDB raises $25 million to expand reach of SkySQL cloud database
MariaDB has closed a $25 million funding round to expand the reach and development of its cloud database, MariaDB SkySQL. Led by SmartFin Capital, with participation from existing investors and new investor GP Bullhound, the round brings total investment in MariaDB to over $125 million. It said expanding SkySQL’s capacity will help meet rising demand for enterprise-grade cloud database solutions.
3D
Docker and AWS partner to simplify container workloads
Docker and AWS have partnered to simplify container workflows. Developers will be able to leverage Docker Compose, Docker Desktop, and Docker Hub to run apps on Amazon Elastic Container Service and Amazon ECS on AWS Fargate. “This is a big step toward giving developers the best experience building, sharing, and running cloud-native apps with Docker and Amazon ECS,” said Docker CEO Scott Johnston.
3D
Freshworks acquires IT orchestration company Flint
Customer engagement software firm Freshworks has acquired Flint, an IT orchestration and cloud management platform. The deal will bolster Freshwork's service IT service management and IT operations management capabilities. "This acquisition provides greater visibility for IT teams to better manage hybrid infrastructure, optimise spend and automate employee workflows," said Freshworks.
4D
Microsoft acquires vision systems specialist Orions System
Microsoft is acquiring vision system company Orions Systems in a bid to expand its Microsoft Dynamics 365 capabilities. The company offers image and video analysis. Muhammad Alam, Corporate Vice President of Microsoft Dynamics 365, said the agreement will "help organisations maximise the potential of their observational data". No financial details of the deal have been disclosed.
4D
Colony Capital and Vantage Data Centers form $3.5bn partnership
Colony Capital and Vantage Data Centers have announced a strategic partnership that the companies say is valued at $3.5 billion. The Colony-led investor group will invest $1.2 billion in Vantage’s diversified portfolio, including 12 stabilised North American data centres. Vantage’s management team, led by Sureel Choksi, president and CEO, will continue to manage and operate its assets.
4D
SUSE makes Kubernetes leap with Rancher Labs acquisition
Linux and cloud company SUSE has significantly boosted its Kubernetes capabilities with the acquisition of Rancher Labs. There were a number of interested parties in Rancher Labs, which helps enterprise to run software in virtual containers across multiple servers, specifically supporting Kubernetes distribution. No financial terms have been disclosed, but CNBC said that the deal is worth $600m.
4D
Slack to acquire corporate directory startup Rimeto
Workplace collaboration platform Slack has agreed a deal to acquire SaaS start-up Rimeto, which specialises in building corporate directories. No financial details have been disclosed, but Crunchbase figures show that Rimeto has raised $10 million in funding to date. Rimeto's features will be integrated into Slack's platform, although it will also continue to be offered as a standalone product.
5D
IBM to acquire Brazilian RPA provider WDG Automation
IBM is to acquire Brazilian RPA provider WDG Automation, the company has announced. The acquisition further advances IBM's AI automation capabilities, spanning business processes to IT operations. Financial terms were not disclosed. IBM plans to integrate WDG's capabilities into its IBM Cloud Pak product offerings on Red Hat OpenShift, starting with Cloud Pak for Automation.
5D
Arm to spin off IoT units to focus on chip business
Semiconductor giant Arm is spinning off its two IoT business units to its parent company SoftBank, it has announced. The move will see its IoT Services Group (ISG) businesses, IoT Platform and Treasure Data spun off. "Upon completion of the proposed transfer, Arm will deepen its focus on its core semiconductor IP business and expects to continue collaborating with the new ISG businesses," it said.
5D
Magic Leap names former Microsoft exec Peggy Johnson as new CEO
Mixed reality company Magic Leap has appointed Peggy Johnson, a veteran tech executive and Executive Vice President of Business Development at Microsoft, as its new CEO. Magic Leap said Johnson will accelerate its growth plans and "bring transformative enterprise solutions to market". Prior to joining Microsoft in 2014, Johnson spent 24 years at Qualcomm, holding various leadership positions.
5D
Popular Salesforce backup and recovery platform OwnBackup raises $50m
OwnBackup, the company that has become a popular backup and disaster recovery platform for Salesforce, has raised $50 million in funding. The funding led by Insight Partners, with participation from Salesforce Ventures and Vertex Ventures. Existing investor Innovation Endeavors also participated in the follow-on round, which brings the company’s total funding to over $100 million.
6D
Big data startup Palantir files for long-awaited IPO
Data analytics company Palantir has filed for its long-awaited stock market floatation. The organisation announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission. Palantir is valued at around $20 billion, meaning its IPO is expected to be the largest technology listing since Uber went public last year.
6D
Twitter and Google suspend Hong Kong data requests
Twitter and Google have joined Facebook in pausing the processing of data requests from law enforcement agencies in Hong Kong. China has implemented new security measures on the city, known as the National Security Law. Twitter said it has suspended data requests while it reviews the law, adding that it has "grave concerns" regarding both the developing process and the full intention of this law.
6D
Deutsche Bank and Google Cloud agree multi-year partnership
Deutsche Bank and Google Cloud have announced a strategic partnership that aims to "redefine how the bank develops and offers its financial services". Deutsche Bank will leverage Google's cloud services, while the two companies will also collaborate to develop the "next generation" of technology-based financial products for clients. Deutsche Bank invited tenders for the partnership in February.
6D
WhatsApp suspends law-enforcement requests in Hong Kong
WhatsApp's parent company Facebook has suspended the processing of law-enforcement request for user data in Hong Kong. China has implemented new security measures on the city, known as the National Security Law. Facebook has said that it will not hand over user data from its WhatsApp messenger service until it has completed a review into the human rights implications of the new laws.
6D
Paytm makes insurance play with $76m Raheja QBA acquisition
India's most valuable startup Paytm has made its first play in the country's lucrative insurance market with after agreeing to pay $76 million for insurance firm Raheja QBE. It will acquire 51% from Prism Johnson and 49% from QBE Australia in what will be an all-cash deal, according to TechCrunch. The deal will help Paytm add another service to its portfolio and accelerate its insurance ambitions.
7D
Uber agrees $2.65bn all-stock deal to buy Postmates
Uber Technologies has agreed to buy food-delivery platform Postmates for $2.65 billion in an all-stock deal, according to reports. Bloomberg News was the first outlet to report the deal, citing sources close to the matter. The Head of Uber Eats, Pierre-Dimitri Gore-Coty is expected to remain in his position, while CEO Bastain Lehamnn will continue to run Postmates as a separate business
7D
UK to phase out Huawei from 5G networks - report
The UK government is to begin phasing Huawei out of its 5G network, according to a report from Bloomberg. The move would see all existing equipment provided by the Chinese technology company removed by the end of the year, the report said. A source said that National Cybersecurity Centre has concluded that US sanctions against Huawei could lead to security risks.
9D
UK spends $500 million on satellite tech firm OneWeb
The UK government has paid $500 million (£400 million) acquire a 50% stake in OneWeb, a developer of satellite technology. The UK was part of a consortium led by Bharti Global, which has also invested $500 million. The deal will enable the OneWeb to complete construction of a global satellite constellation that will provide enhanced broadband and other services to countries around the world.
10D
Intel makes $255 million investment in Reliance Jio Platforms
Intel has invested $255 million in India's Reliance Jio Platforms. Intel joins the likes of Facebook, General Atlantic, and Silver Lake, all of which have invested in the Indian telecoms company in recent months. The investment means that Intel has a 0.30% stake in Jio Platforms, which is valued at around $69 billion. The company has attracted more than $15 billion in investment since April.
10D
Informatica swoops to buy Compact Solutions
The enterprise cloud data management company Informatica has acquired Compact Solutions LLC to bring expanded metadata management to the Informatica Intelligent Data Platform. Informatica said the deal strengthens metadata-driven AI and automation expertise and will better enable customers to catalog enterprise data. It is Informatica's first acquisition since Amit Walia took over as CEO.
10D
VMware continues acquisition spree with Blue Medora deal
VMware has announced its second acquisition in as many days after revealing its intent to buy the True Visibility Suite team and products from Blue Medora. Upon close of the acquisition, VMware said customers can expect to benefit from the tighter integration of vRealize Operations and the True Visibility Suite—which VMware said it plans to continue to invest in, sell standalone and support.
10D
Digital asset security firm Curv raises $23 million
The digital asset security company Curv has raised $23 million in a funding round. Curb develops digital asset security infrastructure to help financial companies create digital wallets. The Series A finding came from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund. The funds will be used to continue growth, develop new products and hire personnel.
