Product development, Cloudflare, appointments, cloud storage, managed public cloud, strategic developments

  • October 3, 2022
  • Analyst: Philbert Shih

The week saw more shuffling in executive circles, while Cloudflare rolled out a number of new products and providers in the managed infrastructure and public cloud space continued to push forward. There was also some strategic activity of note.

For the second consecutive week, there was movement in the executive ranks. Rackspace, somewhat surprisingly, named a new CEO to replace Kevin Jones, while Cologix also brought in a new CEO. This followed last week’s hire of Eric Schwartz as the new CEO of CyrusOne. Element Critical added two C-level hires and both DC BLOXDE-CIX and Hyperco brought in new senior executives.

Cloudflare rolled out a number of new products over the last week or so. This was highlighted by the launch of the R2 cloud storage service into GA. R2 is aimed at egress fees charged by the hyperscalers and is an attempt at meaningful disruption. Other new Cloudflare offerings that were introduced included access and data security features and new data localization capabilities for the APAC market.

The managed public cloud market continues to drive growth at providers like Rackspace, but traditional infrastructure is still seeing demand. in light of this reality, Rackspace is putting a bit of renewed emphasis on this opportunity and rolled out a new program aimed at winning these workloads. Elsewhere in managed public cloud, Ensono released new professional services capabilities for managed cloud services and Ntirety expanded its security and compliance portfolio.

The strategic side saw a few noteworthy developments. Evolution Data Centers in APAC formed a JV with Warburg Pincus, the 1500 Champa building is now the foundation of RadiusDC and cloud storage provider Wasabi closed $250m in debt and equity.

Finally, there was more hyperscale activity. Oracle Cloud opened its new region in SpainAlibaba Cloud revealed plans to expand outside China in international markets and Tencent Cloud set up a new partnership to target the metaverse.