Channel Brief: Offshoring IT, StrategicIT Solutions

Grab a cup of your favorite morning beverage and check out our daily market briefing for managed services providers (MSPs), IT service providers (ITSPs), technology service providers (TSPs), cloud service providers (CSPs) cybersecurity consultants, systems integrators, VARs, independent software vendors (ISVs), and distributors.

Check out regular updates our industry Mergers and Acquisitions list. We have a fresh list posted for 2024, and our data archive goes all the way back to 2020. Check out the whole thing here.

Scroll down for a quick view of upcoming in-person channel and MSP events at the bottom of this post (while we spiff up our industry calendar behind the scenes. It will return!)

And please send your news tips, information, and industry chatter to editorial director [email protected].

A. Today’s Tech, Channel and MSP News

1. More SMBs setting up in-house, offshore IT centers - Smaller companies – those with less than 250 full time employees – are setting up offshore IT centers in greater numbers over the past year, according to Everest Group, which monitors the trend and counted 452 startups in 2023. The desire to build internal IT capabilities in a tight talent market is at the heart of the trend, CIO reported recently. 

2. CMMC authorization granted - StrategicIT Solutions has been authorized by the Cybersecurity Maturity Model Certification (CMMC) Accreditation Body (The CyberAB) as a CMMC Third-Party Assessment Organization (C3PAO). 

3. Cybersecurity IPO considered - Cybersecurity software company Rubrik is aiming to raise as much as $713 million in an IPO, Reuters is reporting. The company, which has prominent backing from Microsoft, plans to sell 23 million shares priced between $28 and $31 per share, according to Reuters sources. That puts Rubrik’s valuation at $5.4 billion at the top end of the range. Rubrik's IPO plans come as that U.S.  market for IPOs is showing signs of thawing after a difficult 2023 and 2022. Reddit and Astera Labs recently saw successful IPOs. 

4. Acquisition talks - Salesforce is in advanced talks to acquire data management software company Informatica, according to a Reuters report.

5. Cloud AI and cyber protection - OpenText has rolled out Cloud Editions (CE) 24.2, which include three areas of innovation around  Business Clouds, Business AI (which includes data governance, compliance, and authentication powered by generative AI), and Business Technology (which includes bringing customers’ enterprise-strength data platforms deployed anywhere – private cloud, public cloud, or through APIs.)

B. In-Person MSP and Channel Partner Events