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Can IBM Power11 Server Redefine Business Application Processes?
Can IBM Power11 Server Redefine Business Application Processes?

Yahoo

time09-07-2025

  • Business
  • Yahoo

Can IBM Power11 Server Redefine Business Application Processes?

International Business Machines Corporation IBM has launched IBM Power11, the next-generation IBM Power server, which offers up to 55% better core performance and up to 45% more capacity compared to its predecessors. The offering facilitates business enterprises to achieve higher resiliency, performance and scalability for seamless hybrid deployment on-premises or in the IBM Cloud. This, in turn, enables firms to reduce complexity, improve workload efficiency and gain hybrid cloud flexibility to maintain competitiveness in the AI advanced technologies like autonomous patching and automated workload movement using generative AI, IBM Power enables planned system maintenance to avoid costly planned downtime and help reduce operational risk. It interoperates with IBM Concert using generative AI to provide actionable insights and automate remediation. This reduces operational costs for patching vulnerabilities through fast response times and higher efficiency for securing all systems, freeing up IT resources and manpower, which then can be used for other productive purposes. In addition, the IBM Power Cyber Vault solution enables guaranteed ransomware threat detection in less than a minute with proactive immutable snapshots that are automatically captured, stored and tested on a custom-defined schedule. Boasting AI-ready infrastructure with built-in, on-chip acceleration, IBM Power also helps scale operations to support mission-critical AI workloads with twice the performance per watt versus comparable x86 servers. Inc.'s AMZN strategic expansion of its Bedrock platform has positioned it as a frontrunner in the enterprise AI race. Amazon Bedrock has emerged as a game-changing, fully managed service that offers enterprises seamless access to high-performing foundation models from leading AI companies. The platform's recent developments, including automated reasoning checks and multi-agent collaboration capabilities, address critical challenges in AI adoption while opening new revenue streams for Amazon's cloud Corporation MSFT is striving to maintain its competitive edge in AI with the introduction of the Agent Store, which creates a new marketplace for AI-powered workplace assistants. The platform already features more than 70 agents and provides developers with monetization opportunities through Microsoft 365 Copilot integration. The Azure AI Foundry application and agent development hub has now been adopted by developers at more than 70,000 enterprises and digital-native companies. Microsoft's Azure AI Agent Service has been utilized by more than 10,000 organizations to build, deploy and scale agents. IBM has surged 63.3% over the past year compared with 4.3% growth for the industry. Image Source: Zacks Investment Research From a valuation standpoint, IBM trades at a forward price-to-sales ratio of 3.98, slightly above the industry. Image Source: Zacks Investment Research The Zacks Consensus Estimate for IBM's earnings for 2025 has remained static over the past 60 days. Image Source: Zacks Investment Research IBM currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

