Snowflake says that CEO Frank Slootman is retiring, and reports Q4 revenue up 32% YoY to $774.7M and Q1 product revenue guidance below est.; SNOW drops 20%+
acq by EMC for $2.4B ServiceNow—$9B rev Snowflake—$2.5B rev Tanay Jaipuria / @tanayj : As the saying goes, you either die a startup or live long enough to appoint a desi CEO [image] @jason : Meet Gene...
Cisco plans to acquire cybersecurity company Splunk in cash for $157 per share, a 31% premium on Splunk's September 20 closing price, in a deal valued at ~$28B
https://www.reuters.com/... Chris Merkel / @chrismerkel@infosec.exchange : Scoop: Anonymous has hacked the neuralinks of the leadership teams at Splunk and Cisco. While I can't identify the specific ...
Adobe plans to buy UI design and prototyping tool Figma for ~$20B, half cash and half stock; CEO Dylan Field will continue to lead Figma; ADBE closed down 16.8%
Today, we're announcing that Figma has entered into an agreement to be acquired by Adobe. TechCrunch : After the Figma-Adobe deal, which design startups are acquisition targets? Wall Street Journal : ...
Dell spins off its 81% stake in VMware, creating a $64B independent software company; Dell's remaining hardware operations have an implied value of $33B
Share sale completes eight-year saga that will unwind part of the 2018 deal for server and storage company EMC
Dell votes to buy back VMware tracking stock and go public again, to trade on NYSE beginning December 28 under the symbol DELL
Dell just announced that it has agreed to buy back the VMware tracking stock from the EMC acquisition. The company confirmed the buy-back price of $120 per share for a total of $23.9 billion.
Pivotal closes up ~5% on its first day of trading after raising $555M in its IPO at a valuation of ~$3.8B
Pivotal Software, the spin-out of EMC and VMware that's the leading force behind the Cloud Foundry project, became a publicly traded company Friday with its listing on the New York Stock Exchange.
Pivotal, a cloud computing software and consulting services provider that has raised $1.7B since its spin out from EMC and VMware in 2012, files for an IPO
Matt Weinberger / Business Insider :
Dell's venture arm Dell Technologies Capital, which has invested in 70+ startups and spends about $100M annually, comes out of stealth
Dell Technologies Capital Stephen Nellis / Reuters : Dell combines venture capital units after EMC merger David Holley / Xconomy : Dell Technologies Goes Public About $100M Venture Capital Arm Tweets:...
Dell reports Q4 revenues of $20.1B, up 58% YoY, driven by EMC as PC and server growth flatten, and paid down $7B debt in last six months
Dell Technologies Inc. said it's growing market share in all of its key markets as synergies between its new EMC subsidiary and other federated companies kick in.
Pure Storage to pay Dell $30M as part of settlement to end three-year EMC patent litigation
Tiernan Ray / Tech Trader Daily :