5 Companies That Came To Win This Week
For the week ending Sept. 10, CRN takes a look at the companies that brought their ‘A’ game to the channel.
The Week Ending Sept. 10
Topping this week’s Came to Win list is IT power tech company Vertiv, which is making a strategic acquisition that expands both its product portfolio and its geographic reach.
Also making the list this week are Intel for a new line of performance-boosting CPUs for small servers, application security vendor Snyk for a very impressive funding round, MSP NetGain for its own strategic acquisition, and Cisco Systems for its plans to achieve net zero greenhouse gas emissions in less than 20 years.
Vertiv Buying E&I For $1.8 Billion To Fill Out Power Product Lineup
IT power specialist Vertiv struck a deal this week to acquire E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf, for $1.8 billion.
The acquisition, Vertiv’s first as a public company, will help fill any remaining gaps in the company’s power and data center product portfolio. It will also help Vertiv expand geographically – particularly in Europe and Asia – by leveraging E&I’s footprint outside the U.S.
E&I has a major presence in the power distribution market and relationships with blue-chip customers in more than 30 countries. The company’s product portfolio includes critical power switchgear, UPS input and output switch gear and busway.
Intel’s New Xeon CPUs Boost Entry-Level Server Performance
Intel has adapted its Rocket Lake desktop CPU architecture for a new line of Xeon E processors designed to power entry-level servers for use in small businesses and cloud services.
The 10 new Xeon E-2300 CPUs, introduced this week, are designed for single-socket servers and provide a 17 percent performance improvement over the Xeon E-2200 processors that debuted in 2019.
The new processors are being supported by a number of leading server manufacturers including Dell Technologies, Hewlett Packard Enterprise, Lenovo and Supermicro.
Snyk Raises $530M On $8.5B Valuation To Protect Applications
Application security tech developer Snyk raised an impressive $530 million in Series F funding this week, boosting its valuation to $8.5 billion.
The funding round makes Snyk the second most valuable venture-backed cybersecurity company in the world and positions the company for an initial public offering (IPO) sometime in late 2022 or early 2023.
Snyk plans to use the funding infusion to fuel product innovation, including developing new features and functionality and workflow integration capabilities for its Developer Security Platform.
NetGain Technologies Acquires Fellow MSP 4EOS
Managed services provider NetGain Technologies has acquired fellow MSP 4EOS in a move that will help NetGain expand its presence in the Midwest.
The acquisition brings to NetGain a small IT services provider with hosting, backup and managed services for SMB customers. It also provides NetGain with an Indiana office and an increased presence in the Midwest.
NetGain, a member of the Elite 150 on the CRN MSP 500 list, has now made five acquisitions since December 2018 when it was itself acquired by Evergreen Services Group, a San Francisco-based, private-equity backed holding company focused on managed services and government services.
Cisco To Slash Greenhouse Gas Emissions With The Help Of Partners
Cisco Systems wins cheers this week for its pledge to reach net zero greenhouse gas emissions by 2040, including in its own operations, its supply chain and the use of its products.
The tech giant is also investing millions through its Country Digital Acceleration (CDA) program to help partners and customers lower their own carbon footprints and meet sustainability goals.
The CDA program is rolling out a Sustainability Partner Innovation Challenge to encourage Cisco’s partner ecosystem to develop proof-of-concept practices aimed at solving sustainability issues. The CDA already has more than 1,000 active or completed sustainability projects across 43 countries.
Cisco is also developing more near-term emissions-reduction targets for its most material emissions, the company said.