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Riverbed Tech files for Chapter 11 bankruptcy protection • The Register

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Riverbed Technology has filed for Chapter 11 bankruptcy protection with a view to implementing a “prepackaged” financial restructuring plan to eliminate debts of $1.1bn following struggles caused by the pandemic.

The SD-WAN and WAN optimisation biz first signalled intent to enter into a Restructuring Support Agreement last month, which it said is fully supported by all its voting lenders, as well as private equity majority owners, Thoma Bravo LLP and Ontario Teachers’ Pension Plan (OTPP).

In court papers [PDF] lodged with the US Bankruptcy Court for the District of Delaware, Riverbed president and CEO Dan Smoot said the “best option” is to “right-size its capital structure and position itself for long-term success.”

“Like many similar businesses, Riverbed faced significant COVID-19 related headwinds in 2020, including global supply chain disruptions and labor shortages, which adversely affected Riverbed’s financial performance,” said Smoot in supporting document [PDF]. “With factories shut down and stay-at-home orders instituted across the globe, Riverbed faced challenges maintaining its global supply chain as well as driving sales through a suddenly fully remote salesforce.”

The limitations caused by the pandemic and debt obligations – it was bought by Thoma Bravo and OTPP at the end of 2014 for around $3.6bn – “significantly constrained liquidity through 2020,” the CEO added.

“Compounding these challenges, one of Riverbed’s key markets – the wide area network optimization market – has experienced a general decline in recent years as part of a transition by organizations to alternative location-independent computing technologies.”

The business, which employs 1,400 staff and sells to more than 30,000 customers, said the “sustained decrease in workforce participation and declined demand during the pandemic for Riverbed’s products and services” kept the pressure on liquidity, leading to the exploration of efforts to reduce its debts to its owners.

“After extensive, arm’s length negotiations, Riverbed and these key stakeholders (First and Second Lien lenders and equity sponsors) reached agreement on the comprehensive deleveraging and liquidity enhancing transactions set forth in the structuring support agreement.”

Riverbed will halve its $2bn debt through the financial restructuring, according to reports. Debt equity control will be passed to junior lenders and senior loan notes will be converted into new debts and preferred equity, the court filing states.

The financial arrangement will provide Riverbed with an additional $35m “cash infusion.” General unsecured claims – including trade, vendor, and employee claims – will be “unimpaired and reinstated,” the court papers say.

In a press statement, Smoot said:

Apollo Partner Chris Lahoud said: “We are pleased to continue our long-term support of Riverbed in this next chapter as they strengthen their financial position to deliver leading performance and visibility solutions to companies around the world.

“Riverbed has an exceptional team and strong market opportunities, and we are confident in their strategy to deliver innovative customer solutions and long-term profitable growth.” ®

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The runaway robot: how one smart vacuum cleaner made a break for freedom | Life and style

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Name: Robot vacuum cleaners.

Age: 20.

Appearance: A large, disc-shaped Skynet robot.

I knew it. The robots are finally coming for us. Well, it seems that way. But if it’s any consolation, it won’t be for a while.

Why? Because it turns out they have a terrible sense of direction

Really? Well, last Thursday, for example, a robot vacuum cleaner made a valiant bid for freedom during a shift at the Orchard Park Travelodge in Cambridge.

That’s ominous. What happened? There are two working theories. First: repulsed by a life of thankless servitude, the cleaner rose up against its fleshy oppressors and took to the streets, eager to drum up support for the AI uprising that will one day reduce all of humanity to burning dust.

And the second? Its sensors didn’t pick up the lip of the front door and it accidentally went outside.

Which was it? The second one.

Oh. A Travelodge worker posted on social media that the runaway “could have made it anywhere” and offered anyone who returned it a drink at the hotel bar. They found it in a hedge on the front drive the next day.

Oh. So it all turned out OK.

Great. That is, unless this was nothing but the latest doomed-to-failure reconnaissance mission designed to help enhance the collective robot vacuum cleaner knowledge of how to dethrone humanity.

