Eton Solutions Raises $11.1 million to Extend Cloud-based Family Office Platform

Eton Solutions | June 26, 2020

Eton Solutions, L.P. (Eton), the provider of the cloud-based AtlasFive® technology platform for ultra-high net worth wealth management, has closed on an investment round of $11.1 million, bringing total investment in the company and platform to over $20 million. The round was led by existing investors, clients and members of senior management.

Eton is leveraging the deep domain expertise of ultra-high net worth wealth management industry veterans to offer a cloud-native, SaaS platform geared to the complex and specific asset management needs of this market. The capital raised will be used to continue expansion of Eton’s AtlasFive platform as well as the build out of its implementation and client service capabilities.

Eton Solutions has over $250 billion in assets under administration (AUA) on its AtlasFive platform and continues to refine the platform with some of the most demanding, leading-edge and technology-savvy customers throughout North America.

Spotlight

What separates one cloud analytics platform from another? They all provide the same general benefits, but they don't all provide the same long-term benefits. For example, they may: Remove technological barriers but not remove learning barriers Increase access to data but not the understanding of it Scale with your company's need


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Cloud Infrastructure Management

Britain's TSB Bank Selects Lacework for Enhanced Cloud Protection

Lacework | September 25, 2023

Lacework, the data-driven cloud security firm, has been selected by TSB Bank, a prominent British banking institution, to safeguard its cloud infrastructure. TSB Bank's decision to choose Lacework as its cloud security provider demonstrates its commitment to protecting sensitive data and ensuring the highest level of security for its customers. With Lacework's expertise in data-driven security solutions, TSB Bank can confidently rely on their cloud infrastructure being safeguarded against potential threats and vulnerabilities. TSB's Chief Information Security Officer, Paul Branley, expressed his excitement about the development, stating that the Lacework Polygraph data platform would transform the way their security teams operate. He mentioned that it would enable their developers to concentrate on value-added tasks while also substantially reducing security alerts. TSB, a longstanding player in the banking sector with over two centuries of heritage, is serving over five million customers through various channels, including digital, phone, and branches across the UK. With a growing digital business, TSB needed a unified cloud security platform to support its multi-cloud landscape. Lacework will facilitate secure and innovative cloud scaling, eliminating vulnerabilities across various cloud configurations and applications. Andreas Schneider, Field-CISO at Lacework, reportedly mentioned, Partnering with Lacework, TSB will be able to reduce complexity in their tool landscape, and our anomaly detection will allow them to embed security at any speed and scale." [Source – Cision PR Newswire] Lacework's platform will enable TSB to automate audit and compliance processes while seamlessly integrating into DevOps and CI/CD pipelines, ensuring security acts as an enabler of innovation velocity. The adoption of Lacework’s technology by TSB Bank may entail integration challenges, risks related to automation, and uncertainties about real-world effectiveness that could affect TSB's security strategy. TSB Bank's selection of Lacework promises improved cloud security, enhanced developer focus, and support for its multi-cloud landscape, with automation and integration into DevOps pipelines to boost innovation. About Lacework Lacework, a leading cloud security company, offers innovative and scalable solutions for robust cloud security. Their flagship product, the Polygraph Data Platform, automates security processes, providing comprehensive risk insights for security and development teams. Lacework's unique ability to analyze data across AWS, Azure, GCP, and Kubernetes environments is a significant advantage for businesses worldwide. Founded in 2015 and headquartered in Mountain View, California, Lacework excels in breach detection, audit and compliance, and container security.

