Category Archives: Cloud Hosting
Riverbed Technologies files for Chapter 11 bankruptcy protection following pandemic ‘headwinds’ – The Register
Riverbed Technology has filed for Chapter 11 bankruptcy protection with a view to implementing a "prepackaged" financial restructuring plan to eliminate debts of $1.1bn following struggles caused by the pandemic.
The SD-WAN and WAN optimisation biz first signalled intent to enter into a Restructuring Support Agreement last month, which it said is fully supported by all its voting lenders, as well as private equity majority owners, Thoma Bravo LLP and Ontario Teachers' Pension Plan (OTPP).
In court papers [PDF] lodged with the US Bankruptcy Court for the District of Delaware, Riverbed president and CEO Dan Smoot said the "best option" is to "right-size its capital structure and position itself for long-term success."
"Like many similar businesses, Riverbed faced significant COVID-19 related headwinds in 2020, including global supply chain disruptions and labor shortages, which adversely affected Riverbed's financial performance," said Smoot in supporting document [PDF]. "With factories shut down and stay-at-home orders instituted across the globe, Riverbed faced challenges maintaining its global supply chain as well as driving sales through a suddenly fully remote salesforce."
The limitations caused by the pandemic and debt obligations it was bought by Thoma Bravo and OTPP at the end of 2014 for around $3.6bn "significantly constrained liquidity through 2020," the CEO added.
"Compounding these challenges, one of Riverbed's key markets the wide area network optimization market has experienced a general decline in recent years as part of a transition by organizations to alternative location-independent computing technologies."
The business, which employs 1,400 staff and sells to more than 30,000 customers, said the "sustained decrease in workforce participation and declined demand during the pandemic for Riverbed's products and services" kept the pressure on liquidity, leading to the exploration of efforts to reduce its debts to its owners.
"After extensive, arm's length negotiations, Riverbed and these key stakeholders (First and Second Lien lenders and equity sponsors) reached agreement on the comprehensive deleveraging and liquidity enhancing transactions set forth in the structuring support agreement."
Riverbed will halve its $2bn debt through the financial restructuring, according to reports. Debt equity control will be passed to junior lenders and senior loan notes will be converted into new debts and preferred equity, the court filing states.
The financial arrangement will provide Riverbed with an additional $35m "cash infusion." General unsecured claims including trade, vendor, and employee claims will be "unimpaired and reinstated," the court papers say.
In a press statement, Smoot said:
Apollo Partner Chris Lahoud said: "We are pleased to continue our long-term support of Riverbed in this next chapter as they strengthen their financial position to deliver leading performance and visibility solutions to companies around the world.
"Riverbed has an exceptional team and strong market opportunities, and we are confident in their strategy to deliver innovative customer solutions and long-term profitable growth."
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Riverbed Technologies files for Chapter 11 bankruptcy protection following pandemic 'headwinds' - The Register
Korea gives Google and Apple another kick for requiring their own payment systems – The Register
Most modern chat systems are entirely proprietary: proprietary clients, talking proprietary protocols to proprietary servers. There's no need for this: there are free open standards for one-to-one and one-to-many comms for precisely this sort of system, and some venerable clients are still a lot more capable than you might remember.
But as it is today, if you need to be on more than one chat system at once, the official way is to install their client app, meaning multiple clients or at best, multiple tabs open in your web browsers. Most of these "clients" are JavaScript web apps anyway, running inside Electron an embedded Chromium-based single-site browser. Which is fine, but Chrome is famously memory-hungry.
There is a brute-force way round this: have one app that embeds lots of separate Electron instances in tabs. There are a few of these around first came RamBox, followed by Franz. Both use the "freemium" model: there's a completely functional free client, plus subscriptions for extra features. If you prefer to avoid such things, both services have no-cost forks: Ferdi from Franz and Hamsket from RamBox. A newer rival still is Station.
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Korea gives Google and Apple another kick for requiring their own payment systems - The Register
Citrix initiates ‘Restructuring Program’ jobs and facilities to go – The Register
Citrix has initiated a "Restructuring Program" under which the company will reduce headcount and close some offices. The Register understands that staff around the world have already been let go.
