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Redfin to be acquired by Rocket Companies in $1.75B deal

GeekWire

(Redfin Photo) Rocket Companies agreed to acquire Seattle-based Redfin in a $1.75 “Rocket and Redfin have a unified vision of a better way to buy and sell homes,” Rocket Companies CEOVarun Krishna said in a statement. billion, with a net loss of $164.8 billion in 2024, and adjusted net income of $456 million.

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20 powerful women shaping the networking industry

Network World

of the Fortune 500 companies have women CEOs. In an AP survey of S&P 500 companies, only 25 of 341 CEOs were women. The Women in Tech organization reports that 17% of tech companies have a woman CEO, and only 25% of all C-suite jobs are held by women. Several went out and started their own company. Only 10.4%

Network 363
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SAP offers faster updates, longer maintenance for S/4HANA in private clouds

CIO Business Intelligence

The good news for SAP is that many of the customers adopting its cloud-based S/4HANA offering are net-new, meaning more market share. Customers who subsequently become dissatisfied with Rise will need to buy back their perpetual license if they want to stay on SAP’s platform.

SAP 317
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At a loss for data project ROI? Evaluate it like a product

CIO Business Intelligence

He and his wife, Edwinna Dunn, own Dunnhumby, a global customer data science company that helped Tesco create its Clubcard, the world’s first supermarket loyalty card. Laney, a former distinguished VP analyst at Gartner, studied how companies used their data when he was with the research firm. “We But what if it is a support tool?

Data 290
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Cloud, SaaS boost Oracle sales, but competition exacts costs

CIO Business Intelligence

During a call with analysts after the results were announced Thursday, Oracle Chairman and CTO Larry Ellison named a long roster of high-profile customers the company had signed up recently. While overall revenue including services and license support rose 4% year over year to reach $10.5 billion, net income plunged 54% to $2.3

Oracle 264
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‘An easy button to get off Windows’: Amazon’s new AI moves Microsoft apps to Linux

GeekWire

At the Amazon Web Services re:Invent conference Tuesday morning, the company announced a series of new features for Amazon Q Developer , its AI assistant for software development, including one that uses AI to help companies migrate legacy Microsoft.NET applications to Linux.

Linux 133
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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. Despite the fact that we are opening new and expanding existing cloud data centers very, very rapidly.”

Oracle 246