Friday Tech Round Up – Episode 97

Marketing 10th December 2021

Curious to know what’s been happening in the tech space? Well, look no further… our Friday Tech Round Up is your weekly dose of the latest and greatest tech news!

This week, we take a look at cloud provider outages, HashiCorp announcing they are going public and AWS’s Mainframe Modernisation – just to name a few.

Due to the covid virus, we were unable to jump behind a camera this week, however, you can catch the headlines here, or listen to the latest run down of the news with expert opinions and insights on the Tech³ Podcast.

Friday Tech Round Up 97

Cloud provider outages

Since so much of technology is reliant on services being constantly online to talk to other networks or applications, it’s not a case of if, but when. We are of course talking about outages, and even the most brilliant of providers can’t stress test every possible eventuality. For the likes of AWS they are the most recent to make the headlines.

Several of the sites first affected appeared to have been able to reroute traffic to alternative servers, with Amazon saying that just five and a half hours from the first issue being logged, it had been able to mostly restore service. For those still seeming unsteady, Amazon is working tirelessly to achieve full recovery across all services.


CloudBees invests in future

Continuous delivery software company and long-standing partner for ECS CloudBees has become a unicorn!

Sharing the news via their hive, CloudBees announced it has closed a $150 million Series F financing round at a pre-money valuation of $1 billion. The company has also closed a $95 million debt facility to accelerate growth.

The new capital will be used by CloudBees to advance and accelerate product innovation, recruit and develop talent, expand its footprint in markets like Asia Pacific, and broaden its global and regional partnerships. As part of the announcement, Stephen DeWitt has released a personalised message.


Cryptocurrency under the microscope

Cryptocurrency executives are currently being questioned in Congress. The anonymity of paying using crypto currencies means they have been favoured for criminal activities such as drug dealing and ransomware attacks in the past.

Elizabeth Warren on the Democratic Party has called for tougher regulation and Donald Trump has even described crypto-currencies as “a scam” – but supporters say the view that it’s used predominantly for crime is outdated and that innovation in this area offers huge potential.


HashiCorp announces pricing of initial Public Offering

Leader in multi-cloud infrastructure automation software, HashiCorp, announced the pricing of its initial public offering of 15,300,000 shares of its Class A common stock at a public offering price of $80.00 per share.  

The gross proceeds of the offerings are expected to reach $1.22 billion and began trading on the Nasdaq Global Select Market just yesterday under the ticker symbol “HCP”.

The offering is expected to close on Monday (December 13, 2021), subject to the satisfaction of customary closing conditions.


AWS Announces Mainframe Modernisation

AWS re:Invent took place last week, with the global cloud provider announcing AWS Mainframe Modernisation, a new service that makes it faster and easier for customers to migrate mainframe and legacy workloads to the cloud, and enjoy the superior agility, elasticity, and cost savings of AWS.

William Platt, General Manager of Migration Services at AWS said that “AWS’s Mainframe Modernisation provides automation in discovery, analysis, migration, and testing phases. It also gives users a managed runtime environment to deploy their re-platformed and refactored mainframe workloads, making modernizing applications faster and easier”.


ECS shoutouts:

The Great Resignation of 2021 has been a term circulating these past 6 months. As employees have begun to seek other opportunities, the pendulum has shifted in their favour, creating an employee-led market for industries struggling to meet talent demands – we’ve been taking a look at what impact this is having on the industry, as well as what management can be doing to hold onto their top talent.

Head over to ECS’s latest whitepaper to view the latest stats and insights – Employee Experience: a business priority.

We’re also super excited to announce that we have two new podcasts on the way. One finishes off our International Men’s Day series and features the brilliant Niall Mcdonagh who bravely shared his stories, thoughts and experiences from working in the tech industry as a gay man.

The second explores AWS re:Invent, including keynotes from this year’s event and how our two guests, Neal Makh and Sunil Tailor enjoyed Las Vegas throughout the event’s 10-year history – keep your eyes peeled for the podcasts!

And that’s it!

Make sure to come back next week for even more tech news.

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