The application streamer on Monday emitted a regulatory filing that detailed a plan that includes "elimination of full-time positions, termination of certain contracts, and asset impairments, primarily related to facilities consolidations".
The restructure is forecast to result in charges of approximately $130m to $240m, $65m to $90m of which has been set aside to cover employee severance payments.
Another change is a move for Paul Hough, currently executive veep and chief product officer, to become an advisor to interim CEO Robert Calderoni, who took over after the sudden departure of David Henshall.
Calderoni flagged changes on the company's Q3 earnings call, during which he reported year-on-year revenue growth of one per cent, described 2021 as "a trough year for both margins and cash flow" and lamented that some of the company's structures and sales arrangements are not conducive to growth.
The CEO also described "cash flow headwinds" that came from colossal commissions owed to salespeople who cashed on in COVID-created demand for Citrix's remote working wares. Those payments about $100 million worth made for lower margins.
"Clearly we just have to reverse some of the things that we did over the last year or two and make the business more attractive," the interim CEO told investors.
Making things more interesting is that activist investor Elliot Management has reportedly taken a ten per cent stake in the company. Elliot was instrumental in installing Henshall as CEO a decision that turned Citrix around after difficult years. In April 2020, the management firm was so confident that Citrix was on the right path that its director departed the company's board and signed off saying everything was on track.
Investors appear not to mind the new restructuring plan too much. Citrix's share price is off by three per cent this week, while the NASDAQ exchange that hosts it is up 1.5 per cent.
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Citrix initiates 'Restructuring Program' jobs and facilities to go - The Register
Is mass cloud adoption going to last forever, or is it just a phase? – ITProPortal
Third-party technology partners have been vital in assisting businesses throughout the pandemic, enabling them to stay resilient and operational as restrictions continue to change. This period of extreme uncertainty has forced companies to adopt online collaboration tools for staff that are geographically dispersed and shift the majority of their data and applications to the cloud.
Recent data from Statista has highlighted that worldwide spending on cloud infrastructure services reached $47 billion by the end of the second quarter of 2021. This rise in the number of businesses locating their data in the cloud was a natural fit during a time of great uncertainty, but now, with a new normal on the horizon, are organizations about to realize they acted on impulse rather than implementing a forever solution?
We recently spoke to 500 senior decision-makers in the UK about their experiences during the pandemic to better understand their working relationships with third-party technology providers, and to find out how successful their cloud investments have been so far.
Over a third (35 percent) of respondents stated they now have a greater understanding of what those working in IT functions within their company can help them achieve within the wider business. Thirty-one percent feel more motivated to learn about how their company can enhance its agility, and 30 percent feel more motivated to learn about how their company can use cloud technologies to enhance products and services.
This shift has provided many of those surveyed with the chance to make strong cases for investment and accelerate decision-making. Worryingly however, over half (54 percent) of respondents believe unnecessary investments in technologies have been made with third-party technology partners over the last 12 months, increasing to 85 percent amongst owners and proprietors. Two-thirds (68 percent) report it remains to be seen if all investments made based on advice will be suitable long-term.
When it comes to working with third-party cloud partners, only 12 percent of respondents did not face challenges.
Top technology-based obstacles included concerns over data security, compliance, and regulatory issues, unexpected or unpredictable costs, and issues surrounding the management of data and applications between on-premise and cloud storage. Top obstacles to working with third-party cloud partners included an inability to admit fault or shortcomings when warranted, an unwillingness to compromise, a lack of honesty and integrity, a lack of empathy, and an inability to work through conflicts maturely.
Just like any relationship, solid working relationships do not just happen. They take time, patience, transparency, and input from two parties that truly want to work effectively together.
So what is the secret to a happy, long-lasting professional relationship?
1. Decide on an end goal together
As with any journey, it is key to have a clear destination in mind before embarking and discuss this as a team. Establish a clear strategy and identify the goals and outcomes you hope the chosen cloud will deliver.
Organizations require a clear vision that supports long-term goals, but as the last 12 months has demonstrated, being able to adapt to sudden change both technological and market-orientated must be accounted for too. When deciding on outsourced cloud solutions, select a vendor whose processes, procedures, and abilities best fit your planned journey, with the flexibility to alter course if priorities suddenly or drastically shift in a new direction.
2. Share everything with each other
It is important to discuss the entire asset inventory. Mature IT estates may include a variety of platforms such as colocation, clouds, and mainframe, and a careful analysis of each application is required if performance and functionality are to be maintained.
When it comes to migration, in some instances it will be straightforward. In other cases, the application can be refactored to allow for the new environment. Businesses must evaluate whether the best option is to keep the application as is with a third party, and either continue to run it internally, or look for a hosting vendor that can support it in its current state along with cloud offerings for a seamless, integrated solution.
3. Appreciate similarities and differences
Most large organizations use several clouds but may not know how to best use each one individually. In defining a cloud strategy, it is critical to understand differences in operation, management, scale, security, and governance for each. Business goals should drive cloud choice, not the other way around.
4. Be available and resilient
Availability and resiliency are key for every relationship and every business.
One strategy might include using the cloud for data vaulting, replication, and disaster recovery. In such cases, businesses must take a hard look at their recovery cloud vendor with their third party for details such as which applications are business-critical, demanding the high availability that comes from an active environment, and therefore not appropriate for cloud-based recovery.
5. Establish a long-term plan
Only by both parties understanding the complete business picture can a solid cloud strategy be developed. This includes not only new and innovative technology elements, but also the current IT environment, and future-proofing IT where possible.
For senior decision-makers, it is key to choose the right partner and technology that can support them now and, in the years, to come. organizations that do so will be able to better understand and leverage disparate elements into a single cohesive picture, knowing with confidence, that the cloud has a place in improving competitive advantage and assuring future success.
Every business was forced to pivot during the pandemic, but the expansion of cloud services is one change that will remain long-term. Its clear that there is more understanding at the top of organizations about the importance of technology investment decisions, and how building a good relationship with technology partners can help overcome challenges.
By working in tandem with knowledgeable third-party cloud partners to adopt a cloud-ready approach, that identifies possible problems before they occur and prevents a shift back to on-premises data storage when it goes wrong, organizations will be better placed to reap the benefits the cloud can offer in 2022, and well beyond.
Chris Huggett, Senior Vice President for EMEA & India, Sungard AS
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Is mass cloud adoption going to last forever, or is it just a phase? - ITProPortal
MediaTek’s flagship 5G chip for top-of-the-line Android smartphones is coming right up – The Register
MediaTek is ready to show off its first real flagship processor that it hopes can take on Qualcomm's Snapdragon family in high-end Android smartphones.
The Taiwanese chip designer plans to unveil its Dimensity 2000 system-on-chip at the end of this week, said Dan Nystedt, a financial analyst in Taiwan who is reliable in these matters.
A few days ago, MediaTek shared a teaser video highlighting a chip made using a 4nm process. This component will compete against Qualcomm's top-end Snapdragon, which is expected to be announced at the US firm's annual Snapdragon summit later this month.
While these rival chips go toe-to-toe in higher-end Android smartphones, MediaTek hopes to eventually put its silicon into Arm-compatible Windows 11 PCs, which Qualcomm has a lock on. It is unclear whether the flagship Dimensity 2000 SoC will be used for that market.
The Dimensity chip will be "its entry in the flagship segment," with an opportunity to gain market share, MediaTek's CEO Rick Tsai said during an earnings call in October. The Arm-based SoC will have a 5G modem.
"Today, all major China brands have adopted our 5G flagship SoC. Revenue of the flagship product will begin at the end of this year, and run from first quarter next year," Tsai said, meaning devices containing the system-on-chip are expected to ship soon to buyers.
It remains to be seen if consumers are attracted to premium devices with MediaTek chips, which have mainly gone into low-cost devices in the past. The low-to-middling performance of MediaTek chips has also put off some buyers, though the new silicon may address that.
