The announcement comes on the back of the carrier slashing thousands of back-office and technology roles.

The vendor is targeting a subsidiary initial public offering for the IoT business in the first half of the next fiscal year.

The $150,000 fine was the first “space debris enforcement action” from the Federal Communications Commission.

Cisco CEO Chuck Robbins said Splunk’s security, observability and artificial intelligence capabilities “complement” Cisco’s existing portfolio.

Zscaler CEO Jay Chaudhry defends his company's multivendor SASE and SSE approach, noting its lead over Microsoft's late SSE market entry.

“Cisco has a go-to-market machine that’s much bigger than ours,” which can help Nutanix reach more customers, Nutanix CEO Rajiv Ramaswami said.

"They have seen the Cylance [by] BlackBerry movie before, and they're concerned," CEO George Kurtz said. "We've already seen deals come our way."

This week was all about VMware Explore, as the event was spent trying to show everyone that the company was still the same as it has always been.

“What it takes to attract and retain customers is materially more expensive than it was just a few quarters ago,” CEO Mike Sievert told employees.

“What we think lies ahead is the need for security to stop bad actors midflight, real time, as it's happening,” Palo Alto CEO Nikesh Arora said.

This is based on the ability to combine Dish Network’s expanding 5G network with Echostar's satellite capabilities.

Fortinet is growing — with a second quarter 2023 reported revenue of $1.3 billion and two new products for its secure networking portfolio.

"We outperformed our original top-line outlook for fiscal 2023, and ... outgrew the market by two times," said CEO Ed Meyercord,

Arista is increasingly looking towards artificial intelligence with the company expecting it to be a significant growth contributor by 2025.

"It is a means for us to begin finding a good catch to shut down other infrastructure and still serve customers," CEO John Stankey said.

“We talked about this being one of the most important 5G applications,” CEO Hans Vestberg said.

Ericsson posted a sharp drop in second-quarter sales, while Nokia cut its full-year guidance.

ABI Research predicts the 5G security software and services market will hit $8.6 billion in sales by 2027.

The changes come on the heels of a broader push to slash spending for the build-out of its innovative open radio access network-based 5G network.

Francisco Partners will remain the controlling shareholder in Forcepoint's commercial business, focusing on its secure access service edge offering.

Here are some of the most prominent venture capital, merger and acquisition and other financial news items from May.

Ericsson is still in investment mode with its enterprise efforts.

The move continues Cisco’s ongoing push to diversify its supply chain.

Cradlepoint acquired Ericom Software; DT regained a controlling stake in T-Mobile US; and cloud service spending is set to soar.