okay welcome back everyone we're here live in monaco for siliconangle thecube's coverage of the monaco crypto summit i'm john furrier your host we're here with al berger the founder of the digital bits blockchain digital bits is presented it's an open ecosystem they're the main presenters bringing everybody together al burgia is the man of the hour al great to see you cube alumni great to see you again john thanks thanks for having me back on the show it's been this is an inaugural event yeah you you and your team put together the digital bits foundation um the digits blockchains enabling technology the proof is in the pudding as i always say now you're seeing companies building on top of the ecosystem why monaco this is inaugural event what's going on here what's the motivation what does all this mean all this stuff coming together share uh why monaco i mean there's uh it's part of this next chapter for us things are happening in monaco and and um um we've yet to unveil that and we thought you know what better place to unveil what we're doing in monaco other than to do it in monaco so that was really the genesis of what gave birth this idea to have the monaco crypto summit um but that evolved beyond just sharing the nexus of it all there are organizations that here that have come from all over the world and will be sharing for the first time how they're also utilizing the digital bits watching not bad to come to monaco in the summer though it's pretty pretty nice area beautiful views yeah summer time in monaco is always great but this inaugural event first of all i love the name so congratulations on the name i think it's got a lot of legs to it i think this will be something that's going to be around for a long long time so it's a good good call there there's a lot of other dynamics going on prince albert's got some involvement he's interested in crypto we're going to hear more about that in the yacht club presentation later tonight you got startups companies building on top of the capabilities of digital bits you know you and i have talked in the past on the cube about the technology um your technologists uh followed a lot of your adventures to success and exits multiple exits in tech silicon valley knows you everyone knows you know around the world it's kind of like a cloud game but it's decentralized you've got infrastructure platform applications um there's super applications and decentralized device to all kinds of new stuff going on so you have a stack kind of going on here in a decentralized way and been validated by all the big names jumping in and changing their business models and horowitz you name it now a global financial markets converging on this huge opportunity around crypto and d-apps everything's happening so what's your reaction to someone who's been through many cycles built companies and sold them and been successful what's your analysis i mean this journey is then different and you has a unique some similarities but definitely some unique characteristics in prior journeys uh in in you know venturing off to found a company and so forth and for me it's been obviously the traditional way um you know prior to this obviously it was in the valley and and had uh uh quite the journey um what i would say this time is um with all that's happening in blockchain and cryptocurrency it's the amount of say capital formation the amount of people involvement in into an early technology into an evolving technology and there's various subcategories now across nfts metabours and um and all things fungible um there's a global stage immediately and um and it sort of creates these sort of mini vortexes of getting more people involved um it's it's kind of some semblances of like the dot-com bubble in a sense but with a much bigger ecosystem um in comparison to what we saw in the 90s um the thing about blockchain is that it it needs to the more successful blockchains out there need to evolve into becoming as decentralized as possible and so as to use your analogy of stack i mean it is incredibly important to have contributors at all layers protocol layer application d app layer in many corners of the world but it all starts with an idea so it's really hard to go from point a to point b um like any other new opportunity and so for us it's been a journey we're evolving in this next chapter um and a lot of that will be evident today throughout the course of the summit we'll start to see and start to feel even more so how uh the digitalbits ecosystem is is becoming more and more decentral we're going to see a bunch of folks coming on us off stage are going to come here sit down on thecube and chat with me about their opportunities how would you describe for the folks watching now what's going on on stage here all day and then obviously there's a vip gala tonight at the yacht club with prince albert in attendance and his team and a bunch of big power players what's happening here what's the what's the vibe what's the purpose what's being presented can you just quickly share uh take a minute to explain what's going on so relative to to the summit um it's you know organizations uh platforms um there's there's uh a few metaverse uh platforms here that will be um i mean they've been in in existence but they'll be unveiling um their connection and how they're leveraging the digital business watching for the very first time and so um but also other categories as well even um soon here massive multi-billion dollar real estate development all coming to um the digital blockchain so this is the physical world massive uh resort um real estate development completely being tokenized you just had some success in digital assets obviously the roma team i saw the announcement on on youtube was pretty big um you get digital bits on the jersey a new player