U.S. markets closed

Hazelcast Announces Managed Service for Simplified Management of Multi-Cloud and Cloud-to-Edge Applications

Hazelcast Cloud Enterprise significantly increases performance, security and availability for cloud-based applications

SAN MATEO, Calif., March 31, 2020 /PRNewswire/ -- Hazelcast, the leading in-memory computing platform, today announced the availability of Hazelcast Cloud Enterprise on Amazon Web Services (AWS), a low-latency deployment of Hazelcast software as a managed service designed to improve the performance, security and ease of management of cloud-based applications. Featuring built-in security and a cloud-agnostic architecture, Hazelcast Cloud Enterprise exceeds the speed, scale, security, and high-availability capabilities of existing commoditized cloud data store services today, especially for large-scale enterprise deployments.

Hazelcast Logo (PRNewsfoto/Hazelcast, Inc.)

According to recent research1 in collaboration with Intel, IT decision-makers identified cloud application performance (40%) as the number one opportunity to unlock profits, with financial services (49%), telecommunications (42%) and e-commerce (40%) ranking it the highest among verticals surveyed. However, security (97%) and performance (90%) were cited as two of the top challenges when migrating to the cloud.

"Hazelcast Cloud Enterprise enables organizations to easily scale resources and deliver the performance necessary to support microservices and mission-critical business applications, especially those focused on enhancing the customer experience," said Enes Akar, CTO for Hazelcast Cloud. "With the availability of Hazelcast Cloud Enterprise, we now offer simplicity, scalability and freedom for organizations to develop their applications in a manner that can be deployed where they best serve the end-user, whether that is AWS, Google Cloud, Microsoft Azure, IBM Cloud or on-premises."

In-Memory Computing as a Service
Hazelcast maintains both the software and cloud infrastructure, enabling rapid uptime and freeing customers to focus on developing innovative, business-critical applications. Hazelcast Cloud Enterprise runs the Hazelcast IMDG Enterprise HD edition, providing customers with advanced features that include high-density scale, over-the-wire encryption and replication/failover capabilities that safeguard against single-zone failures.

"While the financial model of the cloud is attractive, for many mission-critical applications it presents an unacceptable tradeoff due to the negative business impact of application performance degradation," said Kelly Herrell, CEO of Hazelcast. "With Hazelcast Cloud Enterprise, customers now gain the winning combination of the cloud financial model coupled with the required application performance and maximum resilience for business continuity."

Beyond Single-Zone High Availability
Business continuity is dependent upon access to data, even during a hardware or network failure. To safeguard against potential outages and maintain high availability, Hazelcast IMDG offers both intra-cluster and WAN replication to create redundancy and avoid single points of failure. With WAN replication in the underlying software, Hazelcast Cloud Enterprise will soon enable businesses to replicate data across geographically dispersed locations, including multiple zones, multiple cloud vendors and on-premises data centers. The result is a reliable and simplified platform that shortens the development and deployment cycle for multi-cloud, hybrid cloud and cloud-to-edge applications.

Built-In Security
With data security being a never-ending battle, Hazelcast Cloud Enterprise features built-in security to safeguard against potential breaches. In addition to secure connectivity features in AWS, such as VPC Peering and PrivateLink, Hazelcast encrypts transmission between all nodes and connected clients to retain complete data privacy. Even Hazelcast administrators do not have access to any customer data.

Availability and Cloud Spends
Hazelcast Cloud Enterprise is now available on Amazon Web Services (AWS) and is SOC2 Type 1 compliant, with Type 2 expected by the end of the year. The service is expected to be available on Google Cloud Platform (GCP) and Microsoft Azure later this year.

Purchasing Hazelcast Cloud Enterprise through the respective cloud's marketplace can count against any contractual spend with that provider. The managed service is also available directly from Hazelcast and interested parties can contact their local sales representative for more information.

Additional Resources

Footnotes
(1) "Infinity Data" by Hazelcast and Intel, November 2019

About Hazelcast, Inc.
Hazelcast delivers the in-memory computing platform that empowers Global 2000 enterprises to achieve ultra-fast application performance - at any scale. Built for low-latency data processing, Hazelcast's cloud-native in-memory data store and event stream processing software technologies are trusted by leading companies such as JPMorgan Chase, Charter Communications, Ellie Mae, UBS and National Australia Bank to accelerate data-centric applications.

Hazelcast is headquartered in San Mateo, CA, with offices across the globe. To learn more about Hazelcast, visit https://hazelcast.com.

 

Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/hazelcast-announces-managed-service-for-simplified-management-of-multi-cloud-and-cloud-to-edge-applications-301032310.html

SOURCE Hazelcast, Inc.

