This week in Software: Augmented Reality takes a huge step into the enterprise software ecosystem
Latest Industry Insights from Draup Braindesk
Software startups are adding robust security features & cloud capabilities as a value-added service bundled with their digital services.
MobileIron aims to improve mobile security through Secure Messaging Solution to help enterprises, government, and healthcare organizations that provide data protection with enterprise-grade security
NCR Corporation aims to strengthen its digital capabilities through next-generation store architecture and expansion of its cloud-based point-of-sale platform to simplify store operation and provide seamless service for its customers
Latest Reports Published in Draup
PTC Account Intelligence Report: PTC focuses on enhancing digital transformation initiatives and advanced Industrial IoT platforms to leverage future solutions, optimize the enterprise processes, and promote manufacturing operations. Read More>>
NCR Corporation Account Intelligence Report:NCR Corporation aims to strengthen its digital capabilities through next-gen store architecture, and expansion of its cloud-based point-of-sale platform to simplify store operation and provide seamless service for its customers. Read More>>
Key Funding Alert
Australia’s Canva valued at USD 15 Bn after USD 71 Mn funding round.
Sydney-based Canva, launched in 2013, offers an online design and publishing tool with templates for presentations, social media graphics, and posters, among others. Canva claims it remains profitable, achieving a 130% year-over-year increase in annualized revenue which has surpassed USD 500 million. The company has also surpassed more than 55 million monthly active users. Read More>>
Company – Unikie HQ Location – Tampere Area, Finland Total Funding – USD 13.56 Mn About: They are a software development company that develops demanding software solutions for the needs of the automotive and machine industry and telecom and mobile industries. They incorporate unique partnerships into their customers’ key projects and provide particularly talented software development experts. Read More>>
Key Insights and Signals in Enterprise Software
Centre Setup and Expansion HealthEdge partners with ThoughtWorks to build a Global Development Center The goal is to scale HealthEdge’s processes around sourcing, capacity building, and training to effectively onboard engineering leaders in India. HealthEdge is located in Koramangala, Bengaluru, the heart of the IT capital of India and Hinjewadi in Pune. Read More>> Payments giant Stripe expands to Middle East with Dubai office The Company said it was entering the market in partnership with Dubai-based payments processor Network International. Stripe’s value soared last month to USD 95 Bn after it capitalised on a boom in e-commerce with a round of funding. Read More>>Deals HMRC signs reworked, three-year public cloud deal with AWS worth £94m The reworked deal is understood to have commenced at the start of April 2021, is set to run for a total of 36 months, and includes a commitment from HMRC to spend a minimum of approximately £29m a year on AWS services. Read More>> ABB AS and Siemens Energy awarded new service agreements for electrical equipment at offshore and onshore facilities in Norway The total value of the agreements with options is estimated at around NOK 4.5 billion. The scope is expected to require about 100 man-years in Norway. Read More>> LexisNexis to provide giant database of personal information to ICE Data brokerage firm LexisNexis, better known as a tool for scholarly and legal research, signed a USD 16.8 Mn contract on Feb. 25 to sell information to U.S. Immigration and Customs Enforcement. Read More>> Creative Zone signs deal with Microsoft and Crayon The strategic partnership with Microsoft and Crayon DMCC is to optimise their digital operations among its SME customers through Microsoft Office 365 Enterprise Suite and other cloud-based solutions. Read More>> Microsoft to make augmented reality headsets for US Army worth USD 22 Bn Microsoft would supply at least 120,000 troops with the devices. Military officials said the technology will improve soldiers’ ability to see their surroundings and identify targets and danger. The technology is based on Microsoft’s HoloLens headsets, which were first designed for video games. Read More>>Merger and Acquisitions Tyler Technologies acquires ReadySub Tyler Technologies, Inc. TYL recently acquired cloud-based school scheduling platform, ReadySub, to expand and strengthen its school portfolio. The acquisition will help the company bring more comprehensive schooling solutions to its school district clients, by helping them implement all-in-one workflows. Read More>> Naviga Acquires RSG Media The addition of RSG Media adds content rights management, audience growth and advertising revenue optimization to Naviga’s digital solution set and further diversifies its global media portfolio. Read More>> Sitecore has announced the acquisition of two businesses
