Demand for Cybersecurity, AI & Cloud services fuelling startup acquisitions by key enterprise players

Key Signals in Consumer Software

Mergers and Acquisitions
BYJU’S on an edtech startup shopping spree with Great Learning and Toppr acquisitions 
BYJU’S acquired Great Learning for USD 600 Mn and bought Toppr for USD 150 Mn. Byjus is set to dominate the edtech space with its swift and strategic acquisitions. Read More>>
Epic Games aims to make 3D, other content more accessible with latest acquisition
By joining forces, Epic and Sketchfab will be able to make 3D, AR, and VR content more accessible and grow the creator ecosystem, which is critical to an open and interconnected Metaverse, Epic explained in a blog post. Read More>>
Indy AI company acquired by Shutterstock – WISH-TV
Shutterstock Inc. has just acquired three artificial intelligence companies, including Indianapolis-based Pattern89. The Hoosier company uses its AI platform to help grow data science, sales, and marketing efforts. Read More>>

Google Cloud, SAP expand strategic partnership   
Google Cloud and SAP SE have announced an expanded strategic partnership to help accelerate business transformation in the cloud. Google Cloud will join as a strategic cloud partner for the RISE with SAP offering as part of this partnership. Google will also expand the availability of SAP services available on Google Cloud. Read More>>
Tencent join forces with WPP to prevent isolated data silos for advertisers
WPP and Tencent are joining forces to help advertisers in China make full use of data and artificial intelligence. The two parties are coming together to ensure that despite the stricter data privacy protection regulations being put in place, there will not be isolated data silos and complicated data exchange practices. Read More>>
Telefonica Tech partners with CrowdStrike to strengthen the digital protection of its clients
Telefonica Tech, has signed a partnership agreement with CrowdStrike, a leader in cloud-delivered endpoint and workload protection, to strengthen the capabilities of its Managed Detection and Response (MDR) service, integrated in NextDefense. Read More>>
Executive Movement
Coinbase appoints former Google Distinguished Engineer and Ex- Dropbox CTO Bharat Mediratta as fellow  
Bharat Mediratta has reportedly joined digital assets firm Coinbase as Fellow. The former Google Distinguished Engineer and Dropbox CTO and SVP aim to bring his deep technical expertise to Coinbase, according to the announcement. Bharat brings many years of industry experience as a senior technical leader to Coinbase. Read More>>
CareerBuilder announces new CEO
Job board firm CareerBuilder named a new CEO, announcing that Susan Arthur will be taking over the role from Irina Novoselsky, effective immediately. Arthur has more than 30 years of experience and joins CareerBuilder from Optum, a division of UnitedHealth Group, where she was chief operating officer for its USD 10 Bn technology and services business. Novoselsky, who became CEO at CareerBuilder in 2017, will continue with the company as an advisor. Read More>>
Deals and Deal Renewal
RTI receives Epic MegaGrant from Epic Games
Real-Time Innovations (RTI), the largest software framework company for autonomous systems, has received an Epic MegaGrant from Epic Games, which will be used to advance the development and integration of RTI Connext DDS with Unreal Engine, the open and advanced real-time 3D creation tool. Read More>>
Symphony selects Google as primary Cloud provider 
Under the multi-year deal, Symphony will migrate its platform, which serves more than 1,000 top financial services firms, onto Google Cloud, providing customers with global, reliable, secure, and scalable cloud infrastructure. The combination of Symphony’s innovative and secure communications platform with Google Clouds scale and leading AI/ML capabilities will provide incredible value for financial services institutions across the globe. Read More>>
Lyft and HERE Technologies partner to improve the rideshare experience through better data
Any ride made through the Lyft platform will now come with an improved search database for places and addresses and even more accurate driver ETAs, thanks to HERE Technologies data solutions. Lyft has implemented HERE Geocoding and Search Service, which enables riders to search for pickup and destination addresses and points of interest directly through the highly popular app. Read More>>
TripActions selects Salt Security to protect the APIs driving its cloud-based corporate travel management platform
The continuous discovery capabilities of the Salt platform have enabled TripActions to identify future API risks and exposed data. The platform has also delivered remediation insights into potential vulnerabilities that the company can use to improve its API security posture. Read More>>
Center setup and Expansion 
Google opens new cloud region in Australia  
Google has launched a new cloud region in Melbourne, Australia. First announced last year, Melbourne will be the company’s second region in Australia, having opened its first cloud region in the country in Sydney in 2017. The new region provides businesses with an opportunity to accelerate operations, improve digital resource availability and provide better user experiences than ever before, said Google. Read More>>
Instacart signs cost-cutting deal to use warehouse robots
Instacart is joining e-commerce technology startup Fabric to equip fulfillment centers with robots in an effort to speed up delivery and cut costs as it prepares for an initial public offering. The pandemic catapulted Instacart from a startup to a delivery behemoth as consumers looking to avoid shops rushed online. Read More>>

Key Signals in Enterprise Software

Mergers and Acquisitions
Limelight Networks enters definitive agreement to acquire Layer0
The acquisition is aimed at making Limelight meaningfully transform into an edge SaaS provider and also driving its revenue, margins and EBITDA. The acquisition would benefit Limelight’s global edge network with Layer0s edge orchestration, application acceleration, and developer workflow capabilities and help create a leading-edge solution. Read More>>
HP to buy Teradici to improve virtual-desktop delivery
The computer maker said the acquisition would lead to higher-performing hosted desktops for customers with remote workers doing computing-intensive tasks. Teradici is known for its PC over IP (PCoIP) protocol, which delivers virtual desktops for high-performance uses, like CAD and 3D rendering.  Read More>>
Analytics specialist Suplari is acquired by Microsoft
The business analytics provider Suplari has been acquired by Microsoft to give more data insights into supplier spend. Microsoft plans to use Suplari’s Spend Intelligence Cloud solution to beef up its Dynamics 365 offering. Read More>>
SNP acquires SAP Data Specialist Datavard  
Datavard has been active in the market for over 20 years and focuses on transformations and data management in SAP landscapes. In the area of transformation, Datavard supports companies in migrating to SAP S/4HANA, modernizing their analytics and data warehouse landscape, and carrying out mergers and acquisitions, carve-outs, and company splits. Read More>>

Alteryx partners with Snowflake
Alteryx becomes Elite partner in the Snowflake Partner Network to further accelerate analytics and data science automation for global organizations. Alteryx accelerates value from Snowflake, Data Cloud Company to business users by providing unified analytics automation for knowledge workers across an organization. Read More>>
HammerTech announces integration with Procore to provide connected safety and operations 
New integration increases collaboration by connecting field and office teams for more accurate data, subcontractor qualification, faster onboarding, and project startup. The integration enables construction teams to leverage proactive, data-driven, connected worker and subcontractor information to and from the jobsite. Read More>>
Microsoft and BT in Voice Partnership
The deal will see BT move its Global managed voice services to Microsoft’s cloud. Microsoft said that the unique partnership paves the way for the development of revolutionary new cloud-based products and services for both BT customers and the telecoms industry. Read More>>
Red Hat and Nutanix announce strategic partnership to deliver open hybrid multi-cloud solutions
Customers looking to run Red Hat Enterprise Linux and Red Hat OpenShift on hyper-converged infrastructure (HCI) will be able to use an industry-leading cloud platform from Nutanix, which includes both Nutanix AOS and AHV. Read More>>
Executive Movement
Mavenir appoints Bejoy Pankajakshan as CTSO
Bejoy will power Mavenir’s leadership in innovation and support the company’s vision to deliver a single software-based network that runs on any cloud. As CTSO, Bejoy will focus on setting and developing a coherent architecture direction in partnership with different business units, accelerating the cross-functional alignment of Mavenir’s product portfolio that delivers and creates a path for future technology innovation. Read More>>
Anirudh Devgan to become next Cadence CEO
Cadence Design Systems Inc. CEO Lip-Bu Tan will transition to the role of executive chairman on December 15, 2021, with President Anirudh Devgan assuming the role of president and CEO at that time. Devgan is joining the Cadence Board of Directors effective August 2, 2021. Read More>>
VMware’s Alister Dias tapped to head up Google Cloud in A/NZ 
Google Cloud has named former VMware Asia Pacific and Japan networking and security vice president Alister Dias as its new vice president for Australia and New Zealand. Dias has been tasked with driving the company’s go-to-market strategy in his new role, deepening key customer and partner relationships and being responsible for operational execution across the A/NZ region. Read More>>
Collibra appoints Madalina Tanasie as Chief Technology Officer
As Collibra’s CTO, Madalina will lead engineering, architecture, security, production engineering, excellence enablement, and quality assurance. Madalina has more than 15 years of leadership experience in software engineering, cloud-native distributed systems, and process management.  Read More>>
Deals and Deal Renewal
Treasure Data selects Neustar’s Unified Identity to power consumer data   
As part of the agreement, Treasure Data will leverage Neustar’s Unified Identity data solutions to power data hygiene, data enrichment, and audience segmentation within the Treasure Data CDP. Brands can improve the depth and accuracy of their offline and online consumer data to expand consumer reach and improve overall marketing effectiveness. Read More>>
CoreLogic partners with Paradatec
CoreLogic has selected Paradatec, Inc’s artificial-intelligence-based (AI) document classification and data extraction technology for its loan auditing tool, Corelogic HMDA Check. The tool assists lenders in complying with the Home Mortgage Disclosure Acts (HMDA) requirements to publicly disclose mortgage data to combat housing discrimination. Read More>>
Cadence announces ML-based tool Cerebrus to automate chip design
Cerebrus uses unique ML technology to drive the Cadence RTL-to-signoff implementation flow, delivering up to 10X productivity and 20% PPA improvements for implementation. With the addition of Cerebrus to the broader digital product portfolio, Cadence offers the industry’s most advanced ML-enabled digital full flow, from synthesis through implementation and signoff. Read More>>
Center setup and Expansion 
Microsoft-Telangana govt in talks to set up USD 2 Bn data center
The US tech giant has zeroed in on a patch of land near Hyderabad for building the facility. Microsoft’s plan to set up the data center comes close on the heels of Brookfield Infrastructure planning to establish a joint venture to develop such facilities in India under the brand name BAM Digital Realty. Read More>>

