SAN ANTONIO, April 5 (Bernama-GLOBE NEWSWIRE) -- Rackspace® today announced that it has been positioned by Gartner, Inc. in the Leaders quadrant of its 2018 Magic Quadrant for Public Cloud Infrastructure Managed Service Providers, Worldwide.
The Gartner assessment, performed by the firm’s IT industry analysts, evaluates service providers based on the completeness of their vision and their ability to execute. It categorizes providers in quadrants labeled Niche Players, Challengers, Visionaries, and Leaders. Rackspace was among the 20 providers assessed by Gartner, and is one of three providers in the Leaders quadrant.
“In our view, being recognized as a Leader in this Magic Quadrant for two years in a row is a testament to the breadth and depth of our portfolio and our expertise in delivering next-generation IT services,” said Joe Eazor, CEO of Rackspace. “Businesses within every industry are moving to consume IT in a more-agile and cost-efficient manner, as a service, across multiple public and private cloud platforms and technologies. We are constantly adding new capabilities to help businesses navigate and operate in this complex environment.”
Rackspace serves more than 140,000 customers worldwide, including a majority of the Fortune 100, and maintains data centers on five continents. The company helps customers through every phase of their digital transformation including planning, implementation, ongoing operations management, and optimization, across applications, data, security, and infrastructure.
“We are pleased to be recognized by our customers and Gartner. We feel it defines us as one of the pre-eminent leaders in offering managed services for all of the world’s leading public cloud platforms,” said Prashanth Chandrasekar, vice president and general manager, Managed Public Clouds at Rackspace. “Rackspace offers our customers a truly differentiated, next-generation services experience that uses a broad end-to-end approach to help accelerate digital transformation. Leveraging our expertise across the world’s leading hyperscale public clouds, we help customers choose the right public cloud for their specific technical and business needs based on a data-driven framework. We enable customers to migrate applications in a rapid fashion to the public cloud and then ensure the highest levels of ongoing performance at the lowest total cost, using our cost and architecture optimization tooling. We will continue to invest in our multi-cloud technology and specialist talent to drive significant value for our customers.”
http://mrem.bernama.com/viewsm.php?idm=31607
Friday, 6 April 2018
Aryaka and CMI deliver first fully compliant SD-WAN for global enterprises
KUALA LUMPUR, April 5 (Bernama) -- Aryaka today announced partnership with China Mobile International (CMI) to deliver the first fully compliant global SD-WAN service for international companies with locations in China and Chinese companies with a global presence.
CMI, the largest telecommunications operator in the world by network scale and subscriber base will sell a combined solution of Aryaka's Global SD-WAN and Internet connectivity to deliver SD-WAN services optimised for modern global enterprise applications, a statement said.
Under the partnership, CMI will provide high performance SD-WAN services to businesses headquartered in China with international locations and offer foreign companies a sanctioned SD-WAN service supporting locations in China fully compliant with local regulations and privacy policies.
"Aligning our resources will increase enterprise agility by simplifying the job of deploying and managing SD-WANs that meet singular compliance requirements in China," said president and chief executive officer of Aryaka, Shawn Farshchi.
"Aryaka and CMI will provide the only solution that can deliver significantly better performance for both on-premises and SaaS/cloud applications anywhere in the world," he added.
President CMI USA, Daniel Chen said Aryaka's global SD-WAN combined with their vast infrastructure in China and worldwide will enable CMI to answer the demand for SD-WAN meeting SLA requirements of enterprise applications.
Aryaka is the leading global SD-WAN provider. The company also has the fastest growing SD-WAN solution in the market today, delivering enhanced performance for cloud and on-premises applications worldwide. More about Aryaka can be accessed at www.aryaka.com.
-- BERNAMA
CMI, the largest telecommunications operator in the world by network scale and subscriber base will sell a combined solution of Aryaka's Global SD-WAN and Internet connectivity to deliver SD-WAN services optimised for modern global enterprise applications, a statement said.
Under the partnership, CMI will provide high performance SD-WAN services to businesses headquartered in China with international locations and offer foreign companies a sanctioned SD-WAN service supporting locations in China fully compliant with local regulations and privacy policies.
"Aligning our resources will increase enterprise agility by simplifying the job of deploying and managing SD-WANs that meet singular compliance requirements in China," said president and chief executive officer of Aryaka, Shawn Farshchi.
"Aryaka and CMI will provide the only solution that can deliver significantly better performance for both on-premises and SaaS/cloud applications anywhere in the world," he added.
