Amazon partners with Affirm to implement ‘Buy-Now-Pay-Later’ feature
Key Signals in Enterprise Software
Centre Setup and Expansion Equinix announces completion of USD 50 Mn expansion to SY5 data center The phase 2 expansion of its SY5 International Business Exchange (IBX) data center located in Alexandria, Sydney, adds 2,150 cabinets, bringing current capacity to 3,975 cabinets and colocation space of 11,310 square meters. Read More>> Tech giant ConnectWise to relocate global HQ to downtown Tampa
ConnectWise will occupy 65,500 square feet in the Park Tower Building on floors 1, 12, 23, 24, and 25, with ample space and options for future growth. Read More>>
Deals and Deal Renewal TxDOT terminates IBM from toll operations contract for system issues Since the system’s roll-out, TxTag customers and toll road users have experienced unnecessary challenges in managing their accounts. TxDOT has not seen satisfactory results from IBM and is disappointed in the numerous difficulties the system has created for customers. Read More>> HP leads US Information Systems Agency’s vendor base as of July 2021 HP secured five contracts worth USD 1.46 Bn, according to GlobalData’s Contracts database. Read More>>Partnerships EY and Microsoft expand their collaboration The collaboration will create managed services that fuel client transformation, unlock value and develop a first-of-its-kind, enterprise-scale, trusted data fabric. Read More>> Amazon and Affirm collaborate to work on ‘Buy-Now-Pay-Later’ feature Once the feature goes live, customers at checkout will see the option to pay in a series of monthly installments on USD 50 or more purchases. Read More>> Equinix and IBM partner on the hybrid cloud IBM Cloud Satellite can be deployed to 230 Equinix edge data centers across 64 metros with Equinix Fabric, enabling enterprises to connect to IBM Cloud from their physical or digital infrastructures. Read More>>Mergers and Acquisitions Granicus acquires leading compliance software provider With the addition of GovQA, Granicus continues to extend the capabilities of its Civic Engagement Platform, helping government officials deliver consistent, unified digital experiences to their communities while automating, streamlining, and transforming internal process workflows. Read More>> Baring Asia set to accept USD 3 Bn Carlyle offer for Hexaware The Carlyle Group is set to pip bulge-bracket private equity giants such as Bain Capital, KKR & Co, and the Paris-based outsourcer Teleperformance and is most likely to be the winner with around USD 3 Bn bid. Read More>> Broadcom in talks to buy software firm SAS Institute The acquisition would help Apple Inc (AAPL.O) supplier Broadcom expand its infrastructure software solutions business. The company’s software is used by more than 83,000 business, government and university sites. Read More>>Executive Movement UBS digital transformation exec joins Neptune as technology chief Gavin Collins joins Neptune Networks as technology chief after most recently serving as fixed income, currencies and commodities (FICC) product manager for sales technology, CRM and digital transformation at UBS for six years. Read More>> Dell Technologies appoints new country manager for Malaysia Mak Chin Wah will be responsible for setting the vision for Malaysia’s go-to-market strategy, sales and business growth, as well as overseeing customer relations across public and private sectors, partners and alliances. Read More>>
Key Signals in Consumer Software
Centre Setup and Expansion Flipkart opens three new fulfillment centers in Karnataka season Fresh investment will help support over 10,500 sellers from the state while creating more than 14,000 direct and indirect new job opportunities ahead of the festive season. Read More>> Amazon opens first high-tech grocery store in Maryland
Amazon designed the Amazon Fresh format from the ground up to offer a seamless shopping experience, with extra perks for members of its Amazon Prime paid loyalty program. Read More>>
Deal and Deal Renewal WeWork wins USD 10 Mn federal government contract Under the terms of the deal, when the government requests space from WeWork, the company will either use its existing properties or find new space to place government employees. The company will get paid after it secures the coworking space. Read More>> GE Appliances signs multi-year smart home deal with Google Cloud The partners will combine their expertise – GE Appliances in hardware and Google Cloud in data, artificial intelligence, analytics, and machine learning – to deliver new smart home technologies and improved experiences. Read More>>Partnerships Deliveroo inks collaboration with Boots Boots is the newest high street retailer to join Deliveroo, with 400 products available, including pain relievers, vitamins, and plasters. Read More>> Google joins hands with Setu to let users open FDs on GPay In the initial roll-out, FDs of Equitas Small Finance Bank will be