Tag: technology news

Coronavirus-Fueled Cancellations Grow as RSA Gets Underway

Coronavirus-Fueled Cancellations Grow as RSA Gets Underway

February 24, 2020

Verizon is 14th vendor to pull out of show over health concerns due to COVID-19

The concerns over the rapidly spreading novel coronavirus that cause the cancellation of the Mobile World Congress (MWC) 2020 show in Barcelona is impacting the RSA Conference 2020 as it gets underway this week in San Francisco.

As of this weekend, there were 79,930 cases of the people infected with the virus and a reported 2,465 deaths. China has been the hardest hit, though the number of cases in places like Italy and Iran are rising quickly and the United States has confirmed 34 cases. The Centers for Disease Control (CDC) has widened its travel advisories to include Japan and Hong Kong.

The concerns about the virus continue to have a widening ripple effect through the tech industry as the conference season gets underway. Along with MWC, which was scheduled to start this week with more than 100,000 attendees expected, Facebook canceled its Global Marketing Summit scheduled for March 9-12 in San Francisco. Facebook also said it will not attend the Game Developers Conference, also in San Francisco starting March 16.

Shows like Black Hat Asia and EmTech Asia have been postponed and Salesforce’s World Tour Sydney, set for March 4, which had been an in-person event will now be conducted only online.

“In addition to following CDC recommendations like frequent hand washing, RSA Conference reminds attendees that other preventive measures have been put in place to help reduce the risk of infection,” RSA organizers wrote in a statement. “The Moscone Center is following recommendations in the US EPA’s Emerging Pathogen Policy regarding the use of cleaning disinfectants effective against the coronavirus and CDC health screenings for qualified travelers arriving from international destinations at the San Francisco International Airport.”

HP Responds to Xerox Bid with Shareholder Rights Plan

HP Responds to Xerox Bid with Shareholder Rights Plan

February 21, 2020

Effort is designed to force Xerox and other potential buyers to negotiate with board

HP has adopted a shareholder rights plan, the latest step in its efforts to push back against rival printer maker Xerox’s unsolicited $35 billion takeover bid.

Shareholder protections in the plan include:

>Guards against coercive tactics: HP investors should be paid an appropriate premium for their shares rather than be pressured by potential buyers looking to gain control.

>One-year expiration date: The HP board could terminate the rights plan even earlier depending on circumstances.

>Investment protection: Ensures shareholders will get long-term value from the shares of HP they’ve bought.

Shareholders will be able to exercise these rights only if a person or group acquires 20% or more of HP’s common stock. Each right will entitle shareholders to buy one one-hundredths of a share of new series stock for $100. If someone gains 20% of common stock, each right will enable its holder – other than those in the group with 20% of the stock – to buy HP common shares for $100.

The dividend distribution of one preferred share purchase right on each outstanding share of HP common stock will be made March 2.

Xerox is pushing for the deal despite HP being four times its size, arguing that a combined company will be a significant competitor in a changing printer market and could save $2 billion annually. HP officials have argued that Xerox is undervaluing the company and that they are satisfied with their plans going forward.

CyrusOne CEO Resigns as Sale Rumors Continue

CyrusOne CEO Resigns as Sale Rumors Continue

February 21, 2020

Gary Wojtaszek’s departure comes after data center services firm reports disappointing quarterly numbers

The president and CEO of CyrusOne is leaving the data center services company, refueling speculation that the Dallas-based firm may be sold.

CyrusOne last fall began working with Morgan Stanley to explore its options, which includes being sold. There has been reported interest in the company from the likes of rival Digital Realty Trust as well as investment firms EQT Partners and Digital Colony Partners, though no offer has materialized.

The company has a reported market cap of $7.4 billion, operating 48 data centers in North and South America, Asia, and Europe for about 1,000 customers.

In 2019, there were more than 100 such deals, up 6% from the year before and more than double the number of closed deals in 2016.

“I know that I speak for everyone at CyrusOne in thanking Gary for his strong leadership and vision. Over the years, Gary has helped create a strong company culture at CyrusOne focused on excellent customer service and delivering shareholder value, which will remain unchanged,” Durvasula said.

“It has been a tremendous journey and privilege to serve as the CEO and a board member of CyrusOne since its IPO and spin-off from Cincinnati Bell,” Wojtaszek said. “From helping take the company public to expanding overseas and emerging as one of the top data center companies in the world, I am incredibly proud of what we have accomplished and the culture we have created.”

SentinelOne Raises $200 Million in Latest Funding Round

SentinelOne Raises $200 Million in Latest Funding Round

February 20, 2020

Cybersecurity company sees its valuation jump to $1.1 billion

Cybersecurity vendor SentinelOne is continuing its rapid growth, announcing this week that it brought in $200 million in its latest round of funding and raised its valuation to $1.1 billion.

The fundraising and rapid business growth reportedly has SentinelOne officials talking about taking the company public in the next few years, with co-founder and CEO Tomer Weingarten telling TechCrunch that an IPO could come in the next year or two.

SentinelOne is working to expand beyond its cloud-native endpoint protection roots, growing its artificial intelligence (AI)-based Singularity platform to endpoint detection and response (EDR) with ActiveEDR, the Internet of Things (IoT) with Ranger, and protection of containers and cloud-native workloads. The platform helps customers monitor and protect everything from devices and systems connected to the network as well as applications.

Endpoint protection continues to be an important part of an enterprise’s security posture. Statista is predicting the global market will grow from $8.28 billion this year to more than $13.3 billion in 2023.

