Subscribe To Our Daily Enewsletter:

Business

Layoffs Hit Some Big IT Services Firms: What’s the Cause?

Amid IT service provider (ITSP) layoffs & the shift toward cloud automation, some pundits including Robert X. Cringely predict the end of IT contractors. ChannelE2E disagrees.

Small Business Loans: Congress Approves SBA PPP Loan Forgiveness Changes

Small Business Administration PPP (Paycheck Protection Program) Round Two: Congress approves bill to ease SBA PPP loan forgiveness rules.

Stratasys Layoffs 2020: 3D Printer Maker Cuts 10% of Staff

Stratasys layoffs will impact roughly 10% of employees, the 3D printer company says. The cuts will allow Stratasys to “focus on profitable growth.”

Thoma Bravo Acquires Secure Collaboration Platform Provider Exostar

Private equity firm Thoma Bravo acquires Exostar, a secure collaboration communications platform provider for such highly regulated industries as aerospace and defense, life sciences and healthcare.

Summit Partners Invests In Appway for Financial Services Automation

Private equity firm Summit Partners invests $37 million in Appway, a provider of business process automation software in the financial services vertical market.

HCL Acquires Symantec Enterprise Consulting Team From Broadcom

HCL acquires the majority of Symantec’s enterprise consulting team from Broadcom, which retains cybersecurity software portfolio but sheds consulting assets.

Lenovo Layoffs 2020: Some Data Center Business Group Staff Cuts

Lenovo layoffs impact some data center business group employees. Lenovo is a Top 5 server vendor but data center group revenues dipped 8.7% in latest quarter.

Cisco Acquiring ThousandEyes for Digital Experience Monitoring

Cisco Systems acquiring ThousandEyes for digital experience, multi-cloud, Internet and SaaS application performance monitoring.

TIM Group Acquires Google Cloud Partner Noovle

Telecom Italia (TIM) acquires ICT consultancy & Google Cloud Platform (GCP) partner Noovle — which ranks among the Top 200 Public Cloud MSPs, ChannelE2E reports.

MSP April 2020 Revenues: Financial Results Analyzed

How did MSP (managed IT services provider) revenues perform in April 2020 amid the coronavirus pandemic & associated economic fallout? MSPCFO data analysis reveals answers.