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Commvault and Alibaba Cloud Join Forces to Accelerate Worldwide Digital Transformations

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Commvault and Alibaba Cloud Join Forces to Accelerate Worldwide Digital Transformations

-Strategic partnership will deliver advanced, innovative and scalable hybrid cloud data management solutions that address data challenges securely and efficiently-

Commvault (NASDAQ: CVLT), a global leader in enterprise backup, recovery, archive and the cloud, and Alibaba Cloud, the cloud computing arm of Alibaba Group, jointly announced today to leverage each other’s technology and market advantages to deliver advanced, innovative and scalable hybrid cloud data management solutions to help customers and partners across the globe accelerate digital transformations.

Alibaba Cloud is among the world’s top 3 IaaS providers, according to Gartner, China’s largest provider of public cloud services and the number four player globally in the IaaS market by revenue in 2017, according to IDC. Commvault‘s partnership with Alibaba Cloud allows businesses to make their move to the cloud with greater ease and security. With IDG highlighting big data/analytics, mobile and cloud as the leading business revenue drivers, and 49 percent of global enterprises citing data availability and visibility as responsible for significantly improved business performance1, data is a critical asset to information-driven businesses. However, complex regulations and the fast pace of changing business needs threaten the success of enterprises embarking on their digital transformation journey.

The strategic partnership between Commvault and Alibaba Cloud will directly address these challenges through the joint delivery of:

Integrated features on a single unified platform: Businesses will be empowered with reliable and scalable computing and data processing capabilities with Alibaba Cloud, securely managed and accessed on Commvault’s unified data management platform.

Advanced centralized support: Alibaba Cloud customers from all over the world can rely on advanced technical support at all stages of their cloud migration journey, powered by Commvault’s best-in-class data experts from engineering and customer support teams.

Innovative, personalized offerings: The partnership agreement will serve as a platform for knowledge-transfer, including customer and partner evaluations and feedback, enabling Commvault and Alibaba Cloud to continue developing innovative offerings and upgrades that support rapidly evolving business requirements in today’s digital landscape.
Dajiang Han, Head of Global Alliance, Alibaba Cloud Global said, “We are excited to enter this strategic partnership with Commvault and concertedly empower our customers through advanced cloud computing and data management capabilities. Digital transformation is the new benchmark for companies amidst an increasingly competitive landscape, and data is at the core of this journey. As cloud continues to serve as the backbone of today’s digital economy, Alibaba Cloud and Commvault are committed to deliver innovative technologies to address the ever-growing challenges in data storage, processing, management and protection.”

“The strategic combination of Commvault’s leadership in backup & recovery and moving data to, from and between clouds and Alibaba Cloud’s strengths will provide customers with scalable and secure cloud data solutions, while supporting the acceleration of digital transformations across the globe,” said Owen Taraniuk, Vice President of Worldwide Partnerships and Market Development, Commvault. “Commvault’s partnership with Alibaba continues building on our unwavering commitment to delivering cloud-optimized solutions so that our customers can leverage the power and benefits of a multi-cloud strategy for modernized data protection and disaster recovery.”

Safe Harbor Statement

Customers’ results may differ materially from those stated herein; Commvault does not guarantee that all customers can achieve benefits similar to those stated above. This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions and others. Statements regarding Commvault’s beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Actual results may differ materially from anticipated results. Commvault does not undertake to update its forward-looking statements. The development and timing of any product release as well as any of its features or functionality remain at our sole discretion.
©1999-2018 Commvault Systems, Inc. All rights reserved. Commvault, Commvault and logo, the “C hexagon” logo, Commvault Systems, Solving Forward, SIM, Singular Information Management, Commvault HyperScale, ScaleProtect, Commvault OnePass, Commvault Galaxy, Unified Data Management, QiNetix, Quick Recovery, QR, CommNet, GridStor, Vault Tracker, InnerVault, Quick Snap, QSnap, IntelliSnap, Recovery Director, CommServe, CommCell, ROMS, APSS, Commvault Edge, Commvault GO, and CommValue are trademarks or registered trademarks of Commvault Systems, Inc. All other third party brands, products, service names, trademarks, or registered service marks are the property of and used to identify the products or services of their respective owners. All specifications are subject to change without notice.