so caught my attention you got sports teams you got here you got applications people building on top of digital bits why for us it yeah vision is needs to be supported by a strategy um from inception it was finding ways to take an enterprise go to market strategy and and uh some of it may be a bit of trial and error in the early you know onset from 2017-18 when it when the journey kind of began for the digital biz blockchain but um also part of it is timing and one of the things that we saw more recently again kind of like the journey and the stack you're referring to before nobody foresaw the pandemic nobody foresaw that the whole world would be at home staring at a screen um and figuring out what to do with their time and many of the world for the first time began to learn about blockchain and cryptocurrency for the first time in the onset of this pandemic and so that became a huge accelerant for the space and so um another quote you know i've i'll take away from you that i you know recall you saying many years ago um you need to have a horse on the track to be in the race yeah we're very fortunate to have a horse in the track by having already a number of years of development um awareness so that when there's kind of like these market shifts that can become an accelerant we're in a position to to move with the industry um and so it's been an incredible couple of years i mean it was great for you guys yeah and so there you know there's different contributors in the ecosystem some some that i'm affiliated with that have done things in the sports space um and other things that i'm not affiliated with there's a lot of things that again are emerging today that are happening in different categories or themes of metaverse for example um and i'm humbled by it just simply by the virtue of the fact that they're utilizing the digital that's watching but i had no um stake in building what they've built in terms of this is enabling technology so just to kind of pivot off you said yeah the pandemic was a tailwind now for um this movement for many reasons one people sitting at home boy hey this is technically vegas work on the blockchain two the future of work or the future of how things are organized is was remote work remote work is like next door neighbor to decentralization like i mean come on you're talking about people going this is not the future is not where it used to be that kind of galvanized a lot of people and also the business models have shifted so now post pandemic everything's hybrid which is virtual physical so that's the perfect storm so total acceleration agree um and we're seeing the traction now what's interesting about what you guys are doing is you're enabling people to build apps on it that's the platform and and that's that's again what i want to ask you is i had people always ask me what's digital bits so i'm going to ask you what is digital bits well digital bits is both the name of a blockchain it's also the name of a cryptocurrency the native cryptocurrency of the digital bits blockchain and so um it began 2017 as a fork of stellar in terms of the original repository um and you know there's a question i was asked earlier today in a press conference of like oh there's all these blockchains well we're still in this like early stage uh this early part of this uh evolution and so i i don't necessarily see a lot of what's happening out there as competitive but rather complementary because in unison you know there's different use cases different categories uh where kind of a blockchain can find its array of adoption in in this sort of phase of it all um for us um we've been referred to as a few different things one of which is you know the aspiration become this blockchain for brands i think today we'll learn that it's become much bigger than that in terms of its capability it's not necessarily that um it's as a result of new technology it's the tech a lot of this technology has been there it's just how it's being exploited and used um we're unveiling today for example and part of now this chapter for me is working with um community um developers hold on before you get there so okay i see digital bits i love the name by the way so thanks for that you kind of get to the news now you have a press conference take me through the press conference what's the news what are you guys announcing here today so the press conference we we did share not everything uh there's more um uh likely in store by the end of today that's not on the agenda uh and and maybe i'll be back on the show later today um we will have you back we'll find out come on but in terms of in terms of what we shared so far at the press conference um uh it was centered around two key themes i wanted to um obviously talked about the array of things to come today but focus on some of the things i'm directly involved in one of which was nico swap and the other are the number of things involved here within monaco so in terms of nico swap um by way of nane nico and in the spirit of decentralization nico in ancient greek means victory for the people so we thought that was a fitting name for the platform it's a decentralized exchange platform on uh the digital bits blockchain um filled with liquidity pool technology automated market making technology it's it's but by way of comparison digital bits is version of let's say a uniswap but lower cost faster and so forth and there's a number of organizations here today that will uh are announcing that they're deploying on nicos bringing their token to the digital bits blockchain and and launching um on on nicoswap so we're i'm super excited about that this is you know part of evolution and part of fostering decentralization um and so what that enables is by virtue of uh being able to again help helping other organizations