News Summary Podcast for December 04, 2024

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These press releases highlight recent advancements in data backup and storage, data protection, cloud security and data management.

Click on the company links to read their press releases.

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1/ Veeam Software, a global leader in data resilience, has secured a $2 billion secondary equity offering, raising its valuation to $15 billion. This move signifies Veeam’s dominance in the data resilience market and fuels its future growth and innovation strategy.

2/ Scality, known for its cyber-resilient storage software, has partnered with Climb Channel Solutions to broaden its reach across North America. The collaboration focuses on delivering scalable and secure storage solutions for AI and cyber resilience.

3/ Pure Storage and Kioxia have announced a collaboration to develop cutting-edge storage technology for hyperscale data centres. Their aim is to create a high-performance, scalable, and efficient platform that outperforms traditional HDD-based solutions.

4/ Box, Inc., a leading Intelligent Content Management platform, announced strong financial results for its third quarter of fiscal year 2025. The company showcased its robust financial performance, including revenue growth and record operating margins.

5/ Pure Storage has secured a design win from a top-four hyperscaler for its DirectFlash technology. The company also reported strong third-quarter financial results, highlighting revenue growth and operating income.

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Tags: Box, Climb, Climb Channel, Climb Channel Solutions, Kioxia, Podcast, Pure Storage, Scality, Veeam