Latest news with #cloudsolutions
National Post
2 days ago
- Business
- National Post
Lenovo Named a Major Player in IDC MarketScape for Hybrid IT Infrastructure Consulting and Integration Services
Article content MORRISVILLE, N.C. — Lenovo has been positioned in the Major Players Category in the IDC MarketScape: Worldwide Hybrid IT Infrastructure Consulting and Integration Services 2025 Vendor Assessment. * According to the report, 'Lenovo has significantly invested in its portfolio globally over the past three or more years, with a focus on continuing to build services that accelerate its customers' hybrid cloud, multicloud, and AI cloud initiatives.' Article content And: 'Lenovo's investments in the company's tools, processes, and methodologies were reviewed positively among customers and study respondents, highlighting the ability of the company to improve digital infrastructure and increase visibility of infrastructure and enabling its customers' business agility.' Article content Driving Business Impact Article content Enterprises are rapidly adopting hybrid IT models to stay competitive in an AI-driven economy. Lenovo regards its recognition in the IDC MarketScape as a reflection of its unique ability to deliver scalable, AI-optimized hybrid cloud solutions that are redefining business operations. Article content 'Enterprises are seeking clarity when it comes to AI adoption and their high-performance computing and cloud strategies,' said Linda Yao, Vice President of Hybrid Cloud and AI Solutions, Lenovo. 'That's why we've focused heavily on building end-to-end solutions – from advisory to design, deployment, and ongoing support – to help our customers achieve measurable business outcomes aligned with their IT infrastructure needs, as well as their AI strategies and business goals.' Article content Lenovo helps organizations make better use of their data, moving systems to the cloud, and simplifying complex infrastructure. Its services include planning and guidance for cloud, data, and AI projects. These offerings are standardized using Lenovo's proven five-stage methodology with each phase underpinned by services like Lenovo AI Fast Start. Article content The IDC MarketScape also highlighted positive sentiment from Lenovo customers: 'The goals that we had were achieved when working with (Lenovo); we are able to have their support at all times, and we are operational and functional and more efficient because of their services.' Article content And: 'Lenovo offered significant improvement in all negotiated areas of our business and did exactly what we expected within our price and agreed timing.' Article content Additional Information Article content About IDC MarketScape Article content IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors. Article content About Lenovo Article content Lenovo is a US$69 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world's largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo's continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit and read about the latest news via our StoryHub. Article content Article content Article content Article content
Yahoo
3 days ago
- Business
- Yahoo
Netgain Ranked #38 on Channel Partners 2025 MSP 501 -- Tech Industry's Most Prestigious List of Managed Service Providers Worldwide
Annual Channel Partners MSP 501 Identifies Best of the Best in the Managed Services Industry MINNETONKA, Minn., June 25, 2025 /PRNewswire/ -- Netgain Technology, LLC, a vertically-focused premier provider of managed cloud, IT and cybersecurity solutions, has secured the #38 position on the prestigious 2025 Channel Partners MSP 501 rankings. The annual Channel Partners MSP 501 list, a technology industry benchmark, ranks companies based on a wide range of metrics, including above industry average revenue growth, recurring revenue, high-margin services and innovation, including monetizing AI services. For the past 18 years, managed service providers around the globe have submitted applications for inclusion on this prestigious and definitive listing. It is a milestone achievement for any managed services organization to be included on the list. The Channel Partners MSP 501 survey uses a quantitative methodology to rank companies based on their annual revenue, profitability measured by EBITDA, and recurring revenue. The methodology has been developed by a Who's-Who in the managed services industry. "The MSP 501 is more than a ranking — it's a reflection of the innovation, operational excellence and customer-first mindset that drives the world's top managed service providers forward. Earning a place on this list signals to customers, partners and the broader tech community that these MSPs are setting the pace for the industry and defining what success looks like in today's complex technology landscape," said Robert DeMarzo, Sr. Director of Informa Channels events and digital content. MSPs that qualify for the list must also pass a rigorous review conducted by the Channel Partners research team and editors. Channel Partners ranks applicants using a unique methodology that weighs financial performance according to long-term health and viability, commitment to recurring revenue and operational efficiency. "The MSP 501 is the channel industry's unofficial GPS. Customers use it to navigate the over 300K MSP ecosystem, and vendors use it to find the right partners for their GTM strategy," said Devan Adams, principal analyst at Canalys (now part of Omdia). "Being an MSP 501er puts your business on the map while steering new opportunities to you." "Being ranked among this elite group of global MSPs reflects the trust our clients place in us and the specialized value we bring to firms with complex IT and compliance requirements," said Sumeet Sabharwal, CEO of Netgain. "This fourth consecutive recognition reinforces our commitment to managing mission-critical IT environments across the accounting, healthcare and legal sectors — enabling our clients to maximize performance, strengthen security and enhance operational efficiency." This year's list is one of the most competitive in the survey's history. Winners will be recognized on the Channel Partners and Channel Futures websites and honored during a special ceremony at MSP Summit, Sept 15-17, 2025, in Orlando, Fla. The MSP 501 represents the best in the technology services industry delivering outstanding vendor and platform neutral advice and value to small, midsized and enterprise customers. This year, the average revenue per MSP 501 is $29.4 million with an average recurring revenue of $16 million. These are truly the best of the best. Many of their services and technology offerings focus on customer needs in the areas of AI, cloud, security, collaboration, networking, help desk and remote monitoring and management. The Channel Partners MSP 501 is responsible for keeping their global customers safe, connected and efficient. Said Kelly Danziger, Informa Channels GM: "Making the MSP 501 isn't just about performance metrics—it's about leadership, vision, and the ability to drive meaningful outcomes for customers. This recognition places these MSPs among an elite group shaping the future of technology services worldwide." The Channel Partners MSP 501 list is based on confidential data collected and analyzed by the Channel Partners research and content teams which work closely with a wide range of industry experts to ensure the most pertinent data on managed services performance is collected. Companies are asked to provide their actual calendar 2024 financials or fiscal equivalents. Data was collected online from February to May 2025. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, profit margin and other factors. The data collected by the annual MSP 501 helps every company on the list and every provider with a managed services practice, benchmark their performance and uncover new ways to grow. It is the most comprehensive and definitive worldwide listing of best-in-class managed service providers It uses a proprietary algorithm and financial data to rank MSP performance against peers It has an 18-year history of recognizing top-performing MSPs It evaluates companies based on growth, profitability, and innovation Winners play a critical role in the $5 trillion technology industry Winners will be recognized at the MSP Summit during the MSP 501 gala awards ceremony scheduled for Sept. 15-17 in Orlando, Fla. Background About Netgain Technology, LLCNetgain specializes in delivering managed cloud, IT and cybersecurity services tailored for mid-market organizations in the accounting, healthcare and legal verticals. With over 25 years of experience, Netgain combines deep expertise in private and public cloud environments with a personalized co-managed support model to deliver a secure, reliable and efficient managed IT solution for their increasingly distributed workforce. Our team is dedicated to building lasting partnerships, working alongside clients to address their unique needs and harnessing the full potential of technology to deliver an exceptional end-user experience. Learn more at About Channel Partners Channel Partners is a media and events destination for the information technology and communications industry. We provide information, perspective, and connection for the entire channel ecosystem, including solution providers (SPs), managed service providers (MSPs), managed security service providers (MSSPs), cloud service providers (CSPs), value-added resellers (VARs) and distributors, technology solutions brokerages, subagent and agents, as well as leading technology vendor partners and communication providers. Channel Partners properties include awards programs such as the Channel Partners MSP 501, a list of the most influential and fastest-growing providers of managed services in the technology industry; the Channel Circle of Excellence, which honors innovative leaders from top channel vendors and distributors; Channel Partners events, which delivers unparalleled in-person events including Channel Partners Conference & Expo and MSP Summit. Channel Partners is part of Informa Connect, a leading provider of live events, digital content and training for the global business technology community. Through in-depth expertise and an engaged audience community, Informa Connect helps business professionals make better technology decisions and marketers reach the most powerful tech buyers and influencers in the world. Informa Connects portfolio includes more than 450 annual events attended by 12,000 business professionals. Media Contacts Francie DudreyNetgain Technology, LLCpr@ Dave Raffo Sr. Conference Editor & Community Manager | Informa Connect Channel Partners Conference Newsletter Editor Sydney Kurtz Associate Marketing Manager, VIP Audience | Channel View original content to download multimedia: SOURCE Netgain Technology, LLC
Yahoo
3 days ago
- Business
- Yahoo
Commvault Systems's Q1 Earnings Call: Our Top 5 Analyst Questions
Commvault's first quarter results reflected solid execution, with management attributing growth to strong demand for cyber resilience solutions and continued traction in cloud-based offerings. CEO Sanjay Mirchandani pointed to rapid adoption of new products like Active Directory forest-level recovery and Cloud Rewind, as well as expanding relationships with large enterprise customers across financial services and regulated industries. The company cited its ability to help organizations address complex compliance needs and recover quickly from cyberattacks as key drivers of new business and customer expansion. Is now the time to buy CVLT? Find out in our full research report (it's free). Revenue: $275 million vs analyst estimates of $262.4 million (23.2% year-on-year growth, 4.8% beat) Adjusted EPS: $1.03 vs analyst estimates of $0.93 (11% beat) Adjusted Operating Income: $59.1 million vs analyst estimates of $53.97 million (21.5% margin, 9.5% beat) Revenue Guidance for Q2 CY2025 is $268 million at the midpoint, above analyst estimates of $263.2 million Operating