NC1705

COMPANYNEWS
MARKET DYNAMICS: MAKING SENSE OF THE MARKET
IN A REGULAR LOOK AT RESULTS AND KEY BUSINESS ANNOUNCEMENTS FOR SUPPLIERS INTO THE
NETWORKING AND IT MARKET, NETWORK COMPUTING SUMMARISES THE EDITORS SELECTIONS
International provider of
telecommunications, enterprise and
consumer technology solutions for the
Mobile Internet, ZTE Corporation, has
posted a 27.8 percent rise in first-quarter
profit, citing increased sales of carrier
network solutions and smartphones. ZTE
says that it is strengthening its position as
a global leader in 5G research and
deepening its collaboration with carriers
through its new proprietary frequency
division duplex long-term evolution (FDD-
LTE) based Massive multiple input multiple
output (MIMO) solution. ZTE also says it is
consolidating its status as one of the
global leaders in Smart City technologies,
with new projects in major Chinese and
western European cities, including
Germany and France.
Business communications provider Arden
Group has acquired Birmingham-based IT
support specialist Computerworld Business
Solutions (CBS) for an undisclosed sum
saying that the deal will further bolster
Arden Group's existing managed service
offering, adding the comprehensive IT
support and services experience of CBS
into its growing communications portfolio.
The long-term plan is to fully integrate
CBS into the Arden Group brand.
Commenting, Nigel Walker of Arden
Group said, "The acquisition represents
an important milestone… CBS gives us
the chance to boost our service offering…
to deliver a fully converged IT and
telecoms solution."
Tegile Systems, a provider of flash-driven
storage arrays for databases, virtualised
server and virtual desktop environments
has secured $33 million of additional
funding. The funding was led by Western
Digital Corp and current investors
including Meritech Capital, Capricorn
Investment Group and Cross Creek
Capital. The new funds will drive
technology development and product
innovation and expand worldwide reach.
According to Gartner the solid state
array (SSA) market will reach $10.4
billion by 2020 and account for 52
percent of the external storage market.
With an all-flash revenue growth rate of
110 per cent year over year, Tegile is
already outpacing the market and is in a
prime position for solid growth, fulfilling
its mission of helping companies
transition to an all-flash data centre.
McAfee has begun operating as a new
standalone cybersecurity company
marking the closing of investment by TPG
and Intel Corporation. They claim they are
one of the world's largest pure-play
cybersecurity firms and have appointed a
new CEO Chris Young, previously Senior
Vice President and General Manager of
the Intel Security Group.
Global telecommunications provider
Level 3 Communications has been
positioned in the Challengers quadrant of
the February 2017 Gartner Magic
Quadrant for Network Services. This is the
third year in the Challengers quadrant for
their managed hybrid WAN offering. They
say that they can deliver the flexibility to
scale bandwidth up and down to meet
business needs and operate in over 290
markets around the world, with flexible
bandwidth options ranging from 2 Mbps
to 6 Gbps.
Nottingham-based information
management software provider Ideagen
has announced their acquisition of
PleaseTech, its twelfth purchase in nine
years. PleaseTech specialises in the
development of software solutions for
collaborative authoring and review of
corporate documentation. Ideagen CEO,
David Hornsby said "PleaseTech brings us
outstanding intellectual property… to
complement our existing product suite…
[and] strengthen our position in Life
Sciences."
Augsburg-based company
WITTENSTEIN SE has taken over 100 per
cent of baramundi software shares, but
baramundi will remain independent in its
business activities. Uwe Beikirch,
Managing Director of baramundi
software said, "In our view, WITTENSTEIN
SE is the ideal partner since it not only
shares the same values, but as a German
SME it knows and understands the
requirements of our customers. We are
convinced that this will produce benefits
for both sides and we can develop new
business fields in the Internet of Things
and Industry 4.0 areas." NC
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information contained in this article.
6 NETWORKcomputing MAY/JUNE 2017 @NCMagAndAwards
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