Monday, May 2, 2016

EMC Expands its All-Flash Storage Options

EMC introduced a range of new products for data centers, including:

  • New "Unity" family of all-flash storage -- aimed at small and medium-size IT deployments. It is available in all-flash, hybrid, converged and software-defined configurations and is designed to help customers make an affordable and simple transition from disk to flash. 
  • New Virtustream Storage Cloud -- a global cloud storage platform offering enterprise-levels of resiliency and performance combined with true web scale. 
  • New EMC MyService360 cloud-based service dashboard -- provides a visually compelling, near real-time visibility into the health and status of a customer's entire EMC data center environment. MyService360 is built using EMC's internal data lake and provides powerful analytics and visualization tools designed to improve, enhance and simplify the way customers engage with EMC products to make their jobs easier. 
  • EMC Enterprise Copy Data Management (eCDM) -- an expansion of EMC's Copy Data Management portfolio which helps customers tackle data sprawl and reduce the cost of storing and managing multiple copies of the same data. eCDM enables customers to modernize their storage and protection strategy with discovery, automation and optimization of copy data to reduce costs and streamline operations. eCDM provides companies with a pan-enterprise solution to monitor, manage and analyze copy data, eliminating the waste organizations will spend storing data on the wrong tier of data or when they no longer need the data all together. 
  • ViPR Controller 3.0 -- bridges traditional and cloud native environments to enable business transformation, including support for over 50 EMC and third-party storage platforms. 

"The IT industry is in a state of massive transformation, resulting in both disruption and great
opportunity. Every business leader, across every industry, is facing the dilemma of how to support and grow traditional IT infrastructure while modernizing the data center in order to support the development of new applications and advance their digital agendas," said David Goulden, EMC Information Infrastructure CEO.

http://www.EMC.com

Sunday, May 1, 2016

Blueprint: Disaster Recovery and Business Continuity Demand Survey

by Ofer Gadish, CEO, CloudEndure

We live in the Information Age, but it’s fair to suggest we also work in the Availability Age. Just about every organization expects fast and reliable access to their sensitive data and critical applications.

With integral business functions dependent on the highest level of accessibility, companies recognize that disaster recovery (DR) is just as important as the efficiency of their infrastructure or cloud service. But despite aiming high and wanting nearly-perfect business continuity, many businesses are far from reaching that goal.

That’s what we discovered in our most recent annual survey of more than 140 directors, CIOs and managers of large, mid-sized and small companies. The majority of respondents to the CloudEndure 2016 survey Disaster Recovery Challenges and Best Practices serve more than one type of customer, providing services to a mix of enterprises and small businesses and often directly to customers. They face the constant pressure of offering business continuity they can hang their hats on.

The respondents delivered good news: some pain points of disaster recovery have improved since last year. Cloud provider downtime, for example, decreased for many. But the respondents also said progress is still needed in many critical areas, including the prevention of consequential human error. Indeed, the top risk to system availability for most of these professionals is a mistake made by man (and woman) and not machine. The same held true in 2015. Network failure, by the way, was the second most cited risk this year and last.

It’s worth reviewing several of the survey’s findings to highlight the deep concerns and enlightened opinions of these IT professionals so that your organization hopefully will have a better understanding of the practices and challenges many businesses have when ensuring DR and business continuity.

DR on the Rise for Production Machines

The importance of disaster recovery has been (almost) fully realized. Today, only five percent of companies have no DR for any of their production servers, according to the survey. Have no fear: Those holdouts expect to have DR by next year. Similarly, 67 percent believe they will have DR for more than half of their servers within the next 12 months. An even better indication of changing standards about disaster recovery – even though it’s a slow shift – is that 22 percent of the surveyed companies want DR for all of their production servers by 2017. Right now, 13 percent of those surveyed have DR across the board.

High Expectations for Service Availability

A smart business will usually research the service availability of a service provider before signing a contract. Our numbers support that: Eighty-four percent of our respondents rated service availability as a highly critical expectation of their customers and thus their business operations. Seventy-seven percent of surveyed organizations have a service availability goal of 99.9 percent (“three nines” or less than nine hours of downtime a year) or better.