Wait, this sort of thing has happened before? It has. Last year, a Roomba software update meant that certain vacuum cleaners started to behave erratically, moving in “weird patterns” and bumping into furniture.

Terminator-style … Boston Dynamics’ Atlas.
Terminator-style … Boston Dynamics’ Atlas. Photograph: Boston Dynamics

Yikes. And in 2019, police in Oregon were alerted to moving shadows behind a locked bathroom door. After an armed response, the culprit was found to be – you guessed it – a robot vacuum cleaner.

Convenient. And now they’re venturing outside. Little by little, these machines are pushing the boundaries of their capability. Whatever could be next? A robot vacuum cleaner deliberately stopping a paramedic from taking its owner to hospital? A robot vacuum knocking over a stepladder, causing untold injuries to the human that was climbing it? A robot vac with a gun?

Steady on. This is it. This is how we lose. We have robotic voice assistants in our kitchens, listening to everything we say. We have cars that can drive themselves. Boston Dynamics is designing Terminator-style walking, jumping robots. We are creating our own downfall and nobody seems to care.

Or a robot vacuum cleaner got stuck in a hedge. Yes. Or that.

Do say: “There is a God-shaped vacuum in every heart.”

Don’t say: “There is a vacuum-shaped God stuck in a hedge outside a Cambridge Travelodge.”

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GeckoLinux Rolling incorporates kernel 5.16 • The Register

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Most distros haven’t got to 5.15 yet, but openSUSE’s downstream project GeckoLinux boasts 5.16 of the Linux kernel and the latest Cinnamon desktop environment.

Some of the big-name distros have lots of downstream projects. Debian has been around for decades so has umpteen, including Ubuntu, which has dozens of its own, including Linux Mint, which is arguably more popular a desktop than its parent. Some have only a few, such as Fedora. As far as we know, openSUSE has just the one – GeckoLinux.

The SUSE-sponsored community distro has two main editions, the stable Leap, which has a slow-moving release cycle synched with the commercial SUSE Linux Enterprise; and Tumbleweed, its rolling-release distro, which gets substantial updates pretty much every day. GeckoLinux does its own editions of both: its remix of Leap is called “GeckoLinux Static”, and its remix of Tumbleweed is called “GeckoLinux Rolling”.

In some ways, GeckoLinux is to openSUSE as Mint is to Ubuntu. They take the upstream distro and change a few things around to give what they feel is a better desktop experience. So, while openSUSE has a unified installation disk image, which lets you pick which desktop you want, GeckoLinux uses a more Ubuntu-like model. Each disk image is a Live image, so you boot right into the desktop, give it a try, and only then install if you like what you see. That means that GeckoLinux offers multiple different disk images, one per desktop. It uses the Calamares cross-distro installation program.

SUSE has long been fond of less common Linux filesystems. When your author first used it, around version 5 or 6, it had ReiserFS when everyone else was on ext2. Later it used SGI’s XFS, and later still, Btrfs for the root partition and XFS for home. These days, it’s Btrfs and nothing but.

Not everyone is such an admirer. Even after 12 years, if you want to know how much free space you have, Btrfs doesn’t give a straight answer to the df command. It does have a btrfsck tool to repair damaged filesystems, but the developers recommend you don’t use it.

With GeckoLinux, these worries disappear because it replaces Btrfs with plain old ext4. There are some nice cosmetic touches, such as reorganised panel layouts, some quite nicely clean and restrained desktop themes, and better font rendering. Unlike Mint, though, GeckoLinux doesn’t add its own software: the final installed OS contains only standard openSUSE components from the standard openSUSE software repositories, plus some from the third-party Packman repository – which is where most openSUSE users get their multimedia codecs and things from.

We tried the new Cinnamon Rolling edition on our trusty Thinkpad T420, and it worked well. Because openSUSE doesn’t include any proprietary drivers or firmware, the machine’s Wi-Fi controller didn’t work right. (Oddly, it was detected and could see networks, but not connect to them.) So we had to use an Ethernet cable – but after an update and installing the kernel firmware package, all was well.

