Market Newsdesk

BENSALEM, Pa., Dec. 15, 2020 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to [email protected].

Las Vegas Sands Corp. (NYSE: LVS)
Class Period: February 27, 2016 – September 15, 2020
Lead Plaintiff Deadline: December 21, 2020

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that weaknesses existed in Marina Bay Sands’ casino control measures pertaining to fund transfers; (2) that the Marina Bay Sands’ casino was consequently prone to illicit fund transfers that implicated, among other issues, the transfer of customer funds to unauthorized persons and potential breaches in the Company’s anti-money laundering procedures; (3) that the foregoing foreseeably increased the risk of litigation against the Company, as well as investigation and increased oversight by regulatory authorities; (4) that Las Vegas Sands had inadequate disclosure controls and procedures; (5) that, consequently, all the foregoing issues were untimely disclosed; and (6) that, as a result, the Company’s public statements were materially false and misleading at all relevant times.

Innate Pharma SA
. (NASDAQ: IPHA)
Class Period: March 10, 2020 – September 8, 2020
Lead Plaintiff Deadline: December 22, 2020

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Innate touted the results of their various Phase 2 trials as being within expectations; (2) Innate continued to reassure investors that they were eligible for the $100 million payment upon first dosing of Phase 3 trials; (3) Innate failed to timely disclose their renegotiations with AstraZeneca to split the $100 million payment into two $50 million payments, to be partially contingent on performance during the Phase 3 trials; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Fortress Biotech, Inc. (NASDAQ: FBIO)
Period: December 11, 2019 – October 9, 2020
Lead Plaintiff Deadline: January 26, 2021

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) IV Tramadol was not safe for the intended patient population; (2) as a result, it was foreseeable that the FDA would not approve the NDA for IV Tramadol; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Splunk Inc. (NASDAQ: SPLK) 
Class Period: October 21, 2020 – December 2, 2020
Lead Plaintiff Deadline: February 2, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com

LOS ANGELES, Dec. 15, 2020 (GLOBE NEWSWIRE) —

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming January 4, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired HP Inc. (“HP” or the “Company”) (NYSE: HPQ) common stock between November 6, 2015 and June 21, 2016, inclusive (the “Class Period”).

If you suffered a loss on your HP investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/hp-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

HP offers personal computers, printers, and related supplies, solutions, and services. Within HP’s Printing segment is the Supplies division, which consists of printing and computing supplies, such as toner, ink cartridges, and related printing supplies. Almost 80% of HP’s operating profit is derived from its Printing business.

On June 21, 2016, after the market closed, HP revealed that it would reduce its Supplies channel inventory by $450 million, resulting in a corresponding reduction of $450 million in Supplies revenue over the remainder of 2016.

On this news, HP’s stock price fell $0.72, or 5.4%, to close at $12.61 per share on June 22, 2016.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers that did not need or want the product in order to artificially increase revenues and profits; (2) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers outside of designated regions at unsustainable discounts in order to artificially increase revenues and profits; (3) that HP’s channel inventory management and sales practices resulted in the sale of supplies at steep discounts to customers to encourage those customers to sell the supplies further down the supply channel, out of HP’s inventory management metrics; and (4) that, as a result of the foregoing, defendants’ statements about the Company’s business condition and prospects were materially false and misleading when made.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired HP common stock during the Class Period, you may move the Court no later than January 4, 2021 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

KIRKLAND, Wash., Dec. 15, 2020 (GLOBE NEWSWIRE) — Alliance Memory today announced that it has expanded its offering of high-speed CMOS mobile low-power SDRAMs with new LPDDR4 devices featuring on-chip ECC. For improved performance with higher power efficiency than previous-generation LPDDR3 SDRAMs, the 2Gb AS4C128M16MD4-062BAN, 4Gb AS4C256M16MD4-062BAN and AS4C128M32MD4-062BAN, and 8Gb AS4C256M32MD4-062BAN offer lower power consumption and faster speeds in the 200-ball FBGA package.

With low-voltage operation of 1.1V/1.8V, the devices released today increase battery life in portable electronics for the consumer and industrial markets, including tablets, wearables, handheld gaming consoles, personal navigation systems, and more. Providing increased efficiency for advanced audio and high-resolution video in embedded applications, the LPDDR4 SDRAMs deliver fast clock speeds of 1.6GHz for extremely high transfer rates of 3.2Gbps. For automotive applications — including infotainment and ADAS systems — the AEC-Q100 qualified devices operate over a temperature range of -40°C to +105°C.

The LPDDR4 SDRAMs are organized as 1 channel (AS4C128M16MD4-062BAN and AS4C256M16MD4-062BAN) and 2 channels (AS4C128M32MD4-062BAN and AS4C256M32MD4-062BAN) per device, with individual channels consisting of eight banks of 16 bits. The components offer fully synchronous operation; programmable read and write burst lengths of 16, 32, and on the fly; and selectable output drive strength. An on-chip temperature sensor controls the self-refresh rate.

With minimal die shrinks, Alliance Memory’s LPDDR4 SDRAMs provide reliable drop-in, pin-for-pin-compatible replacements for numerous similar solutions in high-bandwidth, high-performance memory system applications — eliminating the need for costly redesigns and part requalification.

Device Specification Table:

Part #	Density	Organization	Speed	Package
AS4C128M16MD4-062BAN	2Gb with ECC	128Mb x 16	1.6GHz	200-ball FBGA (10mm x 14.5mm x 0.8mm)
AS4C256M16MD4-062BAN	4Gb with ECC	256Mb x 16	1.6GHz	200-ball FBGA (10mm x 14.5mm x 0.8mm)
AS4C128M32MD4-062BAN	4Gb with ECC	128Mb x 32	1.6GHz	200-ball FBGA (10mm x 14.5mm x 0.8mm)
AS4C256M32MD4-062BAN	8Gb with ECC	256Mb x 32	1.6GHz	200-ball FBGA (10mm x 14.5mm x 1.1mm)

Samples and production quantities of the new LPDDR4 SDRAMs are available now, with lead times of eight weeks.

About Alliance Memory Inc.

Alliance Memory is a worldwide provider of critical and hard-to-find memory ICs for the communications, computing, consumer electronics, medical, automotive, and industrial markets. The company’s product range includes flash, DRAM, and SRAM memory ICs with commercial, industrial, and automotive operating temperature ranges and densities from 64Kb to 8Gb. Privately held, Alliance Memory maintains headquarters in Kirkland, Washington, and regional offices in Europe, Asia, Canada, and South America. More information about Alliance Memory is available online at www.alliancememory.com.

Editor resources:

Link to product image:

https://www.flickr.com/photos/alliancememory/albums/72157717319164158

Link to detailed product info:

https://www.alliancememory.com/products/lpddr4-mobile-ddr4/

Agency Contact:

Bob Decker
Redpines
+1 415 409 0233
[email protected]

NEWARK, Calif., Dec. 15, 2020 (GLOBE NEWSWIRE) — SMART Modular Technologies, a subsidiary of SMART Global Holdings, Inc., (NASDAQ: SGH), and a leader in specialty memory, storage and hybrid solutions including DRAM memory modules, solid state drives (SSDs) and other Flash memory products, announces the SP2800 family of PCIe NVMe SSD products designed to meet the needs of networking, storage, server, and other high-performance enterprise server applications.

The introduction of the SP2800 PCIe NVMe SSD product family under SMART’s DuraFlash^™ product portfolio follows the MDC7000 Enterprise and Data Center SSD Form Factor (EDSFF) product launched last month. SMART developed this tandem of products to meet the growing demand for Flash storage in the networking and telecommunication infrastructure, data center, edge computing and enterprise server markets.