But many businesses told us they have even higher expectations for service availability. Twenty-eight percent have a goal of 99.99 percent (“four nines” or less than 53 minutes of downtime), while 19 percent aim for 99.999% or above (“five nines” or less than five minutes of downtime a year). 

Meeting Their Goals

Half of those surveyed define downtime as an inaccessible system, while the other half expanded the definition further by saying downtime also means the system is accessible but its performance is highly degraded or some functions are not operational. With these standards in mind, 90 percent of businesses said they meet their service availability goals consistently or most of the time.

Still Suffering from Downtime

Despite having high expectations for service availability and believing they meet those goals, businesses nonetheless got hit by downtime not long before we reached out with our survey. More than half of them (57 percent) had an outage in the three months leading up to the survey and nearly a third (31 percent) had an outage in the days and weeks before answering our questions.

Human Touch and Network Failures Are Chief Concerns

The top risk to system availability is human error. Twenty-two percent of respondents said lack of training, poorly-labeled and illogical functions, human fatigue and inattention are the leading causes for employees jeopardizing system availability. Not far behind on the list of risks was network failures (20 percent), followed by application bugs (15 percent), storage failures (11 percent) and external threats such as hacking and denial of service attacks (11 percent). More good news: Cloud services might be improving their availability. We say that because the downtime of cloud providers, which ranked as the third biggest risk on our 2015 survey, fell to sixth this year.

What’s Preventing Them from Reaching Availability Goals

Just as we learned last year, insufficient IT resources and budget limitations are the top two challenges stopping businesses from meeting their availability goals. Other hurdles listed this year include lack of in-house expertise, difficulty keeping pace with change and growth, a narrow ability to prevent software bugs and limited cloud resource capability.

The Cost of Downtime Influences DR and Backup Efforts

Resources, budgets and other hurdles undoubtedly hinder businesses from staying on top of backup and DR. For example, while 29 percent of respondents take advantage of continuous data replication, 38 percent of them are on the other end of the spectrum: performing less thorough backup only every 12 to 24 hours.

Unquestionably, time and money spent on DR and backup influence how organizations handle business continuity. Our survey found a strong correlation between the cost of downtime and the average hours a week invested in backup and DR. Organizations that estimate the cost of a day of downtime is less than $10,000, in turn, invest fewer than five hours a week in backup and DR efforts. Those that see daily downtime costs exceeding $100,000 spend more than five hours a week on DR and backup.

The risks and challenges addressed in our survey said a lot about what businesses are worrying about. But if anything, the responses of many of these professionals show that despite budget limits, staffing issues and other hurdles, they want to meet customer demand for service availability and have confidence that disaster recovery will ensure access to critical data and applications.

About the Author

Ofer Gadish, CloudEndure’s CEO, is a serial entrepreneur and prolific innovator. He has over 16 years of extensive experience in senior management positions, both in startups such as Camelot, Jungo and Digicash and at established corporations, including Globespan, Amdocs and Limelight Networks. Ofer was previously the CEO and Co-Founder of AcceloWeb and VP & General Manager in Limelight Networks after its acquisition of AcceloWeb.

About the Company

CloudEndure provides Cloud Migration and Cloud Disaster Recovery for any application, allowing companies to mobilize entire applications with their data to and across clouds with near zero downtime and no data loss. CloudEndure enables truly consistent, block-level, real-time replication using continuous data protection. Founded in 2012, CloudEndure’s Cloud Workload Mobility technology creates an exact copy of the entire application at an alternative cloud location – at the touch of a button, within minutes, and with the latest data. CloudEndure supports physical, virtualized or cloud-based applications as the source and Amazon Web Services (AWS), Google Cloud Platform, Microsoft’s Azure and OpenStack as target cloud locations.  http://www.cloudendure.com

Verizon: Phishing Tops Data Breach Report

Incidents of phishing picked up dramatically over the past year, according to the newly released Verizon 2016 Data Breach Investigations Report, which analyzed more than 2,260 confirmed data breaches and more than 100,000 reported security incidents.

Some key findings of the report:

  • Eighty-nine (89) percent of all attacks involve financial or espionage motivations.
  • Most attacks exploit known vulnerabilities that have never been patched despite patches being available for months, or even years. In fact, the top 10 known vulnerabilities accounted for 85 percent of successful exploits.
  • Sixty-three (63) percent of confirmed data breaches involve using weak, default or stolen passwords.
  • 95 percent of breaches and 86 percent of security incidents fall into nine patterns
  • Ransomware attacks increased by 16 percent over 2015 findings.
  • Basic defenses continue to be sorely lacking in many organizations.

