Strategize Your Cloud Migration and Attain Digital Presence

Cloud Migration
In the post-Covid-19 era, businesses across the world are going through rapid reformations. Now, digitization is the first and the foremost aim for every business to scale, achieve success and stay ahead in the competition. Transforming to obtain a digital presence is crucial for businesses to expand and gain market attention. Cloud migration is one of the effective ways to accelerate digital transformation. 

Cloud computing is a disruptive technology that provides innovating and increasing business process efficiency and effectiveness. Further, moving to the cloud makes resource sharing seamless, boosts the agility of your business ecosystem, and scales computation and storage capacity as per the demand spikes. As a metered service, the cloud also helps to control initial capital investments. This article explains cloud migration, its different tactics, and how industry leaders are implementing cloud migration to embrace digital transformation.

According to IDC, digitally transformed organizations are estimated to contribute more than half of the global GDP by 2023, valued at $53.3 trillion approximately. When a business transforms digitally, it enhances its proficiency, increases customer value, manages risk efficiently, and explores innovative scopes for revenue generation. 

“Cloud computing is the third wave of the digital revolution.”

Lowell McAdam, CEO of Verizon


There are two ways you can adopt cloud for your business- cloud migration and modernization of applications.

Cloud Migration: A Significant Method to Fortify Digital Transformation

According to Flexera, 94% of the enterprises are using cloud services by now.  Cloud and digital transformation are correlated to each other. Migrating to the cloud from legacy infrastructure helps reform your business and opens the avenue towards seamless digital transformation. It brings in innovation and agility to attract market attention.

Cloud Migration is the process that shifts the workloads, data, and other applications from an on-premise server to the cloud server. It is also termed the "lift and shift" process, which moves explicit workloads and applications to the cloud server. This move leverages the cloud features such as automatic scaling, enhanced efficiency, prompt responsiveness, agile performance, robust security, storage, quick computation, and networking.

Vital Tactics for an Effective Cloud Migration

According to research conducted by Multisoft, primarily within start-ups and SMBs, the advantages of cloud computing are instantaneous. Moreover, 80% of the surveyed companies report process enhancements within the first few months of adopting the cloud.

An effective migration strategy is the best way to enable business growth. It also empowers to stay aligned with the digitalization objectives. As a result, businesses are driven towards implementing their migration plan from on-premise to the cloud. The migration strategy is influenced by business vision, goals, and interests. According to Markets and Markets, the cloud migration services market is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.5% by 2022. To carry out a successful cloud migration efficiently and effectively, here are some crucial steps you can consider for an effective shift to the cloud.

Knowing Your Goal

It is critical to have a clear idea about your business goal before making your migration plan. Identifying the goal of shifting to the cloud is about the technology and the upliftment of the organization. Earlier, business and the supporting IT services used to work separately. But now, IT services and businesses work collaboratively because every business needs technical fortification. Otherwise, it would not be able to survive the competition. Adopting cloud platforms is one of the effective ways to leverage the technology for your organization. In addition, it allows you to scale your efficiency by using tailored services automatically.

Strategizing the Shift

Before reaping the benefits of cloud migration, it is crucial to plan out the shift. First, you should identify what you need to move. Determining the cloud-readiness of your current infrastructure and application is crucial. Next, consider the foundation metrics of your infrastructure to align workloads to your assets and applications. It will help you establish key performance indicators (KPIs) for migration, such as time for loading a page, response times, availability of the resources, CPU utilization, memory usage, and conversion rates. Strategizing your migration process has to be well-planned in a way that prioritizes your business objectives and considers the cost analysis pre and post shift.

Selecting the Right Migration Strategy

According to Unisys, one in three cloud migrations remains unsuccessful globally because the cloud is not a part of the core business strategy and is not planned correctly. Therefore, selecting the right migration strategy is one of the integral steps to attain business transformation. The 6Rs of migration strategy are- Rehosting, Replatforming, Repurchasing, Refactoring, Retiring, and Retaining. One of the critical reasons for a successful migration is to identify whether the applications that are supposed to be migrated are ready to perform and produce desired business value in the new environment. If not, then the migration can’t be considered a success.

