Google Cloud wins Adani Group digital transformation contract
Key Signals in Enterprise Software
Centre Setup and Expansion SAP launches digital innovation hub to drive engineering, R&D The Company announced the launch of SAP Labs Singapore, a digital innovation hub the company will drive product leadership, foster local digital talent, and boost ecosystem and community engagement. The future is created, and therefore SAP helps customers become sustainable, intelligent, and networked enterprises. Read More>> Guidewire opens new EMEA headquarters in Dublin Adapting to the new world of work, Guidewire is offering employees fully remote and hyperflexible working practices. Guidewire’s Dublin base has grown to become the company’s largest employee community in Europe and outside of the USA, including a diverse range of 35+ nationalities. Read More>> Xero opens new Melbourne HQ to help drive tech talent The company has opened a new Melbourne headquarters in a bid to attract and retain tech talent locally. The company has also announced a string of new updates to help further nurture talent and relationships. Located in Hawthorn, Melbourne, the new facility is the first time in 10 years that all staff in the local team will be together in the same complex. Read More>> Sophos opens its Data Center in India The company announced that its new data center in Mumbai is now open. The Sophos data center provides local capacity to address the growing demand for Sophos Central, the cloud management platform that supports Sophos’ portfolio of advanced, next-generation cybersecurity products. Read More>>Deal Complexity Gaming signs multi-year agreement with Lenovo The company announced a multi-year sponsorship agreement with Lenovo, making the company the exclusive desktop and laptop PC provider. Complexity’s Frisco-based headquarters will now be named the Lenovo Legion Esports Center, and the Lenovo logo will be featured on Complexity’s official jerseys. Read More>> Weir Minerals and AVEVA sign digital services agreement Weir Minerals and AVEVA have signed a digital business framework for strategic cooperation. Digitally enabling the mining industry by simplifying data access and data sharing with easy and secure on-premises or cloud integration between Weir Minerals and its customers. Read More>>Partnerships SKT partners with Dell Technologies to release 5G MEC platform targeting global market The platform can be provided in a customized manner and will enable enterprises to deploy MEC in a prompt and stable manner by supporting interworking with public clouds. Read More>> Egypt Ministry of Finance taps IBM and SAP for Automation IBM Consulting is collaborating with its partner SAP to provide Egypt with an integrated solution based on the SAP Tax and Revenue Management for Public Sector package. The software package is intended to give the Ministry of Finance a business operations platform to help streamline and automate its processes into intelligent workflows, enhance collaboration, and elevate its citizen experiences. Read More>> Globant joins AWS to launch AWS for Games Service Offering The company announced it is collaborating with Amazon Web Services (AWS) to launch AWS for Games, the new service offering launched which enables developers to easily leverage the breadth and depth of AWS services to build smarter, more immersive, and engaging games. Read More>> CSIRO and Nvidia sign agreement to accelerate Australia’s AI capabilities The companies have signed a collaboration agreement to ramp up the country’s AI capabilities and adoption of the technology across industry, academia, and the public sector. The AI center is based within CSIRO’s Data61, and was established to coordinate national AI activity, expertise, and capabilities with the hopes of improving productivity and lifting competitiveness. Read More>>Mergers and Acquisitions HP Inc. to acquire Poly Combining HP and Poly creates a leading portfolio of hybrid work solutions across large and growing markets. Bringing the Poly and HP offerings together will unlock new opportunities to partner with Zoom and turn any space into a hub for dynamic video collaboration. Poly will help drive the growth and scale of HPs peripherals and workforce solutions businesses. Read More>> Mitek acquires HooYu for USD 98 Mn to help businesses combat fraud The Company announced the acquisition of UK’s KYC technology pioneer, HooYu. The acquisition helps to ensure businesses know the identity of their customers by linking biometric verification with real-time bureau and sanction database checks. The United Nations (UN) estimates that up to 3% of the world’s GDP or nearly two trillion dollars is money laundered annually. Read More>>Executive Movement DreamBox Learning promotes Dianna Winegarden to Chief Customer Officer The Company announced that Dianna Winegarden has been promoted to Chief Customer Officer. With this new role, DreamBox will strengthen its commitment to fostering thriving, engaged, and successful customers across its personalized, research-proven dual-discipline learning solutions. Read More>> Automation Anywhere appoints new Executive Vice President The company has promoted channel lieutenant and longtime Sophos and McAfee partner executive Michael Rogers to lead the endpoint security giant’s 150-person solution provider organization. The Sunnyvale, Calif.-based vendor tapped Rogers to replace veteran channel chief Matthew Polly, who will shift into a new leadership role at CrowdStrike as vice president of North America midmarket sales. Read More>> PayPal appoints new exec VP and CIO The company has announced it is appointing Archana Deskus as executive vice president and chief information officer (CIO). Deskus joins PayPal from Intel, where she has been senior vice president and chief information officer since 2020. Since 2003 and prior to Intel, she held CIO roles at Hewlett Packard Enterprise, Baker Hughes, Ingersoll Rand, Timex and United Technologies. Read More>> Hearst Magazines names new CFO The company named Regina Buckley as chief financial and strategy officer. Buckley will oversee the financial and strategic planning processes across the business. Buckley had served as president of The Guardian News & Medias North American division for the past two years. Before that, she was CFO of the division. Read More>>
