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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.
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Red Hat | October 28, 2022
Red Hat, Inc., the world's leading provider of open source solutions, today introduced Red Hat Device Edge, a solution for flexibly deploying traditional or containerized workloads on small devices such as robots, IoT gateways, points of sale, public transport and more. Red Hat Device Edge delivers an enterprise-ready and supported distribution of the Red Hat-led open source community project MicroShift, a lightweight Kubernetes orchestration solution built from the edge capabilities of Red Hat OpenShift, along with an edge-optimized operating system built from Red Hat Enterprise Linux. This latest product in the Red Hat edge portfolio aims to provide a future-proof platform that allows organizations’ architecture to evolve as their workload strategy changes.
As more and more companies deploy edge computing across a broader range of use cases, many new questions, operational needs and business challenges are poised to arise. In industries like automotive, manufacturing and more, organizations are up against different environmental, security and operational challenges that require an ability to work with small form-factor edge devices in these resource constrained environments. Ultimately, different devices have different requirements in terms of computing power, software compatibility and security footprint.
With Red Hat Device Edge, organizations can have the flexibility to deploy containers at the edge in a small footprint, reducing compute requirements by up to 50% in comparison to traditional Kubernetes edge configurations. It also helps to address many of the emerging questions around large-scale edge computing at the device edge by incorporating:
Kubernetes built for edge deployments, enabling IT teams to use familiar Kubernetes features in a new, smaller, lighter-weight footprint offered by MicroShift. This lowers the barrier of entry for teams building cloud-native applications for edge computing environments and enables them to use existing Kubernetes skills to achieve greater consistency of operations across the entirety of the hybrid cloud, from the datacenter to public clouds to the edge.
An edge-optimized Linux OS built from the world’s leading enterprise Linux platform in Red Hat Enterprise Linux and tailored for small edge devices with intelligent updates that use minimum bandwidth. This helps organizations tackle the challenges of intermittent connectivity while mitigating the impact on edge innovation.
Capabilities for centrally scaling and monitoring edge device fleets with Red Hat Smart Management. IT teams can use zero-touch provisioning, system health visibility and updates with automatic rollbacks to maintain a stronger edge management and application security posture.
Red Hat Device Edge for far-flung, resource constrained use cases across different industries
Red Hat Device Edge was created to help Red Hat customers and partners tackle their most challenging edge environments. For example, Lockheed Martin has been collaborating with Red Hat in the MicroShift project community and is also working to deploy Red Hat Device Edge to modernize and standardize its application delivery and AI workloads in extreme conditions including wildland fire management, contested military environments and space. Additionally, ABB is planning to use Red Hat Device Edge for ABB Ability™ Edgenius™ on resource constrained devices. Edgenius is a comprehensive edge platform for industrial software applications.
Red Hat Device Edge will be aimed at organizations who require small factor edge devices with support for bare metal, virtualized or containerized applications, regardless of industry. Additional use cases include but are not limited to:
Miniature, connected nodes on public transportation where edge devices are often in motion but still need faster processing via AI/ML to analyze data locally in real time (i.e. railways, mining, cars, drones).
Resilient resource nodes at challenging locations like weather monitoring stations where, in spite of the harsh, tough-to-support environments, an edge device will still be capable of taking care of itself with the ability to perform automated software rollbacks, maintain a stronger security posture and better enforce sensitive data controls.
Emerging edge constrained scenarios where thousands of edge devices may be running applications in locations that make weight, temperature and connectivity all major concerns.
Red Hat Device Edge meets organizations wherever they are today in their edge computing journey, as it will run a wide variety of workloads using Podman for edge container management or MicroShift for a Kubernetes API. Customers will even be able to use legacy windows applications within a virtual machine.
Red Hat Device Edge is planned as a developer preview early next year, and expected to be generally available with full support later in 2023.
Francis Chow, vice president and general manager, In-Vehicle Operating System and Edge, Red Hat
“Innovation at the edge has introduced new benefits and use cases for organizations across all industries - but it has also created new challenges. Working with our customers and partners, Red Hat began a journey to develop a new technology offering - designed specifically for the edge - extending our hybrid cloud solution so that our ecosystem will be able to take advantage of intelligence paired with trusted open source technology to tackle their smallest footprint remote edge use cases. Tested in the community, now produced by Red Hat, Red Hat Device Edge is a major next step in harnessing the full range of benefits promised by edge computing.”
Justin Taylor, vice president of Artificial Intelligence, Lockheed Martin
“Red Hat Device Edge will enable Lockheed Martin to revolutionize artificial intelligence processing for our DOD customers’ most challenging missions. The ability for small military platforms to handle large AI workloads will increase their capacity in the field, ensuring our military can stay ahead of evolving threats. Lockheed Martin is a long-time customer and collaborator to Red Hat and working on Red Hat Device Edge together is a critical next step in this strategic relationship.”
