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.

Apple Plans Exclusively to Sell Apollo “Personal Cloud” Products

From this June the Apollo “personal cloud” the product of Promise Technologies will be available in Apple stores for general consumers along with Apollo Cloud App to use it from anywhere.  Promise Technologies announces that its brand new product Apollo “Personal cloud” will be available in Apple stores from this June for the consumers. The announcement was made by Promise in Computex in Taiwan.

The device is designed for families and small businesses; Apollo is a sleek, quiet appliance that allows users to privately and securely store their data. Apollo’s simple set-up and file management is performed from just one single app which enables users to share files from virtually any device and from anywhere in the world.

Additional members can easily be added, who can then each have their own storage space on the owner’s Apollo.  Each member has complete privacy and security from other members. At Computex, Promise is excited to debut Apollo through an interactive user experience area where visitors can see first-hand how easy it is to share and manage files through the Apollo app.

“Promise has a relentless commitment to innovating new solutions that improve how we live and work,” said HC Chang, GM of Promise Technology APAC. “Apollo is our latest innovation; however, it is just the beginning as we are looking at building a whole new line of solutions for the IoT market. We are looking forward to showcasing Apollo to the many users passionate about technology and we are excited to hear their innovative ideas on what the next generation of Apollo should offer.”

While the device certainly won’t replace cloud storage as we know it, Apollo is not even recommended as a sole backup device, it is part of a larger trend of personal cloud storage for users who want to take “control” of their privacy. Of course, with any Internet-enabled devices, there are still security risks, but it could provide peace of mind for certain users.

The device sounds ideal for families or friends who want to share photos or videos without putting them on Facebook, Instagram or another photo-sharing website or cloud-based service. There doesn’t seem to be much of a business application for the device.

Apple has been making efforts in recent months to bolster its position in the cloud marketplace, and this latest effort would appear to be a move towards the consumer market.

IBM and SAP to Integrate Complementary Cloud Technologies

The sweeping program will enable both the companies to provide their clients with the modernized systems and processes that will be built on their cloud collaboration and combined technologies.

SAP and  IBM Corp., and well known business software provider SAP SE said they will put up on their cloud partnership and unite complementary technologies and services with an offer to renovate their systems for the digital economy. The partnership plans to unite IBM’s cognitive competence and cloud and power systems with SAP’s software and cloud platform. The long time allies plan to co-locate assets in Walldorf, Germany, where SAP is based, and Palo Alto, Calif.

“The future of business strategy and business value will proceed from the foundation elements of this announcement — cognitive, cloud and the design of consumer-quality experiences in every industry,” said Bridget van Kralingen, senior vice president, IBM Global Business Services. “We’re formalizing a complementary set of capabilities to simplify and speed outcomes for clients evolving to become cognitive enterprises” he said.

The SAP vends software that deals with business operations such as manufacturing, stock and finance. Its HANA business software, which develop memory chips to add speed advantages over usual databases that run on disk drives, has become the center of its cloud offerings.

IBM has been operational to re-invent itself in the cloud computing age. SAP’s partnership with the tech giant appeals to set up companies that have shied away from outsourcing operations or want use a grouping of their own data centers and those in the cloud.

“Today’s announcement builds on SAP’s commitment to enable strong, growing businesses that can seize the amazing opportunities of the digital economy, “SAP S/4HANA is the re-imagined suite of core business applications, ” said Rob Enslin, member of the Executive Board of SAP SE and president of Global Customer Operations, SAP.

The corporations will depict on the successful, strategic partnership between IBM and SAP for SAP HANA Enterprise Cloud services announced in October 2014 to balance the IBM cloud platform to fulfill the random demands of digital transformation. In adding up, IBM and SAP will work together on industry specific cloud solutions and increase current SAP HANA Enterprise Cloud services to comprise ongoing application protection and support services.

The companies will expand joint consulting models illustrated on proven, nimble services and support methodologies from both organizations. IBM’s Institute for Business Value and SAP’s Value Engineering organization will co-create digital transformation road maps by industry and by C-suite role.