Rackspace CEO: Q1 2016 Growth Driven by Managed Cloud Services Demand
Rackspace is the latest hosting company to post quarterly earnings, reporting adjusted earnings of 34 cents per share on Monday, far above the 22 cents predicted by Wall Street analysts. Source: Web Hosting Review
Cisco's $1.4B Jasper Technologies Acquisition Signals Major IoT Move
Cisco has announced that it will acquire Jasper Technologies, a Silicon Valley-based cloud-based Internet-of-Things service platform provider that calls itself the “on switch” for IoT. Source: Web Hosting Review
Europe Greenlights Equinix-Telecity Merger, With Caveats
European antitrust regulators have approved the planned acquisition of TelecityGroup by Equinix, making the Redwood City, California-based data center provider the largest player in the European market. Source: Web Hosting Review
Rackspace Reports 10.7 Percent Revenue Growth in Q3 Results
In its third-quarter results, cloud provider Rackspace reported 10.7 percent revenue growth and 42 percent net income growth compared to the same quarter last year. Source: Web Hosting Review
Blue Coat Systems Acquires Security Startup Elastica for $280 Million
Enterprise security firm Blue Coat Systems announced on Monday that it has acquired Elastica for $280 million. Source: Web Hosting Review