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VNET Group | September 26, 2022
VNET Group, Inc. a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that Mr. Samuel Yuan-Ching Shen decided to resign from his positions as the Company's Chief Executive Officer and Executive Chairman of Retail IDC Business Group due to personal reasons, and he will remain with the Company as a senior advisor to the senior management. Mr. Jeff Dong, the Company's president, has been appointed to succeed Mr. Shen as the Company's Chief Executive Officer, effective immediately.
"I would like to thank Samuel for his contributions and dedication to our success throughout his tenure. His leadership has been instrumental in driving value and growth for VNET. We look forward to his ongoing guidance in his new role as our senior advisor."
Mr. Josh Sheng Chen, Founder and Chairman of VNET
"Meanwhile, I am pleased to welcome Jeff to the executive leadership team. We are confident that Jeff's extensive industry insight and deep investment expertise, acquired over a long and illustrious professional career, will continue to drive our dual-core growth strategy and fuel our ongoing commitment to achieving sustainable growth and long-term shareholder value."
Mr. Jeff Dong has served as president of the Company and chief executive officer of VNET Capital since June 2022. Prior to joining the Company, Mr. Dong served as the head of the real assets investment department of Taiping Capital Asset Management, a subsidiary of China Taiping Insurance Group, from June 2020 to June 2022. Mr. Dong has extensive experience in real assets investment in infrastructure, TMT and new energy sectors. Mr. Dong's related experience spans more than 15 years, including over a decade serving in various roles at China Investment Corporation, a sovereign wealth fund of China. Mr. Dong received his Ph.D. from Manchester Business School.
VNET Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 6,500 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.
Verge.io | November 09, 2022
Verge.io, a leader in private cloud software, today announced that it saw the second straight quarter of record quarter-over-quarter growth driven by both new customer acquisition and existing customer expansion. To further capitalize on these transformative opportunities, the company appointed Mike Wall as chairman of its board of directors.
In Q3 Verge.io closed over 3x more annual recurring revenue (ARR) than Q2, for the 2nd best quarter in company history. This continued upward trajectory is the result of existing customers increasing their deployment of the Verge-OS virtualization software and acquisition of new customers replacing their incumbent implementations due to cost, complexity, inability to scale and lack of ransomware protection. Additionally, Verge.io increased sales velocity, even closing new logos in a matter of weeks.
Verge.io also ended Q3 with the strongest pipeline in company history. Multiple transformative opportunities were added to the pipeline that would exponentially increase top line. In addition, numerous new distribution channels are under review that would dramatically increase sales velocity in 2023.
These successful results are in part due to Verge.io’s recent expansion of sales and marketing efforts to educate potential customers on the company’s ability to simplify the software defined data center into a single, powerful piece of software that runs on commodity hardware. These efforts, a newly launched website and a new technical wiki and online self-paced training system have earned the attention of analysts and editors.
To help continue the momentum that Verge.io is building, the company recruited Mike Wall to serve as its chairman. Wall spent 15 years at Intel, ran its storage division, then spent time at a few VC-backed early-stage ventures in the storage space. His repeated, high-multiple exits in the space further positions Verge.io to capitalize on recent growth to add market valuation.
“Coming off of a record-breaking quarter makes this is an exciting time to be a part of the Verge.io team and I look forward to helping continue the sales velocity that we’ve achieved,” said Wall. “From increasing our market visibility to growing our pipeline of global customers to quickly closing sales opportunities, we’ve developed a strong foundation for success. The future is bright for further building our business and providing customers with the cost and IT simplicity that they need.”
“Such strong quarter-over-quarter success shows that our efforts to provide a single piece of software that simplifies the data center process and offers a secure multitenancy for clouds is resonating in the marketplace, We are very pleased with the results of Q3 2022 given that we launched our website only 7 months ago and most of our sales team has only been in place for 6 months. From increased bookings with new and existing customers, expanded partnership opportunities and adding experience to our executive board, Verge.io is poised to continue its pattern of growth as we provide a better alternative to traditional legacy cloud architectures that are too complex and require too much management.”
Yan Ness, Verge.io CEO
Verge-OS software delivers virtualized data centers with more compelling economics and efficiencies than competing platforms. Verge-OS abstracts compute, network, and storage from commodity servers and creates pools of raw resources that are simple to run and manage by an IT generalist. A single license replaces disparate hypervisor, network, storage, data protection, and management tools to simplify technology stacks. Secure virtual data centers based on Verge-OS include all enterprise data services like global deduplication, disaster recovery, continuous data protection, snapshots, long-distance synch, and auto-failover.
Verge.io provides a simpler way to virtualize data centers and end IT infrastructure complexity. The company’s Verge OS software is the first and only fully integrated virtual cloud software stack to build, deploy and manage virtual data centers. Verge-OS delivers significant capital savings, increased operational efficiencies, reduced risk, and rapid scalability.