IBM Offers Zero Downtime With Power11
IBM Offers Zero Downtime With Power11

Channel Post MEA

time08-07-2025

  • Business
  • Channel Post MEA

IBM Offers Zero Downtime With Power11

IBM has revealed IBM Power11, the next generation of IBM Power servers. Redesigned with innovations across its processor, hardware architecture, and virtualization software stack, Power11 is designed to deliver the availability, resiliency, performance, and scalability enterprises demand, for seamless hybrid deployment on-premises or in IBM Cloud. Organizations across industries have long run their most mission-critical, data-intensive workloads on IBM Power, most notably those within the banking, healthcare, retail, and government spaces. Now, enterprises face an onslaught of new technologies and solutions as they transition into the age of AI. IDC found that one billion new logical applications are expected by 2028, and the proliferation of these systems poses new complexities for companies. IBM built Power11 to deliver simplified, always-on operations with hybrid cloud flexibility for enterprises to maintain competitiveness in the AI era. Power11 is designed to be the most resilient server in the history of the IBM Power platform, with 99.9999% of uptime. Together with zero planned downtime for system maintenance and less than one-minute guaranteed ransomware threat detection with IBM Power Cyber Vault, Power11 sets a new bar for business continuity, addressing both planned and cyber-incident-related downtime. For the first time ever, the Power11 general availability will simultaneously include high-end, mid-range, and entry servers as well as IBM Power Virtual Server in IBM Cloud. IBM Power Virtual Server offers a fast path to the cloud for Power workloads, and is certified as a hyperscaler platform for RISE with SAP. Power11 will also be the first IBM Power server to support the IBM Spyre Accelerator, IBM's system-on-a-chip available Q4 2025 that is purpose-built for today's AI-intensive inference workloads. Available across IBM's enterprise systems portfolio, including Power11, IBM z17, and LinuxONE 5, Spyre will deliver advanced AI acceleration to help organizations scale AI across hybrid cloud environments. With support for autonomous operations, Power11 delivers intelligent performance gains that reduce complexity and improve workload efficiency. Power11 offers up to 55% better core performance compared to Power9 and has up to 45% more capacity with higher core counts in entry and mid-range systems compared to Power10. This upgraded performance means that with Power11, enterprises are positioned to achieve enhanced flexibility and security, to transform their enterprise processes through automation. With Power11, customers can expect: Zero planned downtime for system maintenance. Power11 provides enterprises with a solution that can avoid costly planned downtime and help reduce operational risk. Through advanced technologies like autonomous patching and automated workload movement, planned system maintenance events can occur without ever taking critical applications offline. This feature can free IT professionals from spending time planning, testing, and executing upgrades to their systems, to focusing on higher-value work and innovation. Furthermore, IBM Power will interoperate with IBM Concert using generative AI to help identify operational risks, provide actionable insights, and automate remediation, starting with security patch management. IBM Technology Lifecycle Services (TLS), IBM's global infrastructure support provider, complements this feature with premium, AI-powered services designed to help proactively monitor system health, reduce downtime, and optimize system reliability and performance. Power11 provides enterprises with a solution that can avoid costly planned downtime and help reduce operational risk. Through advanced technologies like autonomous patching and automated workload movement, planned system maintenance events can occur without ever taking critical applications offline. This feature can free IT professionals from spending time planning, testing, and executing upgrades to their systems, to focusing on higher-value work and innovation. Furthermore, IBM Power will interoperate with IBM Concert using generative AI to help identify operational risks, provide actionable insights, and automate remediation, starting with security patch management. IBM Technology Lifecycle Services (TLS), IBM's global infrastructure support provider, complements this feature with premium, AI-powered services designed to help proactively monitor system health, reduce downtime, and optimize system reliability and performance. Less than one minute ransomware threat detection with IBM Power Cyber Vault. The Power Cyber Vault solution is an integrated cyber resiliency solution following NIST cybersecurity framework to help identify, protect, detect, and automatically respond to cyber threats. Cyber Vault provides protection against cyberattacks such as data corruption and encryption with proactive immutable snapshots that are automatically captured, stored, and tested on a custom-defined schedule. Power11 also uses NIST-approved built-in quantum-safe cryptography designed to help protect systems from harvest-now, decrypt-later attacks as well as firmware integrity attacks. The Power Cyber Vault solution is an integrated cyber resiliency solution following NIST cybersecurity framework to help identify, protect, detect, and automatically respond to cyber threats. Cyber Vault provides protection against cyberattacks such as data corruption and encryption with proactive immutable snapshots that are automatically captured, stored, and tested on a custom-defined schedule. Power11 also uses NIST-approved built-in quantum-safe cryptography designed to help protect systems from harvest-now, decrypt-later attacks as well as firmware integrity attacks. Transformed business processes with AI integration. Power11 delivers AI-ready infrastructure with built-in, on-chip acceleration for inferencing and will be able to scale to support mission-critical AI workloads through the IBM Spyre Accelerator. Combined with Red Hat OpenShift AI and a broad ecosystem of open-source software and toolkits, Power11 is built to provide the flexibility and performance needed to operationalize AI across hybrid environments. To further modernize application development, IBM watsonx Code Assistant for i will help developers extend critical RPG applications for greater ease and productivity. IBM will also make its hybrid, open data lakehouse, available on Power11 by the end of 2025. Power11 delivers AI-ready infrastructure with built-in, on-chip acceleration for inferencing and will be able to scale to support mission-critical AI workloads through the IBM Spyre Accelerator. Combined with Red Hat OpenShift AI and a broad ecosystem of open-source software and toolkits, Power11 is built to provide the flexibility and performance needed to operationalize AI across hybrid environments. To further modernize application development, IBM watsonx Code Assistant for i will help developers extend critical RPG applications for greater ease and productivity. IBM will also make its hybrid, open data lakehouse, available on Power11 by the end of 2025. Efficient IT that saves time and money. Beyond the autonomous processes that support zero planned downtime and IBM Power Cyber Vault, Power11 delivers meaningful efficiency gains across the IT stack. Separately, in terms of energy efficiency, Power11 offers twice the performance per watt versus comparable x86 servers and up to 28 percent better server efficiency with the new Energy Efficient Mode compared to Maximum Performance Mode on Power11. 'IBM Power11 changes the game for enterprise computing,' said Tom McPherson , GM, Power Systems at IBM. 'With Power11, clients can accelerate into the AI era with innovations tailored to their most pressing business needs. We are taking advantage of the full IBM stack to deliver hybrid cloud, AI, and automation capabilities while building on our decades-long reputation as a trustworthy hybrid infrastructure for essential workloads.' 'With just 20 minutes and the help of watsonx Code Assistant for i on Power, I was able to investigate a report, trace the field logic, understand the calculation, and document the issue,' said Jasmine Kaczmarek , VP of Technology at MR Williams. 'What had taken a senior developer six hours the day before, I was able to accomplish 18 times faster. That's truly remarkable when you think about it. This kind of productivity gain is exactly what Power11 is designed for. By empowering developers to modernize core business applications faster and more confidently, AI-augmented tools built into the platform can help increase long-lasting business value.' 'We're committed to helping the people of Florida receive the quality health care they can afford,' said William Allarey, Sr. IT Manager at GuideWell. 'With the new IBM Power11 automation capabilities, we are very interested in faster and more frequent maintenance updates with no planned downtime to keep the servers secure, stable, and current, so our team can focus on delivering benefits and services for better health. In addition, the native AI capabilities and significant system performance gains of the Power11 will allow our company to leverage AI for a clearer and faster claims experience.' 'Temenos' collaboration with IBM has already proven the value of running mission-critical workloads on IBM Power,' said William Moroney , Chief Revenue Officer at Temenos. 'With the launch of Power11, that potential grows even further by bringing an AI-ready infrastructure, zero-downtime resilience, and even greater performance to the financial services industry. We look forward to our continued partnership to help clients modernize their core banking on this built for hybrid cloud platform.' IBM Power11 will be generally available July 25, 2025 . The IBM Spyre Accelerator is expected to be available in Q4 2025.

