INSIGHTS Oracle’s Numbers

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Oracle will announce its Q1 revenue and profit numbers after the markets close on Wednesday. There’s more than a little excitement about what might be revealed, specifically if the company can continue its rise, thanks to its cloud products. The anticipated answer is yes, for a number of reasons, but there’s also potential for a surprise. First the surprise.

The company so far has been posting great numbers for its cloud products, including Software as a Service, Platform as a Service and Infrastructure as a Service, but it has been careful to note that the improvement was coming from net new business. That’s important because it’s less disturbing to the installed base, which has bought conventional licenses and pays maintenance — both important revenue streams.

As of last year’s OpenWorld, the installed base represented about 425,000 companies, including many of the world’s biggest and most demanding. It’s reasonable to figure that revenues will change as the base begins to migrate to the cloud, with Oracle capturing smaller incremental revenues from those customers in any…

Apruve Allies with Matrix to Reduce B2B Credit Risk

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Apruve last week announced a strategic alliance with Matrix Payment Systems to create a turnkey solution to mitigate the risk of advancing a revolving line of credit to business customers.

Under the agreement, the companies will help businesses streamline the extension of credit with less financial risk and fewer back office overhead expenses.

“Apruve and Matrix have partnered to expand the reach of B2B payment solutions for distributors, wholesalers and manufacturers,” said Apruve CEO Michael Noble.

In the B2B space, most companies pay on terms — by using purchase orders or a standing line of credit, he told the E-Commerce Times. Some simply pay with credit cards.

Many companies have an accounts receivable department, and the process of accepting payments involves credit approval, invoicing, collections, cash applications and payment application.

The new relationship is the first Apruve has entered with an independent sales organization like Matrix, said Noble.

Both companies have dozens of customers that range from small firms up to the Fortune 500.

“Every touch reduces the profit margin of the order being managed,” Noble said.

Matrix will incorporate the Apruve product into its existing telemarketing process to existing and prospective clients, said CEO Glenn Hughes.

“Matrix provides electronic credit card and ACH processing services to the B2B industry via online payment gateways, e-commerce and standalone credit card terminals,” he told the E-Commerce Times. “This will be our first endeavor offering risk-free, revolving lines of credit, and we feel this product will help strengthen our overall product offering to the B2B industry.”

Apruve’s Platform

Apruve offers a…

Mapp Digital Announces New CTO and CMO

Click here to save in your favourite.Mapp Digital Announces New CTO and CMO

San Diego, London: Mapp Digital, has announced the appointment of Juhan Lee and Matthew Langie as Chief Technology Officer and Chief Marketing Officer, respectively.

Today’s strategic hires come at a time when Mapp Digital is experiencing consistent and significant growth. This year, Mapp Digital set new customer sales records for the last three quarters in a row, doubling its year-over-year growth. The Mapp Digital global footprint has also expanded – global customer sales up by over 200% annually – with new customers joining its roster of brands in the US, UK and across EMEA.

This month, Mapp Digital celebrates its first anniversary since launching last summer (2016). Over the last year, Mapp Digital has grown into the largest global, independent digital marketing technology provider with over 3,000 customers.

One-year anniversary facts:

  • Up to 380 million marketing messages sent daily via the Mapp Digital platform
  • 450+ employees in over 12 countries
  • Integrated marketing technologies and innovations in one holistic, simple to use platform

As CMO, Langie will be responsible for managing and overseeing all global marketing initiatives for the company. Langie will focus on growing the footprint of Mapp Digital and its recently launched Customer Engagement Platform, integrated Data Management Platform (DMP), and Customer Centric Services approach that enables marketers to optimize customer experiences across email, social, mobile push and web marketing.

“Representing the culmination of several leading marketing organizations, Mapp Digital has an outstanding culture of innovation…

This week in Auto: M&M exits from mass market 2 wheelers, Tata Motors CTO resigns

This week in Auto: M&M exits from mass market 2 wheelers, Tata Motors CTO resigns

Swaraj Baggonkar

Moneycontrol News

The spotlight was on the annual SIAM convention in Delhi where hundreds of senior executives from the automotive industry converged to discuss issues ranging from inconsistencies in policy making by the government to challenges in shifting to electric mobility. A couple of low key launches also made their way to news. This and a few more important news that made headlines during the week.

Mahindra withdraws from mass market

Nine years after entering the promising yet challenging segment of two-wheelers Mahindra & Mahindra (M&M) has decided to withdraw from the mass market category owing to dwindling sales despite repeated attempts at reviving demand.

The company will instead focus on the niche, premium segment of bikes and scooters under the brands Mojo, BSA, Jawa and Peugeot Motorcycles. These will be low volume high margin products aimed at turning around the loss-making operations.

Car makers urge government to have consistent auto policy

Car makers converged at the 57th Annual Convention of the Society of India Automobile Manufacturers (SIAM) raising a common plea to the government to avoid mid-life changes of policies drafted by various ministries.

Vehicle makers had to deal with the most volatile market situation last year resulting in uneven demand pattern which hurt growth and resulted in losses. Meanwhile, the government urged car makers to give up traditional fuels like petrol and diesel and instead adopt electric as the future medium.

Tata Motors CTO Tim Leverton resigns

Tim Leverton, President and Chief Technical Officer, Tata Motors resigned from the company and will be moving back to the UK because of personal reasons. This is the third high level exit from the company in the last three months.

Leverton had been deeply involved in alternate fuel…

Ex-Koovs CTO launches hospitality ecommerce platform Pursuite

The e-marketplace aims at transforming the B2B hospitality procurement space for buyers as well as suppliers across the country

Pursuite

Pursuite, an Indian first B2B e-commerce platform for the hospitality industry was launched today. The e-marketplace aims at transforming the B2B hospitality procurement space for buyers as well as suppliers across the country by not only improving their bottom lines, but also by managing sales and procurement processes in a simpler and transparent way.

The platform promises to provide the widest catalog of choicest items with curated shopping experience and secure collaborative space for suppliers and buyers. Pursuite, at present, catalogs products majorly into Operational Supplies & Equipment (OS&E) category and will be foraying into furniture,…

ANALYSIS Biggest Obstacle to Business Success: Multicloud Management

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The rise of Microsoft Azure as a major competitor to Amazon Web Services has become a mixed blessing for IT managers. While many were pleased to see Microsoft finally become a cloud-first company and build Azure into a viable alternative to AWS, they now are faced with a new set of challenges in trying to make the most of multiple cloud providers.

Every indication is that the adoption of cloud services will continue to accelerate as more and more organizations discover the economic value of moving to on-demand solutions.

Cloud Services Boom

Enterprise cloud spending will grow at a 16 percent compound annual growth (CAGR) run rate through 2026, Wikibon has forecast.

AWS dominates the market, with US$4.1 billion in sales in its most recent fiscal quarter, a nearly 42 percent rise from the same period a year earlier.

Organizations increasingly have been seeking to leverage a variety of cloud services to address an assortment of IT and business needs.

The worldwide public cloud services market will grow 18 percent this year from $209.2 billion in 2016 to $246.8 billion at the 2017, according to Gartner.

There will be a rapid increase in private cloud adoption, with nearly 82 percent of enterprises planning to have a hybrid cloud strategy by 2017, according to Infoholic Research.

The hybrid cloud market will grow at a CAGR of 34.3 percent during the 2016-2022 period and equal $241.13 billion by 2022, the firm predicted.

The rise of Microsoft Azure, along with the resurgence of Google’s cloud services, has given many organizations an opportunity to spread their public cloud service acquisitions beyond AWS.

At the same time, Oracle has been pushing its cloud capabilities aggressively, and IBM has claimed that its cloud revenue in the most recent quarter reached $3.9 billion, which would put it on pace to generate $15.6 billion over the next 12 months.