Minneapolis-based Four51, a B2B-first eCommerce company
Boxever, a digital optimization platform based in Dublin, Ireland
The acquisitions come after Sitecore’s announcement of a USD 1.2 billion investment plan focused on aggressive growth and product innovation. Read More>>Partnerships Improbable and Microsoft announce a global partnership covering the defence and national security sector The partnership will see Improbable’s synthetic environment platform become available on Azure on-premises, cloud and cloud-to-edge services. Read More>> CherryRoad announces partnership with DocuSign Under this partnership, CherryRoad will implement and support both DocuSign eSignature and DocuSign CLM (Contract Lifecycle Management) solutions under the Agreement Cloud. Read More>>Executive Movement Red Hat has named Marjet Andriesse to lead the company’s Asia Pacific business as new vice president and general manager She takes over from Dirk-Peter van Leeuwen who is appointed as VP and GM of Commercial Sales, North America. The company said the appointments are effective immediately and both van Leeuwen and Andriesse will report to Larry Stack, executive vice president of Global Sales and Services, Red Hat. Read More>> Teresa Carlson named Splunk President, Chief Growth Officer Carlson joins Splunk from Amazon Web Services, where she is vice president of worldwide public sector and industries. In her new role, effective April 19, she will lead and work closely with Splunk’s sales, customer success and marketing leaders. Read More>> Ferenc Hegedus promoted to manage Business Services for EMEA region at IBM As part of this new role, Mr Hegedus manages categories including Payroll, HR Benefits, Education, Translation, Talent Acquisition, Accounting and other professional services. Read More>> Software AG appoints new Chief Marketing Officer The company announced the appointment of Dawn Colossi as Chief Marketing Officer. With over 25 years of digital marketing experience, Colossi brings a wealth of experience in driving award-winning digital marketing programs for high-growth companies. Read More>>
Key Insights and Signals in Consumer Software
Mass Hiring Amazon says its delivery station in Lexington will create hundreds of jobs The facility will increase the efficiency of Amazon’s last-mile delivery capabilities to customers in Lexington. It will create hundreds of full- and part-time jobs, paying a starting wage of $15 per hour and offering various benefits from day one. Read More>> Product Launch and Feature Update Practo launches online consultation with doctors in 15 Indian languages This initiative will allow users to choose a doctor who can speak in their preferred language, including Hindi, Marathi, Tamil, Kannada, and Bengali. Read More>> Handsfree listening in Spotify hey have started rolling out the “Hey Spotify” trigger phrase to users who want to be able to control the app when their hands aren’t free to tap on it. Read More>>Partnerships MoneyGram announces a three-year extension to its partnership with SBI Remit MoneyGram and SBI Remit have delivered advanced and affordable money transfer services to meet their combined customer base’s demanding needs through both digital and walk-in. Read More>> Motional and Lyft agree with ‘world’s largest’ robotaxi partnership The platform is the convergence of mobility’s two most transformative technologies – electrification and autonomy — and signals the future of transportation. Read More>> Namshi Partners with JD.com The strategic partnership will see Namshi bring the best of Chinese lifestyle products and digital capabilities to the Middle East through its e-commerce platform. Read More>>Executive Movement Expedia adds SoftBank deputy general counsel Patricia Menendez-Cambo to the board Menendez-Cambo described travel as “critical to the global economy,” saying that she’s excited to join the Expedia Group board “during an era of recovery and transformation for the travel industry.” Read More>> MoneyGram (MGI) announces Hilary Jackson as new COO Hilary’s strong track record of success leading technology and operations functions in the financial services sector will be critical to helping MoneyGram continue to lead the evolution of digital P2P payments and mobilize money. Read More>>Merger and Acquisition Oslo-based employee engagement and learning platform Motimate acquired by Kahoot Kahoot! has acquired 100% of the shares of Motimate at an enterprise value of USD 25 – 27 Mn on a cash and debt-free basis, including a 2021 performance-based element, reflecting an approximate 5x multiple on an ARR target for 2021. Read More>> Pinterest is reportedly in talks to acquire VSCO One possibility is acquiring the owner of VSCO, the app for editing / sharing photos and videos that has brought in-depth tools to mobile users for years. Read More>>
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Introducing Statements, Earnings Call Transcripts, and Ratio sections in the Financials section.