Earlier this month, Pax8 96m wirehivevizardventurebeat announced that it has raised $96 million in equity and introduced its plans to buy Wirehive. In addition, the company also talked about its future plans. Pax8 is now making waves by announcing a $96M+ round of funding and the acquisition of cloud consulting firm Wirehive. It’s no secret that navigating the cloud has become a bit of a rite of passage for IT service providers.
The cloud is a big game changer for IT aficionados, and the Pax8 suite is making it easy to get the job done. Whether your company’s cloud needs are simple or complex, Pax8 has a cloud solution for you.
Table oF Content:
- Raising $96M in equity
- Pax8 Acquires Cloud Consultancy Wirehive
- Challenges in hiring and retaining IT professionals
- Reducing friction in service firms
- Increases revenue
Raising $96M in equity
Earlier this year, Pax8 announced that it had raised $96 million in equity, and that’s not including the $13.3 million in funding it received from AXA Venture Partners and Blue Cloud Ventures. According to the company, the new funds will help it take the next step in its mission to enable IT, professionals, to buy and sell cloud solutions in the simplest, most efficient manner possible.
- The company also has plans to open up a remote work hub in Grand Junction, Colorado, and hire 1,800 people across the state. The company is also looking to expand into the European market, where it has already secured PS 64 million in funding from Swisscom Ventures and Volution.
- The company has been on a bit of a growth spurt lately, announcing a number of deals in recent months. Wirehive, a UK-based cloud consulting firm, has been acquired by it, and it’s also partnered with Arnett, a provider of managed security services for SMBs. The latest move will help it scale up its security offerings for MSPs. The company also plans to increase its global footprint by acquiring Wirehive’s parent company, a leading global sales intelligence provider.
- The company’s top-secret products have placed it among the fastest-growing private companies, according to Inc. It also boasts an impressive headcount of over 500 employees, a strong distribution presence in the United States and Europe, and a slew of open positions. In its quest to become the best place for IT professionals to buy cloud products and services, Pax8 has put together a robust arsenal of marketing and educational initiatives.
- It’s all in the name of empowering its network of channel partners to do more with the plethora of cloud technologies available to them. The company isn’t just about technology; it’s also a provider of pre-sales and post-sales support for its partners. As such, it’s a logical place for IT service providers to augment their own personnel, or seek out specialized expertise when needed.
Pax8 96m wirehivevizardventurebeat Acquires Cloud Consultancy
Earlier this year, Pax8 96m wirehivevizardventurebeat made the Slurpee of a deal to acquire Wirehive. This tech company specializes in cloud consulting and digital hosting. The acquisition is a coup for Pax8, which has made a name for itself in the cloud space. Its offerings include a marketplace and professional services for partners.
The company boasts a number of innovative offerings, which include:
- A proof of concept program to help validate AI projects.
- Other notable features include a first-line triage system and a fact-driven FAQ.
- It also uses the latest and greatest cloud technologies to make its clients’ life easier.
- The company adheres to strict GDPR compliance requirements, which is no mean feat.
Wirehive’s other feats include a cloud consultancy, which provides:
- Managed cloud hosting, infrastructure solutions, and consultancy services to cloud resellers.
- i. Google Cloud Platform, ii. Amazon Web-Services, and iii. Microsoft Azure are all part of the company’s portfolio.
- The icing on the cake is the company’s commitment to providing its services in the UK.
- Its UK offices are located in Farnborough and Manchester.
- Cloud consultancy has been around for a while, but the company has taken its services one step further by merging with Pax8.
The merger is a win-win for both companies. The deal will give Wirehive access to the knowledge and technology of Pax8 while giving Pax8 96m wirehivevizardventurebeat the chance to offer its own expertise to its clients.
Challenges in hiring and retaining IT professionals
Recruiting and retaining IT professionals is a challenging task for many organizations. With a growing demand for technology talent, employers are facing increased pressure to keep up with the market. However, a lack of skilled IT workers has led to a high rate of turnover.
According to a report from CWJobs, more than half of tech employers are having trouble hiring employees with the necessary skills. This situation has led to high turnover, preventing companies from expanding their revenue and entering new markets. Luckily, there are ways to address the challenges in sourcing and retaining top IT talent.
- Steps for hiring IT professionals:
- The first step to attracting and retaining top IT talent is to define the ideal persona for your company. This includes the types of skills, education, and experience that you want to see in your team. You also want to make sure that your company’s culture is a good fit for these individuals.
- You need to define your value proposition as an employer. This will include things such as your corporate culture, sustainability practices, and volunteer initiatives. When you can clearly communicate this to your candidates, you will find that they are more likely to accept your job offer.
- Ensure that your compensation package is competitive and that it aligns with your business’s needs. Performance-based financial incentives are an effective retention strategy. You can also tie bonuses to SLI rates and specific targets.
