Cloud Deployment Models

Otava Adds Managed Azure Cloud to Robust Hybrid Cloud Portfolio

Otava_Adds_Managed
Otava, a global leader in custom and compliant hybrid cloud solutions, today announced the availability of its Managed Azure  Cloud service that enables businesses to achieve the benefits of a fully managed Azure cloud environment. Otava's fully managed service helps customers overcome the complexities of Azure and public cloud infrastructure, so that they can maintain focus on their core competencies.

According to Statistica, Azure controls 33.1% of the worldwide Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) hyperscaler market share this year. This combined with Structure Research's findings that project the managed Public Cloud market will reach $11.8 billion in 2026 at a five-year annual growth rate of 29.2%, Otava Managed Azure Cloud presents a significant growth opportunity for the business.

"As edge computing and cloud become higher priorities, small and medium-sized businesses need to find a way to succeed in the digital landscape. Otava Managed Azure Cloud is a critical addition to our broad portfolio of secure and compliant hybrid cloud and security services. I'm very proud of our extremely talented team for bringing to market a complimentary fully managed, high-value Azure Cloud solution. We are excited to support our customers and partners seeking higher levels of agility, efficiency, and security with Azure Cloud while freeing their own IT staff to achieve greater performance in the areas where they are needed most."

Brad Cheedle, CEO, Otava.


With Otava's Managed Azure Cloud, businesses gain the advantages of cloud computing, while the management and maintenance is handled by cloud experts. The service ensures continuous improvement with workload migration, cloud environment configuration, built-in governance, security solutions, data protection, and monitoring with analysis. Otava's deep experience in cloud security, compliance, and cost containment helps customers to achieve cost management, regulatory compliance, accelerated app delivery, scalability and business agility. All Otava services are backed by a world-class support team available 24/7/365.

Otava is an industry-leading compliant hybrid cloud provider with locations around the world. Its portfolio is designed to provide a clear path to hybridity for companies navigating the cloud native landscape. Otava's cloud platform delivers simplicity, transparency, and flexibility with a range of management and infrastructure levels to accommodate unique needs. Each cloud solution is supported by fully integrated services such as backup, security, and disaster recovery that can connect to public cloud or on-premise environments. Otava gives its customers the power to innovate within a secure and compliant environment.

About Otava
Founded in 1994, Otava is a cloud solutions provider on a mission to make hybrid cloud hosting easy for service providers, public sector clients and enterprise organizations. Its portfolio of flexible and compliant solutions includes hybrid private and shared cloud hosting, colocation, data protection, backup and security offerings. Otava's high-touch, consultative team works closely with clients to deliver exceptional results every time.

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Cloud Storage

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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