Blue Coat Cloud Security Firm Merges into Symantec

Acquisition of Blue Coat Cloud Computing Security Company would strengthen the cloud security muscle power of Symantec Inc.  It was announced by the Symantec Inc that the company is going to acquire and merge the Blue Coat cloud security firm for $4.65 billion. The merger would strengthen the cloud computing security portfolio of Symantec, according to the official statement.

The details of the entire balance sheet and acquisition terms and conditions were also announced. According to the statement, the current cash on of the company stands at $5.9 billion, while new debt will remain at about $2.8 billion that will be paid to Blue Coat in the future. Symantec will pay $1.85 billion to Blue Coat from its current cash on the balance sheet.

It was also made public that the CEO of the Blue Coat, Greg Clark would also be hired as the CEO of the Symantec company. The financial terms and conditions for this position were not available in the statement issued by the company.

It is very important to note that Symantec is a big name in the domain of IT security. But, Blue Coat was posing serious challenges for the company in the domain of the cloud computing arena. It was a good move of Symantec to merge the Blue Coat Company to strengthen its power of security services in the domain of cloud based services.

Meanwhile, the performance credentials of the Blue Coat company were very impressive during the past few years. In 2016, the company was growing at about 17% with a revenue of over $755 million. The retention rate of its satisfied customers in the domain of cloud security was over 95% out of its large customer base of over 15000 enterprise customers.

With this merger of the two big companies in the domain of IT security, Symantec Inc would become the largest IT security company in terms of its annual revenue. It will also boost its standing in the marketplace where a fierce competitive environment prevails.

Many technical experts and financial gurus are welcoming this merger as good augment for the cloud based services in the future. The share prices of Symantec reflected the positive mood of the market with a hike of over 18% in the market.

Many private equity fund companies are infusing substantial funds to show their confidence in the Symantec’s present move.

Microsoft Azure to Lead in Enterprise Cloud, Says Latest Research

A new research study indicates the confidence of enterprise users in Microsoft enterprise cloud solutions as compared to other competitors.

MS  A new research on the future prospects of different cloud based enterprise services was conducted by the HyTrust Research Company. According to the results of the research, Microsoft Azure cloud computing platform is going to make stronger inroads into the enterprise cloud market in near future. The research was conducted with a sample size of over 500 executives of large and medium sized organizations.

According to the responses of those top executives who are in positions to influence the decision making of the company, the Microsoft Azure is the top choice for the enterprise cloud solutions. The supporter of the Microsoft Azure platform counted for over 34% of all respondents in this research study. At the second place, the respondents showed the confidence in VMware with 24% ratio. Amazon web services (AWS) is supported by 22% of the respondents of this survey.

This is really a good news for the Microsoft Azure that industry is showing its confidence heavily in the Microsoft cloud solutions. Many executives in the IT industry believe that Microsoft Azure provides a comprehensive end to end cloud computing based IT solutions to the industries, while other competitors lack in some the features and support aspects.

While talking about the importance of the HyTrust research, the president of the company, Erich Chiu, in his official statement said, “Without much fanfare, this critical technology advance has become woven into the basic fabric of businesses large and small. The potential of virtualization and the cloud had always been undeniable, but there was genuine concern over security and skepticism regarding the processes required. What we find in this research is that the challenges are being overcome, and every kind of function in every kind of industry is being migrated. There are some holdouts, to be sure, but they’re now the exception, and we’re betting they won’t stay that way for long.”

In the study, it was also found that more than 74% of the enterprise respondent wanted to shift to the public cloud to improve the efficiency and reduce the cost of their IT networks. The provision of the comprehensive end to end robust hybrid cloud solutions with reliable supporting tools are the major factors for the increasing reputation of Microsoft Azure cloud computing solutions.

Samsung to Acquire Joyent Cloud Based Company

This acquisition is meant to boost the prospects of the cloud based services on the Samsung mobile services to compete with the big competitors in the marketplace.

joyent  Electronic device giant Samsung Corporation announced this week that it is going to acquire Joyent, the cloud computing based service provider company. All financial, technical and commercial aspects have been finalized between the two companies, according to the announcement made by Samsung. Although, the financial terms and conditions for the acquisitions have not been disclosed in the official statement.

It was further informed in the statement that the major objective of this acquisition is to boost the cloud computing based services offered on the Samsung mobile devices, especially the mobile apps and other associated services to compete with the top competitors of the company in the marketplace.

Meanwhile, the official blog of the company states that the existing top member of Joyent will continue working with the Samsung corporation on its cloud project, which envisions the future of the company to progress. Joyent will not be merged into the organization, but it will operate as an standalone company for the cloud project.

“As a result of this acquisition, Samsung will become an anchor tenant for Joyent’s Triton and Manta solutions, and will help fuel the growth of our team and the expansion of our worldwide data center footprint. This acquisition, though, is about more than just adding financial muscle and scale. Joyent and Samsung share a culture of innovation and technical excellence, and bring together a set of highly complementary cloud, big data, mobile and IoT technologies,” CEO, Joyent Company, Scott Hammond wrote in his official blog.

Earlier this major acquisition of US based company, two major companies were also acquired by the Korean giant to strengthen its mobile payment portfolio. These companies include LoopPay and SmartThings, whicy were acquired during the last couple of years.

Many technical experts in the field believe that Joyent was positioning for acquisition for quite a few years, but could not succeed. The main reasons for the present acquisition for Samsung are the Triton, a container infrastructure platform and the Manta, which is cloud based object storage services offered to many reputed clients in the marketplace.

This acquisition will increase the prospects of the cloud based services on the Samsung devices.