Expect 2020 to see public and private cloud outspend traditional IT infrastructure, says IDC

cloudcomputing-news.net | January 20, 2020

Revenue for cloud infrastructure equipment dipped a little in the most recent quarter, IDC has argued – yet it is more indicative of a wider IT downturn than a cloud-specific malaise.The analyst firm, in its latest Worldwide Quarterly Cloud IT Infrastructure Tracker report, found an overall quarterly figure of $16.8 billion (£12.9bn) a decline of 1.8% year over year. IDC increased its forecast for total 2019 spending to $65.4bn, which represents flat performance.Public cloud saw something of a hit according to IDC’s figures, with a downturn of 3.7% year over year, albeit seeing $11.9bn in quarterly sales. The analyst notes to expect more quarterly volatility, particularly as the hyperscalers continue to dominate the market, as the overall segment generally trends upwards.For 2019, public cloud saw minimal change in market share, comprising just over 30% of the overall cloud IT infrastructure market. This is expected to reach almost 40% by 2023. Yet the key figure here is 2020, where IDC expects public and private cloud spending outperform traditional IT. 2019 saw the balance nearly tipped at 49.8% for public and private cloud, although recent quarters (Q319 at 53.4%) saw success.

Spotlight

Cloud Security: Getting It Right, sponsored by Armor, reveals eight security mistakes companies make when using cloud resources. If not corrected, companies will continue to find it difficult to reduce the risk of having their sensitive or confidential data breached or compromised in the cloud As confirmed in this study, outsourcing sensitive data to the cloud is becoming an important strategy for companies seeking to control costs and increase efficiency. Therefore, it is critical for companies to understand how they can stop the mistakes and best address the threats to sensitive and confidential information in the cloud.


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CLOUD SECURITY

Prisma Cloud Delivers Context-Aware Software Composition Analysis to Secure Deployment of Open Source Software

Palo Alto Network | September 23, 2022

Open source software is a critical component of cloud-native applications, allowing developers greater speed and modularity without having to reinvent the wheel each time they code. However, as the Unit 42 Cloud Threat Report, 2H 2021 found, open source software can often contain known vulnerabilities, which can open organizations up to significant risk. Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today introduced the industry's first context-aware software composition analysis (SCA) solution to help developers safely use open source software components. The integration of SCA into Prisma® Cloud further demonstrates why Palo Alto Networks is the leading provider of cloud-native security. Traditional SCA solutions are standalone products that can produce a large number of alerts but lack the runtime context to help fix vulnerabilities. With the addition of SCA to the Prisma Cloud platform, developers and security teams can proactively surface and prioritize known vulnerabilities that impact the application lifecycle (i.e., code, build, deploy and run). Prisma Cloud SCA delivers deep dependency detection and remediation of vulnerabilities in open source software before applications reach production. It can also help developers prioritize remediation based on software components that are already in use. These capabilities are not possible when SCA solutions are deployed as single point products. "Developers leveraging open source software should be able to build applications with the confidence they aren't opening the organization up to risk, With the average application consisting of 75% open source components, SCA on Prisma Cloud is key to protecting the organization from code to cloud and empowering developers to build with speed." Ankur Shah, senior vice president, Prisma Cloud, Palo Alto Networks As a complete cloud-native application protection platform (CNAPP), Prisma Cloud is context-aware at every stage of the application lifecycle to provide a unified view of risk across organizations' cloud environments. Where current approaches to cloud security rely on siloed products that provide intermittent visibility without remediation, Prisma Cloud approaches cloud security with a comprehensive, prevention-first framework. With 188% increase in cloud incident response cases over the past three years, this shift in approach has become mandatory. A complete code-to cloud CNAPP needs to incorporate the following five key principles in order to keep organizations safe: Security from code to cloud — protects applications at every stage of the development lifecycle — from code, build, deploy and run. Continuous, real time visibility — uses real-time and contextual security analysis of cloud environments to help prevent misconfigurations, vulnerabilities and threats. Prevention-first protection — stopping attacks and defending against zero-day vulnerabilities to drive down mean time to remediation. Choice for every cloud journey — aligning security needs with current and future cloud priorities by supporting a breadth of cloud service providers, workload architectures, continuous integration and continuous delivery (CI/CD) pipelines, integrated development environments (IDEs), and repositories with a unified platform Cloud scale security — consistently secures applications as cloud environments scale. In addition to SCA and to further increase the safety of cloud-native applications, Prisma Cloud introduced a software bill of materials (SBOM) among other capabilities for developers to easily maintain and reference a complete codebase inventory of every application component used across cloud environments. Implementing SCA and SBOM ensures Prisma Cloud aligns with these principles. "Buyers looking for cloud-native security solutions need to keep the requirements of microservices security protection in mind. The 'bolted-on' and 'whack-a-mole' approaches are a thing of the past," said Frank Dickson, program vice president, Security and Trust at IDC. "Security should be embedded throughout the application development life cycle. This means that buyers need to fundamentally change their approach to security, although they need to continue to protect their run-time environments, they must also embrace solutions that embed security in the application development process, an approach referred to as 'shift left.' Shift left requires one to think less about security products and more about continuous security processes." About Palo Alto Networks Palo Alto Networks is the world's cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. We provide next-gen cybersecurity to thousands of customers globally, across all sectors. Our best-in-class cybersecurity platforms and services are backed by industry-leading threat intelligence and strengthened by state-of-the-art automation. Whether deploying our products to enable the Zero Trust Enterprise, responding to a security incident, or partnering to deliver better security outcomes through a world-class partner ecosystem, we're committed to helping ensure each day is safer than the one before. It's what makes us the cybersecurity partner of choice.

