5 Cloud Stocks to Buy on the Coronavirus Dip

investorplace.com | April 01, 2020

The rapidly spreading novel coronavirus is causing financial markets across the globe to tumble. But, some stocks will actually “win” in response to the pandemic, because of shifts in consumer and enterprise behavior. As such, many of the “winners” will be cloud stocks.The thinking is pretty simple. Every student is now learning from home. Every employee if possible is now working from home. And every consumer is now shopping from home. That means every academic institution, every enterprise and every consumer-facing business needs to have a digital presence built on the cloud in order to survive. Demand for cloud computing technology should, therefore, accelerate over the next few quarters.As the analyst team over at Wedbush wrote in a note from last week With remote learning, work from home, and more applications and technology needing to be accessed during this lockdown, we emphasis the shift to cloud computing over the last few years is now the ‘hearts and lungs’ core technology and infrastructure enabling companies and governments globally to operate smoothly during this unprecedented stay at home period.

Spotlight

IT infrastructure teams with on-premises applications have to manage storage arrays throughout their never-ending lifecycle, including capacity planning guesswork, hardware failures, system migrations, and more. There are cloud-enabled alternatives to buying more and more storage arrays. With AWS Storage Gateway, you can start using Amazon S3, Amazon Glacier, and Amazon EBS in hybrid architectures with on-premises applications for storage, backup, disaster recovery, tiered storage, hybrid data lakes, and ML.


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CLOUD SECURITY

Sigmoid enables significant cost reduction on Google Cloud Platform for Reckitt

cloud | June 16, 2022

Sigmoid, a leading data engineering and AI solutions firm, partnered with Reckitt a multinational consumer goods company, in successfully concluding a global cloud optimization initiative. This engagement helped Reckitt to improve their data infrastructure on the cloud and enable analytics solutions across marketing and supply chain. With increasing data volumes and multiple business teams relying on access to high quality data, enhancing cloud performance was a strategic imperative for Reckitt. Unplanned spikes in cloud cost and the inability to predict monthly expenses necessitated the development of a solution that would provide 100% visibility of cloud usage at a granular level and ensure continued cost efficiency. "To have a clear view on cloud usage and continuity of key analytics initiatives, we partnered with Sigmoid. Their expertise in optimizing data infrastructure on multiple cloud platforms helped us leverage the best practices in monitoring, guard railing and optimization which brought down our cloud costs by more than 50% for all BAU projects in GCP," said Thomson Iruthayaraj, Global Lead Data Strategy and Operations - IT at Reckitt. Sigmoid's cloud optimization solutions and custom dashboards helped Reckitt gain visibility of estimated costs for planned projects and alerts for any fluctuations or anomalies in billing patterns. Reckitt also achieved improvement in query performance by 97% and cost saving by 54%. "We are happy to work with Reckitt in their cloud enablement and optimization. Our association with leading cloud service providers combined with our experience in data management enabled us to develop a highly cost efficient solution with real time monitoring and notification system that drives business critical use cases for Reckitt," Mayur Rustagi, Sigmoid's CTO and Co-Founder. With Reckitt operating a multi-cloud infrastructure, the engagement with Sigmoid has paved the way to further optimize cloud costs, reduce time to insights and deploy enterprise wide best practices to derive the maximum benefit from data residing on the cloud. About Sigmoid Sigmoid combines data engineering and AI consulting to help enterprises gain competitive advantage through effective data-driven decision making.Some of the world's largest data producers are engaging with Sigmoid to solve complex business problems. Sigmoid brings deep expertise in data engineering, marketing analytics, artificial intelligence, and DataOps.

