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Salad Launches World’s First Fully Managed Container Service on Crowdsourced Infrastructure
SALT LAKE CITY - January 19, 2023 - (Newswire.com)
Salad Technologies, a distributed cloud-computing startup based in Salt Lake City, has launched a fully managed container orchestration platform powered by tens of thousands of gaming PCs from around the world. In a rapidly growing market stifled by expensive cloud services, Salad Container Engine is a more affordable, plug-and-play alternative to serverless container products from hyperscale providers.
"Because rising costs are an existential concern for organizations running in the cloud, our platform was purpose-built for seamless integration with existing multicloud configurations, to make container deployments as cost-efficient as possible, with no additional switching cost," said CEO Bob Miles.
According to a 2021 containerization report by DataDog, 50% of organizations have already adopted fully managed serverless technologies into their workflows. With industry adoption of containerized workloads expected to continue at a rapid pace, and SMEs poised to shift 50% of tech spending to cloud resources in 2023, there's real opportunity for alternative providers.
"Salad Container Engine was built to help developers access the resources they need, exactly when they need them, with no DevOps management required," said Daniel Sarfati, Salad's Head of Product.
Developers using Salad Container Engine can securely deploy stateless container workloads across a global cloud infrastructure network powered by privately owned devices. By sustainably leveraging latent computing resources and data-transfer bandwidth from consumer machines, Salad empowers everyday people to compete directly with incumbent cloud services.
Citing a 2021 study commissioned by Dell, Salad believes its platform will appeal to the majority of organizations deploying containerized batch jobs to the public cloud. The startup is now leveraging its competitive price advantage to onboard customers building CPU-intensive compute applications for use cases such as distributed data analysis and AI inference.
In a recent benchmark study, BERT transformer networks running on Salad Container Engine were shown to generate ten times more inferences per dollar spent than Amazon Web Services.
Salad will soon unveil deployment integrations for privately hosted container images and expand its resources portfolio with dedicated GPU support in order to answer a growing waitlist of customers running generative AI workloads and other computationally intensive applications that require 3-D acceleration by such hardware.
To request access to Salad Container Engine, developers can sign up for an account at portal.salad.com and request whitelisting from Salad's onboarding documentation.
About Salad
Salad is the world's largest community-powered cloud platform. Private individuals share latent computational resources through Salad's desktop application in exchange for personalized rewards from a community storefront. With integrated support for standard container development workflows and thousands of trustworthy, GPU-equipped machines, Salad Container Engine powers cutting-edge compute applications for far less than hyperscale providers. Salad is building a more sustainable and more equitable Internet where everyone can support innovation, profit from their PCs, and activate underutilized compute capacity as affordable infrastructure.
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Brand Editor
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(435) 227-5577
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Freddy’s Frozen Custard & Steakburgers Joins ArrowStream’s Growing Supply Chain Network
CHICAGO - January 18, 2023 - (Newswire.com)
ArrowStream, Inc. ("ArrowStream"), the leading foodservice cloud platform for supply chain intelligence, is proud to announce its new partnership with Freddy's Frozen Custard & Steakburgers® ("Freddy's") and welcome them to its network of over 275 chain operators across 100,000 restaurant locations, 1,300 distribution locations and 10,000 manufacturers.
Founded in 2002 in Wichita, KS, Freddy's is a fast-casual chain specializing in fresh, cooked-to-order, craveable menu items. At 457 locations across 36 states, Freddy's focuses on quality, hospitality, cleanliness, and timeless traditions to create a fun and inclusive environment for their guests. As Freddy's focuses on future growth and expansion into new markets, they chose ArrowStream to provide full visibility into product spend and inventory levels throughout their supply chain.
"We didn't realize the value we were missing until we sat down with ArrowStream and did a supply chain visibility assessment," said Liz Kent, Purchasing Manager at Freddy's. "We have a relatively straightforward supply chain with a single distribution partner, but with ArrowStream we found several opportunities such as efficiency improvements, automated inventory alerts, and better cost controls. Having the ArrowStream platform in place will enable us to focus more time on strategic growth initiatives and the success of our franchisees."
