Finance

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

Rackspace Layoffs, Offshore Strategy Buried in ‘Growth’ Announcement

Multi-cloud MSP layoffs involve 10% staff cuts. Rackspace PR emphasizes “best-shore” growth strategy. SEC filing concedes “offshore” effort.

Technology Business Valuations: Stock Market Bubble Warning Resurfaces

Kinsman Oak Capital Partners letter to investor warns of “very, very expensive” disruptive technology sector. Scott McNealy quote from dot-com bubble era provides context.

N-able Financial Results Show MSP Software Market Momentum

N-able’s estimated revenue for Q2 2021 shows MSP software market momentum. Plus, new financing arrives amid N-able spin-off from SolarWinds.

Xceptional Raises Funds; Seeks MSP Investments

San Diego-based managed IT services provider (MSP) apparently seeks to acquire and/or invest in MSPs across California, Nevada, Idaho, Utah, Colorado, & Arizona.

SBA PPP Small Business Loan Forgiveness Deadline Updates

Small Business Administration PPP (Paycheck Protection Program) loan information: SBA PPP loan application & forgiveness deadline, terms, calculator & more.

Kyndryl: 10 Things to Know About IBM MSP Spin-Out

Kyndryl spin-out from IBM will span six managed IT services. Kyndryl’s MSP capabilities will include cloud, applications, data, AI, security & more.

SolarWinds Confirms N-able Spin-Out Date

N-able spin-off scheduled for July 2021, parent SolarWinds ($SWI) & MSP software provider N-able ($NABL) confirm.

PPP Loan Alternatives for Small Businesses

List of SBA PPP loan alternatives. The Small Business Administration (SBA) Paycheck Protection Program (PPP) application deadline has past.

Datto CEO Touts Datto Commerce, Cloud, Security Opportunities

Datto CEO Tim Weller provides Datto Commerce, cloud & security updates. CFO John Abbot reveals MSP spending trends that influence Datto’s annual recurring revenue.

Dell Sells Boomi to Francisco Partners, TPG

Dell sells Boomi iPaaS cloud platform to private equity firms Francisco Partners & TPG Capital. Michael Dell strengthens balance sheet for hybrid cloud push.