That said, MediaTek was the top mobile chip designer with a market share of 43 per cent share in the second quarter of 2021, growing from 26 per cent in the year-ago quarter, according to Counterpoint Research. Qualcomm's share dropped to 24 per cent compared to 28 per cent in the year-ago quarter. MediaTek's growth was driven by "a competitive 5G portfolio in the low-mid segment and without major supply constraints," Counterpoint said in a statement.
Spokespeople for MediaTek were not available for further comment.
‘We are not people to Mark Zuckerberg, we are the product’ rages Ohio’s Attorney General in Facebook lawsuit – The Register
Facebook was sued by Ohios Attorney General Dave Yost on Tuesday for allegedly deceiving shareholders about the potential harm its social media platform inflicted on young users.
The complaint [PDF] was filed on behalf of the states largest pension fund, Ohio Public Employees Retirement System, and all other investors that acquired Facebook shares between April 29 and October 22 this year.
Facebook founder Mark Zuckerberg, CFO David Wehner, and VP of Global Affairs and Communications (and former British Deputy Prime Minister) Nick Clegg were also listed as defendants.
Its the latest federal securities fraud lawsuit to hit Facebook, also known as Meta for corporate reputation-washing reasons.
Whistleblower and ex-employee Frances Haugen obtained and leaked internal documents that, for one thing, indicated the social media giant optimized its algorithms to keep users hooked on its platform even though doing so was detrimental to the mental health of some netizens.
The data also demonstrated how Facebooks AI content moderation systems were ineffective at removing misinformation, toxic hate speech, and violent videos. Illicit activities such as drug smuggling and human trafficking also flew under the radar.
The documents led to a string of news articles dubbed The Facebook Papers, an effort led by the Wall Street Journal and other publishers. Haugen presented the evidence to and testified before US lawmakers in Congress and in front of British Members of Parliament. The files are also referenced in the Ohio lawsuit.
"Facebook said it was looking out for our children and weeding out online trolls, but in reality was creating misery and divisiveness for profit," Yost claimed in a statement. "We are not people to Mark Zuckerberg, we are the product and we are being used against each other out of greed."
Suddenly, it feels like we're in 2010 again.
The complaint claims Facebook repeatedly told investors it has the most robust set of content policies out there to prevent fake news and harmful content from spreading. But Haugens leaked documents revealed Facebook knew its social media empire was riddled with flaws that sow dissension, facilitate illegal activity and violent extremism, and cause significant harm to users, the lawsuit alleged.
Despite this knowledge, Facebook opted to maximize its profits at the expense of the safety of its users and the broader public, exposing Facebook to serious reputational, legal, and financial harm, according to the complaint. The onslaught of bad press caused the companys shares to tumble over 14 per cent, wiping more than $150bn in Facebooks value, the lawsuit continued.
Ohios Dave Yost wants to turn the case into a class-action lawsuit on behalf of investors affected by the loss. He reckons Facebook should fork out damages and shareholders should be compensated.
This suit is without merit and we will defend ourselves vigorously, a Meta spokesperson told The Register in a statement.
A similar lawsuit was filed by a shareholder in the Eastern District of New York last month.
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'We are not people to Mark Zuckerberg, we are the product' rages Ohio's Attorney General in Facebook lawsuit - The Register
The Rust Foundation gets ready to Rumbul (we’re sure new CEO has never, ever heard that joke before) – The Register
The Rust Foundation the US non-profit behind the programming language since Mozilla let the team go has picked a new CEO: Rebecca Rumbul, formerly director of research and engagement at digital democracy charity mySociety, and before that the Privacy Collective.
Dr Rumbul's appointment at the relatively new foundation reflects the growing importance of the Rust language which can be seen from the foundation's list of members. Facebook is using it, as is Google, Microsoft, various Linux kernel developers, and Linux lappy vendor System76. There are even a couple of Rust-based OSes, Redox and Theseus.
One reason is of course speed Rust is consistently one of the fastest languages, right after C and C++. But so are Ada and Fortran, which excite very few people these days. Arguably Rust's most significant rival in recent years is Google's Go language: last year, it was the language most developers said they wanted to learn next.
