DALLAS -- CyrusOne Inc. (NASDAQ:CONE) (“CyrusOne”) has priced a public offering of 6,800,000 shares of its common stock, of which 3,400,000 shares were offered directly by CyrusOne, and 3,400,000 shares were offered, at the request of CyrusOne, by the Forward Purchaser (as defined below) or its affiliate in connection with the forward sale agreement described below, at a price to the public of $50.50 per share. The underwriters have been granted an option to purchase up to 1,020,000 additional shares of common stock from the Forward Purchaser or its affiliate.
Goldman, Sachs & Co., Morgan Stanley, Barclays, Deutsche Bank Securities, J.P. Morgan and TD Securities acted as joint-bookrunners for the offering. BofA Merrill Lynch, Citigroup, Jefferies, KeyBanc Capital Markets, RBC Capital Markets, Stifel and SunTrust Robinson Humphrey acted as lead managers for the offering. Cowen and Company and Synovus Securities, Inc. acted as co-managers for the offering.
In connection with the offering of CyrusOne’s common stock, CyrusOne entered into a forward sale agreement with Goldman, Sachs & Co. (who is referred to in such capacity as the “Forward Purchaser”), with respect to 3,400,000 shares of its common stock covered by the offering. The Forward Purchaser or its affiliate is expected to borrow from third parties and sell to the public through the underwriters 3,400,000 shares of CyrusOne’s common stock. In addition, if the underwriters’ option to purchase additional shares is exercised, such additional shares of common stock are expected to be sold by the Forward Purchaser or its affiliate to the underwriters, in which case CyrusOne will enter into one or more additional forward sale agreements with the Forward Purchaser in respect of the number of additional shares of common stock that are subject to the option being exercised.
Pursuant to the terms of the forward sale agreements, and subject to CyrusOne’s right to elect cash or net share settlement under the forward sale agreements, CyrusOne intends to issue and sell, upon physical settlement of such forward sale agreements, 3,400,000 shares of its common stock to the Forward Purchaser (or 4,420,000 shares, if the underwriters’ option to purchase additional shares is exercised in full) in exchange for cash proceeds per share equal to the applicable forward sale price, which will initially be the public offering price, less underwriting discounts and commissions, and will be subject to certain adjustments as provided in the applicable forward sale agreement. CyrusOne expects to physically settle the forward sale agreement (and additional forward sale agreements, if any) in full, which settlement or settlements will occur by August 1, 2017.
CyrusOne will receive proceeds from the sale of 3,400,000 shares of its common stock offered by it in the offering, but will not initially receive any proceeds from the sale of 3,400,000 shares of its common stock (or 4,420,000 shares, if the underwriters’ option to purchase additional shares is exercised in full) offered by the Forward Purchaser or its affiliate to the underwriters, except in certain circumstances described in the prospectus supplement relating to the offering. CyrusOne intends to contribute, directly and indirectly, the net proceeds from the offering to its operating partnership, CyrusOne LP (the “Operating Partnership”), in exchange for an equivalent number of newly issued common units of limited partnership interests in the Operating Partnership. The Operating Partnership is expected to use such proceeds to fund growth capital expenditures related to recently signed leases, to repay borrowings under its senior unsecured revolving credit facility, and for general corporate purposes, which may include funding future acquisitions, investments or capital expenditures.
The shares are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (“SEC”). The offering will be made only by means of a prospectus supplement and accompanying prospectus. The preliminary prospectus supplement and accompanying prospectus related to the offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov. A copy of the preliminary prospectus supplement and final prospectus supplement, when available, along with the accompanying prospectus related to the offering may be obtained by contacting Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Prospectus Department, by calling (866) 471-2526 or by emailing email@example.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155, Long Island Avenue, Edgewood, New York 11717, by calling (888) 603-5847 or by emailing Barclaysprospectus@broadridge.com; Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005-2836, by calling (800) 503-4611, or by emailing firstname.lastname@example.org; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attention: Prospectus Department, or by calling (866) 803-9204; or TD Securities (USA) LLC, 31 W 52nd Street, New York, New York 10019, by calling (212) 827-7392.
This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
CyrusOne (NASDAQ:CONE) specializes in highly reliable enterprise-class, carrier-neutral data center properties. CyrusOne provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for more than 950 customers, including nine of the Fortune 20 and 177 of the Fortune 1000 companies.
CyrusOne’s data center offerings provide the flexibility, reliability, and security that enterprise customers require and are delivered through a tailored, customer service-focused platform designed to foster long-term relationships. CyrusOne is committed to full transparency in communication, management, and service delivery throughout its 35 data centers worldwide.
This release contains forward-looking statements regarding future events and CyrusOne’s future results that are subject to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which CyrusOne operates and the beliefs and assumptions of its management. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,” variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of CyrusOne’s future financial performance, its anticipated growth and trends in its businesses, and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause CyrusOne’s actual results to differ materially and adversely from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this release and those discussed in other documents CyrusOne files with the SEC. More information on potential risks and uncertainties is available in CyrusOne’s recent filings with the SEC, including CyrusOne’s Form 10-K report, Form 10-Q reports, and Form 8-K reports and its registration statement (No. 333-211114 on Form S-3). Actual results may differ materially and adversely from those expressed in any forward-looking statements. CyrusOne undertakes no obligation to revise or update any forward-looking statements for any reason.
RiskIQ PassiveTotal App For IBM QRadar part of collaborative development to stay ahead of evolving threats
SAN FRANCISCO – RiskIQ, a leader in external threat management, today launched RiskIQ PassiveTotal App For IBM QRadar, which integrates with IBM security intelligence technology to achieve fully integrated external threat context to security incidents. Joint customers can accelerate incident remediation seamlessly by accessing internet datasets as they investigate offenses in IBM QRadar.
RiskIQ scans and collects external internet data at massive scale—datasets the RiskIQ’s PassiveTotal App uses to create a feedback loop in which QRadar is constantly being updated with the latest threat data.
The new application is freely available to the security community through the IBM Security App Exchange, a marketplace where developers across the industry can share applications based on IBM Security technologies. As threats are evolving faster than ever, collaborative development amongst the security community will help organizations adapt quickly and speed innovation in the fight against cybercrime.
RiskIQ PassiveTotal App For IBM QRadar leverages IBM Security QRadar, the company’s security intelligence platform which analyzes data across an organization’s IT infrastructure in real-time to identify potential security threats. Leveraging QRadar’s new open application programming interfaces (API), RiskIQ PassiveTotal App For IBM QRadar allows users to reduce the number of alerts they need to manage, speed up incident response and prevent cyberattacks.
“You cannot prevent attacks on—and from—assets you don’t know about,” said Elias Manousos, CEO of RiskIQ. “RiskIQ’s PassiveTotal increases the visibility your IBM QRadar security intelligence deployment has while you perform your analysis and incident response. By bringing in key external data elements you can reduce the time to resolution, as well as time to detection for the threats coming your way, all from within the IBM QRadar interface.”
RiskIQ PassiveTotal App For IBM QRadar uses RiskIQ reference sets, which are created automatically, make the integration completely bi-directional, enabling the security operations team to create IBM QRadar rules based on external internet data and thus get automatically alerted to offenses. As the alert is triaged and put into an incident response workflow, the external information is available for fast resolution. Data enrichment applied to both threat detection and IR functions benefits the security team as a whole.
RiskIQ is a cybersecurity company that helps organizations discover and protect their external facing known, unknown and third-party web, mobile and social digital assets. The company’s External Threat Management platform combines a worldwide proxy network with synthetic clients that emulate users to monitor, detect and take down malicious and copycat apps, drive by malware and malvertisements. RiskIQ is being used by leading financial institutions and other companies to protect their web assets and users from external security threats and fraud. We are headquartered in San Francisco, backed by growth equity firms Summit Partners and Battery Ventures. For more information, please visit www.riskiq.com.
About IBM Security
IBM’s security platform provides the security intelligence to help organizations holistically protect their people, data, applications and infrastructure. IBM offers solutions for identity and access management, security information and event management, database security, application development, risk management, endpoint management, next-generation intrusion protection and more. IBM operates one of the world’s broadest security research and development, and delivery organizations. For more information, please visit www.ibm.com/security, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog.
- Datadog adds Amazon Web Services (AWS) Lambda to its expanding list of AWS integrations
- Customers can immediately begin seeing metrics from their serverless applications with out-of-the-box Datadog functionality
NEW YORK -- Datadog, an essential monitoring solution for dynamic cloud infrastructure, today announced its integration with AWS Lambda. Datadog serves thousands of customers ranging from hyper-scale startups to enterprise-grade software companies, which positions the company at the forefront of emerging technologies like Docker and serverless architectures.
“Serverless architecture is ushering in a shift in cloud computing; developers no longer have to provision or manage servers to execute their applications and companies only pay when code is executed,” said Daniel Langer, product manager at Datadog. “With Datadog’s AWS Lambda integration, users gain insight into their serverless application’s performance by adding additional logging.”
Application architectures have fundamentally changed over the past decade and have evolved towards building a single application as a set of small stateless services. With these changes emerged new compute primitives. AWS Lambda enables developers to quickly deploy, easily maintain, and elastically scale microservices without the need to manage and manually scale server infrastructure. AWS Lambda reduces the operational complexities of building and running applications, freeing developers to focus on building great applications instead of managing infrastructure. AWS Lambda functions can be triggered via application program interface (API), through in-app actions, or by AWS events, such as a new object being added to an Amazon Simple Storage Service (Amazon S3) bucket.
The difficulty with monitoring serverless functions is exactly that: the servers that run the code are not exposed to the developers. This means traditional monitoring methods that rely on a host-based agent do not apply to AWS Lambda functions. Now with Datadog’s AWS Lambda integration, developers can emit custom metrics specific to their AWS Lambda functions, right from the functions themselves, on top of monitoring the metrics provided via Amazon CloudWatch. Once collected, these metrics can then be used to create visualizations and alerts alongside operational data from the rest of the infrastructure environment for actionable insight.
“AWS Lambda enables developers to run code without needing to provision or manage servers. Customers have already leveraged AWS Lambda to build serverless applications of all types ranging from web applications to mobile backends to stream data processing solutions,” says Terry Wise, Vice President of Worldwide Partner Ecosystem, Amazon Web Services, Inc. “Datadog has been a long-term member of the AWS Partner Network (APN) and we are pleased that they have integrated offerings with AWS Lambda, providing developers with a simple and cost-effective option for visualizing and monitoring their serverless applications logs.”
Datadog offers integrations with the following AWS products:
- AWS CloudTrail
- Amazon DynamoDB
- AWS Elastic Beanstalk
- Amazon Elastic Compute Cloud (Amazon EC2)
- Amazon ElastiCache
- Elastic Load Balancing (ELB)
- Amazon Elastic MapReduce (Amazon EMR)
- Amazon EC2 Container Service (Amazon ECS)
- Amazon Kinesis Firehose
- Amazon Kinesis
- AWS OpsWorks
- Amazon Redshift
- Amazon Relational Database Service (Amazon RDS)
- Amazon Route53
- Amazon Simple Email Service (Amazon SES)
- Amazon Simple Notification Service (Amazon SNS)
- Amazon Simple Queue Service (Amazon SQS)
- AWS Storage Gateway
New eBook from Datadog + AWS: Monitoring in the Cloud
Blog post: Monitoring Lambda functions with Datadog
Datadog is the world’s leading monitoring service for cloud-scale applications, bringing together data from servers, databases, tools and services to present a unified view of your entire stack. These capabilities are provided on a SaaS-based data analytics platform that enables Dev and Ops teams to work collaboratively to avoid downtime, resolve performance problems, and ensure that development and deployment cycles finish on time. Since launching in 2010, Datadog has been adopted by thousands of enterprises, including Twilio, Airbnb, Netflix, EA, Spotify, Warner Bros. Games and AdRoll.
Case Study Released on Sophicity’s Use of Continuum’s Continuity247 BDR Platform for Local City Government Customers
BOSTON – Continuum®, the only channel-exclusive IT management platform company, announced that Alpharetta, Georgia-based IT services provider, Sophicity has expanded its relationship with the company. Sophicity now relies on Continuity247™, Continuum’s fully managed backup and disaster recovery (BDR) platform, to ensure data is securely backed up, protected and accessible to its clients – mainly local governments, cities and counties. In June 2015, Continuum announced Sophicity’s use of its Remote Monitoring and Management (RMM) platform backed by its industry-leading Network Operations Center (NOC) and Help Desk.
