Markets News 

SAP’s top dealmaker explains the German software giant’s strategy behind its $8 billion Qualtrics acquisition and where it’s looking in 2019

“So I think the public market themselves really help to push some of the valuation” writes Becky Peterson for businessinsider.com. Arlen Shenkman, executive vice president of global business development and ecosystems at SAP LinkedIn Peterson: Qualtrics was supposed to go public this week.Shenkman: We certainly didn’t have a strategy of waiting for the IPO. I had met Ryan probably 6 to 7 months ago. Source: businessinsider.com Share This:

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News Platforms 

Oracle’s loss, Google’s gain: Thomas Kurian joins as head of Google’s cloud business

“Under Greene, Google set up a single cloud platform where they had integrated sales, marketing, Google Cloud Platform (GCP), and Google Apps/G Suite” reports yourstory.com. On Friday, Google announced that former Oracle executive Thomas Kurian will head its cloud business.On the transition, she added, “Thomas Kurian, a respected technologist and executive, will be joining Google Cloud on November 26th and transitioning into the Google Cloud leadership role in early 2019.In her blog, Greene noted the long way Google’s cloud business has come. “The Google Cloud team has accomplished amazing things…

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Oracle veteran Thomas Kurian to replace Diane Greene as Google Cloud CEO

“Google also bowed out from bidding for a $10 billion military cloud computing contract, citing its lack of certifications to handle sensitive data” writes Paresh Dave for reuters.com. SAN FRANCISCO (Reuters) – Former Oracle Corp product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc’s Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business. Source: reuters.com Share This:

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Diane Greene steps down as Google’s cloud chief

“Thought bubble: Greene brought tons of industry credibility at a time when Google needed to establish itself as a cloud player, but much work remains as Google continues to battle Amazon and Microsoft” reports axios.com. The context: As the founder and CEO of VMware, Greene brought a keen understanding of both businesses’ IT needs as well as how the cloud shift was changing the face of corporate computing. Source: axios.com Share This:

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Google Cloud head Diane Greene to leave, be replaced by former Oracle exec

“GOOGL, -0.82% GOOG, -0.80% is replacing its top Google Cloud executive with a former Oracle Corp” writes Jeremy C for marketwatch.com. ORCL, +1.04% executive, the company announced Friday.She will be replaced by Thomas Kurian, who mysteriously left Oracle at the end of September after the software company had claimed he was on a leave of absence. Source: marketwatch.com Share This:

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Salesforce makes undisclosed “strategic investment” in Docker, companies will cross-sell MuleSoft and Docker Enterprise

“Salesforce acquired MuleSoft for $6.5 billion last year in order to bolster its hybrid cloud story with software developers” writes Tom Krazit for geekwire.com. Salesforce’s investment is also an interesting hedge on the increased rate of cloud consolidation over the last few months.Docker representatives refused to comment on the size of the investment, scheduled to be announced Thursday morning, but confirmed it was part of a “strategic investment” as an extension to Docker’s Series E round originally opened last year. Source: geekwire.com Share This:

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Crypto News 

Emerging Cloud Server Cryptocurrency Mining…

“The cloud mining service offers a fresh alternative to traditional means of cryptocurrency mining” writes Live Bitcoin News for livebitcoinnews.com. Splitt cloud mining requires no specialized hardware as it utilizes shared processing power from data centres.Recently launched cloud server cryptocurrency mining service, Splitt is now making the heads turn in the global crypto community.All Splitt users also have the opportunity to boost their mining contracts every week by winning Splitt Points.This is considered to be the latest breakthrough in crypto mining because it is faster compared to the traditional GPU…

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An investor at a $1 trillion asset manager identifies a ‘powerful challenge’ to passive investing over the next 5 years

“Giroux – who works in active investing – says secular risk will be a “powerful challenge to passive investing over the next 5-10 years.”” writes Meghan Morris for businessinsider.com. Companies facing secular risk can suffer from a slower growth rate, margin compression, and multiple compression, Giroux said.That’s up from 20% just two years ago and a leap from a decade ago when secular risk was “rarely discussed,” Giroux, chief investment officer of equity and multi-asset at the $1 trillion asset manager, said.Passive investors’ capital sits in funds tied to indices,…

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Markets News Oil 

‘Multiple and intertwined risks’ cloud outlook for the Middle East and its neighbors, IMF says 

“The Fund’s latest regional economic outlook for the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, published Tuesday, warns that “multiple and intertwined risks cloud the outlook of the MENAP region.”” writes unknown author for cnbc.com. Oil producing countries in the Middle East have traditionally relied on oil exports as their source of government revenue.Major oil producing countries in the Middle East and its neighbors might benefit from higher crude prices in 2019, according to the latest outlook from International Monetary Fund (IMF), but there are numerous uncertainties in…

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Amazon and Microsoft are fighting for a $10 billion Pentagon contract — and HQ2 in Virginia could be Jeff Bezos’ boss move

“Either way, cloud investors should keep an eye on the JEDI deal” writes Finanzen Net Gmbh for businessinsider.com. “It would have a significant ripple effect for cloud,” Ives said.This is the biggest government cloud deal ever, but winning JEDI has a domino effect.And the implications go beyond the deal itself — it could completely transform the cloud industry, especially if Microsoft wins.”Many investors have underappreciated the ripple effect of whoever gets JEDI,” Ives said. Source: businessinsider.com Share This:

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