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Cloud App Development

CloudBees Launches Groundbreaking Cloud-Native DevSecOps Platform

Business Wire | September 15, 2023

On September 14, 2023, CloudBees, a leading enterprise software delivery platform, introduces a groundbreaking cloud-native DevSecOps platform that prioritizes platform engineers and developer experiences. The platform, built on Tekton, employs a domain-specific language akin to GitHub Actions and incorporates feature flagging, security, compliance, pipeline orchestration, analytics, and value stream management (VSM) into a fully managed single-tenant SaaS, multi-tenant SaaS, or on-premise virtual private cloud instance. A spokesperson for CloudBees stated that the revolutionary platform was the market's most open and extensible DevSecOps solution, capable of orchestrating any tool in the software development toolkit. They added that it redefined DevSecOps by addressing the challenges of delivering secure, compliant, cloud-native software faster than ever. Meeting the Challenges of Cloud-Native Development As the rush towards cloud-native application development continues, software development and delivery teams grapple with the complexities of modern cloud-native architectures. This has led to the emergence of platform engineering as an evolution of DevOps practices. Platform engineering unites various roles such as site reliability engineers (SREs), DevOps engineers, security teams, product managers, and operations teams with the shared goal of integrating all organizations’ disparate technologies and tools into a streamlined path for developers. The CloudBees platform is purpose-built for this mission. The CloudBees Platform: Speed and Security The CloudBees platform empowers organizations to simplify complex cloud-native development and deployment processes across all DevOps tools, thereby accelerating innovation. It ensures a seamless journey from code development to successful deployment with a focus on: 1. Developer-centric experience: Enhancing developer experience by minimizing cognitive load and making DevOps processes nearly invisible through blocks, automations, and golden paths. 2. Open and extensible: Embracing the DevOps ecosystem, starting with Jenkins, and offering flexibility to orchestrate any other tool, protecting existing tooling investments. 3. Self-service model: Allowing platform engineers to customize the platform, providing autonomy for development teams. Developers can focus on innovation without waiting for automation or resources. 4. Security and compliance: Centralizing security and compliance with out-of-the-box workflow templates containing built-in security measures. Automated DevSecOps is integrated, incorporating checks across source code, binaries, cloud environments, data, and identity. Michel Lopez, founder and CEO at E2F, noted that the CloudBees platform had significantly reduced the time required for their ISO 27001 compliance audit, from 12 hours to just 60 minutes. He also mentioned that the CloudBees platform provided all controls. Shawn Ahmed, Chief Product Officer at CloudBees, emphasized, Our new platform empowers developers, unifies teams, and accelerates innovation while offering unprecedented flexibility and choice. [Source: Businesswire] The CloudBees platform promises to enhance developer experiences, streamline processes, and prioritize security, offering organizations a powerful tool to navigate the complexities of modern cloud-native architectures and accelerate innovation. About CloudBees CloudBees, headquartered in San Jose, California, has been a software development leader since 2010. The company thrives in an innovation-driven industry by addressing the need for balancing development freedom and regulatory governance through its pioneering end-to-end automated software delivery system. Its robust Software as a Service (SaaS) platform encompasses DevOps, Continuous Integration, Continuous Delivery, and more, ensuring secure and compliant innovation.

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Cloud App Management

Google Cloud Teams Up with StackPath to Expand Edge-Forward Cloud

StackPath | September 20, 2023

StackPath Edge Compute is now accessible via the Google Cloud Marketplace, allowing Google Cloud customers to expand their environment to the internet's edge. StackPath, a leading edge computing platform, has made its Edge Compute Virtual Machines and Containers available on the marketplace, with purchases counting towards users' committed Google Cloud expenditure. StackPath offers cloud computing instances at edge points of presence within 38 major global markets, ensuring proximity to data sources and destinations. This proximity enhances application distribution options. Tom Reyes, Chief Product Officer for StackPath, emphasized the synergy between edge and cloud computing, highlighting the cost and performance benefits of utilizing Google Cloud for latency-neutral workloads and StackPath for latency-sensitive tasks. Dai Vu, Managing Director at Google Cloud, reportedly stated, As a part of their digital transformation strategies, many enterprises are seeking solutions that help them optimize their workflows. With its solutions now available on Google Cloud Marketplace, StackPath is enabling companies of all types and sizes to achieve the speed, security, and efficiency they require. [Source: PR Newswire] Additionally, StackPath recently added support for Virtual Kubelet in StackPath Edge Compute, facilitating seamless integration of StackPath Edge Compute Containers into multi-cloud Kubernetes (K8s) clusters. K8s, born on Google Cloud, remain popular among Google Cloud users. Key features of StackPath Edge Compute include deploying VMs with certified Linux distributions, image capture for autoscaling and rollbacks, deploying compliant container images, and rapid provisioning in StackPath Edge locations. About StackPath StackPath is an edge cloud platform offering cloud services in close proximity to end users compared to core cloud providers. Its edge compute solutions, including virtual machines and containers, along with edge applications such as CDN and WAF, are strategically positioned in densely populated areas. These services are connected through a secure private network fabric and managed through a single system. Clients, ranging from Fortune 50 enterprises to startups, rely on StackPath to optimize the performance, security, and efficiency of their latency-sensitive workloads and applications. Headquartered in Dallas, TX, StackPath was founded in 2015 and specializes in SECaaS, CDN, WAF, and various other cloud-related services.

