IBM has hired Howard Boville, former chief technology officer at Bank of America, to lead its cloud business starting May 1, IBM CEO Arvind Krishna announced in a LinkedIn post. Krishna made the announcement on the day he started work as CEO, succeeding the departing Ginni Rometty. Boville is a good fit for IBM’s cloud business, the majority of which consists of hardware and software that...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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