Key Signals in Consumer Software
Centre Setup and Expansion Apple to expand its Viborg, Denmark data center and capture heat energy for the city The company has announced that it plans to expand operations at its Viborg, Denmark data center while also installing infrastructure that will allow it to capture excess heat energy for the benefit of the city. Read More>> Facebooks Meta to build USD 1 Bn data center for Metaverse The company will build a new data center in Spain to help build the foundation of its Metaverse, along with plans to hire 2,000 staff in the region to push development. Read More>>Deal PUBG maker Krafton inks deal with Solana Labs The company announced a business agreement with the decentralized blockchain Solana Labs on March 23 to help in designing and marketing of blockchain-based games and services. The partnership is also expected to introduce NFTs in the popular game. Read More>> Google’s signs payment deal with Spotify Google and Spotify signed a multi-year deal that allows Spotify users to pay for their subscriptions using an alternate billing system to Google’s, so long as users still have the option. Google’s move is a significant milestone for app developers after years of app store fee frustrations. The deal also puts more pressure on Apple to make similar concessions. Read More>>Partnerships Adani Group picks Google Cloud to boost digital transformation The company announced a multi-year partnership with Google Cloud, as the company aims to move more than 250 business-critical applications to Cloud. The strategic collaboration will tap each organization’s expertise across best-in-class infrastructure, technology, and industry solutions to modernize the Adani Group’s IT operations at scale. Read More>> Snapdeal partners with Cashfree Payments to enable instant refunds for CoD orders The Company announced its partnership with payments and API banking solutions company, Cashfree Payments, to enable instant processing of refunds against cash on delivery (CoD) orders. With the integration of Cashfree Payments product Cashgram, Snapdeal will be able to process refunds with only the customer’s mobile number or email address, with credits automatically flowing to the customer’s UPI-linked bank account or wallet. Read More>>Mergers and Acquisitions Coinbase close to acquiring 2TM, the parent company of Mercado Bitcoin US cryptocurrency exchange Coinbase global Inc. is close to acquiring 2TM, a Brazilian holding company that controls Latin America’s largest cryptocurrency exchange Mercado Bitcoin. The acquisition which is expected to complete in April would allow the Brazilian crypto unicorn to expand its operations to Chile, Colombia, Mexico, and Argentina. Read More>> Ola is acquiring neobank Avail Finance for an undisclosed amount If this is approved, then Ola will have a 100% in the financial services company, an increase from the 9% it currently has after it had invested in Avail Finance back in 2019. As a part of the transaction, Avail Finance’s leadership team will be joining Ola Financial Services. Read More>>Executive Movement OppFi appoints Pamela Johnson as Chief Financial Officer Johnson joined OppFi as Chief Accounting Officer in 2021. Previously, she was Chief Financial Officer for more than 10 years at consumer finance companies Heights Finance Corporation and Pioneer Financial Services. Johnson also served nine years in accounting with a large regional bank. Read More>> Etsy names new heads of operations, HR The online marketplace specializing in handmade items is appointing Raina Moskowitz, who has been with Etsy since 2018, to an expanded role as COO, effective immediately. Read More>> Kraken appoints Carrie Dolan as Chief Financial Officer to lead company into next growth phase Carrie brings more than 25 years of executive leadership and financial services expertise to Kraken’s mission of accelerating the global adoption of cryptocurrency. Carrie joins Kraken from Tradeshift, a digital payments and trade finance platform, where she successfully helped the company grow and scale its business. Read More>>
Latest Industry Insights from Draup Braindesk
Key Funding Alert
Tea Raises USD 8 Mn led by Binance Labs to create new open-source software on the Blockchain
This funding will be used by Tea Inc. to hire additional resources to continue work on the protocol, software, and the development of the community. Read More>>
Startup Spotlight
Company – Bluesky Total Funding – USD 20.2 Mn About: Bluesky is building the future of work through collaborative experiences for teams. Read More>>
Latest Reports Published in Draup
Symplr Account Intelligence Report
Symplr’s business priorities align with transitioning futuristic digital offerings across its business domains. Symplr will strengthen its capabilities to meet future market demands with this effect. Read More>>
SE2, LLC Account Intelligence Report
SE2, LLC is eager on evolving innovative developments to deliver technology-driven transformations for life and annuity insurance with its end-to-end digital platform. Read More>>
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