Progress announced the Q4 2024 release of its award-winning Progress® Telerik® and Progress® Kendo UI® component libraries.
Pure Storage announced the acquisition of privately-held, Sunnyvale, California based software company StorReduce, a cloud-first software-defined storage solution for managing large scale unstructured data.
The acquisition allows Pure Storage to add sophisticated deduplication technology to its object storage portfolio and expand its public cloud integrations to meet the growing demand to manage unstructured data in multi-cloud environments.
StorReduce's cloud-optimized technology reduces storage and bandwidth costs, enabling flash plus cloud solutions across a variety of use cases, including data tiering, migration, and protection. StorReduce has been recognized for its innovative technology, recently named a Gartner Cool Vendor in Storage.1 In the same report, Gartner noted that developing a private/hybrid/public cloud strategy is the number one issue facing organizations today, cited by one in three organizations as their primary challenge.
"StorReduce and Pure Storage share a common goal to empower customers to get the most out of their data in the increasingly hybrid cloud world," said StorReduce CEO Vanessa Wilson. "With the combination of StorReduce's data reduction capabilities and Pure's flash and object storage technologies, we can now optimize many modern cloud-native applications as well as many existing unstructured data workloads, in particular rapid recovery, at a faster rate."
"The StorReduce team has built an incredibly exciting technology that has the opportunity to make a major impact on next-generation storage architectures," said Charles Giancarlo, Pure Storage CEO. "Together, we will help customers execute on data-centric architectures that bridge seamlessly from on-prem to cloud."
The financial terms of the acquisition are not being disclosed. The acquisition closed in August 2018.
Industry News
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Red Hat announced the availability of Red Hat JBoss Enterprise Application Platform (JBoss EAP) 8 on Microsoft Azure.
Launchable by CloudBees is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
Kong closed a $175 million in up-round Series E financing, with a mix of primary and secondary transactions at a $2 billion valuation.
Tricentis announced that GTCR, a private equity firm, has signed a definitive agreement to invest $1.33 billion in the company, valuing the enterprise at $4.5 billion and further fueling Tricentis for future growth and innovation.
Check Point® Software Technologies Ltd. announced the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform.
Sonatype and OpenText are partnering to offer a single integrated solution that combines open-source and custom code security, making finding and fixing vulnerabilities faster than ever.
Red Hat announced an extended collaboration with Microsoft to streamline and scale artificial intelligence (AI) and generative AI (gen AI) deployments in the cloud.
Endor Labs announced that Microsoft has natively integrated its advanced SCA capabilities within Microsoft Defender for Cloud, a Cloud-Native Application Protection Platform (CNAPP).
Progress announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.
Red Hat announced the general availability of Red Hat Enterprise Linux 9.5, the latest version of the enterprise Linux platform.
Securiti announced a new solution - Security for AI Copilots in SaaS apps.
Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.