Latest news with #IBMPowerVirtualServer
Hamilton Spectator
22-05-2025
- Business
- Hamilton Spectator
Fresche Solutions and FalconStor Partner to Modernize IBM i Data Backup and Management
SAN FRANCISCO, May 22, 2025 (GLOBE NEWSWIRE) — Fresche Solutions, a global leader in AI-powered IT modernization, announces a strategic partnership with FalconStor Software, a leader in IBM Power Systems backup optimization. Together, the companies will deliver modern, secure, and scalable backup and recovery solutions for IBM i environments in the cloud. As part of the collaboration, FalconStor's StorSafe® solution will be integrated into Fresche's managed services for IBM Power Virtual Server (PowerVS), providing enterprises with a cyber-resilient, cost-effective alternative to legacy tape-based backup systems. The joint solution is designed to optimize backup and archive operations in hybrid cloud deployments by: 'Our collaboration with FalconStor strengthens our ability to help IBM i customers modernize with confidence,' said Lief Morin, GM, Managed Services at Fresche Solutions. 'Together, we're delivering solutions that align with cloud-first strategies while maintaining enterprise-grade resilience and security.' Key Benefits of FalconStor StorSafe®: 'This partnership is a natural fit,' added Todd Brooks, CEO, FalconStor. 'Fresche's leadership in IBM i modernization and managed services complements our mission to provide robust, efficient, and future-ready data protection.' To learn more about how Fresche and FalconStor optimize IBM i backup, visit or . About Fresche Solutions Innovators in AI-powered IT modernization, Fresche manages and maximizes the value of IBM i business-critical systems to reduce technical debt. Our market-leading IP and proven solutions in Modernization, AI & Data Analytics, KTLO, and Cloud Managed Services have earned the trust of global leaders from 2200+ companies. Reimagine your IT challenges into future growth and innovation with Fresche Solutions. About FalconStor FalconStor Software, Inc. (OTC: FALC) is a trusted leader in data protection, enabling enterprises to modernize backup and archiving across hybrid environments. Its StorSafe platform helps customers optimize storage usage, protect against ransomware, and streamline cloud adoption, especially in IBM ecosystems. Media Contact: Fresche Solutions Kimberley Hernandez Corporate Marketing Manager Fresche Solutions Inc. FalconStor Vicki Grey Head of Marketing FalconStor Software Inc. A photo accompanying this announcement is available at
Business Insider
22-05-2025
- Business
- Business Insider
IBM Shares Lessons from Its SAP Cloud Migration at Sapphire Conference
At this year's SAP Sapphire conference in Orlando, IBM (IBM) shared its experience moving to SAP S/4HANA on IBM Power Virtual Server. Ann Funai, IBM's CIO and VP of Business Platform Transformation, explained that the shift to SAP's (SAP) cloud ERP system cut infrastructure costs by 30% since the migration was completed in July. The move also sped up contract registration, made billing and payment processes more accurate, and improved how quickly IBM handles accounts receivable, saving both time and money. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Interestingly, IBM started the project in 2022 by moving away from several smaller and outdated ERP systems to a single standardized platform. Funai said that this clean, cloud-based setup makes IBM more flexible for future technology needs, especially with AI. She admitted that switching core systems like finance and supply chain can be scary, but said IBM's successful migration shows that it can be done. She also said that other CIOs she talks to have the same worries, and IBM's experience can help show them how to plan, test, and set up their teams in order to make the change work. As a result of the upgrade, IBM has been able to smoothly handle recent acquisitions like Red Hat, Apptio, and HashiCorp by making it easier to merge their systems. In addition, analysts such as Forrester's Akshara Naik Lopez now recognize IBM as a top SAP consulting provider. While some businesses are still unsure about using SAP's bundled cloud service, RISE, Funai believes that IBM made the right move early by saying that it has led to higher cash flow, better productivity, and freed up teams to focus on higher-value work. What Is the Target Price for IBM? Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on eight Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $260.62 per share implies 0.2% downside risk.
