Alibaba Cloud breaks $1.5bn in revenues amid hope of eCommerce migration encouragement

cloudcomputing-news.net | February 17, 2020

Alibaba Cloud breaks $1.5bn in revenues amid hope of eCommerce migration encouragement
Alibaba Cloud hit more than RMB10 billion (£1.18bn) in revenue in its most recent quarter, with revenues up 62% year over year.Total revenues for Alibaba were at RMB161.4bn (£17.7bn) for Q419, at a yearly growth of 38%, meaning Alibaba Cloud comprises 6.7% of the China-based retail giant’s overall revenues. Cloud revenues for Q2 and Q3 were at $1.13bn (£867m) and $1.3bn (£997m) respectively.On a wider scale, major focus was placed on the emerging coronavirus epidemic, with chairman and CEO Daniel Zhang admitting that it will ‘present near-term challenges’ to Alibaba, already having a ‘significant impact’ on China’s economy. “At the same time, we will see opportunities created by the forces of change, Zhang told analysts.
Perhaps the best showcase for Alibaba’s cloud infrastructure is the 11.11 one day shopping festival. Alibaba noted that its infrastructure was ‘scalable, reliable and secure’, handling almost $40 billion in transactions at more than 544,000 orders per second at its peak without disruption. Alongside this, Alibaba migrated its core eCommerce system to its public cloud. Zhang noted that the move should help ‘encourage others’ to adopt Alibaba Cloud for their infrastructure.Among recent highlights for the company was the launch of its Alink machine learning algorithm to GitHub in November, as well as joining the Confidential Computing Consortium, a Linux Foundation cloud and edge security initiative, in August. Other inaugural members include Google Cloud, IBM, and Microsoft.The company appears to be targeting media as an industry of interest. Last month, Alibaba Cloud was certified with the Trusted Partner Network (TPN) certification, an initiative between the Motion Picture Association (MPA) and the Content Delivery & Security Association (CDSA), touted as the first cloud provider to get such an award.

Spotlight

We discuss the importance and advantages of OpenStack.


Other News

Thank You to Pricefx Customers for a Successful First Quarter

Pricefx | May 05, 2019

Pricefx ended Q1 by gaining 10 more customers globally. Our customers’ support and trust in our vision for a fast, flexible and customer-centric solution is a reason why we continue to grow. We’ve released a timeline of some of our customers’ quotes and opinions of us throughout the year If you have been following us for a while, you will have seen that we closed our series B round of investments at the end of last year and had our most successful year to date. Thankfully, our upward momentum has continued by closing Q1 successfully with a growth that cannot be seen in other pricing companies. In numbers this means.

Read More

CLOUD APP DEVELOPMENT

Options Achieves VMware Cloud Verified Status in NY5

Options Technology | December 29, 2021

Options Technology, the leading Capital Markets services provider, backed by Abry Partners, announced the achievement of VMware Cloud Verified status in their East Coast NY5 data center. The accomplishment follows the VMware Cloud Provider Principal Partner Status awarded to the firm for their London facility earlier this year. The Cloud Verified designation indicates that a provider offers a complete VMware-based, software-defined data center infrastructure delivered as a service. VMware Cloud Verified partner services enable customers to achieve unmatched levels of consistency, performance, and interoperability for traditional and containerised enterprise applications with the confidence that the service received is based on the most advanced VMware cloud technologies. “By achieving VMware Cloud Verified status in NY5, we extend our best-in-class multi-Cloud platform to a second region. Alongside our recent achievement of VMware Cloud Principal Partner status in Europe, today’s achievement reiterates Options’ commitment to delivering industry-leading expertise in multi-Cloud services. We are excited to expand this offering further across the globe in the coming months.” Options’ President and CEO Danny Moore Today’s news comes as the latest in a series of strategic announcements for Options, including the acquisition of ACTIV Financial, a Fourth Microsoft Gold Partner Status, and an industry-first partnership with Code Willing. In 2019, Options received investment from Boston-based Private Equity Firm, Abry Partners. This investment has enabled Options to accelerate its growth strategy and develop its technology platform whilst expanding its global reach in key financial centres. About Options Options Technology is the No. 1 provider of IT infrastructure to global Capital Markets firms, supporting their operations and ecosystems. Founded in 1993, the firm began life as a hedge fund technology services provider. Today, the company provides high-performance managed trading infrastructure and cloud-enabled managed services to over 200 firms globally, providing an agile, scalable platform in an Investment Bank grade Cybersecurity wrapper. Options clients include the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges. With offices in 8 key cities; New York, Toronto, Chicago, London, Belfast, Hong Kong, Singapore and New Zealand, Options are well placed to service their customers both on-site and remotely. In 2019, Options secured a significant growth investment from Abry Partners, a Boston-based sector-focused private equity firm. This investment has enabled Options to considerably accelerate its growth strategy to invest further in its technology platform and expand its reach in key financial centres globally. Options has been named among the UK’s leading growth companies in the 2021, 2020, 2019, 2018 and 2017 Sunday Times HSBC International Track 200 league table. About Abry Partners Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $82 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds.

