Jun
26
2018
--

With Cloud Filestore, the Google Cloud gets a new storage option

Google is giving developers a new storage option in its cloud. Cloud Filestore, which will launch into beta next month, essentially offers a fully managed network attached storage (NAS) service in the cloud. This means that companies can now easily run applications that need a traditional file system interface on the Google Cloud Platform.

Traditionally, developers who wanted access to a standard file system over the kind of object storage and database options that Google already offered had to rig up a file server with a persistent disk. Filestore does away with all of this and simply allows Google Cloud users to spin up storage as needed.

The promise of Filestore is that it offers high throughput, low latency and high IOPS. The service will come in two tiers: premium and standard. The premium tier will cost $0.30 per GB and month and promises a throughput speed of 700 MB/s and 30,000 IOPS, no matter the storage capacity. Standard-tier Filestore storage will cost $0.20 per GB and month, but performance scales with capacity and doesn’t hit peak performance until you store more than 10TB of data in Filestore.

Google launched Filestore at an event in Los Angeles that mostly focused on the entertainment and media industry. There are plenty of enterprise applications in those verticals that need a shared file system, but the same can be said for many other industries that rely on similar enterprise applications.

The Filestore beta will launch next month. Because it’s still in beta, Google isn’t making any uptime promises right now and there is no ETA for when the service will come out of beta.

Jun
11
2018
--

SoftBank Vision Fund leads $250M Series D for Cohesity’s hyperconverged data platform

San Jose-based Cohesity has closed an oversubscribed $250M Series D funding round led by SoftBank’s Vision Fund, bringing its total raised to date to $410M. The enterprise software company offers a hyperconverged data platform for storing and managing all the secondary data created outside of production apps.

In a press release today it notes this is only the second time SoftBank’s gigantic Vision Fund has invested in an enterprise software company. The fund, which is almost $100BN in size — without factoring in all the planned sequels, also led an investment in enterprise messaging company Slack back in September 2017 (also a $250M round).

Cohesity pioneered hyperconverged secondary storage as a first stepping stone on the path to a much larger transformation of enterprise infrastructure spanning public and private clouds. We believe that Cohesity’s web-scale Google-like approach, cloud-native architecture, and incredible simplicity is changing the business of IT in a fundamental way,” said Deep Nishar, senior managing partner at SoftBank Investment Advisers, in a supporting statement.

Also participating in the financing are Cohesity’s existing strategic investors Cisco Investments, Hewlett Packard Enterprise (HPE), and Morgan Stanley Expansion Capital, along with early investor Sequoia Capital and others.

The company says the investment will be put towards “large-scale global expansion” by selling more enterprises on the claimed cost and operational savings from consolidating multiple separate point solutions onto its hyperconverged platform. On the customer acquisition front it flags up support from its strategic investors, Cisco and HPE, to help it reach more enterprises.

Cohesity says it’s onboarded more than 200 new enterprise customers in the last two quarters — including Air Bud Entertainment, AutoNation, BC Oil and Gas Commission, Bungie, Harris Teeter, Hyatt, Kelly Services, LendingClub, Piedmont Healthcare, Schneider Electric, the San Francisco Giants, TCF Bank, the U.S. Department of Energy, the U.S. Air Force, and WestLotto — and says annual revenues grew 600% between 2016 and 2017.

In another supporting statement, CEO and founder Mohit Aron, added: “My vision has always been to provide enterprises with cloud-like simplicity for their many fragmented applications and data — backup, test and development, analytics, and more.

“Cohesity has built significant momentum and market share during the last 12 months and we are just getting started.”

Apr
04
2018
--

AWS launches a cheaper single-zone version of its S3 storage service

AWS’ S3 storage service today launched a cheaper option for keeping data in the cloud — as long as developers are willing to give up a few 9s of availability in return for saving up to 20 percent compared to the standard S3 price for applications that need infrequent access. The name for this new S3 tier: S3 One Zone-Infrequent Access.