IBM Power11 Raises the Bar for Enterprise IT
IBM Power11 Raises the Bar for Enterprise IT

Cision Canada

time08-07-2025

  • Business
  • Cision Canada

IBM Power11 Raises the Bar for Enterprise IT

Autonomous, AI-Ready Server Offers Zero Planned Downtime New Innovations Across the Full-Stack – from Silicon to Applications – Deliver Unique Value and Greater Business Continuity , July 8, 2025 /CNW/ -- Today, IBM (NYSE: IBM) revealed IBM Power11, the next generation of IBM ® Power ® servers. Redesigned with innovations across its processor, hardware architecture, and virtualization software stack, Power11 is designed to deliver the availability, resiliency, performance, and scalability enterprises demand, for seamless hybrid deployment on-premises or in IBM Cloud. Organizations across industries have long run their most mission-critical, data-intensive workloads on IBM Power, most notably those within the banking, healthcare, retail, and government spaces. Now, enterprises face an onslaught of new technologies and solutions as they transition into the age of AI. IDC found that one billion new logical applications are expected by 2028, and the proliferation of these systems poses new complexities for companies. 1 IBM built Power11 to deliver simplified, always-on operations with hybrid cloud flexibility for enterprises to maintain competitiveness in the AI era. Power11 is designed to be the most resilient server in the history of the IBM Power platform, with 99.9999% of uptime. 2 Together with zero planned downtime for system maintenance 3 and less than one-minute guaranteed ransomware threat detection with IBM Power Cyber Vault, 4 Power11 sets a new bar for business continuity, addressing both planned and cyber-incident-related downtime. For the first time ever, the Power11 general availability will simultaneously include high-end, mid-range, and entry servers as well as IBM Power Virtual Server in IBM Cloud. IBM Power Virtual Server offers a fast path to the cloud for Power workloads, and is certified as a hyperscaler platform for RISE with SAP. Power11 will also be the first IBM Power server to support the IBM Spyre Accelerator, IBM's system-on-a-chip available Q4 2025 that is purpose-built for today's AI-intensive inference workloads. Available across IBM's enterprise systems portfolio, including Power11, IBM z17, and LinuxONE 5, Spyre will deliver advanced AI acceleration to help organizations scale AI across hybrid cloud environments. With support for autonomous operations, Power11 delivers intelligent performance gains that reduce complexity and improve workload efficiency. Power11 offers up to 55% better core performance compared to Power9 5 and has up to 45% more capacity with higher core counts in entry and mid-range systems compared to Power10. 6 This upgraded performance means that with Power11, enterprises are positioned to achieve enhanced flexibility and security, to transform their enterprise processes through automation. With Power11, customers can expect: Zero planned downtime for system maintenance. Power11 provides enterprises with a solution that can avoid costly planned downtime and help reduce operational risk. Through advanced technologies like autonomous patching and automated workload movement, planned system maintenance events can occur without ever taking critical applications offline. This feature can free IT professionals from spending time planning, testing, and executing upgrades to their systems, to focusing on higher-value work and innovation. Furthermore, IBM Power will interoperate with IBM Concert using generative AI to help identify operational risks, provide actionable insights, and automate remediation, starting with security patch management. IBM Technology Lifecycle Services (TLS), IBM's global infrastructure support provider, complements this feature with premium, AI-powered services designed to help proactively monitor system health, reduce downtime, and optimize system reliability and performance. Less than one minute ransomware threat detection with IBM Power Cyber Vault. The Power Cyber Vault solution is an integrated cyber resiliency solution following NIST cybersecurity framework to help identify, protect, detect, and automatically respond to cyber threats. Cyber Vault provides protection against cyberattacks such as data corruption and encryption with proactive immutable snapshots that are automatically captured, stored, and tested on a custom-defined schedule. Power11 also uses NIST-approved built-in quantum-safe cryptography designed to help protect systems from harvest-now, decrypt-later attacks as well as firmware integrity attacks. Transformed business processes with AI integration. Power11 delivers AI-ready infrastructure with built-in, on-chip acceleration for inferencing and will be able to scale to support mission-critical AI workloads through the IBM Spyre Accelerator. Combined with Red Hat OpenShift AI and a broad ecosystem of open-source software and toolkits, Power11 is built to provide the flexibility and performance needed to operationalize AI across hybrid environments. To further modernize application development, IBM watsonx Code Assistant for i will help developers extend critical RPG applications for greater ease and productivity. IBM will also make its hybrid, open data lakehouse, available on Power11 by the end of 2025. Efficient IT that saves time and money. Beyond the autonomous processes that support zero planned downtime and IBM Power Cyber Vault, Power11 delivers meaningful efficiency gains across the IT stack. Separately, in terms of energy efficiency, Power11 offers twice the performance per watt versus comparable x86 servers 7 and up to 28 percent better server efficiency with the new Energy Efficient Mode compared to Maximum Performance Mode on Power11. 