Bits Blog: Betaworks Buys What's Left of Social News Site Digg
Betaworks, a technology incubator in New York, has purchased Digg, a social news site that has slowly lost steam amid the rise of services like Twitter and Facebook.
Watch Out Amazon, Japan's Rakuten Buys E-Commerce Fulfillment Company Webgistix To Expand Further In The US
Japanese ecommercce giant Rakuten is making a acquisition of a US-based company today-Webgistix, a logistics and services company specializing in fulfillment technology for e-commerce retailers. The acquisition is Rakuten’s second logistics investment outside of Japan. Financial terms of the deal were not being disclosed at the time.
Intel's McAfee Buys Cloud-Based, Networked Firewall Specialist Stonesoft For $389M In Cash
McAfee, the Intel-owned security specialist, has just announced that it is buying Stonesoft Oyj,a Finland-based specialist in firewall protection products, for $389 million in cash. The move will let McAfee expand its product line specifically in cloud-based networked security products, to complement the antivirus services for which McAfee is best known. It comes at a time when PCs are sitting side by side with other kinds of devices like tablets and smartphones on networks, and more information is moving off devices and on to networked, cloud-based systems. “With the pending addition of Stonesoft’s products and services, McAfee is making a significant investment in next-generation firewall technology. These solutions anticipate emerging customer needs in a continually evolving threat landscape,” said Michael DeCesare, McAfee President, in a statement. “Stonesoft is a leading innovator in this important market segment.” He added that McAfee will integrate Stonesoft’s products ...
Syria Buys Dell PCs Despite Sanctions
puddingebola writes with a New York Times article about how mundane PCs — not just more esoteric and eyebrow-raising network monitoring equipment from Blue Coat — makes its way to Syria: "From the article: 'Large amounts of computer equipment from Dell have been sold to the Syrian government through a Dubai-based distributor despite strict trade sanctions intended to ban the selling of technology to the regime, according to documents obtained by The New York Times. The disclosure of the computer sales is the latest example of how the Syrian government has managed to acquire technology, some of which is used to censor Internet activity and track opponents of the Syrian president, Bashar al-Assad.'"
Actian Buys Amazon-Funded ParAccel As April Buying Spree Continues
Actian is on a buying spree. The big data management company announced today the acquisition of ParAccel, the data analytics company that has $64 million in funding from Amazon and other investors. Earlier this month, Actian acquired Pervasive Software, a data integration company based in Austin. Actian provides data integration and a a data analytics database called Vectorwise with a particular emphasis on Hadoop. Its Hadoop connectors hook into Hadoop, pull out relevant data in real time and integrate it accordingly. ParAccel also has a data analytics database. ParAccel has made a mark with its analytics database. It is used by Amazon Redshift, the service that acts as a data warehouse in the cloud. ParAccel, as of December, has more than 60 customers. Actian CTO Mike Hoskins said the company is profitable, giving it an opportunity to build a big data portfolio. “When you look at our combined capabilities, including Versant, Pervasive and now ParAccel, we have global reach in many fast-growing ...