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Databricks and Google Cloud Announces New Partnership

Google Cloud, Databricks | February 19, 2021

Databricks and Google Cloud today declared another association that will bring to Databricks clients a profound combination with Google's BigQuery stage and Google Kubernetes Engine. This will permit Databricks' clients to bring their data lakes and the service’s analytics capabilities to Google Cloud.

Databricks as of now include profound incorporation with Microsoft Azure — one that works out in a good way past this new organization with Google Cloud — and the organization is likewise an AWS accomplice. By adding Google Cloud to this rundown, the organization would now be able to profess to be the "solitary brought together information stage accessible across every one of the three clouds (Google, AWS and Azure)."

It’s worth stressing, though, that Databricks’ Azure integration is a bit of a different deal from this new partnership with Google Cloud. “Azure Databricks is a first-party Microsoft Azure service that is sold and supported directly by Microsoft. The first-party service is unique to our Microsoft partnership. Customers on Google Cloud will purchase directly from Databricks through the Google Cloud Marketplace,” a company spokesperson told me. That makes it a bit more of a run-of-the-mill partnership compared to the Microsoft deal, but that doesn’t mean the two companies aren’t just as excited about it.

“We’re delighted to deliver Databricks’ lakehouse for AI and ML-driven analytics on Google Cloud,” said Google Cloud CEO Thomas Kurian (or, more likely, one of the company’s many PR specialists who likely wrote and re-wrote this for him a few times before it got approved). “By combining Databricks’ capabilities in data engineering and analytics with Google Cloud’s global, secure network—and our expertise in analytics and delivering containerized applications—we can help companies transform their businesses through the power of data.”

About Databricks
As the leader in Unified Data Analytics, Databricks helps organizations make all their data ready for analytics, empower data science and data-driven decisions across the organization, and rapidly adopt machine learning to outpace the competition. By providing data teams with the ability to process massive amounts of data in the Cloud and power AI with that data, Databricks helps organizations innovate faster and tackle challenges like treating chronic disease through faster drug discovery, improving energy efficiency, and protecting financial markets.

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Learners experience difficulties because even if vocabulary has been learned well, the words have been learned as individual units (e.g. “put” with several possible translations into the native tongue of learner) while now in context only one of these possibilities describes the meaning. Which one is it this time? And if learners have not learned the vocabulary well they will feel helpless, frustrated, even “stupid” and conclude firstly: language learning is very difficult, and secondly.


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MANAGED IT SERVICES FIRM INTELITECHS ACQUIRES TOTAL CLOUD IT

INTELITECHS | January 18, 2022

INTELITECHS, a Utah-based managed IT services provider, is pleased to announce its acquisition of Total Cloud IT. The acquisition opens the door to expansion by INTELITECHS into serving a broader group of small to mid-sized businesses across the country with both managed IT and cloud computing services. "We are pleased to be able to augment our proven model of delivering managed IT services to a larger group of clients across the country. It's a win/win – our regional clients now have access to expanded cloud services, and at the same time, previous cloud services-only clients can now benefit from the more comprehensive services INTELITECHS offers in the areas of managed IT and data security," founder Jake Hiller With today's home-based work force, there is a higher level of concern with data access and end-user security. "So many companies now have more employees working from home than in the office using company and non-company devices to access sensitive data," said Eric Sessions, co-founder. "We see a significant increase in need for our services like Office 365 security, directory synchronization, multi-factor authentication, SPAM filtering and DMARC/DKIM/SPF configuration and monitoring," he added. INTELITECHS provides managed IT services and IT department staff augmentation by serving as its customer's outsourced IT department. Its goal is to become clients' "geek-speak-translators" and to use IT to drive business growth and profitability. The company serves clients across the country with managed IT services, managed backups, 24/7/365 monitoring, and a wide variety of other sophisticated security services. The company also assists clients with hardware sales, cloud-based computing, server migration and Office 365 support. What sets INTELITECHS apart from other technology companies is its focus on partnership with clients versus just being an IT vendor. With its home office in Salt Lake City, UT, the company now serves small to medium-sized businesses across the country.

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Accenture Helping Navitaire Accelerate Its Journey to the Cloud

