Visa Inc. | December 21, 2021
Visa announced it has completed the acquisition of Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments.
The acquisition will empower Visa and Currencycloud clients and partners to provide greater transparency, flexibility and control for consumers and businesses when making international payments or doing business in multiple currencies.
The acquisition builds on an existing strategic partnership between Currencycloud and Visa. Currencycloud’s cloud-based platform already supports over 500 banking and technology clients with reach in over 180 countries and will continue to serve and support its customers and partners across the industry.
About Visa Inc.
Visa Inc. is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.
Banks, fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud. Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.
CLOUD DEPLOYMENT MODELS
Mavenir | April 25, 2022
Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, has expanded its European capabilities with the establishment of an Open RAN Centre of Excellence in Germany.
Centred in Bonn, with satellite teams in Düsseldorf and Munich, the Centre of Excellence will support European Mobile Network Operators (MNOs) with Open Radio Access Network (Open RAN) engineering, planning, design, system integration and deployment.
Germany is a strong advocate for the development and adoption of Open RAN technologies. Open RAN is playing a key role in the country’s Mobile Network Transformation strategy: all German MNOs have committed to adopting Open RAN. The technology is also backed by Germany’s Federal Ministry of Transport and Digital Infrastructure, which announced €300 million ($344 million) in funding to develop and test Open RAN technology in the country.
Vishant Vora, President, Global Operations and Managed Services at Mavenir, said, “Mavenir’s Centre of Excellence in Germany is developing advanced Open RAN end-to-end skills, and supporting our German customers with localised support to accelerate Open RAN deployments.”
This latest Centre of Excellence further extends access to Mavenir’s Open RAN expertise across Europe and complements existing R&D design centres of excellence in Sweden, the Czech Republic, and the United Kingdom.”
Puneet Sethi, Senior Vice President and General Manager of RAN Business at Mavenir
This announcement builds on Mavenir’s leadership in Open RAN. Earlier in the year, Mavenir launched the comprehensive OpenBeam™ portfolio of O-RAN compliant radio products, which provide MNOs with Open RAN solutions spanning micro, macro, millimeter wave (mmWave), and massive MIMO (mMIMO) use cases.
Mavenir is a multinational organisation delivering a regional focus through its globally placed offices and centres of excellence, driving the knowledge and innovation across the regions. The Centre of Excellence in Germany builds on Mavenir’s growing global presence with its network of dedicated Centres of Excellence and Innovation. It joins the Open vRAN, 5G, Artificial Intelligence/Machine Learning (AI/ML), open virtualized Multi Radio Access Technology (vMRAT), and software/system design for Open RAN Radio Units Centres located across EMEA, as well as the NFV/SDN Cloud Innovation Centres in North America, India, and Asia Pacific.
Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud. As the industry's only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers and Enterprises in over 120 countries, which serve more than 50% of the world’s subscribers.
CLOUD APP DEVELOPMENT
ThoughtSpot | May 11, 2022
ThoughtSpot, the Modern Analytics Cloud company, today announced the launch of three new editions: Team Edition, Pro Edition, and a special bundle for startups, nonprofits, and education institutions. These are the first offerings from the company specifically for small teams and individuals. As part of these editions, ThoughtSpot also announced a consumption-based pricing model, where customers pay only for what they use instead of wasting resources on shelfware licenses sold by traditional analytics providers.
Today, customers can get started with Team Edition for a flat fee of $95 per month for a single user-group with unlimited users. Pro Edition starts at $2500 per month for up to 5 user-groups with unlimited users. Pro Edition customers will only pay for what they consume, based on actual queries. Startups, nonprofits, and education institutions with less than 100 people and less than $10M in annual revenue can take advantage of a special flat fee offer for Pro Edition, with per query charges waived. For the most demanding enterprise deployments, ThoughtSpot Enterprise Edition provides maximum scale with unlimited users, unlimited data, unlimited user groups, and enterprise-grade support SLAs. Enterprise Edition customers will only pay for what they use based on actual queries.
