Cloud Phone Service RingCentral Files for $100 Million IPO

RingCentral, the cloud-based phone service for businesses, just filed for an initial public offering with the U.S. Securities and Exchange Commission. It has proposed using the ticker symbol RNG. While the valuation and offering price haven’t yet been determined, the company’s filing has a detailed look at its finances and who owns what. Its biggest … Continue reading

Cisco Pays $2.7 Billion for Security Player Sourcefire

Networking giant Cisco Systems said today that it will pay $2.7 billion for Sourcefire, a security equipment company based in Columbia, Md. The deal was announced in a corporate blog post. Sourcefire specializes in intrusion-detection appliances. Its products are based on open-source intrusion-detection software called Snort, which it created. It was started in 2001, has … Continue reading

Intel Capital Joins Big Switch Funding Round

Big Switch Networks, the software-defined networking startup that came out of stealth mode last year, has a new investor in its Series B round of venture capital funding: Intel Capital. The venture arm of the world’s biggest chip company joins other investors — including Goldman Sachs, Index Ventures, Khosla Ventures and Redpoint Ventures — and … Continue reading