Report: AWS Raking in $1B in New Cloud Deals

Amazon Web Services' lead in the cloud market is set to become even more pronounced as it reportedly inks major contracts with SAP and Symantec that are worth a combined $1 billion.

Bloomberg reported on the two deals this week, citing an internal AWS memo. AWS, SAP and Symantec each declined to comment on Bloomberg's article.

SAP and Symantec both already partner with AWS in various capacities; SAP and AWS have been steadily increasing the interoperability of their cloud products, while Symantec has tapped AWS to run the "vast majority of its cloud workloads."

According to Bloomberg, the two companies have now deepened their respective partnerships with AWS to the tune of $500 million each over five years, or $200 million annually.

The contract with SAP is said to revolve around storage, data management and compute offerings, as well as artificial intelligence (AI) and Internet of Things (IoT).

Meanwhile, the Symantec agreement entails the security giant moving its "Managed Security Service, Network Protection and Website Security Service products" to the AWS cloud over the next two years, Bloomberg indicated. The agreement would have Symantec increasing its investments in AWS more than sevenfold.

AWS apparently beat out rival Microsoft for the Symantec contract, Bloomberg said. Microsoft's Azure platform is AWS' closest -- if distant -- competitor in the public cloud space.

News of the SAP and Symantec partnerships comes just as AWS seems on the cusp of securing another blockbuster contract: a 10-year, $10 billion deal to operate the U.S. Department of Defense's Joint Enterprise Defense Infrastructure (JEDI).

Bidding for the JEDI project has been controversial, with the likes IBM and Oracle protesting the contract's single-vendor nature, which they claim favors AWS.

About the Author

Gladys Rama (@GladysRama3) is the editorial director of Converge360.


Subscribe on YouTube