Managing the financial risks of today's IT corporations

CFOs in Technology

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WEST POINT, Ga., April 18 /PRNewswire-FirstCall/ -- ITC^DeltaCom, Inc. , a leading provider of integrated communications services to customers in the southeastern United States, today announced that Richard E. Fish has been appointed the Company's Chief Financial Officer. Mr. Fish joined ITC^DeltaCom in February 2005 as Chief Administrative Officer and brings more than seventeen years of diverse financial and strategic management, business development and operational experience to the Company. Before joining the Company, Mr. Fish served from November 2000 to October 2004 as Executive Vice President and Chief Financial Officer for ICG Communications, Inc., a telecommunications service provider. Prior to assuming that role, Mr. Fish served from September 1999 to November 2000 as ICG's Senior Vice President of Finance. Before his service with ICG, Mr. Fish served from... (more)

More Technology CFOs Migrate to the Cloud, According to Survey

Cloud Migration Session at Cloud Expo This year, according to an annual study by BDO, an accounting and consulting organization, a majority (56%) of chief financial officers (CFOs) at leading U.S. technology businesses are currently using cloud computing in some capacity. Further, the vast majority (90%) report their use of cloud computing will remain the same or increase this year. CFOs cite cost flexibility (32%), increased scalability (32%) and improved business ability (29%) as the driving reasons for embracing cloud computing instead of provisioning IT services from their own data center. The majority of tech CFOs (64%) are familiar with cloud computing. Still, despite the allure of cost savings, some CFOs (44%) have resisted the shift to the cloud and list security concerns (39%), the hassle and expense (29%) and limited application features (14%) as their rea... (more)

The Cost of Ignoring 'Non-Human' Visitors

There is a real cost associated with how far you allow non-human traffic to penetrate the data center – and it’s not just in soft security risks. A factor often ignored by those performing contact analysis costs is technology. Call centers, marketing, and other business functions generally rely upon key performance indicators that include costs per contact – a cost associated with every e-mail, call, or web transactions that occurs. This is measured against costs to acquire customers as a measure of effectiveness. These generally involve labor and associated business costs, but forget to include the undeniably important technology costs associated with each contact. Given the increasing desire of consumers to leverage web and mobile contact options, it seems prudent to consider technology costs as a part of the bigger picture. Luckily, estimates put the technology-... (more)

Measuring the Business Value of Cloud Computing

My favorite and least favorite question I get is the same – “Can you help me build a business case and ROI for cloud computing?” Well, yes… and no. The issue is that cloud computing has such a massive impact on how IT is delivered that many of the metrics and KPIs that are typically used at many enterprises don’t capture it.  I mean, how do you capture Agility – really? In the past I have broken this down into 3 buckets. Yes, some people have more but these are the big three… Agility Agility is reducing cycle time from ideation to product (or system delivery) – incredibly difficult to measure given that it’s hard to do apples to apples when every product/project is unique. You can do this in terms of Agile methodology task points and the number of points per fixed timeframe sprint on average over time. Most IT shops do not really measure developer productivity in a... (more)

BMC Software Appoints Stephen B. Solcher Senior Vice President and CFO

HOUSTON, Dec. 21 /PRNewswire-FirstCall/ -- BMC Software, Inc. , a leading provider of enterprise management solutions, today announced the appointment of Stephen (Steve) B. Solcher to the position of senior vice president and chief financial officer, effective immediately. In this role, Mr. Solcher will be responsible for Finance and Accounting, Treasury, Investor Relations, Information Technology, Procurement, Internal Audit and other related functions. Mr. Solcher has been serving as BMC's interim chief financial officer since August 29, 2005, while continuing in his role as vice president of finance and treasurer. He will continue to report directly to Bob Beauchamp, president and CEO of BMC Software. "Steve's track record of accomplishments clearly made him the best choice for this position. His significant financial and operations experience have helped contr... (more)

Virtualization Expo New York Call for Papers to Expire January 15, 2010

Virtualization Expo on Ulitzer Virtualization cuts across just about all that you might find in the today's data center: to one degree or another, clients, servers, applications, storage systems, data networks, and security can all now be virtualized. . By compressing multiple workloads onto a single physical server, Virtualization enables data centers to save tremendous amounts of money on hardware, power, cooling and floor space. For small and midsized enterprises, Virtualization can also help data centers tap into levels of fault tolerance previously enjoyed only by huge organizations. And chief executives are discovering that Virtualization has the potential not only to improve the balance sheet, but also to strengthen competitive advantage and put a shine on the corporate brand. Designing and managing IT environments independently from physical limitations is... (more)