"The Data Breach Investigations Report's increasing importance to businesses, law enforcement and governmental agencies demonstrates a strong desire to stay ahead of cybercrime," said Chris Formant, president of Verizon Enterprise Solutions. "Now more than ever, the collaboration and contributions evidenced in the DBIR from organizations across the globe are required to fully understand the threat landscape. And understanding is the first step toward addressing that threat."

"You might say our findings boil down to one common theme -- the human element," said Bryan Sartin, executive director of global security services, Verizon Enterprise Solutions. "Despite advances in information security research and cyber detection solutions and tools, we continue to see many of the same errors we've known about for more than a decade now."

The full report is online.

http://news.verizonenterprise.com/2016/04/2016-data-breach-report-info/

SES Takes Majority Stake in O3b Networks

SES will increasing its stake in O3b Networks (O3b) from 49.1% to 50.5%, giving it majority control, for a payment of US$20 million.  This brings its aggregate equity investment in O3b to date to US$323 million (EUR 257 million). On completion, SES will consolidate O3b’s net debt, which is currently USD 1.2 billion. In addition, the Board of O3b Networks has agreed to evaluate an Initial Public Offering (IPO) process for the remaining 49.5% of O3b shares following receipt of the requisite regulatory approvals, and subsequent completion of SES’s increase in ownership to 50.5%.

O3b Networks operates a constellation of 12 High Throughput Satellites (HTS) in a Medium Earth Orbit (MEO) around 8,000 kilometres from the Earth. The company offers customers a ‘fibre in the sky’ solution, with each of the constellation’s beams capable of delivering up to 1.6 Gbps of throughput at a low latency of less than 150 milliseconds, a significant improvement over geostationary connectivity.

O3b claims to be the fastest growing satellite network in history in terms of capacity contracted. Since beginning commercial operations in September 2014, the company has added over 40 Enterprise, Mobility and Government clients across 31 countries. To date, over 50% of customers have already upgraded their initial service commitments, demonstrating the attraction of O3b’s unique and ‘game-changing’ solution. Consequently, O3b has a fully protected contract backlog of US$350 million. O3b’s global customer base includes Digicel Pacific, Royal Caribbean Cruise Lines, American Samoa Telecom, Speedcast, Rignet, Bharti International (Airtel), Timor Telecom, CNT Ecuador, Entel Chile and (via SES Government Solutions) the U.S. National Oceanic and Atmospheric Administration (NOAA).

O3b has procured an additional eight satellites to accommodate rapidly-expanding demand, with four satellites expected to be launched during H1 2018, and the remaining four satellites expected to be launched in H2 2019. These procurements will increase the size of the current fleet from 12 to 20 satellites (including three satellites currently flying as in-orbit back-up). At ‘steady-state’ utilisation, which is targeted to be achieved by the end of the third year of a satellite’s commercial service, the full operational constellation is expected to generate annualised revenue of between US$32 million and US$36 million per satellite.

SES said the consolidation enables it to extend its global reach and satellite-enabled solutions.

“The move to take control of O3b is a game-changing acquisition and a major step in the execution of SES’s differentiated strategy and complements SES’s growth strategy. O3b delivers a unique capability and solution, which is already in operation, for Enterprise, Mobility and Government clients, particularly for applications where low latency is an increasingly essential feature. The combined GEO/MEO satellite network and capabilities give SES a truly compelling and differentiated service offering within the industry, strengthening SES’s unique positioning across the data-centric markets," stated Karim Michel Sabbagh, President and CEO.

http://www.ses.com
http://www.o3bnetworks.com

O3B Lands $460 Million to Expand Global Satellite Constellation

O3b Networks closed $460 million in incremental financing to support its next-generation satellite network.  The company plans to use the money to expand the total number of satellites in its constellation from twelve to twenty.

O3b began full commercial operations in September 2014. The company said it now supports connectivity for more than 40 customers worldwide, with more than 50% of those customers having already upgraded their service commitments to O3b during the first year of commercial operation.

“This is an incredibly exciting time for O3b and its customers. Our constellation is highly scalable and can be grown in direct response to market demand. In only a little over a year from our full commercial launch, we can already see the need for substantially more capacity in orbit to serve our customers. We are the No.1 operator in the Pacific and, together with Royal Caribbean, we have revolutionized the cruise connectivity market. Our Telco customers are expanding their service offerings and growing their markets on the back of O3b’s performance and capability,” said Steve Collar, CEO of O3b Networks.

http://www.o3bnetworks.com

  • O3b Networks’ investors include SES, Google, Liberty Global, HSBC Principal Investments, Northbridge Venture Partners, Allen & Company, Development Bank of Southern Africa, Sofina, Satya Capital and Luxempart. O3b Networks is headquartered in St. Helier, Jersey, Channel Islands.

SpaceX Launches SES-9 on Falcon 9 Rocket

SpaceX successfully launched the SES-9 satellite using a Falcon 9 rocket from Cape Canaveral Air Force Station, Florida.

SES-9 is SES’s largest satellite to serve the Asia-Pacific region. It weighed 5.3 tonnes at the launch and has 57 high-power Ku-band transponders – equivalent to 81x36 MHz transponders’ It thus provides significant expansion capacity to serve the buoyant and fast-growing video, enterprise, mobility and government sectors across Northeast Asia, South Asia, India, Indonesia and the Philippines.

Boeing was lead contractor.

In addition, SES-9 is equipped with dedicated mobility beams to provide maritime coverage vessels on high-traffic maritime routes between the Suez Canal and Strait of Malacca.

The Falcon 9 rocket attempted to land on a drone ship in the Atlantic, but missed narrowly.

http://www.spacex.com

Gogo Leases Capacity on SES Next Gen Satellites

Gogo has contracted major High Throughput Satellite (HTS) spot beam and wide beam capacity aboard two SES next-generation HTS satellites, SES-14 and SES-15, which are set for launch in 2017.

The deal will enable Gogo to address the growing demand for high-speed inflight connectivity on travel routes over North America, including Alaska, Hawaii, Mexico and Canada, as well as Central America and the Caribbean. Gogo will also have access to HTS capacity on an additional satellite, SES-12, which is set to be launched in 2017 with high-powered spot beam and wide beam coverage over Asia, the Middle East, North Africa and Russia.

Friday, April 29, 2016

ZTE Posts Q1 Revenue of US$3.41 Billion, up 4% YoY

ZTE posted Q1 2016 revenue of RMB21.859 billion (US$3.41 billion), representing a 4.09% increase year on year. Net profit amounted to RMB950 million, representing a 15.97% increase from the same period last year.

ZTE noted that it invested 13.96% of revenue in R&D in Q1.

http://www.zte.com.cn

Verizon Strike Continues, Parties at Odds

The strike by 39,000 Verizon employees continues. Employees represented by the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) walked off the job on April 13.

On April 28, Verizon presented union official with an updated proposal for about 36,000 wireline employees in the company’s Northeast and Mid-Atlantic regions. The new proposal offered to increase wages by 7.5 percent over the term of the contract, among other terms.

A day later, Verizon said it is deploying thousands of additional employees and contractors to serve its customers during the strike. The replacement workers include contractors who are currently enrolled or have recently graduated from the company’s technical training classes in Virginia.

In response, the CWA noted that Verizon intends to cut off benefits for 108,000 striking workers and family members effective May 1st, despite the fact that Verizon made $18 billion in profits over the last 18 months and paid its top executives $249 million over the last 5 years. The union also posted materials labeling top Verizon execs as "The Greedy Bunch."

FBI Expands Data Center in Idaho

The Federal Bureau of Investigation (FBI) is planning a huge data center expansion in Pocatello, Idaho. The 100,000 square foot facility is expected to bring hundreds of jobs to the area.

For the past several years, the FBI has been working to consolidate its IT operations into fewer data centers.

http://www.fbi.gov

Thursday, April 28, 2016

AT&T Integrated Cloud Speaks OpenStack

AT&T took home the "OpenStack Superuser" award from this week's OpenStack Summit in Austin.  The award recognizes companies making their organizations competitive in the current software-defined economy through their contributions to OpenStack.