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Cloud Security

Tenable Acquires Ermetic to Boost Cloud Security with CNAPP and CIEM

Tenable | September 11, 2023

Tenable Holdings, Inc. is strengthening its focus on cloud security through the acquisition of Ermetic Ltd., a cloud-native application protection platform (CNAPP) company specializing in cloud infrastructure entitlement management (CIEM). This strategic move aims to enhance Tenable's Exposure Management Platform by providing improved risk visibility, prioritization, and remediation solutions for both cloud and on-premises environments. Ermetic's CNAPP offers comprehensive contextual analysis, simplifying the identification of critical issues like privileged access to exposed, vulnerable workloads. The integration of Ermetic's capabilities into Tenable One will broaden Tenable's offerings for hybrid environments, addressing the complex challenge of managing identity-based threats in the cloud. According to the Cloud Security Alliance's 2022 Top Cloud Threats report, identity-based threats are a top concern in cloud security. Tenable's acquisition of Ermetic seeks to simplify the process of understanding access risks and permissions in the cloud, making it more accessible for security professionals with varying levels of expertise. “We will have an opportunity to put additional market-leading cloud security capabilities into the hands of tens of thousands of customers,” said Amit Yoran, Chairman and Chief Executive Officer, Tenable. “Together, we will be able to deliver a holistic view of the modern attack surface and help organizations reduce exposure and risk, using identity as an essential foundation,” he further added. [Source: Globe News Wire] The combined offerings of Tenable and Ermetic will include a unified CNAPP solution for asset discovery, risk analysis, remediation, and compliance, as well as a robust CIEM solution for managing human and service identities in cloud infrastructure. The integration will provide context-aware risk prioritization across all cloud and on-premises resources and simplify the remediation process. The acquisition, valued at approximately $240 million in cash and $25 million in restricted stock and RSUs, is expected to close in early Q4 2023. Tenable will finance the cash portion of the acquisition using existing funds. However, Ermetic's financial results in Q4 2023 are not anticipated to significantly impact revenue or billings but are expected to increase non-GAAP operating expenses by $4–6 million. The combination of Tenable and Ermetic is poised to offer unparalleled visibility and value in managing cloud environments, simplifying the complexity of cloud security management. About Tenable Tenable is a prominent player in the computer and network security industry, headquartered in Columbia, MD. With a global footprint, the company serves approximately 40,000 organizations worldwide, including Fortune 500 giants, Global 2000 firms, and government agencies. Leveraging its renowned Nessus vulnerability expertise, Tenable offers a pioneering platform for comprehensively securing digital assets across various computing platforms. Its specialties encompass vulnerability management, continuous network monitoring, compliance, and a range of security solutions for web applications, containers, the cloud, industrial technology, IoT, and more.

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Spotlight

What separates one cloud analytics platform from another? They all provide the same general benefits, but they don't all provide the same long-term benefits. For example, they may: Remove technological barriers but not remove learning barriers Increase access to data but not the understanding of it Scale with your company's need

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