S3 was among the first services AWS offered. Over the years, the company added a few additional tiers to the standard storage service. There’s the S3 Standard tier with the promise of 99.999999999 percent durability and 99.99 percent availability and S3 Standard-Infrequent Access with the same durability promise and 99.9 percent availability. There’s also Glacier for cold storage.

Data stored in the Standard and Standard-Infrequent access tiers is replicated across three or more availability zones. As the name implies, the main difference between those and the One Zone-Infrequent Access tier is that with this cheaper option, all the data sits in only one availability zone. It’s still replicated across different machines, but if that zone goes down (or is destroyed), you can’t access your data.

Because of this, AWS only promises 99.5 percent availability and only offers a 99 percent SLA. In terms of features and durability, though, there’s no difference between this tier and the other S3 tiers.

As Amazon CTO Werner Vogels noted in a keynote at the AWS Summit in San Francisco today, it’s the replication across availability zones that defines the storage cost. In his view, this new service should be used for data that is infrequently accessed but can be replicated.

An availability of 99.5 percent does mean that you should expect to experience a day or two per year where you can’t access your data, though. For some applications, that’s perfectly acceptable, and Vogels noted that he expects AWS customers to use this for secondary backup copies or for storing media files that can be replicated.

Apr
02
2018
--

Activist investors Elliott snag 10.3 percent stake in Commvault

Elliott Management, an investment firm long known for its activist streak, set it sights on Commvault today, purchasing a 10.3 percent stake and nominating four Elliott-friendly members to the company’s board of directors. It likely means that Elliott is ready to push the company to change direction and cut costs, if it sticks to its regular MO.

As an older public company founded in 1988 with a strong product, but weak stock performance, Commvault represents just the kind of company Elliott tends to target. In its letter outlining why it acquired its stake in Commvault, it presented a stark picture of a company in decline.

As just one small example, Elliott discussed the stock performance and it didn’t pull punches or mince words when it stated:

“Commvault’s strategy, operations, execution and leadership over the past eight years have failed to generate returns to shareholders, despite a leadership position in a growing market with a product set that customers like and competitors respect. Commvault’s underperformance has been so profound that an investor would have been better off buying the NASDAQ index instead of Commvault’s stock on 99% of trading days in the last eight years. …”

Ouch.

As it is wont to do, Elliott buys a stake and then forces its way onto the board of directors and this deal is no different where it will be adding 4 members:

“Given the long-term issues at the Company, we believe the Board would benefit from fresh perspectives, primarily in the area of operational execution, software go-to-market experience and current technology expertise. The level of required change at the Company is significant and requires a Board with new and relevant experiences to guide the Company’s turnaround. We have been involved in dozens of similar situations and have worked constructively with many companies to add top-tier, C-suite executives and experienced Board members to these companies. For Commvault, we are submitting a group of highly qualified director nominees with what we believe is the right experience to help guide the Company on its path forward.”

As some examples of that past experience it alluded to in the letter, Elliott bought a stake in EMC in 2014 and began to pressure the Board to sell its stake in VMware. The company turned back the attempt and eventually sold out to Dell for $67 billion, still giving Elliott a nice return on its one percent investment in the company, no doubt.

More recently, it bought a  6.5 percent stake in Akamai in December. At the next earnings call in February, the company announced it was laying off 400 employees, which accounted for almost 5 percent of the worldwide workforce. The layoffs are consistent with cost cutting that tends to happen when Elliott buys a stake in a company.

What happens next for Commvault is difficult to say, but investors obviously think there is going to be some movement as the stock is up over 11 percent as of this writing. Chances are they are onto something, and given Elliott’s track record they are probably right.

Apr
02
2018
--

Activist investors Elliott snag 10.3 percent stake in Commvault

Elliott Management, an investment firm long known for its activist streak, set it sights on Commvault today, purchasing a 10.3 percent stake and nominating four Elliott-friendly members to the company’s board of directors. It likely means that Elliott is ready to push the company to change direction and cut costs, if it sticks to its regular MO.

