BIG DATA MANAGEMENT
Dynamo Software | August 02, 2022
Dynamo Software, Inc., a market-leading provider of end-to-end cloud software solutions for the alternative investment management industry, announced today its acquisition of Smonik Systems, a leader in data management. Smonik provides cutting-edge software that closes the gap for Limited Partners (LPs) to process both structured and unstructured data. Dynamo will enhance its world-class platform with Smonik’s automated products for data collection, extraction, validation, and reconciliation.
“As the financial markets undergo further stress, Dynamo has calibrated its business to provide robust, best-in-class software for alternative asset managers and institutional investors. “At Dynamo, we have built our stack to do the heavy lifting – removing several repetitive and manual processes with configurable dashboards, workflows, and reports. Augmenting our business with Smonik’s proprietary data management and reconciliation software will further fuel our mission of being the leading global, end-to-end software platform for the alternative investments ecosystem. We are excited to welcome their impressive team to the Dynamo family.”
Dynamo’s CEO Hank Boughner
The Smonik acquisition, combined with the Dynamo Data Automation (DDA) software, underscores Dynamo’s steadfast commitment to focus on removing labor-intensive processes, especially those around data extraction and validation. Endowments, foundations, pensions, family offices, and funds of funds (FOF), will benefit from Smonik’s ability to reduce or completely eliminate manual data entry and processing. For example, with Smonik’s software, LPs can automate the collection and extraction of data for all investment types – including alternatives – while also adopting a data-agnostic approach to reconcile any two data sets.
“Ultimately, the combined power of Dynamo and Smonik is unprecedented,” said Sethu Bijumalla, CEO and Co-Founder of Smonik Systems. “By joining Dynamo, a company backed by Blackstone and Francisco Partners, we are excited by the additional resources and support to further extend Smonik’s value to private investment clients. Additionally, our two companies are built on a culture of excellence, with seasoned professionals who are fueling high-growth, innovative software that simultaneously empowers clients to increase efficiency, reduce cost, and minimize operational risk.”
“This is truly a win-win for both Dynamo and Smonik’s current and prospective clients,” added Stephen Hixon, principal and co-owner of Smonik. “Dynamo is leading this industry’s race in delivering compelling end-to-end software, and now, with Smonik, the company is further cementing its leadership in data automation for LPs. We are proud to be a part of the next chapter in Dynamo’s story.”
Both Dynamo and Smonik are headquartered in the Boston, MA area, allowing the operations, sales, marketing, and product innovation teams to work closely together to ensure a seamless integration.
About Smonik Systems, LLC.
Smonik Systems, now a Dynamo brand, provides data management and reconciliation services to the financial services industry. Using its extensive background in investment operations, Smonik prides itself in developing tools to automate back-office manual processes. The proprietary, best-in-class software delivered by Smonik focuses on automating the entire data management workflow. This includes the collection, extraction, transformation, reconciliation, and integration of both structured and unstructured data.
About Dynamo Software, Inc.
Dynamo Software’s mission is to be the leading global, end-to-end cloud software platform for the alternatives ecosystem, serving the information sharing and analytical data needs of our constituents. Since 1998, the company has been providing industry-tailored, highly-configurable investment management, reporting, and data management cloud software solutions to the global alternative investment industry. Dynamo’s cloud-based solutions serve the private investment landscape including private equity and venture capital funds, real estate investment firms, infrastructure, hedge funds, endowments, pensions, foundations, prime brokers, funds of funds, family offices, and fund administrators. The Dynamo™ platform has improved productivity across the alternatives ecosystem, including CRM, fundraising, deal management, research management, investor servicing, portfolio management, and compliance teams worldwide. Dynamo has a global footprint with operations across North America, EMEA, and APAC.
BIG DATA MANAGEMENT
CyberRes | August 08, 2022
CyberRes, a Micro Focus line of business, today announced a partnership with Google Cloud to support the upcoming release of BigQuery remote functions. The partnership will see CyberRes' end-to-end enterprise data protection solution, Voltage SecureData, integrate with Google's BigQuery data warehouse to accelerate and expand organizations' data science initiatives and help companies comply with ever-evolving privacy regulations.
