Updated Aug. 26, 2014 at 6:54 a.m.

Red Hat beefs up 'cloud;' Heat Bio-Square 1 $7.5M deal; VM vs. EMC?; Tivo's non-cable recorder

Published: 2014-08-26 06:29:00
Updated: 2014-08-26 06:54:56


In the latest Bulldog wrapup of technology and life science news:

  • Red Hat unveils new cloud product;
  • Heat Biologics lands $7.5 million in financing from Square 1;
  • VMware targets cloud;
  • Tivo's new recorder for "cord-cutters."

The details:

  • Red Hat's first ManageIQ Community product

Red Hat will launch its newest cloud computing management product geared for private and hybrid clouds in September. It's the first product for the new ManageIQ community, which launched in May and is built on technology acquired with its purchase of ManageIQ in December 2012.

Joseph Fitzgerald, general manager of Cloud Management at Red Hat (NYSE: RHT), noted: 

“CloudForms enables enterprises to rapidly build and efficiently manage private and hybrid clouds. With CloudForms 3.1 enterprises can better leverage their existing infrastructures together with public clouds, as well as build and manage innovative new private clouds built on OpenStack.”

The new solution supports and offers enhancements for OpenStack, Amazon Web Services, VMware and Red Hat Enterprise Virtualization environments, plus Microsoft System Center Virtual Machine Manager private clouds.

  • Heat Biologics secures $7.5M loan from Square 1

Durham-based Heat Biologics (Nasdaq: HTBX) has struck a deal for $7.5 million in debt financing from Square 1 Bank (Nasdaq: SQBK).

The funds will be used for working capital and clinical trials and will be spread out over the next 14 months. 

Matt Czajkowski, chief financial officer of Heat Biologics, noted: "The closing of this important debt financing with Square 1 Bank is expected to substantially extend Heat's cash runway. Moving forward, we remain committed to judiciously managing our resources and further identifying ways in which we can reach our key inflection points with cash on hand, including the Company's first Phase 2 data readout from our bladder cancer study."

VMware to take on EMC?

VMware is pushing into the data-center market and could be headed for competition with EMC, its majority owner. So reports Bloomberg news. 

“VMware’s strategy would commoditize some of what EMC does,” said Jayson Noland, an analyst at Robert W. Baird & Co. “Neither one will admit it, but they’re heading right at each other.”

EMC dismissed VMware's moves as a threat.

Read the full Bloomberg report online. 

  • Tivo's new recorder:

Here's a sign more households are going without cable or satellite TV: TiVo Inc. is making a digital video recorder just for so-called cord-cutters.

The TiVo Roamio OTA will cost $50, compared with $200 for the regular model. The OTA version records free, over-the-air TV signals and lacks slots for cable service cards. For both models, you need a $15-a-month subscription to TiVo service, which provides programming data and other necessities.

The OTA model will be available starting Sept. 14 at select Best Buy stores.

A 2013 study from GfK estimated that 19 percent of U.S. TV households had broadcast-only reception, up from 14 percent in 2010. Those figures include people who have dropped cable and those who never had it, something common for younger adults.

TiVo isn't giving up on pay-TV subscribers, which still represent the majority of households. The company has two premium models that work only with a cable or satellite subscription. The $400 Roamio Plus and the $600 Roamio Pro have more storage and let you record six shows at once, rather than four on the cheaper models. The premium models also let you stream recorded shows on cellphones and tablets without additional hardware.

The $200 base model is the only one that works with both pay-TV services and antennas for over-the-air broadcasts.

 

 

 

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