Accenture | February 23, 2022

Accenture is helping Navitaire, an Amadeus company providing technology and business services to the airline industry, accelerate its cloud-first transformation journey, enabling the full migration of Navitaire’s application suite to the Microsoft Azure platform in just 24 months. The collaboration — in which Accenture is teaming with Avanade, its joint venture with Microsoft — is key to helping Navitaire achieve its long-term cloud strategy centered on customer innovation and improved flexibility, responsiveness, efficiency and scale, benefits that have become even more critical during the COVID-19 pandemic recovery. Accenture will assist Navitaire in further integrating new technology capabilities such as advanced analytics, artificial intelligence and machine learning, as well as technology from its ecosystem partners, to help improve Navitaire’s clients’ ability to create new products and services for their customers. The team has already completed foundation builds in three Azure regions, with the fourth region targeted for the first quarter of 2022, and migrated New Skies, Navitaire’s industry-leading reservations platform, to the cloud. This gives airlines access to new cloud services and improved system performance. “Our accelerated transformation will enhance operational agility and better position us to develop new services for our customers across the travel ecosystem,” said Kyle Stromberg, chief technology officer, Navitaire. “The collaboration with Accenture will help achieve our cloud strategies and support our customers’ ability to innovate, deliver personalized digital experiences and make more data-informed decisions.” Emily Weiss, a senior managing director at Accenture who leads its Travel industry practice globally, said, “As the pandemic has shown us, being digital and in the cloud is essential — and time is of the essence. We’re now in an era of compressed transformation. Our work with Navitaire will help it spur innovation at speed and with scale, which are the hallmarks of a truly cloud-first organization.” Last year, Accenture was positioned as a Leader in both Market Impact and Vision & Capability for systems integration capabilities on Microsoft Azure in a report from Everest Group, a leading industry analyst. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 674,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners, and communities. About Navitaire Navitaire, an Amadeus company, delivers industry-leading technology services supporting growth, profitability and innovation to more than 60 airlines and rail companies worldwide carrying a total of 819 million annual passengers in 2019, including many of the world’s most successful low-cost and hybrid airlines. Navitaire offers a full suite of cloud-enabled proven solutions focused on revenue generation and streamlining costs in the areas of reservations, ancillary sales, loyalty, revenue accounting and business intelligence. Navitaire has offices in North America, Europe, Asia and Australia, and is a wholly owned subsidiary of the Amadeus Group.

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Mambu and Volante Technologies Join Forces to Pioneer Cloud-Native Banking and Payments Modernization

Mambu and Volante Technologies | January 24, 2022

Market-leading SaaS banking platform Mambu, and global provider of cloud payments and financial messaging solutions, Volante Technologies, announced a pioneering collaboration to help banks and lenders modernize their banking and payment infrastructures rapidly. The strategic partnership will enable joint customers to speed delivery of innovative payment products and services without needing to rip and replace legacy systems. Traditional financial institutions struggle with legacy systems that are inflexible, slow and expensive to replace and adapt. Volante and Mambu are partnering to allow financial institutions to modernize their existing payment systems and quickly launch new solutions with different payments capabilities such as wire, ACH, SEPA, real-time and cross border payments. The integration allows customers to implement payment functionalities faster than traditional vendors and provides richer experiences with more flexible payment options for consumers and businesses. As an API-first platform, Mambu seamlessly integrates with off-the-shelf software solutions, such as Volante, enabling financial institutions of all sizes to offer better, differentiated experiences to their end-customers. “The partnership boosts digital banking and payment functionalities that help orchestrate state-of-the-art solutions across all banking channels. Like Mambu, Volante provides digital technology solutions that equip institutions for future success. Together, we are making available a system that empowers all payment processors seamlessly within Mambu’s Payment Hub. Within a matter of hours, processors can develop and quickly deploy the elements needed to deliver an exceptional 24/7 experience to their customers.” Kevin Trilli, Mambu Chief Product Officer Trilli added, “The platform was possible because of a shared philosophy that a modern low-code cloud architecture allows for scalability, cost-saving and agility. This will drive change and is an important step in making payments processing simpler and more accessible.” John Farrell, SVP Global Product Management, Volante Technologies commented, “We see this strategic partnership as transformational for the industry. SaaS is a game-changer for core banking. Payments as a Service (PaaS) and low-code technology have proved equally disruptive in payments. By unifying the two, Volante and Mambu are creating a powerful Banking as a Service (BaaS) platform. We believe this synergy, combined with our strong affinity in culture, values and style, will drive tight collaboration and co-innovation for the benefit of our joint customers." About Mambu Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 800 employees​ that support 200 customers in over 65 countries - including N26, League Data, BancoEstado, OakNorth, ABN AMRO, and Orange Bank. About Volante Technologies Volante Technologies is the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation. We serve as a trusted partner to over 100 banks, financial institutions, market infrastructures, clearing houses, and corporate treasuries in 35 countries. Our solutions and services process millions of transactions and trillions in value every day, powering four of the top five corporate banks, 40 percent of all U.S. commercial bank deposits, and 70 percent of worldwide card traffic. As a result, our customers can stay ahead of emerging trends, become more competitive, deliver superior client experiences, and grow their businesses through rapid innovation.

