How Pivotal got bailed out by fellow Dell family member, VMware

When Dell acquired EMC in 2016 for $67 billion, it created a complicated consortium of interconnected organizations. Some, like VMware and Pivotal, operate as completely separate companies. They have their own boards of directors, can acquire companies and are publicly traded on the stock market. Yet they work closely within the Dell, partnering where it makes sense. When Pivotal’s stock …

Ping Identity files for $100M IPO on Nasdaq to trade as ‘PING’

Some eight months after it was reported that Ping Identity’s owners Vista Equity had hired bankers to explore a public listing, today Ping Identity took the plunge: the Colorado-based online ID management company has filed an S-1 form indicating that it plans to raise up to $100 million in an IPO on the Nasdaq exchange under the ticker “Ping.” While the …

Oracle directors give blessing to shareholder lawsuit against Larry Ellison and Safra Catz

Three years after closing a $9.3 billion deal to acquire Netsuite, several Oracle board members have written an extraordinary letter to the Delaware Court, approving a shareholder lawsuit against company executives Larry Ellison and Safra Catz over the 2016 deal. Reuters broke this story. According Reuters’ Alison Frankel, three board members including former U.S. Defense Secretary Leon Panetta, sent a …

Enterprise software is hot — who would have thought?

Alex Williams Contributor Alex Williams is the founder and publisher of The New Stack, which publishes explanations and analysis of at-scale, distributed technologies for developers, DevOps and other IT professionals. More posts by this contributor Neo4j, A Graph Database For Building Recommendation Engines, Gets A Visual Overhaul Billionaire Jewelry King Launches TaskWorld, A Management Tool All About Performance Once considered …

Splunk acquires cloud monitoring service SignalFx for $1.05B

Splunk, the publicly traded data processing and analytics company, today announced that it has acquired SignalFx for a total price of about $1.05 billion. Approximately 60 percent of this will be in cash and 40 percent in Splunk common stock. The companies expect the acquisition to close in the second half of 2020. SignalFx, which emerged from stealth in 2015, …

IBM is moving OpenPower Foundation to The Linux Foundation

IBM makes the Power Series chips, and as part of that has open sourced some of the underlying technologies to encourage wider use of these chips. The open source pieces have been part of the OpenPower Foundation. Today, the company announced it was moving the foundation under The Linux Foundation, and while it was at it, announced it was open …

Reputation.com nabs $30M more to help enterprises manage their profiles online

In these days where endorsements from influential personalities online can make or break a product, a startup that’s built a business to help companies harness all the long-tail firepower they can muster to get their name out there in a good way has raised some funding to expand deeper into feedback and other experience territory. Reputation.com, which works with big …

Join The New Stack for Pancake & Podcast with Q&A at TC Sessions: Enterprise

Popular enterprise news and research site The New Stack is coming to TechCrunch Sessions: Enterprise on September 5 for a special Pancake & Podcast session with live Q&A, featuring, you guessed it, delicious pancakes and awesome panelists! Here’s the “short stack” of what’s going to happen: Pancake buffet opens at 7:45 am on Thursday, September 5 at TC Sessions: Enterprise …

Ally raises $8M Series A for its OKR solution

OKRs, or Objectives and Key Results, are a popular planning method in Silicon Valley. Like most of those methods that make you fill in some form once every quarter, I’m pretty sure employees find them rather annoying and a waste of their time. Ally wants to change that and make the process more useful. The company today announced that it …

The five great reasons to attend TechCrunch’s Enterprise show Sept. 5 in SF

The vast enterprise tech category is Silicon Valley’s richest, and today it’s poised to change faster than ever before. That’s probably the biggest reason to come to TechCrunch’s first-ever show focused entirely on enterprise. But here are five more reasons to commit to joining TechCrunch’s editors on September 5 at San Francisco’s Yerba Buena Center for an outstanding day (agenda …

Microsoft acquires jClarity, an open source Java performance tuning tool

Microsoft announced this morning that it was acquiring jClarity, an open source tool designed to tune the performance of Java applications. It will be doing that on Azure from now on. In addition, the company has been offering a flavor of Java called AdoptOpenJDK, which they bill as a free alternative to Oracle Java. The companies did not discuss the …

How Facebook does IT

If you have ever worked at any sizable company, the word “IT” probably doesn’t conjure up many warm feelings. If you’re working for an old, traditional enterprise company, you probably don’t expect anything else, though. If you’re working for a modern tech company, though, chances are your expectations are a bit higher. And once you’re at the scale of a …

Alibaba cloud biz is on a run rate over $4B

Alibaba announced its earnings today, and the Chinese ecommerce giant got a nice lift from its cloud business, which grew 66 percent to more than $1.1 billion, or a run rate surpassing $4 billion. It’s not exactly on par with Amazon, which reported cloud revenue of $8.381 billion last quarter, more than double Alibaba’s yearly run rate, but it’s been a …

