Money For Growth

Two vendors last week announced multimillion-dollar investments aimed at helping its channel partners. Meanwhile, VMware underscored the potential of software-defined networking when it released quarterly numbers. Here's a look at five big stories from CRN.com last week that have potential impact on solution providers.

$50 million

Size of a new fund from a venture arm of Salesforce that will provide cloud consulting companies with the capital they need to continue building and expanding their Salesforce practices. In an interview with CRN, Neeracha Taychakhoonavudh, senior vice president of partner programs at Salesforce, said the investment – called a Trailblazer fund - would help fuel growth for the company's many partners, especially businesses in the services area.