5 things to know for February 12: Tencent Cloud acquires, Equinix taps Oracle Exadata, Schneider Electric’s Smart-UPS

5 things to know from Data Economy 5 things to know for February 12

As if there isn’t already enough tech news to fill up your working day. But somehow, things can slip through the net.

Luckily Data Economy is here to catch it and deliver it to you. So with that being said, here is what you need to know to get you up to speed today.

  • Tencent Cloud acquires

Tencent Cloud, the cloud computing arm of Tencent has announced its acquisition of the Multi-Tier Cloud Security Standard (MTCS SS), an international security standard essential to the adoption of cloud computing services in Singapore.

“The acquisition of the highest level MTCS SS security standard demonstrates how Tencent Cloud continues to establish itself as one of the world’s leading industry players, having helped Tencent move from fifth to fourth place in the Asia-Pacific cloud vendor rankings through landmark projects and solutions,” said Poshu Yeung, Vice President of Tencent International Business Group.

“With the rapid cloud adoption globally, we are proud to receive this international security standard, which adds to our increasingly recognised and adopted cloud offerings in the region.

“It also emphasises our exceptional capability to host, handle and process highly confidential data, bringing confidence and peace of mind to our enterprise customers.”

  • Schneider Electric’s Smart-UPS with Lithium-ion

Schneider Electric has announced the availability of 230V models of its short-depth APC Smart-UPS line-interactive UPS Lithium-ion battery technology models for European markets.

The new versions make Lithium-ion battery back-up technology an economic solution for edge computing applications and other installations inside and outside purpose-designed IT environments.

“Placing critical applications at the network edge presents IT operators with significant new challenges including management of greater numbers of equipment in locations that aren’t optimized for IT and lack on-site support,” said Rob McKernan, Senior Vice President, Secure Power Division, Europe.

“At the same time, power availability continues to play a crucial role and downtime has an immediate impact on business.

“New APC Smart-UPS with Lithium-ion meets these challenges, providing resilient power protection with cloud-enabled remote management for edge computing environments.”

  • GigaSpaces’ InsightEdge

GigaSpaces has announced that they are providing their in-memory computing platform, InsightEdge as a managed service on Google Cloud Platform (GCP). 


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The company said that its customers can deploy InsightEdge to introduce new applications that need to ingest, process and analyse streaming, hot and cold historical data at extreme speed and scale with zero management overhead.

“We are excited to join forces with Google Cloud to provide easy access and a fully automated InsightEdge service,” said Yoav Einav, VP Product at GigaSpaces.

“Simplifying deployment and management while ensuring a no-downtime service, will help our customers leverage their data; running analytics and ML models at the speed and scale required for real-time decision making.”

  • Equinix taps Oracle Exadata

Oracle has announced that Equinix uses Oracle Exadata Database Machine as a core Oracle Database transaction engine to run its growing business.

By moving to Oracle Exadata, Equinix is able to run its applications an estimated 30-40% faster with some workloads showing more than 100% improvement.

Equinix also eliminated an estimated 12 hours of service downtime for database server patching per year and further reduced application patching downtime by 90%, according to the company.

“Our investment in Oracle Exadata has proven valuable and has exceeded our expectations,” said Milind Wagle, executive vice president and global chief information officer, Equinix.

“Not only is Oracle a strategic alliance partner with Equinix, we also consider it an important solution provider trusted to run our mission-critical applications around the world.”

  • Kofax heads to the cloud

Intelligent Automation software company Kofax has announced its accounts payable automation solution, AP Agility, is now available as a cloud-hosted SaaS offering.

Kofax AP Agility Cloud combines AI-driven capture, three-way matching of invoices, purchase orders and receiving documents, approval and exception workflows, automated general ledger coding, and analytics – delivering all the benefits of AP Agility to accounts payable departments seeking a cloud-based solution, according to the company.

“Organisations increasingly turn to Kofax and our market-leading Intelligent Automation solutions to digitally transform their accounts payable operations,” says Reynolds C. Bish, Chief Executive Officer at Kofax.

“By delivering AP automation as a service, AP Agility Cloud provides customers with increased deployment options and greater agility as they strive to optimise their financial operations in today’s rapidly evolving business environment.”

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