Like many growing brands without the right system in place, effective and efficient contract management and price auditing was a challenge for Freddy's. ArrowStream Central allows Freddy's to quickly identify overcharges and reduce pricing errors by streamlining their update and communication process. This process includes manufacturers submitting pricing updates within ArrowStream Central which are then approved by Freddy's.
"We are thrilled to welcome Freddy's to ArrowStream," said Marc Larson, VP of Sales at ArrowStream. "Freddy's has built an incredible brand, and we're excited to support their growth. Freddy's frequent LTOs can place greater strain on the supply chain, so we're excited to help them proactively manage this complexity to ensure an optimal experience for their franchisees and customers."
Freddy's is the latest foodservice operator to partner with ArrowStream, joining a growing list of customers, including Pollo Campero, Aroma Joe's, and Firehouse Subs, among others. ArrowStream's solutions are developed specifically for the foodservice industry and provide operators, distributors, and manufacturers an intelligent network that drives efficiency and cost savings in an end-to-end solution for their partners.
For restaurant chain operators, foodservice manufacturers and distributors looking to improve their supply chain operations and partner collaboration, request a consultation today.
About ArrowStream
ArrowStream, a Buyers Edge company, is the leading foodservice cloud platform for supply chain intelligence, with over 1,300 distribution locations, 10,000 manufacturers, and 275 leading brands across 100,000 restaurant locations tightly integrated into a single global network of applications and industry data. ArrowStream provides unparalleled levels of transparency, control, and actionable insight to mitigate risks, streamline operations, protect the brand, and optimize profitability. Find out more at www.arrowstream.com.
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PlexTrac Adds Cybersecurity Powerhouse to Board of Directors
BOISE, Idaho - January 18, 2023 - (Newswire.com)
PlexTrac, the penetration test reporting and collaboration platform making security teams more efficient and effective, today announced that cybersecurity industry leader Stuart (Stu) Solomon has joined the Board of Directors. Solomon brings nearly 20 years of industry experience to the Series B funded startup.
Stu Solomon is the president of Recorded Future, the world's largest provider of intelligence. In this role, he is responsible for leading the intelligence research, analysis, sales and marketing, services, enterprise and product security, and client delivery functions. Prior to his current role, Solomon led the product, R&D, and strategy functions for Recorded Future.
Of the appointment to PlexTrac's board, Solomon said, "PlexTrac is on an exciting trajectory and fulfilling a much-needed gap in the industry. What excites me most is that this is just the beginning. The continued evolution of the platform to hone in on tangible risk reduction through optimized workflows will be a game changer. I'm honored to lend my experience to their board to support their critical mission of helping cybersecurity professionals win the right security battles."
Prior to joining Recorded Future, Solomon served as the chief technology officer, chief strategy officer and the executive vice president of Services for Optiv and held various senior leadership legal, security and risk roles at iSIGHT Partners and Bank of America, as well as spending time as an active duty Air Force officer. He is an advisor, board member and investor across the cybersecurity industry and currently a senior officer in the Air National Guard focused on cyber operations. Solomon holds a juris doctorate from Rutgers University School of Law and is a graduate of the U.S. Air Force Academy.
"I am beyond excited to gain Stu as a member of the PlexTrac Board," said Dan DeCloss, founder and CEO of PlexTrac. "His experience at every level and aspect of the security industry makes him an invaluable asset as we work together to continue to achieve rapid growth."
About PlexTrac, Inc.
PlexTrac, Inc. is the premier penetration test reporting and proactive cybersecurity management platform driven by a mission to help teams win the right cybersecurity battles. PlexTrac makes security data aggregation, red and blue team reporting, purple team collaboration, and remediation tracking more effective and efficient so security teams can become more proactive and demonstrably improve security posture. To learn more, visit plextrac.com.
