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Level 3 Communications, Inc. (NASDAQ:LVLT) agrees to a multi-year agreement that will expand Time Warner Cable’s (NYSE:TWC) national network, and provide additional core infrastructure services. Additionally, the firms have agreed to exchange IP traffic between their respective backbone networks.
Yingli Green Energy Holding Company Limited (NYSE:YGE) shares move up on the day on word that it obtained the first JIS Q8901 certification from Japan, which specifies national requirements for system reliability regarding design, production and product warranty for photovoltaic modules. The firm says that the certification will help it “establish long-term cooperative relations with Japanese consumers.”
Shares of Ascent Solar Technologies Inc. (NASDAQ:ASTI) gained more than 20 percent following the announcement of a solar-powered charger for Samsung’s blockbuster Galaxy S III. The charger will be built into a protective case that also contains a battery such as IBM ThinkPad A21M Battery , IBM ThinkPad R60 Battery , IBM ThinkPad T60 Battery , IBM 40Y6797 Battery , IBM 40Y6799 Battery , IBM FRU 92P1139 Battery , IBM FRU 92P1141 Battery , IBM FRU 92P1137 Battery , IBM 02K6651 Battery , IBM 02K6928 Battery . The company already offers a combo EnerPlex charger and case for the iPhone 4S.
International Business Machines Corporation (NYSE:IBM) is establishing a research and development laboratory in quickly-growing Kenya and also says that it might open facilities elsewhere in Africa in the future. Government information tech and urban resource management are two of the areas upon which the new lab in Kenya will concentrate. Arik Hesseldahl notes that IBM has “long had a peculiar affection for Africa,” and currently does business in 20 nations on that continent.
Virtualization software company Nutanix has raised another $33 million — this time with a little help from Goldman Sachs.
The company’s value comes from the unique way it handles server virtualization: Unlike most other systems, Nutanix’s own combines both storage and computing into a single box. This makes life for the average IT manager vastly easier, as it cuts down on data center footprints. That, in turns, means lower costs on server infrastructure as a whole.
Nutanix says the cash infusion will go to bolstering its sales and marketing teams, which will be key as the company battles against larger incumbents like IBM and EMC.
The latest round in funding joins the $38 million Nutanix has previously raised, brining its total to $71 million. The funding was headed by Lightspeed Ventures and Khosla Ventures, and supported by Battery Ventures and Goldman Sachs.
The interest by Goldman Sachs is telling, as it strongly hints that Nutanix is prepping its own initial public offering.
Nutanix’s clientele is populated by companies in a variety of industries, including healthcare, education, finance, and technology. Even the U.S. Army is a Nutanix customer.
Run from San Jose, Nutanix was founded in 2009 by CEO Dheeraj Pandey and CTO Dr. Mohit Aron, former engineers at both Aster Data Systems and Zambel.