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SONICWALL, INGRAM MICRO CELEBRATE 25-YEAR ANNIVERSARY WITH RECORD YEAR-TO-DATE REVENUE

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SONICWALL, INGRAM MICRO CELEBRATE 25-YEAR ANNIVERSARY WITH RECORD YEAR-TO-DATE REVENUE

Joint Focus leads to more than 50 Percent Growth in SonicWall’s SMB Channel Revenue with Ingram Micro

SonicWall, the trusted security partner protecting more than 1 million networks worldwide, is proud to cap the first year as an independent company by celebrating a 25-year anniversary with go-to-market distributor Ingram Micro Inc. The strategic alliance has led to record revenue through the 2018 fiscal third quarter and resulted in SonicWall earning the 2017 Ingram Micro U.S. SMB Partner of the Year.

“It’s not often you’re able to experience a successful, collaborative and customer-centric relationship for more than 25 years, but that’s what makes working with Ingram Micro so special,” said SonicWall SVP and Chief Revenue Officer Steve Pataky. “As one of our first distributors, Ingram Micro is a pivotal component for how we do business. It’s the blueprint for how business relationships should grow, and we couldn’t be prouder to work alongside Ingram Micro.”

SonicWall, whose business is driven 100 percent by the channel, increased its small- and medium-sized business (SMB) sales through Ingram Micro by more than 50 percent in 2017 alone. This growth was driven by thousands of transacting SonicWall partners. Ingram Micro also added SonicWall’s Security as a Service (SECaaS) offering to their portfolio, driving another flood of unique transacting partners in the first half of 2017 alone.

“SonicWall is engaged at all levels throughout our organisation and under Pataky’s leadership has pushed its channel excellence to new heights,” said Ingram Micro Vice President, Security Business Unit, Advanced Solutions, Eric Kohl. “The SonicWall teams truly care about the channel and the customers they serve and that aligns with how we do business. SonicWall’s dedication to product innovation, customer-focused service and engaged support are critical and core to their continued success.”

For its continued investment, channel commitment and performance in the SMB space, including the SECaaS offering, SonicWall was named the 2017 Ingram Micro U.S. SMB Partner of the Year. The award was presented at the Ingram Micro Experience 2018 event held in Anaheim, Calif. The annual event focuses on the importance of delivering an exceptional customer experience.

“SMBs worldwide stand to benefit from reliable, predictable and powerful managed IT security solutions,” said Kohl. “SonicWall’s move to deliver enterprise-grade security with innovative pricing models has resulted in a growing pipeline of opportunity for our mutual channel partners and a record year for SonicWall and Ingram Micro.”

Since separating from Dell in November 2016, SonicWall has galvanised the partner community, which has grown to more than 20,000 members worldwide. This year’s effort was complemented by the launch of the SecureFirst partner program and SonicWall University, where more than 100,000 curricula assessments have been completed by partners to date. Each were followed by the launch of the new Partner Enabled Services Program in November 2017, which helps empower partners to deliver professional services to their customer base.

Pataky, who drove this rejuvenation of the SonicWall partner community, was awarded the 2018 Channelnomics Innovation Award (CIA) for Security Channel Chief on Nov. 27.

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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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