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Five Minute Briefing - Information Management
November 15, 2022

Five Minute Briefing - Information Management: November 15, 2022. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.

News Flashes

Thrive, a provider of cybersecurity and digital transformation managed services, is announcing its acquisition of Custard Technical Services, a U.K. IT support company, enabling Custard clients to access the full range of advantages that Thrive's next-generation managed cybersecurity, cloud services, and automation platform supplies.

The enterprise that built the serverless, streamlined data analytics platform based on open source database DuckDB, MotherDuck, is announcing a recent funding milestone of $47.5 million. The initial Series A funding, led by Andreessen Horowitz, garnered $35 million, further compounded with a $12.5 million seed round led by Redpoint—resulting in a total valuation of $175 million for the company.

Wasabi Technologies, the hot cloud storage company, is releasing Wasabi Cloud Sync Manager, a high performing cloud migration tool that allows businesses globally to move their data out of expensive hyperscale cloud environments to Wasabi without egress fees or downtime. The solution also delivers seamless replication and synchronization of data between different Wasabi regions to reduce latency, meet compliance requirements, and foster best practices for data backup and recovery, according to the vendor.