Incorta raises $30M Series C for ETL-free data processing solution

Incorta, a startup founded by former Oracle executives who want to change the way we process large amounts data, announced a $30 million Series C today led by Sorenson Capital. Other investors participating in the round included GV (formerly Google Ventures), Kleiner Perkins, M12 (formerly Microsoft Ventures), Telstra Ventures and Ron Wohl. Today’s investment brings the total raised to $75 …

VMware says it’s looking to acquire Pivotal

VMware today confirmed that it is in talks to acquire software development platform Pivotal Software, the service best known for commercializing the open-source Cloud Foundry platform. The proposed transaction would see VMware acquire all outstanding Pivotal Class A stock for $15 per share, a significant markup over Pivotal’s current share price (which unsurprisingly shot up right after the announcement). Pivotal’s …

Every TC Sessions: Enterprise 2019 ticket includes a free pass to Disrupt SF

Shout out to all the savvy enterprise software startuppers. Here’s a quick, two-part money-saving reminder. Part one: TC Sessions: Enterprise 2019 is right around the corner on September 5, and you have only two days left to buy an early-bird ticket and save yourself $100. Part two: for every Session ticket you buy, you get one free Expo-only pass to …

Why chipmaker Broadcom is spending big bucks for aging enterprise software companies

Last year Broadcom, a chipmaker, raised eyebrows when it acquired CA Technologies, an enterprise software company with a broad portfolio of products, including a sizable mainframe software tools business. It paid close to $19 billion for the privilege. Then last week, the company opened up its wallet again and forked over $10.7 billion for Symantec’s enterprise security business. That’s almost …

Slack announces new admin features for larger organizations

Slack has been working to beef up the product recently for its larger customers. A couple of weeks ago that involved more sophisticated security tools. Today, it was the admins’ turn to get a couple of new tools that help make it easier to manage Slack in larger settings. For starters, Slack has created an Announcements channel as a way …

Procore brings 3D construction models to iOS

Today, Procore, a construction software company, announced Procore BIM (Building Information Modeling), a new tool that takes advantage of Apple hardware advances to bring the 3D construction model to iOS. Dave McCool, senior product manager at Procore, says that architects and engineers have been working with 3D models of complex buildings for years on desktop computers and laptops, but these …

Clumio raises $51M to bring enterprise backup into the 21st century

Creating backups for massive enterprise deployments may feel like a solved problem, but for the most part, we’re still talking about complex hardware and software setups. Clumio, which is coming out of stealth today, wants to modernize enterprise data protection by eliminating the on-premise hardware in favor of a flexible, SaaS-style cloud-based backup solution. For the first time, Clumio also …

Rimeto lands $10M Series A to modernize the corporate directory

The notion of the corporate directory has been around for many years, but in a time of more frequent turnover and shifting responsibilities, the founders of Rimeto, a 3 year old San Francisco startup, wanted to update it to reflect those changes. Today, the company announced a $10 million Series A investment from USVP, Bow Capital, Floodgate and Ray Dalio, …

Polarity raises $8.1M for its AI software that constantly analyzes employee screens and highlights key info

Reference docs and spreadsheets seemingly make the world go ’round, but what if employees could just close those tabs for good without losing that knowledge? One startup is taking on that complicated challenge. Predictably, the solution is quite complicated as well from a tech perspective, involving an AI solution that analyzes everything on your PC screen — all the time …

Last chance for early-bird tickets to TC Sessions: Enterprise 2019

It’s down to the wire folks. Today’s the last day you can save $100 on your ticket to TC Sessions: Enterprise 2019, which takes place on September 5 at the Yerba Buena Center in San Francisco. The deadline expires in mere hours — at 11:59 p.m. (PT). Get the best possible price and buy your early-bird ticket right now. We expect more …

Preclusio uses machine learning to comply with GDPR, other privacy regulations

As privacy regulations like GDPR and the California Consumer Privacy Act proliferate, more startups are looking to help companies comply. Enter Preclusio, a member of the Y Combinator Summer 2019 class, which has developed a machine learning-fueled solution to help companies adhere to these privacy regulations. “We have a platform that is deployed on prem in our customer’s environment, and …

‘The Operators’: Experts from Airbnb and Carta on building and managing your company’s customer support

Tim Hsia & Neil Devani Contributor More posts by this contributor ‘The Operators’: Experts from WeWork and Brex talk marketing – Getting the most bang for your buck ‘The Operators’: Slack PM Lorilyn McCue and Google Senior PM Jamal Eason on becoming a product manager and PM best practices Welcome to this transcribed edition of The Operators. TechCrunch is beginning …