Cloud Manager Okta Lands $16.5 Million From Greylock and Khosla Ventures

With companies assembling their IT resources from a combination of cloud-based services, they need something to manage them all in one place. That’s where Okta comes in.

Update: Extreme In "Serious" Talks With Bidder, JMP Says

A quick update on my post yesterday regarding rumors that Extreme Networks (EXTR) might be acquired by privately held Enterasys. In a research note yesterday, JMP Securities analyst Samuel Wilson wrote that “sources suggested to us that at least one interest party has stepped forward to begin serious discussions with the company.”

What's Up With Extreme Networks?

Is something going on with Extreme Networks (EXTR)? The networking hardware company’s shares today have jumped 18 cents, or 5.9%, to $3.25; volume totals 2.56 million shares, about triple the daily average.