The new editions were unveiled alongside a major expansion to the company’s platform capabilities at Beyond, ThoughtSpot’s annual customer conference. Combined with these new editions, the announcements significantly advance the company’s product-led growth strategy.
Creating a new vector for growth
Companies have long recognized the value of their data to improve their business on multiple fronts, as research from Harvard Business Review demonstrates, but the lack of true self service analytics kept most organizations from realizing these benefits. The Modern Analytics Cloud from ThoughtSpot is the first analytics platform specifically built to deliver this self-service experience with Live Analytics. With ThoughtSpot, data is truly democratized.
Historically, ThoughtSpot was packaged to enable large deployments across organizations. With the launch of these new editions, companies can move beyond dead dashboards and put the power of Live Analytics in the hands of any size team, including individuals. With an affordable pricing model that starts at just $95 per month, the new editions meet the budgetary realities of any business. Pricing is also based on consumption, meaning customers only pay for the value they create with ThoughtSpot instead of being locked into user-based pricing and shelfware.
Leveraging the company’s SaaS platform, the new editions can be used immediately because it instantly connects to customers’ cloud data platforms like Snowflake, Databricks, Google BigQuery, AWS, Azure, and more. Just as ThoughtSpot democratizes data for any kind of user, the new editions democratize the Modern Analytics Cloud for any kind of organization.
ThoughtSpot is the Modern Analytics Cloud company. Our mission is to create a more fact-driven world with the easiest to use analytics platform. With ThoughtSpot, anyone can leverage natural language search and AI to find data insights and tap into the most cutting edge innovations the cloud data ecosystem has to offer. Companies can put the power of their modern data stack in the hands of every employee, extend the value of their data to partners and customers, and automate entire business processes. ThoughtSpot enables everyone within an organization to limitlessly engage with live data regardless of their cloud data platform, making it easy to achieve granular, actionable insights through Live Analytics. Customers can take advantage of ThoughtSpot’s web and mobile applications to improve decision making for every employee. With ThoughtSpot’s developer-friendly platform, ThoughtSpot Everywhere, customers can also bring the Modern Analytics Cloud to their products and services, engaging users and keep them coming back for more. Organizations like Walmart, BT, T-Mobile, Snowflake, HubSpot, Exxon, Daimler, Medtronic, Hulu, Royal Bank of Canada, Nasdaq, OpenTable, Workato, and Nationwide Building Society rely on ThoughtSpot to transform how their employees and customers take advantage of data.
CLOUD COMPLIANCE AND AUDIT
Oracle | April 21, 2022
Oracle today announced the availability of Oracle Exadata Cloud Infrastructure X9M, the latest generation of the most powerful Oracle Database platform in Oracle Cloud Infrastructure (OCI). With Oracle Autonomous Database Service or Oracle Exadata Database Service running on Exadata Cloud Infrastructure X9M, customers can run existing workloads faster, with greater scale, and at a lower cost than previous generations. In addition, when upgrading from X8M to X9M, organizations can reduce costs by consolidating hundreds of OTLP, analytics, and mixed database workloads onto a single cloud service.
Exadata Cloud Infrastructure X9M offers up to 8,064 database server vCPUs, 2.5 times more than X8M, and up to 3.1 PB of uncompressed database capacity, a 28 percent increase. Together with 80 percent faster internal networks, and twice the bandwidth to application server clients, customers can run OLTP workloads with extremely low sub-19 microsecond SQL IO latency and up to 87 percent more IOPS. Exadata Cloud Infrastructure X9M on OCI also accelerates analytics workloads in the cloud with 80 percent faster scan rates of up to 2.88 TB/s.
"Autonomous Database and Exadata Database Service uniquely provide stock exchange-level performance, availability, and security transparently to all apps.With Exadata Cloud Infrastructure X9M, we adopted the latest CPU, networking, and storage hardware, and optimized our software to deliver Oracle's highest performance, most scalable, and most cost-effective cloud infrastructure for developing and running Oracle Database workloads—all at the same price as the previous generation."
