Business

From M&A deals, business strategy, startup funding, and regulation to company stocks, stay informed on the latest in the world of data center business.

Highlights

Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom

May 14, 2021

Once they received the payment, the hackers provided the operator with a decrypting tool to restore its disabled computer network.

Overnight Crypto Sensation Internet Computer Sets Out to Undo Internet’s Failings

May 13, 2021

It wants to allow developers to launch their software directly to its network that it claims can’t be controlled...

VMware Names Company Veteran Raghu Raghuram Its Next CEO

May 12, 2021

Sanjay Poonen, who was reportedly vying for the job, is leaving the company.

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Cologix CEO Bill Fathers on the Pandemic, the Colocation Market, and Strategy

May 12, 2021

The Data Center Podcast: After a nervous pause at the start of the pandemic, the major North American data center provider’s business skyrocketed.

Starboard Puts Forth Box Board Slate Saying Promises Unkept

May 10, 2021

The hedge fund says Box hasn't narrowed its valuation gap relative to peers as it said it would two years ago.

IBM Downgraded by S&P as Deal Spree Clouds Ability to Cut Debt

May 06, 2021

The credit rater expects IBM to pursue additional takeovers to bolster its hybrid cloud and artificial intelligence capabilities.

Switch to Acquire Texas Data Center Operator Data Foundry for $420M

May 03, 2021

Colocation sites in Houston and Austin will give Switch its first footprint in the strategically important Central US region.

Francisco Partners, TPG Agree to Buy Dell’s Boomi for $4 Billion

May 03, 2021

The deal follows last year's RSA spinoff and last month's decision to spin off Dell's stake in VMware.

People walk past the Nokia booth during the Mobile World Congress in Shanghai on February 23, 2021.

Nokia CEO Says ‘Fight’ for Semiconductors May Drag On Until 2023

Apr 29, 2021

“This is not going to go away anytime soon.” The global shortage of semiconductors is plaguing automakers, data center owners...