TechTaffy

tech:

taffy

Microsoft To Acquire StorSimple

By TechTaffy Desk

[Techtaffy Newsdesk]

Microsoft has reached a definitive agreement to acquire StorSimple, a  Cloud-integrated Storage (CiS) solutions company.  Terms of the deal were not disclosed.

Michael Park (Corporate vice president, Server and Tools Division for Microsoft): Customers faced with explosive growth in data are looking to the cloud to help them store, manage and archive that data. But, to be effective, cloud storage needs to integrate with IT’s current investments.

StorSimple solutions combine the data management functions of primary storage, backup, archive and disaster recovery with cloud integration.  StorSimple  investors  include Ignition Partners, Index Ventures, Mayfield Fund and Redpoint Ventures.

 

Just in

AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 
AI

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.