Asigra Warns MSPs of Ransomware Threat to RMM Solutions

Asigra Warns MSPs of Ransomware Threat to RMM Solutions

February 19, 2020

Cloud backup vendor says remote monitoring tools can give bad actors access to clients’ applications and data

Cloud backup and recovery software maker Asigra is warning its network of MSPs of the growing threat ransomware poses to remote monitoring and management (RMM) platforms that are used by service providers and their customers.

This capability makes MSPs an attractive target for cybercriminals, the company said.

Asigra outlined three steps MSPs can take to protect RMM platforms from such threats:

>Train employees: Make them aware of targeted phishing attacks, which is how most ransomware gets into the network.

>Separate data protection, RMM solutions: MSPs also should stay away from integrated solutions, all of which will make it more challenging for attackers to launch their ransomware attacks.

>Choose the right backup solutions: Some backup offerings make it impossible for ransomware or any malware to delete the backup. In addition, opt for backup software that prevents ransomware infection by scanning both backup and recovery streams.

“In many technology segments, the centralization of computing processes provides great value. However, tight integration of RMM and data protection is an area where extreme caution is warranted when it comes to backup/recovery design,” said Eran Farajun, executive vice president at Asigra. “The density of high value data in many RMM environments is too alluring for criminal hackers to avoid, making it incumbent upon the MSP to architect a bulletproof data recovery model. For the strongest protection, services professionals are advised to disentangle RMM and backup to ensure system recoverability.”

Launched New Template (OpenSuse 15.1)

We have Added a new OS template in Virtualizor.

For KVM, Virtuozzo KVM, Proxmox KVM, Xen HVM and
XenServer HVM (7+) :
OpenSuse 15.1 x86_64 template is launched .

Virtualizor Team

Apple: Coronavirus Outbreak Puts Squeeze on iPhone Supply

Apple: Coronavirus Outbreak Puts Squeeze on iPhone Supply

February 18, 2020

Revenue in the current quarter will fall short of company’s guidance

The ripple effect of the deadly coronavirus outbreak in China is beginning to impact the bottom line of tech companies as Apple has warned that revenue this quarter will not meet the guidance the device maker issued in January due to an expected shortage of iPhones.

They attributed the problems to two primary factors:

>iPhone supply shortage: The manufacturing sites in China are outside of the Hubei province, the epicenter of the outbreak. All have reopened, but operations are ramping less quickly than expected. The temporary supply shortages will impact global revenues.

>Falling demand for products in China: All of Apple’s stores in China have been closed, as have many partner stores. Those that have remained open have done so with reduced operating hours and customer traffic has been low. Apple’s retail stores in the country are reopening gradually. Its corporate offices and contact centers in China have remained open, along with the company’s online stores.

Apple officials said that outside of China, customer demand for iPhones and other products and services have been strong and in line with expectations.

The number of confirmed cases worldwide has reach more than 73,300, with the number of deaths hitting 1,873.

Reports: Google Cloud Shedding Jobs in Restructuring

Reports: Google Cloud Shedding Jobs in Restructuring

February 18, 2020

CNBC reports the company is eliminating fewer than 50 positions despite financial gains in 2019

Google Cloud reportedly is eliminating a handful of jobs as part of an internal organizational restructuring at the world’s third-largest public cloud services provider.

The news of the restructuring came the same week CEO Thomas Kurian at a Goldman Sachs event spoke about Google Cloud’s strategy going forward, which includes focusing on five specific industries – retail, healthcare, financial services, media and entertainment, and industrial and manufacturing – growing its direct sales business, and expanding its reliance on the channel, including VARs, regional and global systems integrators, MSPs, and solutions providers.

That said, the company has a way to go before it catches AWS and Azure. In the fourth quarter, Google Cloud said it generated $2.6 billion in revenue. However, AWS in the same quarter collected almost $10 billion in revenue with a run rate of $40 billion, while Microsoft put its cloud revenue at $12.5 billion, with a $50 billion annual run rate.

Launched New Template (CentOS 8)

We have Added a new OS template in Virtualizor.

For KVM, Virtuozzo KVM and Proxmox KVM:
CentOS 8 x86_64 template is launched .

Virtualizor Team

MWC Cancelled Amid Coronavirus Concerns

MWC Cancelled Amid Coronavirus Concerns

February 13, 2020

Other event organizers continue to monitor global situation with Covid-19 virus

This year’s Mobile World Congress, the massive mobile and networking tech show hosted every year in Barcelona, has been cancelled amid fears about the coronavirus and the withdrawal of more than a dozen major tech companies.

In addition, airlines like British Airways, Delta, United, and American also have suspended flights to China and Hong Kong, which further complicated travel and from the event.

In a statement, GSMA CEO John Hoffman said officials in Barcelona understood the decision and that the organization and host parties in Spain will be working on MWC 2021. The conference has been hosted since 2006 in Barcelona, which stands to lose a lot of revenue that is generated every year by the show.

“Approximately 83 percent of our current registered attendees are from the United States as are 82 percent of our exhibiting organizations,” RSA organizers said in a statement. “The travel restrictions implemented by the U.S. Government on January 31, 2020 remain in effect and according to the CDC’s’s latest situation summary, the health risk from Coronavirus for the general American public is considered low at this time. RSA Conference will continue to follow the guidance of the CDC and the WHO and is in close communication with the City of San Francisco to monitor all new developments pertaining to the Coronavirus.”