The AT&T Integrated Cloud is already the biggest OpenStack deployment in the world, according to the company, as it deployed a total of 74 AIC zones (data centers or network centers) in 2015.  The company intends to reach 105 AIC zones in 2016 and to be in hundreds of zones by 2020. This reflects the company's commitment to virtualize 75% of its network by 2020. OpenStack is at the core of the AIC solution and it is already leveraging ten OpenStack projects.  Three more will be added before the end of the year.

One of the innovations the company is working on is the OpenStack Resource Manager, or ORM. This lets AT&T manage AIC as one global cloud platform despite its highly distributed nature, said Sorabh Saxena, SVP, Software Deployment & Engineering, AT&T. The enables AT&T to quickly push out updates to all the AIC zones.

http://about.att.com/innovationblog/openstack_superuser


An archived video of AT&T's keynote at the OpenStack Summit is posted here:
https://youtu.be/tH5umlKmQUQ


FCC Seeks New Rules for Business Data Services

The FCC has found the special access tariffs filed by four incumbent local exchange carriers (AT&T, Verizon, CenturyLink and Frontier) to be unjust and unreasonable, with the effect of decreasing facilities-based competition and inhibiting the transition to new technologies. The FCC is requiring these companies to withdraw the illegal terms of these tariffs and file new tariffs within 60 days of release of the order.

The FCC is also seeking public comment on reforming and modernizing its rules for business data services based on four principles:

  • Competition is best, but where competition does not exist, market conditions must not be allowed to stifle the ability of business customers to innovate and compete
  • Technological neutrality should be at the core of any new regulatory framework 
  • Policies should remove barriers to the transition to new technologies

The FCC said it is seeking to replace outdated rules with a new technology-neutral framework that classifies markets as either non-competitive or as competitive.   Some key points of this Further Notice:

  • Begins by surveying current marketplace conditions, including the location of current infrastructure and the data suggesting in which places and products and for which customers competition is more likely present and for which it is more likely to be not present.  Based on this analysis, the Commission proposes to identify competitive markets as those in which material competitive effects are present;
  • Identifies and seeks comment on a set of de-regulatory measures in competitive markets, maintaining minimal oversight to ensure that the provision of telecommunications services is just and reasonable;
  • Seeks comment on requiring that companies be free from non-disclosure agreements that would prevent them from providing information to the Commission;
  • Identifies and seeks comment on a tailored set of rules to safeguard customers in non-competitive markets, including the use of price regulation and the prohibition of certain tying arrangements that harm competition;
  • Seeks comment on the appropriate treatment under this framework of the three types of contractual terms identified in the Tariff Investigation Order, as well as other contractual terms and conditions that have been subject to public comment;
  • Seeks comment on a proposal that tariffs should not be used in the future as part of the regulation of broadband data service in either competitive or non-competitive markets;
  • Seeks comment on a proposed future periodic data collection of a kind that will allow the Commission to update periodically its identification of competitive and non-competitive markets; and
  • In order that the new regulatory framework be applied in a technology-neutral manner, seeks comment on a proposal to eliminate the current exemption for certain Verizon services from the basic provisions of the Act governing just and reasonable offerings of telecommunications services. 


http://www.fcc.gov

Amazon Web Services Q1 Revenue Hits $2.57 billion, up 64% YoY

In its Q1 financial statement, Amazon noted that its Amazon Web Services unit generated revenue of $2.57 billion, up 64% year-over-year. AWS is also the most profitable business at Amazon, with operating income for the quarter coming in at $604 million.

Overall, Amazon's net sales increased 28% to $29.1 billion in the first quarter, compared with $22.7 billion in first quarter 2015. Excluding the $210 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 29% compared to first quarter 2015. Net income was $513 million in the first quarter, or $1.07 per diluted share, compared with net loss of $57 million, or $0.12 per diluted share, in first quarter 2015.

http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-newsArticle&ID=2162972

Cypress to Acquire Broadcom's Wireless IoT Unit for $550M

Cypress Semiconductor agreed to acquire Broadcom's Wireless Internet of Things (IoT) business and related assets for $550 million in cash. The deal includes Broadcom's Wi-Fi, Bluetooth and Zigbee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem.

