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.
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Wipro | November 11, 2022
Wipro Limited a leading technology and consulting services company, and VMware, Inc. announced an extended collaboration to help mutual customers accelerate their digital journey and maximize their VMware Cloud investments.
As part of this expanded relationship, Wipro will launch a new dedicated VMware-focused business aligned to Wipro’s broader strategy of driving growth through strategic partnerships. The unit will focus on the power of Wipro FullStride Cloud Services’ in-depth expertise across industries along with VMware Cross-Cloud services to help enterprises drive enhanced agility, speed, and innovation. The goal will be to streamline VMware implementations and accelerate deployment of applications, leading to better, faster ROI.
“Multi-cloud, modern applications and anywhere workspace strategies are increasingly more critical to enterprise success, We are thrilled to join forces with Wipro to tap into our collective strengths and help make adoption of digital transformation strategy easier for large enterprises. Together, we look forward to providing enterprises with the Cloud Smart solutions and services they need to achieve value from technology investments faster, compete more effectively, and operate their businesses more efficiently and securely.”
Monty Bhatia, Vice President, Global Systems Integrators, VMware
Wipro’s new business unit will work with VMware on deepening the companies’ collaboration on deploying VMware solutions, including VMware Anywhere Workspace, which allows employees to work from anywhere with more secure and frictionless experiences. All solutions will be implemented with an eye toward sustainability and reduced carbon footprint as a key business outcome.
“The innovative solutions we have created with VMware thus far enable enterprises to accelerate the development and deployment of more secure modern apps and empower their global workforce while dramatically simplifying the management of a multi-cloud infrastructure,” said Jason Eichenholz, Senior Vice President, Global Head of Ecosystems & Partnerships, Wipro Limited. “We are thrilled to expand our partnership with VMware to help clients realize better, faster value from cloud investments.”
“This new Wipro business unit will accelerate our clients’ journey to the cloud, helping drive innovation, resilience, and agility,” said Jo Debecker, Senior Vice President & Global Head, Cloud and Infrastructure Services, Wipro Limited. “Wipro’s VMware-dedicated Business Unit will be an important vehicle for clients across every major industry to maximize the transformative power of hybrid/public clouds to deliver new experiences, new solutions and innovations to their end users.”
Wipro will offer a full portfolio of digital transformation services in collaboration with VMware across industries, with major focus on Banking & Financial Services, Healthcare, and Consumer and Retail. The unit will leverage Wipro’s 10,000+ domain experts in these verticals including the expertise acquired through acquisitions like Capco and Designit. Wipro will be significantly scaling the technical competency in VMware Cross-Cloud services for multi-cloud infrastructure, modern apps, anywhere workspace, networking, and security, and will have 5,000 cross-trained professionals for these areas over next two years.
The Wipro and VMware collaboration will be truly global, covering the Americas, Europe, Middle East, Africa, and Asia Pacific, and will involve multi-million-dollar investments across sales, alliances, and delivery resources in each of these regions. The delivery will be executed through Wipro FullStride Cloud Studios in US, Europe, and India.
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. For more information, please visit www.vmware.com/company.
About Wipro Limited
Wipro Limited is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners across 66 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world.
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NextNav | November 17, 2022
RadioIP, a leader in secure mobile communications, has selected NextNav, the leader in vertical location positioning, to empower its industry-leading VPN solutions with mission-critical z-axis location intelligence.
While mobile apps are used in many operations, many users need options that provide the ability to be tracked without being visible to others. With this partnership, first responders and security agencies can ensure personnel are safe and securely located, and that command can have the situational awareness required, without fear of their mission being compromised. Through the NextNav Pinnacle network, RadioIP will be positioned to bring a new level of efficiency and connectivity intelligence, providing end users with a secure and location-intelligent network node that allows precise tracking without the screen presence of a traditional mobile app.
Whereas RadioIP's Armada™ VPN mobile app currently allows for x/y location, adding NextNav's Pinnacle z-axis service will allow for command to not only know the health of the connection but discreetly locate personnel in complex urban environments where vertical location is a must-have. When combined with RadioIP's Synopsis Metrics platform, agencies will have a complete view of all location services and network performance so that responders are secured and the connectivity they rely upon performs as required.
"One of the most critical aspects of communication today is how the path is secured, As we have frequently seen from location spoofing and the risk it places on responders, it is critical that not only are communications secured but, when combined with NextNav's z-axis service, encrypted end-to-end. We designed Armada VPN to secure and measure connectivity of responder end points, and as we explored how to solve unique customer needs, we recognized that including z-axis is highly necessary in today's day and age."
Roch Tremblay, COO at RadioIP
"As the use of mobile apps increases in public safety, new and highly unique capabilities continue to emerge that will provide critical capabilities for public safety and security operations", said Dan Hight, VP of Business Development at NextNav. "RadioIP is a natural partner and, with NextNav's Pinnacle solution and service embedded in their ecosystem, agencies and end-users will benefit from having a "headless app" that protects those who serve with precision vertical location and secure connectivity. This partnership is one we see having tremendous benefit to not only agencies but our partner ecosystem as well."
The Pinnacle network delivers precise vertical location in 4,400 cities and towns – capturing 90% of buildings greater than three stories – in the United States. NextNav Pinnacle powers applications across the public safety community to support stronger situational awareness for first responders. Earlier this year, a tier-one wireless carrier selected NextNav Pinnacle to bring z-axis capabilities to wireless 9-1-1 phone calls to enhance caller geolocation and emergency response outcomes.
About RadioIP :
A leader in mobile communications, Radio IP Software offers a portfolio of mobile VPN solutions to overcome the performance, security, connectivity and roaming challenges associated with wireless networks to achieve faster response times. Designed for today's wireless and mobile environments, our solutions enable mobile users to seamlessly roam across all network environments. Radio IP provides award-winning services for mission-critical and business-critical communication. We work with corporations, utilities, and government agencies in North America, Europe, South East Asia, and Australia.
NextNav Inc. is a leader in next generation GPS, enabling a whole new ecosystem of applications and services that rely upon vertical location and resilient geolocation technology. The company's Pinnacle network delivers highly accurate vertical positioning to transform location services, reflecting the 3D world around us and supporting innovative, new capabilities. NextNav's TerraPoiNT network delivers accurate, reliable, and resilient 3D positioning, navigation and timing (PNT) services to support critical infrastructure and other GPS-reliant systems in the absence or failure of GPS.
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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.