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Cloud Leaders Shrug at IBM’s $34B Red Hat Deal

Xconomy

In some ways, the biggest software acquisition of all time could be a yawner. IBM’s planned $34 billion deal to acquire open-source software maker Red Hat is a hefty price to pay to give its cloud computing business a shot in the arm.

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Rackspace Acquires RelationEdge, Adding to IT Customer Management

Xconomy

San Antonio —Cloud computing giant Rackspace has acquired a company that helps other businesses implement and use the Salesforce software. The deal expands Rackspace’s focus on helping companies use software and computing services, including those of previous competitors.

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ResMed To Add To Software Offerings With $750M MatrixCare Acquisition

Xconomy

San Diego’s ResMed (NYSE: ticker[[RMD]]) announced its intention to buy the privately held tech company on Monday. Medical device maker ResMed has agreed to acquire Minnesota-based MatrixCare, which makes software for long-term care providers, for $750 million.

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Microsoft Venture Fund Aims to Harness Early Stage Innovation

Xconomy

The name of the fund—which will back startups focused on cloud computing, machine learning, and security, with an emphasis on technology that complements Microsoft’s own products and services—is Microsoft Ventures. And at the other end is where you’ll typically see our larger investments and acquisitions,” Kashyap writes.

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From Alnylam to Zayner: Xconomy’s Top Innovation Stories of 2018

Xconomy

It was a year of big exits—both IPOs and acquisitions—for tech and life sciences companies. 2018 was a year of ups and downs for the business and technology community. Venture funding remained strong, but more money went to fewer (and later-stage) companies overall.

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Dell Technologies Goes Public About $100M Venture Capital Arm

Xconomy

Dell Technologies Capital “pursues new and emerging technologies aggressively,” operating with about $100 million annually in venture funding and $2 billion annually for mergers and acquisitions, according to Darling’s. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Medallia Acquires Hospitality Software Startup Zingle for $42M

Xconomy

Zingle, a startup whose software is used by hospitality, travel, and retail industries to more easily and quickly connect with their customers via messaging, has been acquired for about $42 million in cash by Medallia, a publicly traded software company in San Francisco.