Cloud Storage
PR Newswire: | January 25, 2024
TRG Screen, the leading provider of enterprise subscription spend and usage management software, today announced it has acquired Xpansion, the leading provider of cloud-based solutions for reference data usage monitoring in the financial services industry. The acquisition of Xpansion will further solidify TRG Screen's position as a global market leader in market data management solutions.
Xpansion – established in 2013 – is focused on empowering data operations teams to proactively manage their usage, control costs and optimize data workflows. Xpansion's offerings include Xmon, Xprocess and Xplore, and provide real-time analytics, giving clients unprecedented transparency, visibility and control into their reference data usage.
This deal consolidates TRG Screen's unique position as the only provider of enterprise subscription management capabilities spanning the whole spectrum of market data optimization, from spend and inventory tracking, through to usage and enquiry management, exchange reporting and compliance.
"Xpansion and TRG Screen have been partners for many years. Bringing Xpansion into the TRG Screen family is a very logical next step for both companies, given our strong relationship and shared view that the industry demand for integrated usage management solutions is going to continue to grow," said TRG Screen CEO Leigh Walters. "Xpansion is an established firm with excellent customer satisfaction and retention, and highly experienced and industry respected leadership. We are very excited at the opportunities this acquisition brings."
"We are thrilled to be joining TRG Screen," said Xpansion co-founder and CEO Amjad Zoghbi. "Reference data usage is one of the most complex aspects of market data management, and managing it correctly is essential to maintaining contractual compliance and ensuring clients are right-sizing their usage based on actual consumption and business need. I'm very pleased that Xpansion's customers, and team, will now be part of the best-of-breed solution with the industry's leading provider of market data management solutions."
The acquisition demonstrates TRG Screen's ongoing commitment to servicing the needs of market data consumers, vendors and exchanges. Financial terms of the transaction were not disclosed.
About TRG Screen
TRG Screen is the leading provider of enterprise subscription management solutions. Founded in 1998, TRG Screen is uniquely differentiated by its ability to monitor both spend and usage of data and information services including market data, research, software licenses, consulting and other corporate expenses. TRG Screen's solutions provide its customers with full transparency into their vendor relationships and their subscription spend and usage, enabling them to optimize their enterprise subscriptions. TRG acquired Priory Solutions in 2016, Screen Group in 2018, Axon Financial Systems in 2019, Market Data Insights in 2020, and Jordan & Jordan's Market Data Reporting (MDR) business in 2021 and with these acquisitions is now positioned as the global market leader in the financial, legal, and professional services markets. TRG Screen's product portfolio includes subscription spend, usage, enquiry and compliance solutions. For more information visit trgscreen.com. Follow TRG Screen on LinkedIn, @TRG Screen, and on Twitter, @trgscreen.
About Xpansion
Xpansion delivers next-generation reference data solutions that empower financial institutions to streamline their reference data operations, reduce costs, enhance data quality, and improve data discovery. With a focus on customer satisfaction, continuous innovation and quick time to value, Xpansion is a trusted partner for financial institutions in the buy- and sell-side as well as solution providers in the industry.
Read More
Cloud Storage
VNET Group, Inc | January 01, 2024
VNET Group, Inc. a leading carrier- and cloud-neutral internet data center services provider in China, announced that it has entered into a strategic cooperation agreement (the "Agreement") with Shandong Hi-Speed Holdings Group Limited ("SDHG," 00412.HK), an important overseas investment and financing as well as emerging industrial holding platform of Shandong Hi-Speed Group.
Pursuant to the Agreement, SDHG and VNET will leverage their respective resources and strengths to develop renewable energy projects in northern China. This partnership aims to jointly build low-carbon, secure and highly-efficient renewable energy system, aligning with the national strategy "East Data, West Computing." Furthermore, both parties will join hands to build innovative computing power network infrastructures encompassing data center, cloud computing and big data to promote the low-carbon and high-quality development of IDC services.
"We're confident of the synergy that SDHG and VNET are going to create through the partnership," said Mr. Josh Sheng Chen, Founder and Executive Chairman of VNET. "As VNET continues to execute its growth strategy and capitalize on the booming digital economy, the partnership with SDHG will help us to gain a wealth of resources in the infrastructure and renewable energy space. We look forward to collaborating with SDHG in a variety of green energy initiatives to advance toward our carbon neutrality targets and meet surging demand for supercomputing and digital transformation across a broader swath of society."