11D
Facebook to build $800 million Illinois data centre
Facebook has announced opens to build an $800 million data centre in DeKalb, Illinois. The 907,000 square foot facility will be the company's 12th data centre in the U.S. and will be powered by 100% renewable energy. The first two buildings at the complex are expected to be completed by 2022, with the potential for five more. The project will create 100 full-time jobs, according to Facebook.
11D
AWS launches App2Container containerisation tool
AWS has launched App2Container, a command-line tool that helps containerise existing applications that are running on-prem or in cloud without making any changes. App2Container discovers applications running on a server, identifies their dependencies, and generates relevant artifacts for deployment to Amazon ECS and Amazon EKS. It also provides integration with AWS CodeBuild and AWS CodeDeploy.
11D
VMware to buy disaster recovery business Datrium
VMware is to acquire disaster recovery business Datrium. The deal will expand the current VMware Site Recovery disaster recovery as a service (DRaaS) offering with Datrium’s cost-optimised DRaaS solution. DRaaS is the fastest growing segment for data protection use cases with a $4.5 billion market growing at 15% CAGR according to IDC. Financial terms of the deal have not been disclosed.
11D
FCC designates Huawei and ZTE as national security threats
The Federal Communications Commission (FCC) has officially designated Chinese firms Huawei and ZTE as "national security threats". The move means that telecoms operators in the U.S. are not permitted to use state funds to purchase or maintain any Huawei or ZTE kit. FCC chairman Ajit Pai said that there was "overwhelming" evidence of the two vendors' threat to the U.S. and its 5G network.
11D
Database startup Fauna raises $27mn, makes leadership additions
Fauna, the data API for client-serverless applications, today announced that it has raised $27M in new funding. The funding round was led by Madrona Venture Group, with participation from ADDITION and a number of angel investors. Fauna also announced former Okta Chief Product Officer Eric Berg as its new CEO. Microsoft veteran and former CEO of Snowflake, Bob Muglia, joins as Executive Chair.
12D
To infinity and beyond: AWS announces new space business segment
AWS is introducing a business segment dedicated to accelerating innovation in the global aerospace and satellite industry. The Aerospace and Satellite Solutions business segment will bring AWS services and solutions to the space enterprise. It work with customers and partners to "reimagine space system architectures", "transform space enterprises" and launch new services that process space data.
12D
Data analytics firm Dun & Bradstreet raises $1.7bn in IPO
Data analytics firm Dun & Bradstreet has raised $1.7 billion in its Initial Public Offering, having sold stock for more than it had expected. The company sold 78.3 million shares at $22 each, having increased the price of its original listing of 65.75 million shares for $19 to $21 each. If the reminder of its shares are sold for $22, it would value the company at around $8.8 billion.
12D
Fivetran achieves unicorn status with $100m funding
Fivetran has achieved unicorn status after a fresh injection of $100 million in funding took its value to $1.2 billion. The data integration company, which focuses on data warehouses, raised the capital from a Series C funding round led by Andreessen Horowitz and General Catalyst, while previous investors CEAS Investments and Matrix Partners also participated.
13D
Amazon launches ML code review platform CodeGuru
Amazon has announced the general availability of CodeGuru. It is a developer tool powered by machine learning that provides intelligent recommendations for improving code quality and identifying an application’s most expensive lines of code. Amazon CodeGuru Reviewer helps improve code quality by scanning for critical issues, identifying bugs, and recommending how to remediate them.
13D
Google launches five new Bare Metal regions
Google has announced that its Bare Metal Solution, which lets businesses run specialised workloads such as Oracle databases close to Google Cloud, is now available in five more regions. The new locations are: Ashburn, Virginia; Frankfurt; London; Los Angeles, California; and Sydney. By the end of this year, Google plans to launch four more sites: Amsterdam, São Paulo, Singapore, and Tokyo.
13D
UC San Francisco pays hackers $1.14 million to return stolen data
The University of California at San Francisco has paid $1.14 million to hackers that were behind a cyberattack earlier this month. The attack was carried out by Netwalker, a dark web ransomware operation, which originally asked for a Bitcoin payment worth $3 million to return and decrypt stolen data. The university is now working with the FBI to ensure all the data is recovered.
13D
Confidential Computing Consortium adds raft of new members
The Confidential Computing Consortium has announced Accenture, AMD, Anjuna, Anqlave, Cosmian, iExec, IoTeX, NVIDIA, and R3 have joined as members. The Linux Foundation project and community dedicated to defining and accelerating the adoption of confidential computing. Founding members of the consortium include Alibaba, Arm, Google Cloud, Baidu, ByteDance, decentriq, Fortanix, Huawei and Intel.