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CLOUD APP DEVELOPMENT

IBM Takes on the 5G Era with Acquisition of Sentaca

IBM | February 02, 2022

IBM announced it has acquired Sentaca, a leading telco consulting services and solutions provider. The acquisition will accelerate IBM's hybrid cloud consulting business, adding critical skills to help communications service providers (CSPs) and media giants modernize on multiple cloud platforms, innovate, and transform their businesses. Headquartered in Boston, Massachusetts, Sentaca's team of highly experienced technology consultants across the U.S. and Canada build and migrate mission-critical applications on leading cloud service providers and open-source platforms like Red Hat OpenShift and OpenStack. Sentaca has supported digital transformation, next-generation networks and improved consumer experience for CSPs and media companies since its founding in 2008. Sentaca will join IBM Consulting's fast-growing Hybrid Cloud Services business to solve clients' strategic and technology challenges such as cost-of-ownership, monetization, scalable and secure architecture, and address opportunities including 5G, IoT and streaming that can accelerate the creation and delivery of new services. Sentaca's domain expertise, assets and client relationships will help IBM meet industry demand and strengthen its position as a prime systems integrator for the emerging network and 5G market. "Our goal is to help modern networks thrive in an open, hybrid cloud environment that will bring edge and 5G to life for enterprises and consumers. The proliferation of mobile devices, wireless connectivity, and new media platforms is driving convergence among telco, media, and entertainment, which makes our acquisition of Sentaca all the more valuable for our clients." John Granger, Senior Vice President, IBM Consulting Since Arvind Krishna became IBM CEO, the company has acquired more than 20 companies – 10 in Consulting alone – to bolster its hybrid cloud and AI capabilities. The announcement of the Sentaca acquisition follows several acquisitions by IBM of leading cloud consulting firms – Nordcloud, Taos, BoxBoat and SXiQ – in 2021, which significantly expanded IBM's multicloud transformation, management expertise and capabilities in Europe and North America. "Sentaca's deep knowledge and experience of telecom networks, coupled with our expertise in hybrid multi-cloud and automation services and solutions, is a perfect fit to compliment IBMs telco/5G strategy," said Phil O'Neill, CEO of Sentaca. "We are very excited to join the IBM team and to be in a position to access additional resources and platforms to deliver on even larger and more ambitious enterprise cloud transformation projects within the telco and media industry sector." 91% of high performing communications services providers surveyed by the IBM Institute for Business Value expect to outperform their current financial expectations in five years as a result of using 5G-enabled edge computing. 5G will allow CSPs to offer a range of tailored network experiences for use cases across industries. To innovate and modernize around 5G and edge, telcos are embracing a hybrid cloud future which is expected to grow into an estimated $50 billion annual cloud professional services market1 by 2025. IBM has long been trusted by the world's leading CSPs to guide them through major technology inflection points, helping clients co-create unique solutions while supporting them on their network transformation journeys and enabling new revenue streams that deliver value to consumer and enterprise clients. Today, more than 80% of the world's largest telcos work with IBM, and more than 140 telcos are served by IBM and Red Hat.

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Kontrol Technologies Enters Quebec Demand Response Energy Market

Kontrol Technologies Corp. | December 23, 2021

Kontrol Technologies Corp. a leader in smart buildings and cities through IoT, Cloud and SaaS technologies, is entering the Quebec demand response energy market for commercial and multi-residential buildings. The Company will leverage its SmartSuite technology to supply a best-in-class demand response management solution. “The demand response markets are growing rapidly across North America due to advancement of smart technologies, which utilities are increasingly leveraging for operating efficiency and resource allocation. Kontrol is offering a top tier solution through our SmartSuite technology, which has the ability to communicate with local utilities and either reduce power consumption or shut off power demand at the building and suite level, and seamlessly integrate into utilities’ grid management framework. We look forward to serving customers in the Quebec market in the near term, helping to facilitate utility grid optimization, energy conservation and greenhouse gas emission reduction.” Paul Ghezzi, CEO of Kontrol Technologies SmartSuite Demand Response Using Kontrol’s propriety Cloud and energy control system, the Company can integrate its SmartSuite solution with utilities that operate demand response programs through the use of APIs. Most demand response programs provide customer incentives that correlate to kilowatt hours of energy saved. Such incentives can reduce initial capital investment and accelerate adoption of energy savings technologies. Through its operating subsidiary, Hilo, Hydro Québec offers a demand response program which encourages buildings to participate in reducing energy consumption in peak demand periods. Demand Response Market Size in North America The Global Smart Demand Response Market size is predicted to reach USD 75.53 billion by 2030 with a CAGR of 14.2% from 2020-2030, according to Next Move Strategy Consulting. North America is anticipated to grow with the highest CAGR, attributable to factors including enhanced developments in smart technologies, high R&D investments, and high consumer awareness. According to Technavio, 59% of growth during the period from 2021-2025 is expected to originate from North America. Kontrol Technologies Corp. Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.