Business Wire
07-05-2025
- Business
- Business Wire
FalconStor Software Announces First Quarter of 2025 Results
AUSTIN, Texas--(BUSINESS WIRE)--FalconStor Software, Inc. ( FALC), a trusted data protection leader modernizing data protection and intelligence for the hybrid cloud world, today announced financial results for its first quarter of 2025, which ended on March 31, 2025. With our expanding hybrid cloud footprint, focused innovation, and consistent profitability, we remain well-positioned to drive durable growth in 2025 and beyond. Share 'We're pleased to report solid total revenue growth and strong hybrid cloud ARR expansion in Q1, reflecting our continued momentum in the IBM ecosystem,' said Todd Brooks, CEO of FalconStor Software. 'Hybrid cloud ARR run-rate grew 65% year-over-year, fueled by increased sales in IBM Power Virtual Server expansion, Kyndryl/Skytap deployments, on-prem hybrid cloud implementations, and MSP adoption. 'This quarter also marked the launch of FalconStor Thomas™, our IBM watsonx-based virtual data protection assistant, now in use by dozens of IBM partners in more than 20 countries. By enabling real-time collaboration with IBM partner sellers and technical architects — in their native languages — Thomas dramatically improves our ability to scale sales across the global IBM ecosystem. 'With our expanding hybrid cloud footprint, focused innovation, and consistent profitability, we remain well-positioned to drive durable growth in 2025 and beyond.' First Quarter 2025 Financial Results Hybrid Cloud ARR Run-Rate: 65% increase trailing twelve months Ending Cash: $3.3 million, compared to $2.9 million in the first quarter of fiscal year 2024 Total Revenue: $2.5 million, compared to $2.3 million in the first quarter of fiscal year 2024 Total Operating Expenses: $2.1 million, compared to $1.9 million in the first quarter of fiscal year 2024 Non-GAAP EBITDA: $0.1 million, compared to $0.1 million in the first quarter of fiscal year 2024 GAAP Net Income (Loss): $0.1 million, compared to $(0.1) million in the first quarter of fiscal year 2024 'As we continue to focus on growth, innovation, and delivering excellent customer service, we remain disciplined in managing expenses and driving operational efficiency to maintain strong financial health and create the stability needed for sustainable, long-term growth,' said Vincent Sita, FalconStor CFO. Non-GAAP Financial Measures The non-GAAP financial measures used in this press release are not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. The Company's management refers to these non-GAAP financial measures in making operating decisions because they provide meaningful supplemental information regarding the Company's operating performance. In addition, these non-GAAP financial measures facilitate management's internal comparisons to the Company's historical operating results and comparisons to competitors' operating results. We include these non-GAAP financial measures (which should be viewed as a supplement to, and not a substitute for, their comparable GAAP measures) in this press release because we believe they are useful to investors in allowing for greater transparency into the supplemental information used by management in its financial and operational decision-making. The non-GAAP financial measures exclude (i) depreciation, (ii) amortization, (iii) restructuring expenses, (iv) severance expenses, (v) board expenses, (vi) stock based compensation, (vii) non-operating expenses (income) including income taxes and interest & other expenses (income). For a reconciliation of our GAAP and non-GAAP financial results, please refer to our Reconciliation of Net Income (Loss) to Adjusted EBITDA presented in this release. Please click this link for accompanying financial charts. About FalconStor Software FalconStor is the trusted data protection software leader modernizing disaster recovery and backup operations for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs by up to 95%. More than 1,000 organizations and managed service providers worldwide standardize on FalconStor as the foundation for their cloud first data protection future. Our products are offered through and supported by a worldwide network of leading managed service providers, system integrators, resellers, and original equipment manufacturers. FalconStor and FalconStor Software are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders. Links to websites or pages controlled by parties other than FalconStor are provided for the reader's convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader's own risk.
Yahoo
16-04-2025
- Business
- Yahoo
GLASSHOUSE SYSTEMS NAMED WINNER OF IBM PARTNER PLUS AWARD IN HYBRID BY DESIGN CATEGORY (NORTH AMERICA)
TORONTO, April 16, 2025 /CNW/ - GlassHouse Systems today announced it was the North American winner of the 2025 IBM Partner Plus Award in the "Hybrid by Design" category for North America. The award was presented to GlassHouse Systems for an outstanding hybrid cloud project delivery, which included advisory work and a significant transformation of a large automotive retail client's environment from on-premises to IBM's industry-leading IBM Power Virtual Server on IBM Cloud, with integrated access to AWS for additional functionalities. In four months, GHS, IBM, and the client were able to speed up new store provisioning from weeks to minutes while increasing resiliency and driving down costs by an estimated 40%. For more information on how we use hybrid cloud infrastructure, visit "This award reflects our commitment and strong belief in the value that IBM's Hybrid Cloud solution offers to customers who run critical applications and workloads on Power (AIX/IBM i) environments. GlassHouse Systems has heavily invested in developing a unique set of expertise to deliver creative hybrid-based solutions that preserve investments, reduce costs, and support our clients' growth and modernization plans. I'm proud that we continue to make IBM's best technologies even better for our customers," said Alex Talmor, President of GlassHouse Systems. For more information on our cloud services, visit The IBM Partner Plus Awards celebrate business partners in the IBM Ecosystem who advance businesses, reshape industries and create positive impact through partnership. Entries were anonymized and judged on Expertise, Partnership, Impact, Innovation, and Storytelling. Award winners were selected from hundreds of submissions across six categories. As a winner in North America, GlassHouse Systems has also been named a finalist for the global awards, winners of which will be announced at IBM Partner Plus Day on May 5, 2025 during Think 2025 in Boston. For more information on the IBM Partner Plus Awards, including a list of the geography winners across all six categories, visit Partners eligible to win an award are part of IBM Partner Plus, a program designed to help deepen partners' technical expertise, accelerate time to market and win with clients with AI and hybrid cloud. For more information on IBM Partner Plus, please visit About GlassHouse SystemsFor over 32 years, GlassHouse Systems (GHS) has been delivering transformative digital and security technologies that power the world's most innovative companies. Our teams address the entire breadth of technology needs, from strategy and design to managing secure operations on-premises and in the cloud. To achieve this, we draw upon our deep in-house expertise and strategic partnerships and deliver creative technical deployments that help chart new strategies for our clients' growing digital resiliency needs. For more information about our services, visit View original content: SOURCE GlassHouse Systems View original content:
