The Blackstone Group and GIC had agreed to pay $750 million for about a 44% equity stake in the HR software giant Kronos ($4.5b enterprise value, including debt). Human resources technology is in strong demand driven by switch to cloud computing model gradually replacing traditional in-house workforce management infrastructure.
FoundationDB, a developer of transactional NoSQL database software that resolves ACID, has raised $17 million in Series A funding. ACID (Atomicity, Consistency, Isolation, Durability), a set of properties that guarantee that database transactions are … [Continue reading]
Cloud security company Barracuda Networks raises about $74 million in IPO on the New York Stock Exchange selling more than 4 million shares at $18 apiece at a valuation just a bit short of one billion. Cyber security shares are in high demand and … [Continue reading]
Terascala, the developer of fast storage for HPC systems, has closed additional venture funding. Terascala fast storage appliances provide on-demand throughput at multiple gigabytes per second in the most demanding high performance computing systems. … [Continue reading]
IID, a provider of cybersecurity solutions, has raised $8 Million in Series A financing round. The ActiveTrust network by developed IID enables trusted threat intelligence collaboration for enterprises and governments. Despite continuing recession … [Continue reading]