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NetApp to acquire Spot (formerly Spotinst) to gain cloud infrastructure management tools

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When Spotinst rebranded to Spot in March, it seemed big changes were afoot for the startup, which originally helped companies find and manage cheap infrastructure known as spot instances (hence its original name). We had no idea how big at the time. Today, NetApp announced plans to acquire the startup.

The companies did not share the price, but Israeli publication CTECH pegged the deal at $450 million. NetApp would not confirm that price.

It may seem like a strange pairing, a storage company and a startup that helps companies find bargain infrastructure and monitor cloud costs, but NetApp sees the acquisition as a way for its customers to bridge storage and infrastructure requirements.

“The combination of NetApp’s leading shared storage platform for block, file and object and Spot’s compute platform will deliver a leading solution for the continuous optimization of cost for all workloads, both cloud native and legacy,” Anthony Lye, senior vice president and general manager for public cloud services at NetApp said in a statement.

Spot helps companies do a couple of things. First of all it manages spot and reserved instances for customers in the cloud. Spot instances in particular, are extremely cheap because they represent unused capacity at the cloud provider. The catch is that the vendor can take the resources back when they need them, and Spot helps safely move workloads around these requirements.

Reserved instances are cloud infrastructure you buy in advance for a discounted price. The cloud vendor gives a break on pricing, knowing that it can count on the customer to use a certain amount of infrastructure resources.

At the time it rebranded, the company also had gotten into monitoring cloud spending and usage across clouds. Amiram Shachar, co-founder and CEO at Spot, told TechCrunch in March, “With this new product we’re providing a more holistic platform that lets customers see all of their cloud spending in one place — all of their usage, all of their costs, what they are spending and doing across multiple clouds — and then what they can actually do [to deploy resources more efficiently],” he said at the time.

Shachar writing in a blog post today announcing the deal indicated the company will continue to support its products as part of the NetApp family, and as startup CEOs typically say at a time like this, move much faster as part of a large organization.

“Spot will continue to offer and fully support our products, both now and as part of NetApp when the transaction closes. In fact, joining forces with NetApp will bring additional resources to Spot that you’ll see in our ability to deliver our roadmap and new innovation even faster and more broadly,” he wrote in the post.

NetApp has been quite acquisitive this year. It acquired Talon Storage in early March and CloudJumper at the end of April. This represents the twentieth acquisition overall for the company, according to Crunchbase data.

Spot was founded in 2015 in Tel Aviv. It has raised over $52 million, according to Crunchbase data. The deal is expected to close later this year, assuming it passes typical regulatory hurdles.

Lyron Foster is a Hawaii based African American Musician, Author, Actor, Blogger, Filmmaker, Philanthropist and Multinational Serial Tech Entrepreneur.

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Hawaii Tech Company MobileGrindz Offers Restaurants an Alternative to Food Service Tech Platforms

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MobileGrindz offers enhanced benefits and lower cost than other food ordering platforms

Honolulu, Aug 2, 2020 – MobileGrindz, a Hawaii based Technology company, has announced the upcoming debut of their foodservice platform that aims to redefine the way food ordering systems and restaurants work together. This venture, spearheaded by Hawaii Local and Black Entrepreneur Lyron Foster, aims to bring additional job opportunities to Hawaii.

With food delivery apps continuing to gain popularity – more than 20% of smartphone users are expected to use food delivery apps by 2021 – restaurants are looking for better ways to offer such services while also boosting their bottom line. 

Many food ordering platforms charge restaurants up to 20% of their orders, which tends to undercut sales severely and adversely affect restaurants. MobileGrindz wants to offer a better solution for restaurants. With their platform, a flat technology fee is charged per month instead of a percentage of sales. This fee structure intends to help businesses better control their costs, make more money, and remain competitive. 

The MobileGrindz team isn’t stopping there. They are working to help restaurants earn more sales in general. One way they are doing this is by offering completely custom and free mobile apps for iOS and Android. This will allow restaurants’ customers to place orders and track their deliveries seamlessly.

Unlike most competitors on the market today, MobileGrindz will offer native apps for restaurants that will let them set up geo-based triggers for promotions that target foot traffic. In addition, this will allow restaurants to offer push notifications which restaurants can utilize to keep their customers informed of special offers and discounts. 

MobileGrindz will also eliminate third party funds disbursements by integrating third-party payment gateways, including Stripe, PayPal, Authorize.net, and others. The inclusion of additional payment gateways will allow restaurants to easily process payments independently and receive revenue more quickly.

The MobileGrindz team says that they will begin on-boarding early adoption users in mid-August, with a general launch of the platform slated for September 1, 2020.

More information can be found at https://www.mobilegrindz.com/

About MobileGrindz

MobileGrindz offers a cost-effective alternative to food ordering platforms for restaurants, helping them better promote their businesses while saving money. 

