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Pure Storage Named a Leader for Fourth Consecutive Year in the 2024 Gartner® Magic Quadrant™ for File and Object Storage Platforms

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SANTA CLARA, Calif., Oct. 11, 2024 /PRNewswire/ — Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world’s most advanced data storage technology and services, today announced it has been positioned by Gartner® as a Leader in the Magic Quadrant™ for File and Object Storage Platforms for both its Completeness of Vision and Ability to Execute, in the rapidly growing storage market for unstructured data.

Industry Significance:

The proliferation of technologies and emerging trends like AI, analytics, and the Internet of Things has driven a surge in file and object data. Traditional storage solutions, particularly legacy file systems, have become increasingly complex, adding rigidity and risk. This complexity is further exacerbated by rising cyberthreats and energy consumption concerns. Focusing on single-purpose, siloed solutions has left organizations struggling to meet the dynamic demands of modern workloads, resulting in inefficiencies and outdated refresh cycles.

To navigate these challenges, organizations require a storage platform that delivers all-flash performance, scalability, and operational simplicity, while also addressing security vulnerabilities and minimizing energy usage.

Platform Momentum:

With unmatched agility and risk reduction, Pure Storage delivers a simple and consistent unified storage platform and flexible as-a-service experience for the broadest range of use cases – from on-premises to the public cloud to hosted environments. Central to the platform, the often imitated but never duplicated Evergreen® architecture ensures continuous, non-disruptive upgrades, enabling enterprises to quickly adapt in today’s dynamic business landscape. With the industry’s most comprehensive set of concurrent SLAs, customers get the reliability, performance, and energy efficiency required to modernize their businesses.

The Pure Storage Platform empowers enterprises to harness the full value of their file and object data, ensuring agility and resilience in adapting to the evolving demands of business modernization:

Efficient, Reliable, Consistent Platform: Built to handle exponential data growth with industry-leading energy efficiency, the Pure Storage Platform consumes up to 5x less energy and rack space, and up to 95% less e-waste than hard disk-based systems. Supported by Pure Storage’s Evergreen subscription services, Pure Storage is a flexible, scalable platform that evolves over time to meet customer needs. At an acquisition cost competitive with disk and much lower operational costs, Pure Storage’s vision of an all-flash data center is a reality.Introduction of Real-Time Enterprise File: The Pure Storage Platform, with Real-time Enterprise File, delivers a file services experience that changes, adapts, and reconfigures – dynamically and in real time – to meet the demands of modern applications. Delivering cloud-like efficiency with a global storage pool that intelligently resizes and tiers on demand, its single-layer architecture simplifies management, reduces costs, and minimizes cyber threats, allowing IT teams to focus on higher-value tasks. With a unified management plane, Pure ensures an effortless storage experience that evolves with business needs and provides non-disruptive upgrades through Evergreen architecture.Support for Cost-Sensitive Workloads: With the new FlashBlade//S100, an AI-ready platform with GPUDirect support which brings progressive pricing across all price points and markets. It features a scale-out architecture designed for entry-level enterprise use cases, including AI, compliance, content sharing, image repositories, IoT, Edge, and ROBO applications.AI-Powered Anomaly Detection: The Pure Storage Platform enables organizations to discover threats, unusual activity, malicious behavior, and Denial of Service attacks via performance anomalies. Built on machine learning models running to identify unusual anomalous behavior, Pure Storage enables customers to analyze their environments with historical data for anomalous patterns based on heuristics of performance as well as user context on how storage is used. Leveraging this capability, customers can identify the last known good snapshot copy to mitigate operational impact by quickly identifying recovery point targets to restore data, reducing risk and guesswork.Cyber Recovery and Resilience SLA: Building on the first-of-its-kind ransomware recovery SLA, Evergreen//One™ now includes disaster recovery scenarios. The expanded SLA delivers a customized recovery plan, ships clean service infrastructure within a defined SLA, provides onsite installation, and supplies additional professional services for data transfer. In addition, Pure Storage will collaborate with organizations to build and maintain a comprehensive cybersecurity strategy.