- Another challenge for employers is ensuring that they have a competitive total benefits package. Your IT professionals will lose interest in working for you when they realize that you aren’t offering them a great reward for their efforts. It is important to communicate that your organization offers horizontal shifts and other flexible work options.
- It is crucial to create a compelling offer presentation for your IT employees. A great candidate experience will lead to glowing reviews on social media.
To overcome the challenges in attracting and retaining top IT talent, companies must understand that these people have specific demands. The best tech talent wants their jobs to be recognized. It is also important to provide a clear job description and salary information upfront.
Reducing friction in service firms
Identifying the best ways to reduce friction in service firms is an important factor in the success of customer loyalty programs. Increasing customer satisfaction by reducing customer friction points will increase a company’s repeat business and brand loyalty. However, it isn’t something that can be done overnight. It’s a continuous process.
- By reducing customer friction, companies can increase their average order value and repeat business. This can be accomplished by allowing agents permission to help customers and letting them provide answers through self-service portals.
- Investing in a customer experience management program can be a daunting task. One of the first steps is to map out the customer journey. This will allow you to identify areas of opportunity, as well as the pain points customers feel most frequently.
- Another way to identify friction is to conduct customer feedback. You can ask your customers for their thoughts on the sales process. You may also want to ask your frontline customer service representatives for ideas on how to reduce friction. The more ideas you collect, the more likely you are to improve your customer experience.
During the last three years, sales revenue at Pax8 96m wirehivevizardventurebeat has increased by a staggering 4,393 percent. In addition to that, the company has positioned itself as the go-to place for IT professionals to buy cloud products. Among its offerings are solutions for security, communication, and data management. In addition, IT service providers can centralizedize their processes and billing across multiple cloud applications with the help of Pax8’s platform.
Fastest-growing company: Pax8 has been recognized as the 68th fastest-growing company on the Inc. 5000 list for three consecutive years. It recently announced two new members of its board of directors: Scott Stuart, co-founder and managing partner of Sageview Capital, and Todd Clapp, partner at Catalyst Investors.
Leading Firm: Pax8 is a leading cloud commerce firm that provides solutions for collaboration, security, and communication. The company is known for delivering unrivaled cloud environments. It has helped businesses shop for cloud services, and helped IT partners scale practices rapidly. It also provides an automated platform for companies to sell cloud products and services. In fact, it’s been able to increase sales revenue by 400 percent in 2018.
Company’s computing capabilities: Pax8’s recent acquisition of Wirehive is an example of how the company can help IT service firms expand their cloud computing capabilities. The company currently has 30 employees who are specialized in difficult cloud projects. By relying on external expertise, the firm can compete with larger rivals. The company is expected to generate about $40 million in sales this year.
The company recently hosted a webinar to showcase how Pax8 Pro can improve MSPs’ business. The session featured a panel of MSPs of different sizes and maturity levels. The company also provided a live demo. During the event, Dr. Logic was able to meet the Pax8 96m wirehivevizardventurebeat team. They discussed how Pax8 could provide Dr. Logic with the tools they needed to expand their business. In addition, they talked about the company’s mission to hire people from rural areas. The company also emphasized that they want to maintain a collaborative culture.
- Inhibiting Pax8 could have a significant impact on the treatment of PAX8-dependent cancers. In addition, a recent study suggests that PAX8 is a component of a 600-kilodalton chromatin-remodeling complex called NurD. The interaction between NurD and PAX8 provides an opportunity to identify new targets for therapeutic intervention in transforming tissue.
- Pax8 96m wirehivevizardventurebeat is a crucial regulator of a protein called SOX17. In addition, Pax8 is a member of a 600-kilodalton protein complex called NurD. Purification of this complex showed that it binds to a high-score selected site, tp53inp1, which is a transcriptional target of Pax8.
- In the future, it is expected that PAX8 will play a crucial role in the development of breast, prostate, and pancreatic cancers. Its overexpression will deregulate cell proliferation and increase the colony formation capacity of differentiated epithelial cells. This inhibition may comprehend the growth and development of cancer cells, which could in turn be used to develop an improved treatment regimen.
To help you on your journey to cloud computing success, Pax8 has a large, dedicated team that is ready to serve you. Pax8 cloud consulting services provide IT solutions that fit your business and your budget. With a dedicated team of experts on call, you’re assured of a quick deployment and a hassle-free cloud experience.
The company’s product line includes a unified endpoint management solution and a stack of UEM technologies, led by its MaaS360 software. In addition, the company offers integrations that simplify the process of deploying and provisioning cloud applications. Its roster of partners has grown to 7,000. It also plans to add more employees in the coming months. In the meantime, there are dozens of open positions at the company.