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Arc Raises $161M to Launch Full-Service Finance Platform for SaaS, Built in Partnership with Stripe

Arc | January 14, 2022

Arc, the full-service finance platform for SaaS, emerged from stealth with $161 million in total funding from equity and credit investors. In partnership with Stripe, Arc is building a first-of-its-kind fintech solution where software founders can borrow, save, and spend on one comprehensive digital platform. Its introductory product, Arc Advance, allows SaaS founders to seamlessly convert future revenue into upfront capital without dilution at the click of a button. cloud services are among the world’s fastest-growing markets — estimated to reach $400 billion in revenue in 2022 and growing 20%+ year-over-year, according to Gartner. However, innovation in SaaS companies has outpaced the funding solutions supporting them. Historically, high-growth software companies in their earliest stages turn to venture capital and occasionally venture debt to fund their growth. These traditional sources of capital leave startups with expensive and offline solutions that limit their ownership, control, operating flexibility, and ultimately growth. Arc provides SaaS founders with a digitally native tool to fund growth without dilution, tapping into future recurring revenue to pay for operating expenses today. As the full-service finance platform purpose-built for SaaS startups, Arc is building a community of premium software companies where they can borrow, save, and spend all on a single technology platform. Arc is transforming Wall Street for Silicon Valley — marrying the capital available to mature companies with the consumerized technology experience demanded by technology startups. The company is quickly becoming the home for SaaS founders’ finance needs. “Arc provides SaaS startups with the funding alternative they deserve, empowering founders to scale without selling an ownership stake in their business or risking insolvency with legacy credit products. Arc was purpose-built for software founders. Our fintech platform eliminates the friction inherent in traditional capital raising while broadening access to non-dilutive capital, helping founders preserve ownership in the business they’ve worked so hard to build. And this is only the beginning — in the coming months, we'll be launching a full suite of financial tools to empower SaaS founders to scale their businesses efficiently and retain control. We want founders to know that when it comes to accessing and managing capital, Arc has your back.” Don Muir, Arc co-founder & CEO Unlike conventional banks, Arc leverages technology to programmatically underwrite credit risk, allowing Arc to deploy capital to founders in minutes rather than months. Backend API integrations from companies like Plaid enable Arc to rapidly and securely underwrite credit risk through real-time access to a startup’s financial data. Machine learning allows Arc to drastically improve interpretation of the financial information it receives compared to manual analysis alone. Leveraging Stripe’s banking-as-a-service technology, customers can store and spend their funding from Arc on a single platform designed for software companies. By building on top of these technology solutions, Arc has turned financing on its head, allowing founders to borrow against the future revenue of their company and grow efficiently. With Arc, startups can access the capital they need when they need it — without debt or dilution. Technology-driven financing also removes the biases inherent in conservative financial services — leveling the playing field for founders, especially those outside of Silicon Valley. NFX founder James Currier joined Arc’s Board of Directors and led the fund’s investment in Arc. Currier commented, “This is the top team going after this space. They met at Stanford GSB and prior to Arc, built consumerized SaaS software in Silicon Valley as well as raised billions of dollars of debt on Wall Street.” The company has also partnered with Y Combinator, which shares Arc’s mission to help startups grow. Arc was an early member of YC’s Winter 2022 batch, which commenced earlier this week. Jared Friedman, General Partner at Y Combinator, notes, “The Arc team's top-notch execution and the strong market need for this product have caused the YC community to rally behind their success." Since launching last summer, over 100 startups have signed up for the Arc platform. In the fourth quarter of 2021, the company increased its total funding to customers by over 110x — a period where funding was limited to select launch partners and a waitlist proliferated. To date, the largest segment of customers has been VC-backed B2B SaaS companies seeking to accelerate their growth spend while also prolonging their runway before raising additional equity. In addition to NFX and Y Combinator, the equity round also included participation from Bain Capital Ventures, Clocktower Technology Ventures, Torch Capital, Will Smith’s Dreamers VC, Soma Capital, Alumni Ventures, Pioneer Fund, and Atalaya Capital Management. Atalaya also provided the credit portion of the investment. A large number of high-profile angel investors also contributed to the round, including over 100 founders from Y Combinator-backed companies such as Vouch, Observe.AI, Eden Workplace, Teleport, RevenueCat, QuickNode, Dover, Middesk, Instabug, and Rainforest QA, as well as multiple founders of decacorn fintechs. The ex-Stripe angel syndicate also invested in the round. About Arc Arc is the full-service finance platform for SaaS, providing software startups with the customized financial products they deserve. Founded in 2021, Arc is on a mission to help startups grow by converting future revenue into upfront capital at the click of a button. The company is based in San Francisco and is funded by NFX, Bain Capital Ventures, Clocktower Technology Ventures, Torch Capital, and Y Combinator, among others.

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Spotlight

Learners experience difficulties because even if vocabulary has been learned well, the words have been learned as individual units (e.g. “put” with several possible translations into the native tongue of learner) while now in context only one of these possibilities describes the meaning. Which one is it this time? And if learners have not learned the vocabulary well they will feel helpless, frustrated, even “stupid” and conclude firstly: language learning is very difficult, and secondly.

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