“When dealing with local government, you’re talking about public safety a lot of the time—police, fire and other emergency services, so it goes without saying that uptime for these organizations is absolutely critical,” said Nathan Eisner, Chief Operations Officer at Sophicity. “There’s a big difference between backup and business continuity, and our clients depend on us to offer complete and true continuity support. Continuity247 enables us to deliver on that promise. But not only are we able to restore data for our customers, we’re able to have them back up and running in a very short amount of time to continue business operations—whether a single server or an entire site goes down.”
Backed by Continuum’s NOC with more than 650 technicians, Continuity247 proactively monitors and verifies backups, provides recovery and testing support, troubleshoots and ensures backups continuously run 24x7x365 for small and medium sized business clients. Continuity247 offers a powerful feature set that includes block-level backup, flexible retention policies, granular file recovery and more, all of which help Sophicity to ensure its clients can recover quickly and completely in the event of a disaster or any unplanned downtime.
There are hard and soft costs associated with these solutions, but Continuum’s NOC helps to absorb soft costs by providing day-to-day monitoring, troubleshooting and support for clients’ backups. Continuum’s NOC has allowed Sophicity to redirect up to 20 hours a week toward project work and higher value tasks for a senior level engineer.
Continuum’s NOC is also instrumental with Sophicity’s disaster recovery testing. The results of a DR test with one of Sophicity’s largest clients were so successful that they leverage those results in selling the business continuity offering to other customers.
To listen to a recent episode of MSP Radio featuring Nathan Eisner discussing Sophicity’s use of Continuity247, visit: https://blog.continuum.net/sophicitys-unique-bdr-vertical-a-matter-of-public-safety.
To access the case study, “Continuity247 Helps Sophicity Offer True Business Continuity to a Unique Customer Base,” visit: https://www.continuum.net/resources/msp-resource-center/success-story/sophicity.
Sophicity’s focus is simple: Providing the highest quality IT products and services tailored to city governments. With over fifteen years of experience working directly with cities, Sophicity is uniquely positioned to deliver on this focus. For more information, visit: http://www.sophicity.com/.
Continuum is the only channel-exclusive IT management platform company that allows its Managed Services Provider (MSP) partners to maintain both on premise and cloud-based servers, desktops, mobile devices and other endpoints for their small-and-medium-sized business clients. Continuum’s SaaS platform enables MSPs to efficiently backup, monitor, troubleshoot and maintain clients’ IT infrastructurefrom a single pane of glass, all backed by an industry–leading Network Operations Center (NOC) and Help Desk. The company employs more than 1,250 professionals worldwide, monitors 1 million endpoints for its 5,800 partners including MSPs servicing more than 55,000 SMB customers and web hosting providers protecting nearly 250,000 servers worldwide with Continuum’s R1Soft product line. The company established the Continuum Veterans Foundation, a nonprofit organization providing financial support to charities focused on helping veterans find jobs in IT. For more information, visit https://www.continuum.net/ or https://www.r1soft.com/ and follow on LinkedIn and Twitter @FollowContinuum.
Bronze Ready 365 sponsorship provides financial assistance for disaster preparedness and recovery efforts
DALLAS – Global colocation solutions provider CyrusOne (NASDAQ: CONE) is pleased to announce its sponsorship of the American Red Cross Ready 365 Giving Program. Aligned with CyrusOne’s industry-leading IT disaster recovery services, as a Ready 365 membership partner, CyrusOne is helping support the American Red Cross prepare and respond to natural disasters. Annual financial donations enable the Red Cross to provide immediate basic needs, including shelter, food, clothing, medication, emotional support, and health services to those requiring urgent assistance.
“Natural disasters are an unfortunate reality that all communities must be prepared to face at any time, and CyrusOne is pleased to support the American Red Cross in helping respond to these emergencies,” said Scott Brueggeman, chief marketing officer at CyrusOne. “As a mission-critical data center provider to Fortune 1000 companies, we understand the significant investments that must be made to support disaster preparedness and recovery. We were very proud to see our donation in action as the Red Cross provided local communities in Texas with disaster relief services during flooding emergencies earlier this year.”
