March 10, 2017

Industry Roundup: Week 1, March

Veritas partners with Google; Zadara Storage and Trio announce new Storage-as-a-Service (STaaS) Offering; ChinaCache sells data center assets; SolidSpace achieves SOC type 2 compliance

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Veritas announces partnership with Google
The companies will work together to develop solutions to help organizations extract value from their data

At Google Cloud Next 17, Veritas Technologies, the information management company announced an expanded partnership with Google.

Through the partnership, Veritas says it will provide joint customers with data management capabilities that reduce data storage costs, increase compliance and accelerate the customer’s journey to Google Cloud Platform.

In addition to joint sales and support activities, the companies also announced that they are working together to develop and deploy solutions that help organizations extract new business value from their data.

Nan Boden, Head of Global Technology Partners, Google Cloud said:

This extended relationship enables customers to migrate data to Google Cloud Platform while leveraging data management and information governance capabilities from Veritas.


Zadara Storage and Trio announce new Storage-as-a-Service (STaaS) Offering
The customers will have the option to replicate their data on Zadara Storage locations worldwide

Zadara Storage, the provider of Storage-as-a-Service (STaaS), and Trio today announced that Zadara’s VPSA Storage Array platform is now being offered by Trio as part of their new portfolio.

The companies announced that the new offering is intended for Israel-based companies who are interested in migrating their existing CapEx storage to an OpEx-based cloud environment and international companies who are interested in hosting or replicating their data in Israel.

Trio says that the new service will provide local Israeli businesses a full-service offering, including Storage-as-a-Service (STaaS), Disaster Recovery-as-a-Service (DRaaS), Backup-as-a-Service (BaaS), as well as server and virtualization services and customers will have the option to replicate their data on remote Zadara Storage locations worldwide.


ChinaCache sells data center assets
ChinaCache says that the deal will enable Xin Run to achieve growth and benefit their shareholders

ChinaCache, the Internet content and application delivery services provider announced that it has entered into definitive agreements to sell 79% equity interest of ChinaCache Xin Run Technology (Beijing) to Tianjin Shuishan Technology, Shanghai Qiaoyong Equity Investment Fund and Tianjin Dingsheng Zhida Technology, for a total consideration of RMB 221.2 million in cash before fees and expenses.

According to the agreements, Tianjin Shuishan, Shanghai Qiaoyong and Tianjin Dingsheng have agreed to purchase 47.67%, 26.33% and 5% of Xin Run for a consideration of RMB 133.5 million, RMB 73.7 million and RMB 14.0 million, respectively.

On completion of the transaction, ChinaCache says it will, through a subsidiary, own 20% equity interest of Xin Run and will cease to consolidate the financial results of Xin Run and its subsidiaries.


SolidSpace achieves SOC type 2 compliance
The Moore Group, CPA and SOC audit specialists, validated the compliance through independent analysis

Hosting and co-location services provider SolidSpace announced that the company’s data center has achieved Service Organization Control (SOC) 2 compliance.

Service Organization Controls are a series of accounting standards that measure the control of financial information for a service organization. They are covered under both the SSAE 16 and the ISAE 3402 professional standards.

The compliance means that the SolidSpace data center is proficient in satisfying five controls such as security, availability, processing integrity, confidentiality and privacy.

James Capps III, CEO, SolidSpace said:

SOC 2 is a big milestone for which our company is very proud.

Compliance means customers can trust us to deliver secure, safe and productive IT environments that enable their businesses to maximize up-time.

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