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January 8, 2021

Industry News: January 4-8 –Navisite Acquires Velocity, IT Modernisation and the Future, A Ransomware Warning

Ann Carpenter

Every week we highlight cloud computing and technology news of interest. This week we’re covering Navisite’s acquisition of Velocity Technology Solutions, data centre spending’s 2020 surge, Microsoft’s cloud business, a look at whether IT modernisation programs are ready for the future, and a growing ransomware threat.

Let’s get started…

Navisite is kicking off 2021 by announcing the acquisition of Velocity Technology Solutions, a global cloud managed services provider. The deal enhances Navisite’s position as a leader of modern managed cloud services for mid-market and enterprise customers. Read more about the acquisition in Database Trends and Applications here.

While the COVID-19 pandemic has negatively impacted spending in many industries, data centre spending has experienced the opposite. In fact, it has been reported that Amazon and Microsoft are among the tech giants that spent a record $37 billion in Q3 2020. Dive into CRN’s breakdown of this spending spree here.

2020 was a strong year for Microsoft, especially when it comes to the cloud. In fact, the company saw stock rise 40%. And that’s in part to their Azure cloud business which grew 48% in the September quarter. Learn more about the future of Microsoft’s cloud business in Barron’s here.

COVID-19 accelerated IT modernisation for many companies. However, according to a new survey, 60% of company’s say their IT modernisation program is not ready for the future. As a result, 95% of IT leaders are looking to adopt cloud strategies. Explore the survey’s results on IT modernisation in Help Net Security here.

2020 may have come to a close, but the threat of ransomware isn’t going anywhere. Instead, a new report warns that ransomware attacks will become more common and destructive in the months to come. Learn more about the threat in ITPro Portal here.

About Ann Carpenter

Ann is the head of demand generation and blogger at Navisite with more than 10 years of experience working, writing and developing content for technology companies while living in the U.S. and in countries around the world. She currently lives in Atlanta, Ga., with her husband and newborn son.