HPE snaps up IAM startup Scytale to up edge-to-cloud security game

Business NewsUpdate | February 04, 2020

Enterprises worldwide are embracing hybrid environments and moving critical workloads to the cloud. However, cloud security has become a major concern for cybersecurity professionals. Businesses need to be on a constant lookout for cloud-native cyberattacks. Tech major HPE has reportedly acquired cloud-native security startup Scytale for an undisclosed sum. The San Francisco, California-headquartered startup is built on the open-source SPIFFE (Secure Production Identity Framework for Everyone) protocol. According to Dave Husak, HPE fellow and general manager, cloud security will play a critical role in delivering on its unique, edge-to-cloud platform as-a-service strategy as the company progresses further into the field.

Spotlight

It all ties together. You want your sales reps to behave a certain way and close a certain amount of deals in specific verticals that match your company’s 3- and/or 5-year vision, but the systems you currently have in place to drive this behavior are not working for any number of reasons. Most likely, they’re too slow. Or too complicated. Or not scalable. Almost certainly, it’s at least one of the above—if not all three. Growing companies, especially enterprises, need big solutions to handle their sales operation’s size and complexity.

Spotlight

It all ties together. You want your sales reps to behave a certain way and close a certain amount of deals in specific verticals that match your company’s 3- and/or 5-year vision, but the systems you currently have in place to drive this behavior are not working for any number of reasons. Most likely, they’re too slow. Or too complicated. Or not scalable. Almost certainly, it’s at least one of the above—if not all three. Growing companies, especially enterprises, need big solutions to handle their sales operation’s size and complexity.

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DataBank Recapitalization Announced by DigitalBridge

DigitalBridge Group, Inc. | June 20, 2022

DigitalBridge Group, Inc. announced the recapitalization of DataBank, a leading countrywide edge data center platform, which is part of its portfolio. The first stage of the recapitalization will consist of selling ownership shares to Swiss Life Asset Management AG and EDF Invest affiliates. In addition, SLAM and EDF will buy 27 percent of DataBank's fully diluted equity holdings for $1.2 billion in cash from existing investors under the terms of the transaction. "Since we acquired DataBank in 2016, we have scaled its footprint, capacity and customer base in key metro areas across the United States, transforming DataBank from a business serving three markets with six facilities to the premier edge infrastructure platform serving twenty-seven markets across more than sixty-five facilities. The formation of this new permanent capital vehicle allows DigitalBridge shareholders to maintain significant exposure to the next phase of value creation at DataBank alongside our new co-investors while also freeing up significant capital at an attractive valuation to fuel additional digital M&A," said Marc Ganzi, CEO of DigitalBridge. DataBank is the largest edge infrastructure operator in the United States, enabling the world's leading organizations, technology companies, and content providers to deploy and manage mission-critical applications and data on a nationwide platform. More than 65 data centers, 20 interconnection hubs in more than 27 markets, on-ramps to an ecosystem of cloud providers, and a modular edge data center architecture make up DataBank's portfolio. "This recapitalization allows us to accelerate our expansion efforts and capture the substantial secular growth in edge computing. DataBank is strategically positioned as the leading platform to deliver and enable the network edge ecosystem as a shift from traditional centralized infrastructures continues to evolve to the edge," Raul Martynek, DataBank's CEO DigitalBridge's ownership interests in DataBank will reduce to 15.5 percent upon completion of this initial phase of the recapitalization, and DigitalBridge will receive cash proceeds of $230 million, implying a pre-transaction net value of $906 million, inclusive of the retained net worth of $676 million, as announced in this release. Before the recapitalization's scheduled completion in the fourth quarter of 2022, incremental new investors, including DigitalBridge, are expected to acquire ownership interests in DataBank from existing investors, including DigitalBridge. Various closing conditions, including regulatory approvals, will be imposed on the recapitalization transactions. A Current Report on Form 8-K filed by the Company with the US Securities and Exchange Commission contains more data about the recapitalization's principal provisions. Swiss Life Asset Managers were advised by financial advisor DH Capital and legal advisor Vinson & Elkins LLP. Goldman Sachs served as a financial advisor, and Proskauer Rose LLP served as a legal advisor to DataBank. Wachtell, Lipton, Rosen & Katz served as legal counsel to DigitalBridge. In addition, DigitalBridge's Independent Transaction Committee of the Board of Directors hired PJT Partners as its exclusive financial advisor.

