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5 Channel Partner & MSP Market News Updates: 26 June 2023

Close up hot cappuccino white coffee cup with heart shape latte art on dark brown old wood table at cafe,food and drink concept (Close up hot cappuccino white coffee cup with heart shape latte art on dark brown old wood table at cafe,food and drink co

Happy Monday! Here are five technology news updates, insights, chatter, and plenty more for June 26, 2023.

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B. Today’s Technology and MSP Partner Program News

  1. IBM Acquires Apptior: IBM is acquiring FinOps software vendor Apptio for $4.6 billion. The deal is the latest part of IBM’s strategy to focu its business around the hybrid cloud. Headwuartered in Washington State and founded in 2007, Apptio provides a suite of FinOps tools that allow tech firms to track and analyse technology spending.
  2. Cloud4C Announces New President of Sales For South East Asia: Cloud4C has appointed Bernard L'Allier as the new President of Sales for Singapore, Malaysia, Thailand, Indonesia, Australia, and Vietnam. L’Allier is a veteran in building cloud and technology businesses across APAC, previously serving at Rackspace, where he led the company's South East Asia and India growth.
  3. Sysgroup CEO Departs: Sysgroup CEO Adam Binks has stepped down. The executive announbed his departure last month, following a painful fiscal year 2022. 2023 has proven more fruitful for the company, with its top line jumping 47% to £21.6 million (approximately US$27.4 million) and adjusted EBITDA up from £2.82 million to £3.33 million (approximately US$4.3 million). Heejae Chae joins the Board as Executive Chairman and will take day-to-day responsibility for the running of the Company, the company said
  4. 4L Data Intelligence Appoints New CCO: 4L Data Intelligence, which provides AI-powered solutions for the healthcare industry, has announced the appointment of David Corso as its new Chief Commercial Officer. With over 30 years of executive experience in sales operations at renowned organizations such as UnitedHealthcare, Anthem, and the BlueCross BlueShield Association, Corso brings a wealth of expertise to the company's core leadership team, the company said in a prepared statement. Prior to joining 4L Data, Corso spearheaded Corporate Marketing and Commercial Business Development at CDS, a subsidiary of BlueCross BlueShield of South Carolina.
  5. Global Security as a Service Market On The Rise: The global Security as a Service (SECaaS) market is projected to grow from USD 12.4 billion in 2021 to USD 23.8 billion by 2026, with a CAGR of 13.8% during the forecast period, according to a report by MarketsandMarkets. The market's growth will be driven by the increasing demand for cloud-based security solutions among small and medium-sized enterprises (SMEs), the need to comply with regulatory and data protection laws, and the high costs and risks associated with managing on-premises security solutions, the authors said. North America is expected to hold the largest market share, while the retail industry vertical is anticipated to witness the highest growth in the market.

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