Cloud App Development, Cloud App Management, Cloud Deployment Models

Chronosphere Partners with Google Cloud to Accelerate Cloud Native Adoption

Chronosphere Partners with Google Cloud to Accelerate Cloud Native

Chronosphere, the leading cloud native observability platform, today announced a partnership with Google Cloud. As go-to-market partners, Chronosphere and Google Cloud will work together to help customers quickly resolve incidents while controlling costs associated with cloud native observability solutions. The multi-year agreement will support joint co-marketing and co-selling efforts through Google Cloud's Solution Connect program and Google Cloud Marketplace. As part of the partnership, the two companies will plan joint marketing campaigns, sales enablement and mutual customer success initiatives.

Chronosphere previously announced that its solution is available on Google Cloud Marketplace and runs much of its critical infrastructure on Google Cloud, using the service's global infrastructure to deliver secure and reliable services to hypergrowth customers. Now, customers can purchase Chronosphere as a bundled solution via Google Cloud Marketplace to streamline procurement.

The partnership brings together the best in cloud native services and cloud native observability. With the power of Google Cloud and Chronosphere, observability teams can transform their observability data based on the need, context, and utility, storing only the useful data to reduce cost and improve performance. With purpose-built solutions for a cloud native world, teams gain faster issue detection and resolution, up to 99.99% availability and open source compatibility–eliminating vendor lock-in.

"Chronosphere has proven that it can handle large volumes of data without interruption or extraordinary expense," said Ritika Suri, Director, Technology Partnerships at Google Cloud. "With its platform on Google Cloud's globally trusted infrastructure, Chronosphere can strengthen its ability to rapidly and reliably control observability data and costs while maintaining open source compatibility."

"Companies growing their online infrastructure risk huge hits to their bottom line if they don't also manage increased complexity and cost," said Martin Mao, co-founder of Chronosphere. "Our partnership with Google Cloud brings together the world's leading cloud services platform with our powerful observability solution to unlock the benefits of a cloud native world, while optimizing for efficiency, reliability, and cost."

"As a customer of both Google Cloud and Chronosphere, we're encouraged to see these two cloud native experts working together," said Kamran Tirdad, Head of Application Infrastructure at Snap, Inc. "Before we started working with Chronosphere, our observability solution was eating up our engineers' time and budget. Moving to a cloud native observability solution on top of renowned Google Cloud has brought us better insight and understanding into a world-class infrastructure for unparalleled performance as we evolve and scale."

This latest news adds momentum on top of recent Chronosphere success, including the company's $115 million in additional Series C funding, which included new investors Geodesic Capital and GV alongside existing investors Addition, Founders Fund, General Atlantic, Greylock, Glynn Capital, and Lux Capital. Chronosphere also recently announced that they were the recipient of several Comparably culture awards, and listed as one of CRN's "Cloud Computing Startup Companies To Watch In 2023."

About Chronosphere

Chronosphere is the only cloud native observability solution that helps teams quickly resolve incidents before they impact the customer experience and the bottom line. Trusted by innovative brands like DoorDash, Snap, and Zillow, Chronosphere provides the best return on their observability investment to improve customer satisfaction and increase competitive advantage.

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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.

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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.

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