Before its IPO, Groupon promised investors that it was going spend more money on data centers.
But its cash flow is brutally tight. Even with the $700 million it raised in its IP), it doesn't have the cash to build its own data center, says BetaBeat.
The company had $243.9 million in cash and equivalents when September closed, according to the Motley Fool.
It's used by everybody from web companies like eBay to healthcare companies like UC Irvine Medical Center.Hortonworkspriced at $16 and jumped almost 50% to over $24. It's up about 40% at the time of writing., which raised close to $1 billion and was the biggest US tech IPO of the year. It offers an online network for individuals to get personal loans more easily.
Cheap, mass-produced semiconductors have transformed our world, with smartphones, laptops, sensors and tablets, all connected to big cloud computing systems.Now the business power of that transformation, in particular the size and might of the biggest cloud systems, is in turn affecting the powerhouses of the information age.
Snapchat has hired Imran Khan, the Credit Suisse banker who led Alibaba’s IPO earlier this year, the Financial Times reports . His title will be chief strategy officer. Khan joins a bunch of senior-level hires at the messaging app who might all be filed under the category "adult supervision.
When Cisco bought Crescendo, it acquired another engineer, Jayshree Ullal in the deal. Ullal led Crescendo's marketing and stayed with Cisco for 15 years, eventually named senior vice president of data center & switching, reporting to John Chambers.in Cisco stock. The price was ultimately based on how big a market Cisco thought it could capture.There are three legendary engineers at Cisco known as "the heart, soul and brains" of the company: Mario Mazzola, Prem Jain and Luca Cafiero. Over the past 20 years, Cisco CEO John Chambers has funneled $2.38 billion to them and their teams, even though, for much of their careers, they have technically not worked at Cisco at all. It's a highly unusual way to retain top talent, something known as a "spin-in." A "spin-in" is a form of R&D in which a company is the sole investor in a startup.
For what probably amounts to a relatively small amount of money, Hewlett-Packard just made a big bet.Thursday afternoon, HP said it had entered an agreement to acquire a company called Eucalyptus, which makes open source software for managing cloud computing systems.
For the second year in a row, Salesforce.com is hosting a hackathon that will dole out $1 million in prizes. But after last year's disastrous contest , which wound up costing the company $2 million in cash and a red face, it has changed the rules. And, sadly, the biggest prize in hackathon history is gone.
In early 2014, a few months before taking his company public, Zendesk CEO Mikkel Svane and his two cofounders, Morten Primdahl and Alexander Aghassipour, went out for drinks in San Francisco.It was the first time in a while that the three cofounders had gotten together after work. They founded Zendesk in Svane’s Copenhagen apartment seven years ago, and the three were close friends.
Last week Twitter unveiled a brand new bug bounty program that pays security researchers (or hackers) to report vulnerabilities on its platform. We decided to reach out to HackerOne , the company behind the bounty program to learn more about how tech companies communicate with independent hackers to better protect their products and services.
Jessica Mah, the founder and CEO of Indinero, was only 11 years old when she started her first business. Having learned how to code in fifth grade, Mah built websites for people and got paid a few thousand dollars a month.That experience led her to do something more serious for her next business.
Dan Bilzerian, the multi-millionaire "King of Instagram", could have faced up to 6 years in prison if he'd been convicted of the bomb felony he was arrested for recently, TMZ explains . The notorious gun-wielding poker player was arrested in Los Angeles on Tuesday and initially charged with possession of explosives. Bilzerian lives a crazy, lavish life — and 2014 has been no exception.
Thomas Edison would be proud. General Electric, the company he started, still knows how to make a buck off cutting-edge technology.In this case, the technology is in the so-called Internet of Things, in which sensors feed data to central repositories, which can analyze and manage enormous amounts of data from the machines.
At IBM's Investor's Day meeting on Thursday, IBM CEO Ginni Rometty laid out a new strategic goal for the company, after failing to meet the last one set by her predecessor, Sam Palmisano. She is shifting $4 billion to spend on four fast-growing markets: cloud, big data/analytics, enterprise mobile/social, computer security.
Remember that failed Sapphire plant in Arizona, where Apple was supposed to churn out tons of their favorite screen material for use on iPhones and every other gadget they could think up? When GT Advanced failed to make good on their deal with Apple for Sapphire glass, Apple promised to repurpose the building.
WASHINGTON – More than 3.7 million comments poured into the Federal Communications Commission over the four months that it was seeking public input on its proposal for “Promoting and Protecting the Open Internet,” also known as net neutrality.That demolished the previous record of 1.