  • Business
    Bloomberg

    O.J., Accounting Fraud, Icahn: The Story of Hertz Going Bust

    Enterprise Holdings Inc. and Avis Budget Group Inc. are suffering through the same Covid-19 drought, but Hertz's own bad decisions and hard luck made it vulnerable at the worst time. No telling of Hertz's history is complete without mention of perhaps the most disastrous end to a major celebrity-endorsement deal of all time. Hertz was owned by Ford in the summer of 1994 when police pursued O.J. Simpson in a white Bronco SUV for the murder of his ex-wife, Nicole Brown Simpson, and her friend Ron Goldman.

  • U.S. Stock Futures Open Flat as Tensions Mount: Markets Wrap
    World
    Bloomberg

    U.S. Stock Futures Open Flat as Tensions Mount: Markets Wrap

    Currency markets and U.S. equity futures saw a placid start to trading early on Monday as traders monitored more signs of economies reopening around the world against a deepening of tensions between the U.S. and China. The Australian dollar and the offshore yuan edged lower, though trading will be light with holidays in the U.S., U.K. and Singapore. The U.S. should give up its “wishful thinking” of changing China, Chinese Foreign Minister Wang Yi said, warning that American leaders are potentially pushing toward a new Cold War.

  • If You'd Invested $10,000 in Moderna's IPO, Here's How Much Money You'd Have Now
    Business
    Motley Fool

    If You'd Invested $10,000 in Moderna's IPO, Here's How Much Money You'd Have Now

    Buying Moderna (NASDAQ: MRNA) at its initial public offering (IPO) is a great example. While the overall stock market is still down year to date even after a solid rebound, shares of Moderna have skyrocketed close to 250% higher this so far year. Investors have flocked to the biotech stock because of the company's promising COVID-19 vaccine candidate.

  • Dow Jones Futures: Breakouts Slowing In Coronavirus Stock Market Rally, But These Five Titans Are Near Buy Points
    Business
    Investor's Business Daily

    Dow Jones Futures: Breakouts Slowing In Coronavirus Stock Market Rally, But These Five Titans Are Near Buy Points

    Dow Jones futures rose modestly Sunday, along with S&P 500 futures and Nasdaq futures. The coronavirus stock market rally powered ahead last week, with the Nasdaq composite nearing all-time highs. Apple, Microsoft, Google parent Alphabet, Tesla and Advanced Micro Devices are all near buy points.

  • Recession Ahead? Time To Shift Your Stock Mutual Funds To Cash?
    Business
    Investor's Business Daily

    Recession Ahead? Time To Shift Your Stock Mutual Funds To Cash?

    Should you cash out of stock funds in your retirement savings accounts now that you've regained some losses? After all, even if the coronavirus stock market correction is easing and IRA and 401(k) balances are rebounding, a recession has begun. This recession could be the worst since World War II, Bank of America Global Research predicts.

  • Stashing some gold? Here’s why that could soon be illegal, according to one notable hedge-fund bear
    Business
    MarketWatch

    Stashing some gold? Here’s why that could soon be illegal, according to one notable hedge-fund bear

    Odey said that when the economy recovers from the coronavirus pandemic, which he has likened to the Great Depression, central banks won't be able to contain inflation. “History is filled with examples where rulers have, in moments of crisis, resorted to debasing the coinage,” said Odey, who has raised his gold position in his flagship Odey European fund all the way up to 39.9% as of the beginning of the month from 15.9% at the end of March. Fear of government confiscation, as Bloomberg News explained, is often discussed among serious gold bugs — it happened in the U.S. in 1933 — but with major currencies no longer linked to gold, there are no signs such a move is realistically even being considered by central banks.

  • Rachel Maddow wins defamation lawsuit against One America News
    Business
    Yahoo Entertainment

    Rachel Maddow wins defamation lawsuit against One America News

    A defamation lawsuit involving Rachel Maddow and One America News was thrown out by a federal judge on Friday.

  • Airline Stocks Are Soaring: Should You Buy or Sell?
    Business
    Motley Fool

    Airline Stocks Are Soaring: Should You Buy or Sell?

    As a result, shares of major airlines like American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and United Airlines (NASDAQ: UAL) have lost half to two-thirds of their value over the past three months. However, airline stocks bounced back in a big way this week, lifted by signs that travel demand is starting to recover. United Airlines shares led the way, surging 27.5%.

  • Tilray's CEO Expects at Least a Dozen Cannabis Bankruptcies in 2020 -- Is He Right?
    Business
    Motley Fool

    Tilray's CEO Expects at Least a Dozen Cannabis Bankruptcies in 2020 -- Is He Right?