President CMI USA, Daniel Chen said Aryaka's global SD-WAN combined with their vast infrastructure in China and worldwide will enable CMI to answer the demand for SD-WAN meeting SLA requirements of enterprise applications.
Aryaka is the leading global SD-WAN provider. The company also has the fastest growing SD-WAN solution in the market today, delivering enhanced performance for cloud and on-premises applications worldwide. More about Aryaka can be accessed at www.aryaka.com.
-- BERNAMA
Tuesday, 3 April 2018
Financial strength rating of Pacific International Insurance is good- A.M. Best
KUALA LUMPUR, March 30 (Bernama) -- A.M. Best has affirmed the financial strength rating of B++ (good) and the long-term issuer credit rating of 'bbb' of Pacific International Insurance Pty Limited (Pacific) Australia, a small, niche insurer that underwrites insurance products.
The outlook of these credit ratings is stable, a statement said.
The ratings reflect Pacific's balance sheet strength, which A.M. Best categorised as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Pacific's strong balance sheet assessment is due in part to its low underwriting leverage and conservative investment portfolio.
Despite soft commercial pricing conditions in recent years, Pacific has generated operating profits over the past five years, driven mainly by the favorable claims experience of its product offerings and a steady stream of interest income.
A.M. Best expects that Pacific will maintain positive operating results, supported by stable revenue growth, low claims ratios and an expense ratio that is expected to decline gradually over time.
A.M. Best is the world's oldest and most authoritative insurance rating and information source.
-- BERNAMA
Monday, 2 April 2018
ALIBABA TO ACQUIRE FULL OWNERSHIP OF CHINA ONLINE DELIVERY PLATFORM ELE.ME
Acquisition will leverage Ele.me’s delivery force to boost Alibaba’s New Retail initiative in local services
HANGZHOU, China, April 2 (Bernama-BUSINESS WIRE) -- Alibaba Group Holding Limited (NYSE: BABA, “Alibaba”) announced today that the company will acquire all outstanding shares that it does not already own in Ele.me, a leading online delivery and local services platform in China, in a transaction that implies the enterprise value of Ele.me at US$9.5 billion. Alibaba and its affiliate Ant Small and Micro Financial Services Group Co., Ltd. currently own approximately 43% of the outstanding voting shares of Ele.me.
This acquisition will deepen Ele.me’s integration into Alibaba’s ecosystem and advance Alibaba’s New Retail strategy to provide a seamless online and offline consumer experience in the local services sector.
Daniel Zhang, CEO of Alibaba Group, said, “We are excited for Ele.me to become a part of the Alibaba ecosystem. Under the leadership of its founder and management team, Ele.me has achieved leading market share in China’s online food delivery and local services sector. Our shared belief that New Retail will create more value for customers and merchants has brought us together. Looking forward, Ele.me can leverage Alibaba’s infrastructure in commerce and find new synergies with Alibaba’s diverse businesses to add further momentum to the New Retail initiative.”
Ele.me’s fast local delivery service will build on its core expertise in food delivery to provide consumers with a wider range of products and services on-demand. This expansion of offerings will allow Ele.me to efficiently utilize its large delivery force that currently fulfills orders in cities across China.
Ele.me also complements Koubei, Alibaba’s affiliated local services platform and provides extended synergies. By combining Ele.me’s online home delivery services with Koubei’s consumer acquisition and engagement capability for a range of restaurants and service establishments, Alibaba will be able to offer an integrated experience to consumers both online and offline.
Zhang Xuhao, founder of Ele.me, said, “This acquisition shows that we have built Ele.me into one of China’s most valuable internet businesses. Our customers, merchants and partners will benefit from our further integration into the Alibaba family. We share the same strategic vision that New Retail has a bright future and being part of Alibaba’s ecosystem will take Ele.me’s growth to a new level.”
Ele.me will continue to operate in its own brand and work closely with its existing partners and merchants. Alibaba will lend its full support to Ele.me including access to its New Retail infrastructure, product offerings and technology expertise.
Upon completion of the acquisition, Zhang Xuhao will become Chairman of Ele.me and special advisor to Alibaba’s CEO on New Retail strategy. Wang Lei, Vice President of Alibaba Group, will become chief executive of Ele.me. Wang joined Alibaba in 2003 and has held a number of senior positions in Alibaba’s consumer e-commerce, B2B, O2O service and healthcare businesses.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.