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Bitcoin, ether hit fresh highs

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Bitcoin, ether hit fresh highs 1

SINGAPORE (Reuters) – Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier.

The world’s most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year.

Bitcoin’s gains have been fuelled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.

Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12%.

Ether is the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become interchangeable.

Ether futures contracts launched on derivatives exchange CME earlier this month.

(Reporting by Vidya Ranganathan; Editing by William Mallard)

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World Bank pushing for standard vaccine contracts, more disclosure from makers

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World Bank pushing for standard vaccine contracts, more disclosure from makers 2

By Andrea Shalal

WASHINGTON (Reuters) – The World Bank is working to standardize COVID-19 vaccine contracts that countries are signing with drug makers, and is pushing manufacturers to be more open about where doses are headed, as it races to get more vaccines to poor countries, the bank’s president said on Friday.

World Bank President David Malpass told Reuters he expected the bank’s board to have approved $1.6 billion in vaccine funding for 12 countries, including the Philippines, Bangladesh, Tunisia and Ethiopia, by the end of March, with 30 more to follow shortly thereafter.

The bank is working with local governments to identify and fill gaps in distribution capacity, after they purchase vaccines under a $12 billion World Bank program, and also to standardize the contracts they are signing with manufacturers, he said.

The bank’s International Finance Corp, its private financing arm, has $4 billion to invest in expanding existing production plants or building new ones, including in developed countries, but needs more data on where current production is headed, he said.

“We are eager to be investing in new capacity, but it’s hard to do because you don’t know how much of the existing capacity is already committed to the various off-takers,” Malpass said in an interview with Reuters. New or expanded plants could be used to produce other types of vaccinations in the future, he said.

The bank’s funds could be used to expand plants in advanced economies, if the production was earmarked for developing nations, he said.

Malpass welcomed Friday’s pledge by the Group of Seven rich countries to intensify cooperation on the pandemic, saying it could help jump-start deliveries of vaccines to poorer countries, which are lagging far behind rich countries in getting shots in arms.

Data compiled by Our World In Data, a scientific online publication, showed Israel was leading the world in COVID-19 vaccinations, with nearly 82 of 100 people vaccinated, while India and Bangladesh reported less than one person per 100, Many African countries have not started at all.

Malpass said he was heartened by news about new vaccines coming down the road, and about Pfizer Inc and BioNTech SE seeking permission to store their vaccine at higher temperatures, which would ease another obstacle to deliveries in lower-income countries.

(Reporting by Andrea Shalal; Editing by Heather Timmons and Leslie Adler)

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Google to evaluate executive performance on diversity, inclusion

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Google to evaluate executive performance on diversity, inclusion 3

By Paresh Dave

(Reuters) – Alphabet Inc’s Google will evaluate the performance of its vice presidents and above on team diversity and inclusion starting this year, the company said on Friday in one of several responses to concerns about its treatment of a Black scientist.

Timnit Gebru, co-leader of Google’s ethical artificial intelligence research team, said in December that Google abruptly fired her after she criticized its diversity efforts and threatened to resign.

Alphabet and Google Chief Executive Sundar Pichai ordered a review of the situation. While Google declined to share specific findings, the company announced on Friday it will engage human resources specialists during sensitive employee departures.

Pichai in June said that by 2025, Google aims to have 30% more of its leaders come from underrepresented groups, with a focus on Black, Latinx and Native American leaders in the United States and female technical leaders globally. About 96% of Google’s U.S. leaders at the time were white or Asian, and 73% globally were men.

As a result of the investigation, the company also expanded a commitment announced in June to devote more resources to retaining and promoting existing employees, including by expanding a team addressing disputes among workers and their managers.

The diversity component of executive performance reviews was not previously announced, and the company did not immediately share details about what would be measured and how pay would be affected.

Alphabet for years had rejected proposals from shareholders and employees to set diversity goals and tie executive pay to them.

Irene Knapp, a former Google employee who advocated for one such proposal at a 2018 shareholder meeting, said on Friday, “I am pleased that they met our demand from 2018, which was a bare minimum that should have been easy to do immediately.”

Evaluating managers on diversity goals is becoming more commonplace. McDonald’s Corp on Thursday tied executive bonuses to diversity.

(Reporting by Paresh Dave; Editing by Cynthia Osterman)

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