Go to Original Article
More than 15,000 companies in the IT services sector received loans under the federal government’s Paycheck Protection Act.
The Small Business Administration (SBA) this week released data on Paycheck Protection Program (PPP) loan recipients at the $150,000 level and above. The data covers about 75% of the $521 billion in loans approved for businesses and nonprofits, according to the SBA.
The 15,000-plus IT service providers were identified through North American Industry Classification System (NAICS) codes corresponding to computer services and hosting services, categories managed service providers (MSPs) often use to classify themselves. Service providers amounted to about 2.3% of the 660,000-plus organizations receiving PPP loans of $150,000 or more. That 2.3% slice means companies in the NAICS codes studied have received around $7.8 billion in loans, or more than $500,000 each on average.
SBA’s PPP initiative was established under the $2 trillion CARES Act economic stimulus package. The program aims to help businesses such as MSPs meet their payroll costs and retain employees. Recipients that meet certain criteria may qualify for partial or total loan forgiveness. Organizations began applying for loans in April. The program got off to a rocky start, with problems including robotic processing automation bots that clogged the SBA’s loan filing system.
An SBA spreadsheet containing data on the PPP loan recipients is available here.
An additional data point regarding service providers’ use of PPP comes from industry association CompTIA. CompTIA’s June COVID-19 survey found 44% of respondents had either received a PPP loan or were awaiting payments. The industry organization polled 231 CompTIA community and council members, including managed services members as well as emerging technology and IT security members. CompTIA said service providers and MSPs were significantly more likely to have applied for PPP loans compared with other CompTIA communities — 65% of service providers and MSPs reported applying for loans. Overall, about 40% of CompTIA’s U.S. members, which include IT vendors as well as service providers, have applied for a PPP loan.
CompTIA members commenting on the PPP loans cited the ability to handle short-term cash flow issues, provide full employment and create a safety net should conditions deteriorate, according to the organization.
Cloudera’s private cloud offering is slated for generally availability this summer and channel partners are expected to play a key role its launch.
Cloudera Data Platform (CDP) Private Cloud is currently available as a tech preview. The San Jose, Calif., company selected Red Hat OpenShift earlier this year as the analytics platform’s preferred container technology. Gary Green, Cloudera’s vice president of strategic partnerships, said systems integrators and outsourcing firms are expected to be “instrumental in migrating workloads” to CDP Private Cloud.
In one example, Cloudera plans to work with Accenture and Red Hat to transition joint customers, and their legacy workloads, to a private cloud infrastructure based on CDP Private Cloud and OpenShift, Green noted.
He also cited partnerships with Deloitte and India-based integrators and outsourcers. Overall, Cloudera partners with value-added resellers and distributors, ISVs, hardware vendors and cloud partners in addition to integrators and outsourcing vendors. Cloudera in November 2019 revamped its Connect partner program.
Managed storage as a service vendor Zadara plans to expand its roster of MSP partners.
Zadara, based in Irvine, Calif., works with MSPs that focus on enterprise customers, according to Zadara CEO Nelson Nahum. The company has about 200 active MSP partner locations globally today, and by the end of 2021, aims to have to 1,000 MSP partner locations.
“Our goal is to continue to grow this [MSP] footprint,” Nahum said.
Nahum noted that Zadara also works with value-added resellers to offer the company’s storage products.
Zadara’s chief marketing officer, Tim DaRosa, said the company is currently redeveloping its approach to partner activation, which involves rethinking its activation methodology and how Zadara goes to market with partners. To that end, he said the vendor is redesigning its partner portal, launching a video tutorial series and creating a technical certification program. DaRosa added that Zadara is also working with consultancy BlitzMasters to provide MSPs with sales and marketing training.
Additional reporting by Paul Crocetti and Spencer Smith. Market Share is a news roundup published every Friday.
Go to Original Article
Just received this RMA replacement which is still brand new and factory sealed. This is however a 3 slot card and the case I want to put it in only supports 2 slot cards, so looking to trade it for 2 slot card. I don’t mind if its a faster or slower card (within reason) and I’m happy to adjust either way with cash on top etc. Pretty much anything considered but in an ideal world it should have warranty and be from a smoke free home.
EVGA North America’s #1 NVIDIA partner.
Go to Original Article
Data storage vendors received $2.1 billion in private funding in 2019, according to SearchStorage.com analysis of data from websites that track venture funding. Not surprisingly, startups in cloud backup, data management and ultrafast scale-out flash continue to attract the greater interest from private investors.
Six private data storage vendors closed funding rounds over more than $100 million in 2019, all in the backup/cloud sector. It’s a stretch to call most of these startups — all but one of the companies have been selling products for years.
A few vendors with disruptive storage hardware also got decent chunks of money to build out arrays and storage systems, although these rounds were much smaller than the data protection vendors received.
According to a recent report by PwC/ CB Insights MoneyTree, 213 U.S.-based companies closed funding rounds of at least $100 million last year. The report pegged overall funding for U.S. companies at nearly $108 billion, down 9% year on year but well above the $79 billion total from 2017.
Despite talk of a slowing global economy, data growth is expected to accelerate for years to come. And as companies mine new intelligence from older data, data centers need more storage and better management than ever. The funding is flowing more to vendors that manage that data than to systems that store it.
“Investors don’t lead innovation; they follow innovation. They see a hot area that looks like it’s taking off, and that’s when they pour money into it,” said Marc Staimer, president of Dragon Slayer Consulting in Beaverton, Ore.
Here is a glance at the largest funding rounds by storage companies in 2019, starting with software vendors:
Kaseya Limited, $500 million: Investment firm TPG will help Kaseya further diversify the IT services it can offer to manage cloud providers. Kaseya has expanded into backup in recent years, adding web-monitoring software ID Agent last year. That deal followed earlier pickups of Cloud Spanning Apps and Unitrends.
Veeam Software, $500 million: Veeam pioneered backup of virtual machines and serves many Fortune 500 companies. Insight Partners invested half of a billion dollars in Veeam in January 2019, and followed up by buying Veeam outright in January 2020 for a $5 billion valuation. That may lead to an IPO. Veeam headquarters are shifting to the U.S. from Switzerland, and Insight plans to focus on landing more U.S. customers.
Rubrik, $261 million: The converged storage vendor has amassed $553 million since launching in 2014. The latest round of Bain Capital investment reportedly pushed Rubrik’s valuation north of $3 billion. Flush with investment, Rubrik said it’s not for sale — but is shopping to acquire hot technologies, including AI, data analytics and machine learning.
Clumio, $175 million: Sutter Hill Ventures provided $40 million in April, on top of an $11 million 2017 round. It then came back for another $135 million bite in November, joined by Altimeter Capital. Clumio is using the money to add cybersecurity to its backup as a service in Amazon Web Services.
Acronis, $147 million: Acronis was founded in 2003, so it’s halfway into its second decade. But the veteran data storage vendor has a new focus of backup blended with cybersecurity and privacy, similar to Clumio. The Goldman Sachs-led funding helped Acronis acquire 5nine to manage data across hybrid Microsoft clouds.
Druva, $130 million: Viking Global Investors led a six-participant round that brought Druva money to expand its AWS-native backup and disaster recovery beyond North America to international markets. Druva since has added low-cost tiering to Amazon Glacier, and CEO Jaspreet Singh has hinted Druva may pursue an IPO.
Innovations in storage hardware underscore the ascendance of flash in enterprise data centers. Although fewer in number, the following storage startups are advancing fabrics-connected devices for high-performance workloads.
Over time, these data storage startups may mature to be able to deliver hardware that blends low latency, high IOPS and manageable cost, emerging as competitors to leading array vendors. For now, these products will have limited market to companies that needs petabytes (PB) (or more) of storage, but the technologies bear watching due to their speed, density and performance potential.
Lightbits Labs, $50 million: The Israel-based startup created the SuperSSD array for NVMe flash. The Lightbits software stack converts generic in-the-box TCP/IP into a switched Ethernet fabric, presenting all storage as a single giant SSD. SuperSSD starts at 64 PB before data reduction. Dell EMC led Lightbits’ funding, with contributions from Cisco and Micron Technology.
Vast Data, $40 million: Vast’s Universal Storage platform is not for everyone. Minimum configuration starts at 1 PB. Storage class memory and low-cost NAND are combined for unified block, file and object storage. Norwest Venture Partners led the round, with participation from Dell Technologies Capital and Goldman Sachs.
Honorable mentions in hardware include Pavilion Data Systems and Liqid. Pavilion is one of the last remaining NVMe all-flash startups, picking up $25 million in a round led by Taiwania Capital and RPS Ventures to flesh out its Hyperparallel Flash Array.
Liqid is trying to break into composable infrastructure, a term coined by Hewlett Packard Enterprise to signify the ability for data centers to temporarily lease capacity and hardware by the rack. Panorama Point Partners provided $28 million to help the startup flesh out its Liqid CI software platform.
Go to Original Article
Received last week as an insurance replacement for my old MacBook which broke a few weeks ago. My insurance company ordered this direct from the Apple Refurb site (RRP £759) meaning you’ll get 12 months warranty too from Apple. You can find it on their website here. Only opened to take a…
Go to Original Article
Go to Original Article
Last week at Zscaler’s user conference, Zenith Live, Microsoft received Zscaler’s Technology Partner of the Year Award in the Impact category. The award was given to Microsoft for the depth and breadth of integrations we’ve collaborated with Zscaler on and the positive feedback received from customers about these integrations.
Together with Zscaler—a Microsoft Intelligent Security Association (MISA) member—we’re focused on providing our joint customers with secure, fast access to the cloud for every user. Since partnering with Zscaler, we’ve delivered several integrations that help our customers better secure their environments, including:
“We’re excited to see customers use Zscaler and Microsoft solutions together to deliver fast, secure, and direct access to the applications they need. The Technology Partner of the Year Award is a testament of Microsoft’s commitment to helping customers better secure their environments.”
—Punit Minocha, Vice President of Business Development at Zscaler
“The close collaboration between our teams and deep integration across Zscaler and Microsoft solutions help our joint customers be more secure and ensure their users stay productive. We’re pleased to partner with Zscaler and honored to be named Zscaler’s Technology Partner of the Year.”
—Alex Simons, Corporate Vice President of Program Management at Microsoft
We’re thrilled to be Zscaler’s Technology Partner of the Year in the Impact category and look forward to our continued partnership and what Zscaler.
Go to Original Article
Author: Microsoft News Center
Just received a brand new factory sealed EVGA GTX 1060 6GB SC Gaming ACX 2.0 GPU direct from EVGA as a warranty replacement. This is a brand new retail product and not a reconditioned example.
Comes with the more compact single fan ACX 2.0 cooler along with decent factory overclocks of 1835 MHz GPU core boost clock and 8008 MHz memory (effective).
Full Specifications: EVGA GeForce GTX 1060 SC GAMING, 06G-P4-6163-KR, 6GB GDDR5, ACX 2.0 (Single Fan)
It has warranty until 23/04/2020 which I’ll happily assist with or you can deal direct with EVGA.
Asking Only £220 Including Delivery
Collection welcome from Yate near Bristol, South West England.
Payment by Bank Transfer preferred or PayPal Gift.
Price and currency: £220
Delivery: Delivery cost is included within my country
Payment method: Bank Transfer or PayPal Gift
Location: Yate near Bristol, South West England
Advertised elsewhere?: Advertised elsewhere
Prefer goods collected?: I have no preference
DO NOT proceed with a deal until you are completely satisfied with all details being correct. It’s in your best interest to check out these details yourself.