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Omnispace Bolsters Commercial Leadership to Advance its Global 5G Connectivity Partnership Efforts

Omnispace | January 12, 2022

Omnispace, the company that is redefining mobile communications by building a global hybrid network, today announced the expansion of its commercial team. Mahantesh Patil, Carmen Gonzalez, Shahrokh Khanzadeh Amiri, and Ramesh Pattanshetti will play a key role in building strategic partnerships as the company prepares to deliver the world's first global 5G hybrid mobile network. "We are pleased to welcome Mahantesh, Carmen, Shahrokh, and Ramesh to Omnispace,We are adding four seasoned business development and sales professionals ready to grow our footprint across key regional markets. They will be instrumental in executing across industries that are shaping applications requiring global real-time connectivity, such as IoT, connected vehicles, smart infrastructure, agriculture, and more. We are fortunate to have their business and technical expertise as we engage with partners to deliver satellite-based 5G services to compatible devices, everywhere." Ram Viswanathan, president and CEO Omnispace will be the first to enable the transformative power of 5G through a single worldwide network direct-to-devices. The network will empower mobile network operators and value added resellers to fuel innovation, power industries, and connect billions of users. The new team members are: Mahantesh Patil, will lead business development in the Asia-Pacific (APAC) and Africa regions and will focus on partnerships with mobile operators and IoT providers. He brings more than 20 years of experience in accelerating enterprise opportunities for telecom operators, across Asia and India to Omnispace. Having worked in senior leadership roles at leading satellite and mobile telecom companies, such as Skylo , Sandvine and Astellia (now part of Exfo), his expertise includes developing and growing relationships with enterprise, regulatory and government sector satellite, telecom and internet of things (IoT) providers. Carmen Gonzalez-Sanfeliu will lead business development in the Americas and Europe and will focus on partnerships with mobile operators and other distribution channels. She brings more than 30 years of international telecom and satellite industry experience supporting business opportunities and alliances with telecom regulatory entities to Omnispace. Her experience includes building global and regional business relationships and alliances with telecom and public sector organizations, governmental and NGO institutions for companies such as ABS Global, Intelsat and PanAmSat. Shahrokh Khanzadeh Amiri will lead business development in the Middle East and North Africa (MENA) and will focus on partnerships with distribution channels. He has more than 25 years of expertise successfully leading regional sales, marketing and business development teams with strategic partners. He has worked for some of the world's top media, networks, multinational corporations, including Intelsat, PanAmSat and Telenor. Ramesh Pattanshetti, will focus on customer solutions engineering and technical sales for Omnispace's 5G connectivity solutions. He brings more than two decades of experience in telecommunications, along with satellite based 3GPP network development and deployment to Omnispace. Previously, at Skylo Technologies, Maxis Group and Norconsult Telematics, he garnered extensive hands-on experience in the wireless communications and IoT fields, and has led diverse global teams to execute business telecom market business strategies. "Omnispace continues to build a world-class team with these new commercial hires, along with the recent enhancements to our Regulatory department. We look forward to accelerating our activities as we execute our vision of creating the worlds first space-based 5G network," said Viswanathan. The Omnispace 5G NTN network will utilize the 3GPP standard, backed by the leading global telecommunications and manufacturers, to ensure the security and seamless interoperability with any compatible device. The Omnispace network will utilize the company's existing 2 GHz priority spectrum rights, seamlessly integrating satellite and terrestrial into a single network. About Omnispace, LLC Headquartered in the Washington D.C. area, and founded by veteran telecommunications and satellite industry executives, Omnispace is redefining mobile connectivity for the 21st century. By leveraging 5G technologies, the company is combining the global footprint of a non-geostationary satellite constellation with the mobile networks of the world's leading telecom companies to bring an interoperable "One Global Network" connectivity to users and IoT devices worldwide.

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DataBank Announces Strategic Investment in EdgePresence

prnewswire | October 21, 2020

DataBank, a leading provider of enterprise-class colocation, connectivity, and managed services, today announced that it has made a $30M strategic investment in EdgePresence, an owner and operator of multi-tenant, modular data centers, providing space, power, bandwidth, and interconnection across key U.S. markets. EdgePresence's Edge Data Centers (EDCs) are modular, purpose-built data centers, comprehensively and compactly designed to include critical power, monitoring, physical security and cooling. Located at targeted locations at the base of cell towers, key real estate, and enterprise campus locations, these EDCs will enable DataBank to colocate its customer workloads at the "far edge" to further reduce latency and improve performance for select applications.

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