Snowflake Files for IPO on Monday, Reveals Financial Data for First Time

Snowflake | August 25, 2020

Cloud computing startup Snowflake Computing filed for an IPO on Monday, revealing its financial data for the first time as the company prepares to go public. The San Mateo, Calif.-based company said it more than doubled revenue to $242 million in the first half of 2020, with a net loss of $171.3 million, down from $177 million in 2019.

Snowflake’s data warehouse is a specialized type of cloud database built for analytical applications. The company has more than 3,100 customers including Brex, ConAgra Foods, Domino’s, JetBlue, and Nationwide. It has more than 20 offices worldwide, including a Seattle hub, and is one of the most valuable private tech startups in the world.

Founded in 2012, Snowflake sits in a unique position among other cloud service providers, partnering with giants such as Amazon and Microsoft but also competing against them. In its IPO filing, Snowflake listed Amazon Web Services, Microsoft Azure, and Google Cloud Platform under potential risk factors to the business. All three competitors offer their own data warehousing service.

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Veeam Backup & Replication v8 has introduced a new technology, named Cloud Connect, specifically developed to create and serve remote backup repositories. Cloud Connect is a new component that can be used by Service Providers who subscribed to the Veeam Cloud Provider Program (VCP) to offer to their customers Backup Storage as a Service, while every Veeam Backup & Replication v8 customer can buy this service from their service provider of choice to send backups offsite


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AVCtechnologies Announces Filing of Resale Registration Statement as Part of Funding Plan

American Virtual Cloud Technologies, Inc. | January 04, 2022

American Virtual Cloud Technologies announced that it has filed a resale registration statement on Form S-3 as part of several initiatives to raise growth capital and improve liquidity through an increased share float. Pursuant to its recent S-3 filing, AVCtechnologies has completed the registration of 37,916,668 shares which underlie warrants that were previously issued in accordance with previously announced financing transactions. These financings are a critical step in the company’s fundraising plan and will enable it to execute on its strategic growth initiatives such as the recently announced partnerships with Braidio and Etisalat. If all the warrants issued in the previously announced financing transactions are exercised, AVCtechnologies would receive approximately $41 million in incremental cash on its balance sheet, based on the warrant exercise prices, which currently range from $1.50 to $2.00 per share. To date, the Company has already raised approximately $35 million from the previously announced financing transactions. Full exercise of these warrants would also increase the public float of AVCtechnologies stock by nearly 19 million shares, as only half of the registered shares will actually be issued absent any adjustments to the terms of the warrants. The resale registration statements filed in connection with the financing transactions have registered 200% of the number of shares currently issuable upon exercise of the warrants, to comply with obligations under the transaction documents to “over-register” shares to provide for potential repricing of warrant strike prices without the need for additional registration statement filings. No dilution will occur from any non-issued registered shares. “With the latest S-3 filing, Phase I of our funding plan is complete and the Company will benefit from increased liquidity in the marketplace to the extent the remaining warrants are exercised. We are now in position to execute on Phase 2 of our funding strategy, the planned divestiture of Computex Technology Group, the proceeds from which, coupled with the Phase 1 proceeds, are expected to completely eliminate the Company’s debt and fully fund our plan.” Larry Mock, Chairman of the Board of AVCtechnologies Darrell J. Mays, CEO of AVCtechnologies, said, “Any additional capital received from the sale of these securities will be beneficial as we continue to expand our product offerings and accelerate our existing growth strategies with large enterprise customers.” AVCtechnologies previously announced that revenues of its Kandy Business Unit are projected to grow from $14.3 million in 2020 to approximately $18.8 million in 2021 and to more than $37 million in 2022. About American Virtual Cloud Technologies, Inc. American Virtual Cloud Technologies, Inc. is a premier global IT solutions provider offering a comprehensive bundle of services including unified cloud communications, managed services, cybersecurity, and enhanced connectivity. Our mission is to provide global technology solutions with a superior customer experience. In 2020, American Virtual Cloud Technologies, Inc., acquired Computex Technology Group and Kandy Communications.

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Nokia announces new Software-as-a-Service services in analytics security and monetization for CSPs and enterprises #MWC22

Nokia Oyj | February 21, 2022

Nokia announced two new Software-as-a-Service (SaaS) services in the areas of security and analytics, as part of its strategy to give communication service providers (CSPs) and enterprises a more flexible and cost effective way for servicing their customers, and operating and monetizing their networks, as advanced 5G services are rolled out. The new services follow Nokia’s recent launch into SaaS to help CSPs and enterprises accelerate the time to value they realize from their services offering by shifting to an agile model based on software consumed purely on demand through a subscription, and away from customized software run on costly, complex, on-premise infrastructure. As opposed to classic SIMs, embedded SIM (eSIM) and integrated SIM (iSIM) technologies can store and manage multiple subscription profiles remotely for authenticating users and devices on mobile networks. iSIM Secure Connect gives control to automate the entire eSIM/iSIM management process and will open opportunities to monetize services linked to trusted digital identities. Nokia’s iSIM Secure Connect, through a SaaS delivery model, enables CSPs and enterprises to securely manage machine-to-machine and consumer device subscriptions for eSIM- and iSIM-enabled devices. As 5G network complexity has increased the need for advanced analytics, Nokia is strengthening its AVA offering with new SaaS capabilities based on NWDAF (Network Data Analytics Function), part of 5G Standalone architecture. Nokia AVA NWDAF enhances network operations with AI/ML driven closed-loop automation, improves customer experience, and drives new sources of revenue. With its distributed architecture and open APIs, AVA NWDAF helps CSPs provide analytics at the network edge; implement analytics services defined by 3GPP; and create partnerships with software developers. AVA NWDAF will be commercially available in a SaaS delivery model later this quarter. Nokia’s iSIM Secure Connect is currently expected to be available as SaaS later this year, and will still be offered to customers in other deployment models. Nokia’s SaaS-based NetGuard Cybersecurity Dome and Nokia Anomaly Detection, both announced in November 2021, will be available later this quarter. NetGuard Cybersecurity Dome enables CSPs to assure 5G networks and monetize security tied with services like 5G slicing; while Nokia Anomaly Detection is a machine learning service aimed at finding and remediating network anomalies before they affect customers. Nokia plans to introduce other new SaaS services in the areas of core, digital operations, monetization, and private wireless later this year and into 2023. As its SaaS product roadmap evolves, Nokia expects to deliver essential capabilities through open-source application programming interfaces (APIs) that are operable across many hyperscale platforms. This will create a multi-vendor SaaS delivery framework that makes the most of Nokia’s partnerships with leading cloud providers and its ongoing investments in cloud-native software and other technologies. “To fully tap the wealth of opportunities that advanced 5G services offer, communication service providers and enterprises need new deployment models that enable faster service delivery to customers in a smarter, more cost-effective manner. Solution suppliers such as Nokia with its new Software-as-a-Service (SaaS) security and analytics services, are turning to SaaS as a means for helping the telecom space modernize and monetize investments faster.” Karl Whitelock, Research Vice President, Communications Service Provider Operations & Monetization at IDC Raghav Sahgal, President of Cloud and Network Services at Nokia, said: “Adopting Nokia AVA NWDAF and iSIM Secure Connect through the SaaS model will greatly improve the time-to-value that CSPs and enterprises can realize by having on-demand access to services. These latest Nokia SaaS services strengthen our leadership position in helping our customers change the very foundation of how our industry does business.” About Nokia At Nokia, we create technology that helps the world act together. As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

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Wipro Unveils a New “Cloud Car” Platform; Aims to Accelerate the Deployment of Software-Defined Vehicles

Wipro Limited | March 03, 2022

Wipro Limited a leading global information technology, consulting, and business process services company, today announced the launch of its “Cloud Car” platform, which will be unveiled during the Engineering the Cloud Car Ecosystem panel at MWC Barcelona. Wipro’s Cloud Car platform will bring together its Wipro FullStride Cloud Services and engineering capabilities with a best-in-class partner ecosystem as well as consortiums. A first in the industry, the platform will deliver auto makers an integrated, cloud-native software solution—equipped with an end-to-end cybersecurity system—to help them innovate faster at a lower cost and keep software-defined vehicles (SDVs) digitally relevant for years. “Today, most SDVs come with pre-set features that are difficult and time-consuming to upgrade, rendering them outdated as new technologies come to market. Our goal is to make it possible for automobile manufacturers to deliver vehicles that get better every day, so both they and generations of owners can drive better return on investments.” Thomas Mueller, CTO, Engineering and R&D Services, Wipro Limited Wipro’s Cloud Car platform will decouple previously integrated software and hardware, enabling manufacturers to validate and upgrade software at an unmatched digital scale. As a result, generations of owners will be able to customize their vehicles based on their unique and changing needs. Automobile manufacturers, on the other hand, will be able to address software failures via over-the-air updates, without having to resort to physical recalls. The ‘always-on,’ ‘feature-on-demand’ functionality will come with a robust cyber security and functional safety architecture and will help increase vehicles’ residual value. “By 2030, the vast majority of new vehicles will be SDVs,” added Mueller. “These cars will connect in real-time with the world around them. They will leverage artificial intelligence and machine learning to constantly gather data, provide valuable information and, eventually, make autonomous decisions. Unlocking the true potential of SDVs will require moving them to the cloud. We are fast forwarding to that future by making the Cloud Car ecosystem available to every automotive company in the world today.” The Cloud Car platform will also leverage a ‘shadow mode’ architecture, working passively in the background, gathering and consolidating data from sensors and cameras as well as the driver, which, over time, will help with the validation and safety of autonomous functionalities. About Wipro Limited Wipro Limited is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

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8x8 and Ingram Micro Cloud Expand Distribution Partnership with New Resale Go-To-Market Strategy

8x8 Inc. | May 20, 2022

8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today announced an expanded distribution relationship and resale go-to-market strategy with Ingram Micro Cloud, a global technology solutions provider and operator of one of the world’s largest cloud marketplaces for the channel. The new agreement with Ingram expands the number of reseller partners helping organizations move off legacy on-premises systems to the cloud with the 8x8 XCaaS™ (eXperience Communications as a Service™) integrated cloud communications and contact center solution Ingram Micro Cloud delivers a full spectrum of global technology and premium cloud services to businesses around the world, helping businesses realize the promise of technology. A key 8x8 distribution alliance since 2017, the expanded agreement now allows Ingram Micro Cloud partners to resell 8x8 XCaaS, which includes integrated cloud contact center, voice, team chat, and video meetings capabilities, and continue owning the customer relationship by delivering professional services, providing technical support, and billing clients directly to recognize top line revenue. This business alignment enables the Ingram Micro Cloud partner community to expand their cloud communications, collaboration, and contact center portfolio, and offer 8x8 XCaaS to organizations seeking to enhance employee and customer experience. With 8x8, Ingram Micro Cloud resellers will benefit from a single-vendor integrated solution that is capable of handling all of their customers’ communications, collaboration, and engagement technology needs, including professional and managed services. According to the Gartner® report, Selecting the Best External Calling Option for Microsoft Teams1, “By 2024, 20% of total Microsoft Teams active users will adopt telephony services for external calling on Teams.” As one of the largest Microsoft distributors globally, Ingram Micro Cloud reseller partners can also capitalize on this large market opportunity by offering the 8x8 Voice for Microsoft Teams direct routing solution as well as 8x8 Contact Center for Microsoft Teams, which is certified by Microsoft. This will enable Ingram Micro Cloud partners to support organizations using Teams for collaboration that require global, enterprise-grade telephony and tightly integrated contact center capabilities. “This expanded agreement will offer differentiated services and additional go-to-market opportunities for our partners that align to their preferred business model,” said John Dusett, Executive Director, Cloud Services at Ingram Micro Cloud. "Resellers helping organizations accelerate digital transformation efforts to meet new work from anywhere requirements, can confidently offer 8x8 XCaaS to support their customers’ cloud communications and contact center needs, plus offer additional services, maximizing revenue opportunities.” Centered around the global 8x8 partner program, 8x8 is helping partners meet increasing demand for cloud solutions that allow mid-market, enterprise, and public sector organizations to optimize employee and customer engagement. The 8x8 partner program provides every member of 8x8’s channel community, from Master and Sub Agents to VARs, with the resources to grow their customer base, build new revenue streams, and increase profits. Growing together with our partners has been instrumental to the success of our channel strategy. We are greatly looking forward to expanding our distribution relationship by adding new resale opportunities with Ingram Micro Cloud. 8x8 XCaaS and our Teams solutions are providing channel partners with growing business opportunities to help organizations enhance employee and customer experiences to meet new work requirements.” Lisa Del Real, Global Channel Chief at 8x8, Inc. 8x8 XCaaS is built on the resilient, secure, and compliant 8x8 eXperience Communications Platform™, which offers the highest levels of reliability and the industry’s only financially backed, platform-wide 99.999 percent uptime SLA across an integrated cloud UCaaS and CCaaS solution. 8x8 Resale Program The 8x8 Resale Program differentiates itself by offering its partners multiple routes to market. Partners that participate in the program receive a dedicated 8x8 success team, large deal support, free demo systems, marketing support, and the ability to receive full certification in sales, deployment, and support at no cost. In addition, 8x8's best-in-class partner portal, PartnerXchange, hosts the latest resources for partners to grow their business, register deals, create quotes, and manage customers.

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Veeam Backup & Replication v8 has introduced a new technology, named Cloud Connect, specifically developed to create and serve remote backup repositories. Cloud Connect is a new component that can be used by Service Providers who subscribed to the Veeam Cloud Provider Program (VCP) to offer to their customers Backup Storage as a Service, while every Veeam Backup & Replication v8 customer can buy this service from their service provider of choice to send backups offsite

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