getting their horse on the track the common denominator for us is digital bits it's um you know the fact that every application every utility token every nft you know does require digital bits including the digital bits currency to provide that security to to be used for gas fees and and and so on and so forth so um the blockchain itself the cryptocurrency it's kind of a common denominator beneficiary uh the one way you can kind of think of it um but yeah we shared a lot around an ecoswap um uh what it looks like and um its key functionality and and who are some of the organizations that are uh on on board day one the other part of the press conference today we shared um was more monaco centric digital bits in monaco and this journey is just beginning uh it's super humbling it's super exciting for me to be a part of it um there is again no real particular order there's a an ecampus that's focused around cyber security and blockchain education for both private sector and public sector so um academia so skills government issues solve some skill gap correct right it's an organization a financial institution a whole department needs to know more about blockchain how they can leverage it um digitalbits um is the blockchain um that is forming the first part of the curriculum for this ecampus that's launching here in monaco with uh uh an organization called amvini the other thing uh that we shared and announced uh today is that um the first sov first and only sovereign cloud in europe is the monaco cloud as recently launched what makes it soft and in essence is a few aspects of its characteristics but digital bits blockchain nodes are being deployed in the monaco cloud um and so beyond the nodes that already exist it's um the network is further being let's say hardest to bring your scale in resiliency you know the whole thing around censorship resistance right the more nodes there's a huge strategic aspect to obviously deploying nodes in in sovereign clouds um and so in europe the first for that is the monaco cloud so we're really honored to be working with the team there and mvne and so forth for that and then um and then as well um a number of months ago we began a journey with the prince albert of monaco foundation um the the chair president is uh prince albert and um the uh vice president ceo is olivia windham who was in attendance at the uh at the press conference as well and um and we unveiled um the foundations uh platform entirely built on the digital bits blockchain uh utilizing the digital bits cryptocurrency um as well as uh nft ticketing and so forth uh so we unveiled that we showcased that for uh for members of the press um how it will be used and and so forth some of the questions you got um i mean it went everywhere from um there was a regulatory regulation question related to europe um to questions around decentralization what are what are we doing how do we compare to uh proof of work you know why why digital bits a big part of that is i think we have a lot of common values with um the foundation of prince albert foundation uh around the environment being eco-friendly and so on and so forth and so um um questions of that sort you know how what do you know what's the next chapter look like and and how how um is more and more decentralization in my view going to be fueled and you said you got some announcements you can't talk about um coming okay so is that what's that going to be related to you get a little bit of teaser on that is it going to be something how big we be massive is it the grand finale or is it it's not a finale the unveiling it's an op unboxing of a new deal what's what's what is it a deal is it technology um it is uh um it's it's um large uh organization um that um is is leveraging uh both um the digital bits watching and digital body swerve that one okay good well al thanks for coming on and congratulations we will catch up with you either at the end of the day here on the live program or we will be at the yacht club in monaco yacht club tonight for the big event we hope to be live there but if not we will report on that yeah thanks for having me john all right congratulations digital [ __ ] really rocking the world here in monaco love the name digital bits makes tons tons of sense platform to enable applications this is the future you're going to start to see this decentralized model that kind of looks like cloud computing but not it's a technology enabling the creative and the and and the application transformations to decentralization it's coming almost every single category will be centralized we'll be covering a blanket on the cube i'm john furrier thecube thanks for watching [Music] you

(gentle music) >> Welcome to theCUBE's coverage of PagerDuty Summit. I'm your host for "theCUBE", Natalie Erlich. And now we're joined by the CEO and Chairperson for PagerDuty. We're joined by Jennifer Tejada. Thanks very much for joining the program. >> Hi, Natalie. It's great to have you, and "theCUBE", with us again. >> Fantastic, well, let's do an overview of what PagerDuty does and how it's helping its customers. >> Well, PagerDuty is a digital operations management platform. And what that means is that we use software to detect real-time issues and events from the complex ecosystem of technology that's really hard for humans to manage. We then intelligently orchestrate that work to the right teams, the right people with the right expertise, in the moments that matter the most to your business. And that's become especially important as the whole world has moved to a digital-first world. I mean, pretty much everything we do we can experience on demand today but that's only made possible through the complex technology and infrastructure that's managed and operated by responders all over the world. And PagerDuty's digital operation solution communicates issues in real time to ensure a perfect customer experience every time. >> Terrific, and if you could go through some of the key features like on-call management, incident response, event intelligence and analytics, it would be really great. >> Sure, so, our heritage started with automation of the on-call situation for engineers. So, back in the day, many organizations had software engineers building apps, platforms, infrastructure, but then they would throw that over the wall to an ops team who would manage it in production. That led to poor code quality, it led to lots of challenges when people would release software in the middle of the night on a Saturday, et cetera. And it meant that it took a very long time for companies to manually get a problem into the hands of the right person to solve it. We automated all of that using an API-based ecosystem that connects to over 460 of the most popular applications, observability stacks, monitoring systems, security applications, ticketing environments, cloud environments, et cetera. And so, all of that is now seamless. What that data enabled us to do was build an event management solution, which we call Event Intelligence, which now uses AI and machine learning to help responders understand the nature of all the different events coming at them. So, for instance, instead of seeing 100 events coming at you from 16 different monitoring environments in your infrastructure, PagerDuty will use AI to know that of those 175 are part of the same incident. They're events conspiring to becoming a business-impacting incident. And that allows our teams to get ahead of things, to become proactive versus reactive. We've also built analytics into our solution which helps our customers benchmark themselves and their operational efficiency versus their peer group. It helps them measure the health of their teams and understand which services are causing them the biggest challenges and the most expense whether that's labor expense or customer impact. And most recently, we've been really thrilled with our acquisition of Rundeck which helps us automate the remediation of events which now means that PagerDuty can automate incident management and incident response, both upstream, in terms of identifying events as they flow in, and also downstream, safe self-healing of infrastructure, application and platform environments to get things back to the way they need to work in order to serve end customers and serve employees across an enterprise. We're really excited as our vision has expanded to become the ubiquitous platform, the de facto platform, for real-time work. And what we've seen over the years is our customers coming up with very imaginative ways to use our software to solve real-time unstructured, unpredictable work across the company. That can be legal teams managing across different geographies and business units to close contracts at the end of the quarter, it could be financial services companies that are managing their physical security as well as their digital security through PagerDuty where time really, really matters if you have a data breach or a potential physical security incident. It could be customer service where customer service and support teams are working very closely with engineering teams to identify issues that are causing customers problems and to manage those issues collaboratively so that the customer experience is protected. So, just some examples of how PagerDuty is getting leveraged. And we're really excited to talk about some new innovations at Summit. >> Terrific, well, you really have your thumb on the pulse of corporate America, and as you know, last year, we talked about the pandemic and now we're looking at going back to the workforce, we're looking at the future of work. What does that look like for you? >> Well, the future of work is here and one thing is for sure, it has changed permanently. I think we all learned from the past year that remote work can provide a lot of flexibility and can level the playing field for people all around the world. It means you can access talent from different geographies. It means you can have a different level of work-life balance, but it also comes with its own set of complications. And one of the reasons we pulled Summit earlier from September into June was we really wanted to be a part of this kind of grand moment of reopening that we're seeing around the world. And that means that every organization that we're working with is redesigning their future. But that didn't start today, that started several months ago, as companies learned from their remote work experience, learned from their on-demand experience in dealing with their own customers. And it took some of those innovations and brought them forward into kind of the new design for the way teams will work, the way brands interact with their customers. And at Summit, you're going to hear us discuss why now is the moment, now is the moment to harness your digital acceleration because that's really the way that business is getting done. I mean, frankly, every business is now a software business and all business is now digital business. And PagerDuty has proven itself as the essential infrastructure on which all companies, all brands, can build their success. And as we widen our aperture we think about building the platform for not just today's challenges, but tomorrow's challenges. So, at Summit, you'll hear us talking a lot about resilience and how your entire organization and your brand will be judged on your ability to stand up a resilient business, a resilient brand experience for your customers. Today, uptime is money and resilience and reliability are the currency of tomorrow. We're entering into this era where autonomy is everything when it comes to work. I mean, employees, and generally humans, do not want to be stuck managing mundane tasks. And the hybrid work arrangements that we're anticipating mean that PagerDuty's platform will become even more essential for customers because hybrid work drives more complexity. It means your teams are distributed, they maybe distributed across regions, co-located, remote at home, in different time zones. And when something's going down that's really causing a problem in your business, you need to orchestrate work across the right people that can make a difference in that moment. Autonomy and flexibility, frankly, is what people expect from work. And they also expect to engage with apps and platforms that are easy to use, that are intuitive, that deliver really fast time to value. And that has long been at the core of PagerDuty's offering and value proposition. And none of these autonomous or automation investments replace human expertise. They allow our platform to channel that expertise and the expertise of your users to give them context and visibility to make the best possible decisions in the moment that matters. And I think that is so empowering as we think about this flexible new hybrid way of working. And then lastly- >> And I love the points. >> Oh yeah, go ahead. >> Yeah, I love the points that you make about resilience and autonomy. I'd love it if you could just drive a little further how we can build more connection now that we're going into the office and also integrating this kind of hybrid system. >> Well, I think it's really interesting because in some ways I feel super connected to my employees 'cause I'm engaging with them one-to-one, my box and their box. I have had the opportunity to stay connected to customers and executives across the industry over course of the pandemic. And yet, I'm an extrovert, I miss the in-person opportunity that kinetic energy that comes with being together in a room. And I'm looking forward to being back in studio, doing interviews with you, Natalie. But at the same time, I appreciate the convenience that I've gained. Like, I'm not looking forward to commuting again. I mean, I plan to only get on the road during off hours in the future. And I realize that I don't have to travel six hours for a two-hour meeting on the other side of the U.S., or 15 hours to have a meeting in Europe, I can get a lot of business done online. Having said that, that connection is so important. The social contract that you create with your customers and your businesses is so important. And making sure that we can connect the complex technology that runs the world today is also really important. And that's where PagerDuty plays a role. PagerDuty really helps you know who you need, what you can leverage them for, and gets them in touch when you need them, like I said, on the work that is somewhat unpredictable but can be very high priority, the highest priority in the case of a security breach or a major customer-impacting incident. And so, using AI apps, or sorry, using AI and automation to make sure that we can intelligently route work to the right people is a big part of how our platform has come together and really become the central nervous system of the digital economy. >> Yeah, I mean, these are really great points and it's a bit of a silver lining actually with the pandemic, learning that we can really stay connected despite not being in the office and now have more hybrid systems of work. But let's switch now gears to talk about leadership in our communities and how we can truly activate change and a far more just and equitable world. >> Well, I am a huge believer in social responsibility and social impact, and I really appreciate how all of our employees have come together to leverage PagerDuty's platform for good. When we went public, we launched pagerduty.org which was led by Olivia Khalili. And I know you'll hear from her and some of our impact customers this week at Summit, but I think what's really important is how engaging it is for our employee base. Last year, 93% of PagerDuty employees have volunteered their time for social causes and philanthropy. And that's in a time when we were all enduring a hardship of our own, we were all facing an unprecedented pandemic. We've donated over a million dollars in financial grants to over 400 organizations through strategic giving and employee-match programs. And we've opened civic engagement. We've opened source civic engagement with our Day for Change for our employees and our toolkits which we've shared broadly throughout the industry. We signed on to the Board Challenge which I was thrilled to do because I'm a big believer that more diversity in the boardroom is going to lead more equity in corporate America. And thrilled to add Bonita Stewart and Dr. Alec Gallimore to our board last year. And I think representation is so important at the board level, not just because it's the right thing to do, not just because it's the right thing for business, but it's the right thing for career growth for your employees, showing them the path to what's possible for them with your company. And finally, we published PagerDuty's first ever "Inclusion Diversity and Equity Report", which is part of our effort to provide transparency around not just what we're doing, but how we're measuring it, how we're progressing, so that we can get better every year. And we've highlighted our work to support time-critical health, our work to support equity in the response to COVID including vaccine distribution. And I really enjoy some of the impact stories that we hear from our non-for-profit partners that are working with us at pagerduty.org. So, leadership is what you make of it and you can lead from every chair in an organization. And I'm so proud of the