    Canadian cannabis company Tilray's (NASDAQ: TLRY) CEO believes that at least 12 marijuana companies will go under this year. In March, Tilray announced that it would be raising $90.4 million through an offering, largely because the company still could. CEO Brendan Kennedy told BNN Bloomberg that he "wasn't sure anyone was going to be able to raise any money in this industry again" and that "when we had the opportunity to strengthen the balance sheet, we did."

  • Don’t even think of owning stocks unless you’re willing to buy and hold for at least 10 years
    Business
    MarketWatch

    Don’t even think of owning stocks unless you’re willing to buy and hold for at least 10 years

    In fact, only if you're willing not to touch your money for 10 years — until 2030 — should you even think of putting new money into the stock market right now. After holding stocks for at least 10 years, you have an 80% chance of outperforming bonds. If a one-out-of-five chance of lagging bonds is still too high, you need to be prepared to leave your equity investments untouched for even longer than 10 years.

  • Exclusive: U.S. accuses China of blocking U.S. flights, demands action
    Business
    Reuters

    Exclusive: U.S. accuses China of blocking U.S. flights, demands action

    The U.S. government late on Friday accused the Chinese government of making it impossible for U.S. airlines to resume service to China and ordered four Chinese air carriers to file flight schedules with the U.S. government. The administration of President Donald Trump stopped short of imposing restrictions on Chinese air carriers but said talks with China had failed to produce an agreement. The U.S. Transportation Department, which is trying to persuade China to allow the resumption of U.S. passenger airline service there, earlier this week briefly delayed a few Chinese charter flights for not complying with notice requirements.

  • Results: NVIDIA Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
    Business
    Simply Wall St.

    Results: NVIDIA Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

    Taking into account the latest results, the current consensus from NVIDIA's 35 analysts is for revenues of US$14.5b in 2021, which would reflect a substantial 23% increase on its sales over the past 12 months. Per-share earnings are expected to rise 7.6% to US$5.84. In the lead-up to this report, the analysts had been modelling revenues of US$13.6b and earnings per share (EPS) of US$6.44 in 2021.

  • These 4 stocks are investment pros’ favorites — and not one is a ‘FAANG’ stock
    Business
    MarketWatch

    These 4 stocks are investment pros’ favorites — and not one is a ‘FAANG’ stock

    It takes guts to be a value investor these days. According to a recent analysis from Research Affiliates, value has lagged growth now for more than 13 years — the longest stretch in recorded U.S. market history. This has led to a seemingly-endless series of pronouncements in recent years that value investing is dead.

  • Notable Insider Buys This Past Week: Berkshire Hathaway, Sysco And More
    Business
    Benzinga

    Notable Insider Buys This Past Week: Berkshire Hathaway, Sysco And More

    Activist investor Nelson Peltz and one other SYSCO Corporation (NYSE: SYY) director each indirectly added 103,700 shares of this food services giant to their stakes. Sysco's disappointing fiscal third-quarter earnings posted earlier this month were followed by lowered price targets. The stock ended last week's trading at $51.75 per share, still within the above purchase price range.

  • Mortgage rates fall to near-historic low on concerns about coronavirus pandemic
    Business
    MarketWatch

    Mortgage rates fall to near-historic low on concerns about coronavirus pandemic

    Mortgage rates fell to near-record lows — and there's reason to think they will drop even lower in the future. The 30-year fixed-rate mortgage averaged 3.24% for the week ending May 21, down four basis points from a week ago, Freddie Mac (FMCC)  reported Thursday. For the 15-year fixed-rate mortgage, the average rate dropped two basis points to 2.7%.

  • President Trump's Private Banking Information May Have Been Accidentally Shared During a Press Briefing
    Politics
    Meredith Videos

    President Trump's Private Banking Information May Have Been Accidentally Shared During a Press Briefing

    President Donald Trump's private banking information may have been accidentally shared during a press briefing

  • ‘It’s time for China to blink first,’ says Rep. Sherman, who leads the drive to delist China stocks
    Business
    MarketWatch

    ‘It’s time for China to blink first,’ says Rep. Sherman, who leads the drive to delist China stocks

    The time has long passed for Washington to force Chinese companies to provide the same investor protections that U.S. companies have for decades, says Democratic Rep. Brad Sherman of California, who is leading the effort in the House of Representatives to force Chinese companies to submit to U.S. securities laws, or be barred from raising money in U.S. financial markets. “The purpose here is not to delist or de-register; it's to demand that China do what every other country has done and agree that if their companies want to participate in U.S. capital markets, they agree to live by U.S. capital-markets rules,” Sherman argued in an interview with MarketWatch. “It's time for China to blink first for the benefit of investors.”