Choosing the Ideal Platform

Digital transformation and cloud go hand-in-hand. It simply means cloud computing has become the basic foundation of the technologies that enable digital transformation. As a result, based on your business requirement, you need to identify, select, and set the right cloud platform for your business. You need to decide if public, private, hybrid, or multi-cloud environments are the right course of action for your needs. Further, deciding amongst eminent cloud vendors for your organization, such as Microsoft Azure, AWS, and Google Cloud Platform, is an integral step for a successful migration.

Making your Cloud Infrastructure Ready for the Shift

Once you decide on a specific platform for the migration, you need to make it ready to host the on-prem applications. Also, decide and select the suitable applications and cloud services for the new cloud platform. The major cloud services providers offer a wide range of choices that is close to the on-premises offerings. Further, some third-party service providers offer an amalgamation of on-premises and multi-cloud platforms, such as Databricks and Snowflake on AWS and Azure. The cloud platform and services you opt for will also decide the amount of code revision required to make the applications cloud-ready.

Emphasizing on Cloud Governance

Governance defines process, policy, and criteria for effective decision-making. It also helps to measure success, track milestone planning, and scope management. For successful mass application transformation to the cloud, defining a governance model will help to cover security, financial, performance, collaboration, and communication.

Defining Cloud KPI’s

While you strategize the migration plan of your business to the cloud, defining Key Performance Indicators (KPIs) helps you measure how the applications are performing against your expectations. It is crucial to understand that whether your pre-defined KPIs are accurate in the cloud environment. The best KPIs for a cloud migration reflect your migration status and identify any problems within your application. Further, it is ideal if your KPIs help you determine whether the migration is complete and successful.

Maintaining Security During Data Transfer

Understanding your organization's current security requirements, analyzing gaps, and establishing cloud security best practices leverages security controls offered by cloud providers and improves the security scenario based on application requirements. Aligning security with Cloud Controls Matrix (CCM) framework provides essential security principles to control the overall security risks on a cloud platform and service model. It strengthens information security control, identifies consistent security threats and vulnerabilities in the cloud, and provides means to reduce it with standardized security and operational risk management.

Implementing the Movement

Once you follow all the steps meticulously, you’re ready for the shift. However, your migration tactics would depend on the complexity of your applications and infrastructure. Your strategy must also include the risk assessment that can arise due to operational disruption. However, the primary focus should be implementing the migration quickly with reduced cost and utilizing the benefits of cloud migration. To achieve it, you can shift your entire application and analyze how it functions. Otherwise, you can take a more granular approach by moving gradually until the entire application moves to the cloud.

How Spotify Moved to GCP to Become the Best Music Service in the World?

We all know about Spotify. Right? Spotify was founded in 2008, and today, it is the most significant market driver of the musical industry. Earlier, Spotify used legacy data centers to host their storage and infrastructure. However, the scaling requirements, and the growing competition of the audio streaming market, motivated Spotify to plan their cloud migration in 2016 to Google Cloud Platform (GCP). As a result, it migrated 1200 online services and data processing DAGs (directed acyclic graphs) and 20,000 tracks.

The three primary reasons for Spotify to migrate to GCP were to get instant and unlimited scaling facilities, work in collaboration, efficient problem-solving capacity, and innovative tools for big data processing.

The three primary reasons for Spotify to migrate to GCP were to get instant and unlimited scaling facilities, work in collaboration, efficient problem-solving capacity, and innovative tools for big data processing.

It was vital for Spotify to have a responsive product, which delivers customer satisfaction with advanced tools and features like recommendation, music discovery, and connecting people. Further, it also helps find new songs and podcasts and helps artists connect with fans and team up.

Today, Spotify has leveraged the role of cloud migration in digital transformation and has become the most popular global audio streaming service with 248m users, including 113m subscribers, across 79 markets. It is one of the key competitors of the music industry. 

Final Thoughts

A cloud migration strategy needs t vigilant planning, assessment, and resourcing because there are a lot of dependencies on a migration process. However, a study by McAfee revealed that 97% of the businesses surveyed confirmed using a cloud service in their daily operation. ,Therefore, business leaders will have to fundamentally develop a formal strategy to put individual cloud decisions to obtain enterprise’s strategic goals. Most importantly, it would be best to secure your business and operations from the very beginning to meet the business objectives. If your migration strategy ensures the security of the data and resources and leverages cutting-edge cloud computing technologies, then it is ideal to attain cloud digital transformation.  

Frequently Asked Questions


What is a Cloud Migration Plan?

A cloud migration plan is an organization's strategy to move its data and applications from on-premises architecture to the cloud. Unfortunately, not all workloads are cloud-ready nor can benefit from running on the cloud infrastructure, so it is crucial to plan out the most efficient way to select and migrate applications to the cloud.


What is the Right Time for Cloud Migration?

The perfect time to plan the movement to the cloud is whenever your legacy data center needs renewal, ideally when your hardware is three or more years old. The simple reason is that you can utilize the cost in cloud migration and get more benefits than replacing the hardware in your legacy data center. 


Can Cloud Migration Help in Digital Transformation?

Cloud migration allows organizations to scale infrastructure capacities as needed to support changing business requirements. Further, it optimizes resource utilization and allows easy access to data from any location. It also helps in global expansion, with increased efficiency and improved decision-making powered by digital transformation.

Spotlight

Caveonix

Caveonix Cloud is the industry's only integrated platform built to keep hybrid multicloud environments secure and compliant from development through runtime.

OTHER ARTICLES
Cloud Deployment Models, Cloud Storage

What Is Cloud-Native and Why Does it Matter for CI

Article | February 27, 2024

Continuous intelligence (CI) relies on the real-time analysis of streaming data to produce actionable insights in milliseconds to seconds. Such capabilities have applications throughout a business. In today’s dynamic marketplace, new CI applications that use data from various sources at any given time might be needed on very short notice.The challenge is how to have the flexibility to rapidly develop and deploy new CI applications to meet fast-changing business requirements. A common approach employed today is to use a dynamic architecture that delivers access to data, processing power, and analytics capabilities on demand. In the future, solutions also will likely incorporate artificial intelligence applications to complement the benefits of traditional analytics. Increasingly, cloud-native is the architecture of choice to build and deploy AI-embedded CI applications. A cloud-native approach offers benefits to both the business and developers. Cloud-native applications or services are loosely coupled with explicitly described dependencies.

Read More
Cloud App Development, Cloud Deployment Models, Cloud Security

Why Microsoft Should Spinoff Its Cloud Business

Article | June 29, 2023

Microsoft currently features old-school solutions that are growing relatively slowly (Office and Windows) and new cloud solutions that are growing tremendously (Dynamics 365 and Azure). If the company stays in its current form, Microsoft stock will keep steadily advancing. But because the company’s total top and bottom lines are never going to increase much more than 30% or 35% per year, the shares are never going to deliver truly huge returns. But that would change if the company was to spin off its rapidly growing cloud businesses. In such a scenario, the current owners of Microsoft stock would receive shares in a cutting edge cloud services company (let’s call it Azure), and shares in a company focused on providing old, mostly PC-based software to businesses and consumers.

Read More
Cloud App Management

Intelligence Giant Upgrading its Cloud Technology

Article | February 15, 2024

With the huge amounts of data in all fields, a future in the cloud is imperative to help deal with this explosion of data, especially in the field of intelligence technology. This is the reason why the US Central Intelligence Agency is updating its cloud technology. The agency has recently released a draft request for proposal for its Commercial Cloud Enterprise contract.The C2E tens of billions contract will be a multi-award commercial cloud computing contract with a five-year base period and two five-year options for a period of performance of up to 15 years, according to nextgov.com.In a March 2019 presentation by the Directorate of Digital Innovation, a division of the CIA, the department outlined its vision for C2E. It would be broad and include infrastructure, platform and software cloud services supporting a broad range of users, with a variety of security clearances and a worldwide presence, as reported by techcrunch.com. The principal C2E Program objective is to acquire cloud computing services directly from commercial cloud service providers with established records for innovation and operational excellence in cloud service delivery for a large customer base,the department stated in the presentation.Apparently, the agency prefers to avoid all the attention that the Pentagon’s JEDI cloud procurement process got, and quietly go about its business.

