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Five Minute Briefing - Information Management
March 18, 2014

Five Minute Briefing - Information Management: March 18, 2014. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.

News Flashes

You have until April 11 to take advantage of special pricing for DBTA's Data Summit, which will take place at the New York Hilton Midtown, from May 12 to May 14. Providing an intensive 2-day immersion into critical technologies for becoming a data-driven enterprise, IT practitioners and business stakeholders alike will benefit from Data Summit.

Cloudera has closed on a new round of funding for $160 million which will be used to further drive the enterprise adoption of and innovation in Hadoop and promote the enterprise data hub (EDH) market; support geographic expansion into Europe and Asia; expand its services and support capabilities; and scale the field and engineering organizations. The funding round was led by T. Rowe Price, and included an investment by Google Ventures and an affiliate of MSD Capital, L.P., the private investment firm for Michael S. Dell and his family.

Oracle announced that fiscal 2014 Q3 total revenues were up 4% to $9.3 billion. In constant currency, Oracle's Cloud Software subscriptions revenues grew 25% and its Engineered Systems revenue grew more than 30% in the quarter, said Oracle president and CFO Safra Catz in a statement released by the company.