New Zealand markets open in 1 hour 43 minutes
  • NZX 50

    -19.78 (-0.18%)

    +0.0047 (+0.74%)

    +24.40 (+0.33%)
  • OIL

    -2.21 (-1.94%)
  • GOLD

    +0.10 (+0.01%)

Pure Storage (PSTG) Unit Boosts TeleMessage's Compliant Solutions

·4-min read

Pure Storage, Inc.’s PSTG subsidiary, Portworx, has collaborated with TeleMessage to improve the latter’s secure and compliant data storage for global enterprise customers. Per the agreement, TeleMessage capitalized on Portworx Enterprise, an end-to-end storage and data management solution on the back of a Kubernetes-based infrastructure. Kubernetes is an open-source system that automates software deployment.

TeleMessage specializes in offering avant-garde messaging solutions on-premises and in the cloud. Its software, trusted by telecom operators, supports primary brands across various industry verticals such as retail, manufacturing and finance. This Israel-based entity is known for transforming business mobile messaging through Mass Messaging, Mobile Archiver and Secure Enterprise Messaging solutions.

As employees are using personal devices and messaging apps like WhatsApp, also known as Bring Your Own Device (BYOD) technology, for accessing sensitive workplace information, organizations are getting more susceptible to numerous security risks. Against this backdrop, TeleMessage’s archiving services not only aided organizations in today’s hybrid work environment to encourage the rising adoption of BYOD but also protect confidential data while complying with the latest data protection regulations.

Portworx Enterprise is the Kubernetes storage platform vouched by some of the biggest tech giants like Adobe, T-Mobile and Comcast. The platform is known for benefiting applications with data security, multi-cloud migrations and disaster recovery. As new-age enterprises strive to create a developer-friendly environment to facilitate the scalability of services for enterprise customers, TeleMessage’s move to transition its business to Portworx's cloud-native Kubernetes storage comes as a boon.

Further, Portworx allows TeleMessage to address certain security and compliance needs for different customers, ranging from GDPR and HIPAA data loss prevention to industry-specific regulations such as FINRA and CFTC. Apart from bolstering Kubernetes initiatives, implementation support from Terasky and HashiCorp Vault's key manager has enabled the company to ensure the security of messages on the back of a persistent encryption process in just three months.

Markedly, HashiCorp Vault is a secret management tool that provides controlled access to sensitive credentials in a low-trust environment. The amalgamation of these trailblazing components boosted TeleMessage's archiving services with flexible storage performance and reliable encryption while putting nominal strain on its development team.

Pure Storage’s performance is gaining from continued momentum in Pure as-a-Service, Portworx and Evergreen Storage subscription services. The company is benefiting from strength across FlashArray and FlashBlade businesses as well as strong prospects in the data-driven markets of Artificial Intelligence, Machine Learning, Internet of Things, Real-time Analytics and Simulation. Solid uptake of Cloud Block Store, ObjectEngine Cloud and CloudSnap augurs well in the long haul.

Pure Storage currently carries a Zacks Rank #3 (Hold). The Mountain View, CA-based company’s shares have gained 23.7% compared with the industry’s growth of 33.6% in the past year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks Investment Research
Zacks Investment Research

Image Source: Zacks Investment Research, inc. CRM is a better-ranked stock in the broader industry, sporting a Zacks Rank #1 at present. The Zacks Consensus Estimate for its current-year earnings has been revised 6.4% upward over the past 60 days. delivered a trailing four-quarter earnings surprise of 44.2%, on average. It has returned 7.2% in the past year. CRM has a long-term earnings growth expectation of 16.8%.

Magic Software Enterprises Ltd. MGIC, another solid pick for investors, carries a Zacks Rank #2 (Buy). The consensus estimate for earnings for the current year has been revised 2.3% upward over the past 60 days.

Magic Software Enterprises delivered a trailing four-quarter earnings surprise of 9.8%, on average. The stock has gained 18.3% in the past year.

Microsoft Corporation MSFT also has a Zacks Rank #2, at present. The consensus estimate for current-year earnings has been revised 0.1% upward over the past 60 days.

Microsoft delivered a trailing four-quarter earnings surprise of 14.8%, on average. The stock has rallied 43.3% in the past year. MSFT has a long-term earnings growth expectation of 12%.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Microsoft Corporation (MSFT) : Free Stock Analysis Report, inc. (CRM) : Free Stock Analysis Report

Magic Software Enterprises Ltd. (MGIC) : Free Stock Analysis Report

Pure Storage, Inc. (PSTG) : Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting