Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.
Progress announced 10 years of partnership with emt Distribution — a leading cybersecurity distributor in the Middle East and Africa.
Together, they have empowered hundreds of organizations across the region, spanning sectors such as government, finance, oil and gas and education, to strengthen their security and IT infrastructure.
“emt Distribution’s deep understanding of the Middle East market and their customer-centric approach resonate with our own values, forming the bedrock of our successful partnership,” stated Phil Dunlop, Vice President of Channels & Alliances, Progress. “We eagerly anticipate further collaboration, empowering customers to enhance their infrastructure management, especially in an era of escalating threats where downtime translates to financial losses and reputational damage.”
According to a recent forecast by Gartner, the Middle East region is projected to experience a 15% annual growth in cybersecurity spending over the next few years. This surge is driven by factors like digital transformation, cloud adoption and regulatory efforts to combat evolving cyber threats. Organizations are increasingly investing in robust infrastructure management solutions, including network observability, load balancing and continuous compliance, to enhance application performance, availability and resilience while safeguarding against potential issues and cyber risks.
Through the partnership between Progress and emt Distribution, organizations gain access to products within the Progress Infrastructure Management and Digital Experience portfolios, including:
■ Progress® Flowmon®: Network observability platform with AI-powered detection for cyberthreats, anomalies and fast access to actionable insights for greater network and application performance across hybrid cloud ecosystems.
■ Progress® Kemp® LoadMaster®: Reliable, scalable application load balancing with layered security, available as virtual, hardware and cloud-native, with powerful SaaS management.
■ Progress® WhatsUp® Gold: IT infrastructure monitoring software providing visibility into network devices, servers, virtual machines, cloud and wireless environments to quickly find and fix network problems before users are impacted.
■ Progress® Chef®: Automation software for continuous compliance and delivery of critical applications and infrastructure.
■ Progress® MOVEit®: Managed file transfer and automation software that helps customers secure sensitive files at rest and in transit, promotes reliable business processes and supports compliance with data security requirements.
“Progress’ continued foray into technology in the Middle East and Africa and worldwide has inspired us to focus on yearly growth in the region. Their customer-first approach and stable technology advancement year-on-year has ensured a great partnership for mutual growth not just in product adoption but in partner management, brand awareness and regional custom offerings,” said Nandini Sapru, Vice President, emt Distribution. “We are excited to enter the second decade of our partnership where we expect many more chances to grow and build regional offerings within the infrastructure management and cyber security space.”
Industry News
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, has announced significant momentum around cloud native training and certifications with the addition of three new project-centric certifications and a series of new Platform Engineering-specific certifications:
Red Hat announced the latest version of Red Hat OpenShift AI, its artificial intelligence (AI) and machine learning (ML) platform built on Red Hat OpenShift that enables enterprises to create and deliver AI-enabled applications at scale across the hybrid cloud.
Salesforce announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale.
OpenText™ unveiled Cloud Editions (CE) 24.4, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work.
Red Hat announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade developer portal based on the Backstage project.
Pegasystems announced the availability of new AI-driven legacy discovery capabilities in Pega GenAI Blueprint™ to accelerate the daunting task of modernizing legacy systems that hold organizations back.
Tricentis launched enhanced cloud capabilities for its flagship solution, Tricentis Tosca, bringing enterprise-ready end-to-end test automation to the cloud.
Rafay Systems announced new platform advancements that help enterprises and GPU cloud providers deliver developer-friendly consumption workflows for GPU infrastructure.
Apiiro introduced Code-to-Runtime, a new capability using Apiiro’s deep code analysis (DCA) technology to map software architecture and trace all types of software components including APIs, open source software (OSS), and containers to code owners while enriching it with business impact.
Zesty announced the launch of Kompass, its automated Kubernetes optimization platform.
MacStadium announced the launch of Orka Engine, the latest addition to its Orka product line.
Elastic announced its AI ecosystem to help enterprise developers accelerate building and deploying their Retrieval Augmented Generation (RAG) applications.
Red Hat introduced new capabilities and enhancements for Red Hat OpenShift, a hybrid cloud application platform powered by Kubernetes, as well as the technology preview of Red Hat OpenShift Lightspeed.
Traefik Labs announced API Sandbox as a Service to streamline and accelerate mock API development, and Traefik Proxy v3.2.