Lightbits | September 29, 2022
Intel Innovation Lightbits, the first software-defined and architected for NVMe/TCP data platform for any cloud, will be conducting a joint product demonstration with Intel at the upcoming Intel Innovation event, taking place September 27-28, 2022 in San Jose. The demonstration will highlight Lightbits software-defined, NVMe/TCP storage cluster providing high-performance block storage to compute servers equipped with Intel® IPU E2000, thereby enabling the freeing up of CPU cores to maximize the customer’s revenue without sacrificing application performance. The demo will highlight the increased infrastructure efficiency and flexibility that results from the on-demand provisioning of remote NVMe storage.
Cloud Service Providers (CSPs) need to reduce the CPU resources allocated to storage processing, thereby making more CPU cycles available to run customer applications. Intel Innovation attendees will see how the combined solution of Lightbits software with Intel high-performance technologies dynamically provisions storage, significantly reduces Xeon CPU utilization for infrastructure tasks and delivers a high-performance cloud block storage solution. In this example, the number of cores was reduced by more than 4X, demonstrating significant CPU utilization savings.
The combined solution of Lightbits software with Intel high-performance technologies delivers an unmatched combination of performance, resiliency, and scalability while lowering TCO. As strategic partners, the companies are helping customers address their complex data center needs enabling CSPs, IT organizations with private clouds, FinTech, and electronic retailers to deliver fast, resilient, and secure services to their clients. The solution can be used as a high-performance data platform for any orchestration environment, such as OpenStack, or to run container-based applications in a Kubernetes environment as well as virtualized applications in a VMware vSphere environment.
Lightbits Labs (Lightbits), is on a mission to make high-performance block storage simple, scalable, and cost-efficient for any cloud. Lightbits offers a Cloud Data Platform that delivers efficiency, simplicity, and agility for modern data centers. Inventors of the NVMe over TCP (NVMe/TCP) protocol, Lightbits is leading the digital data center transformation by making software-defined storage that is easy to deploy at scale and delivers performance equivalent to local flash to accelerate cloud-native applications in bare metal, virtual, or containerized environments.
Viavi | November 25, 2022
Viavi Solutions Inc.today announced that it has signed a partnership agreement with VMware to drive standardized frameworks and metrics for RAN Intelligent Controller (RIC) testing. This testbed as a service will enable mobile operators to introduce programmability to the RAN and help accelerate the adoption of Open RAN.
The RIC is a cloud-native central component of an open and virtualized RAN network, enabling the optimization of RAN resources through analytic processing and adaptation recommendations. The RIC takes advantage of native and third-party xApps and rApps – microservice-based applications operating in near-real time (near-RT) and non-real-time (non-RT), respectively – to enable operators to automate and optimize RAN operations at scale to reduce the operator's total cost of ownership, and to introduce innovative new services.
VMware is focused on attracting and collaborating with a vibrant ecosystem of partners to help its operator customers adopt Open RAN with complete confidence. VIAVI has the most comprehensive portfolio of Open RAN test solutions in the industry and plays a leading role in defining test processes in the O-RAN ALLIANCE and Telecom Infra Project (TIP).
The two companies will work together to demonstrate compliance with RIC-related requirements, assisting CSPs in validating the solution in the lab and scaling the solution to production. The industry-leading VIAVI TeraVM RIC Test and the VMware RIC will form a joint testbed as a service for testing, profiling, and validating third-party xApps and rApps. In addition to the framework, the two companies will work together to drive industry consensus around testing methodology and performance metrics. By having pre-built test cases and a standardized test method for the RIC and xApp/rApp, operators can reduce the time it takes to validate the solution in their lab, meaning they can move to a production environment faster.
"Open RAN, by definition, depends on strong collaboration to drive innovation, and that's a perfect way to think about this partnership between leaders in their respective fields, The RIC represents a huge opportunity to the industry: Applying AI/ML techniques allows operators to simplify the management of complex 5G configurations and dynamically optimize the network to cater for new use cases, energy efficiency, and changing traffic patterns."
Ian Langley, Senior Vice President and General Manager, Wireless Business, VIAVI
"We're excited to work with VIAVI on helping move the industry forward to accelerate the adoption of Open RAN," said Lakshmi Mandyam, vice president, Service Provider Product Management and Partner Ecosystem, VMware. "Our companies share a vision of what it will take to address the challenges hindering adoption by simplifying the path for CSPs to test, profile, and certify third-party xApps and rApps through a common framework. VIAVI's leadership in Open RAN testing and VMware's leadership in RIC make this an ideal collaboration."
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, hyperscalers, equipment manufacturers, enterprises, government and avionics. VIAVI is also a leader in light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, government and aerospace applications. Together with our customers and partners we are United in Possibility, finding innovative ways to solve real-world problems.