Cloud Computing Instrumental in IT Recovery for 2010

New Year 2010 on Ulitzer IDC, the tech industry analysts, have come out with their predictions for 2010 – and it’s a model that heavily involves the development and growth of the Cloud. First some general IT industry forecasts: - growth is expected to return to the IT industry, and IDC is forecasting a more than 3% expansion for the year; the industry will see spending levels rise once again (but to 2008 levels) to $1.5 trillion; - emerging markets such as China, India and Brazil will lead IT recovery, growing 8-13%, while mature markets like the U.S. and Europe are to remain relatively weak and vulnerable to risk factors; - small and medium-sized businesses, another important form of “emerging market” for the IT industry, declined by about 3.5% this year…but expect this sector to grow in 2010 by 3.5%. Growth among SMBs will be higher than large enterprises. What ro... (more)

Canonical Gets Itself a New COO

Open Source Journal on Ulitzer Canonical has hired Alfresco's bizdev VP Matt Asay as its COO, making him responsible for aligning strategic goals and operations, optimizing day-to-day operations and handling marketing and back-office functions. He will replace Jane Silber, when she, in turn, replaces founder Mark Shuttleworth as CEO. Asay, an emeritus board member of the Open Source Initiative (OSI), started in open source at Lineo, an embedded Linux software start-up; was a founding member of Novell's Linux Business Office in 2002; started the Open Source Business Conference; and served as an entrepreneur-in-residence at Thomas Weisel Venture Partners, focusing on open source investment opportunities. Trained as a lawyer, Asay studied software licensing, specifically the GNU, under Stanford Law School Professor Larry Lessig. ... (more)

SAP Reports 20% Growth in Software and Software-Related Service Revenues

SAP AG on Wednesday announced its preliminary financial results for the third quarter ended September 30, 2010. "We are pleased to report double-digit growth in software and software related service revenue and the contribution of Sybase," said Werner Brandt, CFO of SAP AG. "All of the regions reported growth in the third quarter, with particular strength in the U.S. and the emerging markets of Asia, Europe and Latin America. We saw a good mix of revenues among small, midsized and large enterprises, and we had an increase in deal volume. On the product side, Business Analytics remains a top priority among our customers and continues to be a principal growth driver." "We were already delivering our solutions on premise and on demand. With the acquisition of Sybase, we now have the most complete and heterogeneous mobile platform in the industry and with it the added a... (more)

Cloud Computing: The Risks, Benefits, and Success Factors

The market for cloud technology and integrated services is currently transforming from the hype cycle to testing, piloting, and implementation by larger enterprises. Given the potential for significant cost savings, smaller and medium sized organizations are also becoming early adopters of this technology. The emerging market for cloud services is being driven by the economic downturn in North America, continuing globalization, government edicts, consumer acceptance of technology, and the growth of the extended enterprise. Cloud technology enables organizations to limit the large capital expenditures previously associated with costly data centers and applications and transform these costs into operating expenses paying for technology resources only as needed. In addition, using the cloud enables end users to accelerate time to market since it uses pre-existing virtu... (more)

Six Things I Think I Think for IaaS in 2013

Another year, another dollar… or something like that.  It’s time for an update on the 6 things I think I think for Infrastructure-as-a-Service (IaaS) in the coming year! 1. Hybrid Cloud Computing 2012 Perspective: Hybridization WAS key in 2011 and I’m doubling down in 2012.  If you’ve paid attention to the consolidation in the industry, you’d best do the same.  The big boys are snapping up anything that smells like bridging the enterprise to the multi-tenant host.  Look for this trend to intensify. 2013 Perspective: VMware buys DynamicOps.  Red Hat buys ManageIQ.  Cisco buys Cloupia.  Consider the consolidation trend intensified.  The big question for 2013 is what the big boys have in mind for the cool technologies they’ve acquired in 2012. Whatever they might have in mind, the signal from the customer is clear.  Hybrid cloud computing is considered critically im... (more)