STOCK TITAN

Scality and TD SYNNEX partner to meet ransomware protection requirements for organizations in Germany, Austria and Switzerland

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
partnership
Rhea-AI Summary
Scality partners with TD SYNNEX to distribute cyber-resilient storage solutions in the DACH region, enhancing ransomware protection for enterprises. The collaboration aims to provide affordable, enterprise-grade object-storage software to strengthen cyber security posture across hybrid-cloud environments.
Positive
  • None.
Negative
  • None.

Insights

The strategic partnership between Scality and TD SYNNEX is a significant development in the cybersecurity field, especially concerning ransomware defense. Ransomware has become a critical threat to businesses, with attacks becoming more sophisticated, often crippling operations and causing significant financial losses. The collaboration aims to provide enterprises with advanced object-storage solutions that offer immutable, ransomware-proof backups, which is a vital component in a robust cyber-resiliency strategy.

Immutable backups are non-erasable and non-modifiable, meaning that once data is written, it cannot be altered or deleted by anyone, including ransomware attackers. This makes it an essential tool for businesses to recover from ransomware attacks without paying the ransom. By offering enterprise-grade capabilities at a lower price point, Scality's ARTESCA software could become a go-to solution for businesses seeking affordable yet effective ransomware protection.

From a market perspective, the partnership between Scality and TD SYNNEX is poised to tap into the growing demand for cybersecurity solutions in the DACH region, which includes Germany, Austria and Switzerland. The rise in ransomware attacks globally has led to increased investment in cyber-resiliency from enterprises, driving the market for backup and disaster recovery solutions.

TD SYNNEX's established distribution network and expertise in maximizing technology investments could significantly increase the market penetration of Scality's solutions. By leveraging TD SYNNEX's distribution channels, Scality is likely to see an expansion of its customer base, potentially leading to increased market share and revenue growth. This partnership is also an indicator of the broader trend towards channel-first strategies in the cybersecurity industry, where collaboration with local experts can facilitate tailored solutions that meet regional security needs and compliance regulations.

Investors and stakeholders in the cybersecurity sector should consider the implications of Scality's partnership with TD SYNNEX. This collaboration could enhance Scality's financial performance by expanding its presence in the DACH region, a key market in Europe. The ability to offer cost-effective, enterprise-grade ransomware protection solutions through a reputable distributor like TD SYNNEX might enable Scality to capture a larger share of the cybersecurity budget of enterprises.

Furthermore, the emphasis on AI-driven ransomware attacks in the announcement suggests that Scality is focusing on next-generation threats, which may position the company as a forward-thinking player in the cybersecurity space. This strategic positioning, combined with the potential for increased sales and market reach, could positively impact Scality's valuation and attractiveness to investors.

Collaboration advances enterprise cyber-resiliency footprint across hybrid environments with immutable object storage software

SAN FRANCISCO, April 9, 2024 /PRNewswire/Scality, a global leader in cyber-resilient storage for the AI era, today announced a strategic partnership with TD SYNNEX to distribute Scality's secure, simple object-storage software solutions to resellers serving enterprises in the DACH region. The partnership extends the reach of Scality's advanced object-storage solutions to organizations seeking affordable, enterprise-grade ransomware backup solutions to strengthen their cyber security posture across hybrid-cloud environments.

For decades, TD SYNNEX has helped maximize the value of technology investments, demonstrate business outcomes, and unlock growth opportunities for its diverse customer base. As a premier distribution partner for Scality in the DACH region, TD SYNNEX will give enterprises across Germany, Austria and Switzerland an easy on-ramp to unbreakable ransomware protection with Scality's cyber-resilient object storage software.

Christoph Storzum, Scality vice president of sales, European region. "It's exciting to have TD SYNNEX as part of our distribution partner network. It reinforces our channel-first strategy of building a diversified partner ecosystem that allows us to leverage the strengths of industry experts in key regions. We share a common goal — ensuring that organizations have the best defense against ransomware attacks, which are only getting more sophisticated and evasive due to AI. This is only the beginning of a partnership that has enormous growth potential for an extended network of VARs, and we are committed to providing all the necessary resources to support their success and ability to address their customers' most pressing cyber resiliency and ransomware protection challenges."

