Saturday April 27, 2024

ProspX Raises $8 Million For Social Software For The Insurance Industry

ProspX, developer of an on-demand search and sales collaboration platform for the commercial insurance industry, has scored $8 million round in Series B funding in a round led by Adams Capital Management and joined by HPI Real Estate Services and Investments. ProspX has now raised a total of $14.5 million. ProspX develops a SaaS platform […]

Prediction for CIOs and IT Focus

An internationally known research firm has has issued IT predictions for the future: Critical infrastructure will be disrupted and damaged by online sabotage. New revenue generated each year by IT will determine the annual compensation of most CIOs. Information-smart businesses will increase recognized IT spending per head by 60 percent. Tools and automation will eliminate […]

Scality Raises $7 Million For Enterprise Cloud Storage System

Fresh off the heels of Box.net raising $48 million, cloud storage startup Scality is set to announce next week that they’ve raised $7 million in Series B funding. The round was led by IdInvest Partners (formerly AGF Private Equity), with previous backers CAPE, Galileo and Scality CEO Jerome Lecat chipping in. Tweet This Post

Goldman Sachs Pumps A Whopping $70M Into Virtualization Company AppSense

AppSense, which specializes in what it calls ‘user virtualization’ solutions, has raised $70 million in its very first round of funding. Interestingly, the entire investment comes from one backer, Goldman Sachs, whose managing director Pete Perrone will be joining the company’s board of directors. AppSense says it will use the funds to “capitalize on its […]

Many IT Pros Do Not Understand Security Risks and Costs

InfoWorld – A broad spectrum of IT people, including those close to security functions, appear to have little awareness of key security issues impacting their organizations, a new survey shows. The survey, which polled 430 members of the Oracle Application Users Group (OAUG) conducted by Unisphere Research and sponsored by Application Security Inc. included directors […]

Cloud platforms give users varying degrees of control

Different models of cloud computing have various ways of exposing their underlying infrastructure to the user. This influences the degree of direct control over the management of the computing infrastructure and the distribution of responsibilities for managing its security. Software as a Service (SaaS) model – most of the responsibility for security management lies with […]