8 "IBM Power11 changes the game for enterprise computing," said Tom McPherson, GM, Power Systems at IBM. "With Power11, clients can accelerate into the AI era with innovations tailored to their most pressing business needs. We are taking advantage of the full IBM stack to deliver hybrid cloud, AI, and automation capabilities while building on our decades-long reputation as a trustworthy hybrid infrastructure for essential workloads." "With just 20 minutes and the help of watsonx Code Assistant for i on Power, I was able to investigate a report, trace the field logic, understand the calculation, and document the issue," said Jasmine Kaczmarek, VP of Technology at MR Williams. "What had taken a senior developer six hours the day before, I was able to accomplish 18 times faster. That's truly remarkable when you think about it. This kind of productivity gain is exactly what Power11 is designed for. By empowering developers to modernize core business applications faster and more confidently, AI-augmented tools built into the platform can help increase long-lasting business value." "We're committed to helping the people of Florida receive the quality health care they can afford," said William Allarey, Sr. IT Manager at GuideWell. "With the new IBM Power11 automation capabilities, we are very interested in faster and more frequent maintenance updates with no planned downtime to keep the servers secure, stable, and current, so our team can focus on delivering benefits and services for better health. In addition, the native AI capabilities and significant system performance gains of the Power11 will allow our company to leverage AI for a clearer and faster claims experience." "Temenos' collaboration with IBM has already proven the value of running mission-critical workloads on IBM Power," said William Moroney, Chief Revenue Officer at Temenos. "With the launch of Power11, that potential grows even further by bringing an AI-ready infrastructure, zero-downtime resilience, and even greater performance to the financial services industry. We look forward to our continued partnership to help clients modernize their core banking on this built for hybrid cloud platform." IBM Power11 will be generally available July 25, 2025. The IBM Spyre™ Accelerator is expected to be available in Q4 2025. To learn more about Power11, visit us here. Statements regarding IBM's future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only. About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Additional sources TLS Blog Partner & Ecosystems Blog Power11 In Depth Blog Media Contact: Ryan Kelly IBM Communications [email protected] Bethany Hill McCarthy IBM Communications [email protected] 1 IDC: 1 Billion New Logical Applications: More Background, (doc #US51953724, April 2024). 2 Based upon unplanned downtime of a single Power E1180 system as calculated in the POWER11 Processor-Based Systems RAS (see section: 99.9999% uptime). 3 Based upon IBM internal testing of system upgrade scenarios; many (i.e. VIOS, hot plug adapters, I/O adapter FW, and concurrent system firmware updates) can be done in- place while some (i.e. non-concurrent system FW and HW maintenance) may require Live Partition Mobility (LPM) support. 4 This guarantee covers only the displaying of an alert in less then one minute. Remediation is in the form of drive replacement up to the cost of the Covered Product. Terms and conditions apply. 5 Based upon IBM internal measurements of a commercial core banking solution running on IBM Power E950 compared to an E1150. 6 Based upon current IBM Power rPerf and CPW estimates for E1150, S1124 and S1122 versus E1050, S1024 and S1022 respectively. 7 Based upon IBM measurements of performance per watt on servers comparing Maximum Performance Mode to Energy-Efficient Mode while running compute-, disk-, and memory-based workloads on Power11 systems with fully configured sockets and memory as follows: E1180 with 4x10c / 64x64GB DDIMM, E1150 with4x16c / 64x32GB DDIMM , S1124 with 2x16c / 32x32GB DDIMM , S1122 with 2x16c / 32x32GB DDI. Energy consumption is based on maximum input power: IBM Power E1050 with maximum power of 5,200 W; HPE Compute Scale Up Server 3200 with maximum power of 4,740 W. 8 Based upon IBM measurements of performance per watt on servers comparing Maximum Performance Mode to Energy-Efficient Mode while running compute-, disk-, and memory-based workloads on Power11 systems with fully configured sockets and memory as follows: E1180 with 4x10c / 64x64GB DDIMM, E1150 with 4x16c / 64x32GB DDIMM, S1124 with 2x16c / 32x32GB DDIMM, S1122 with 2x16c / 32x32GB DDIMM.