The SP2800 SSD is a highly-secured, Self-Encrypting Drive (SED) with TCG OPAL 2.0 and AES 256 encryption standards for access control and data security. Available in M.2 2280, M.2 22110 and U.2 form factors, the 3D NAND based SSD products support the industry standard PCIe Gen3 x4 interface and comply with the NVMe 1.3 protocol standard. SP2800 products come in high endurance product versions with one drive write per day (DWPD) plus SMART’s proprietary SafeDATA^™ power loss data protection standard. Standard endurance versions are also available.

“These new SP2800 PCIe NVMe products are well suited to be used as the primary Flash storage device for system boot, data logging and application code storage in high-performance servers,” said SMART Modular Flash product director, Victor Tsai. “SMART Modular has developed a comprehensive PCIe NVMe product portfolio under the DuraFlash brand that meets today’s market demands, and addresses the rapid adoption of PCIe NVMe Flash storage in applications that traditionally utilize SATA and other legacy Flash products.”

Technical Highlights

User capacity of the SP2800 drive ranges from 240GB to 2TB. Other features of the new SP2800 PCIe NVMe SSD product family include:

• Form factors: M.2 2280 (22mm x 80mm), M.2 22110 (22mm x 110mm) and 2.5” U.2
• Available configurations:
  • 240GB, 480GB, 960GB, 1920GB
• PCIe Gen 3×4 and NVMe 1.3 compliant
• Endurance:
  • 0.3 DWPD without SafeDATA
  • 1 DWPD with SafeDATA
• High security
  • AES-256 encryption, crypto erase, secure erase, TCG OPAL 2.0 (standard)
• SafeDATA^™ power loss data protection in high endurance configurations

For more information on this new SP2800, contact SMART Modular’s Sales Team or Flash product director, Victor Tsai at [email protected].

About SMART Modular Technologies

Serving the specialty memory industry for more than 30 years, SMART Modular is a global leader in memory modules, solid-state storage products and hybrid solutions across various form factors. Critical to electronic devices, they are available in standard, custom and ruggedized versions where high performance and high capacity are essential. SMART delivers solutions to a broad customer base which includes OEMs in computing, networking, communications, storage, mobile, military, aerospace and industrial markets.

SMART collaborates closely with their global OEM customers with a strong focus on extensive customer-specific designs, technical support and value-added testing services. Throughout the design process and across multiple platforms, SMART creates solutions for demanding applications with differentiated requirements.

SMART is a pioneer in secure, ruggedized solid-state drives. Additional attributes such as encryption, secure data elimination and write-protect features are incorporated providing highly secure storage for military, aerospace and industrial markets. SMART has developed a comprehensive lineup of ruggedized products including DRAM, hybrid memory, Flash and storage technologies across various form factors.

DuraFlash, SafeDATA and NVMSentry are trademarks of SMART Modular Technologies, Inc.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4317ebcb-d619-46d3-a667-f0da4f97d686

SMART Media Contacts
United States
Maureen O’Leary, Sr Marcom and PR Manager
SMART Modular Technologies 
+1 (602) 330-6846
maureen.o’[email protected]  

EMEA
Rhianna Bull, Account Manager 
Napier Partnership Limited 
+44 (0) 1243 531123
[email protected]

HOUSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) — Tokio Marine HCC today announced that A.M. Best has affirmed the “A++ (Superior)” Financial Strength Ratings and “aa+” Long-Term Issuer Credit Ratings of the property/casualty insurance companies in the Houston Casualty Group and HCC Life Insurance Company. The outlook for all of A.M. Best’s ratings is Stable.

“Tokio Marine HCC is pleased that A.M. Best has affirmed our Financial Strength Ratings of “A++”. These outstanding ratings are indicative of Tokio Marine HCC’s strong balance sheet, disciplined underwriting approach and consistent profitability throughout the market cycle, as well as our strong enterprise risk management,” said Susan Rivera, Tokio Marine HCC’s Chief Executive Officer.

The following property/casualty insurance companies comprise Houston Casualty Group, as defined by A.M. Best:

•   Houston Casualty Company
•   U.S. Specialty Insurance Company
•   Avemco Insurance Company
•   American Contractors Indemnity Company
•   United States Surety Company
•   Producers Agriculture Insurance Company
•   Producers Lloyds Insurance Company
•   HCC Reinsurance Company Limited

About Tokio Marine HCC

Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $30 billion as of September 30, 2020.   Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of “A+ (Strong)” from S&P Global Ratings, “A++ (Superior)” from A.M. Best, and “AA- (Very Strong)” from Fitch Ratings; its major international insurance companies have financial strength ratings of “A+ (Strong)” from S&P Global Ratings.   Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company.   For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com.

Contact:

Doug Busker, Vice President – Public Relations Tokio Marine HCC 713-996-1192

SAN JOSE, Calif., Dec. 15, 2020 (GLOBE NEWSWIRE) — This year, the IEEE International Electron Devices Meeting (IEDM) themed “Innovative Devices for a Better Future”, will be held virtually December 12~18. There will be rich technical programs with 41 sessions covering electronics technologies being used much more broadly than ever before to address the world’s most pressing challenges.

Primarius will present ‘Enabling Efficient Design-Technology Interaction by Spec-Driven Extraction Flow’, an invited paper. In Dr. Huanlin Chang’s presentation, he will discuss a new methodology Specification-Driven Extraction Flow (SDEF) to address the inefficiency of the current design technology co-optimization (DTCO) flow. Dr Chang will detail how designers can use SDEF to sign off the technology development without the reliance of foundry SPICE models for the first time. His presentation will take place at 11:40 a.m. Friday, December 18 during Session 41: Memory Technology DTCO of advanced logic and memory.

Primarius will also host a virtual booth in the online exhibition area. It will showcase the company’s unique memory EDA flow and innovative EDA solutions from data acquisition to simulation. This comprehensive technology offering enables efficient Design Technology Co-Optimization (DTCO) that semiconductor engineers need during process technology development and chip design at advanced process nodes.

In addition to SDEP, Primarius will display its complete range of simulation, modeling, test, and service offerings. Its simulation tools on view will include NanoSpice Pro, NanoSpice, NanoSpice Giga, NanoYield, and Nanowave. Modeling tools showcased will be SDEP, BSIMProPlus, MeQLab, ME-Pro, and PQLab. Test equipment featured will include FS-Pro, 9812DX and FastLab. Finally, information on the company’s Semiconductor Engineering Service will also be available.

About IEDM

The IEEE International Electron Devices Meeting (IEDM) is an annual micro- and nanoelectronics conference held each December that serves as the world’s pre-eminent forum for reporting technological breakthroughs in the areas of semiconductor and electronic device technology, design, manufacturing, physics, and modeling.

IEDM is the recognized flagship conference for nanometer-scale CMOS transistor technology, advanced memory, displays, sensors, MEMS devices, novel quantum and nano-scale devices and phenomenology, optoelectronics, devices for power and energy harvesting, high-speed devices, as well as process technology and device modeling and simulation. IEDM has always been viewed as a leading technology indicator. With disclosing state-of-the-art results from semiconductor manufacturers & research institutions around the world, IEDM 2020 will provide an excellent snapshot & forecast of the semiconductor industry.

To register and find more information, please visit https://ieee-iedm.org/.

Jonah McLeod
510-449-8634
[email protected] 

Shareholders with losses exceeding $100,000 are encouraged to contact the firm

LOS ANGELES, Dec. 15, 2020 (GLOBE NEWSWIRE) —

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming December 28, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Bayerische Motoren Werke Aktiengesellschaft (“BMW” or the “Company”) (OTC: BMWYY) securities between November 3, 2015 and September 24, 2020 inclusive (the “Class Period”).

If you suffered a loss on your BMW investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/bayerische-motoren-werke-aktiengesellschaft/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On December 23, 2019, The Wall Street Journal reported that the U.S. Securities and Exchange Commission (“SEC”) was investigating whether BMW engaged in “sales punching,” a practice in which “a company boosts sales figures by having dealers register cars as sold when the vehicles actually are still standing on car lots.”

On this news, the price of BMW’s American Depositary Receipts (“ADRs”) fell $1.33, or nearly 7%, to close at $18.02 per ADR on December 23, 2019, thereby damaging investors.

On September 24, 2020, the SEC announced an $18 million settlement agreement with BMW regarding the investigation. According to the SEC’s order, from January 2015 to March 2017, the Company had “used its demonstrator and service loaner programs to boost reported retail sales volume and meet internal targets.” It also stated that from 2015 to 2019, BMW kept a reserve of unreported retail vehicle sales, which is used to meet internal monthly sales targets regardless of when the actual sale occurred.

On this news, BMW’s ADR price fell $0.51, or about 2%, to close at $23.07 per ADR on September 25, 2020, thereby damaging investors further.

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) BMW kept a “bank” of retail vehicle sales that it used to meet internal monthly sales targets regardless of when the sales actually occurred; (2) BMW artificially manipulated sales figures by having dealers register cars as sold when the cars were still in inventory; (3) as a result, BMW’s key operating metrics were inaccurate and misleading; and (4) as a result, Defendants’ statements about BMW’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired BMW securities during the Class Period, you may move the Court no later than December 28, 2020 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

RENO, Nev., Dec. 15, 2020 (GLOBE NEWSWIRE) — New data from Synergy Research Group shows that the value of data center-oriented M&A deals that closed in the first eleven months of 2020 blew past the $30 billion mark, far surpassing the previous annual record set in 2017. In terms of deal volume, the final 2020 number will almost certainly pass the record number that closed in 2019. With a number of potential December deals still on the table, 2020 has so far seen 113 deals closed at a total value of $30.9 billion. While the $8.4 billion acquisition of Interxion by Digital Realty helped to boost the 2020 number, five other billion dollar-plus deals have closed so far this year, plus there was a $2 billion secondary share listing.

Since the beginning of 2015, Synergy has identified 483 closed deals with an aggregated value of $107 billion. Over the period the aggregated deal value has been split equally between public companies and private equity buyers, while private equity buyers have accounted for 59% of the deal volume. Since 2015 the largest deals to be closed are the acquisitions of Interxion and DuPont Fabros by Digital Realty, the acquisition of Global Switch by a group of Chinese investors and the acquisitions of Verizon data centers and Telecity by Equinix. Over the 2015-2020 period, by far the largest investors have been Digital Realty and Equinix, the world’s two leading colocation providers. In aggregate they account for 31% of total deal value over the period. Other notable companies who have been serial acquirers include Colony, CyrusOne, GDS, Digital Bridge/DataBank, Iron Mountain, NTT, GI Partners, Carter Validus, QTS and Keppel.

“There is no doubt that this has been a bumper year for data center M&A activity, despite COVID-19 inevitably slowing down some transaction and due diligence activities,” said John Dinsdale, a Chief Analyst at Synergy Research Group. “We are also aware of almost $7 billion in deals and IPOs that are at various stages of closing, so the pipeline remains robust despite the flurry of activity in 2020. This drive to find new sources of investment capital is being fueled by an almost inexhaustible demand for data center capacity.”

About Synergy Research Group

Synergy provides quarterly market sizing and segmentation data on cloud and related markets, including company revenues by segment and by region. Synergy Research Group (www.srgresearch.com) helps marketing and strategic decision makers around the world via its unique insights and in-depth analytics.

To speak to an analyst or to find out more about how to access Synergy’s market data, please contact Heather Gallo @ [email protected]


 or at 775-852-3330 extension 101.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a42f786f-751e-4993-9ccd-74f456a5f9c0