Read More

AWS tags US$235 million to expand its cloud infrastructure in Latin America

Article | February 10, 2020

Amazon Web Services (AWS) is raising its stake on cloud computing infrastructure in Latin America. Proof of this is that the IT company will use R$1 billion (around US$235 million) to expand its data center in Sao Paulo. These millions will be used for its Data Processing Center located in that part of Brazil. In addition, a portion of these US$235 million will also be used to increase the services it offers to both public and private parties.The move gives reason to suggest that AWS is upping the ante in the future of startups and tech in the region that rely on cloud services to develop their own products.It launched its cloud center in Brazil in 2011 but it’ll be getting some beefing up thanks to these funds. Moreover, AWS has two Edge networks in São Paulo and two in Rio de Janeiro. As well as one in each of the following cities: Bogotá (Colombia), Buenos Aires (Argentina), and Santiago (Chile).The objective of all of this is to be the region’s prime provider of cloud infrastructure and beat out its competition AKA, Google Cloud Platform and Microsoft’s Azure.

Read More

Spotlight

Caveonix

Caveonix Cloud is the industry's only integrated platform built to keep hybrid multicloud environments secure and compliant from development through runtime.

Related News

Cloud Infrastructure Management

The Manufacturing Sector Experiences More Attacks in the Cloud than Any Other Industry

PR Newswire: | January 19, 2024

Netwrix, a cybersecurity vendor that makes data security easy, today revealed additional findings for the manufacturing sector from its survey of 1,610 IT and security professionals across more than 100 countries. According to the survey, 64% of companies in the manufacturing sector suffered a cyberattack during the preceding 12 months, which is similar to the finding among organizations overall (68%). However, it turned out that the manufacturing sector experiences more cloud infrastructure attacks than any other industry surveyed. Among manufacturing companies that detected an attack, 85% spotted phishing in the cloud compared to only 58% across all verticals; 43% faced user account compromise in the cloud as opposed to 27% among all industries; and 25% dealt with data theft by hackers in the cloud compared to 15% for organizations overall. "The manufacturing sector relies heavily on the cloud to work with their supply chain in real time. This makes their cloud infrastructure a lucrative target for attackers — infiltrating it enables them to move laterally and potentially compromise other linked organizations, as happened to one the world's top meat processing companies. Credential compromise or malware deployed via a phishing email is just the beginning of the attack," says Dirk Schrader, VP of Security Research at Netwrix. "The attack surface in the cloud is always expanding, so it's critical for manufacturing companies to adopt a defense-in-depth approach," adds Ilia Sotnikov, Security Strategist at Netwrix. "First, they must rigorously enforce the principle of least privilege to limit access to sensitive data, which ideally includes just-in-time access to eliminate unnecessary entry points for adversaries. They also need to gain deep visibility into when and how critical data in the cloud is being used so that IT teams can promptly spot potential threats. Finally, they need to be prepared to minimize the damage from incidents by having a comprehensive response strategy that is regularly exercised and updated." To learn more about security trends, check out the complete 2023 Hybrid Security Trends Report. About Netwrix Netwrix makes data security easy. Since 2006, Netwrix solutions have been simplifying the lives of security professionals by enabling them to identify and protect sensitive data to reduce the risk of a breach, and to detect, respond to and recover from attacks, limiting their impact. More than 13,500 organizations worldwide rely on Netwrix solutions to strengthen their security and compliance posture across all three primary attack vectors: data, identity and infrastructure.

