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Finance

Financial information and management tips for VARs, managed services providers (MSPs), cloud services providers (CSPs), IT service providers and channel-friendly technology companies.

CloudHealth, ParkMyCloud Partner on Cloud Cost Management Tools

CloudHealth Technologies (which VMware is acquiring) and ParkMyCloud integrate their governance and automated cost control features to help customers and partners avoid runaway cloud services costs and unneeded workloads.

John Chambers Backs Rubrik Cloud Data Protection

Former Cisco Systems CEO John Chambers invests in Rubrik. Cloud data protection company’s bookings run rate nears $300 million. But rival StorageCraft positions OneXafe as Rubrik alternative.

Goldman Sachs Investment Arm Acquires Restaurant MSP

A Goldman Sachs private equity investment arm has acquired Restaurant Technologies Inc., a major MSP that provides kitchen automation and monitoring systems across 25,000 customer locations.

Will New U.S. Law Ease Employee Stock Ownership Plans (ESOPs)?

The United States passes law that may ease small and midsize business ownership transition to employees. Will the Main Street Employee Ownership Act truly boost ESOP (Employee Stock Ownership Plan) initiatives?

Veeam: Data Protection Customer Bookings Remain Strong

Veeam strategic relationships with NetApp, HP Enterprise and Cisco Systems continue to lift data protection, backup & disaster recovery (BDR) software bookings.

Thrive Acquires Financial Services MSP InfoHedge

Thrive, a Top 100 Vertical Market MSP, acquires InfoHedge Technologies, an MSP and private cloud provider focused on financial services and hedge fund organizations.

Aspera Releases Office 365 Cloud Subscription Management Platform

Aspera releases LicenseControl for Office 365, a cloud-based Software Asset Management solution that optimizes Microsoft Office 365 subscriptions and eliminates wasteful SaaS spending.

Healthcare IT Provider Closes After Company Sale Falls Through

CareSync, a healthcare technology provider, goes out of business after a last-gasp effort to sell the company falls through. It’s a timely reminder that even in boom times, technology companies can go bust.

Can Revenue Really Be Predictable?

Building predictable revenue streams is nothing new to sales. A more interesting question is, “What drives unpredictability in revenue, and what can we do about that?”

Are Your Employees Stealing From Your Business?

Asset misappropriation accounts for almost 80 percent of employee fraud schemes. These schemes include billing manipulation, customer charge-offs and more. Here’s how to discover and eliminate such fraud.