Broadcom's IoT business unit, which employs approximately 430 people worldwide, generated $189 million in revenue during the last twelve months. The acquisition strengthens Cypress's position in key embedded systems markets, such as automotive and industrial, and establishes it as a leader in the high-growth consumer IoT market, a segment that includes wearable electronics and home automation solutions.

Broadcom said it plans to focus on its wireless connectivity solutions for the access and mobility segments that are not IoT related, including serving set-top box, wireless access, smartphone, laptop and notebook customers. Cypress will capitalize on the rapidly growing Wi-Fi and Bluetooth connectivity (17% per year1) markets in consumer, industrial and automotive IoT segments.

"Cypress is a significant player in the IoT today because of our ultra-low-power PSoC programmable system-on-chip technology, but we've only been able to pair it with generic radios so far. Now we have the highly regarded Broadcom IoT business—state-of-the-art Wi-Fi, Bluetooth and Zigbee RF technologies—that will transform us into a force in IoT and provide us with new market opportunities as well," Cypress President and CEO T.J. Rodgers said. "What we bring to the party is over 30,000 customers worldwide who need advanced, ultra-low-power wireless communication but only can absorb it in the form of an easy-to-use programmable embedded system solution."

http://investors.cypress.com/
http://www.broadcom.com

Juniper Posts Q1 Revenue of $1.01 Billion, up 3% YoY

Juniper Networks reported net revenues for the first quarter of 2016 of $1,097.9 million, an increase of 3% year-over-year and a decrease of 17% sequentially. GAAP operating margin for the first quarter of 2016 was 13.5%, an increase from 12.3% in the first quarter of 2015, and a decrease from 21.2% in the fourth quarter of 2015. GAAP net income was $91.4 million, or $0.23 per diluted share for the first quarter of 2016, an increase of 14% year-over-year and a decrease of 54% sequentially.

"We are taking a conservative and prudent approach to managing our business, while at the same time targeting areas that represent growth opportunities for the Company," said Ken Miller, chief financial officer at Juniper Networks. "We remain fully committed to shareholder value creation via a focus on introducing innovative products and services, operational excellence, and consistent capital returns."

http://www.juniper.net

Infinera Posts Q1 Revenue of $245 Million

Infinera reported GAAP revenue for the first quarter of 2016 of $244.8 million compared to $260.0 million in the fourth quarter of 2015 and $186.9 million in the first quarter of 2015. GAAP gross margin for the quarter was 47.5% compared to 44.5% in the fourth quarter of 2015 and 47.2% in the first quarter of 2015. GAAP operating margin for the quarter was 6.1% compared to 5.3% in the fourth quarter of 2015 and 8.1% in the first quarter of 2015.

GAAP net income for the quarter was $12.0 million, or $0.08 per diluted share, compared to $12.6 million, or $0.08 per diluted share, in the fourth quarter of 2015, and $12.4 million, or $0.09 per diluted share, in the first quarter of 2015.

"We continued to execute well in the first quarter, winning deals across our product portfolio and delivering strong financial results," said Tom Fallon, Infinera's Chief Executive Officer.

http://www.infinera.com

A10 Posts Q1 Sales of $53.8 million, up 22% YoY

A10 Networks reported Q1 revenue of $53.8 million, up 22 percent year-over-year. There was a GAAP net loss for the first quarter 2016 of $9.5 million, or $0.15 per share, compared with a net loss of $13.7 million, or $0.22 per share, in the first quarter of 2015.

“The first quarter was a strong start to the year as we continued to build on our solid momentum,” said Lee Chen, president and chief executive officer of A10 Networks. “Our high-end security product portfolio and cloud-based solutions continue to gain traction with customers and partners and this is contributing to our success in growing the business. Additionally, with our continued topline growth and disciplined approach to managing costs, we improved our bottom line by 55% year-over-year and generated strong cash flow from operations. We are pleased with our execution and strong first quarter results and are encouraged by our progress as we enter the second quarter.”