Read More

LoadSpring Continues to Expand Global Presence with New Japan Data Center

LoadSpring | September 18, 2018

LoadSpring Solutions, Inc., the market leader in providing Cloud-based Project Management Solutions, announces the opening of their newest world-class, Tier 3 data center in Japan. This new data center will join our other strategically located data centers around the world to help support our growing business in the Pacific/Asia region. With the growing demand for LoadSpring Solutions, Inc.’s Cloud-based solutions in the APAC region, this new data center reaffirms our commitment to safeguarding our customers’ data security and meeting the performance requirements of customers worldwide. These commitments are backed up by our legendary cloud computing infrastructure and support. Our customer base will also have even more disaster recovery options available locally along with flawless access to their LoadSpring Cloud Platform.

Read More

CLOUD APP DEVELOPMENT

Bullhorn Acquires Able to Deliver an Incredible Talent Experience For the Modern Worker

Bullhorn | January 12, 2022

Bullhorn®, the cloud computing company that helps staffing and recruiting organizations transform their businesses, announced that it has acquired Able, a longstanding Bullhorn Marketplace partner and the provider of market-leading candidate engagement and onboarding solutions. This acquisition is the latest major investment by Bullhorn in helping staffing agencies around the world to transform their businesses in an era of continued digitization. The combination of Able’s candidate engagement and onboarding solutions with Bullhorn enables agencies to efficiently meet complex onboarding requirements, reduce candidate drop-out, and get candidates on assignment faster, all while delivering an incredible candidate onboarding experience. The labor market is experiencing a shortage and trends including the ‘great resignation’ on the back of the global pandemic have created the perfect talent storm. In fact for 2022, Talent attraction has been identified as the top challenge for staffing firms in Bullhorn’s recent Global Recruitment Insights and Data (GRID) report. Compounding this challenge, the expectations of the modern worker have changed. These digital natives want flexibility, expect to interact on their terms, and look for a high-touch, high-tech experience in everything they do, and their expectations of Staffing Firms have shifted. Over 90% of talent surveyed in the annual GRID survey wished that the process of finding jobs was easier; 93% of freelance workers indicated the experience of working with online platforms is easier; and, over 50% had given up on a job as the process took too long. Ultimately, the staffing firms that will win in this new world of work are those who prioritize and have invested in developing and maintaining a future-focused candidate experience. Able is trusted by some of the largest staffing agencies in the world to streamline complex hiring workflows and compliance challenges. Able solutions are uniquely designed to simplify, improve, and automate the candidate journey as well as enabling recruiters to configure and automate entire onboarding workflows to the specific needs of each job while ensuring that data flows seamlessly between the systems that recruiters use the most. Able forms management capabilities allows agencies to seamlessly meet government, client, and agency compliance standards. By streamlining the onboarding process, Able clients maximize efficiency and onboard candidates significantly faster, all while freeing up time for recruiters. Additionally, Able offerings are purpose-built for staffing agencies using the Bullhorn platform. “We’re excited to continue to enhance our capabilities in delivering an incredible candidate experience with the acquisition of Able. The product is tightly integrated with Bullhorn, and we have close to 100 joint customers. Already, we’re improving the way we put the world to work everyday through a better talent experience, and we will further this investment with the addition of both Gerald Hetrick, CEO of Able, and Dustin Brewer, Chief Product Officer, who will join our leadership team focused specifically on this mission.” Matt Fischer, president and COO of Bullhorn “Since the very beginning, we have pioneered the way in making sure that every employee has a seamless experience starting a new job. We’re thrilled to be joining the Bullhorn team with whom we’ve worked for many years, have shared values in delivering an excellent customer experience and see enormous opportunity for growth globally,” said Gerald Hetrick, CEO of Able. “As companies face increased demand from the strong job market, our joint solution will help our customers deliver a more scalable onboarding experience, improving fill rates and increasing talent loyalty.” About Able Able allows recruiters to simplify and automate the onboarding processes that prevent new employees from getting to work, from the most straightforward to the diabolically complex, so they can do what they were hired to do sooner. We believe that no matter who someone is, what job they do, whether they’re temporary or permanent, every employee can and should be able to have a great first day. About Bullhorn Bullhorn is the global leader in software for the staffing industry. More than 10,000 companies rely on Bullhorn’s cloud-based platform to power their staffing processes from start to finish. Headquartered in Boston, with offices around the world, Bullhorn is founder-led and employs more than 1,300 people globally.

Read More