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Scale Computing Reports Record Q3 Results with 60% YoY Growth, Outperforms Targets

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Growth Accelerates as Demand for SC//Platform Surges Among Customers and Partners Seeking VMware Alternatives and Edge Computing Solutions

INDIANAPOLIS, Oct. 22, 2024 /PRNewswire/ — Scale Computing, a market leader in edge computing, virtualization, and hyperconverged solutions, today announced record growth for the third quarter of 2024. The company saw an increase in software sales of over 60 percent year over year (YoY), more than doubling its number of new customers over the same period last year. The increased demand for both VMware alternative virtualization platforms and edge computing solutions continues to drive record company growth.

“Edge computing is driving IT transformation; AI is accelerating edge computing adoption; and both channel partners and customers are hungry to move on from VMware as they make this next leap forward. Scale Computing Platform’s unmatched capabilities and ecosystem partners empower distributed enterprises anywhere in the world and across all verticals to embrace the future of edge computing, driving efficiency, compliance, and profitability,” said Jeff Ready, CEO and co-founder of Scale Computing. “Each quarter this year, we have experienced record demand and an accelerating growth rate, which now exceeds even our highest growth forecasts. With no sign of slowing down, we’re welcoming record numbers of new customers and new partners who will continue to drive growth into 2025 and beyond.”

The company continues to expand in key vertical markets, including the retail industry. Scale Computing recently announced new edge computing customer Royal Farms, operator of fast and friendly neighborhood convenience stores with 260 locations throughout Maryland, Delaware, Virginia, Pennsylvania, West Virginia, and New Jersey. The company is transforming the landscape of IT infrastructure in the retail sector by delivering a single platform for unparalleled performance, reliability, and ease of use for the deployment, management, and growth of on-premises applications like POS, IoT, pump monitoring, video surveillance, and customer experience.

In Q3, Scale Computing released Scale Computing Migrate (SC//Migrate), a new solution designed to streamline and simplify the migration process for businesses transitioning away from VMware. The company also offers an SC//Migrate Quickstart Service with expert support to further assist in the migration process. Additionally, Scale Computing unveiled its Total Cost of Ownership (TCO) Calculator tool, a free online tool for estimating the cost savings customers can achieve across specific technology categories and server models by migrating application workloads to Scale Computing Platform (SC//Platform). TCO calculation enables customers to evaluate purchasing decisions based on the comprehensive costs of owning and operating IT infrastructure over its lifecycle or other set periods of time. The company also introduced HC3450FG, new GPU-enabled hardware for data-intensive applications and AI workloads.

Other key Q3 2024 awards, recognitions, and partnerships include:

CRN recognized Scale Computing with CRN 2024 Annual Report Card (ARC) Award for the sixth consecutive year.Scale Computing recognized as a Top 5 VMware vSphere Alternative by the Data Center Intelligence Group.CRN recognized Jeff Ready and Scott Mann on its 2024 Top 100 Executives List, with Ready named the number one IT Innovator.CRN named Scale Computing’s Autonomous Infrastructure Management Engine (AIME) a finalist in the 2024 Tech Innovator Awards in Edge Computing/Internet of Things category.Gartner recognized Scale Computing as a Sample Vendor in the 2024 Gartner® Hype Cycle™ for Data Center Infrastructure Technologies.Scale Computing and Leostream Corporation announced a joint integration delivering virtual desktop infrastructure (VDI) for distributed enterprise, SME/SMB, education, and others.Scale Computing announced a partnership with WiCom Networks to deliver a VMware alternative solution to Latin American IT Markets.The Channel Company named Scale Computing to its 2024 MES Midmarket 100 list.Scale Computing was named a finalist in CRN’s 2024 Deutschland Channel Awards.CRN named Marlena Fernandez a finalist in its Women of the Year Awards.

For more information about Scale Computing, please visit scalecomputing.com.

About Scale Computing
Scale Computing is a leader in edge computing, virtualization, and hyperconverged solutions. Using patented HyperCore™ technology, Scale Computing Platform automatically identifies, mitigates, and corrects infrastructure problems in real-time, enabling applications to achieve maximum uptime, even when local IT resources and staff are scarce. Edge Computing is the fastest-growing area of IT infrastructure, and industry analysts have named Scale Computing an outperformer and leader in the space, including being named the #1 edge computing vendor by CRN. Scale Computing’s products are sold by thousands of value-added resellers, integrators, and service providers worldwide. When ease-of-use, high availability, and TCO matter, Scale Computing Platform is the ideal infrastructure platform. Read what our customers have to say on Gartner Peer Insights, G2, and TrustRadius.

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Strengthening Municipal Bond Trading Efficiency: True Market and PIMCO

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DETROIT, Oct. 22, 2024 /PRNewswire/ — True Market, a pioneer of financial technology, today announced a strategic collaboration with PIMCO, a global investment management firm, leveraging True Market’s advanced virtual private ATS technology and Software as a Service (SaaS) solutions.

By integrating True Market’s sophisticated platform-as-a-service (PaaS) solution, PIMCO aims to significantly enhance workflow optimization for municipal bonds in an effort to address the evolving needs of the marketplace.

“PIMCO recognizes the critical importance of performance and workflow optimization and is continually seeking innovative technology to improve efficiency,” said David Hammer, Managing Director and Head of Municipal Bond Portfolio Management at PIMCO. “We are thrilled to partner with True Market, whose solution will help us provide this greater efficiency for municipal bond clients and partners.”

Charles Almond, CEO of True Market, expressed his enthusiasm: “We are delighted to collaborate with PIMCO to enhance their municipal trading operations. This partnership underscores our commitment to helping PIMCO maintain and build upon their leadership in the field.”

Aligning True Market’s innovations solving aggregation of real-time cutting-edge data and liquidity with PIMCO’s objectives sets a new benchmark in financial technology solutions. This partnership emphasizes True Market’s commitment to strengthen asset management practices, which support PIMCO’s key position as a leader in the market.

About True Market
True Market is a forward-thinking player in the financial technology sector, specializing in unified fixed income trading markets and bespoke workflow solutions. With a stronghold in technological advancements, the company continues to drive progress in asset management through industry-leading solutions.

For Information on True Market:

Website:

https://true.market 

Email:

info@truemarketllc.com 

General Phone:

(866) 644-5611

 

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SOURCE True Market

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ActivTrak to Speak on Boosting Productivity and Performance with Workforce Analytics at the 2024 Gartner® ReimagineHR Conference

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AUSTIN, Texas, Oct. 22, 2024 /PRNewswire/ — ActivTrak today announced that Chief Product Officer Javier Aldrete will present a session on workforce analytics at the 2024 Gartner® ReimagineHR Conference, the HR conference for CHROs and their leadership teams, to be held Oct. 28-30 in Orlando.

WHAT:

Theater Session: How to Boost Productivity and Performance with Workforce Analytics

HR leaders face growing questions about the ROI of workforce investments, yet too many don’t have the data to understand and optimize how distributed, digital teams work. In this session, HR leaders will learn how to use workforce analytics to boost employee productivity and engagement, optimize performance, and make informed investment decisions. Real-world case studies will illustrate the impact of data-informed coaching and the integration of people analytics with other business data.

WHO:

Javier Aldrete, Chief Product Officer, ActivTrak        

WHERE:

Gartner ReimagineHR Conference 

WHEN:

Wed., Oct. 30, 2024
10:00 – 10:20 a.m. EDT

CONTACT:

ActivTrak will demo its workforce analytics platform at booth #119.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About the Gartner ReimagineHR Conference 
The Gartner ReimagineHR Conference is the premier event for CHROs and HR leaders to learn from the latest research and Gartner experts covering talent acquisition, diversity, equity and inclusion, learning and development, total rewards, talent analytics, and HR technology. Gartner ReimagineHR will be held October 28-30 in Orlando, Florida. Follow news and updates from these events on Twitter using #GartnerHR.

About ActivTrak
ActivTrak helps organizations improve performance and optimize productivity. Our workforce intelligence platform transforms work activity data into actionable insights, providing the only complete solution with employee monitoring, productivity and performance management, and workforce planning capabilities that deliver measurable ROI. More than 9,500 customers trust ActivTrak’s award-winning technology which has been recognized by the Deloitte Technology Fast 500, Inc. 5000, TrustRadius and G2. ActivTrak is backed by Sapphire Ventures and Elsewhere Partners. To learn more visit: https://www.activtrak.com/.

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SOURCE ActivTrak

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EQT AB hosts Capital Markets Event in New York

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STOCKHOLM, Oct. 22, 2024 /PRNewswire/ — Today, EQT hosts its first Capital Markets Event in New York. In the five years since EQT’s listing on Nasdaq Stockholm, EQT has quadrupled revenues and had a fivefold increase in market cap to USD ~40 billion.

The event will feature presentations by EQT’s CEO Christian Sinding, members of the Executive Committee, the Heads of Private Equity and Infrastructure North America, the Global Head of Real Estate and Client Relations & Capital Raising. Presentations will cover EQT’s long-term growth priorities, thematic investment focus, repeatable approach to value creation, EQT’s view on the future of private markets, and EQT’s US ambitions.

Presentations and Q&A will begin at 10:00 AM ET. The event will conclude with a fireside chat between EQT Founder and Chair Conni Jonsson and Bloomberg TV Anchor Dani Burger followed by lunch. 

The event will be held in person only. A presentation is available on the EQT Group website’s Shareholder Relations tab and a recording will be available after the event. 

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
Mathilde Milch, Communications Director, +1 917 510 66 26

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/eqt/r/eqt-ab-hosts-capital-markets-event-in-new-york,c4054491

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