So let's compare them. Both are curly bracket languages, with C-like syntax that makes them unintimidating for C programmers. Both are designed to be memory-safe. Both compile direct to native code. Both are designed to be simpler, cleaner replacements for C++.
So much for the similarities; now to how they differ. Go was designed to compile fast, to be relatively simple, and be a good fit for large teams. It has strong support on concurrency with goroutines and channels, but weaker error handling and it does memory management for you, using garbage collection.
In contrast, Rust is a more complex, flexible language, with a steeper learning curve, and eschews garbage collection for RAII (Resource Acquisition Is Initialization), sometimes called Scope-Bound Resource Management. It only gained concurrency support 2019's v1.39.
To summarise, you can tell a lot about what they're good for by where they came from: Go was built by a giant provider of web services and Rust by a web-browser company. Go's strength is arguably web services being built by DevOps teams, whereas Rust is for lone coders and small teams, building standalone applications. Since the latter is the heartland of Linux and FOSS, you're likely to hear more about it. Since Mozilla cut it off, it's good to know that Rust now has a new strong and well-funded backer.
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The Rust Foundation gets ready to Rumbul (we're sure new CEO has never, ever heard that joke before) - The Register
Sage Sessions X3 kicks off in Orlando with focus on empowering customers and partners to thrive – Yahoo Finance
Annual conference features critical insights, education, and inspiration to enable companies to build and scale their business with Sage X3
ORLANDO, Fla., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Sage (FTSE: SGE), the market leader in cloud business management solutions, today kicks off its annual Sage Sessions X3 conference in Orlando. The hybrid event for Sage X3 customers and partners, held Nov. 15-17, offers attendees both in-person and virtual experience options.
With keynotes and breakout sessions delivered by Sage leaders, customers, and partners, the event is designed to provide the Sage X3 community with the tools to help them grow their business with Sage.
Sage Sessions is our chance to share with customers and partners the strategy and vision of Sage. The versatility of Sage X3 can help their business succeed, and we want them to realize the full potential of the product, said Nancy Harris, EVP and Managing Director of Sage North America. In order to do that, we need to make sure they are supported. We are dedicated to providing a valuable experience that they can take back to their businesses.
Conference highlights in 2021 include:
Sage Sessions Digital Experience Sage is committed to the health and safety of all colleagues, customers, and partners. For those not able to attend the event in person, there is the opportunity to join the Sage Sessions Digital Experience. Designed to offer a virtual front-row seat, the digital experience will offer limited content from Nov. 16-17, including keynote sessions, breakout sessions, and an exhibition.
Guest Keynote: Gary Vaynerchuk A serial entrepreneur, Chairman of VaynerX, and CEO of VaynerMedia, Vaynerchuk is considered one of the leading global minds on whats next in culture, relevance, and the internet. Known as GaryVee, he is described as one of the most forward thinkers in business. He acutely recognizes trends and patterns early to help others understand how these shifts impact markets and consumer behavior.
Feature Speaker: Mickey North Rizza The program vice president of Enterprise Applications and Digital Commerce at IDC, Rizza has over 20 years experience as a practitioner in supply chain, sourcing, and procurement. Additionally, she has several years of technology vendor experience, aiding practitioners on their transformation journey and assisting with market messages.
Sage Sessions X3 will also feature an outstanding Marketplace Expo filled with top Sage X3 partners. This years Platinum Sponsors include:
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Certipro Solutions is a full-service business technology partner. It handles all data connection points including Products, Pricing, Inventory, Customer Information, Order History, and more for business-partner portals and other B2B/B2C eCommerce needs, reducing data errors and eliminating the need for manual data entry.
Net at Work is a top Sage X3 implementation, services, and support partner, plus a full-service consultancy, who will be showcasing two strategic Sage solutions: Cloud at Work (Sage accredited cloud hosting purpose-built to deliver the best experience for Sage) and erpCommerce by Pixafy (fully integrated Sage X3 + Adobe Commerce transactional website live in 60 days).