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CLOUD SECURITY

Wolters Kluwer cloud-based global expert solution named a global leader in cloud computing

Wolters Kluwer | September 30, 2022

Wolters Kluwer Tax & Accounting announced that its innovative TeamMate+ suite of cloud-based expert audit solutions was recognized by the Business Intelligence Group as a global leader in cloud computing and awarded the 2022 Stratus Awards for Cloud Computing in their annual business award program. TeamMate+ was recognized as a global leader in the Software as a Service category. Through these awards, the Business Intelligence Group sought to identify the companies, products and people that are offering unique solutions and technology that will continue to lead the industry. “We are honored to be recognized by the Business Intelligence Group for our part in the evolution of cloud solutions for the internal audit profession, TeamMate continues to help organizations redefine their risk assessment methodology to ensure they stay ahead of risk while optimizing human resources and adhering to professional standards.” Frans Klaassen, Senior Vice President & General Manager, Wolters Kluwer TeamMate TeamMate+ supports all phases of audit work, from overarching audit plans aligned with organizational objectives to individual project planning, which guides day-to-day work. It enhances workflow using request and tracking features to ensure appropriate data is provided and captured within the tool during audit execution. And provides reporting capabilities that allow audit teams to craft output appropriate to various audiences including audit management and stakeholders. In addition, the TeamCloud hosting provides a secure and stable environment to access a customizable TeamMate environment from the web. Earlier this year, TeamMate achieved authorization status from the Federal Risk and Authorization Management Program (FedRAMP) for the TeamMate+ FedRAMP cloud hosting environment. Achieving authorization means that auditors within US Federal agencies can create, manage, and execute audits all while staying aligned with the Red and Yellow Book standards. “Wolters Kluwer is at the forefront of the cloud helping to drive practical innovations in the cloud,” said Maria Jimenez, Chief Nominations Officer of Business Intelligence Group. “The cloud is now part of the fabric of our society, and we are thrilled that our volunteer judges were able to help promote all of these innovative services, organizations and executives.” About Business Intelligence Group The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry and business award programs, business executives—those with experience and knowledgejudge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers. About Wolters Kluwer Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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CLOUD DEPLOYMENT MODELS

eSentire Announces Global Partnership with Lacework to Reduce Cloud Security Risk