14D
Nokia bags $450mn 5G contract from Taiwan Mobile
Nokia has been selected by Taiwan Mobile (TWM) as the sole supplier of its 5G network in a three-year framework deal worth $450 million. The initial phase of the deal, which includes 5G RAN, 5G Core and 5G IMS, will begin with the deployment of 5G non-standalone with the aim of migrating to 5G standalone within a three-year period. Nokia has previously provided TWM with its 2G, 3G and 4G networks.
14D
Vodafone Business and Ford partner on private 5G network
Vodafone Business has partnered with Ford to implement 5G connectivity in its new Electrified Powertrain in Manufacturing Engineering facility in the UK. The project is designed to cut manufacturing delays, increase campus bandwidth, improve security and reliability, and increase productivity. A mobile private network will also provide more accurate control and analysis of EV manufacturing.
14D
Alphabet to buy smart glasses firm North for $180mn - report
Google is on the verge of buying Canadian smart glasses company North in a deal worth a reported $180 million. The Globe & Mail was the first outlet to report the news, citing sources that said that Ontario-based company is in the “final stages” of hammering out an agreement with Alphabet. The piece added that North is "effectively being stripped of its parts" by Google's parent company.
17D
Hitachi and Microsoft announce digital transformation alliance
Hitachi and Microsoft have announced a multiyear strategic alliance to accelerate the digital transformation of the manufacturing and logistics industries across Southeast Asia, North America and Japan. The two companies will work together to meet the growing demand for predictive maintenance and process automation in remote areas and support enterprises as they tackle COVID-19 challenges.
17D
Amazon snaps up self-driving startup Zoox for $1.2bn - reports
Amazon has acquired self-driving startup Zoox for $1.2 billion, according to reports. Both the Financial Times and The Information have reported the agreement, citing people close with the matter. The official announcement could be made as early as today. Talks between the two companies were first reported in May, with both declining to comment, but it looks like a deal has now been struck.
17D
Waymo and Volvo partner on autonomous ride-hailing vehicles
Waymo and Volvo have partnered up to develop self-driving technology and hardware. The companies will work together to integrate Waymo’s self-driving technology – the Waymo Driver – into an all-new mobility-focused electric vehicle platform for ride-hailing services. Waymo will focus on technologies such as AI and Lidar, while Volvo will develop and manufacture the self-driving vehicles.
17D
Huawei wins approval for $1.2 billion UK R&D facility
Huawei has won planning approval to build a $1.2 billion R&D and manufacturing facility in the UK. The 50,000 square foot site will be located near Cambridge and will be the company's international HQ for its opto-electro business. The first phase of the project will focus on the research, development, and manufacturing of optical devices and modules. Huawei said 400 jobs will be created.
18D
AWS makes no-code play with Amazon Honeycode
AWS has made a huge play in the low and no-code market with the release of Amazon Honeycode, a cloud platform that will help users build mobile and web apps without any code. The enterprise software promises to allow employees without any programming experience to build applications. Currently in beta mode, Amazon Honeycode will use visualisation and automation tools to enable development.
18D
Zoom appoints cybersecurity veteran Jason Lee as CISO
Zoom has tapped up Salesforce's former head of security, Jason Lee, to become its new Chief Information Security Officer. He was most recently the Senior Vice President of Security Operations at Salesforce, and previously was Principal Director of Security Engineering at Microsoft. Lee will lead Zoom’s security team and report to Aparna Bawa, Zoom’s Chief Operating Officer.
18D
Databricks announces Redash deal to help enterprises search data lakes
Databricks has announced the availability of Delta Engine and the acquisition of Redash. It said the new capabilities will make it faster and easier for data teams to use its Unified Data Analytics platform for data science, machine learning, and a broad range of data analytics use cases. The Israeli startup Redash will be fully integrated into Databricks’ data analytics platform.
18D
Apple buys enterprise device management firm Fleetsmith
Apple has bought enterprise device management company Fleetsmith, which specialises in managing corporate Apple devices. The deal will enable Apple to help enterprise customers to secure their devices at a time when huge numbers of people are working remotely. Fleetsmith was established four years ago and has raised $40 million in funding. No financial details of the deal have been disclosed.