Nimble Storage Rockets Ahead in IPO

On their first day of trading, shares in Nimble Storage  (NYSE: NMBL) rocketed up 62% from the initial price of $21 to close at $33.93, or $168 million for the company. The company raised $168 million by selling 8 million shares. http://www.nimblestorage.com/ Nimble, which is based in San Jose, California, supplies flash-optimized hybrid storage solutions. The company is headed by Suresh Vasuden, who previously servedd as CEO of Omneon...

Read More

VMware Updates its Cloud Management Solutions

VMware releases updated software versions of its its vCloud Automation Center 6.0, vCenter Operations Management Suite 5.8 and IT Business Management Suite. VMware has also updated the automation and management capabilities of its vCloud Suite 5.5. “Providing cloud management solutions that simplify and automate how IT is managed is key to helping our customers on their journey to deliver IT-as-a-Service,” said Ramin Sayar, senior vice president...

Read More

IBM Patents Secure Virtual Machine Launcher for Mobiles

IBM was awarded a U.S. patent for a technique that prevents mobile devices from accessing software code that has been maliciously or inadvertently modified after it was encrypted. U.S. Patent #8,341,747, "Method to provide a secure virtual machine launcher," provides security controls that restrict and prevent access to apps unless their original, previously encrypted code remains unchanged and uncompromised. IBM said its patented security mechanism...

Read More

Sonus to Acquire Performance Technologies for Virtualized Diameter Signaling Controller

Sonus Networks agreed to acquire Performance Technologies, a supplier of advanced, high availability network communications solutions, for $3.75 per share in cash, or approximately $30 million, net of PT’s cash and excluding acquisition-related costs. PT brings an integrated, virtualized Diameter and SIP-based solution that enables service providers to offer new multimedia services through mobile, cloud-based, real-time communications. Its SEGway...

Read More

Qualcomm Names Steve Mollenkopf CEO and President

Qualcomm named Steve Mollenkopf as its next CEO, succeeding Dr. Paul E. Jacobs, who remains Executive Chairman of the Board. Mollenkopf will continue to serve as the company's President, and will take over full CEO responsibilities effective March 4, 2014, following Qualcomm's 2014 Annual Meeting of Stockholders. Mollenkopf has been at Qualcomm for nearly 20 years, serving in a variety of leadership positions including leading the chipset business...

Read More

Infonetics: SON Software Sales to Hit $5 Billion by 2017

The global mobile network optimization and self-organizing network (SON) market is on track to grow 13% in 2013, down from a 17% annual growth rate in 2012, according to a new report from Infonetics. “Self-organizing networks (SON) remain baked in LTE, but as an evolutionary 3GGP technology, SON will continue to evolve, offering more and more advanced features. So deploying SON for 3G optimization – with the zero-touch network as the long-term goal...

Read More

Cisco Looks to Add R&D Jobs in Ontario, Canada

Cisco and the Province of Ontario, Canada have signed a 10-year agreement under which Cisco aims to add up to 1,700 high tech jobs in Ontario with a focus on R&D within the first six years. The agreement also includes a framework with the potential to grow Cisco’s total Ontario employee footprint up to 5,000 by 2024, reflecting a potential total investment of up to $4 billion, including $2.2 billion in salaries alone.  The Province of Ontario...

Read More