eSentire | November 02, 2022

eSentire Inc., the Authority in Managed Detection and Response (MDR), announced today its global partnership with Lacework®, the data-driven cloud security company, advancing its protection of cloud workloads, containers, applications, and Kubernetes with 24/7 Multi-Signal MDR and Cloud Security Posture Management (CSPM) services, utilizing the Lacework Polygraph® Data Platform. eSentire is Lacework’s first global MDR partner. With 95% of organizations leveraging at least one cloud service1 and 70% running more than two containerized applications by 20232, security leaders must seek out partners who align cloud protection to each organization’s business strategy. Widespread adoption of cloud Infrastructure (IaaS), Platform (PaaS), and Software as a Service (SaaS) models demonstrate an undisputed business ambition to innovate and scale quickly. eSentire uniquely embraces the balance between business strategy and cloud security, delivering first and foremost on the mission to protect the risk in order to prevent business disruption. “eSentire understands that cloud security isn’t a journey to shift left for every organization. It’s about protecting what matters most to your business because a risk is a risk, no matter where your users and data reside, This partnership with Lacework demonstrates our commitment to driving the most proactive threat response outcomes forward on behalf of our global customer base. Our message to security leaders is that you’re in the cloud, and we’re all-in to protect you.” Rahul Bakshi, Chief Product Officer, eSentire Using machine learning, artificial intelligence, and cloud behavioral analytics, the Lacework Polygraph® Data Platform automatically learns and understands behaviors across an organization’s cloud environment. eSentire’s new partnership with Lacework expands its deep expertise across AWS, Azure and Google Cloud with further visibility, differentiated behavior-based threat detection, and context-rich insights to fuel its multi-signal investigations. From there, eSentire’s 24/7 SOC analysts and renowned Threat Response Unit (TRU) stop active threats before they spread to become business disrupting, with a Mean Time to Contain of less than 15 minutes. eSentire’s Cyber Risk Advisors act as an extension of the customer’s team, supporting their risk-based strategy with the contextual industry and business awareness required to provide actionable recommendations to improve cyber resilience across on-premise, cloud, and hybrid environments. Additional eSentire and Lacework mutual service benefits include: Identified and prioritized misconfigurations across the three major cloud providers – Azure, AWS, and Google Cloud Findings mapped against recognized industry frameworks, including HIPAA, CIS, and SOC 2 Complete multi-signal threat investigation visibility within eSentire’s Atlas Insight Portal Detection, investigation, and containment of threats to virtual machine (VM) workloads and containers up to 10x faster A 342% return on investment, 100:1 alert reduction, and 80% faster investigation capability “As threats continue to increase in speed and sophistication, customers are looking for security solutions which can help them continue to innovate quickly with the confidence they’re prioritizing security and compliance,” said Brian Lanigan, VP, Worldwide Channels and Alliances, Lacework. “Together with eSentire, we’re delivering a fully managed solution that provides complete cloud detection, investigation, and proactive threat response. This puts the customer’s protection at the forefront, mitigating cloud security risks with transparent visibility and co-management capabilities.” eSentire MDR for Cloud and Cloud Security Posture Management protection with Lacework is available now. eSentire and Lacework will be hosting an executive fireside chat on Thursday, December 7, 2022, with industry experts Tia Hopkins (Field CTO and Chief Cyber Risk Strategist, eSentire) and Erin K. Banks (Senior Director of Product Marketing, Partners & Alliances, Lacework) entitled: Risk is Risk - Is Cloud Security The Journey or The Destination? To register and participate in this engaging conversation, visit: mdr.esentire.com/lacework. About eSentire eSentire, Inc. is the Authority in Managed Detection and Response, protecting the critical data and applications of 1,500+ organizations in 80+ countries, representing 35 industries from known and unknown cyber threats. Founded in 2001, the company’s mission is to hunt, investigate and stop cyber threats before they become business disrupting events. Combining cutting-edge machine learning XDR technology, 24/7 Threat Hunting, and proven security operations leadership, eSentire mitigates business risk, and enables security at scale. The Team eSentire difference means enterprises are protected by the best in the business with a named Cyber Risk Advisor, 24/7 access to SOC Cyber Analysts, Elite Threat Hunters, and industry-leading threat intelligence research from eSentire’s Threat Response Unit (TRU). eSentire provides Managed Risk, Managed Detection and Response and Incident Response services.

