VMware acquires network security firm Lastline, said to lay off 40% staff

VMware is acquiring network security firm Lastline, TechCrunch has learned. Since its launch in 2012, Lastline raised about $52.2 million, according to Crunchbase. Investors include Thomvest Ventures, which led the company’s $28.5 million Series C round in 2017, Redpoint and e.ventures, which led the company’s 2013 funding round, as well as Barracuda Networks, NTT Finance […]

Zoom’s earnings to test hot tech valuations

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This week will see two richly-valued SaaS business share their Q1 earnings reports: CrowdStrike and Zoom. Both are 2019 IPOs, but these relatively young public companies have enjoyed a strong run in the public markets […]

How startups can leverage elastic services for cost optimization

The landscape shifts quickly, but managed services providers enable organizations to repurpose full-time staff members from impacted operations to more strategic product lines or initiatives.