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Lyron Foster, CEO

MobileGrindz

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Website: https://www.mobilegrindz.com/ 

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Source : MobileGrindz LLCCategories : Business , Food , Mobile , Restaurants , RetailTags : COVID19 , Restaurants , Food , Delivery , Mobile Order , Food Service , Food Delivery , MobileGrindz , Hawaii , Lyron Foster

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Being a Black Entrepreneur in the United States. Learn lessons from Lyron Foster

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Lyron Foster
Lyron has encountered discrimination and other business setbacks. But with determination, successful entrepreneurship in the United States is possible.

Lyron Foster is a very determined and prolific entrepeneur. Becoming an entrepreneur isn’t as easy as one thinks it to be. The journey is full of many challenges, roadblocks, hurdles, and can even turn into failures. However, people who are determined enough, overcome these challenges and establish themselves as entrepreneurs. Entrepreneurs create new business while bearing most of the risks and enjoying the rewards, at the same time. Such people innovate as they become a source of new ideas, goods, services, and business procedures. Entrepreneurs play a key role in the economy where they use their skills to bring new ideas into the market. If their ideas are successful, they are awarded profits, fame, and continued growth opportunities. Lyron Foster is one such successful entrepreneur who has made a name for himself in the business world. He is the CEO of Code Armada, along with 87 other technology brands across 4 countries. He was also the co-founder/CTO of Hostgator.com. He is a renowned serial entrepreneur, author, investor, coder, and technologist.

Lyron had always been interested in technology. According to his family, he had always possessed a natural aptitude for it. He started programming at the age of 12 and started experimenting with Slackware Linux at the age of 13. Over the years, he mastered the skills required to become a technologist. He was only 21 years old when he got his first real “technology” job at BurstNet working as a Linux Engineer. Soon he emerged as a successful technologist, having mastered all the skills. His passion for technology remained constant throughout his life.

Apart from being a successful technologist, Lyron is largely known for his serial entrepreneurship. As a serial entrepreneur, Lyron is continuously coming up with new ideas and starting new businesses. A serial entrepreneur often comes up with an idea and works on setting things up. Once things get started, they give the responsibility to someone else and move on to a new idea and a new venture. Throughout his career, some of the most memorable experiences had to be focused on his business failures and successes. He has often been lucky enough to found or co-found some of the most amazing ventures, such as Code Armada and Hostgator.  However, he has also had the misfortune of experiencing multiple business failures first hand. But Lyron never let this get to him as he learned from his mistakes and always performed better later on. He has learned lots from both his successes and failures. To this date, he has founded or co-founded over 87 businesses across 4 countries.

Despite experiencing multiple business failures, Lyron Foster has never given up and continues to thrive. His peerless determination rivals that of some of the biggest names in business.

One of his most successful business has been HostGator. HostGator was founded in a dorm room at Florida Atlantic University. HostGator has now grown into a leading provider of Shared, Reseller, VPS, and Dedicated web hosting. It is headquartered in Houston and Austin, Texas, with several international offices throughout the globe. Whether you are looking for a personal website hosting plan or a business website hosting plan, HostGator is the perfect solution for it. Their powerful website hosting services do not only help people achieve their overall website goals, but also provides them with the confidence they need in knowing that they have been with a reliable and secure website hosting platform. HostGator is the easiest website hosting platforms to use where Lyron served as the CTO for HostGator.

Currently, Lyron has extended his services to Code Armada, where he serves as the CEO of the company. The Code Armada is a leading US Based Technology Services & Staffing Solutions provider. They train and nurture the world’s top IT talent and then put them to work for businesses around the globe. Lyron has been successfully provided IT talent to the world.

Despite being such a busy man, Lyron finds time for his personal life as he showcases it on his Instagram. He can be seen sharing pictures of his delicious food, his friends and family, and his adventures around town.

For more information, people can follow him on Twitter at @LyronFoster or on Instagram at @lfoster96720.

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Exploiting wormable flaw on unpatched Windows devices is about to get easier

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Exploiting wormable flaw on unpatched Windows devices is about to get easier

Enlarge (credit: Windows)

A researcher has published exploit code for a Microsoft Windows vulnerability that, when left unpatched, has the potential to spread from computer to computer with no user interaction.

So-called wormable security flaws are among the most severe, because the exploit of one vulnerable computer can start a chain reaction that rapidly spreads to hundreds of thousands, millions, or tens of millions of other vulnerable machines. The WannaCry and NotPetya exploits of 2017, which caused worldwide losses in the billions and tens of billions of dollars respectively, owe their success to CVE-2017-0144, the tracking number for an earlier wormable Windows vulnerability.

Also key to the destruction was reliable code developed by and later stolen from the National Security Agency and finally published online. Microsoft patched the flaw in March 2017, two months before the first exploit took hold.

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