Safe Harbor Statements
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “aim,” “anticipates,” “future,” “intends,” “plans,” “believes,” “may,” “estimates,” “potential,” “continue,” “ongoing,” “goal”, “targets,” “guidance”, “commits” and similar statements. Among other things, statements that are not historical facts, including statements about Alibaba’s investment plans, the completion of the transaction and the strategic goals of the investment, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the possibility that the various closing conditions for the transaction may not be satisfied or waived or that the intended strategic goals may not be achieved. All information contained in this announcement is as of the date of this announcement and are based on assumptions that Alibaba believes to be reasonable as of this date. You should not rely upon these forward-looking statements as predictions of future events. Alibaba does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180401005041/en/
Contact
Alibaba Group Holding Limited
Asia
Katie Lee, +852 9728 0979
k.lee@alibaba-inc.com
or
U.S.
Robert H. Christie, +1 917-860-9410
bob.christie@alibaba-inc.com
Source : Alibaba Group Holding Limited
HANGZHOU, China, April 2 (Bernama-BUSINESS WIRE) -- Alibaba Group Holding Limited (NYSE: BABA, “Alibaba”) announced today that the company will acquire all outstanding shares that it does not already own in Ele.me, a leading online delivery and local services platform in China, in a transaction that implies the enterprise value of Ele.me at US$9.5 billion. Alibaba and its affiliate Ant Small and Micro Financial Services Group Co., Ltd. currently own approximately 43% of the outstanding voting shares of Ele.me.
This acquisition will deepen Ele.me’s integration into Alibaba’s ecosystem and advance Alibaba’s New Retail strategy to provide a seamless online and offline consumer experience in the local services sector.
Daniel Zhang, CEO of Alibaba Group, said, “We are excited for Ele.me to become a part of the Alibaba ecosystem. Under the leadership of its founder and management team, Ele.me has achieved leading market share in China’s online food delivery and local services sector. Our shared belief that New Retail will create more value for customers and merchants has brought us together. Looking forward, Ele.me can leverage Alibaba’s infrastructure in commerce and find new synergies with Alibaba’s diverse businesses to add further momentum to the New Retail initiative.”
Ele.me’s fast local delivery service will build on its core expertise in food delivery to provide consumers with a wider range of products and services on-demand. This expansion of offerings will allow Ele.me to efficiently utilize its large delivery force that currently fulfills orders in cities across China.
Ele.me also complements Koubei, Alibaba’s affiliated local services platform and provides extended synergies. By combining Ele.me’s online home delivery services with Koubei’s consumer acquisition and engagement capability for a range of restaurants and service establishments, Alibaba will be able to offer an integrated experience to consumers both online and offline.
Zhang Xuhao, founder of Ele.me, said, “This acquisition shows that we have built Ele.me into one of China’s most valuable internet businesses. Our customers, merchants and partners will benefit from our further integration into the Alibaba family. We share the same strategic vision that New Retail has a bright future and being part of Alibaba’s ecosystem will take Ele.me’s growth to a new level.”
Ele.me will continue to operate in its own brand and work closely with its existing partners and merchants. Alibaba will lend its full support to Ele.me including access to its New Retail infrastructure, product offerings and technology expertise.
Upon completion of the acquisition, Zhang Xuhao will become Chairman of Ele.me and special advisor to Alibaba’s CEO on New Retail strategy. Wang Lei, Vice President of Alibaba Group, will become chief executive of Ele.me. Wang joined Alibaba in 2003 and has held a number of senior positions in Alibaba’s consumer e-commerce, B2B, O2O service and healthcare businesses.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.
Safe Harbor Statements
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “aim,” “anticipates,” “future,” “intends,” “plans,” “believes,” “may,” “estimates,” “potential,” “continue,” “ongoing,” “goal”, “targets,” “guidance”, “commits” and similar statements. Among other things, statements that are not historical facts, including statements about Alibaba’s investment plans, the completion of the transaction and the strategic goals of the investment, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the possibility that the various closing conditions for the transaction may not be satisfied or waived or that the intended strategic goals may not be achieved. All information contained in this announcement is as of the date of this announcement and are based on assumptions that Alibaba believes to be reasonable as of this date. You should not rely upon these forward-looking statements as predictions of future events. Alibaba does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180401005041/en/
Contact
Alibaba Group Holding Limited
Asia
Katie Lee, +852 9728 0979
k.lee@alibaba-inc.com
or
U.S.
Robert H. Christie, +1 917-860-9410
bob.christie@alibaba-inc.com
Source : Alibaba Group Holding Limited
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