The integration will enable CyberRes Voltage customers to persistently protect data in use, in motion, and at rest in Google BigQuery. The support for remote functions also enables Google Cloud's BigQuery customers to take advantage of Voltage's privacy-enabling technologies. Mutual customers can use Voltage's format-preserving encryption, hashing, and tokenization services within BigQuery in conjunction with Google BigQuery's native security to address strict privacy compliance controls. Voltage's cloud-agnostic and consistent data protection allows all customers to safely use regulated data for analytics across hybrid clouds.
"The availability of remote functions from BigQuery is an exciting and critical evolution of Google Cloud's platform for our customers. "The integration with Voltage SecureData means BigQuery will allow customers to utilize and support the Voltage data-centric protection approach for secure analytics, enabling enterprises to accelerate and expand their data science initiatives with privacy by default."
Tony de la Lama, Vice President of Product Management, CyberRes
BigQuery, Google Cloud's highly scalable multi-cloud data warehouse, is designed for business agility and allows customers to gain insights with real-time and predictive analytics, access data and securely share insights with ease. This new partnership adds to Voltage SecureData's deep capabilities in securing analytics across data warehouses, databases and data lakes and enables customers to shift workloads seamlessly and securely to BigQuery.
"Emerging threats and evolving technology needs are at the forefront of challenges in cyber security. By making its Voltage SecureData solution available to Google Cloud customers from within their BigQuery data warehouse, CyberRes is enabling customers with the technologies needed to protect their sensitive data while addressing and adhering to current data privacy regulations," said Ritika Suri, Director, Technology Partnerships, Google Cloud.
The CyberRes Voltage portfolio helps secure organizations with continuous data discovery, insight, and protection to reduce risk and enable privacy by design. Organizations can work with high-value, sensitive customer data in its protected state to derive business intelligence without the risk of data exposure in Google BigQuery. The data protection technologies in Voltage SecureData provide flexible implementation and data-centric protection for a virtually unlimited number of structured data types in any language, and in any region, with proven performance, reliability, and scalability.
CyberRes is a Micro Focus line of business. We bring the expertise of one of the world's largest security portfolios to help our customers navigate the changing threat landscape by building both cyber and business resiliency within their teams and organizations. CyberRes is part of a larger set of digital transformation solutions that fight adverse conditions so businesses can continue to run today, keep the lights on, and transform to grow and take advantage of tomorrow's opportunities.
BIG DATA MANAGEMENT
Denodo | June 27, 2022
Denodo, a leader in data management, today announced that Forrester Research, Inc., a leading independent technology and market research company, has positioned Denodo as a Leader in The Forrester Wave™: Enterprise Data Fabric, Q2 2022. According to the report, “Denodo is best fit for customers that are focusing on an enterprise-wide data fabric strategy to support BI, data collaboration, customer intelligence, data engineering, data science, IoT analytics, operational insights, and predictive analytics use cases.”
The complete and complementary report, published on June 23, is available here.
The Wave revealed that organizations want real-time, consistent, connected, and trusted data to support their critical business operations and insights. However, new data sources, slow data movement between platforms, rigid data transformation workflows, and governance rules, expanding data volume, and distributed data across clouds and on-premises, can cause organizations to fail when executing their data strategy.
Forrester VP, Principal Analyst and author of the report, Noel Yuhanna wrote, “Denodo Technologies has been a longtime player in data virtualization and now supports data fabric with expanded integration, management, and delivery capabilities to support self-service BI, advanced analytics, and enterprise data services.”
With some of the best in class and latest innovations, Denodo Platform offers:
An augmented data catalog to facilitate data exploration, discovery, improved collaboration and data governance.
Active metadata-based historical analysis, which serves as the foundation for AI processes.
A semantic layer with extended metadata to enrich traditional technical information with business terms, tags, status, or documentation, to fuel improvements in self-service, security, and governance across all data assets.
AI-based recommendations to learn from usage and simplify the entire lifecycle of the data management practice, including development, operations, performance tuning, etc.
DataOps and multi-cloud provisioning to reduce management and operational cost and enable the system to be cloud-vendor agnostic.
“We are thrilled to see our position as a leader in the Forrester Wave for Enterprise Data Fabric. “Most of our customers, including many Fortune 500, use our platform to build their enterprise data fabric for use cases such as IoT analytics, customer intelligence, fraud detection, real-time analytics, operational insights and many more, which are all areas where Denodo received the maximum score possible. We are looking forward to continuing to help organizations across the world unleash their data-driven decision making power to create an enterprise level logical data fabric.”
