Salesforce buys Slack for $27.7 billion in cloud company’s largest deal

Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.

Kim Kulish | Corbis News | Getty Images

Salesforce is making the biggest acquisition in its 21-year history. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion.

Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and .0776 shares of Salesforce, according to a statement. That comes to about $45.86 a share. Prior to initial reports of a deal last week, which led to a 38% pop in Slack’s shares, the stock was trading at under $30.

The purchase marks one of the largest ever for the software industry. The biggest was IBM’s $34 billion purchase of Red Hat in 2018, followed by Microsoft’s $27 billion acquisition of LinkedIn in 2016. Last year, the London Stock Exchange agreed to buy data provider Refinitiv for $27

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Amazon debuts Trainium, a custom chip for machine learning training in the cloud

Amazon today debuted AWS Trainium, a chip custom-designed to deliver what the company describes as cost-effective machine learning model training in the cloud. It comes ahead of the availability of new Habana Gaudi-based Amazon Elastic Compute Cloud (EC2) instances built specifically for machine learning training, powered by Intel’s new Habana Gaudi processors.

“We know that we want to keep pushing the price performance on machine learning training, so we’re going to have to invest in our own chips,” AWS CEO Andy Jassy said during a keynote address at Amazon’s re:Invent conference this morning. “You have an unmatched array of instances in AWS, coupled with innovation in chips.”

Amazon AWS Tranium

Amazon claims that Trainium will offer the most teraflops of any machine learning instance in the cloud, where a teraflop translates to a chip being able to process one trillion calculations a second. (Amazon is quoting 30% higher throughput and 45% lower cost-per-inference

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AWS CEO Andy Jassy explains huge bets in hybrid cloud

  • Amazon Web Services CEO Andy Jassy used his keynote at the AWS re:Invent conference on Tuesday to announce the introduction of several new products and services for the hybrid cloud market.
  • Hybrid cloud is a model that connects public cloud platforms like AWS with a customer’s own servers and data centers. 
  • Notably, Amazon Web Services spent years ignoring — and sometimes trashing — hybrid cloud computing, even as rivals like Microsoft, IBM, and Google have invested heavily in the technology. Jassy now slams those efforts as having “never lived up to the hype.”
  • At re:Invent this year, AWS announced smaller sizes of its Outposts devices, which allows customers to host the company’s cloud services from their own data centers.
  • It also announced that it would allow customers to host from their own servers Amazon Elastic Container Service and Elastic Kubernetes Service, developer tools that help manage cloud infrastructure.
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Amazon’s Andy Jassy talks up AWS Outposts, Wavelength as the right edge for hybrid cloud

At the end of a three-hour keynote address for Amazon’s annual re:Invent conference, which is taking place virtually this year, Amazon Web Services chief executive Andy Jassy wrapped up with an extended discussion about edge computing and its role in hybrid computing.

“Hybrid is not just about whether its on-premise or in the cloud,” said Jassy. Instead, IT needs “the same APIs, the same control plane, the same tools, the same hardware they get in AWS regions,” said Jassy. He was referring to Amazon’s AWS Outposts, a rack of equipment deployed at a customer facility that is a fully-managed service from Amazon. 

Jassy said Amazon has made the Outposts offering easier to purchase now with new form factors, 1U and 2U rack units, versus an entire rack-size deployment.

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“Hybrid is not just about whether its on-premise or in the cloud,” said AWS lead executive Andy Jassy in his keynote Tuesday,

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Amazon Web Services Bolsters Bet on Local Cloud, Homegrown Chips

(Bloomberg) — Amazon.com Inc.’s cloud computing division is adding products that help customers maintain local control of their data, a bet that could help it fend off rivals Microsoft Corp. and Alphabet Inc.’s Google.



a stack of flyers on a table: The logo for Amazon Web Services on a smartphone.


© Bloomberg
The logo for Amazon Web Services on a smartphone.

Amazon Web Services has a wide lead in selling on-demand software services, a business built on the economies of scale provided by vast server farms in data centers. Last year, the company went small, for the first time selling services for customers’ own data centers. The move acknowledged demand from customers requiring faster processing and the need to meet regulatory requirements by storing information inside their own walls.