The Ready 365 Giving Program is a corporate membership program that supports a wide variety of American Red Cross humanitarian efforts, from disaster response to assisting military families. Across every region of the United States, nearly 400,000 volunteers and more than 27,000 employees of the American Red Cross help prevent and alleviate human suffering. Through Ready 365, companies are able to support the full scope of American Red Cross services, ensuring that people facing emergencies, both large and small, receive the care and comfort that they deserve.
“We’re honored to have CyrusOne as a member of our Ready 365 program,” said Keith Rhodes, chief executive officer, American Red Cross North Texas Region. “No one knows when they might need help from the Red Cross, which is why we have to be ready to respond 24/7/365. Our partnership with CyrusOne will allow us to be prepared and ready well before the next storm.”
CyrusOne recently celebrated its status as a Ready 365 member alongside other philanthropic partners during the American Red Cross-sponsored annual Corporate and Foundation Partnership Breakfast on July 20. The breakfast served to honor corporate partners that have committed to supporting the mission of the American Red Cross.
CyrusOne operates more than 30 carrier-neutral data center facilities across the United States, Europe, and Asia. CyrusOne provides customers with the flexibility and scale to match their specific IT growth needs. CyrusOne facilities are engineered to include the power-density infrastructure required to deliver excellent availability, including an architecture with the highest available power redundancy (2N).
Renowned for exceptional service, building enduring customer relationships, and high customer satisfaction levels, CyrusOne serves nine of the Fortune 20 and more than 175 of the Fortune 1000 among its more than 945 customers.
For more information about the Ready 365 program, please visit:http://www.redcross.org/local/wisconsin/supporters/ready-365-disaster-partners
The American Red Cross name and emblem are used with its permission, which in no way constitutes an endorsement, express or implied, of any product, service, company, opinion, or political position. The American Red Cross name and emblem are registered trademarks owned by the American Red Cross.
About the American Red Cross
The American Red Cross shelters, feeds, and provides emotional support to victims of disasters; supplies about 40 percent of the nation’s blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit redcross.org or on Twitter at @RedCross.
CyrusOne (NASDAQ: CONE) specializes in highly reliable enterprise-class, carrier-neutral data center properties. The company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for more than 945 customers, including nine of the Fortune 20 and more than 175 of the Fortune 1000 or equivalent-sized companies.
CyrusOne’s data center offerings provide the flexibility, reliability, and security that enterprise customers require, and are delivered through a tailored, customer-service-focused platform designed to foster long-term relationships. CyrusOne’s National IX platform provides robust connectivity options to drive revenue, reduce expenses, and improve service quality for enterprises, content, and telecommunications companies. CyrusOne is committed to full transparency in communication, management, and service delivery throughout its more than 30 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
The Business Continuity Institute - Aug 10, 2016 16:51 BST
The Business Continuity Institute is delighted that PwC, the UK's leading provider of integrated governance, risk and regulatory compliance services, is to be the headline sponsor of the BCI World Conference and Exhibition at the Novotel London West Hotel on the 8th and 9th November.
The overall theme of BCI World is preparing business for a changing landscape; anticipating change and having a plan for continuing or adapting business operations during and after that change. This is with the overall goal of organizational resilience. It is therefore fitting that PwC are headline sponsors, as they have perhaps done more than most to drive forward the concept of resilience.
Martin Caddick, Director of Business Resilience at PwC, commented: "As the business environment becomes more complex, resilience continues to climb the agenda of our clients. At PwC we believe it's vital, that as a profession, we continuously evolve our thinking in order to deliver practical and innovative solutions to build adaptable and more resilient organisations. The BCI World conference provides the perfect forum for resilience specialists to come together, share ideas and hear the latest thinking in this field and we are proud to once again sponsor this event."
To find out more about the BCI World Conference and Exhibition or to book your place, click here.
Blockchain is currently one of the hottest topics in financial services and capital markets. The technology has the potential to transform many business processes, making the data used in those processes more available, transparent, immediate and secure. It could also strip out large amounts of cost, delay and error handling/rework. Possible use cases include trade reporting; clearing, confirmation, validation and settlement; recordkeeping; monitoring and surveillance; risk management; audit; management and financial accounting; and regulatory compliance (including – but by no means limited to – financial crime prevention). The immutability, immediacy and transparency of information captured within a blockchain means that all necessary data can be recorded in shared ledgers and made available in near real time. In such a world, stakeholders will no longer be simple recipients of post-hoc reports; instead they can be part of the real-time process.
