X.commerce, a new business at eBay Inc. that connects developers and merchants, today announced it has joined the OpenStack™ community and will leverage the open source cloud operating system to deliver its powerful commerce ecosystem to the combined developer communities of eBay, PayPal and Magento. By choosing to standardize on OpenStack, X.commerce offers its development community the…

The largest Television Cable provider in UK, Virgin Media have decided recently to explore other income generating potential for the company. It will use its current fiber optic cable network as its leverage to venture into a cloud-based data center business. The vision for the cloud will be shared with business partner Savvis, an Information…

GetApp.com, the fastest growing independent online marketplace for cloud-based business applications, announced today that it is has secured $1.1 million in funding from Nauta Capital (Nauta). Nauta has invested in GetApp.com from its recently launched $150M Nauta III fund. This funding will allow GetApp.com to further establish its online channel leadership position in the lucrative,…

Recently, Red Hat, Inc. announced its acquisition of Gluster, Inc., a Nexus Ventures supported company. Gluster, Inc. is a provider of scalable, open source cloud storage solutions, which was acquired at $136 million dollars. The negotiation is to be sealed within this month with Red Hat assuming all of Gluster’s equity balances on the closing…