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.

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.

AWS Announces the Launch of X1 Instances for EC2

The newly launched X1 instances offer 2 TB of memory and high performing Intel processors that is more than any of the other SAP certified cloud instance available today.

amazon intel x1  Amazon Web Service announces the launch of X1 instances for Amazon EC2. These memory optimized instances will support the large scale in memory database, process big data and HPC. AWS is providing the most comprehensive collection of instances.

The X1 instances have 2 TB of memory and they are powered by four 2.3 GHz Intel Xeon E7 8880 v3 processors delivering 128 vCPUs. The X1 instances also offer up to 10 GB per second of dedicated bandwidth to Amazon Elastic Block Store that the team believes is well matched to hold up large-scale in-memory databases, big data processing, and high performance computing.

“Amazon EC2 provides the most comprehensive selection of instances, offering customers, by far, the deepest compute functionality to support virtually any workload,” said Matt Garman, Vice President, Amazon EC2.

He further said “With 2 TB of memory – 8 times the memory of any other available Amazon EC2 instance, and more memory than any SAP-certified cloud instance available today – X1 instances change the game for SAP workloads in the cloud. Now, for the first time, customers can run their most memory-intensive applications at scale with the elasticity, flexibility, and reliability of the AWS Cloud, rather than having to battle the complexity, cost, and lack of alertness or on-premises solutions.”

The X1 instances have been certified by SAP for manufacturing workloads. They meet the recital bar for SAP OLAP and OLTP workloads backed by SAP HANA.

It is easy to migrate the on-premises deployments to AWS and also start fresh. Both ways, it can run S/4HANA, SAP’s next-generation Business Suite, as well as earlier versions.

Many AWS clients are presently running HANA in scale-out fashion across multiple R3 instances. Many of these workloads can now be run on a single X1 instance. This design will be simpler to set up and less costly to run. The updated of the SAP HANA Quick Start will offer the clients with more information about their configuration options.

The AWS clients, across almost every industry and layout, are using SAP applications on the AWS Cloud and experiencing the suppleness, scalability, safety, and cost savings of the world’s most complete cloud platform for their business applications.