Read More

Cloud Storage

TRG Screen Announces Acquisition of Xpansion for Reference Data Usage Management

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 App Management

DriveNets and Acacia Announce Joint Network Cloud 400G ZR/ZR+ Solution

PR Newswire | January 16, 2024

DriveNets – a leader in innovative networking solutions – and Acacia today announced the completion of integrating multiple Acacia 400G ZR/ZR+ optical modules with DriveNets' Network Cloud platform. The combined DriveNets-Acacia solution will ensure quick adoption of this innovative disaggregated networking solution and accelerate large-scale network rollouts. DriveNets and Acacia have joint Tier-1 operator customers who will deploy the joint solution. Last September, DriveNets announced that Network Cloud was the first Disaggregated Distributed Chassis/Backbone Router (DDC/DDBR) to support ZR/ZR+ optics as native transceivers that can be inserted into any Network Cloud-supported white boxes. The combined Acacia-DriveNets solution announced today adds the initial collaboration between the companies, offering several benefits: The joint solution will deliver significant simplicity and cost savings by collapsing Layer-1 to Layer-3 communications into a single platform. The use of 400ZR/ZR+ eliminates the need for standalone optical transponders, lowering the number of boxes in the solution, and reducing operational-overhead, floor-space, and power. DriveNets and Acacia worked together to ensure that the DriveNets NOS (DNOS) supports the 400ZR/ZR+ modules beyond simply plugging them into the box. The collaboration ensures the 400ZR/ZR+ modules can be tunable, configurable, and manageable by DriveNets Network Cloud software. This integration also goes beyond interoperability validation. DriveNets Network Cloud offers full software support for the Acacia modules, including configuration (channel and power), monitoring, and troubleshooting for Acacia Bright 400ZR+ transceivers with transmit power greater than +1dBm. "Today's announcement is further proof of the growth of disaggregated networking solutions and demonstrates that more operators are looking for open solutions that will allow them to mix elements from multiple vendors and avoid being locked to a specific end-to-end vendor solution," said Nir Gasko, Vice President, Global Strategic Alliances for DriveNets. "By collaborating with Acacia, we enable our joint customers to quickly adopt cutting-edge technologies and evolve their networks faster." "Partnering with DriveNets on this joint solution will allow network operators to deploy Acacia's high-volume standard-based coherent pluggable portfolio in open disaggregated networks with less effort," said Fenghai Liu, Senior Director of Product Line Management for Acacia. "Through this collaboration customers can achieve significant capex and opex savings with router-based coherent optics." DriveNets Network Cloud is being adopted by more Tier-1 operators around the world. By partnering with world-class providers like Acacia, the company continues to expand its ecosystem to support its customers' desire to mix-and-match hardware and software from multiple vendors. Learn more about DriveNets here. About DriveNets DriveNets is a leader in high-scale disaggregated networking solutions. Founded in 2015, DriveNets modernizes the way service providers, cloud providers and hyperscalers build networks, streamlining network operations, increasing network performance at scale, and improving their economic model. DriveNets' solutions – Network Cloud and Network Cloud-AI – adapt the architectural model of hyperscale cloud to telco-grade networking and support any network use case – from core-to-edge to AI networking – over a shared physical infrastructure of standard white-boxes, radically simplifying the network's operations and offering telco-scale performance and reliability with hyperscale elasticity. DriveNets' solutions are currently deployed in the world's largest networks.

Read More

Cloud Infrastructure Management

The Manufacturing Sector Experiences More Attacks in the Cloud than Any Other Industry

PR Newswire: | January 19, 2024

Netwrix, a cybersecurity vendor that makes data security easy, today revealed additional findings for the manufacturing sector from its survey of 1,610 IT and security professionals across more than 100 countries. According to the survey, 64% of companies in the manufacturing sector suffered a cyberattack during the preceding 12 months, which is similar to the finding among organizations overall (68%). However, it turned out that the manufacturing sector experiences more cloud infrastructure attacks than any other industry surveyed. Among manufacturing companies that detected an attack, 85% spotted phishing in the cloud compared to only 58% across all verticals; 43% faced user account compromise in the cloud as opposed to 27% among all industries; and 25% dealt with data theft by hackers in the cloud compared to 15% for organizations overall. "The manufacturing sector relies heavily on the cloud to work with their supply chain in real time. This makes their cloud infrastructure a lucrative target for attackers — infiltrating it enables them to move laterally and potentially compromise other linked organizations, as happened to one the world's top meat processing companies. Credential compromise or malware deployed via a phishing email is just the beginning of the attack," says Dirk Schrader, VP of Security Research at Netwrix. "The attack surface in the cloud is always expanding, so it's critical for manufacturing companies to adopt a defense-in-depth approach," adds Ilia Sotnikov, Security Strategist at Netwrix. "First, they must rigorously enforce the principle of least privilege to limit access to sensitive data, which ideally includes just-in-time access to eliminate unnecessary entry points for adversaries. They also need to gain deep visibility into when and how critical data in the cloud is being used so that IT teams can promptly spot potential threats. Finally, they need to be prepared to minimize the damage from incidents by having a comprehensive response strategy that is regularly exercised and updated." To learn more about security trends, check out the complete 2023 Hybrid Security Trends Report. About Netwrix Netwrix makes data security easy. Since 2006, Netwrix solutions have been simplifying the lives of security professionals by enabling them to identify and protect sensitive data to reduce the risk of a breach, and to detect, respond to and recover from attacks, limiting their impact. More than 13,500 organizations worldwide rely on Netwrix solutions to strengthen their security and compliance posture across all three primary attack vectors: data, identity and infrastructure.