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Crosslake Acquires Intechnica; Accelerates European Presence
CHARLOTTE, N.C. - January 18, 2023 - (Newswire.com)
Crosslake Technologies, a leader in data-driven technology advisory services for private equity firms and their portfolio companies, announced today the acquisition of Intechnica, a technology firm specializing in due diligence, value creation and bespoke digital products and solutions. Headquartered in Manchester, England, Intechnica will accelerate Crosslake's global growth strategy.
"Our mission is to help investors and management teams create value by providing the most relevant technology expertise, data and tools," said Crosslake CEO, Barr Blanton. "Intechnica has built a stellar team with a similar vision and complementary capabilities. In addition to their incredible track record as advisors, Intechnica is also uniquely positioned to leverage its digital labs and data science expertise to help companies take action on some of the most common tech challenges uncovered during diligence, accelerating the development of products and solutions that create lasting impact."
"Together, the combined teams of Crosslake and Intechnica will become a leader in Europe, building on each other's strengths and accelerating value creation for clients," said Intechnica's founder, Jeremy Gidlow. "Crosslake's experience, data and expertise - especially in the areas of cybersecurity, engineering and enterprise systems - complements our current offerings and allows us to more fully create impact for clients. At the same time, we're also able to leverage Crosslake's global reach to expand the impact of our bespoke digital labs and data science services."
Crosslake is backed by Charlotte-based private equity firm Falfurrias Capital Partners, and the acquisition of Intechnica marks Crosslake's fourth strategic growth investment since 2020. Over the last two years, Crosslake has augmented its capabilities with proprietary, data-powered technology due diligence platforms and expanded its offerings in the areas of cybersecurity, enterprise systems, integrations and carveouts.
"With a clear vision and a strong leadership team, Crosslake continues to solidify its position as the preeminent tech advisory firm for private equity investors and their portfolio companies," said Wilson Sullivan, partner with Falfurrias Capital Partners. "They have a history of success in expanding their solution suite through acquisition of firms that share their commitment to client service and technology thought leadership."
About Crosslake
Crosslake was founded in 2010 by an original member of Microsoft's Engineering Excellence team with the intent to help changemakers buy, build and run technology that creates value. Crosslake's unmatched community of technical practitioners - former CTOs, CIOs, architects and engineers - are skilled at translating technology buzzwords into actionable, business-focused insight. Their seasoned judgment is supported by the patented Corsis® platform, which leverages data from more than 3,500 prior technology M&A transactions to define objective, measurable TechIndicators® that private equity investors and management teams rely upon to deliver strategic value creation initiatives and inform diligence. Learn more at: www.crosslaketech.com.
About Intechnica
Intechnica assesses, advises on, and builds technology for some of the UK's fastest-growing brands. Founded in 2006, Intechnica works in partnership with businesses, investors and enterprises to make technology make a difference. A trusted advisor to the private equity industry, Intechnica's specialist assessments and technology due diligence have supported over 350 transactions around the globe, with a value of over $15 billion. Intechnica's specialist advisory services support growing companies as they scale, providing technical leadership, product innovation, governance and reporting. These services are augmented by Intechnica's digital labs, which help businesses unlock value through high-performance, bespoke technology solutions for financial services, retail, healthcare, manufacturing and public sector. Learn more at: www.intechnica.com.
About Falfurrias Capital Partners
Falfurrias Capital Partners is a Charlotte-based private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised more than $1.9 billion across five funds and invests in growing, middle-market businesses in sectors where the firm's operational resources, relationships and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. Falfurrias Capital Partners employs a proprietary, research-based process called "Industry First" to identify markets with durable growth trends, construct a thesis based on research findings, and partner with management teams to create strategic value. For more information, visit www.falfurriascapital.com.
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Apprentice.io CEO, Angelo Stracquatanio, Invited to the Join Forbes Technology Council