Here are the five things you need to know this morning, April 20, 2020, from around the world directly to you.
Globe invests in cloud business to expand ICT capabilities
Globe Telecom has entered into an agreement to acquire substantially all of the assets of US-based Cloud Consulting Companies, computer science vs information technology Corporation and Cascadeo Partners for $4 million.
As part of the transaction, Globe, along with Cascadeo, will make follow up investments into the entities for growth capital to fund the company’s expansion strategies. “The joint venture with Cascadeo will further strengthen our ability to invent, innovate, and experiment,” said Globe President and CEO, Ernest Cu. “We will be leveraging on Cascadeo’s Cloud-Native Consulting and Managed Services capabilities to further solidify our credibility as a cloud solutions provider for enterprises and small and medium business customers who are ready to digitally transform.”
Interconnection to emerge from global challenges
The digitisation of business and the compounding growth and exchange of data required the IT industry to solve the problem of how to exchange and transfer data among multiple companies across different networks, regions and countries. This is according to a tech trends and strategies survey by data centre giant Equinix (NASDAQ: EQIX). Internet exchanges were created as physical infrastructure meeting places to facilitate data traffic exchange.
These exchanges were built and hosted inside carrier-neutral colocation data centre campuses. The voluntary exchange of traffic among providers became known as peering.
Globe invests in cloud business to expand ICT capabilities
Globe Telecom has entered into an agreement to acquire substantially all of the assets of US-based Cloud Consulting Companies, computer science vs information technology Corporation and Cascadeo Partners for $4 million.
As part of the transaction, Globe, along with Cascadeo, will make follow up investments into the entities for growth capital to fund the company’s expansion strategies. “The joint venture with Cascadeo will further strengthen our ability to invent, innovate, and experiment,” said Globe President and CEO, Ernest Cu. “We will be leveraging on Cascadeo’s Cloud-Native Consulting and Managed Services capabilities to further solidify our credibility as a cloud solutions provider for enterprises and small and medium business customers who are ready to digitally transform.”
Interconnection to emerge from global challenges
The digitisation of business and the compounding growth and exchange of data required the IT industry to solve the problem of how to exchange and transfer data among multiple companies across different networks, regions and countries. This is according to a tech trends and strategies survey by data centre giant Equinix (NASDAQ: EQIX). Internet exchanges were created as physical infrastructure meeting places to facilitate data traffic exchange.
These exchanges were built and hosted inside carrier-neutral colocation data centre campuses. The voluntary exchange of traffic among providers became known as peering.
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