Good morning, I.T. entrepreneurs. Here are five technology observations, insights, news updates, gossip, chatter and plenty more to start your day for Monday, June 1, 2015.
Actually, today's update involves 10 items to sip on.
10. Cisco Presidents Exiting: As the CEO crown shifts from John Chambers to Chuck Robbins, two company presidents are leaving Cisco Systems. Both Rob Lloyd and Gary Moore will exit on July 25, and Robbins is expected to unveil a new executive structure on June 11. Pundits think Lloyd was the runner up to Robbins in the CEO search, while Moore was not interested in the CEO post... Either way, their exits eliminate any risk of in-fighting between the former CEO candidates.
9. Getting Hitched: After two months of on again/off again dating, Intel is buying chip designer Altera for $16.7 billion, the companies announced this morning. Intel's fortunes have sagged as the world shifted beyond PCs to tablets and smartphones, though the chip giant's processors continue to show strength in the data center market.
8. Entrepreneur - Again: Men's Wearhouse founder George Zimmer ("You'll like the way you look. I guarantee it.") is back with a startup called zTailors, which connects customers with on-demand tailors who make house calls. Yes, we're all having the same thought: "Why didn't I think of that?"
7. Employees On Demand: 34 percent of the US work force -- 53 million people -- are now independent contractors, short-term hires and freelancers, according to tech watcher and investor Mary Meeker.
6. Looks Like I'll Miss the Launch: Microsoft is set to release Windows 10 on July 29. I'll be on vacation, resting up for what will surely be a very busy Q4...
5. New CTO: CA Technologies hired HBO and Microsoft Xbox veteran Otto Berkes as CTO. As you may recall, CEO Mike Gregoire has spent two years trying to remake CA into a self-service cloud software provider, but overall sales have continued to fall as the world shifts away from CA's classic mainframe and client/server software consumption. Berkes' experience in the consumer-driven IT world could help CA to radically overhaul its approach to user experience.
4. Glass Half Full Or... Ready to Shatter?: Tech and telecom M&A so far in 2015 has hit its highest level since... 2000 -- just around the time of the dot-com bust, according to Dealogic.
3. Cisco's Big Data Ambitions: The networking giant will host a Hadoop Summit party with Map R on June 9. Cisco Systems has been working with most of the major Hadoop distribution providers, making sure the storage grid technology is optimized for Cisco's Unified Compute Systems (UCS)...
2. Fresh Funding: Technology startups raising money to fund growth include...
- ClearData (Tempe, Ariz.), focused on healthcare cloud computing, raised $25 million in Series C funding from multiple backers.
- Hedvig (Santa Clara, Calif.), focused on software-defined storage, raised $18 million.
- LendKey (New York), a lending-as-a-service platform that links potential borrowers with credit unions and banks, raised $8 million in venture funding.
- Snapchat (Venice, Calif.) raised another $500 million from Alibaba and other investors, raising the messaging service's valuation to $16 billion, according to WSJ.
1. Join Me: Our next podcasts -- designed for I.T. entrepreneurs, and delivered each Tuesday -- are set for the following dates at 9:01 p.m. ET/6:01 p.m. PT:
- June 2: Clarizen CEO Avinoam Nowogrodski (pictured) discussing project management across structured and unstructured data.
- June 9: Glint CEO Jim Barnett on how to measure and bolster team morale.
- Plus, we'll have some surprise guests from Hadoop Summit, which runs June 9-11 in San Jose.
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