Latest Industry Insights from Draup Braindesk

Major Players have started adopting enterprise applications on a wide scale for network management, data protection, and data sharing solutions 

Mankind Pharma has collaborated with Accenture to accelerate its digital transformation journey toward becoming an intelligent enterprise, resulting in increased business agility, performance and efficiency. 

Virtusa Corporation has launched Virtusa iComms, an intelligent marketplace that enables Communications Service Providers to innovate more quickly and create solutions that use Virtusa Intellectual Property.  

UST made a strategic partnership with ThinkIQ to develop a solution that integrates advanced visibility with process optimization capabilities to improve output yields.  

Quantum AI, AI Chips, AIOps, Hybrid AI, and AIoT are creating a breakthrough innovation in the Indian AI Market 

Tookitaki launched AI-Driven Anti-Money Laundering (AML) solution in a secure and flexible as-a-service consumption model using HPE GreenLake for Big Data for banks and financial institutions across Asia-Pacific. 

Nordic MedTech partnered with and launched advanced AI-based chest X-Ray interpretation tool “qXR” technology for medical imaging diagnostics 

Talentica joined Google Cloud Partner Advantage Program as a Service Partner. The intent is to simplify cloud adoption and AI/ ML integration for startups. 

Digital manufacturing technology is related to manufacturing that is based on a computer system and includes 3D visualization, simulation, and a variety of other resources needed to produce products and optimize the manufacturing process 

Honeywell and Tech Mahindra have teamed up to build “Factories of the Future”, leveraging industry-leading digital technologies. The two companies planned to capitalize on digital transformation, 5G, Industry 4.0, software capabilities, and engineering expertise 

Mitsubishi Electric has renewed its SCADA lineup, now offering two types of software for system monitoring and process control under the series name “GENESIS64”, replacing the existing “MC Works64” SCADA software. 

ABB has expanded its collaborative robot (cobot) portfolio with the new GoFa and SWIFTI cobot families, offering higher payloads and speeds to complement YuMi and Single Arm YuMi in ABB’s cobot lineup. 


Latest Reports Published in Draup

Domo Account Intelligence Report – July 2021: Domo focuses on Real-Time Trackers, Cloud Solutions, and Analytics Solutions to reduce the technical barriers to understand data and overcome data challenges related engagements. Read More>>
Blue Yonder Account Intelligence Report – July 2021: Blue Yonder’s digital initiatives aim to offer advanced supply chain & Logistics solutions to its customers. Through this model, Blue Yonder will position its future goals in enhancing its capabilities across digital offerings. Read More>>

Key Funding Alert

Pensando Systems receives nearly USD 35 Mn in new funding 
Ericsson and Qualcomm, two strong players in the 5G market, are particularly excited for Pensando’s software, especially as the IT market transitions away from boxes. Pensando will be working with large service providers to help them make the shift to container-based solutions that can offer the scale and performance that these companies require. Read More>>

Startup Spotlight

Company – Cognism
HQ Location – London, United Kingdom 
Total Funding – USD 28.89  Mn
Year of Inception – 2015
About: Cognism is an end-to-end sales-acceleration solution that provides sales organizations with a more efficient way to prospect. Cognism is helping to enrich CRM records, stream leads into the funnel and is using artificial intelligence to surface opportunities and identify customer trends. Read More>>
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