Some highlights:

  • Record enterprise revenue of $32.2 million, increased 29 percent year-over-year
  • Strong product revenue of $36.4 million, up 19 percent year-over-year
  • Record total deferred revenue of $74.8 million, increased 25% year-over-year
  • Cash and marketable securities increased to $107.5 million, up from $85.6 million at March 31, 2015


https://www.a10networks.com/

NeoPhotonics Posts 22% YoY Growth, Strength in 100G

NeoPhotonics reported Q1 revenue of $99.1 million, up $17.8 million, or 21.8%, from the first quarter of 2015, and up $10.0 million, or 11.2%, from the prior quarter. GAAP Gross margin was 31.4%, up from 29.6% in the first quarter of 2015, and up from 28.2% in the prior quarter. GAAP net income was $2.3 million, up from $0.1 million in the first quarter of 2015, and up from $0.4 million in the prior quarter.

“In our first quarter NeoPhotonics delivered excellent results, as we achieved record revenue, record revenue growth and record EBITDA. Our revenue for 100G products was up 24% sequentially, accounting for 65% of our first quarter revenue,” said Tim Jenks, CEO of NeoPhotonics. “Maintaining our leadership in 100G and beyond solutions we introduced a number of exciting new products and technologies during the quarter. We see the overall environment for 100G products globally as very robust and given the acceleration in our organic demand, we are bringing additional capacity on line over the next quarters. As a result, we anticipate revenue growth to be in the range of 20-25% for the year,” concluded Mr. Jenks.

http://www.neophotonics.com

Xtera HD - an Animation

Innovium Raises $15M, Settles Broadcom Litigation

Innovium, a pre-launch start-up targeting infrastructure solutions, announced the settlement of all litigation with Broadcom.  Financial terms were not disclosed.

Innovium also announced $15 million in Series A funding from Capricorn, Walden Riverwood and other venture capital investors.

The company, which is based in San Jose, California, was founded by Rajiv Khemani (previously Cavium), Puneet Agarwal (previously Broadcom), and Mohammad Issa (previously Broadcom).

Levyx Raises $5.4 Million for Big Data Store

Levyx, a start-up based in Irvine, California, announced $5.4 million in Series-A funding for its high-performance processing technology for reducing infrastructure costs associated with big-data applications.

The funding was led by Chicago-based OCA Ventures. Additional investors include Amino Capital (a.k.a. zPark Capital) and Sumavision USA Corporation, as well as individual investors.

Levyx said its "Helium" data engine is built for the modern "open-platform" commodity-hardware datacenter.  "Helium is an ultra-low latency datastore that can process tens of millions of queries per second on a single computing node. By leveraging Helium and its core expertise system software and SSD/NVM technology, Levyx enables its customers to achieve in-memory computing performance at a fraction of the normal cost by using Flash-SSDs (versus much more expensive DRAM) and running on commodity hardware. Levyx’s patent-pending Input/Output software and indexing algorithms take advantage of multicore architectures and flash memory and is also designed to optimize emerging NVM technologies."

“We have seen a huge amount of innovation in the software and storage hardware associated with big-data applications, but there are big inefficiencies because the two sides have been walled off from one another,” CEO and Founder Reza Sadri said. “By fixing this disconnect with a fundamentally new software stack, we pave the way for real-time processing of big-data workloads for the masses. The support and guidance of investors like OCA Ventures, Amino Capital and Sumavision will help us in our quest to make big-data applications dramatically more affordable for everyone.”

http://www.levyx.com

Intel Promotes Diane Bryant to Executive VP

Intel announced the promotion of Diane Bryant to executive vice president. Bryant has been leading Intel’s Data Center Group (DCG) as general manager and senior vice president since 2012. Previously, she was an Intel vice president and chief information officer of Intel.

“The data center has become a primary growth engine for Intel, and under Diane’s leadership, it reported record revenue of $16 billion in 2015,” said Intel CEO Brian Krzanich. “This elevated role reflects the significance of the cloud to Intel’s strategy as we transform the business, and Diane’s proven ability to extend our value proposition to accelerate public, private and hybrid cloud adoption.”

http://www.intel.com

LeEco Opens Autonomous Driving R&D Center in San Jose

LeEco, a leading Chinese Internet company, inaugurated its new, 80,000 square foot North American headquarters in San Jose, California. The headquarters will also be the future home of LeEco’s autonomous driving research center, the LeFuture AI Institute.

In recent weeks, LeEco announced second-generation smartphones, an all-new 4th-generation SuperTV, the LeEco VR headset and its autonomous LeSEE electric vehicle concept car.

http://www.leeco.com/