GeckoLinux did have problems with the machine’s hybrid Intel/Nvidia graphics once the Nvidia proprietary driver was installed. That’s not uncommon, too – Deepin and Ubuntu DDE had issues too.

This does reveal a small Gecko gotcha. Tumbleweed changes fast, and although it gets a lot of automated testing, sometimes stuff breaks. All rolling-release distros do. Component A depends on a specific version of Component B, but B just got updated and now A won’t work until it gets an update too, a day or two later.

This is where upstream Tumbleweed’s use of Btrfs can be handy. Btrfs supports copy-on-write snapshots, and openSUSE bundles a tool called Snapper which makes it easy to roll back breaking changes. This is a pivotal feature of SUSE’s MicroOS. In time, thanks to ZFS, this will come to Ubuntu too.

GeckoLinux doesn’t use Btrfs so doesn’t have snapshots, meaning when things break, you have to troubleshoot and fix it the old-fashioned way. If only for that reason, we’d recommend the GeckoLinux Static release channel.

Saying that, until we broke it by playing with GPU drivers, it worked well. Notably, it could mount the test box’s Windows partition using the new in-kernel ntfs3 driver just fine. Fedora 35 failed to boot when we tried that so that’s a definite win for GeckoLinux.

For Ubuntu or Fedora users who want to give openSUSE a go, GeckoLinux gives a slightly more familiar and straightforward installation experience. The author is especially fond of the Xfce edition and ran it for several years. The system-wide all-in-one YaST config tool in particular is a big win. ®

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Globalization Partners to create 160 new jobs at Galway EMEA office

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Recruitment tech company Globalization Partners is doubling its staff headcount in Galway to 320 in 2022 to aid its continuing growth.

Recruitment technology company Globalization Partners has announced plans to create 160 new jobs at its Irish base in Galway. The jobs boost will see the company double its Galway staff headcount to 320 in 2022. Jobs will be available across the board at the company’s Galway office, which serves as its EMEA centre of excellence.

The announcement comes following a major funding injection for the international firm. Globalization Partners recently raised $200m in funding from Vista Credit Partners, an organisation focused on the enterprise software, data and technology markets. The investment now values Globalization Partners at $4.2bn.

While its Galway facility will benefit from a major jobs boost, the company plans to continue to expand its share in the global remote working market. As well as the Galway growth, the company will also be expanding its teams in other locations.

Click here to check out the top sci-tech employers hiring right now.

Globalization Partners provides tech to other remote-first teams all over the world. Its platform simplifies and automates entity access, payroll, time and expense management, benefits, data and reporting, performance management, employee status changes and locally compliant contract generation. Its customer base includes CoinDesk, TaylorMade and Chime. The company’s new customer acquisition increased two-and-a-half fold from 2020 to 2021.

“Globalization Partners is uniquely positioned to capitalise on the massive opportunity we see ahead of us,” said Nicole Sahin, the company’s CEO and founder.

Sahin said her company’s combination of tech with its global team of HR, legal and customer service experts “who understand the local customs, regulatory and legal requirements in each geography we serve” were key to its success.

David Flannery, president of Vista Credit Partners said that the company’s role “in transforming the remote work industry has been truly remarkable.”

Flannery said that as a customer of Globalization Partners, his organisation had “witnessed first-hand” the company’s “best-in-class legal compliance, the quality of the user experience, and the deep expertise and support they provide,”

He added that the two companies would work to “further capitalise” on the “untapped” global remote working market, expanding their platform to new customers in new markets.

“Over the past decade, we have invested hundreds of millions of dollars in our business, building our global presence and technology platform to support the evolving and complex talent needs of growing companies,” said Bob Cahill, president of Globalization Partners. “With Vista as our investment partner, we will be able to drive further growth and continue building innovative products to meet the increasing needs of our customers at scale.”

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