Backbase awarded “Digital Banking Provider Of The Year” at MEA Finance Banking Technology Summit and Awards 2022

On the 20th of May, Backbase announced that it has been awarded “Digital Banking Provider of the Year” at the MEA Finance Banking Technology Summit and Awards 2022. The award recognizes Backbase’s customer-centric approach to innovating and curating products and services that are uniquely different and distinctively valuable.

“We are honored to receive this recognition by the panel of experts at MEA Finance Banking Technology Summit and Awards,” said Matthijs Eijpe, Regional Vice President Sales EMEA at Backbase. “This award is a testament to our commitment to empower banks in the region with high-quality services while accelerating the shift to engagement banking, and managing their journeys across the digital spectrum. Our focus continues to be on powering the digital capabilities of banks in the region and helping them create the most satisfying customer experiences.”

Allot Announces First Quarter Financial Results

On the 17th of May, Allot Ltd. announced unedited first quarter financial results. Key figures include: first quarter revenue of $31.9 million, up 2% year-over-year; Gross margin on a non-GAAP basis was 70%; GAAP operating loss was $5.7 million and non-GAAP operating loss was $3 million; GAAP net loss was $6.1 million and non-GAAP net loss was $3.5 million.

For the upcoming 2022 management expects revenue between $135-140 million; December 2022 total ARR including SECaaS ARR and Support & Maintenance ARR to be between $53-$55 million, representing approximately 15% year-over-year growth versus 2021 at the midpoint; and Recurring security revenue to be at least $7 million.

Erez Antebi, President & CEO of Allot, commented: “While our first quarter results met  our expectations, during the last few months, we faced headwinds as a result of delays in SECaaS service launches, the war in Europe and negative foreign exchange rates fluctuation.  As a result, we have adjusted our forecast for the year to reflect a delay in adoption.  Looking at the number of CSPs interested in SECaaS services and the growing need for such a protection, we plan to continue our investments and remain confident in our strategic direction and our long-term success.”

OpenText Receives 2022 SAP Pinnacle Award in the Partner Solution Success Category

On the 10th of May, OpenText announced that it has been awarded with the 2022 SAP Pinnacle Award in the Partner Solution Success category. SAP presents these awards annually to the top partners that have excelled in developing and growing their partnership with SAP and helping customers run better. Winners and finalists in 22 categories were chosen based on recommendations from SAP, customer feedback, and performance indicators.
“OpenText and SAP are centered on cloud-based innovations helping the world’s largest organizations transform into digital businesses, elevating everyone through information,” said Mark J. Barrenechea, OpenText CEO and CTO. “It’s an honor to again receive the SAP Pinnacle Award for Partner Solution Success, and the OpenText and SAP Clouds are the platforms for the future, creating compelling customer experiences.”

Avaya Enters Strategic Partnership with Microsoft

On the 9th of May, Avaya and Microsoft Corporation have expanded their global partnership by pairing the industry leading Avaya OneCloud portfolio with Microsoft Azure to provide organizations with more options to increase their productivity and customer engagement with unrivaled reliability, agility and scale. “Our strategic partnership with Microsoft is an important milestone in our continued transformation to a cloud business model,” said David Austin, Senior Vice President, Strategy and Alliances, Avaya. “The global scale of Microsoft helps ensure that our joint customers rapidly deploy Avaya OneCloud solutions in any cloud environment of their choice with speed, agility and cost competitiveness. This represents a tremendous opportunity for customers to accelerate their journey to the cloud, and a tremendous opportunity for Avaya to expand our go-to-market reach through the co-selling efforts we have identified with our trusted partner.”

“Many of our largest customers have standardized on Avaya communications solutions, and offering Avaya OneCloud on Microsoft Azure gives them an additional opportunity to benefit from their investments while accelerating their cloud migration,” said Casey McGee, Vice President, Global ISV Partner Sales, Microsoft. “Together, we are working to help customers around the world transform their businesses, and drive digital transformation and implement workload migration initiatives more rapidly. This is a significant opportunity, particularly for Microsoft customers as they move more workloads to Azure.”

Alcatel-Lucent Announces new Strategic Partnership with Avaya

On the 27th of April, Alcatel-Lucent Enterprise announced a strategic partnership with Avaya that extends the availability of Avaya’s OneCloud CCaaS (Contact Center as a Service) composable solutions to ALE’s global base of customers while also making ALE’s digital networking solutions available on a global basis to Avaya customers. Through this partnership, ALE will offer Avaya OneCloud™ CCaaS, which provides advanced AI, Identity and Security, Workforce Engagement Management (WEM) and customer service capabilities to ALE customers. Avaya will offer ALE Digital Age Networking solutions to its customers, covering the full spectrum of enterprise wired and wireless connectivity technologies with advanced cloud platform services, leveraging the latest in IoT analytics, digital workflow, secure mobility, and AI for network automation. “We are very excited to partner with ALE to offer our OneCloud CCaaS to their global base of nearly one million customers and nearly 3,000 partners, while bolstering our portfolio with the addition of ALE networking technologies,” said Jim Chirico, President and CEO, Avaya. “The partnership we announced today is highly complementary and we believe it represents a significant opportunity for Avaya and ALE customers alike to accelerate their move to the cloud by deploying world-class cloud technologies from two global communications leaders.”