Cisco to acquire Springpath for hyperconvergence software - $320m

Cisco agreed to acquire Springpath, a start-up specializing in hyperconvergence software for $320 million in cash and assumed equity awards. Springpath, which is based in Sunnyvale, California, has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems. Cisco and Springpath have worked together since early 2016 to launch HyperFlex, a fully integrated hyperconverged infrastructure system. Cisco...

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Verizon, Ericsson, and Qualcomm hit 1.07 Gbps peak

Verizon, Ericsson and Qualcomm Technologies announced a new peak downlink speed of 1.07 Gbps using the Qualcomm Snapdragon X20 LTE Modem, the first announced modem to support Category 18 LTE speeds. The new record was achieved during an Ericsson lab trial. using 12 simultaneous LTE streams, which allow for up to 20 percent increase in peak data rates and capacity with a corresponding improvement in average speeds. Ericsson's Radio System and LTE...

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América Móvil sees ARPU rising as 4G smartphones take hold in Latin America

América Móvil, the Mexican telecommunications carrier with interests across Latin America and fourth largest mobile operator worldwide in terms of subscriber count, continues to travel along a familiar path – new subscribers in many markets are harder to find but surging demand for always-connected smartphones presents an opportunity to increase ARPU, which lags the consumer spend of developed markets. Competition across Latin America is fierce as...

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Zayo tops $636m in revenue but misses expectations

Zayo Group reported $638.0 million of consolidated revenue for the quarter ending 30-June-2017, including $509.1 million from the Communications Infrastructure segments and $128.9 million from the Allstream segment. Net income amounted to $23.2 million, including $11.3 million from the Communications Infrastructure segments and $11.9 million from the Allstream segment. The company reported $310.8 million of adjusted EBITDA, including $280.8 million...

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Intel Launches 8th gen Core processors

Intel officially introduced its 8th Gen Intel Core processors, including a range of mobile processors designed specifically for sleek thin and light notebooks and 2 in 1s. The new mobile processors promises a boost of up to 40 percent gen over gen1 devices or 2x the performance if you compare it with a 5-year-old machine. The processors feature a new quad-core configuration, power-efficient microarchitecture, advanced process technology and a huge...

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Redis Labs secures $44m in venture funding

Redis Labs, a start-up based in Mountain View, California with offices in Tel Aviv and London, raised $44 million in Series D funding, bringing its total equity to $86 million. The latest funding round was led by new investor Goldman Sachs Private Capital Investing and existing investors Bain Capital Ventures and Carmel Ventures, with participation from Dell Technologies Capital. Redis Labs is home of open source Redis, the world's most popular...

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Rackspace is rolling out a VMware private cloud offering

Rackspace Private Cloud powered by VMware built on VMware Cloud Foundation will enable full software defined data center (SDDC) capabilities including compute, storage and networking that span the public and private cloud. "Provisioning hardware quickly is no longer considered a value for customers, it's expected," said Peter FitzGibbon, vice president and general manager of VMware at Rackspace. "The enhancement in our VMware private cloud delivery...

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CoreSite Extends Microsoft Azure ExpressRoute to more data centers

CoreSite announced the expanded availability of Microsoft Azure ExpressRoute, which can now be privately accessed from seven of CoreSite’s markets across the country, including Northern Virginia, Chicago, Silicon Valley, Denver, Los Angeles, New York, and Boston. This enables CoreSite customers to privately connect to Microsoft Azure, Office 365 and Dynamics 365 via the CoreSite Open Cloud Exchange, which provides high-performance, SLA-backed virtual...

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