today announced that it intends to buy MuleSoft in a deal valued at a whopping $6.5 billion. That’s not the selling price, but the amount the company has been valued at based on stocks, bonds and cash on hand. The exact price was not available yet, but the company did indicate it was paying 44.89 per share for Mulesoft,
a price that represents 36 percent premium over yesterday’s closing price, according to Salesforce
What’s more, the deal values each MuleSoft share at $36 in cash and 0.0711 shares of Salesforce common stock.
Rumors began swirling this morning
after a story broke by Reuters
that the CRM giant was interested in MuleSoft, which launched in 2006, and went public almost exactly a year ago
. It gives Salesforce a mature company to add to its arsenal with 1200 customers. It also gives them an API integration engine that
Continue reading "Salesforce is buying MuleSoft at enterprise value of $6.5 billion"
Oracle announced its quarterly earnings
last night, detailing that its cloud business grew 32 percent to $1.6 billion in the quarter. That might sound good at first blush, but it’s part of three straight quarters
of reduced growth — a fact that had investors jittery over night. It didn’t get better throughout the day today with Oracle’s stock plunging over 9 percent
as of this writing.
When you consider that enterprise business is shifting rapidly to the cloud, and that the cloud business in general is growing quickly
, Oracle’s cloud numbers could be reason for concern. While it’s hard to nail down what “cloud” means when it comes to technology companies’ earnings because it varies so much in how each one counts
infrastructure, software, or platform; the general trend from Oracle seems contrary to the eye-popping growth numbers we have seen from other companies
Oracle against the world
Continue reading "Oracle’s cloud biz heading in the wrong direction right now"
has a vision of changing the way we develop websites, making it simpler to connect the front-end design to backend services execution. Today, the company announced another step in that vision when it introduced AWS Lambda functions
They don’t care what tools you use to build the site.
Continue reading "Netlify wants to make it easier for web developers to use AWS Lambda event triggers"
may seem like an odd couple
, but the two companies have been working closely together
for several years now. That has involved IBM sharing its enterprise expertise with Apple and Apple sharing its design sense with IBM. The companies have actually built hundreds of enterprise apps
running on iOS devices. Today, they took that friendship a step further when they announced they were providing a way to combine IBM Watson
machine learning with Apple Core ML
to make the business apps running on Apple devices all the more intelligent.
The way it works is a customer builds a machine learning model using Watson,
taking advantage of data in an enterprise repository to train the model. For instance, a company may want to help field service techs point their iPhone camera at a machine and identify the make and model to order the correct parts. You could
Continue reading "Apple, IBM add machine learning to partnership with Watson-Core ML coupling"
As we watch major tech platforms evolve over time, it’s clear that companies like Facebook, Apple,
Google and Amazon (among others) have created businesses that are having a huge impact on humanity — sometimes positive and other times not so much.
That suggests that these platforms have to understand how people are using them and when they are trying to manipulate them or use them for nefarious purposes — or the companies themselves are. We can apply that same responsibility filter to individual technologies like artificial intelligence and indeed any advanced technologies and the impact they could possibly have on society over time.
This was a running theme this week at the South by Southwest conference in Austin, Texas.
The AI debate rages on
While the platform plays are clearly on the front lines of this discussion, tech icon Elon Musk
repeated his concerns about AI running amok in a
Continue reading "With great tech success, comes even greater responsibly"
As more computing moves to the edge, programmers are looking for ways to access computing power as close to their users as possible to reduce latency and increase performance. Today, Cloudflare announced Cloudflare Workers, a service that enables developers to write code to execute directly at the edge of the Cloudflare network. Company co-founder and CEO Matthew Prince says that up until now… Read More
Dropbox is not messing around. Two weeks ago it announced its IPO. Just last week it announced a big partnership with Google and today comes news that it is integrating more deeply with Salesforce. Dropbox and Salesforce have danced a bit in the past as cloud companies tend to do, but today’s announcement is a bit broader. It involves having Dropbox folders embedded in Salesforce… Read More