Five Minute Briefing - Information Management
March 29, 2019
Five Minute Briefing - Information Management: March 29, 2019. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
Carbonite, Inc., a cloud-based data protection provider, is acquiring of Webroot Inc., combining cloud-based backup and recovery with cloud-based cybersecurity. The total purchase price for Webroot was $618.5 million in cash, as adjusted with respect to cash, debt, transaction expenses and working capital. The purchase price was funded with existing cash on hand and funds secured under a new $550 million term loan. The interest rate on the term loan is a floating rate based upon LIBOR plus 3.75%.
Neo4j's Startup Program now provides free access to Neo4j Enterprise Edition for startups with up to 50 employees and $3 million in annual revenue. In addition, the program now provides access to Neo4j Bloom for graph exploration and data visualization, enabling startups to share their work more widely with executives, investors, and development teams.
Pepperdata, a provider of big data Application Performance Management (APM) solutions, is partnering with Cloudwick, a provider of digital business services and solutions, to offer a platform migrating big data to Amazon Web Services (AWS).Pepperdata provides Cloudwick with a baseline of on-premises performance, maps workloads to optimal static and on-demand instances, diagnoses any issues that arise during migration, and assesses performance after the move to ensure the same or better performance and SLAs.