Margin: 9.7%, up from 8.1% in the same quarter last year Annual Recurring Revenue: $930.1 million at quarter end, up 20.8% year on year Billings: $313 million at quarter end, up 28% year on year Market Capitalization: $7.6 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Eric Heath (KeyBanc Capital Markets) asked about macroeconomic impacts on customer buying and sales cycles. CEO Sanjay Mirchandani responded that cyber resilience remains a top priority for clients, with no significant change in sales cycle length or close rates from the previous quarter. Aaron Rakers (Wells Fargo) inquired about the integration and momentum from the Commvault acquisition. CFO Jen DiRico indicated that the business is fully integrated and contributes unique capabilities, especially in handling large cloud datasets, though specific numbers were not disclosed. Param Singh (Oppenheimer) questioned competitive dynamics following industry consolidation and how Commvault differentiates itself. Mirchandani emphasized the company's hybrid approach and focus on resilience, noting strong double-digit growth as evidence of market share gains. Rudy Kessinger (DA Davidson) sought clarity on ARR seasonality and productivity assumptions in guidance. DiRico explained that net new ARR is expected to follow typical quarterly patterns, with guidance reflecting prudent macro assumptions but confidence in the durability of the business model. James Fish (Piper Sandler) asked about international growth and the durability of regulatory-driven demand. Management stated that compliance-driven projects are ongoing and not a one-time event, with balanced growth expected across regions. In the coming quarters, the StockStory team will be monitoring (1) the pace of multi-product adoption among existing customers, (2) ongoing growth in SaaS ARR as Commvault expands its platform, and (3) the company's ability to leverage technology and reseller partnerships to drive new wins. The evolution of regulatory requirements and customer needs in data security will also be important factors to watch. Commvault Systems currently trades at $173.38, up from $165.72 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Converge Technology Solutions Achieves Premier Reseller Status within the Nutanix Elevate Partner Program
TALLAHASSEE, Fla., June 24, 2025 /CNW/ - Converge Technology Solutions Corp., now Pellera Technologies, is pleased to announce its Premier Reseller status in the Nutanix Elevate Partner Program. Nutanix Premier Resellers are highly qualified partners and trusted advisors who have demonstrated deep expertise in selling and delivering comprehensive Nutanix Cloud Platform solutions. Their extensive product, administration and services competencies allow them to provide exceptional value and support to their customers. Nutanix's Elevate Partner Program provides partners with a unified program designed to deliver sustainable revenue generating opportunities. With the Elevate Partner Program, Nutanix helps partners reduce business risk and build skills in hybrid multicloud solutions, while providing customers a single platform to run all their apps and data across multiple cloud environments efficiently and cost effectively. "Partnering with Converge Technology Solutions, now Pellera Technologies, is about shared values, trust, and a mutual goal to take great care of our customers. Their elevation to Premier Reseller status is a reflection of Pellera's commitment to evolve with Nutanix and we're excited about what we can accomplish together," said Christian Goffi, VP of Channels, Americas, Nutanix. "We're thrilled to be named a Nutanix Premier Reseller Partner and enable our customers with the benefits of our elevated status with Nutanix," said Greg Berard, Chief Executive Officer of Pellera Technologies, formerly Converge Technology Solutions. "This recognition reflects the commitment and innovation we bring to our partnerships - working closely with Nutanix, we've unlocked new opportunities to transform how enterprises approach hybrid cloud infrastructure. With Nutanix's cutting-edge solutions and our expertise in delivery and managed services, we're empowering businesses to scale efficiently, simplify operations, and thrive in the digital era." A Nutanix Premier Reseller partner is the highest competency level in the Elevate Partner Program and is achieved by partners who have invested into Nutanix expertise with deep sales, technical and services delivery competencies who consistently sell the full Nutanix portfolio. With this program Nutanix focuses on investments and tools that enable partners to grow their business as they support customers in adopting hybrid multicloud solutions. More details on the Nutanix Elevate Partner Program can be found at About ConvergeConverge Technology Solutions Corp., now Pellera Technologies, is reimagining the way businesses think about IT—a vision driven by people, for people. Since 2017, we've focused on delivering outcomes-driven solutions that tackle human-centered challenges. As a services-led, software-enabled, IT & Cloud Solutions provider, we combine deep expertise, local connections, and global resources to deliver industry-leading solutions. Through advanced analytics, artificial intelligence (AI), cloud platforms, cybersecurity, digital infrastructure, and workplace transformation, we empower businesses across industries to innovate, streamline operations, and achieve meaningful results. Our AIM (Advise, Implement, Manage) methodology ensures solutions are tailored to our customers' specific needs, aligning with existing systems to drive success without complexity. Discover IT reimagined with Converge—where innovation meets people. Learn more at View original content to download multimedia: SOURCE Pellera Technologies View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
4 days ago
- Business
- Forbes
Tech, Sovereignty And The Role Of Open Source: Considerations For CIOs