Paya is a leading provider of integrated and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. Paya serves more than 100,000 customers through over 2,000 key distribution partners focused on targeted, high-growth verticals, such as healthcare, education, non-profit, government, utilities, and other B2B services.
Gold Sponsors: Altec, Avalara, commercebuild, DataSelf Analytics, Prophix Software, SPS Commerce, and True Commerce.
Learn more about Sage Sessions X3 here.
Media contact:Peter Olson peter.olson@sage.com408-878-0951
About Sage Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility, and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise, and insight. Learn more at http://www.sage.com/en-us/ and http://www.sageintacct.com/.
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Sage Sessions X3 kicks off in Orlando with focus on empowering customers and partners to thrive - Yahoo Finance
Telenor taps Google Clouds AI and analytics expertise to target a bigger slice of the digital transformation market – TelecomTV
Telenor wants to play harder and faster in the burgeoning digital transformation market, and to that end it has struck a wide-ranging strategic partnership with Google Cloud partnership that appears to tick a lot of boxes for Telenor: Not only does it give Telenor access to Google's global data centre footprint and expertise in analytics, machine learning and AI, it also comes with a commitment to co-develop and sell new products and services.
The two companies will also look at using Google Cloud to add new bells and whistles to Telenor's IT and networks. They include the potential development of new virtual network functions and edge computing, with a focus on IoT and 5G services. The partnership covers Telenor's consumer and enterprise operations; however, there is a clear emphasis on the latter customer segment.
There is another bullet point that jumps out of the announcement: Telenor and Google will also offer support services to organisations undertaking digital transformations. Hand-holding, trusted partners, and 'upskilling' are all topics that routinely crop up in discussions around digital transformation. For telcos and their partners, it represents an opportunity to forge stronger ties with their enterprise customers.
"We believe that together we can go beyond connectivity to enhance our offering to our customers with new and innovative solutions, whilst improving the overall experience of our current portfolio," said Telenor CEO Sigve Brekke, in a statement.
Telenor is no stranger to public cloud. The Norwegian incumbent is a Microsoft Office 365 reseller and offers business telephony services hosted both in its own data centres as well Microsoft's. In addition, its IoT arm, Telenor Connexion, has been hosting its connectivity management platform on Amazon Web Services (AWS) for years. However, today's deal arguably represents Telenor's broadest and deepest public cloud integration to date.
"We are delighted to collaborate with Telenor to bring together the strengths of both our companies and accelerate innovation in the telecommunications industry," said Google Cloud CEO Thomas Kurian. "We look forward to further accelerating Telenor's ability to digitally transform its customers' businesses with infrastructure, industry solutions and technology expertise."
There is a 'striking while the iron is hot' side to this partnership too.
The pandemic accelerated enterprise investments in digital transformation, as organisations responded to having their staff work from home, and adapted to the disruption wrought on supply chains and channels to market. Even though the pandemic has eased somewhat, a complete return to the old ways of doing business is not going to happen. As a result, according to an IDC report published in October, direct investment in digital transformation is set to increase further, and will account for 55 percent of all global ICT investment by 2024. This represents a compound annual growth rate (CAGR) of 16.5 percent in 2022-24.
"For the first time ever, we see that the majority of enterprise organisations, at 53 percent, have an enterprise-wide digital transformation strategy, a 42 percent increase from just two years ago," said Shawn Fitzgerald, research director, worldwide digital transformation strategies at IDC, in a research note at the time.
In terms of investments, IDC predicts that spending over the aforementioned forecast period will reach a staggering $6.3 trillion. Between 2021 and 2025, the research firm expects digital transformation spending to come in at more than $10 trillion.
In short, there is money to be made, and Telenor reckons that partnering with Google will help it to grab a bigger chunk of that money than it otherwise could.