Multicloud Strategies

As a result of the proliferation of cloud service alternatives, a growing number of organizations have adopted a multicloud procurement strategy. In fact, 85…

CTO issues island-by-island damage report in the wake of Irma as Floridians flee

CTO issues island-by-island damage report in the wake of Irma as Floridians...
CTO issues island-by-island damage report in the wake of Irma as Floridians…

TORONTO — Forecasters are warning that Hurricane Irma, now a Category 4 hurricane but still powerful with sustained wind speeds topping 240 kph, could make a direct hit on the Miami metropolitan area of 6 million people. Meanwhile the CTO and CHTA have issued the first detailed report of Irma’s damage to the islands as destinations including St. Maarten, already hard hit by Irma, keep an eye out for Hurricane Jose.

Irma rolled past the D.R. and Haiti and battered the Turks and Caicos Islands early this morning with waves as high as 6 metres. Communications went down as the storm slammed into the islands. Irma also spun Friday morning along the northern coast of Cuba.

Tour operators have invoked hurricane policies and are focused on getting passengers back safely. Transat CEO Jean-Marc Eustache said the immediate financial impact is not huge, but costs will increase if there are new hurricanes every few days. He noted that it’s not the first time that island hotels have faced hurricanes. “Five years ago was a very tough season for hurricanes and at the end of the day everything was there to send the customers,” he told analysts during a conference call Sept. 7 to discuss Transat’s Q3 results.

Here are the latest updates from the airlines and the CTO:

AIR CANADA

Due to revised mandatory evacuation orders in south Florida impacting airport staffing and operations at Miami and Fort Lauderdale airports, Air Canada has had to cancel flights out of Florida originally scheduled for Sept. 8 – 11. The cancelled flights are: AC1641 Miami-Toronto, AC1623 Fort-Lauderdale-Toronto and AC1605 Fort Lauderdale-Montreal.

AIR TRANSAT

Air Transat is deploying 4 flights to Florida to evacuate its clients: two flights to Fort Lauderdale and two to Orlando. The aircraft are expected to arrive in Fort Lauderdale on Sept. 8 and in Orlando on Sept. 9, both before noon. This operation will allow more than 750 passengers to be repatriated.

SUNWING

Faced with airport closures yesterday on Cuba’s islands, Sunwing made the decision to transport its clients staying in Cayo Coco and Cayo Santa Maria by bus to Varadero where the tour operator put them up overnight in all-inclusive hotels. Rescue flights out of Varadero are operating today.

  • Special flights to Cayo Coco, Holguin and Cayo Santa Maria operated Sept. 7 to repatriate customers originally scheduled to return Sept. 8.
  • Customers that were scheduled to return to Canada from Cayo Coco or Cayo Santa Maria on Sept. 9 or 10 were transferred by bus Sept. 7, to alternative all inclusive hotels in Varadero. Special flights are operating from Varadero today, Sept. 8, to bring those passengers home early.

ISLAND UPDATES

The CTO and the Caribbean Hotel & Tourism Association have issued the most complete rundown to date of how the islands have been impacted by Hurricane Irma. Here are the latest details:

Antigua and Barbuda

Antigua was spared Irma’s brunt, but it passed over the island of Barbuda. Antigua’s V.C. Bird International Airport reopened Sept. 6. Most residential, business and hotel properties in Antigua remain largely unscathed and already the main roads have been cleared of debris. However Barbuda suffered extensive damage.

Anguilla

A complete assessment is still underway, however, the latest reports indicate that critical infrastructure, such as the hospital, airport, fire station, police station, government buildings and utilities received moderate to…

Megaport appoints new CTO

ASX-listed Megaport (ASX:MP1) has appointed Tim Hoffman in a newly created role as its chief technology officer (CTO).

October 1 is his first day in office where he will be responsible for managing product, procurement, network operations and architecture, and software development. He will report to CEO, Vincent English.

Hoffman has spent nearly a decade in building telecommunications networks in New Zealand and in the past three years, he worked at Twitter, where he was leading teams to scale large content distribution networks and backbones as well as global data centres.