Jianbiao Zhu, Executive Director of SDHG, commented, "We are excited to explore more synergies with VNET to capture the evolving demand driven by AI, leveraging our strength in traditional infrastructure and VNET's capability in new infrastructure backed with its high-power density deployments. As VNET's largest strategic investor, SDHG is pleased to work with Josh and the management team, and leverage its domestic and overseas resources to support the ongoing expansion of VNET's core IDC business to scale up business for a sustainable growth."
About VNET
VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.
About Shandong Hi-Speed Holdings Group Limited
As a company listed in HKEX, Shandong Hi-Speed Holdings Group Limited ("SDHG") is an important overseas investment and financing as well as emerging industrial holding platform of Shandong Hi-Speed Group. Adhering to the concept of "conduct compliance prudentially, develop steadily and healthily" and leveraging on the unique advantages of Hong Kong international financial center in terms of market, financing, and talents, SDHG is committed to becoming an excellent industrial investment group with a foothold in Hong Kong, an international perspective and connection between domestic and overseas markets for achieving effective integration of resources.
Read More
Cloud Security
PR Newswire | January 03, 2024
SonicWall, a global cybersecurity leader, today announced the acquisition of Banyan Security, a leading provider of security service edge (SSE) solutions for the modern workforce. This acquisition strengthens SonicWall's portfolio by adding zero trust security relied on by leading fortune 100 companies to small businesses who are replacing legacy architectures for SSE solutions, including Zero Trust Network Access (ZTNA).
"Cybersecurity's focus is shifting to more dynamic solutions that can adapt to the ever-evolving landscape of threats in the cloud age," said SonicWall President and CEO Bob Vankirk. "For years, firewalls have been the cornerstone of cybersecurity defenses. However, with the rise of cloud computing and secure access service edge (SASE), the industry is shifting its focus to more comprehensive and flexible approaches that include SSE and ZTNA as a necessity. Together, SonicWall and Banyan Security will provide cloud-based secure access service edge (SASE) solutions that empower partners to deliver a security architecture for any stage of their customers' evolving cloud journey."
Banyan's technology further extends SonicWall's portfolio to the cloud and provides partners and their customers with more flexibility, which is key to the continued development of SonicWall's cybersecurity platform. The acquisition aligns with SonicWall's "best of suite" strategy — which includes network, endpoint, wireless, cloud email, and threat intelligence — under a single, multi-tenant portal. The platform also simplifies workflows and offers unified threat visibility, enabling service providers and end users to focus on what truly matters.
"For decades, SonicWall has played a pivotal role in supporting their partners by delivering leading cybersecurity solutions," said Joshua Skeens, CEO of Logically, a valued SonicWall partner. "They're now extending that to the cloud as the demand for cloud-first strategies is evident. As businesses embark on their cloud journey, they will require hybrid deployments which SonicWall is ideally positioned to provide, and we are excited to be working alongside SonicWall as we empower businesses to thrive in this new era."
With hybrid and remote employees working from their homes, virtual offices, and coffee shops, while accessing critical business applications across increasingly complex networks, a new set of challenges has emerged. To secure this ever-growing and interconnected access surface, organizations have been driven to adopt zero trust models to modernize security, often as a replacement for legacy architectures.
The announcement comes on the heels of SonicWall's acquisition of Solutions Granted, Inc. (SGI), which helped arm the channel with the latest managed detection and response services tailor-made for Managed Service Providers and Managed Security Service Providers.
About SonicWall
SonicWall is a cybersecurity forerunner with more than 30 years of expertise and is recognized as a leading partner-first company. With the ability to build, scale and manage security across the cloud, hybrid and traditional environments in real-time, SonicWall provides seamless protection against the most evasive cyberattacks across endless exposure points for increasingly remote, mobile and cloud-enabled users. With its own threat research center, SonicWall can quickly and economically provide purpose-built security solutions to enable any organization—enterprise, government agencies and SMBs—around the world.
About Banyan Security
Banyan Security provides secure, zero trust "work from anywhere" access to infrastructure and applications for employees, developers and third parties without relying on network-centric solutions like VPNs. Deep visibility provides actionable insight, while continuous authorization with device trust scoring and least privilege access, deliver the highest level of protection without sacrificing end-user productivity. Banyan Security protects tens of thousands of employees across multiple industries, including finance, healthcare, manufacturing and technology.
Read More