TOP NEWS

Avnet Sells Technology Solutions Unit To Tech Data For $2.6 Billion

Phoenix-based Avnet announced this morning that it has completed the sale of its Technology Solutions busines unit to Tech Data. The deal was worth $2.4 billion in cash and approximately $245M in shares of Tech Data common stock. Avnet said it is now solely focused on electronic components and integrated and embedded solutions. The two companies had originally announced the deal in September of 2016. William Amelio is CEO of Avnet....Continue →


DigitalGlobe Acquired By MDA In $3.6 Billion Deal

Westminster, Colorado-based DigitalGlobe is being acquired by MacDonald, Dettwiler and Associates Ltd. (MDA), a provider of communications and technology to the commercial and government market, in a deal with an enterprise value of $3.6 billion, the two said last last week. MDA said it will pay $35.00 per share in a combination of cash and stock for DigitalGlobe, which gives DigitalGlobe an enterprise value of $3.6 billion including assumption of $1....Continue →


Cherwell Software Snags $50M

Colorado Springs-based Cherwell Software announced this morning that it has raised $50M in a funding round, from private equity investor KKR. The investment came from KKR's Next Generation Technology Fund. The company said that KKR is joining existing investorInsight Venture Partners in investing in the company. Cherwell is a provider of it service management (ITSM) software, and is led by CEO Craig Harper. As part of the funding, Vini Letteri of KKR joins Cherwell's board of managers....Continue →


Domo Wins T-Mobile Retailer

American Fork, Utah-based collaboration software developer Domo said this week that it has added T-Mobile USA retailer Express Locations as a customer. According to Domo, Express Location is using its Domo Business Cloud and its integrated collaboration feature Buzz as part of an effort to improve sales performance at the company, across its 140 retail stores and a workforce of more than 1,300 employees. Financial impact of the customer win was not announced....Continue →


Arrow Electronics Clicks Into New Dell EMC Partner Program

Centennial, Colorado-based Arrow Electronics said this week that it has is one of the "key" global distributors in a new partner program being run by Dell EMC. The new program combines both of Dell and EMC's old partner programs into a new combined structure. Dell acquired EMC in a $67 billion deal which closed in September of 2016. Arrow said that it will provide one partner portal for Dell EMC, with single sign on and one-deal registration, among other benefits....Continue →


CoreSite Expands In DC

Denver-based data center operator CoreSite is in an expansion at its Washington, D.C., campus, the company said on Thursday.CoreSite said that it has executed a ten-year lease, for another 25,000 square feet of capacity at its current Washington, D.C., campus. The company said it expects construction costs for the addition to have an estimated cost of approximately $20M. The company expects the addition in DC to go live in the fourth quarter of 2017.Continue →


SlamData Sees $6.7M For Data Visualization Tools

Boulder-based SlamData, a startup developing software to help analysts query, visualize, and share data derived from NoSQL, Hadoop, and other databases, has raised $6.7M in funding. The Series A funding, announced late Wednesday, was led by Shasta Ventures. SlamData is led by Jeff Carr. The company said the funding will go towards further development of its software....Continue →


Rise Broadband Targets Small Businesses With New Services

Denver-based fixed wireless Internet services provider Rise Broadband is targeting small businesses with a new suite of services, the company announced this week. According to Rise, it has added a set of new "Small Business Services" programs specifically to meet the needs of local retail, operations, consumer services and other businesses throughout its rural and suburban coverage area....Continue →


Uber Starts Self Driving Auto Pilot In Tempe

Ridesharing service Uber has kicked off testing of its self-driving cars in Tempe, Arizona, with Arizona Governor Doug Ducey the official first passenger using the self-driving cars. Uber moved its self driving cars to Arizona in December, after a high profile flap in California, where the State revoked the registration of Uber's vehicles after the company began testing them without the state's oversight....Continue →


Techstars Launches Music Accelerator, Techstars Music

Boulder-based Techstars has launched its newest startup accelerator program, Techstars Music, in Los Angeles, Techstars announced this morning....Continue →


TravelPass Group Hits $1 Billion In Bookings

Lehi, Utah-based TravelPass Group, the operator of such websites as ReservationCounter.com, ReservationDesk.com, and other sites, says it has just passed $1 billion in gross bookings through Expedia's Affiliate Network. TravelPass Group helps independent and brand name hotels, wholesalers, and others market their properties and book travelers, both via the web and phone. Daniel A. Nelson is Executive Chairman of TravelPass Group....Continue →


Zayo Wins Dark Fiber Deal In Chicago

Boulder-based bandwidth provider Zayo Group has scored a dark fiber deal in Chicago, the company reported this morning, to connect six data center locations for an un-named customer. Zayo said the deal, for a "webscale cloud provider" will be used to connect six data center locations with 20 diverse segments. Financial impact of the win was not announced. Zayo currently has a 115,400 mile fiber network in North America and Europe.Continue →



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