- Nick Wood, reporting for TelecomTV
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Telenor taps Google Clouds AI and analytics expertise to target a bigger slice of the digital transformation market - TelecomTV
New Apprenticeship Hosting Webinar As Part of National Apprenticeship Week To Help Address Tech Talent Gap – Yahoo Finance
SAN ANTONIO, Texas, Nov. 15, 2021 /PRNewswire/ -- New Apprenticeship (NEW), a federally registered apprenticeship program, will help promote U.S. Department of Labor's National Apprenticeship Week (NAW) taking place November 15-21, 2021. In celebration, NEW will host a free webinar on Friday, November 19th 2021 from 2pm - 3pm EST discussing how employers can address the tech talent gap.
(PRNewsfoto/New Apprenticeship)
To celebrate National Apprenticeship Week, NEW will host free webinar on Friday, 11/19/21 from 2pm - 3pm EST.
This year marks the seventh annual nationwide celebration of Registered Apprenticeships and their ability to improve equity and create career opportunities for underrepresented communities.
Apprenticeship.gov describes NAW as "an opportunity to highlight how Registered Apprenticeship, a proven and industry-driven training model, provides a critical talent pipeline that can help to address some of our nation's pressing workforce challenges."
NEW recently closed $2.5 million in seed funding and has been ramping up efforts to build public awareness of the value tech apprenticeships have to offer job seekers and employers alike. As a federally registered apprenticeship program, NEW partners with forward-thinking companies who recognize that early career employees can be successful on day one without four-year degrees. The program produces high-potential talent which receives specialized education to develop the exact skills needed to excel in fields such as IT, Cloud Architecture and Digital Marketing.
Greg Abbott, Governor of NEW's home state of Texas, released an official proclamation supporting National Apprenticeship Week. Abbott acknowledges the vital role registered apprenticeships have played in Texas's job market for generations, emphasizing that, "as we continue to face the challenges of an ever-changing world, the need for skilled workers to bolster our robust workforce has increased." Abbott also notes that the apprenticeship hands-on learning model "cultivates a skilled and valuable workforce that gives Texas an edge in today's global economy." The governor encourages people to learn more about apprenticeship and the multitudinous benefits it offers.
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"Apprentices of this generation are life-long learners, developing and strengthening relationships with masters, mentors, coaches to accelerate knowledge and become leaders of tomorrow as they advance digital transformation in our culture today," says Aurora Geis, National Director Strategic Relationships & Head Coach at NEW.
According to the U.S. Department of Labor, more than 221,000 people entered apprenticeship programs nationwide in fiscal year 2020. Not only is apprenticeship growing across the United States, but tech talent needs have greatly increased, with 3.72 million IT jobs in the US currently. NEW recognizes the pressing demand for tech talent and continues expanding their initiatives to equip apprentices with exceptional skills in order to meet each employer's unique requirements.
To learn more about how Apprenticeships are addressing the tech talent gap, register for free to join the NAW Webinar on Friday, Nov 19th at 2pm Eastern.
About National Apprenticeship Week
National Apprenticeship Week (NAW) is a U.S. Department of Labor nationwide celebration aimed at bringing together leading business, labor, education, apprentices, and other critical partners to showcase the impact Registered Apprenticeship programs have on building the American workforce, as well as highlight the successes and value of Registered Apprenticeship for re-building our economy, advancing racial and gender equity and supporting underserved communities. Registered Apprenticeships provide the opportunity to assist and propel individuals who have been historically underserved, marginalized, and adversely affected by persistent poverty and inequality by allowing apprentices to earn while they learn and providing a pathway to well-paying careers. For more information, visit apprenticeship.gov/NAW.
About New Apprenticeship
Founded in 2016 in San Antonio, TX, New Apprenticeship partners with employers nationally to transform lives by bridging the gap between what schools teach and only experience can bring. Our experience-based learning and performance coaching system equips workforce talent with the skills they need to accelerate their careers and provides employers with highly qualified and productive talent, creating future leaders in tech. For more information visit: NewApprenticeship.com.
Follow NEW on LinkedIn https://www.linkedin.com/company/new-apprenticeship Follow NEW on Facebook https://www.facebook.com/newapprenticeshiptalent
ContactMatt Urban 330.416.0794 mattu@newapprenticeship.com
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New Apprenticeship Hosting Webinar As Part of National Apprenticeship Week To Help Address Tech Talent Gap - Yahoo Finance