Ann Schlemmer, CEO at Percona. Sovereignty is a complex concept. It influences a country's status within the global political landscape and the actions it can take within national and international law. Nations compete and collaborate to bolster their economies. Each country must determine how open it is to attracting investment and how it intends to support businesses operating within its borders to ensure their success. Sovereignty also affects technology decisions. In the past, chief information officers (CIOs) had to ensure their organizations followed compliance rules on data privacy, such as where customer data is stored, where it is processed and what happens to it over time. Today, decisions around sovereignty can affect which technology providers companies choose to use. Should they buy software, services or infrastructure from big international firms or from suppliers in their local economy? IDC estimated that companies will spend $258.5 billion on sovereign cloud solutions by 2027, as organizations want to control where their workloads run and where their data is stored. Governments are investing in this area too. The European Union, for example, created its AI continent action plan to mobilize an estimated 200 billion euros in investment, including AI gigafactories to support startups, industry expansion and research work across the region. These projects aim to support local economies and defend against volatile market changes. But when it comes to choosing technology tools that meet countries' sovereignty requirements, what factors do CIOs need to concentrate on? My company provides solutions for open-source databases, and we're finding that in this environment, CIOs want to reduce potential risk to their organizations, but they also don't want to kick off extensive migration projects if they don't have to. For the CIOs we have spoken to, the challenge here is how to find the right balance between understanding the issues and knowing the timescales they may have to work with if a migration is needed. This makes planning ahead essential. Planning Ahead On Sovereignty In the past, the moves around sovereignty for technology have been concerned with how to handle data. For example, regulations in a country could require storing citizens' data on systems that are located in that country for data privacy. There are also regional customer data security policies, like the EU's General Data Protection Regulation (GDPR). As long as companies worldwide understand what rules they have to meet, the market provides a range of options to support compliance. However, as markets fracture due to geopolitical changes, sovereignty around technology overall has become more challenging. Relying on companies that are headquartered in different regions could potentially lead to problems if governments dictate that compute and workloads can only be hosted locally. For instance, technology companies across Europe have advocated for more 'buy European' regulations from the EU, including the creation of a European technology stack. This focus on the tech stack marks a huge change for CIOs. Should they carry on with the plans and partners they have in place? Or should they start planning for possible migrations? The Potential Role Of Open Source To make the best decisions for the future, I encourage technology leaders to look at how to future-proof their approach and avoid lock-in, rather than looking at sovereignty as a zero-sum game. This is an area where open-source software has a long history. Open-source software makes software available to anyone to use for the purposes they see fit. Users can modify or update that software to better meet their needs, and they can get support or services around that software locally if that is required, rather than being beholden to specific suppliers that are outside the sovereign tech environment. For CIOs, running open-source software means workloads can be implemented where they need to be without a full-scale re-architecture project. The software can run regardless of who provides the infrastructure or support, and the same database or application can run on a different cloud or data center in a different location if needed. Open source's protection against lock-in may also help guard against some geopolitical shifts that might otherwise force organizations to change their tech stacks. Key Considerations However, it's important to note that while open-source software generally does not have restrictions on where it can be used, legal restrictions in your country of origin may still apply. For example, software developers in the U.S. may still be affected by the U.S. Office of Foreign Assets Control sanctions. Additionally, open-source software is only one part of the equation. Beyond the software itself, you will have to consider what hardware the software is hosted on and whether it connects to your company's other applications or services. While the software's components may be available as open-source, they still have to support the right business logic to function. That logic is developed over years and has to be re-created if you want to move from one platform to another. Moreover, open-source software is, in theory, available for everyone to use, but it may need to be compiled from code. This is time-consuming, which is why companies often prefer to get versions compiled for them or use proprietary software instead. Knowing the level of support you might need to help you build and run these applications is something to keep in mind to determine whether it's the right option for your company. The world economy continues to change rapidly. As governments respond and policies evolve, these changes filter down to companies that then have to consider changes in their strategies and where they invest their resources. Open-source software can help companies reduce risk around lock-in and sovereign technology changes, though organizations may need to prepare for challenges along the way to maximize the benefits of these tools. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
