VARINDIA IT MAGAZINE

Veeam elevates Shiva Pillay to Senior VP for Asia Pacific and Japan:  Veeam Software   announced the appointment of   Shiva Pillay to lead the Asia Pacific and Japan (APJ) region as Senior Vice President .   Reporting to  Bill Largent, Chairman and CEO at Veeam , Pillay will spearhead the company’s growth strategy in the region. Veeam recently announced its Q4’2020 global results, posting another quarter of double-digit growth with an annual recurring revenue (ARR) of 22% year-over-year (YoY) and 24% percent YoY increase in APJ.   “Shiva’s exceptional skill set and aptitude for fostering and maintaining meaningful relationships will no doubt contribute to Veeam cementing its position as a key market player in 2021 and beyond,” commented Bill Largent, Chairman and CEO at Veeam. “His determination to drive impactful change within the industry and his experience in demonstrating this so far within the company makes Shiva the perfect candidate for this role. Sh...

Furniture retailer Ikea buys 49% stake in Ikano Bank:  Owner of the furniture retail store - Ikea,   Ingka Group   has bought 49% stake in   Ikano Bank . The investment has been termed as a "decisive step into financial services" that will "help make Ikea more affordable, accessible and sustainable".   Both Ikea and Ikano Bank have originated from the same founding family and a longstanding commercial partnership, where Ikano Bank has served as Ikea’s financial service provider across eight countries.   Krister Mattsson, managing director, Ingka Investments  comments, “The significant investment in Ikano Bank is an exciting step for Ingka Investments into the banking sector. As customers and retailers increasingly seek banking solutions with a strong digital foundation, our commitment to work even closer with Ikano Bank during its digital transformation is a great opportunity to serve new and existing customers alike.”... Read More