Customer Experience:

As of October 11, 2024, Pure Storage has an Overall Rating of 4.7 out of 5 in the Primary Storage Platforms market, with 96% of reviewers willing to recommend, based on 241 reviews on Gartner Peer Insights™. Hear from our customers:

“We have loved working with Pure. They have been very reliable and performant. The customer service that they provide is amazing and we see them continuing to do better year after year. We have now been with them for years and they still seem to surprise us by how good they can be.” ($3B$10B USD Healthcare & Biotech Company Review)”Pure Storage is truly built with the customer in mind. The simplicity of their purchasing process to implementation to administration is a joy compared to their competitors.” ($10B$30B USD Software Company Review)”The customer experience is exceptional with Pure Storage. Lights years ahead of the competition.” ($10B$30B USD Banking Company Review)

Executive Insight:

“Pure Storage addresses all of our customers’ diverse data needs, particularly as they navigate the complexities of modern file and object data.  As unstructured data continues to grow exponentially, Pure Storage Purity enables enterprises to effortlessly harness and manage this data with unmatched performance and scalability, operational simplicity, and risk reduction. With our integrated software architecture, Evergreen and Pure Fusion, customers can drive efficient, resilient modernization, ensuring they stay ahead in an increasingly data-driven world.”  – Charles Giancarlo, Chief Executive Officer, Pure Storage 

About Gartner Magic Quadrant
Magic Quadrant™ reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables organizations to get the most from market analysis in alignment with their unique business and technology needs.

To learn more, access the full 2024 Gartner Magic Quadrant for File and Object Storage Platforms report on Pure Storage’s website.

Analyst Recognition:
A Leader in the 2024 Gartner Magic Quadrant for Primary Storage Platforms
A Leader in the 2024 Gartner Magic Quadrant for File & Object Storage Platforms

Gartner Disclaimer
Gartner, Magic Quadrant for File and Object Storage Platforms, Jeff Vogel, Chandra Mukhyala, Julie Palmer 9 October 2024. Magic Quadrant for File and Object Storage Platforms was previously known as Magic Quadrant for Distributed File Systems and Object Storage from 2014 to 2023.

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

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Pure Storage
Pure Storage (NYSE: PSTG) delivers the industry’s most advanced data storage platform to store, manage, and protect the world’s data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It’s easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com.

Pure Storage, the Pure Storage P Logo, Pure Fusion, Evergreen, Evergreen//One and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks. Other names may be trademarks of their respective owners.

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SOURCE Pure Storage

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X3 Holdings Receives Extension to Regain Compliance with the Nasdaq’s Minimum Bid Price Requirement

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SINGAPORE, Oct. 11, 2024 /PRNewswire/ — X3 Holdings Co., Ltd. (Nasdaq: XTKG) (the “Company” or “XTKG”), a global provider of digital solutions and technology services spanning diverse industries, today announced that it has received an extension of 180 calendar days from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) to regain compliance with the Nasdaq’s minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the “Bid Price Requirement”). As a result of the extension, the Company has until April 7, 2025, to regain compliance with the Bid Price Requirement. To regain compliance, the closing bid price of the Company’s ordinary shares must be at least US$1.00 for a minimum of 10 consecutive business days prior to April 7, 2025. Nasdaq would then provide a written confirmation of compliance and the matter will be closed.

To address this issue, the Company intends to continuously monitor its closing bid price and to effectuate a reverse stock split, subject to the shareholders’ approval at the annual general meeting, which will be convened on November 4, 2024. Upon the approval and completion of the reverse stock spilt, the Company expects that it will countervail the short-term adverse effects on its trading price and cure the deficiency in due time as well as regain compliance with the Bid Price Requirement.

The receipt of the extension period has no immediate effect on the listing or trading of the Company’s business operations or the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on the Nasdaq under the ticker “XTKG”.

About X3 Holdings

X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider of digital solutions and technology services spanning diverse industries. The Company is operating across diversified business segments in digital technologies, cryptomining operations, renewable energy and agriculture technologies. X3 Holdings is headquartered in Singapore with subsidiaries and operations globally. For additional information, please visit www.x3holdings.com

Safe Harbor Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements include, among others, statements regarding the Company’s plans to regain compliance with the minimum bid price requirement. The Company’s actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company’s business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Corporate Investor Relations
Email: ir@x3holdings.com
Website: www.x3holdings.com 

 

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SOURCE X3 Holdings Co., Ltd.