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CLOUD APP DEVELOPMENT

Otava Announces Enhanced Partner Program to Optimize Cloud Services Experience

Otava | April 20, 2021

Partner Program Includes New Portal, Dedicated Support Resources, and Low Price Commitment to Make Selling and Managing Complex, Compliant, and Customizable Cloud Solutions Easy April 20, 2021, Ann Arbor, Mich. — Otava, a global leader in secure and compliant hybrid cloud solutions, today announced significant enhancements to its Partner Program including a new partner portal featuring deal registration and management, 150 co-brandable enablement tools, dedicated marketing campaign assistance and trainers, plus a commitment that Otava will not let Partners lose on price for like deals. The new benefits complement Otava’s existing white label and wholesale program which allows partners to utilize their company name instead of Otava’s and control pricing margin and 1st call operational support. The advancements are designed to make it easy for service providers to deliver and manage compliant and customizable cloud, data protection, security, and colocation solutions to their customers. “We white label Otava’s cloud solutions as our own which gives us the ability to maintain the full control we need to be successful with our clients,” said Greg Fielding, Director of Professional Services for MyITpros. “Otava’s partner flexibility, dedicated training, sales, and marketing support are invaluable as we continue to grow our business.” As the Otava partner ecosystem continues to expand, new partners are onboarded to the program by a dedicated success advocate who will help create a customized success plan. Additionally, product training and orientation to Otava’s Partner Portal, a valuable repository for tools, training, and promotions is provided. Otava resources, including sales and solutions architects, serve as extensions of its partners’ teams to help drive success and make it easier to develop and close deals. The entire partner lifecycle is designed to create long-term service provider relationships that support the advancement of business objectives through the benefits of cloud services. “We are proud to roll out the latest advancements to our program because our unique approach makes it significantly easier for our partners to be successful,” said Brad Cheedle, CEO, Otava. “Otava’s flexible options allow service providers to build, preserve, and control their client relationships, eliminating the risk of customers going direct to other vendors for service and support. Additionally, we pride ourselves in providing hands-on consultative engagement with our experts every step of the way to ensure success in selling, training, and supporting cloud solutions, areas where other providers are notoriously absent. Ultimately this means higher margins, faster growth and better client relationships for our partners.” Key features of the program include: Enhanced white-label and wholesale options: The entire Otava portfolio is available to partners to sell and service under their own corporate brands. Partners maintain and control full client relationships with zero-conflict. Expert resources for consultation and live support: Dedicated sales professionals, solutions architects, marketing staff and training resources, act as an extension of partner organizations to provide support and ensure success. Low price commitment: To accelerate partners’ client growth, Otava is eliminating price from the decision-making process by beating quotes on comparable solutions. Partner portal for centralized access to sales and training materials: Serves as a single pane of glass for every partner need, including co-branded content to help partners learn, sell and educate prospects. Houses deal registration and protection, funding requests, enablement resources and private storage for critical documents. Access to valuable partner ecosystem: Partners connect with a community that drives mutual growth through a variety of means ranging from referrals and affiliate programs to joint promotions and lead generation. Leading cloud platform: Successful track record and 27-year history make Otava the market leader in compliant and fully customizable cloud solutions. Hybrid cloud, colocation, security, disaster recovery and backup solutions are available worldwide with guaranteed 100% uptime and flexible support and usage models. Partners benefit from Otava’s HIPAA, HITRUST, PCI-DSS, ISO 27001 and SOC 1,2 & 3 certifications that apply to cloud solutions and data centers. Otava is consistently recognized in the industry as a leading cloud provider for the service provider community. Within the past year, the company has been recognized as a strong performer in the Forrester Wave™: Hosted Private Cloud Services, North America, Q2 2020 and named to the CRN MSP 500/Elite 150, CRN Solution Provider 500 and CRN Fast Growth 150 lists as well the Channel Futures MSP 501 ranking. “Our partner-first approach coupled with the financial strength and longevity of our rock-solid parent company that has been family owned and operated since 1872, makes Otava like no other. We believe that Otava represents one of the soundest cloud investments a service provider could make,” concluded Cheedle. About Otava Otava provides secure, compliant hybrid cloud solutions for service providers, channel partners and enterprise clients. By actively aggregating best-of-breed cloud companies and investing in people, tools, and processes, Otava’s global footprint continues to expand. The company provides its customers with a clear path to transformation through its highly effective solutions and broad portfolio of hybrid cloud, data protection, disaster recovery, security and colocation services, all championed by its exceptional support team. Otava Media Contact: Christy Kemp Phone: 303-898-3390 ckemp@dahliapr.com

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Spotlight

IT infrastructure teams with on-premises applications have to manage storage arrays throughout their never-ending lifecycle, including capacity planning guesswork, hardware failures, system migrations, and more. There are cloud-enabled alternatives to buying more and more storage arrays. With AWS Storage Gateway, you can start using Amazon S3, Amazon Glacier, and Amazon EBS in hybrid architectures with on-premises applications for storage, backup, disaster recovery, tiered storage, hybrid data lakes, and ML.

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