offered for up to one year. The maximum interest rate is 6.35%. Users will have to complete an Aadhaar-based KYC (know your customer) through a one-time password (OTP). Read More>>Mergers and Acquisition Just Eat Takeaway.com acquires Bistro.sk Bistro.sk founder and minority shareholder Milan Dubec executed the sale of the company to Dutch Just Eat Takeaway.com for USD 59 Mn. Read More>> The Access Group acquires cloud payroll and HR platform Definitiv The deal will see The Access Group extend its services to people management and payroll and acquire Definitiv’s 350-strong enterprise customer base. Read More>>Executive Movement Google and Facebook join the board of Advertising Standards Council of India The onboarding of Aditya Swamy (director, Google India) and Sandeep Bhushan (head of India global marketing solutions, Facebook) will help the Indian regulator to formulate better policies and guidelines for the industry. Read More>> Former Amazon VP appointed COO of digital events startup Hopin Digital events startup Hopin has hired former Amazon VP Wei Gao as the Chief Operating Officer to lead the platform’s growth and innovation. Gao, who has worked at Amazon for 16 years, was VP for Amazon Grocery and was previously a ‘shadow’ adviser to former CEO Jeff Bezos. Read More>>
Latest Industry Insights from Draup Braindesk
Trends: Blockchain technology trends are carving new ways of operations and establishing new business models across industries.
Enterprise Blockchain Market Trends:
Blockchain-as-a-Service (BaaS) BaaS is a cloud-based service that enables users to develop their own digital products by working with blockchain. This is an emerging trend as companies generally lack the expertise to deploy the entire blockchain infrastructure and can be expensive for single applications.
Decentralized Finance Leveraging smart contract applications, the BFSI industry is quickly eliminating the requirements of centralized intermediaries such as brokers and exchanges in their operational processes. This is making their processes smooth, efficient, transparent, and error-free.
Cryptocurrency Firms across industries are majorly launching and leveraging their in-house virtual or digital currency for their internal transactions and quick settlements. Countries are also in a race to create their own controlled digital currency based on permissioned blockchain ledgers.
Decentralized Social Networks The approach of decentralized social networks where the power to control data & feeds as well as design protocols lie with the user is highly talked about in the industry. The trend is seen to witness cooperation and participation from the major social media players.
Technology Integration with Blockchain Blockchain technology is increasingly being adopted for enabling other digital technologies such as IoT and AI. Blockchain efficiently helps in linking IoT devices that aren’t connected to a single software. The technology makes AI smarter by helping it tap data sources.
Blockchain Reskilling With the expected incorporation of blockchain infrastructure in enterprises as standard protocols post 2025, the industry has anticipated a huge talent shortfall in the coming years. This has increased the number of blockchain-related training & development activities in enterprises.
Facebook – Leveraging its own digital currency, Libra to enable micropayments to support publishers and content creators Amazon – SONY Music Entertainment is leveraging Amazon Managed Blockchain for information processing of music copyright
Latest Reports Published in Draup
Amazon Account Intelligence Report: Amazon is keen to leverage its E-commerce services, cloud-based solutions, and podcasting business through mergers and acquisitions. Amazon focuses on developing various AI and cloud-based solutions and machine learning models to leverage its digital capabilities. Read More>>
Facebook Account Intelligence Report: Facebook is keen on providing networking and broadcasting solutions by leveraging digital technologies like Artificial Intelligence, Big Data, Cloud, Machine Learning, and Data Analytics. Facebook intends on partnering with media & entertainment service providers and technology firms to accelerate its platform services. Read More>>
Key Funding Alert
Edtech startup Camp K12 raises USD 12 Mn in Series-A round
The company said that over the next six months, it will add two new geographies and one new content category and will deepen its reach in each existing geography via a group class format that accounts for more than 25% of revenues in India. Read More>>
Startup Spotlight
Company – Buildots Total Funding – USD 46 Mn About: Buildots specializes in transforming construction sites into a data-driven digital environment. The solution turns every site walk into valuable process data that can immediately be used for gaining full control of a certain project. Read More>>
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