TechTaffy

tech:

taffy

VMware Acquires Nicira For $1.26B

By TechTaffy Desk

[Techtaffy Newsdesk]

VMware has signed a definitive agreement to acquire Nicira, a company in the software-defined networking (SDN) and network virtualization for open source space. The purchase price is approximately $1.05 billion in cash plus approximately $210 million of assumed unvested equity awards. The acquisition is subject to regulatory approvals and other customary closing conditions.  The parties expect the acquisition to close during the second half of 2012.  The acquisition has been approved by the boards of directors of both VMware and Nicira and the stockholders of Nicira.

VMware plans to continue to support the open principles and technologies, including the Open vSwitch to connect physical networks and multiple hypervisors and the open extensibility framework to implement business-level policies from any cloud management system.

Nicira is a privately held startup. Investors in the company include Andreessen Horowitz, New Enterprise Associates (NEA) and Lightspeed Venture Partners, along with Diane Greene and Andy Rachlefff.

[Image Courtesy: Nicira]

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.