☰
The listed American software company, VMware has reportedly announced its intention to acquire Octarine, an early stage Kubernetes security startup. As per sources familiar with the knowledge of the matter, VMware plans to merge this prospective acquisition with one of its subsidiaries Carbon Black, which it acquired back in October 2019 for $2.1 billion.
In a statement released by the company, VMware says that it expects this merger to enhance its capabilities towards becoming a major security provider. For the uninitiated, Octarine was founded in 2017 and according to reliable sources, has raised approximately $9 million.
According to experts, this acquisition by VMware seems in line with its previous purchase of Heptio, a Kubernetes startup by former Google employees Craig McLuckie and Joe Baeda. Octarine released several open-source tools in 2019, to help companies define the Kubernetes security parameters. During the same time, Julien Sobrier, the Head of Product at Octarine labeled Kubernetes as a flexible platform that gives a lot of power to developers and helps understand security settings better.
Shemer Schwarz, the CEO at Octarine has reportedly been quoted to state VMware as an ideal home for Octarine and has lauded its commitment to intrinsic security and cloud computing on account of its product announcements.
Patrick Morley, the Senior Vice President and General Manager for VMware Carbon Black expressed that this move is a big step in the right direction for the company to improve its security offerings and acknowledged that integrating Octarine into its Tanzu platform will help Carbon Black strengthen its intrinsic security strategy.
As per reliable sources, the financial terms of the transaction have not been revealed yet.
Source Credits: https://techcrunch.com/2020/05/13/vmware-to-acquire-kubernetes-security-startup-octarine-and-fold-it-into-carbon-black/
America’s technology giant Apple reportedly announced that it will soon launch "Personal Voice" with a new set of accessibility features. This will allow iPhone and iPad users to make their devices speak in their own voice, allowing u...
According to reliable sources, the upcoming United Nations Climate Change Conference, to be held in November 2023, will be the flagbearer for conducting a meeting of the global health ministers discussing the consequences of climate crisis on public ...
As per the reports, South Korean automaker Kia Corp., along with its parent Hyundai Motor Company, are anticipated to outperform Toyota Motor Corp. in the Q1 earnings for the first time ever. The combined operating profits for Hyundai & Kia wa...
Silicon Valley tech giant, Meta Platforms Inc., formerly known as Facebook, is reportedly cutting another 4,000 jobs this week in another round of mass layoffs. The latest job cuts are a part of the 10,000 layoffs announced in March. The company i...
Stoke Space, a space launch company, has reportedly introduced a new software tool designed to allow hardware companies to monitor the design, assessment, and integration of complex parts. Dubbed Fusion, the tool is set to target one of the most cruc...
© 2023 aeresearch.net. All Rights Reserved.
