Ford invests $182.2 million in cloud-based software company

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Ford is quickly becoming a mobility company driven by big data, not just cars and trucks.

Ford Motor Company announced Thursday morning that it has invested $ 182.2 million in a cloud-based software company called Pivotal. The move further solidifies Ford’s plans to be not just an automaker but also a mobility company that banks on big data.

“Our investment in Pivotal will help strengthen our ability to deliver these customer experiences at the speed of Silicon Valley,” said Mark Fields, Ford president and CEO, “including continually expanding FordPass – our digital, physical and personal mobility experience platform.” Read more…

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Oracle is paying $532 million to snatch up another cloud service provider

Hard on the heels of a similar purchase last week, Oracle has announced it will pay $ 532 million to buy Opower, a provider of cloud services to the utilities industry.

Once a die-hard cloud holdout, Oracle has been making up for lost time by buying a foothold in specific industries through acquisitions such as this one. Last week’s Textura buy gave it a leg up in engineering and construction.

“It’s a good move on Oracle’s part, and it definitely strengthens Oracle’s cloud story,” said Frank Scavo, president of Computer Economics.

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Uber to pay $100 million settlement to keep drivers as contractors in two states

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SAN FRANCISCO — Uber has agreed to pay up to $ 100 million and make several policy concessions to settle a pair of major class-action lawsuits in two states that will keep its drivers independent contractors instead of employees, both sides announced Thursday night.

The settlement is a major step toward the ride-hailing company keeping its thriving business model that has been threatened as drivers have sought a more secure status and more bargaining rights.

Under the deal, Uber will pay $ 84 million to the plaintiffs in California and Massachusetts and another $ 16 million if the company goes public and meets certain goals. Read more…

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