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AWS bolstered that bet on Tuesday, kicking off its annual customer conference with two new variants of Outposts, the server rack product it started selling a year ago. While prior versions required customers to buy

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Zoom’s surging free user base dents margins as cloud costs rise

(Reuters) — Zoom warned on Monday its gross margins would remain under pressure going into 2021 as the surging number of free users of its video conferencing service makes it hard to offset a spike in costs to maintain its growth.

Shares of the company, which have risen about sevenfold this year fueled by the meteoric rise in demand in video conferencing for work, school or socializing due to the COVID-19 pandemic, fell 5% after the bell, despite upbeat fourth-quarter forecasts.

Zoom operates some of its own data centers, but it also relies on cloud computing services from outside vendors such as Amazon.com and Oracle, meaning it must bear costs for free users.

Those bills, driven in part by a jump in free users in the third quarter as millions of students and teachers started new school semesters, pushed down Zoom’s gross profit margins to 66.7%, below analysts’

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Amazon Web Services to offer macOS on-demand in the cloud, in new appeal to Apple developers

Amazon Web Services will provide software developers with access to macOS on-demand in the cloud for the first time, promising to speed up the process and reduce the cost of making software for Apple’s computers and devices.



graphical user interface: Dave Brown, Amazon EC2 vice president, announces the new Mac Instances on Monday night.


© Provided by Geekwire
Dave Brown, Amazon EC2 vice president, announces the new Mac Instances on Monday night.

Announced on the eve of the AWS re:invent conference Monday night, Amazon EC2 Mac Instances represent an unexpected expansion beyond Linux and Windows for AWS. Amazon says it was motivated by a desire to meet the needs of the community of more than 28 million developers who offer apps through the Apple App Store.

“Until now, development of these apps for the Apple platform was not possible within the AWS cloud,” said Dave Brown, AWC EC2 vice president, during the event. “Many of our customers had to manage their own fleet of Macs for their

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Cyber Monday Specials: Save hundreds on these lifetime cloud storage deals

With all the data and media you juggle on a regular basis, it doesn’t make sense to store everything on your computer, or even a physical hard drive. Physical items break, and when they do, there’s very little you can do to salvage all your data. When it comes to digital files, the rule of thumb is to back them up using cloud storage services to ensure that they will remain intact should anything happen to your devices.

Cloud storage services by big names like iCloud and Dropbox cost a pretty penny, but luckily, there are alternatives that are just as great and won’t put a hole in your pocket. Here are four options, and they’re all on sale for an extra 40% off. 

Degoo Premium: Lifetime 10TB Backup Plan

Offering a whopping 10TB of supremely secured backup space, Degoo is one of the most generous storage services in the

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Cloud and AI: The biggest trends in personal and SMB video surveillance

Presented by SpotCam


The global pandemic has put a spotlight on personal safety and security, so it’s unsurprising that the video surveillance market is surging as well. Globally, it hit $45.5 billion this year, while AI technology, which is being integrated into video surveillance products at every price point, will hit $100 billion by the year 2025.

Both consumers and small- and medium-size businesses are increasingly looking for solutions to manage the safety and security of homes, businesses and assets. More importantly, they’re in search of solutions that incorporate sophisticated new video analytics, AI and cloud-based storage technology. Manufacturers are racing to meet the demand, according to a report by IFSEC Global. This trend will grow as the impact of the global pandemic continues to make itself felt for both employees working alone at home and the companies with empty offices.

The growth of AI-powered surveillance

Video surveillance system capabilities

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North America Browser Isolation Software Markets 2020: Cloud Segment to Dominate the Market

Dublin, Nov. 27, 2020 (GLOBE NEWSWIRE) — The “North America Browser Isolation Software Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Deployment Type, Enterprise Size, and End-Use Industry” report has been added to ResearchAndMarkets.com’s offering.

Cloud Segment to Dominate North America Browser Isolation Software Market during 2019-2027

North America Browser Isolation Software Market is expected to reach US$2,675.3 million by 2027 from US$792.4 million in 2019 and is estimated to grow at a CAGR of 17.2% from 2020 to 2027.

The report provides trends prevailing in the North America browser isolation software market along with the drivers and restraints pertaining to the market growth. Investments in cyber-security technology witnessed growth is the major factor driving the growth of the North America browser isolation software market. However, issues associated with developing countries having limited awareness hinders the growth of North America browser isolation software market.

The North America

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