5 things to know for February 6: Goldman Sachs and Amazon, Facebook pay-out, Tonawanda data centre



5 Things To Know | Data Economy 5 things to know for February 6

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.

  • Goldman Sachs and Amazon

It has been reported that Goldman Sachs is in advanced talks with Amazon (NASDAQ: AMZN) to offer small business loans in the US, in a bid to break into the mainstream areas of financial services.

According to the FT, Goldman Sachs has started the process of building technology that would permit it to offer loans to small and medium-sized firms through Amazon’s lending platform.

  • Cognizant acquires El-Technologies

Cognizant (Nasdaq: CTSH) has entered into exclusive negotiations to acquire the French operations of EI-Technologies, a Paris-based, privately-held digital technology consulting firm and leading independent Salesforce specialist in France.

According to the company, the proposed acquisition would complement Cognizant’s global Salesforce practice, expanding client resources in Europe.

The planned acquisition requires advance consultation with the relevant works councils and would be subject to customary closing conditions. The company did not disclose the financial terms of the proposed transaction.

  • Facebook pay-out

Facebook (NASDAQ: FB) has agreed to pay $550m to settle a class-action lawsuit on its use of facial recognition, according to a report by the New York Times.

The lawsuit began in 2015, filed by a group of Facebook users in Illinois, who said the company violated the state’s privacy legislation by illegally collecting and storing biometric data without their consent.

Facebook has since turned off its facial recognition settings by default, according to reports.

  • Tonawanda data centre

Tonawanda Coke Corporation’s (TCC) 135-acre plot in Tonawanda, New York was sold at an auction held in downtown Buffalo, to a real estate company.


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The TCC has operated a coke manufacturing facility at this location since 1978, and the property has been used for the coke manufacturing since 1917. 

On October 14, 2018, TCC suspended operations and initiated process shutdown to permanently close its facility, after being fined $25m over its toxic emissions and hazardous waste practices, according to reports.

  • Datrium expands

Multicloud data platform company Datrium has announced that it has expanded the Datrium Global Partner Network to new regions and introduced a new tier, DRaaS Select.

The company said that with DRaaS Select, partners can better aid customers in their cloud transformation and modernise disaster recovery (DR) and backup processes.

The Datrium Global Partner Network has grown rapidly in North America, EMEA, ANZ and APJC, with the addition of 20 new partners in the last six months.

“We’ve experienced high demand from customers looking to transform their data centres with more cloud-based solutions,” said Tim Page, Chief Executive Officer at Datrium.

“At Datrium, we pride ourselves on delivering unprecedented flexibility and simplicity to help customers transform their IT.

“The new and expanded partner program reflects our mission to bring on-demand, fail-proof and cost-effective DR with VMware Cloud on AWS to enterprises everywhere. This is an exciting time for Datrium and our growing Global Partner Network.”

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