leadership, our employees, and many of our customers have demonstrated in this time of particular challenge around the globe. And we're not through it entirely yet, and so, I'm just really hopeful that we can all come out of this better together. >> Right, and speaking about leadership, why do you think that diversity is so critical for effective leadership? >> Well, first of all, I think it's our responsibility to reflect the communities that we serve. My users do not all look the same, they don't come from the same background, they're from over 150 countries around the world. They're solving a diverse set of problems. And in fact, the problems they're solving with our platform is growing every day as they imagine how to apply our technology, our digital operations platform, to different types of real-time work around their companies. But diversity is also important in problem solving, in looking at challenges through different lenses, in thinking about the different stakeholders that you serve in that process, and in creating an equitable community around you, creating opportunity for people around you. I mean, one of the things that we did that was a business decision a couple of years ago was to open an office in Atlanta. And part of that was to create a path, create opportunities for Georgians and people in the Metro Atlanta area to participate in the tech industry. This was before everybody was working from home, before those geographical barriers were broken down. And I'm thrilled to say, we have a thriving community now in Atlanta that's growing and we're hiring. But that's just one example. That was the smart thing to do for our business, but it was also a great thing to do, I think, for the community. And we've brought new minds and all kinds of new people into our business. And this month we're celebrating Pride Month at PagerDuty, which I'm thrilled to do. We have very active LGBTQ community who contribute hugely to our efforts and to our customers' success. And we think that everybody deserves an equal shot at opportunity at the lifestyle they want and the opportunity to build their own bright future. >> Great, and just lastly, what's the main focus for PagerDuty in the next year? >> The main focus for PagerDuty next year is really executing on our strategy to become the defacto platform for real-time work, ensuring that we can leverage the largest domain-agnostic ecosystem of connected apps and services, that we can leverage the largest dataset based on responder data, workflows, events and incidents to help our customers deliver the resiliency, the autonomy, and the connectedness that they're looking for to serve their customers and accelerate their digital prospects and frankly, to prosper in the future. So, it really is about becoming that de facto platform for action for all your real-time, unstructured and important work. >> Well, Jennifer Tejada, the CEO and Chairperson of PagerDuty, loved having you on this program. Really appreciate your insights on diversity and leadership, and, of course, the next phase for PagerDuty itself. I'm your host for "theCUBE" now covering the PagerDuty Summit. Thanks for watching. (bright music)

>> Narrator: Live from Chicago, Illinois it's theCUBE. Covering VeeamON 2018. Brought to you by Veeam. >> Welcome back to VeeamON 2018. This is theCUBE, the leader in live tech coverage. My name is Dave Vellante with my co-host Stu Miniman. #VeeamON, our second year of VeeamON coverage, this is day one. Carey Stanton this year is the Vice President of Strategic Alliances at Veeam. We're having a great conversation about it. Hockey, Cape Cod. >> Golden Retrievers. Golden Retrievers. >> Oh, I love dogs. >> Dave, how many times do we travel the world and talk to a local? (laughs) >> Boston area guy. >> So welcome to theCUBE. >> Thank you very much. >> And welcome to Boston. >> A year and a half in Boston, right downtown empty nesters. My two children are back doing university in Canada. I've got a sophomore and a junior so my wife and I are living in Boston empty nesters, it's awesome. >> That's great, you've got to love it. And I love the fact that you're from Ottawa, but you're a Bruins fan. >> Yes, I've basically turned into a Bruins fan. I'm a Red Sox fan and a Patriots fan and the Celtics are in the playoffs. >> Yes, love this guy. >> You'd better be if you're working for Peter MacKay. >> Yeah, you have to. It's like you have to sign in. And I've worked for Peter for 17 years, three different companies. >> Okay, so you were at VMware. >> I was at Vmware, I was at Desktone, and then we did IBM and part of that was Watchfire which we sold to IBM. So, a long journey. >> So give us the update, what's happening in alliances. >> Yeah, so it's great. As you know we have our global reseller agreement that we announced most recently with NetApp just in March. We're now on their GPL. We went live on Cisco, we announced Cisco back in August but we went live on November 15th and we have HPE and all three of them are just exceeding expectations as far as the demand and the interest we're getting from our sellers. As you've seen from Peter and Veeam, we're targeted to the enterprise. We have our messaging our own hyper-availability. So these partners bring us a huge opportunity by working into their customer base, but we close 133 customers a day, right you heard Peter mention that. But we're bringing them into our customer base which is traditionally SMB and commercial and we're working with them on their enterprise. But an exciting stat for that one is that we say no naked Veeam. When you sell with an alliance partner it's six to eight times larger than if we sell standalone. So it's working, the messaging and the enabling we have with our field and we're 100% channel. So that's working very well on