Avaya files for Chapter 11 bankruptcy protection – again
This is the second time that the company is going through "financial restructuring"
Avaya, the legacy unified comms provider, has filed for Chapter 11 bankruptcy protection in a Texas court this week. This is the second time that the company has filed bankruptcy. The current proposal will cut $2... Read more
Zscaler buys Canonic Security to prop up its SaaS attacks prevention posture
Zscaler has announced its acquisition of Canonic Security, a cybersecurity startup specializing in protecting against attacks targeting software-as-a-service (SaaS) applications.
As more and more organizations adopt hundreds of SaaS applications, their users often connect thousands of third-part... Read more
Cloud infrastructure market grows slower, Microsoft Azure gaining on AWS
The combination of a robust US dollar and a sluggish Chinese economy led to a decline in growth for the cloud infrastructure market. Down to 21% from the previous year's 36%. Despite the slowdown, Synergy Research reports that the market still surpassed $61 billion for the quarter, with 12-month tr... Read more
DevOps solution GitLab is now available as single-tenant SaaS
GitLab unveiled GitLab Dedicated. The DevOps solution is now available as single-tenant software-as-a-service (SaaS). GitLab has long provided multi-tenant SaaS, but single-tenant environments weren't an option until now.
Most SaaS solutions run in third-party clouds. Single hardware systems ar... Read more
VMware posts increase in SaaS and subscription revenue
VMware posted a slight increase in revenue in its third financial quarter. Total sales ($3.2 billion) were less than analysts expected. The organization is increasingly driven by revenue from SaaS solutions and subscriptions.
VMware recently announced its third fiscal quarter results. Revenue ro... Read more
Gartner forecasts massive growth in public cloud service spending
Gartner forecasted a massive increase in the cloud service market in the coming years.
Since the introduction of SaaS in the global market, cloud services have been used by organizations worldwide. The cloud's popularity is on the rise. According to a study by Gartner, the use of cloud services ... Read more
Visma acquires education software vendor Datapass
Visma acquired Datapass to expand its activities in education. Datapass provides planning, control and monitoring software to educational organizations in the Netherlands.
No financial details were disclosed. With the acquisition, Visma gains a software vendor with customers in primary, seconda... Read more
€500 million startup Yokoy expands from Amsterdam to Spain
Yokoy announced an expansion into Spain. Earlier this year, the startup opened an office in Amsterdam to storm the European market. According to CNBC, the three-year-old company was recently valued at €500 million.
Yokoy develops spend management software. Clients use the technology to record... Read more
N-able’s Cove Data Protection aims to compete with Veeam, Datto and Commvault Metallic
N-able focuses on developing IT solutions for managed service providers (MSPs). It is best known for its RMM solutions, competing with Datto for example. However, N-able has put a lot of energy into a backup solution for MSPs, which it now offers under the name Cove Data Protection.
The company... Read more
DataGuard raises $61 million to improve data protection
DataGuard raised $61 million in capital to enhance its SaaS services, enabling clients to improve data privacy and protection.
Numerous businesses are facing multi-million dollar fines due to their negligence in maintaining data privacy and protection. Regulation is an unquestionable part of the... Read more