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Tuesday, August 28, 2018
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The Big One

A breakdown on the day’s biggest Inno story.

Lucy: Public cloud infrastructure company VMware announced that it has signed a definitive agreement to acquire CloudHealth Technologies.

The California company (majority-owned by Dell) will pay approximately $500M for the Boston-based company, Reuters reported, citing sources familiar with the matter.

Headquartered in Downtown Crossing, CloudHealth Technologies is a provider of a cloud operations platform enabling customers to analyze and manage cloud cost, usage, security and performance. Founded in 2012, it currently serves over 3,000 customers, including Yelp, Dow Jones and Zendesk.

In 2017, the company closed a $46M Series D round with new investor Kleiner Perkins as a leading investor.

The acquisition will fill what VMware COO Sanjay Poonen calls the last major piece to the Palo Alto-based company’s new cloud strategy, Silicon Valley Business Journal reported.

Read more: CloudHealth Is Getting Acquired by VMware for a Reported $500M


In The Know

The Inno stories you need to read today.


Elsewhere in Inno

Stories from around the Inno network we think you’ll dig.

Allergic to Nuts? Alternutive Has a Snack for You – Rhode Island Inno
– WeWork’s Coding School Acquires Chicago Design Program Designation – Chicago Inno
– Nice Ride Rolls Out New App and Dockless Plan Ahead of Fall Launch – Minne Inno


Making Moves

Inside the people, companies and organizations making moves in Boston.

Sri: Robots under the SoftBank Robotics brand, Pepper and NAO, are used in more than 70 countries worldwide. Boston-based Affectiva AI’s technology will now enable these robots to have more relational and human-like interactions with people. Pepper, for example, was created specifically for the purpose of interacting with people in a highly relational way. Its multiple cameras, microphones and loudspeakers help identify emotions based on facial and vocal cues; the integration with Affectiva AI will help Pepper discern emotions better.

Lucy: More M&A news for you, Beat readers. Three months after acquiring software development platform Hiptest, SmartBear is bringing another company under its umbrella. The Somerville-based provider of tools to develop, test and monitor software announced that it will acquire Zephyr, a San Jose, Calif.-based software testing provider with around 100 employees. Headquartered in California with regional offices in Philadelphia, Europe and India, Zephyr has more than 18,000 customers who use its tools to conduct over 40M software tests. Read more: SmartBear Scores Its Second Acquisition Deal of the Year

Sri: Job classifieds company Indeed published a list of best places to work in Boston. The list runs long and includes 30 companies. The top ten on the list are: Boston Consulting Group, Analog Devices, Bristol Myers-Squibb, Converse, Nike, New Balance, Bose, Amgen, Fidelity Investments and PUMA Group. Find the full list here.


In The Community

The events and happenings to know about tonight and this week.

Lucy: Boston FinTech Week 2018, the city’s week-long celebration of fintech innovation, is around the corner on Sept. 10-14. In its second year, over 95 partners are hosting, speaking and participating in 35 free events throughout downtown Boston within the span of a single week. Explore events here and don’t forget to register.

Sri: Evergage announced its fifth annual Personalization Summit to be held Sept. 11-13 at the Boston Park Plaza. With a theme of “Realizing the One-to-One Dream,” this industry event will provide strategies and techniques, as well as panel discussions, case studies and exclusive workshops, to help attendees deliver tailored, relevant customer experiences at the individual level.


Random

The fun stuff.

Lucy: Can a European cloud startup compete against giants like Box and Dropbox? And, if yes, what would be its strategy? Dutch startup WeTransfer, which raised $25M three years ago to take the U.S. market by storm, is going all-in by… getting weird. “Really, really, avant garde-level weird,” TechCrunch’s Jonathan Shieber reported. “I can’t say whether WeTransfer’s file sharing service is notably better or worse than Box or DropBox, but their hipster cred is undeniable. Points to you, WeTransfer. Points to you.”


Featured Jobs

Featured startup and tech jobs on BostInno’s new Careers Directory.


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Meet The Authors
Srividya (Sri) Kalyanaraman

skalyanaraman@americaninno.com
Lucia Maffei
lmaffei@americaninno.com

Kyle Gross (KG)
kgross@americaninno.com

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