The partnership gives channel partners easy access to Scality's industry-leading solutions for ransomware protection, hybrid cloud and AI. ARTESCA is a cyber-resilient S3 object storage software that delivers five levels of protection for immutable, ransomware-proof backups. It provides enterprise-grade capabilities at a low price-point to ensure organizations have a trusted last line of defense backup solution to strengthen their cybersecurity posture. Additionally, enterprises and service providers creating unbreakable cloud data centers can choose Scality's RING software to support any combination of use cases thanks to its cloud-style economics and limitless, independent scale-out of capacity and throughput performance.

Michael Görner, TD SYNNEX vice president of advanced solutions: "Partnering with Scality supports our ability to ensure our solution provider network can adequately address the real-world ransomware protection needs of organizations that are now facing more menacing threats than ever. TD SYNNEX has a specialized team of experts who are eager to assist our solution providers in learning about Scality's ransomware backup solutions so they can seize new market opportunities and, ultimately, help their clients become unbreakable against ransomware."

Scality is the only independent and 100% software-defined storage company leading the Gartner Magic Quadrant for distributed file systems and object storage for eight consecutive years. This market validation, coupled with Scality's disruptive product innovation and partner-first growth strategy, has accelerated Scality solutions' deployment across industries, including banking, healthcare and government entities to name a few.

Designed according to zero-trust principles, the company's latest solution, ARTESCA, includes over 12 security innovations that set a new standard for cyber-resilient storage. ARTESCA is the only S3 object storage software that offers the strongest form of data immutability plus end-to-end cyber resilience to protect data at five core levels, ensuring zero data loss. Its ability to easily scale to multi-petabytes while offering impressive performance at low TCO sets it apart from both traditional solutions and other object stores. This unrivaled combination of benefits makes it an essential component of an enterprise's cyber-resiliency toolkit.

About Scality
Scality solves organizations' biggest data storage challenges — security, performance, and cost. Designed to provide the strongest form of immutability plus end-to-end cyber resilience, Scality solutions safeguard data at five core levels for unbreakable ransomware protection. Delivering utmost resilience, Scality makes storage infrastructures limitlessly scalable in all critical dimensions. The world's most discerning companies trust Scality so they can grow faster and execute AI data-driven ideas quicker — while increasing efficiency and avoiding lock-in. Recognized as a leader by Gartner, Scality S3 object storage software is reliable, secure and sustainable. Follow us on Twitter and LinkedIn. Visit www.scality.com and our blog.

About TD SYNNEX
TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Fremont, California, and Clearwater, Florida, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/scality-and-td-synnex-partner-to-meet-ransomware-protection-requirements-for-organizations-in-germany-austria-and-switzerland-302110791.html

SOURCE Scality

FAQ

What is the partnership between Scality and TD SYNNEX about?

The partnership aims to distribute Scality's secure object-storage software solutions to resellers in the DACH region to enhance cyber-resilience for enterprises.

What are the benefits of the partnership for organizations in Germany, Austria, and Switzerland?

Enterprises in these regions will have access to affordable ransomware backup solutions to strengthen their cyber security posture across hybrid-cloud environments.

What does Scality's ARTESCA software offer for ransomware protection?

ARTESCA provides five levels of protection for immutable, ransomware-proof backups, ensuring organizations have a trusted last line of defense backup solution.

How can enterprises benefit from Scality's RING software?

Enterprises and service providers can use RING software to support any combination of use cases with cloud-style economics and limitless scale-out capacity and performance.

Who is the vice president of sales for Scality in the European region?

Christoph Storzum is the vice president of sales for Scality in the European region.

What expertise does TD SYNNEX offer in addressing ransomware protection needs?

TD SYNNEX has a specialized team of experts to assist solution providers in learning about and addressing ransomware protection needs.

TD SYNNEX Corporation

NYSE:SNX

SNX Rankings

SNX Latest News

SNX Stock Data

10.00B
75.57M
11.06%
87.95%
1.88%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
Link
United States of America
FREMONT