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Five Minute Briefing - Information Management
February 2, 2021

Five Minute Briefing - Information Management: February 2, 2021. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.

News Flashes

ALTR, provider of advanced data security for data-driven enterprises, is releasing ALTR Cloud Integration for Snowflake, delivering direct cloud-to-cloud data security. ALTR extends Snowflake's built-in security with the simplicity of ALTR's real-time data consumption governance capabilities for observing, detecting and responding to threats and anomalies, according to the vendor.

Databricks has announced a $1 billion investment. The Series G funding, led by new investor Franklin Templeton, puts Databricks at a $28 billion post-money valuation.

Varada, the data lake query acceleration provider, announced it has open-sourced its Workload Analyzer for Presto, including both Trino (formerly known as PrestoSQL) and PrestoDB, making the source code available to everyone via Github. The Workload Analyzer is a free, easy-to-use tool that offers visibility into how big data and analytics workloads are performing, offering users insights into how to improve performance and optimize resources.

vFunction is emerging from stealth, offering a platform purpose-built to automatically, efficiently, and intelligently transform complex, monolithic Java applications into microservices with a scalable, repeatable factory model. vFunction is a cloud modernization platform that enables the enterprise to modernize legacy Java applications and realize the true benefits of the cloud: elasticity, reduced cost, and restored engineering velocity.

Cognyte, a security analytics software company that provides governments and enterprises with actionable intelligence, will open trading on the Nasdaq Stock Market by ringing the opening bell today in recognition of it becoming an independent public company following the completion of its spin-off off from Verint Systems. Cognyte will begin "regular way" trading on the NASDAQ on February 2, 2021 under the symbol "CGNT."