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Snowflake Makes Enterprise Data AI-Ready With Snowflake Postgres and Advanced Innovations for Open Data Interoperability
Businesswire· 2026-02-03 08:01
wordmmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1 Partnership to Bring Enterprise-Ready AI to the World's Most Trusted Data PlatformNo-Headquarters/BOZEMAN, Mont.--([BUSINESS WIRE])--Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced a new collaboration with OpenAI that enables global enterprises to unlock greater value from their proprietary data with AI. This multi-year, $200 million partnership agreement cements Sno ...
Why Commvault (CVLT) Stock Is Trending Overnight? - CommVault Systems (NASDAQ:CVLT), Alphabet (NASDAQ:GOOG)
Benzinga· 2026-01-28 02:37
Commvault Systems Inc. (NASDAQ:CVLT) shares are trending on Wednesday.Shares of the New Jersey–based data management and cyber resilience company rose 0.15% to $89.26 in after-hours trading on Tuesday following the company's fiscal third-quarter earnings announcement.According to Benzinga Pro data, the stock closed the regular session at $89.13, down 31.10%.Q3 Results Show 19% Revenue GrowthOn Tuesday, Commvault reported total revenue of $314 million for the quarter ended Dec. 31, 2025, up 19% year over yea ...
Commvault Launches Unified Data Vault - Giving Cloud Developers an Easy and Unified Way to Bring Resilience to S3 Data
Prnewswire· 2026-01-13 13:30
Core Insights - Commvault has launched the Cloud Unified Data Vault, a cloud-native service designed to enhance data protection for S3-based application and AI data, providing a unified, policy-driven protection framework for enterprise resilience [1][4] Group 1: Product Features - The Unified Data Vault offers a secure, Commvault-managed S3-compatible endpoint that allows organizations to apply immutable protection to modern workloads without the need for agents or new data management silos [1][3] - It automates enterprise protection by providing immutability, encryption, deduplication, and retention controls as soon as backups are written [8] - The service integrates seamlessly with native S3 workflows and APIs, facilitating frictionless DevOps automation for developers [8] Group 2: Market Context - Many developers currently use S3 for exporting backups, but these backups often lack consistent retention and lifecycle control, leading to compliance risks and recovery delays [2] - The introduction of Unified Data Vault addresses these issues by enabling a straightforward transition of S3-compatible backups into Commvault-managed, air-gapped storage [2][4] Group 3: Availability and Partnerships - Commvault Cloud Unified Data Vault is available through Early Access, with general availability expected in spring 2026 [5] - The service will also be accessible through Commvault's partner ecosystem, allowing managed service providers and resellers to extend Commvault Cloud to new S3-native workloads [5]
Informatica Named a Leader in 2026 Gartner® Magic Quadrant™ for Data & Analytics Governance Platforms
Businesswire· 2026-01-09 16:45
Core Insights - Informatica from Salesforce has been recognized as a Leader in the Gartner® Magic Quadrant™ for Data and Analytics Governance Platforms, highlighting its strong position in the market [1] Company Evaluation - The evaluation by Gartner was based on criteria assessing the company's overall Completeness of Vision and Ability to Execute, indicating a comprehensive analysis of Informatica's capabilities [1] - To qualify for inclusion in the Gartner evaluation, Data & Analytics Governance platforms must meet specific requirements that span across general criteria [1]
Flow Capital Announces US$3.0M Follow-On Investment in Congruity 360
Globenewswire· 2025-12-22 12:15
Core Insights - Flow Capital Corp. has made a follow-on investment of $3.0 million in Congruity 360, increasing its total investment to $8.0 million, indicating strong confidence in Congruity's potential and market position [1][2]. Group 1: Investment Details - The recent investment is part of a larger equity financing round aimed at supporting Congruity 360, a company specializing in unstructured data management and risk mitigation solutions [1]. - Flow Capital's total investment in Congruity 360 now stands at $8.0 million, reflecting the company's belief in Congruity's team and long-term growth trajectory [2]. Group 2: Company Overview - Congruity 360 offers a unique data management solution, Classify360, which is designed for easy implementation and rapid data analysis at a petabyte scale [3]. - Flow Capital Corp. provides flexible growth capital and alternative debt solutions for high-growth companies, focusing on revenue-generating, VC-backed, and founder-owned businesses seeking $2 to $10 million in funding [4].
Quantum Receives Shareholder Approval to Exchange Outstanding Term Debt for Senior Secured Convertible Notes
Businesswire· 2025-12-17 21:05
Core Viewpoint - Quantum Corporation has successfully approved a strategic debt exchange that will significantly strengthen its balance sheet by eliminating approximately 50% of its outstanding term loan debt, equating to a total of $140 million in debt reduction since its peak in 2020 [2]. Group 1: Debt Exchange Details - The company will issue senior secured convertible notes to Dialectic Technology SPV LLC in exchange for about $55 million of term debt [1]. - The convertible notes will mature on the third anniversary of the closing and carry an interest rate of 10% per annum, payable in kind and compounded annually [2]. - The initial conversion price of the convertible notes is set at $10.00 per share, with adjustments possible for stock splits and other events, but not below $4.00 per share [2]. Group 2: Financial Position and Strategy - The debt exchange is part of the company's commitment to enhance its financial position and liquidity, allowing for greater operational flexibility and innovation in AI-driven data management solutions [2]. - The company aims to deliver long-term shareholder value through this strategic move [2]. Group 3: Company Overview - Quantum Corporation specializes in end-to-end data management solutions tailored for the AI era, leveraging over four decades of experience [3]. - The company serves various sectors, including life sciences, government, media and entertainment, research, and industrial technology, focusing on maximizing the value of unstructured data [3].
Pure Storage Stock Primed For A Short-Term Bounce
Forbes· 2025-12-17 20:46
Core Insights - Pure Storage (PSTG) has experienced a significant decline since reaching a record high of $100.45 on November 3, with a notable drop of 27.3% following its earnings report on December 3, currently trading at $66.54, approximately 33% below its peak [1] Technical Analysis - The stock is currently supported by its 180-day moving average, which is helping to limit losses [2] - PSTG is within 3% of its 12-month moving average, having closed above this trendline for the past five months. Historically, this signal has led to a higher stock price one month later 80% of the time, with an average gain of 7%. Three months post-signal, the average gain is 25.8%, with 60% of returns being positive [2] Options Market - Options appear to be a favorable strategy for PSTG, as the stock is showing a short-term bullish signal. The current premiums are attractively priced, indicated by a Schaeffer's Volatility Index (SVI) of 45%, which is in the low 17th percentile of its annual range, suggesting low volatility expectations from options traders [4]
I developed AI at IBM. Here's how to not become intellectually dependent on tools.
Business Insider· 2025-12-16 09:57
Core Insights - The conversation highlights the growing concern of codependency on AI in the workforce and emphasizes the importance of preparing employees to effectively integrate AI into their work without losing critical thinking skills [2][3]. Group 1: AI Integration in Workforce - Companies are increasingly deploying AI tools, with the speaker having over 200 deployments in the last 15 years [1]. - The focus is on educating the workforce to use AI and automation to enhance productivity rather than replace human roles [3]. - There is a need to ensure that AI tools are used to accelerate work processes while maintaining individual cognitive engagement [9]. Group 2: Risks of Over-Reliance on AI - Intellectual atrophy is a significant risk, where individuals may lose critical thinking abilities by outsourcing their cognitive tasks to technology [7]. - The prevalence of AI-generated content raises concerns about the quality and originality of work, necessitating the development of discernment skills to differentiate valuable information from noise [12][13]. - Companies must be cautious of diminishing returns from AI, emphasizing the importance of problem-solving skills and the need to validate AI outputs [14]. Group 3: Practical Applications and Limitations - AI can be utilized for initial drafts or data processing, but it should not replace the research and verification processes essential for quality work [14][16]. - A case study illustrates that reliance on AI can lead to shortcuts in research, resulting in less thorough work, highlighting the need for a balanced approach to AI usage [15][16]. - Companies should mandate that employees use AI as a facilitator rather than a replacement for their unique contributions and critical thinking [16].
Tropare Secures Major Victory in Dispute With Dun & Bradstreet; New Jersey Superior Court Grants Tropare's Motion for Summary Judgment on Breach of Contract Claim
Businesswire· 2025-12-12 16:34
Core Viewpoint - Tropare, Inc. has achieved a legal victory against Dun & Bradstreet, Inc. in a lawsuit concerning the misappropriation of Tropare's confidential data, with the Superior Court of New Jersey granting a Motion for Partial Summary Judgment [1] Company Summary - Tropare, Inc. is identified as a leading provider of data management solutions [1] - The litigation involves Dun & Bradstreet, Inc., which is now a portfolio company of Clearlake Capital Group, L.P. [1] Legal Outcome - The Superior Court of New Jersey, Essex County (Law Division) granted Tropare's Motion for Partial Summary Judgment on December 9, 2025 [1] - The lawsuit centers around the allegation of misappropriation of Tropare's confidential information by D&B [1]
Informatica Named a Leader in 2025 Gartner® Magic Quadrant™ for Data Integration Tools for 20 Consecutive Years
Businesswire· 2025-12-11 16:45
Core Insights - Informatica from Salesforce has been recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for Data Integration Tools report [1] - The company has been positioned as the furthest on the Completeness of Vision axis for the 12th consecutive year by Gartner [1] - Gartner predicts that by 2027, AI assistants and AI-enhanced workflows will play a significant role in data integration [1]