cloud computing

A disruptive cloud manufacturing and supply chain company announced plans to go public Monday.  The SPAC Deal: Fast Radius announced a SPAC merger with ECP Environmental Growth Opportunities Corp (NASDAQ: ENNV). The deal values the company at a post-transaction equity value of $1.4 billion. A...

Zoom Video Communications Inc (NASDAQ: ZM) said on Sunday it is buying cloud-based contact center software provider Five9 Inc (NASDAQ: FIVN) for $14.7 billion in an all-stock deal that will help it boost its presence beyond video chat. What Happened: Zoom’s first mega-billion acquisition...

AT&T Inc (NYSE: T) will migrate its 5G mobile network to the Microsoft Corp (NASDAQ: MSFT) cloud. Microsoft's Azure technologies will manage AT&T's mobile network traffic under the arrangement. The companies will start with AT&T's 5G core, the...

Amazon.com Inc (NASDAQ: AMZN) maintained its dominant position last year in the cloud infrastructure market that is worth billions, even as its share shrunk in the category that is growing fast, according to research firm Gartner. What happened: In 2020, Amazon held a market share of about 41...

Microsoft Corp (NASDAQ: MSFT) plans to add four new data centers in China by early 2022, Bloomberg reported on Friday. What Happened: The tech giant aims to expand its service capacity in China, which is among the fastest in the region, the report noted.  The Satya Nadella-led company...

TikTok's parent ByteDance is expanding into a non-core area that may benefit the company significantly in the long run. What Happened:  ByteDance's Volcano Engine division is set to roll out its Cloud computing service in the September-October timeframe, the CnTechPost reported,...

Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) is investing $1 billion aimed at supporting local talent and start-ups to expand its cloud computing arm Alibaba Cloud in Southeast Asia amid rising competition, as reported by South China Morning Post. What Happened: Project AsiaForward,...

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google is migrating parts of its YouTube video service from the company’s internal data center infrastructure to the company’s cloud service, joining the likes of Amazon.com Inc (NASDAQ: AMZN) and Microsoft Corp (...

The Israel government has signed over $1 billion public sector and military cloud service deal with Amazon.com Inc's (NASDAQ: AMZN) Amazon Web Services (AWS) and Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, Reuters reports. Last month, AWS...

Accenture PLC (NYSE: ACN) announced its intent to acquire French cloud services provider, Linkbynet, focused on cloud optimization, managed services, cloud transformation, and cloud security. The financial terms of the transaction were not disclosed. The acquisition would be...

Paysafe Ltd (NYSE: PSFE) inked a global multi-year agreement with Amazon.Com Inc (NASDAQ: AMZN) Amazon Web Services (AWS) to become a fully cloud-based payments provider. Paysafe is migrating its workload portfolio, including eCash solutions, Paysafecard and...

Pete Najarian expects Microsoft Corp (NASDAQ: MSFT) to continue to show growth in its cloud computing service Azure. Speaking Tuesday on CNBC's "Fast Money: Halftime Report," Najarian said he expects Microsoft to report another strong quarter as the company continues to grow into its...

Software company Autodesk Inc (NASDAQ: ADSK) inked an agreement to acquire instant-on, cloud-based product lifecycle management (PLM) and product data management (PDM) solutions provider, Upchain. The acquisition increased Autodesk’s association across the...

Accenture PLC (NYSE: ACN) has acquired Durham, North Carolina’s cloud analytics services firm, Core Compete. The financial terms of the transaction were not disclosed. Core Compete has additional offices in the UK and India. Core Compete aided in the digital...

Integrated software and technology services provider Tyler Technologies Inc (NYSE: TYL) has acquired ReadySub, a cloud-based platform that aided school districts with nonattendance tracking, substitute teacher assignments, and automating vital payroll processes. The...