Izzi Software Acquires CNX Corporation, Extends Reach into IBM Power Ecosystem
Izzi Software Acquires CNX Corporation, Extends Reach into IBM Power Ecosystem

Yahoo

time07-07-2025

  • Business
  • Yahoo

Izzi Software Acquires CNX Corporation, Extends Reach into IBM Power Ecosystem

Company to expand development and improve support for users of flagship Valence framework MINNEAPOLIS, July 07, 2025--(BUSINESS WIRE)--Izzi Software, a leading provider of innovative enterprise software solutions, is pleased to announce the acquisition of Chicago-based CNX Corporation, a technology company specializing in accelerating app development for users of IBM Power Systems. This strategic move marks a significant milestone for Izzi as it expands its capabilities and offerings into the IBM Power ecosystem. The company launched in 2024 in the IBM Z sphere with the acquisition of Virginia-based ColeSoft. As part of the acquisition, Izzi will grow the CNX team to empower current and future customers to maximize the value of their Valence investment. Richard Milone, Co-founder and Managing Director of CNX Corporation, expressed his enthusiasm about the acquisition, stating, "This acquisition could not have come at a better time because we are at a critical stage in our growth. We have had dozens of new customers over the last few years, and we needed a way to build our team at an accelerated rate to meet the market need. This acquisition will allow us to grow in multiple departments and provide even more value to the IBM Power community." Jennifer Nelson, CEO of Izzi Software, says, "We are thrilled to welcome CNX Corporation into the Izzi Software family. This acquisition not only strengthens our position in the software industry but also marks our entry into the IBM Power ecosystem. CNX Corp is an innovative and growing company with a modern product line that resonates in the Power marketplace, and we look forward to leveraging CNX Corporation's expertise to deliver innovative solutions and enhanced services to our clients." About Izzi Software Izzi Software was founded by experienced M&A experts and is led by a team with deep expertise in the IBM Power and IBM z environments. The company is owned by Big Band Software, which has an impressive track record in buying and running B2B SaaS businesses that are growing and profitable, with ARR in the range of $2M to $10M. About CNX Corporation Headquartered in Chicago and founded in 1996, CNX Corporation develops the Valence Framework, a comprehensive software suite for IBM Power systems. Valence enables businesses to modernize legacy applications and create new applications, with its flagship Nitro App Builder offering a low-code solution for fast, user-friendly development. By allowing developers to build and deploy modernized or new applications much faster, Valence significantly boosts productivity, delivering substantial value to organizations using IBM Power systems. View source version on Contacts Press Contact:Cameron Thomas for Izzi SoftwareCameron@ 416-660-9801

Izzi Software Acquires CNX Corporation, Extends Reach into IBM Power Ecosystem
Izzi Software Acquires CNX Corporation, Extends Reach into IBM Power Ecosystem

Business Wire

time07-07-2025

  • Business
  • Business Wire

Izzi Software Acquires CNX Corporation, Extends Reach into IBM Power Ecosystem

MINNEAPOLIS--(BUSINESS WIRE)-- Izzi Software, a leading provider of innovative enterprise software solutions, is pleased to announce the acquisition of Chicago-based CNX Corporation, a technology company specializing in accelerating app development for users of IBM Power Systems. This strategic move marks a significant milestone for Izzi as it expands its capabilities and offerings into the IBM Power ecosystem. The company launched in 2024 in the IBM Z sphere with the acquisition of Virginia-based ColeSoft. As part of the acquisition, Izzi will grow the CNX team to empower current and future customers to maximize the value of their Valence investment. Richard Milone, Co-founder and Managing Director of CNX Corporation, expressed his enthusiasm about the acquisition, stating, 'This acquisition could not have come at a better time because we are at a critical stage in our growth. We have had dozens of new customers over the last few years, and we needed a way to build our team at an accelerated rate to meet the market need. This acquisition will allow us to grow in multiple departments and provide even more value to the IBM Power community.' Jennifer Nelson, CEO of Izzi Software, says, 'We are thrilled to welcome CNX Corporation into the Izzi Software family. This acquisition not only strengthens our position in the software industry but also marks our entry into the IBM Power ecosystem. CNX Corp is an innovative and growing company with a modern product line that resonates in the Power marketplace, and we look forward to leveraging CNX Corporation's expertise to deliver innovative solutions and enhanced services to our clients.' About Izzi Software Izzi Software was founded by experienced M&A experts and is led by a team with deep expertise in the IBM Power and IBM z environments. The company is owned by Big Band Software, which has an impressive track record in buying and running B2B SaaS businesses that are growing and profitable, with ARR in the range of $2M to $10M. About CNX Corporation Headquartered in Chicago and founded in 1996, CNX Corporation develops the Valence Framework, a comprehensive software suite for IBM Power systems. Valence enables businesses to modernize legacy applications and create new applications, with its flagship Nitro App Builder offering a low-code solution for fast, user-friendly development. By allowing developers to build and deploy modernized or new applications much faster, Valence significantly boosts productivity, delivering substantial value to organizations using IBM Power systems.

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