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Google says over 100 firms likely hit in Oracle-linked hacking campaign

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Google warned that more than 100 companies may have been compromised in a massive cyberattack targeting Oracle’s E-Business Suite, a core system used by corporations to manage supply chains, customer data, and manufacturing operations.

In a statement released Thursday, Google said “mass amounts of customer data” were stolen in the attack, which may have begun three months ago. The company attributed the breach to the CL0P ransomware group, known for large-scale cyber intrusions exploiting third-party software vulnerabilities.

“This level of investment suggests the threat actor dedicated significant resources to pre-attack research,” Google’s cybersecurity division said. Analyst Austin Larsen added that while dozens of victims have been confirmed, “based on the scale of previous CL0P campaigns, it is likely there are over a hundred.”

The breach appears to have targeted Oracle’s E-Business Suite, used by corporations worldwide to manage sensitive operations including logistics, customer relations, and payments. Oracle has not publicly commented beyond acknowledging ongoing extortion attempts against some clients.

CL0P, which has previously claimed responsibility for major data thefts, told Reuters earlier this week that Oracle had “bugged up their core product.” The group is reportedly threatening to publish stolen data unless ransom demands are met.

Cyber experts say the scale of the attack could rival the MOVEit hack of 2023, underlining the growing risk of supply chain breaches that exploit trusted enterprise software systems.

Cascadia Capital Expands Into Tech M&A With New Silicon Valley Office

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Cascadia Capital, a U.S.-based boutique investment bank, is making a strategic push into technology mergers and acquisitions (M&A) with the opening of a new Silicon Valley office and the appointment of veteran banker Jonathan Cantwell to lead its new technology group, company executives told Reuters.

NEW LEADERSHIP AND STRATEGIC FOCUS

Cantwell, previously partner and head of software investment banking at GP Bullhound, will oversee the firm’s technology advisory practice, focusing on enterprise Software-as-a-Service (SaaS) and artificial intelligence (AI) companies.

He will lead recruitment for the new office and aims to build a 20-member team specializing in advising growth-stage technology firms with enterprise values of up to $2 billion.
Cascadia plans to leverage Cantwell’s strong M&A track record, which includes PeakAI’s sale to UiPath (PATH.N) and Compendium’s sale to Oracle (ORCL.N).

“We’re at this inflection point where many high-growth software and AI companies will need experienced advisors,” Cantwell said. “It’s the right moment to build a new practice focused on enterprise automation, data analytics, and digital applications.”

INVESTMENT BACKING AND GROWTH PLANS

Cascadia’s expansion is supported by Atlas Merchant Group, led by former Barclays CEO Bob Diamond, which made an eight-figure investment in Cascadia in 2022 to fuel its growth.
Diamond highlighted that the move aligns with the convergence between digital assets, traditional finance, and the increasing dominance of AI-driven innovation in financial markets.

“You have the importance of software, the importance of AI, and the merging of traditional finance with digital technologies,” Diamond said. “It couldn’t be a better time to enter the tech M&A space.”

EXPANDING BEYOND CORE SECTORS

Cascadia Capital, led by CEO Michael Butler, a former Morgan Stanley executive, already operates successful M&A practices in consumer goods, food and agribusiness, industrials, and business services.
With its new Silicon Valley hub, the firm aims to position itself as a go-to advisor for mid-market software and AI companies, helping them navigate consolidation, fundraising, and acquisition opportunities amid a surge in sectoral deal activity.

As global demand for AI-driven enterprise software and automation technologies accelerates, Cascadia’s new practice underscores a broader trend of boutique advisory firms pivoting toward high-value, data-centric industries.

Microsoft Names Judson Althoff as CEO of Commercial Business, Nadella Refocuses on Technology

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Microsoft announced on Wednesday that Chief Commercial Officer Judson Althoff will become CEO of its commercial business, marking a significant leadership shift aimed at strengthening the company’s focus on artificial intelligence and cloud technology.

In his new role, Althoff will oversee a newly created organization that brings together sales, marketing, and operations under one umbrella. This change allows CEO Satya Nadella to dedicate more of his time to Microsoft’s core technological priorities, including AI, data center infrastructure, and systems innovation.

NADALLA TO FOCUS ON TECH LEADERSHIP

In a blog post, Nadella said the move will enable him and the company’s top engineers to be “laser focused on our highest ambition technical work — across our datacenter buildout, systems architecture, AI science, and product innovation.”

The restructuring reflects Microsoft’s broader ambition to dominate the AI platform race, integrating advanced AI models across its products and cloud ecosystem.

Althoff, who joined Microsoft in 2013 as president of Microsoft North America, will now also lead a new commercial leadership team comprising executives from engineering, marketing, sales, operations, and finance. Nadella praised him for his deep customer relationships and strong operational leadership.

DRIVING THE NEXT PHASE OF GROWTH

“We are in the midst of a tectonic AI platform shift,” Nadella said. “It requires us to manage and grow our at-scale commercial business today, while building the new frontier and executing flawlessly across both.”

The move comes as Microsoft continues to reorganize its operations around AI. In August, the company merged its developer and business AI marketplaces into a single platform called Microsoft Marketplace, designed to make it easier for corporate clients to buy, integrate, and deploy AI tools.

The commercial division, which includes Microsoft Azure, Office 365, and enterprise services, remains central to the company’s growth strategy. Analysts see Althoff’s appointment as a signal that Microsoft is tightening its execution on both enterprise expansion and AI integration.

CONTINUING AI MOMENTUM

Under Nadella’s leadership, Microsoft has transformed from a software company into one of the world’s leading cloud and AI infrastructure providers, with deep partnerships with OpenAI and major investments in Copilot across its Office and Windows products.

By separating commercial and technical leadership, Microsoft is betting that sharper focus will help sustain its momentum in a competitive landscape that includes Google Cloud, Amazon Web Services, and Meta’s AI tools.