Tag: edge

Scale Computing gets Lenovo cash to live on the edge

Scale Computing has raised $34.8 million with Lenovo putting up the cash.

The Lenovo cash injection comes after the pair announced a global partnership which will see them create an edge computing product aimed at firms with highly distributed infrastructures.

Scale has doubled its revenue over the past two years with its retail sector revenue quadrupling.

The Series F round has been split in two, with the first part closing at $21.2 million and the second set to close by the end of the year.

Scale CEO Jeff Ready said: “We have experienced tremendous growth over the past two years, driven by our unique capability to automate the administration of a fully converged platform. This round of funding, combined with our new partnership with Lenovo, enables us to reach customers at a global scale instantly.”

Allos Ventures also took part. Don Aquilano of Allos Ventures said: “Scale is a company which has exceeded its plans for more than two years. We are thrilled with the company’s performance and market leadership as edge computing moves to the forefront of IT. No company is better positioned to take advantage of this global trend.”

Edge protector Brookcourt inspires the London Stock Exchange

 

edge 620_1Brookcourt Solutions has been named in London Stock Exchange Group’s “1000 Companies to Inspire Britain” Report.

The edge protective technology solutions outfit  was recognised in the fourth edition of London Stock Exchange Group’s 1,000 Companies to Inspire Britain report.

The report names fastest-growing and most dynamic small and medium sized businesses (SMEs) across the UK

To make the cut, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers

Brookcourt CEO Phil Higgins said: “Brookcourt are pleased to have won such a prestigious and innovative award. We focus on defining ways to deliver effective IT security solutions that match the increasing business demands for secure IT operations in today’s fast paced, unpredictable technological environment. By blending innovating, problem solving technologies across all enterprise verticals, Brookcourt’s award winning, customer centric approach ensures we continuously keep ahead. We are honoured to have been selected to receive this award.”

Xavier Rolet, Chief Executive, London Stock Exchange Group said that four years after its first release,  LSEG’s ‘1,000 Companies to Inspire Britain’ report continues to highlight the dynamic, entrepreneurial and ambitious businesses across the country that are boosting UK productivity, driving economic growth and creating jobs.

“The strength and diversity of these companies is readily apparent with a broad mix of UK regions and sectors represented. These companies are the very heart of an ‘anti-fragile’ economy: more robust; more flexible and less prone to boom and bust. We must ensure we continue doing all we can to support high growth potential businesses like these,” Rolet said.