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Under a new five-year strategic alliance, Avid (NASDAQ:AVID) will continue to develop and deploy its cloud-based solutions to Microsoft Azure.
The renewal continues the companies’ commitments and investments in tech, product development, and go-to-market efforts, which have already produced several workflows to help media companies moving to the cloud.
AVID shares are up 11.5% after hours to $7.10.
Amazon (NASDAQ:AMZN) will extend the closure of its six warehouses in France until May 8.
The warehouses closed on April 16 after a court banned Amazon from shipping non-essential items to protect workers from potential coronavirus exposure.
Last week, Amazon lost an appeal against the court ruling and said the facilities would remain closed through April 28.
Earlier today, France rejected AMZN’s attempt to tap state partial unemployment for its warehouse workers.
Amazon’s warehouses in the region employ about 10,000 people on permanent and interim contracts.
Nvidia (NVDA +1.6%) plans to acquire Cumulus Networks to bolster its networking software capabilities. Terms of the deal weren’t disclosed.
Cumulus offers Linux distribution for network switches, tools for network operation management, and a data center switch hardware solution.
Cumulus raised $134M in private funding.
Mellanox and Cumulus became official partners in 2016. Nvidia’s acquisition of Mellanox closed last week.
Nokia (NOK -1.8%) and Vodafone Hutchison Australia (VOD +0.4%) are doing the first regional deployment of low-band NR700 MHz spectrum in a field test environment.
The 5G spectrum will complement the existing 3.5 GHz rollout, enhancing coverage and improving indoor performance.
It’s using Nokia AirScale products and is being tested on some VHA sites in Western Sydney; Nokia Global Services will provide project planning, installation, and network optimization services.
Before recent head-butting over videoconferencing, Google (GOOG -0.5%, GOOGL -0.6%) engineers flirted with the idea of acquiring Zoom Video Communications (ZM +4%), The Information says.
Zoom’s product was popular inside Google as recently as 2018, when several thousand employees were using Zoom rather than Google’s own product, according to the report.
That led engineers at the time to calculate unit economics of acquiring Zoom and running it on Google servers, but those discussions didn’t go too far and Google in time resolved to beat Zoom rather than acquire it.