Ravi Shankar, Senior Vice President and Chief Marketing Officer at Denodo
Denodo is a leader in data management. The award-winning Denodo Platform is the leading data integration, management, and delivery platform using a logical approach to enable self-service BI, data science, hybrid/multi-cloud data integration, and enterprise data services. Realizing more than 400% ROI and millions of dollars in benefits, Denodo’s customers across large enterprises and mid-market companies in 30+ industries have received payback in less than 6 months.
BIG DATA MANAGEMENT
APARAVI | August 04, 2022
APARAVI®, the company behind the award-winning Aparavi Data Intelligence and Automation Platform, today announced a new partnership with Quantum Corporation to accelerate the adoption of automated, intelligent solutions designed to efficiently manage, protect, and gain business value from growing volumes of unstructured data. The companies’ combined solutions leverage the Aparavi Data Intelligence and Automation Platform with Quantum ActiveScale™ Object Storage software and platforms to enable cost-effective curation, protection, and use of unstructured data.
“We are very excited about our partnership with Quantum. “Our partnership is expected to deliver novel data management solutions to provide companies with the ability to truly know and visualize their data to reduce business risks, lower storage costs, and increase business insights and data value.”
Adrian Knapp, CEO and founder of Aparavi
The Aparavi Platform helps companies to know and visualize their data across all their unstructured data platforms to realize the impact of risk and cost, and how to add value in ways they are not capitalizing on today. With data intelligence and automation, users gain insights into their unstructured data landscape and can take immediate action to effectively manage and migrate data to low-cost storage repositories like Quantum ActiveScale object storage, creating opportunities for immediate cost and performance benefits.
The Aparavi platform gives users the ability to identify, classify, optimize and move their unstructured data based on file types and classification policies including CCPA, GDPR, and HIPAA, etc.). Users can take advantage of over 140+ predefined classification policies or can easily build custom policies. The Aparavi Platform also improves storage consolidation by revealing hidden data, valuable data assets, and ROT (redundant, obsolete, or trivial) data.
Quantum ActiveScale active archiving and long-term retention solutions are designed for durability, storage efficiency, and simple management at scale. ActiveScale is a leading object storage platform architected for both active and cold data, expected to provide up to 80 percent lower cost than alternative storage platforms. Designed for secure, always available access, ActiveScale is a valuable solution for private cloud storage deployments.
THE APARAVI PLATFORM + QUANTUM ACTIVESCALE EXPECTED BENEFITS
Unlocking the value of unstructured data on ActiveScale
Intelligent data management to help you know what data you have
Automated data lifecycle management to reduce risk and cost
Seamlessly migrating tape data to ActiveScale
Improved analytics and performance through lifecycle data management
“Ninety percent of data is infrequently or rarely accessed but must be retained for its inherent, long-term value. Quantum is dedicated to data intelligence and automation to help users gain insights about their data and optimize its placement,” says Christine Brennan, director of technology Alliances at Quantum. “With Aparavi, we believe our customers will see cost and performance benefits across the enterprise by migrating inactive data to Quantum ActiveScale.”
APARAVI® is the trusted disrupter in unstructured data management, helping organizations find and unlock the value of data, no matter where it lives. Aparavi is a SaaS platform with a deep intelligence that rapidly discovers, automatically classifies, and optimizes highly distributed data to mitigate risk, reduce costs and exploit data value. Aparavi ensures secure access to modern data demands of analytics, machine learning, and collaboration, connecting business and IT to transform data into a competitive asset. Aparavi is a privately funded company headquartered in Santa Monica, Calif.
Quantum technology, software, and services provide the solutions that today's organizations need to make video and other unstructured data smarter – so their data works for them and not the other way around. With over 40 years of innovation, Quantum's end-to-end platform is uniquely equipped to orchestrate, protect, and enrich data across its lifecycle, providing enhanced intelligence and actionable insights. Leading organizations in cloud services, entertainment, government, research, education, transportation, and enterprise IT trust Quantum to bring their data to life, because data makes life better, safer, and smarter. Quantum is listed on Nasdaq (QMCO) and the Russell 2000® Index.