  • Is Alibaba Group Holding Limited (BABA) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Alibaba Group Holding Limited (BABA) A Good Stock To Buy?

    Insider Monkey's flagship short hedge fund strategy beat the S&P 500 short ETFs by around 20 percentage points a year since its inception in March 2017. Our portfolio of short stocks lost 36% since February 2017 (through May 18th) even though the market was up 30% during the same period. We just shared a list of 8 short targets in our latest quarterly update .

  • 5 million student-loan borrowers may see their credit scores fall after CARES Act paused loan payments — ‘It’s another battle’
    Business
    MarketWatch

    5 million student-loan borrowers may see their credit scores fall after CARES Act paused loan payments — ‘It’s another battle’

    But it's based on an algorithm that's often opaque to consumers and it relies on lenders reporting information to credit bureaus accurately. The faith in these credit reports being accurate is just enormous,” said Seth Frotman, the executive director of the nonprofit advocacy group Student Borrower Protection Center, which filed a class-action lawsuit against Great Lakes, Equifax, TransUnion Experian and VantageScore accusing the companies of illegally damaging borrowers' credit scores. When the companies responsible fail, and in this case fail miserably, it could impact millions of borrowers' lives.

  • Over 4 million Americans are now skipping their mortgage payments
    Business
    MarketWatch

    Over 4 million Americans are now skipping their mortgage payments

    Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn't out of the woods yet. More than 4.1 million homeowners are in forbearance plans now, according to the latest data from the Mortgage Bankers Association. While mortgage servicers are still facing stress because of the record deluge of requests for payment relief, signs suggest that homeowners' prospects have improved as parts of the country have begun to emerge from coronavirus stay-at-home orders.

  • 2 Dividend Stocks You Can Safely Hold for Decades
    Business
    Motley Fool

    2 Dividend Stocks You Can Safely Hold for Decades

    While it's not the end-all indicator of a company's staying power, a company that has consistently raised its dividend for decades is likely one that possesses a durable competitive advantage that allows it to grow its revenue and profits over time. Here are two stocks that have delivered a good balance of capital appreciation and rising dividend payments for more than 25 years. Walmart (NYSE: WMT) currently pays a dividend yield of 1.72%.

  • China Roundup: A blow to US-listed Chinese firms and TikTok's new global face
    Business
    TechCrunch

    China Roundup: A blow to US-listed Chinese firms and TikTok's new global face

    Hello and welcome back to TechCrunch's China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It's been a tumultuous week for Chinese tech firms abroad: Huawei's mounting pressure from the U.S., a big blow to U.S.-listed Chinese firms, and TikTok's high-profile new boss. China tech abroad Further decoupling Over the years, American investors have been pumping billions of dollars into Chinese firms listed in the U.S., from giants like Alibaba and Baidu to emerging players like Pinduoduo and Bilibili.

  • Coronavirus update: U.S. death toll approaches 100,000 as CDC’s testing practices are criticized by health experts
    Business
    MarketWatch

    Coronavirus update: U.S. death toll approaches 100,000 as CDC’s testing practices are criticized by health experts

    The U.S. death toll from the coronavirus that causes COVID-19 edged closer to 100,000 on Saturday, as the news emerged that the Centers for Disease Control and Prevention has been combining the results of two different types of tests for the illness in a move that has been sharply criticized by health experts. The CDC has been combining diagnostic test results, which show whether a patient currently has the virus, with antibody test results that measure whether someone has ever had the virus, the Atlantic magazine reported. The CDC confirmed the report to MarketWatch. The story cited Ashish Jha, the K. T. Li Professor of Global Health at Harvard and the director of the Harvard Global Health Institute, as saying the two tests provide totally different signals.

  • IBM Is Said To Make Far-Reaching Job Cuts Across The U.S.
    Business
    SmarterAnalyst

    IBM Is Said To Make Far-Reaching Job Cuts Across The U.S.

    IBM Corp. (IBM) is said to reduce the number of employees across the U.S., streamlining its workforce in at least five states. The company declined to comment on the total number, but the workforce reductions appear far-reaching, according to a Bloomberg report. “Recognizing the unique and difficult situation this business decision may create for some of our employees, IBM is offering subsidized medical coverage to all affected U.S. employees through June 2021.”

  • Business
    Bloomberg

    Baidu Investors Fell Out of Love Years Ago

    Listed on the Nasdaq a decade earlier, shares of the Chinese search-engine provider had taken a beating over the prior year, and Li's chief complaint was that Americans just didn't appreciate the coming changes in its business. The trend in China was toward services like delivery and ride-hailing, as well as bookings for restaurants, beauty salons and doctors. Now, it seems that Li has lost patience.