Cloud adoption in the enterprise is opening up new security gaps. Assaf and his team have identified a major one and convinced Sequoia to concept-finance the venture. Very interesting articulation of cloud security issues facing enterprises!
Sramana Mitra: Let’s start with introducing our audience to yourself as well as Adallom. What are you doing? What specifically are the trends that you’re aligning with within the cloud computing space?
Sramana Mitra: What would some of those examples be?
Matthew Dornquast: If you think in terms of just backing up endpoint devices, that makes sense. But still a large chunk of them would say, “If it’s important, it should be in the cloud or it should be in the server room. Therefore, I should need to back up this entire device.” We say to them, “If you do a backup for the entire device, then you will be able to access all of the information on the device from any of your other devices. But when we have all the data on the device safely and securely protected and if you need to know what information was on those devices at a point in time, you will be able to answer that question.”
An Infonetics research report reveals that the global network security appliance and software market was worth $1.8 billion in the fourth quarter of 2013. For the full year 2013, the total network security market grew 2.6% over the year to $6.4 billion. The market mainly comprises of integrated security products, which includes integrated security appliances, secure routers, SSL VPN gateways, and VPN and firewall software.
This interview puts the spotlight on a very interesting topic: how companies that primarily monetize through their enterprise/B2B business and use B2C offerings to test software as well as to generate leads. In the cloud storage business, we’re seeing very interesting trends, and Matthew explains the rationale and the analysis very well. Great conversation!
Sramana Mitra: Tell us about yourself as well introduce our audience to Code42.
According to market reports, the growth in the global ERP and CRM markets is driven by the shift of the industry to the Cloud and Software-as-a-Solution-based offerings. According to a Gartner report, more than 40% of the sales last year in these two markets were SaaS-based. ERP market leader SAP is relying on leveraging their Cloud and HANA offerings to continue to dig deeper into the market.
Looks like the market is beginning to lose patience with Amazon’s (Nasdaq: AMZN) loss-making quarters. Amazon continues to invest in new opportunities and report stellar revenue growth, but margins remain elusive, and that is believed to be by design. On the announcement of the results for the recently ended quarter, Amazon saw their stock fall nearly 12% in response.
According to IDC, worldwide PC shipments fell 1.7% over the year to 74.4 million units in the second quarter of 2014. This was the smallest decline reported in the last two years. Last quarter, Microsoft had announced the end of their support to Windows XP machines. The US and European markets saw growth in their commercial PC shipments as organizations continued to purchase upgrades for Windows XP systems.
Sramana Mitra: San Francisco is very expensive right now but I don’t think it’s as expensive as London or New York.
Peter Bauer: I do have some funny stories. During the interviewing process, there were some guys living in Spain. You realize that these are top class. You get talking about pay and ask for their expectations. Then they say, “Maybe 40,000 pounds a year.” You have to say, “I don’t know how to put this, but we’re going to have to insist that you take at least 55,000 pounds.” They say, “Wow!” Then you would say to him, “Come over here. Look for a flat.” >>>