Cloud-computing startup’s IPO another big win for tech stocks | New …

A sluggish year for tech initial public offerings is warming up.

Talend — a cloud-computing startup with offices in France and California — saw its shares surge 42 percent, to $25.50, in their first day of trading on the Nasdaq.

The company’s late Thursday offering — priced at $18 a share — was above the expected range of $15 to $17, and raised $94.5 million.

Chief Executive Mike Tuchen said investors were impressed that the firm, unlike many tech startups, is cash-flow positive.

Talend is “still in the early days of our journey,” Tuchen said, and will use the IPO proceeds for acquisitions rather than funding operations.

Talend’s rally was the latest in a recent string of successful tech IPOs after the slowest spring since the Great Recession.

Earlier this month, Japan-based messaging app Line debuted at $32.75, rising 27 percent on its first day of trading. The shares closed at $36.72 on Friday.

Twilio, which powers text-messaging and phone calls for mobile apps like WhatsApp and Lyft, has seen its shares almost triple, to $40.63 as of Friday’s close, after debuting in late June at $15.

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Cloud computing,big data analytics beneficial in health,police

Application of cloud computing and big data analytics in public health systems would help prevent spread and occurrences of diseases and also reduce morbidity rate, a top official of ANZ said today.

After inaugurating EMC Centre in Sri Krishna College of Technology here, Krishnakant, Head of ANZ, said use of data analytics in the health field would easily identify occurrence of diseases and also clearly portray the health deterioration in the body.

If identified early, medical professionals can prevent diseases and can control the death rate, he said and suggested that public health systems in each country use the application for the benefit of society.

Stating that data analytics is now able to discover the criminal behaviour in people and mention the places where crimes may happen, he said crime rates can be minimized if applied in the police force.

He said London police has followed these techniques and predicted where and when crimes happen, as a result of which crime rates were drastically reduced there.

By using big data analytics, one can predict crimes, control and reduce the number of crimes, he claimed and said new revolutions in the computer field discover many Apps by using cloud computing and big data analytics, which may forecast people’s mood and behaviour.

Online retailers are now using the same model and observe the buying behaviour of customers.

Developed countries now use these big data analytics and identify availability of oil and petroleum, coal in mines, expanding business opportunities in the insurance sectors and financial institutions, predicts the nature of the vehicle and accident rates, Krishnakant said.

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Google’s Cloud Investments are Finally Starting to Pay Off

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