Read More

Cloud Storage

TRG Screen Announces Acquisition of Xpansion for Reference Data Usage Management

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 App Management

DriveNets and Acacia Announce Joint Network Cloud 400G ZR/ZR+ Solution

PR Newswire | January 16, 2024

DriveNets – a leader in innovative networking solutions – and Acacia today announced the completion of integrating multiple Acacia 400G ZR/ZR+ optical modules with DriveNets' Network Cloud platform. The combined DriveNets-Acacia solution will ensure quick adoption of this innovative disaggregated networking solution and accelerate large-scale network rollouts. DriveNets and Acacia have joint Tier-1 operator customers who will deploy the joint solution. Last September, DriveNets announced that Network Cloud was the first Disaggregated Distributed Chassis/Backbone Router (DDC/DDBR) to support ZR/ZR+ optics as native transceivers that can be inserted into any Network Cloud-supported white boxes. The combined Acacia-DriveNets solution announced today adds the initial collaboration between the companies, offering several benefits: The joint solution will deliver significant simplicity and cost savings by collapsing Layer-1 to Layer-3 communications into a single platform. The use of 400ZR/ZR+ eliminates the need for standalone optical transponders, lowering the number of boxes in the solution, and reducing operational-overhead, floor-space, and power. DriveNets and Acacia worked together to ensure that the DriveNets NOS (DNOS) supports the 400ZR/ZR+ modules beyond simply plugging them into the box. The collaboration ensures the 400ZR/ZR+ modules can be tunable, configurable, and manageable by DriveNets Network Cloud software. This integration also goes beyond interoperability validation. DriveNets Network Cloud offers full software support for the Acacia modules, including configuration (channel and power), monitoring, and troubleshooting for Acacia Bright 400ZR+ transceivers with transmit power greater than +1dBm. "Today's announcement is further proof of the growth of disaggregated networking solutions and demonstrates that more operators are looking for open solutions that will allow them to mix elements from multiple vendors and avoid being locked to a specific end-to-end vendor solution," said Nir Gasko, Vice President, Global Strategic Alliances for DriveNets. "By collaborating with Acacia, we enable our joint customers to quickly adopt cutting-edge technologies and evolve their networks faster." "Partnering with DriveNets on this joint solution will allow network operators to deploy Acacia's high-volume standard-based coherent pluggable portfolio in open disaggregated networks with less effort," said Fenghai Liu, Senior Director of Product Line Management for Acacia. "Through this collaboration customers can achieve significant capex and opex savings with router-based coherent optics." DriveNets Network Cloud is being adopted by more Tier-1 operators around the world. By partnering with world-class providers like Acacia, the company continues to expand its ecosystem to support its customers' desire to mix-and-match hardware and software from multiple vendors. Learn more about DriveNets here. About DriveNets DriveNets is a leader in high-scale disaggregated networking solutions. Founded in 2015, DriveNets modernizes the way service providers, cloud providers and hyperscalers build networks, streamlining network operations, increasing network performance at scale, and improving their economic model. DriveNets' solutions – Network Cloud and Network Cloud-AI – adapt the architectural model of hyperscale cloud to telco-grade networking and support any network use case – from core-to-edge to AI networking – over a shared physical infrastructure of standard white-boxes, radically simplifying the network's operations and offering telco-scale performance and reliability with hyperscale elasticity. DriveNets' solutions are currently deployed in the world's largest networks.

Read More

Events