Juan Loaiza, executive vice president, Mission-Critical Database Technologies, Oracle.
More OLTP and Analytics Performance and Scale
The high level of performance delivered by Exadata Cloud Infrastructure X9M helps customers process more mission-critical transactions in less time and develop greater insights by analyzing larger amounts of data faster and with more sophisticated analytical algorithms. Additionally, the ability to consolidate more workloads on less infrastructure as compared to X8M reduces costs. Exadata Cloud Infrastructure X9M provides the following advantages over other cloud databases:
Sub-19 microsecond IO latency—25 times better than the half-millisecond latency offered by Amazon RDS, and 50 times better than the one millisecond latency offered by Microsoft Azure SQL—directly improves OLTP responsiveness and throughput.
With 64 storage servers, X9M delivers up to 2880GB/s of aggregate analytics scan throughput—137 times faster than possible with a single Azure SQL (21GB/s) and 384 times faster than Amazon RDS (7.5GB/s) instance.
Continuous Operations for Mission-Critical Databases
Exadata's fault-tolerant hardware and integration with Oracle Real Application Clusters (RAC) provides continuous operations across failures and enables infrastructure to be expanded, upgraded, and updated without interruption. The scaling of other cloud databases often requires downtime when moving from one pre-defined virtual machine shape to another. Exadata Cloud Infrastructure X9M supports scaling up consumption on database servers and scaling out the number of database servers used—all without migrating databases or taking downtime. With the ability to use four to 252 vCPUs per database server and two to 32 database servers per system, enterprises can consolidate mission-critical databases in the cloud without running out of resources.
Greater Flexibility and Scale for Autonomous Database and Developers
Organizations and developers deploying Autonomous Database on OCI can now increase performance and reduce costs by using more database and storage resources than previously possible on the X8M system. Autonomous Database customers have the flexibility to deploy the full range of Exadata Cloud Infrastructure X9M configurations in dedicated Autonomous Database environments. This enables customers to use additional vCPUs to execute more OLTP queries concurrently and more storage servers to parallelize analytics workloads with up to 38 times more scan throughput than possible with X8M. As a result, customers will be able to run database workloads faster, consolidate more of them on less infrastructure, and reduce costs. Additionally, Autonomous Database drives further cost reductions with less administration, consumption-based auto-scaling, and consolidation of up to five databases in one vCPU for lighter workloads such as development, microservices, and small databases.
Customers and Analysts Comment on X9M in OCI
Letsbank is a leading digital bank in Brazil for small and medium-sized businesses. "With Oracle Exadata Database Service, we've gained flexibility and the assurance that if there's abrupt growth or a spike, the bank will support that load," said Vitor Oliveira, head of Cloud and DevOps, Letsbank. "We've also improved performance by 2,000 percent, as well as security and reliability. We look forward to the advantages that Oracle Exadata Database Service X9M will bring to further enable our expansion and enhance the customer experience."
Martin Brower is a multi-billion-dollar supply chain company that supports over 25,000 restaurants in 18 countries. "We use Exadata Database Service with Exadata X8M infrastructure to accelerate analysis of our customer data warehouses, allowing us to run reports in a few minutes instead of hours," said Wayne Gryzbek, vice president of IT, Martin Brower. "Analyzing larger amounts of data and doing it faster has helped us become more competitive in the marketplace. We look forward to further accelerating analytics and generating deeper customer insights by using the higher levels of performance and capacity available with Exadata Cloud Infrastructure X9M."
"What's truly exciting about Oracle's Exadata Cloud Infrastructure X9M announcement is that they're the first to deploy in production the power and performance of AMD CPUs with Intel's persistent memory (PMem) in a single system," said Marc Staimer, senior analyst, Wikibon. "Oracle tightly integrated 64 core AMD CPUs in its Exadata Cloud Infrastructure database servers, RDMA networking, and the latest Ice Lake Intel CPUs with Intel Optane PMem on storage servers. The result is the highest performing enterprise multi-model cloud database platform available today."
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud.