Press release content from Business Wire. The AP news staff was not involved in its creation.
TPG-Led Investor Group Announces Combination of Thycotic and Centrify to Create a Leading Cloud Identity Security Vendor
March 2, 2021 GMT
SAN FRANCISCO & WASHINGTON & SANTA CLARA, Calif. (BUSINESS WIRE) Mar 2, 2021
TPG Capital, the private equity platform of alternative asset firm TPG, announced today that it has signed a definitive agreement to combine Thycotic, a next-generation, cloud-first company with innovative identity security solutions, and Centrify, a trusted PAM market leader. The combination creates a dynamic identity security provider offering scalable, world-class products in an environment where cyber-attacks are increasing in frequency and sophistication. The acquisition of Thycotic from Insight Partners and subsequent merger follows TPG’s previously announced acquisition of Centrify, which has now closed.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Conway Corporation Deploys Enghouse Networks IPTV Platform To Strengthen Service Offering In All Market Segments
March 2, 2021 GMT
MARKHAM, ON, March 2, 2021 /PRNewswire/ - Enghouse Networks is pleased to announce Conway Corporation has leveraged the Enghouse EspialTV SaaS platform to strengthen their delivery of TV services to their customers.
The Enghouse IPTV SaaS platform transforms TV services for operators, enabling seamless delivery across set-top boxes, media players and mobile devices. This ensures operators can include TV services that are compelling for consumers, highly cost efficient for the operator and continuously updated to maintain relevance.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Integration Platform as a Service (IPaaS) Market Trajectory & Analytics Report 2020 - ResearchAndMarkets.com
February 18, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 18, 2021
Global Integration Platform as a Service (IPaaS) Market to Reach $1.7 Billion by 2027
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Amid the COVID-19 crisis, the global market for Integration Platform as a Service (IPaaS) estimated at US$786.8 Million in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2027, growing at a CAGR of 11.2% over the analysis period 2020-2027.
Cloud, one of the segments analyzed in the report, is projected to record a 12.6% CAGR and reach US$641.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hybrid segment is readjusted to a revised 10.6% CAGR for the next 7-year period.
Shares of Fastly dropped 15.5% yesterday after the cloud computing services provider offered 1Q 2021 guidance that missed the Street’s estimates. However, the company delivered better-than-expected results for the fourth quarter. Fastly (FSLY) reported an adjusted loss of $0.09 per share, compared to a loss of $0.10 per share in the year-ago period. Analysts were anticipating a loss of $0.11 per share. The company’s adjusted gross margin expanded 610 basis points to 63.7%, driven by continued scale and the acquisition of Signal Sciences. Its 4Q revenues of about $82.6 million spiked 40% year-over-year and came in marginally ahead of the consensus estimates of $82 million. The company’s CEO, Joshua Bixby, said, “This growth was driven by continued demand for our edge platform by both new and existing customers.” As for 1Q, the company expects to generate revenues in the range of $83-$86 million, with the midpoint of $84.5 million coming in slightly bel