As an older public company founded in 1988 with a strong product, but weak stock performance, Commvault represents just the kind of company Elliott tends to target. In its letter outlining why it acquired its stake in Commvault, it presented a stark picture of a company in decline.

As just one small example, Elliott discussed the stock performance and it didn’t pull punches or mince words when it stated:

“Commvault’s strategy, operations, execution and leadership over the past eight years have failed to generate returns to shareholders, despite a leadership position in a growing market with a product set that customers like and competitors respect. Commvault’s underperformance has been so profound that an investor would have been better off buying the NASDAQ index instead of Commvault’s stock on 99% of trading days in the last eight years. …”

Ouch.

As it is wont to do, Elliott buys a stake and then forces its way onto the board of directors and this deal is no different where it will be adding 4 members:

“Given the long-term issues at the Company, we believe the Board would benefit from fresh perspectives, primarily in the area of operational execution, software go-to-market experience and current technology expertise. The level of required change at the Company is significant and requires a Board with new and relevant experiences to guide the Company’s turnaround. We have been involved in dozens of similar situations and have worked constructively with many companies to add top-tier, C-suite executives and experienced Board members to these companies. For Commvault, we are submitting a group of highly qualified director nominees with what we believe is the right experience to help guide the Company on its path forward.”

As some examples of that past experience it alluded to in the letter, Elliott bought a stake in EMC in 2014 and began to pressure the Board to sell its stake in VMware. The company turned back the attempt and eventually sold out to Dell for $67 billion, still giving Elliott a nice return on its one percent investment in the company, no doubt.

More recently, it bought a  6.5 percent stake in Akamai in December. At the next earnings call in February, the company announced it was laying off 400 employees, which accounted for almost 5 percent of the worldwide workforce. The layoffs are consistent with cost cutting that tends to happen when Elliott buys a stake in a company.

What happens next for Commvault is difficult to say, but investors obviously think there is going to be some movement as the stock is up over 11 percent as of this writing. Chances are they are onto something, and given Elliott’s track record they are probably right.

Mar
12
2018
--

Former Docker CEO Ben Golub joins Storj as Executive Chairman and interim CEO

Last May, Docker CEO Ben Golub stepped down after four years at the helm of the containerization pioneer. We didn’t hear all that much from him since, but today, the distributed object storage service Storj Labs announced that Golub will join its team as interim CEO and Executive Chairman.

There is obviously no dearth of object storage services, but Storj Labs is taking a somewhat different approach. The company has been around since 2014 and always emphasized security and decentralized storage as its main differentiators. In addition, though, Storj also made an early bet on blockchain technology and last year, Storj went all in on Ethereum with a $30 million ICO and migration to that projects technology.

The basic idea behind Storj is that anybody can make hard drive space available to Storj in return  for Storj’s tokens. Currently, the service boasts 70,000 customers who store their data across 150,000 nodes that are run by tens of thousands of what the company calls “farmers” (as opposed to “miners”). In total, these nodes now store over 60 petabytes of data. It’s also worth noting that a number of third-party services, including the popular FileZilla FTP client now support it and that Storj joined Microsoft Azure’s blockchain-as-a-service ecosystem in 2016 to help bring this technology to more enterprises.

“It’s clear to many that we are on the cusp of a major new shift in computing, driven by a fully decentralized internet and by new, decentralized models of trust and security, powered by blockchains and distributed ledgers,” Golub writes in a blog post today. “When I first talked with Storj, I was intrigued by the team, and by the fact that they had already built a robust platform and passionate community to provide the storage layer for this new, decentralized internet, as well as developers that wanted to use this new layer.”

Golub also likens the state of Storj to the early days of Docker. Wheras Docker talked about building an infrastucture layer for the internet, Storj wants to build a storage layer. That’s definitely an ambitious mission and it remains to be seen if this concept will take off. For now, though, Golub wants to focus on building a sustainable business for Storj.

