Momentum Builds for Central Office Re-architected as a Data Center Project (CORD)

The Central Office Re-architected as a Data Center (CORD) initiative, which was initially developed by ON.Lab as a use case for the ONOS open source SDN operating system, will now be managed as an independent open source project under The Linux Foundation. CORD aims to utilize merchant silicon and  the elasticity of commodity clouds to enable data center economics and cloud agility in the central office environment. Google, Radisys and Samsung...

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A10 Powers into Cloud ADC Market with Acquisition of Appcito

A10 Networks has acquired Appcito, a start-up based in Santa Clara, California, that developed a SaaS-based, multi-cloud ADC (application delivery controller) solution utilizing microservice and container architectures. Financial terms were not disclosed. A10's existing Thunder ADC is an on-premise solution for load-balance and optimizing application delivery. Appcito's solution is a cloud-native application delivery system with web-scale elastic...

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Juniper Posts Q2 Revenue of $1.221 Billion - Flat YoY

Juniper Networks reported Q2 2016 revenue of $1.221.3 billion, flat year-over-year and an increase of 11% sequentially. Juniper posted GAAP net income of $140.0 million, a decrease of 11% year-over-year and an increase of 53% sequentially. GAAP diluted earnings per share for the second quarter of 2016 was $0.36. The company's GAAP operating margin for the second quarter of 2016 was 16.7%, a decrease from 19.9% in the second quarter of 2015, and an...

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LogMeIn to Merge with Citrix's GoTo Meeting

LogMeIn will merge with Citrix's GoTo business in a transaction valued at approximately $1.8 billion based on shares to be issued and LogMeIn's closing price of $65.31 as of July 25, 2016. The deal combines two popular applications for collaborating online. The combined company is expected to have annual revenues in excess of $1 billion with more than two million customers. The companies cited cost saving synergies of $65 million within the first...

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Analog Devices to Buy Linear Tech for $14.8 Billion

Analog Devices agreed to acquire Linear Technology for $14.8 billion in cash and stock. The combined company would be the the premier global high-performance analog industry leader.  The combined entity would have a market cap of $30 billion. Linear Technology, which is based in Milpitas, California, produces power management, data conversion, signal conditioning, RF and interface ICs, µModule subsystems, and wireless sensor network products....

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China's LeEco to Acquire Vizio for US TV Set Business

LeEco, a Beijing-based technology company and one of the largest online video companies in China, agreed to acquire Vizio for $2 billion. The deal includes all of the VIZIO hardware and software operations, technology and intellectual property. Vizio, which is based in Irvine, California and founded in 2002, is a leading consumer electronics brand in North America, with #1 unit share in Smart TVs and #1 unit share in Sound Bars. “Fourteen years...

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