Business Cloud News

EMC Dell in reported rush to go public with Pivotal in early 2016

Dell office logo

Software company Pivotal could be subject to an initial public offering (IPO) in early 2016, according to web site Recode, which claims to quote sources at parent company EMC involved in planning the launch.

Software-defined storage vendor Scality nabs $45m to prep for IPO

Scality has secured $45m in its latest funding round and plans to go public in 2017

Software-defined storage expert Scality has secured $45m in a funding round led by Menlo Ventures, which the company said will be used to fuel its North American and international expansion.

Box files IPO on the long road to profitability

Box chief executive officer and founder Aaron Levie

Enterprise file sharing and collaboration company Box announced Monday night it has officially unwrapped its plans to go public, seeking over $250m in an IPO that will help the company grow amidst a sea of competitors.

Dropbox seeks funding as Box readies IPO

Cloud storage is one of the most competitive sectors within the cloud services market. But these services still face challenges in the enterprise.

Cloud-based backup and storage service provider Dropbox is said to be in the process of raising a new round of funds, with sources close to the matter suggesting the company is valuing itself at over $8bn, according to the Wall Street Journal. The news arrives as one of the company’s main competitors, Box, readies its IPO for early next year, a move that may see the cloud storage wars heat up significantly in 2014.