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Tag Archives: dna

Micro Focus sells Suse for $2.5B

Suse , one of the longest-running commercial Linux distributors and, these days, a major player in the open-source infrastructure and management space, has been through a few ownership changes in recent years. Micro Focus acquired Suse from The Attachmate Group back in 2014, which itself had acquired Novell, the then-owner of Suse, in 2010. Today, Micro Focus announced  that Suse is changing owners yet again, as private equity firm and venture capital fund EQT is acquiring Suse. While the exact terms of the deal where not disclosed, EQT says the deal valued Suse at $2.535 billion. Unlike other companies that have gone through this number of ownership changes, Suse has emerged stronger. What was once a solid Linux distribution for the enterprise is now a player in various open-source fields, with a focus on software-defined infrastructure and application delivery solutions, as well as other managed cloud services. The company currently has 1,400 employees and in 2017 it had sales of $320 million. While the company managed to thrive under the Micro Focus umbrella, Micro Focus itself has hit some rough patches. Its last earnings report was a major disappointment , not in the least because the assets that it acquired from Hewlett Packard Enterprise for $8.8 billion in 2016 failed to move the needle. It’s maybe no surprise then that Micro Focus decided to sell off Suse in an effort to refocus its business. It’s worth noting that EQT makes for an interesting acquirer. The firm’s current portfolio includes a range of technology companies, though you probably haven’t heard of any of them, as well as a motley assortment of consumer goods businesses, real estate groups and healthcare services, with a few energy companies thrown into the mix

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Diana Instant Square ​is World’s First Instax Camera with Interchangeable Lenses

The Diana Instant Square is the world’s first Instax camera with interchangeable lenses and a hot-shoe mount. It's compatible with all of the interchangeable lenses already produced for the Diana F+ — a 110mm telephoto lens, 75 mm glass lens, 20 mm fisheye lens, 38 mm super-wide-angle lens, and a 55 mm wide-angle lens which comes with a close-up attachment. The Diana Instant Square will launch on Kickstarter on 20th June 2018. For the first 24 hours, you’ll be able to save a huge 35% off the final retail price — that means that you can pick up this brand new camera for just 65 USD!

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Using tech and $100M, Dr Consulta transforms healthcare for the poorest

Healthcare delivery is an incredibly complex topic, but one that has a simple truth: health security is key to living a good life, and, ultimately, for developing a strong economy. Unfortunately, billions worldwide suffer from lack of access to even the most basic of medical diagnostics and treatments , since doctors often aren’t available and the costs when they are can be exorbitant. That’s the world that Thomaz Srougi grew up with in his native Brazil. Brazil has made health security a major priority, offering comprehensive and free medical coverage to every citizen, a right enshrined in its constitution . That simple right though is riven with challenges , from a lack of public funding, to long queues for services, to geographic disparities between urban cores and rural areas. Those with the means use private medical services, but those costs are far outside the reach of the majority of Brazil’s inhabitants. The country may have made a commitment in words, but it has in many ways failed to fulfill that commitment with actions. Srougi wanted to bridge that gap. He had medicine in his DNA: his father was a urologist , and so saw first hand the challenges of the public health system. He spent years as an investment banker and financier, and also netted two masters degrees from the University of Chicago in business and public policy.

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A conversation with Sarah Cannon and Mark Goldberg, Index Ventures’ new partners

Index Ventures — a firm with investments in companies like recent IPO Dropbox, a series of successful gaming companies like King, and others including Slack and coming IPO Zuora — has seen a lot of moves in the past few months. There was the  departure of partner Ilya Fushman earlier this year, but the firm also brought on Sarah Cannon from CapitalG as one of their recent big hires. Index has also promoted former Dropboxer Mark Goldberg to partner. Prior to joining Index, Cannon led investments in companies like Looker, MultiPlan, Oscar and Care.com. Cannon will primarily be focusing on growth stage, and is also now a board observer for Slack. Goldberg has been at the firm for around three years and worked on deals like Nova Credit and CoverWallet. We sat down with the two new partners to discuss some of their plans, as well as some broader parts of the venture ecosystem. Here’s the interview, which has been lightly edited for clarity. TC: What does the investment committee decision process look like these days? Mark Goldberg : In the last stage, we have a partner presentation, where the entrepreneur presents and we debrief. Then it’s a vote at the partner level.

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Rental property site Spotahome raises $40M led by Kleiner Perkins; founded in 2014, Spotahome has about 50K properties listed in 33 European cities…

Jeremy Kahn / Bloomberg : Rental property site Spotahome raises $40M led by Kleiner Perkins; founded in 2014, Spotahome has about 50K properties listed in 33 European cities   —  - Silicon Valley VC Kleiner Perkins leads funding for startup  — Company offers software for landlords as well as home listings

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Rental property site Spotahome raises $40M Series B led by Kleiner Perkins; founded in 2014, Spotahome has about 50K properties listed in 33 European…

Jeremy Kahn / Bloomberg : Rental property site Spotahome raises $40M Series B led by Kleiner Perkins; founded in 2014, Spotahome has about 50K properties listed in 33 European cities   —  - Silicon Valley VC Kleiner Perkins leads funding for startup  — Company offers software for landlords as well as home listings

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Source: Uber plans to spend up to $500M on a global marketing campaign this year, as part of an effort to repair the company’s image after last year’s…

Priya Anand / The Information : Source: Uber plans to spend up to $500M on a global marketing campaign this year, as part of an effort to repair the company's image after last year's scandals   —  Uber plans to spend up to $500 million on a global marketing effort this year, according to a person familiar with the matter.

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Uber says it will roll out its on-demand electric bicycle service to Europe, starting in Berlin before the end of the summer (Natalia…

Natalia Drozdiak / Bloomberg : Uber says it will roll out its on-demand electric bicycle service to Europe, starting in Berlin before the end of the summer   —  - Berlin to be first city in which bikes can be borrowed  —  Uber Technologies Inc. announced it would roll out its on-demand electric-bicycle service to Europe …

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Trans YouTuber Chase Ross says YouTube regularly demonetizes his LGBT videos and has run anti-LGBT ads on some; YouTube says sometimes its systems get…

Megan Farokhmanesh / The Verge : Trans YouTuber Chase Ross says YouTube regularly demonetizes his LGBT videos and has run anti-LGBT ads on some; YouTube says sometimes its systems get it wrong   —  YouTube denies that the use of the words ‘trans’ or ‘transgender’ triggered instant demonetization  —  YouTube's track record with LGBT creators isn't great.

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Microsoft announces Windows Collaboration Displays platform for Surface Hub-like displays and Windows 10 IoT Core Services with promised updates for…

Kyle Wiggers / VentureBeat : Microsoft announces Windows Collaboration Displays platform for Surface Hub-like displays and Windows 10 IoT Core Services with promised updates for next decade   —  At Computex 2018 in Taipei, Microsoft announced new Internet of Things (IoT) services and enterprise hardware during a keynote address.

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