just the enablement with Jeff Giannetti, Sean, and Olivia, and Ameya. >> Well the other thing that you guys seem to have done is figured out how to take a long view, a strategic view with these partners. Many organizations, they look for the tactical. Okay, how much money >> Yes, yeah. are we going to make this year? You're looking at the lifetime value of a customer. >> Correct. >> It's frankly quite unique in this business. >> Well, the interesting thing we're doing which is not just on the global resellers which is on all of our partners is that we look and say what's a good partnership look like or what's the great partnership look like. And what we have is the investment that we are because we're private is we'll do the front-end investing up front. We'll do a joint business plan, have shared metrics across the table. So whether that's with Pure Storage or with Nutanix, with our VMware, Microsoft, we front-load all of those investments. To your point, is that we're not just waiting to see did we have success year one and then we'll invest year two. We take that three year business case view up front and do the front-end load investment. So, what does that mean? That's a dedicated business development team. We have 25 people working and go to market with HPE or 12 working with Cisco and we take that from technical architects, field marketing, product marketing and to make that in clot entire plot. >> Yeah, Carey, I wonder if you can give us a little bit of a compare and contrast. VMware built one of the best ecosystems out there. We already talked once today. For every dollar you spend on VMware you did 15, 20 dollars with the ecosystem, Veeam's nice vibrant ecosystem >> Yes. getting deeper with some of those partners. Give us a little compare from your previous life. >> Yeah, sure, so at VMware no question that they had that solution so we take that here as well and we call it the Veeam Currency. So when you're going in and selling Veeam, if you're selling an average selling price of $10,000, we're working with our partners where they're seeing that that deal is going to turn into a $50,000 traditional with an alliance partner sale in conjunction with their hard work. So they're managing the entire software process so they're seeing their up leveling the messaging so no longer just pinpointing at a hardware solution. And they're increasing their average selling price by 10x, so Cisco is at a great set. 10x, again I'll repeat 10x with Veeam on doing those deals. First it's just trying to go in and sell HyperFlex Standalone. >> It's just a really critical time in the industry right now. Our research shows that there's a gap between what the business expects in terms of the degrees of automation, the level of quality of services and what IT is actually delivering. So that says that customer base is really ripe for churn in a lot of accounts. And so you guys being aggressive with partnerships in regard to making that investment as a private company, the timing frankly couldn't be better. Especially as you go from what was a virtualized world where you guys did very, very well to now this cloud, multi-cloud digital, you know throw in whatever buzzword you want. But, we are at an inflection point. >> Yeah, we sure are. I think that what we're seeing with our partners especially on HPE and Cisco and Nutanix is they're all near hyper converged and so they're going in a whole different sales motion. We're seeing it on our hybrid cloud, we're a number one close sell partner with Microsoft. So we have our backup, native backup to Azure and so we're seeing this destructive market in the market place and we're also seeing a lot of our partners have competitive takeouts of Dell Avamar, right and their data domain. So we're going in and taking out Dell Avamar and they're going in and data domain so we have a lot of synergy and so as these traditional vendors such as Avamar, Veritas, Commvault, and the IBM Tivoli Solution is that we have those sales motions going with our partners that are going after those hardware solutions. So, again, it's very synergistic with our tier one partnerships. >> Well you see a huge drive towards simplicity. I mean, another thing you guys do really well is, and it sounds so simple, but you're compatible with a lot of different clouds, for example. So more work loads, more environments increases your TAM and your friendliness to partners. It sounds simple, but execution is not. >> Yeah, we're a Swiss based company, we remain. The Switzerland is that we work with all partners in all routes and so we've seen a lot of success in that way. We see a lot of demand coming from our customers, our partners wanting to work with us in these multi-cloud solutions that we have with Microsoft. >> Biggest challenges, is it a channel conflict? Dealing with deal registration, I mean, what are some of the challenges you guys are facing? >> I think that challenge is just enabling our sales teams on how to work with these partners and to understand the sales motion. And some of our sales execs are 20 year veterans that have come in and worked in a traditional place where when you went out to tackle an enterprise deal, you did that standalone. And we realize that we don't take any deals direct. So just getting them in the sales motion with our partners is a challenge, but one that is easily adapting to success that we're having in the field. >> Alright, Carey I know you're super tight on time. We promised to get you out >> Yes, sir. of here. We've got to leave it there, but thanks so much for coming on theCUBE. We really enjoyed having you. >> Okay, thank you very much. >> Alright, keep right there everybody, we'll be back with our next guest right after this short break. You're watching theCUBE live from VeeamON 2018. (techno music)