Broadcom | June 21, 2022
Broadcom Inc., an American designer, developer, manufacturer, and supplier of a wide range of semiconductor and infrastructure software products, announced acquiring U.S.-based cloud computing and virtualization technology company VMware, Inc. The acquisition was completed with the transaction of cash and stocks worth approximately US$61 billion.
Broadcom’s CEO, Hock Tan expressed optimism about the chances for success of the merged companies, with plans to fuse Broadcom's existing security and infrastructure software into VMware's portfolio.
"Hock Tan is a very shrewd business guy. He is aware of financial implications, both short and long-term, for his company with these acquisitions. Will he bleed it dry? I suppose that's a possibility, but it's not clear yet."
Brian Kirsch, an IT architect and instructor at Milwaukee Area Technical College
VMware users and employees were concerned that the company would face the same fate as others after being acquired by Broadcom, but they are adopting a wait-and-see attitude. However, post the statement mentioned above, the stakeholders of VMware are now worried that the innovative technologies of the company will land on Broadcom Inc.’s chopping block, same as previously acquired companies.
The concerns of VMware employees and users are justified, seeing the position of companies such as CA Technologies in 2018 and Symantec's Enterprise Software Business in 2019 after the adoption of the “acquire and axe” policy by Broadcom.
One of the VMware insiders who deals with multiple tech teams at the company mentioned that Broadcom will sell off the VMware products and solutions, except the most profitable ones.
He further stated, "Some employees are nervous because of the cuts they figure are coming. Others are concerned they won't invest in some products like NSX Intelligence that look like they have a promising future."
VIRTUAL DESKTOP STRATEGIES
ZEDEDA | July 25, 2022
ZEDEDA, the leader in edge orchestration, announced today that it has closed $26 million in Series B funding, capping a period of exponential growth. The broad range of new and existing investors — including Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, Juniper Networks, Rockwell Automation, Samsung Next and EDF North America Ventures — signals the importance of edge computing to companies across all industries and verticals.
All existing investors participated in this latest round of financing, which has doubled the previous investment in the company. ZEDEDA has now raised more than $55 million since its inception.
“All aspects of our business — from a growing base of Global 500 customers to major strategic partnerships and growth in deployed edge nodes — are on a terrific path,” said Said Ouissal, founder and CEO of ZEDEDA. “This latest round of investment validates that our open framework and ecosystem approach to the distributed edge is the ideal choice for the future of connected operations.”
A recent Worldwide Edge Spending Guide from IDC forecasted double-digit growth for investments in edge computing. This year’s total is expected to be $176 billion, an increase of 14.8% over 2021, with a 2025 target of nearly $274 billion.
“The market for edge computing solutions is poised for tremendous expansion, and we believe ZEDEDA will be a major contributor,” said Tom Gallo, Managing Partner at Coast Range Capital. “They combine innovation and expertise like no one else in the industry, and we are excited to join them on their journey in this round of funding.”
“Businesses worldwide are looking to take advantage of the benefits of edge computing as they look for ways to support remote work and improve efficiency,” said Bilal Zuberi, Partner at Lux Capital, who has participated in every fundraising round for ZEDEDA. “As a long-time investor, we’re excited to double down with ZEDEDA as they continue to grow rapidly.”
ZEDEDA to Accelerate Momentum After a Year of Dramatic Growth
The past 12 months have seen a sharp increase in ZEDEDA’s growth as a company. Revenue is up 7x year-over-year, while at the same time, its number of nodes under management has risen by 4x. ZEDEDA’s strong growth is fueled by existing customers now applying the company’s solution across different edge deployments in addition to new customers beginning their edge deployments.
ZEDEDA will use the latest round of funding to support its expanding customer base, accelerate research and development and expand its marketing and sales operations. The budding ecosystem around the industry’s first open orchestration solution has attracted strategic partnerships and integrations with Google, Microsoft, PTC, and SUSE. ZEDEDA’s expanding customer base includes OEM activities with Global 500 companies, including a leading global virtualization software provider and a leading industrial automation company.
Strategic Investor Perspectives on $26M Series B Funding Round
The wide adoption of cloud computing by distributed organizations is accelerating the growth of edge computing, as organizations across all verticals are implementing business-transforming use cases. Industries from manufacturing to energy to automotive are turning to edge computing to manage and process vast amounts of data from new sources within their distributed operations and organizations.
“Hardware diversity on the edge is a challenge for many global companies. ZEDEDA’s technology has the potential to unify an entire ecosystem of hardware and apps. The technology is designed to enable remote device management and application orchestration that could improve data visibility, control and security,” said Jim Gable, Vice President, Innovation and President of Technology Ventures at Chevron. “This is the latest investment from our Core Energy Fund 7, which focuses on operational enhancement, digitalization and lower carbon technologies.”
“The explosion of data generated from the ever-growing number of devices, machines and sensors at the edge of the network is driving a fundamental shift and the need to build next-generation AI-driven networks with intelligent edge computing and processing capabilities,” said Sujai Hajela, EVP, AI-Driven Enterprise at Juniper Networks. “ZEDEDA provides a unified orchestration experience across hardware, software, networks and clouds, and this, along with impressive execution and ability to meet the ambiguous and evolving demands of today’s enterprise edge market, has made them a trusted partner for organizations looking to transform their operations.”
“Managing data at the edge is increasingly mission-critical for enterprises that need to optimize real-time decision-making, maximize operational efficiency, and drive new business outcomes,” said Raymond Liao, Managing Director at Samsung Next. “We are confident that the ZEDEDA team is in a strong position to deliver scalable infrastructure solutions to a rapidly growing pipeline of IIoT customers."
“As part of Porsche’s commitment to innovation, the company is always looking for technology that supports our ability to generate unique and sustainable solutions, This extended partnership with ZEDEDA creates exciting possibilities for the automotive industry to take advantage of increased network speed and computing capacity.”
Mattias Ulbrich, CEO of Porsche Digital and CIO of Porsche
ZEDEDA makes edge computing effortless, open, and intrinsically secure - extending the cloud experience to the edge. ZEDEDA reduces the cost of managing and orchestrating distributed edge infrastructure and applications, while increasing visibility, security and control. ZEDEDA delivers a distributed, cloud-native edge management and orchestration solution, simplifying the security and remote management of edge infrastructure and applications at scale.
ZEDEDA ensures extensibility and flexibility by utilizing an open partner ecosystem with a robust app marketplace and leveraging an open architecture built on EVE-OS, from the Linux Foundation. EVE-OS is a lightweight, open-source Linux-based engine. ZEDEDA delivers instant time to value, has thousands of nodes under management and is backed by world-class investors with teams in the United States, Germany and India
VIRTUAL DESKTOP TOOLS
Broadband Forum | July 14, 2022
Operators can now reduce the time and cost associated with onboarding new Optical Network Unit (ONU) vendors, roll-out services faster, and more easily migrate and evolve their networks by applying new innovations and flexibility thanks to the publication of two new documents from the Broadband Forum today.
Broadband Forum’s TR-451 ‘vOMCI Specification’ and MR-451 ‘ONU Management using Virtualized OMCI’ have armed operators with more choice in how they create, activate, and maintain services associated with ONUs. Previously, the management cycle of the ONU was tied to a specific vendor’s Optical Line Terminal (OLT). The latest specification enables operators to de-couple the ONU and OLT from control and management purposes, with the Virtualized ONU Management (vOMCI) being introduced as a solution to centralize operations without relying on each OLT to act as a management entity.
This means operators’ OLT vendors no longer needed to be intimately involved in the roll-out of the management services and features provided by the ONU. TR-451 also increases the number of potential ONU vendors, allowing operators to better negotiate the best prices for ONUs. The specification enables easier interoperability testing and on-boarding of ONUs within an operator’s ecosystem and cloud-based network. It supports various deployment models where virtualized functions can be deployed to the cloud or within existing management system solutions.
“The latest specification can be used in the evolution of the management of ONUs, not as a replacement for the management processes and data models already in use by operators but to future-proof their infrastructure while maintaining their investment in existing ONU devices,” said Bruno Cornaglia, Co-Director of the SDN/NFV Work Area at Broadband Forum. “Ultimately, ONU management will be more adaptive to changes in operators’ processes and services, as well as less costly to maintain.”
About the Broadband Forum
Broadband Forum is the communications industry’s leading open standards development organization focused on accelerating broadband innovation, standards, and ecosystem development. Our members’ passion – delivering on the promise of broadband by enabling smarter and faster broadband networks and a thriving broadband ecosystem.
Broadband Forum is an open, non-profit industry organization composed of the industry’s leading broadband operators, vendors, thought leaders who are shaping the future of broadband, and observers who closely track our progress. Its work to date has been the foundation for broadband’s global proliferation and innovation. For example, the Forum’s flagship TR-069 CPE WAN Management Protocol has nearly 1 billion installations worldwide.
Broadband Forum’s projects span across 5G, Connected Home, Cloud, and Access. Its working groups collaborate to define best practices for global networks, enable new revenue-generating service and content delivery, establish technology migration strategies, and engineer critical device, service & development management tools in the home and business IP networking infrastructure. We develop multi-service broadband packet networking specifications addressing architecture, device and service management, software data models, interoperability and certification in the broadband market.