Cloud Repatriation is picking up speed

Massive data growth, rising costs for cloud services, and the need for more flexibility have given hosting data and workloads on-premises new momentum, as Eric Bassier, senior director of products at Quantum, explains.

The benefits of cloud computing, in general, are undisputed. Cloud usage has grown rapidly over the past decade and particularly in the last three years, as the need to modernise IT quickly to enable remote working drove many organisations to the cloud. While some...

$250m Wasabi Technologies funding will ‘usher in the future of cloud storage’

Wasabi Technologies, a cloud storage company, has achieved unicorn status following $250 million in new funding.

Wasabi raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity Management & Research Company and Forestay Capital, bringing the company’s valuation to over $1.1 billion. Wasabi also expanded its existing debt facility with MGG...