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SaaS security firm Elastica exits stealth mode, announces funding

Elastica is the latest SaaS security firm to double down on expansion. Recent notables include Adallom and Bitglass.

Elastica, a cloud security firm founded in 2012 to solve an increasingly acute headache for enterprise SaaS and BYOD adopters, has existed stealth mode this morning and announced that it has secured $6.3m in venture funding from Mayfield Fund. The company said it will use the cash to take its CloudSOC (security operations centres) offering to ‘elastic enterprises’ everywhere.

SaaS security startup Adallom secures $15m in new funding

Adallom secured $15m in a new round of investment led by Index Ventures.

Adallom, a software as a service security specialist announced Tuesday that it has raised $15m in a new round of funding led by Index Ventures. The company said it will use the money to double down on development and sales efforts.

WeDo to offer roaming and rating solutions through PT cloud

Portugal Telecom opened a 50,000 server datacenter in September

Portuguese business assurance specialist WeDo Technologies has announced a partnership with incumbent operator Portugal Telecom (PT) that will see the firm’s rating validation and roaming management solutions offered on a SaaS model as part of PT’s new enterprise cloud offering, SmartCloudPT.

Global IT market tightening its belt, says IDC

Worldwide IT Spend 2013_IDC

The research and analyst firm originally forecast growth to be in the area of 4.9 per cent, but revised its figures down to account for the perceived impact of the economic downturn in China and sluggish recovery in other parts of the world. Nevertheless, core IT spending is looking to rise above the $2 trillion mark for the first time.

Telstra to pump £500m+ into cloud services

Telstra has announced a £500m+ (AU$800m) investment in cloud computing over the next five years to support what it says is a growing demand from Australian organisations for cloud services. The telco is rumoured to have invested AU$200m in cloud to date and this latest announcement will kick-off the construction of a new data centre, the modernisation of existing facilities, increased automation of utility computing services and the expansion of the telco’s range of enterprise applications, among other things. Construction of a new data centre in Melbourne is already underway.

Multinationals trust telcos with the cloud

As uptake of cloud computing services by multinational corporations takes off, Ovum research indicates that the credibility of telcos as trusted providers in the space has increased significantly in the past year.

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