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CLOUD STORAGE

Wasabi Technologies Closes $250 Million in New Funding to Usher In the Future of Cloud Storage

Wasabi Technologies | October 04, 2022

Wasabi Technologies, the hot cloud storage company, today announced it has achieved unicorn status following $250 million in new funding. Wasabi raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity Management & Research Company and Forestay Capital, bringing the company’s valuation to over $1.1 billion. Wasabi also expanded its existing debt facility with MGG Investment Group to $125 million. Barclays acted as sole placement agent on the transaction. Wasabi provides fast, affordable, and highly reliable cloud data storage for businesses all over the world at 1/5th the cost of large hyperscale providers or on-premises storage, with no charges for egress or API requests and no complex tiering. The company's revenues more than doubled from 2020-2021, and Wasabi now has more than 40,000 customers in over 100 countries, 13,000 partners, 250+ global employees and 13 storage regions across North America, Europe, and Asia Pacific. The new equity will drive expansion into additional vertical markets and geographies, enhance Wasabi’s channel partnerships, and scale the company’s go-to-market team and global brand strategies. Meanwhile, the debt will be used to finance capital equipment and infrastructure in Wasabi’s storage regions around the world, and to invest in Wasabi’s technology capabilities to lay the groundwork for a new generation of cloud storage architecture. “Closing a large up round in this environment speaks to the spectacular growth of Wasabi, the magnitude of the cloud storage opportunity, and our leadership as the industry’s largest pure-play cloud storage vendor. At Wasabi, we focus on just one thing: cloud storage. We do it better than anyone else in the industry. Because of this singular focus, our team has achieved best-in-class performance and security at the lowest prices in the industry,” David Friend, co-founder and CEO of Wasabi Technologies Kerstin Dittmar, managing partner of lead investor L2 Point, will join Wasabi’s Board of Directors. “Wasabi provides a game-changing product that offers customers a simpler, faster, and significantly more economical solution to their cloud data storage needs. We believe this capital raise will allow Wasabi to continue to expand its offering across additional services and geographies to meet their global customers’ needs,” said Dittmar. “We are proud to partner with Wasabi to provide innovative solutions in cloud storage and security,” added Sam Barnett, PhD, executive chairman of Cedar Pine. “The importance of Wasabi’s technology is increasing in every industry.” Kevin Griffin, CEO of MGG Investment Group, also commented, “We seek to partner with best-in-class entrepreneurs and companies and are excited to continue supporting Wasabi Technologies and their global expansion.” In addition to the industry-leading performance of Wasabi hot cloud storage, the company partners with over 350 technology companies, including most of the world’s leading backup, disaster recovery, and surveillance companies. Wasabi is used to store data across a wide range of industries, including professional sports, energy and natural resources, finance, surveillance, education, manufacturing, consumer technology, healthcare, scientific research, and media and entertainment. “As our data needs continue to evolve, from player analytics, IoT, digital assets and even security, this presents an enormous learning opportunity for the organization,” said Brian Shield, senior vice president and CTO of the Boston Red Sox. “Wasabi provides a cost-effective cloud-based solution that enables us to retrieve content quickly and improve the level of video analysis and production we do here at the Red Sox.” About Wasabi Technologies Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology’s fastest-growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is a privately held company based in Boston. Wasabi is a Proud Partner of the Boston Red Sox, and the Official Cloud Storage Partner of Liverpool Football Club and the Boston Bruins. About L2 Point Management L2 Point Management (“L2 Point”) is a San Francisco based investment firm providing innovative capital solutions for growth companies. With expertise across the capital structure, L2 Point works to address a common concern of late-stage companies today: the lack of an alternative cost of capital product between highly dilutive growth equity and operationally restrictive debt.

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Spotlight

Cloud Security: Getting It Right, sponsored by Armor, reveals eight security mistakes companies make when using cloud resources. If not corrected, companies will continue to find it difficult to reduce the risk of having their sensitive or confidential data breached or compromised in the cloud As confirmed in this study, outsourcing sensitive data to the cloud is becoming an important strategy for companies seeking to control costs and increase efficiency. Therefore, it is critical for companies to understand how they can stop the mistakes and best address the threats to sensitive and confidential information in the cloud.

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