Mar
12
2018
--

Former Docker CEO Ben Golub joins Storj as Executive Chairman and interim CEO

 Last May, Docker CEO Ben Golub stepped down after four years at the helm of the containerization pioneer. We didn’t hear all that much from him since, but today, the distributed object storage service Storj Labs announced that Golub will join its team as interim CEO and Executive Chairman. There is obviously no dearth of object storage services, but Storj Labs is taking a somewhat… Read More

Mar
09
2018
--

Dropbox announces deeper integration with Salesforce ahead of IPO

 Dropbox is not messing around. Two weeks ago it announced its IPO. Just last week it announced a big partnership with Google and today comes news that it is integrating more deeply with Salesforce. Dropbox and Salesforce have danced a bit in the past as cloud companies tend to do, but today’s announcement is a bit broader. It involves having Dropbox folders embedded in Salesforce… Read More

Mar
09
2018
--

Dropbox announces deeper integration with Salesforce ahead of IPO

Dropbox is not messing around. Two weeks ago it announced its IPO. Just last week it announced a big partnership with Google and today comes news that it is integrating more deeply with Salesforce.

Dropbox and Salesforce have danced a bit in the past as cloud companies tend to do, but today’s announcement is a bit broader. It involves having Dropbox folders embedded in Salesforce Commerce Cloud and Marketing Cloud giving them a kind of light-weight digital asset management solution.

For example, a company’s creative agency could create photos and other assets for a marketing campaign and store them in Salesforce’s marketing cloud. The folder is fully integrated so that if the agency changes one of the assets, which isn’t unusual, and updates their Dropbox folder, the integrated folder in Salesforce updates automatically.

This kind of integration saves the Salesforce user steps. Instead of having to open Dropbox, navigate to the folder, find the updated asset and manually move it into Salesforce, it all happens in one place.

The companies also announced that there would be deeper integration with Quip, the word processing/collaboration tool Salesforce acquired in 2016 for $750 million. Here, much like the Google G Suite integration announced last week, the companies are trying to make it easier for end users to access their content wherever they want to work.

In this case, there will be two-way integration. They will provide the ability to embed Dropbox folders inside Quip, just as you will be able to do in Marketing and Commerce Clouds, but you will also be able to access and work with Quip documents inside of Dropbox. Again, this is about letting users decide the tools they want to use and where they prefer to access them.

While these kinds of partnerships may seem counter-intuitive, Quentin Clark, SVP of Engineering, Product and Design at Dropbox told TechCrunch last week during the G Suite integration announcement, it’s about giving the people what they want.

“It is enabling best of breed and recognizing that you are going to hire your product to do a certain job and may be hiring other products to do other jobs, and you have to be at peace with that,” he said.

The two companies plan to take it a step further with Salesforce using Dropbox and Dropbox using Salesforce internally for whatever that’s worth. We have seen similar announcements from Salesforce in the past regarding G Suite integration and Office 365 too — so take it as you will.

Although Dropbox would no doubt say these announcements have absolutely nothing to do with the IPO, they probably have everything to do with it. It was clear in the S-1 filing that Dropbox garners the vast majority of its revenue from the consumer side of the business. It seems to be desperately trying to beef up its enterprise street cred ahead of the upcoming IPO. While these partnership announcements could help, the numbers suggest otherwise.

Much like the G Suite integration partnership announced last week, this an announcement and not a launch. That is expected to happen sometime in the second half of this year.

Mar
01
2018
--

Dropbox to add native G Suite integration in new partnership with Google

 It’s been an eventful week for Dropbox coming off its announcement last Friday that it was finally going public, but that doesn’t mean the business stops. The company announced plans to partner with Google today to bring native G Suite integration to Dropbox storage. The fact is that more than 50 percent of Dropbox users have a G Suite account — which includes GMail along… Read More

Powered by WordPress | Theme: Aeros 2.0 by TheBuckmaker.com