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.
VMware | September 16, 2022
VMware, Inc. announced that it has reached a settlement with the U.S. Securities and Exchange Commission (the “SEC”) to resolve a previously disclosed investigation related to the Company’s backlog disclosures in public filings for its 2019 and 2020 fiscal years, which ran from February 3, 2018 through January 31, 2020.
Under the terms of the settlement, the Company has agreed to pay a civil monetary penalty of $8 million without admitting or denying the SEC’s findings, which relate to the Company's disclosures. The SEC’s findings do not include any findings that the Company failed to comply with generally accepted accounting principles. The SEC Staff has confirmed that it does not intend to recommend enforcement action against any current or former VMware officers or other member of management in connection with the investigation, and this settlement concludes the matter.
VMware believes this settlement is the right course of action for the Company and continues to be committed to operating at the highest level of integrity, including with respect to its public filings and communications with investors.
VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda.
VIRTUAL DESKTOP STRATEGIES
VyOS Networks Corporatio | September 21, 2022
VyOS Networks Corporation, the company that develops the VyOS Network Platform and provides support services, announced today that it was featured as a challenger and a fast mover in GigaOm Radar for network operating systems reports for SMB, enterprise and cloud/managed service provider segments. The full report is available to everyone interested upon request.
"We are proud to get featured in GigaOm Radar reports this year again. We are glad that our effort to provide our customers with a stable and feature-rich platform is recognized,"
Yuriy Andamasov, VyOS Networks Corporation CEO
"There is more to VyOS than market reports cover, however. GigaOm Radar makes a comparison of products where their use cases overlap. Still, VyOS also covers unique use cases that other vendors don't, such as custom embedded hardware support and modification of VyOS itself," adds Daniil Baturin, VyOS Networks Corporation CTO.
VyOS is an open-source network operating system. Its slogan is "a universal router" because it supports multiple deployment scenarios and roles: bare-metal hardware from small boards to large servers, all popular virtualization platforms including VMware, KVM, and Microsoft Hyper-V, and multi-cloud support for major hyperscalers like Amazon Web Services, Microsoft Azure, Google Cloud and Oracle Cloud Infrastructure.
VyOS supports multiple dynamic routing protocols via FRRouting, various VPN protocols, and other network routing and security features, available through a unified stateful CLI and an HTTP API for management automation.
About VyOS Networks Corporation
VyOS Networks Corporation is a company started by the VyOS open-source project founders and maintainers to provide services for it and ensure sustainable development.
Alludo | November 23, 2022
Alludo, a global technology company helping people work better and live better, released survey results that highlight a clear divide in the freedom and flexibility that global management teams have versus individual contributors. While the majority of respondents agree that remote and hybrid work is here to stay, only 40% of non-managers have the freedom to work remotely compared to 63% of people managers* who can work from anywhere.
The Alludo survey data shows that leadership has been slow to adopt change across all levels of the organization. Making the shift to a remote and hybrid work model requires a fundamental shift in the way leaders lead. In this new world, the employee-manager relationship is built on trust, and outcomes are the true indicators of success. Employees are no longer constrained by bureaucratic processes and micromanaging––a bottoms-up, “people-first” approach is needed instead of the command and control of the past. This concept is called Work3, an idea championed by Alludo during the company’s recent rebrand. Work3 is a shift in work culture that supports the notion that all employees should have the freedom and flexibility to choose where, when, and how they do their best work.
“True leadership isn’t about getting people in a room to do what you want, It’s about giving employees the room to deliver amazing results. The last few years have proven that knowledge workers can be productive at home. It’s time for leadership teams to leave the mandatory 9-to-5 office experience behind and recognize that freedom and flexibility are key to not only working better but living better."
Christa Quarles, Chief Executive Officer at Alludo
In addition to where they work, employees want flexibility in when they work. The survey data confirms that three-fourths (74%) of employees no longer want to work a standard 9-to-5 day. However, almost half (47%) of non-managers still work standard hours compared to nearly one-third of managers. Again, this highlights the gap in the freedom offered to individual contributors versus managers, with the former having less flexibility when it comes to determining when and where they work.
To be successful in the remote and hybrid world, leadership needs to create a cohesive vision, outline clear expectations and outcomes, and give their employees the freedom and flexibility to decide when, where, and how they do their best work. The reality, however, is a far different picture. The survey data shows that C-level executives believe they have adapted to the new way of managing, but non-managers disagree.
58% of C-level executives believe their company has changed the way remote and hybrid employees are managed.
But 57% of non-managers disagree and say leadership has not changed their management style and 28% indicate they are still micromanaged.
If leaders do not evolve their management style to give their employees more freedom and flexibility to choose where, when, and how they work, data shows that 43% of individual contributors would consider quitting or even changing careers––that’s nearly half!
Alludo™ is a global technology company helping people work better and live better. We’re the people behind award-winning, globally recognizable brands including Parallels®, Corel®, MindManager®, and WinZip®. Our professional-caliber graphics, virtualization, and productivity solutions are finely tuned for the digital remote workforce delivering the freedom to work when, where, and how you want. With a 35+ year legacy of innovation, Alludo empowers all you do, helping more than 2.5 million paying customers to enable, ideate, create, and share on any device, anywhere.