“His tenure with Twitter…

A quarter of McDonald’s UK workers have seen viral Momentum video, Facebook data shows

A viral Momentum video on the McDonald’s workers’ strike has been viewed by around a quarter of the burger chain’s UK employees, according to Facebook data.

The Labour grassroots campaign group, whose online campaigning drew huge audiences for pro-Labour videos and memes during the general election, said the video had been made on a budget of less than £30.

Facebook’s advertiser analytics, which use the workplace listed by people on their profiles, showed the video had been viewed by 25,480 McDonald’s workers on Facebook so far.

The social media network says it has 98,000 UK profiles where McDonald’s is listed on the profile, though some may be duplicate or parody accounts. McDonald’s official figure for their UK workforce is 97,000 across 1,200 outlets.

The video features two McDonald’s workers talking about difficulties managing zero-hours contracts, rotating day and night shifts and irregular breaks, shortly after workers at the restaurant staged their first UK strike.

(@PeoplesMomentum)

You can recognise these McDonald’s workers by the burns on…

CTO regional update on Hurricane Irma

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THE CARIBBEAN TOURISM ORGANISATION has issued an update of the state of the islands affected by Hurricane Irma.

Hurricane Irma has had a major impact on a number of Caribbean countries in the northern Leeward Islands and the northern Caribbean and continues to threaten several more.

The following is an update regarding Irma’s impact as well as steps being taken by countries still in the hurricane’s projected path:

Antigua and Barbuda

Antigua was spared Irma’s brunt, but it passed over the island of Barbuda. Antigua’s V.C. Bird International Airport reopened on the afternoon of September 6, to flights into and out of the country.

The government reported no loss of life on Antigua and the local population and all visitors to the island are safe. Most residential, business and hotel properties in Antigua remain largely unscathed and already the main roads have been cleared of debris.

However, Barbuda suffered extensive damage, with Prime Minister Gaston Browne reporting one death and damage to infrastructure, downed utility poles and cell towers.

Anguilla

A complete assessment is still underway, however, the latest assessment reports indicate that critical infrastructure, such as the hospital, airport, fire station, police station, government buildings and utilities received moderate to severe damage. Repair and road clearance crews are working diligently in efforts to restore conditions to pre-Irma status, and as the clean up begins the full extent of the damage is being revealed.

The government is reporting there was one confirmed fatality.

The British government has deployed three humanitarian aid experts from the UK to assist with needs assessments and coordination.

The British naval ship Royal Fleet Auxiliary Mounts Bay has arrived on island, with 40 Royal Marines and Army engineers on board. The ship carries a range of equipment to support humanitarian responses including vehicles, tents and facilities to purify water.

The Bahamas

As Hurricane Irma make its way towards The Bahamas, the Bahamas Ministry of Tourism reported that the Lynden Pindling International Airport in New Providence, as well as airports in Inagua, Ragged Island, Acklins, Crooked Island, Mayaguna, Long Island, Rum Cay, Exuma & the Cays, San Salvador, Cat Island and Eleuthera are closing at sunset on Thursday, September 7.

On Friday, September 8, the following airports will close at varying times throughout the day: Andros, Congo Town & Mangrove Cay (11 a.m. closure); Grand Bahama (noon closure); Andros, Fresh Creek and San Andros (4 p.m. closure); The Abacos, Berry Islands and Bimini (sunset closure).

British Virgin Islands

The British Virgin Islands took a direct hit from Hurricane Irma. The full extent of the damage is still being determined, but cars, trees, homes and boats have reportedly been destroyed.

The tourist board is reporting that most communications remain down, including mobile phone service and Internet access.

The Government has begun to coordinate humanitarian relief efforts and an initial clean-up operation. The British government is sending hundreds of troops and the Royal Navy flagship HMS Ocean to its overseas islands affected by Hurricane Irma.

Cuba

The Cuban civil defence agency is preparing people on the northern coast of Cuba’s eastern provinces. Santiago province has opened 125 evacuation centres that can hold 38 000 people. Civil Defence representative Odesa Fuentes said the centres will remain open for the…