Oracle to Buy NetSuite for $9.3B
Oracle this summer revealed plans to buy cloud company NetSuite for $9.3 billion. The deal is expected to close later this year. Mark Hurd, CEO of Oracle, emphasized the complementary nature of the two companies’ cloud applications, said they “will coexist in the marketplace forever”, and expressed Oracle’s intention to invest heavily in distribution and engineering for both products. NetSuite’s cloud-based business management software is in use by more than 30,000 organizations around the world. It’s a single solution that addresses such business requirements as accounting, e-commerce, engineering change control, finance, global consolidation, human capital management, inventory, material resource planning, payroll, production planning, purchasing, and shop floor control.
Emerson Sells Network Power for $4B
Platinum Equity has purchased Network Power from Emerson for $4 billion, the companies announced in early August. The deal is expected to close by the end of this year. “This agreement marks a major milestone in the strategic portfolio repositioning we announced last June,” said David N. Farr, chairman and CEO of Emerson. “By selling Network Power to Platinum Equity, we have achieved a successful result for our shareholders as part of our plan to streamline Emerson to create a more focused company with significant opportunities for growth and profitability in our core served markets.”
Juniper Networks Acquires Aurrion
Silicon photonics company is now part of Juniper Networks. Over the past almost two decades, Juniper has dramatically reduced the cost per bit-per-second of the electronics portion of networking systems,” Pradeep Sindhu wrote in a blog published this summer. “Unfortunately, the optoelectronics portion – the one that converts electricity to light and vice-versa – has not followed a similar cost curve.” However, Aurrion has invented what Sindhu referred to as a “breakthrough technology that combines the economies of scale pioneered by the silicon industry with the unique properties of light to carry information over long distances at significantly lower cost.”
Riverbed Technology this summer announced plans to buy Aternity. The deal, for which the terms were not disclosed, was expected to close over the summer. The buyer is a company with more than $1 billion in annual revenue that specializes in application performance, offering a solution called Riverbed SteelCentral. Meanwhile, Aternity is a privately owned company that provides end user experience and application performance monitoring solutions. Its solutions are used to monitor more than 1.7 million desktop, mobile, and virtual workforce endpoints. Other players in this space include leaders AppDynamics, BMC, Dynatrace, and New Relic, as well as challengers BMC Software, CA Technologies, Dell, Hewlett Packard Enterprise, and IBM (News - Alert). Gartner refers to AppNeta, JenniferSoft, ManageEngine, Microsoft, Nastel Technologies, and Tingyun as niche players. Riverbed is also considered a challenger; Aternity didn’t make the Gartner list last year.
Kentik Garners $23M
Network traffic intelligence company Kentik Technologies has raised $23 million in a Series B funding round. This round was led by Third Point Ventures, with participation by existing investors August Capital, Data Collective, First Round Capital, and Engineering Capital, and new investors Glynn Capital and David Ulevitch. More than 60 customers, including Box, Dailymotion, Instart Logic, Neustar, OpenDNS, Pandora, Shopify, and Yelp, use Kentik solutions.
CORD Gets Important Supporter
Google (News - Alert) has joined the CORD open source project under way at The Linux Foundation and the Open Networking Lab. What’s more, Google this summer hosted the first CORD Summit. CORD stands for central office rearchitected as a data center. It refers to an approach of providing infrastructure-as-a-service and networking services as tenant applications for this infrastructure.
Amdocs is acting as the integrator for users of the AT&T ECOMP platform. The platform is software that helps developers and telecommunications firms expedite new service introduction based on network functions virtualization, open source, and software-defined networking technologies.
Telefonica Germany Taps Nokia
Nokia has become a managed services supplier for Telefonica Germany’s fixed and mobile network operations. This relates to the E-Plus network that Telefonica Germany acquired in 2014.
Vendor Unveils Mosaic
ADTRAN has introduced a new open software defined access services architecture called ADTRAN Mosaic. It was designed to enable rapid service creation and the delivery of business and residential broadband services at web scale.
Tempered Networks Allows for Agility in Movement
The new global IP namespace capability from Tempered Networks gives enterprise IT the ability to rapidly move endpoints and systems across hybrid networks with no IP address modifications.
Study Categorizes Cloud IT Players
Amazon, Google, IBM, and Microsoft are the leaders in cloud IT infrastructure services, new data from IHS Markit indicates. CenturyLink, Equinix, and Rackspace (News - Alert), the research firm says, are considered established players.
Edited by Alicia Young