NTT Com's Virtela Acquisition Builds WAN Virtualization Capabilities and Client Base

NTT Communications completed its previously announced acquisition of Virtela Technology Services Incorporated (Virtela), a leading global managed and cloud-based network services company. "Leveraging advanced virtualization technologies, such as Network Functions Virtualization (NFV), features such as firewall, WAN acceleration and SSL remote access will be delivered from network cloud. Furthermore, these features are automated for on-demand activation...

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Verizon Introduces Per-Hour Billing for Oracle Database

Verizon Enterprise Solutions announced an hourly billing option for accessing Oracle Database and Oracle Fusion Middleware on the Verizon cloud infrastructure.  Customers can bring their own Oracle licenses to the Verizon platform or purchase Verizon cloud services, which already include Oracle licenses. Current Verizon eCloud and Managed Hosting customers can also be able to use Oracle software on a per-hour cost basis and can leverage existing...

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Schneider Electric to Acquire AST Modular for Prefab Data Center Modules

Schneider Electric agreed to acquire AST Modular, which supplies pre-fabricated data center modules.  Financial terms were not disclosed. AST Modular, which is based in Barcelona, Spain, has executed over 450 data center projects worldwide.  The company is considered an innovator in the prefabricated data center space. Expansions to AST Modular’s portfolio have included non-ISO modules, multi-module designs, and modular data center rooms,...

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Telstra Sells Majority Stake in Directories Business for US$408 Million

Telstra will sell a 70% stake in its directories business, Sensis to Platinum Equity for A$454 million (US$408 million). The sale excludes the voice services business and includes economic benefits to Telstra from services it will continue to provide to Sensis. Telstra will retain a 30% shareholding with Sensis now valued at A$649 million. Telstra said the transaction price is equal to a multiple of 2.4 times Sensis’ FY14 forecast EBITDA after...

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SAP Reports 130% Annual Growth in its Cloud Services

SAP delivered strong revenue growth in 2013. Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies (5% at actual currencies to €5.3 billion). Non-IFRS software and software-related service revenue grew 11% at constant currencies (6% at actual currencies to €14.0 billion). Non-IFRS total revenue grew 8% at constant currencies (4% at actual currencies to €16.9 billion). SAP said it is successfully managing...

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