Blockchain first emerged as the technology that powers the cryptocurrency bitcoin. However, since its first appearance in 2009, blockchain’s potential uses have far exceed cryptocurrency applications. By necessity, blockchain technology is complicated in its implementation, but the underlying idea is simple: it is a distributed ledger or database running simultaneously on many (possibly millions) of nodes that can be distributed geographically and across many organizations or individuals. What makes blockchain unique is its cryptographically assured immutability, or irreversibility. For example, when transactions on the ledger are grouped into blocks and written to the database, they are accompanied by cryptographic verification, making it nearly impossible to alter fraudulently the state of the ledger. Another way to think about blockchain is as trust/consensus technology: the changes in the data are recorded into the blockchain when network participants agree that a transaction is legitimate in accordance with shared protocols and rules.
Interest in blockchain in financial services and capital markets continues to grow – and will accelerate as live solutions make their way to market. Many organizations – including banks, exchanges and fintech firms – have announced initiatives in 2016, while the list of possible use cases being proposed in articles and forums is lengthening.
ATLANTA, Ga – Take steps now to prepare your family for disasters by downloading the FEMA smartphone app.
Much of the region has been under heat advisories from the National Weather Service over the past few weeks. While it has cooled down in recent days, summer continues for several more weeks. The FEMA app lets you receive weather alerts from the National Weather Service for up to five locations across the nation, making it easy to follow severe weather that may be threatening your family and friends.
To help you stay safe during extreme heat, take the following actions when your area is under a heat advisory:
- Postpone outdoor games and activities and limit exposure to the sun.
- Drink plenty of water and avoid caffeine; limit alcoholic beverage intake.
- Dress in loose-fitting, lightweight and light-colored clothing.
- Spend the warmest part of the day in temperature-controlled buildings such as libraries, schools, movie theaters, shopping malls, or community facilities.
- Check on family, friends, and neighbors who do not have air conditioning and who spend much of their time alone.
Download and use the free FEMA app, which provides valuable safety tips to help you prepare for and recover from more than 20 natural and man-made hazards. The app also provides family communication plans, a customizable checklist of emergency supplies, and maps of open shelters and disaster recovery centers. The app is available on the Apple App Store and on Google Play.
FEMA's mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.
Formerly better known as the headquarters of Qualcomm and the US Navy that respectively employ 10,000 and 20,000 people in the city, San Diego is becoming an innovator in the creation of Smart Cities and is fostering a growing cluster of companies engaged in cybersecurity.
Decision-makers in the city such as Dr Sandra Brown, Vice Chancellor for Research at San Diego’s University of California and David Graham, the city’s Deputy COO for Neighbouring Services are attempting to bring together all elements of local academia, talent and entrepreneurship to create a ‘world-leader’ in Smart Cities.
This has already produced programs such as the university-sponsored MetroLab, the city’s Smart Cities initiative. This city-university collaboration between Brown and Graham’s departments means the city uses the university as an R&D facility on challenges facing the city such as income inequality, infrastructure weakness, security, environmental sustainability and transportation.
Storage remains the most popular cloud service in the enterprise these days, but it seems that low cost and flexible scalability are starting to give way to more practical concerns like reliability and ease-of-migration as the market evolves.
This is likely caused by two factors. First, the number and diversity of cloud providers are increasing, allowing the enterprise to pursue more tailored infrastructure for their application needs, Second, business models are starting to catch up to technology so that organizations require more than just cheap bulk storage for their data overflow.
According to Research and Markets, cloud storage is still on a healthy upward trajectory. The firm estimates the cloud storage sector will more than triple by 2022, rising from $18.87 billion in 2015 to more than $67 billion. Major drivers include an influx of new users and the growing need to support Big Data applications in an increasingly digitized economy. As well, market outliers include the rapid adoption of cloud storage gateways that allow organizations to more easily integrate publicly stored data with in-house resources over hybrid cloud architectures.