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LivePerson Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

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NEW YORK, Oct. 11, 2024 /PRNewswire/ — LivePerson, Inc. (Nasdaq: LPSN) is providing confirmatory notice, in compliance with the requirements of Nasdaq Listing Rule 5635(c)(4), of recent grants of equity-based incentive awards that LivePerson made under the LivePerson Inc. 2018 Inducement Plan (the “Inducement Plan”).

LivePerson established the Inducement Plan for the purpose of providing equity-based incentive awards to new hires and has done so during active periods of hiring.  In September 2024, LivePerson granted an award of restricted stock units (“RSUs”) to one employee in respect of 305,603 shares of LivePerson’s common stock, in replacement of a grant previously reported in May 2024 as 268,588 shares of LivePerson’s common stock. The RSUs all vest after six months.

All of the RSU grants are subject to the grantee’s continued employment on the scheduled vesting date. Each award granted under the Inducement Plan was granted as an inducement material to the grantee’s entering into employment with the Company.

About LivePerson, Inc.

LivePerson (NASDAQ: LPSN) is the enterprise leader in digital-first customer conversations. The world’s leading brands — including HSBC, Chipotle, and Virgin Media — use our award-winning Conversational Cloud platform to connect with millions of consumers. We power nearly a billion conversational interactions every month, providing a uniquely rich data set and AI-powered solutions to accelerate contact center transformation, supercharge agent productivity, and deliver more personalized customer experiences. Fast Company named us the #1 Most Innovative AI Company in the world. To talk with us or our AI, please visit liveperson.com.

Investor Contact:

ir-lp@liveperson.com

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SOURCE LivePerson, Inc.

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Enclustra’s Coin-Sized FPGA Solution – Pluto XZU20 Wins Best in Show Award at Embedded World North America

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AUSTIN, Texas, Oct. 11, 2024 /PRNewswire/ — Enclustra’s Tiny Titan Pluto XZU20 System-on-Module (SoM) has been awarded Best in Show at Embedded World North America by Embedded Computing Design (ECD), a division of OpenSystems Media. The Pluto XZU20 won in the Development Tools & Operating Systems category, recognized for its innovative design and impact on the embedded systems industry.

Measuring just 30 x 30mm, the coin-sized Pluto XZU20 is powered by the AMD Zynq™ UltraScale+™ MPSoC, offering impressive performance in a compact form factor. This SoM accelerates low-power applications in industries like industrial automation, healthcare, medical, vision, and security. Its processing power and portability make it perfect for tasks such as real-time video processing in medical smart devices, AI applications, drones, and environmental monitoring.

“For a first-time event, we were astounded by the number of entries we received,” said Rich Nass, EVP, Open Systems Media. “And just as astonishing was the quality of the products entered. There were no “me-too” entries. It’s an honor to award these companies and their design teams for their exemplary work and technical innovation.”

Phillip Bächtold, CEO of Enclustra, expressed his enthusiasm: “This award validates our commitment to providing our customers with the best possible FPGA solutions and our continuous efforts in research and development.”

The Pluto XZU20’s innovative design was judged based on ECD’s rigorous 15-point rubric, which assesses design excellence, relative performance, and market impact/disruption. 
To help manufacturers explore its unique features, Enclustra offers an Early Access Program for the Pluto XZU20. 

About OpenSystems Media
For more than 40 years, OpenSystems Media (OSM) has focused solely on the embedded computing engineering community across the AI, automotive, IoT, industrial, consumer, aerospace, defense, and transportation markets. OSM’s mission is to promote the development and use of open standards and new technologies in the embedded computing industry globally. Learn more at embeddedcomputing.com.

About Enclustra GmbH
Based in Zurich, with subsidies in Germany, the US, and China, Enclustra is a one-stop shop for everything FPGA – offering design and development services covering the entire spectrum of FPGA-based system development: high-speed hardware or HDL firmware to embedded software, system design, specification and implementation, and prototyping. And soon, Enclustra will be manufacturing “Made in the USA” FPGA products. To learn more, visit www.enclustra.com                                                                                      

CONTACT:                 
Ryan Bowling
+1 650 245 7945
ryan@thrillcommunications.com

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SOURCE Enclustra GmbH

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