Bernhard Eschermann, chief technology officer, ABB Process Automation
“ABB is excited to continue working with Red Hat to streamline the transition from automated to autonomous operations for the manufacturing industry. With Red Hat Device Edge, ABB will be able to connect cloud and control environments to improve asset efficiency and operations by aggregating and analyzing data on devices with more limited resources. With this continued collaboration, ABB’s ecosystem will experience the benefit of open source solutions driven by innovative market leaders now and in the future. ”
About Red Hat, Inc.
Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.
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Lenovo | October 07, 2022
To take a critical look at how today’s societal challenges have affected global productivity and attitudes, Lenovo today releases its first-ever Think Report. This report identifies a compromised way of thinking in today’s world, with global respondents claiming a loss of roughly two hours per day in productivity due to their inability to think purposefully, primarily because of burnout, stress and mental fatigue they have experienced from the tremendous societal changes in the past two years.
This timely report – which surveyed 5,700+ people across the US, UK, Germany and Japan – comes on the heels of the 30th anniversary of Lenovo ThinkPad. The insights look to educate people in the workforce on the importance of “real thinking,” and will enable those to use technology more intelligently, collaboratively -- and less intrusively, in a way that isn’t distracting to living life and thriving.
“It is eye-opening to see that people globally feel that societal progress is in jeopardy because of a lack of real thinking. 80% of those surveyed believe that we, as a society, need to develop a new revolution in thinking, As we celebrate ThinkPad’s 30th anniversary, it’s a pivotal time to re-evaluate how human-centered technology can catalyze better thinking in all aspects of our lives – from home to work to school and more.”
Emily Ketchen, VP and CMO of Intelligent Devices Group, Lenovo
The Thinking Gap
Respondents largely feel that the external events of the last few years (e.g., COVID-19, economic disruptions, etc.) are contributing to and exacerbating distractions, heightened multitasking and fatigue, which further impairs the quality of their thinking.
Across all respondents, just 34% say they spend "all" or "most" of their thinking time in clear, deep, and productive thinking.
75% of IT Decision Makers globally say that their colleagues struggle “a great deal” or “somewhat” with engaging in clear and productive thinking.
64% of those surveyed feel that they are reliant on practical or “survival” thinking and the ability to think quickly and multitask is “extremely” or “very important” – thus, resulting in a lack of innovative and actionable thinking that can impact advancements.
In tandem, most respondents feel the situation is not improving – projecting that their lives will not get any easier or any less stressful over the next several years.
The Power of Thinking
Across the globe, while broad segments of respondents said they are struggling to achieve better thinking today, respondents have positive associations with improved thinking and understand the benefits that come with unlocking higher-order thinking.
65% of respondents believe that engaging in clear, deep, productive thinking will help them make better decisions.
79% of those surveyed in the U.S. consider critical thinking “extreme” or “very important.”
While people recognize the power of improved thinking, productive thinking times vary greatly depending on the region, and don’t always align with the traditional “9-to-5” workday.
37% of Americans surveyed and 24% of respondents in the UK prefer late nights or early mornings.
25% of Japanese respondents favor mid-morning. On the other hand, 35% of Germans think more clearly in the evenings.
Across the board, those surveyed believe the #1 must-have for better thinking is a quiet environment – and respondents in the US, UK and Germany expressed noise-cancelling technologies are most valued to help with deeper thinking.
Better Thinking Empowered by Technology
Based on the research, evolutions in communication and collaboration technologies are considered as the most helpful features in promoting better thinking. In addition, learning how to use technology more purposefully – including setting some boundaries, limiting distractions and decreasing clutter of information – can help us build better thinking habits.
66% of Business End Users surveyed are looking for information on how technology can help with clear, deep and productive thinking. They are also more willing than the general population to consider re-evaluating their relationship with technology. For example, many feel that simplifying tasks could help individuals achieve better thinking.
40% of respondents in Germany would learn how to use technology more purposefully.
39% of respondents in the U.S. would set boundaries around their technology usage. For example, setting time aside to play an instrument or exercise.
Overwhelmingly, IT Decision Makers surveyed feel optimistic about the technology their coworkers have access to and how it enables clear thinking for employees and organizations. Whether it’s crunch time to meet deadlines, a need for business minds to come together, or the opportunity to invent – more than 60% of those surveyed think that technology helps individuals engage in critical, reflective, collaborative, expansive/exploratory and/or new types of thinking.
Thinking for Humanity
Overall, respondents believe that improved thinking has the potential to leave long-lasting impacts. A majority of those surveyed agree that better thinking would increase our collective humanity and we would be closer to solving challenges facing humanity and society for future generations to come.
62% in the US, 54% in the UK and 52% in Germany say that our society would be kinder if we engaged in more clear, deep and productive thinking.
The full Think Report can be viewed here.
Fieldwork for this study was conducted via an online survey of 5,768 respondents from July 4 to 24, 2022. The survey sample was comprised of a combination of Gen Pop, BEUs1, and ITDMs2 from the markets of U.S., U.K., Germany, and Germany. The margin of error for individual market samples of Gen Pop respondents is +/- 3.
Lenovo is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 75,000 people around the world, 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 leading PC player by expanding into new growth areas of infrastructure, mobile, solutions and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere.