Key Signals in Enterprise Software
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Centre Setup and Expansion
Sprinklr expands presence in India with a new office in Gurgaon
The new office is in the heart of Gurgaon’s business district and is the global research and development (R&D) hub for Sprinklr. The company has plans to further expand its team in Gurgaon, adding more than 400 new engineers by the end of the summer. Read More>>
Global Technology Company Schlumberger opens new office in Windhoek
The company is working to develop local talent through university collaboration, local recruitment, and accelerated training programs with gender diversity and inclusion. Read More>>
Mass Hiring
TeamViewer to increase India headcount by 30%
The hiring will be led from Mumbai to expand the company’s presence in India, which is part of TeamViewer’s growth strategy for the APAC region. The roles at Mumbai will largely focus on engineering, sales, and customer service. Read More>>
Deals
Synopsys and ReversingLabs sign agreement to enhance Software supply chain risk management
The agreement provides software development and security teams with a comprehensive software supply chain risk management solution. Read More>>
IDEMIA selected to supply Automated Border Control System
Singapore’s Immigration & Checkpoints Authority and Home Team, Science and Technology Agency, awarded IDEMIA the highly competitive Automated Border Control System contract for all air, land, and sea travelers. Read More>>
Tech Data bags APAC distie deal with GitLab
The distributor will bring GitLab to channel partners and independent software vendors in Australia, New Zealand, Singapore, Malaysia, Indonesia, and Vietnam. In addition, Tech Data will also have distribution rights for GitLab in India and Japan. Read More>>
Merger and Acquisition
OneMagnify acquires RXA
The integration of OneMagnify and RXAs’ combined capabilities will enhance existing service offerings, drive innovation, and provide exceptional value to clients. Its advanced technology and skilled team are poised to augment OneMagnifys analytics and insights capabilities, accelerate its growth, and expand its market opportunity. Read More>>
Layoff
Marqeta to cut workforce by 15%
The company plans to cut about 150 employees as part of a cost-cutting plan aimed at becoming profitable. Read More>>
Partnerships
M-Files enhances integration with Microsoft Teams, Outlook
The integration will help M-Files deliver seamless content collaboration around all enterprise data regardless of its content repository. Read More>>
Builder.Ai partners with Microsoft to democratize software development
With this collaboration, both companies will be creating AI-powered solutions that empower businesses to develop applications and become digitally native without the need for any technical expertise. Read More>>
Executive Movements
Medallia appoints new CFO And CTO
The company declared the appointment of two new members to its C-suite. Dan Madden has been named Chief Financial Officer, while Robert Baca steps into the role of Chief Technology Officer. Read More>>
DocuSign announces Blake Grayson as incoming Chief Financial Officer
Blake will succeed Cynthia Gaylor, who will remain as DocuSign’s CFO through the release of the company’s Q1 earnings. He has exceptional intellect and agility, demonstrated CFO leadership of a high-growth, category-leading public software company, and deep operational and finance experience. Read More>>
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Key Signals in Consumer Software
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Merger and Acquisition
Mr. Cooper Group to acquire Home Point Capital for USD 324 Mn in cash
This acquisition is consistent with Home Point’s strategy of growing Mr. Cooper’s customer base, deploying its capital with a focus on attractive risk-adjusted returns, and maintaining a very strong balance sheet. Read More>>
Partnerships
Paysend and TelevisaUnivision partner to enable card-to-card money transfer to Latin America
TelevisaUnivision will become a shareholder in Paysend and will help the brand scale its presence with US Hispanics and Latinos globally by leveraging TelevisaUnivisions massive reach and media assets. Read More>>
MakeMyTrip collaborates with Microsoft for Voice-Assisted Booking in Indian languages
The new tech stack powered by Microsoft Azure OpenAI Service and Azure Cognitive Services offers personalized travel recommendations based on user preferences. It curates holiday packages tailored to the occasion, budget, activity preferences, and more and even assists with booking. Read More>>
SpotDraft partners with Microsoft to integrate its CLM platform with Word
The integration makes Microsoft Word the primary editor on the SpotDraft platform, enabling users to access Word’s full suite of capabilities from directly within SpotDraft. It gives its customers the ability to work in the document editor they are already comfortable with and in the .docx format that ensures compatibility. Read More>>
Layoff
Meta to cut 6000 jobs in the latest round of layoffs
The company is reportedly going to start laying off more employees next week in its third round of job cuts. The layoffs will affect Meta’s business departments and could affect thousands of employees. Read More>>
Executive Movements
Lyft names Erin Brewer as CFO
Erin Brewer will replace Elaine Paul as Lyft’s chief financial officer following the appointment of a new CEO. This change comes after Lyft’s forecast of a sluggish second quarter due to price cuts in its competition with Uber, impacting margins. Read More>>
Paytm elevates Bhavesh Gupta as COO
In his new role, Gupta will be leading the company’s lending, insurance, online and offline payments, and consumer payments verticals. He will drive key initiatives, including user growth, operations risk, fraud risk, and compliance. Read More>>
Diego Piacentini joins DoorDash Board of Directors
Diego has helped major technology companies, including Amazon and Apple, expand internationally and navigate complex business operations on large scales. Read More>>
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Latest Industry Insights from Draup Braindesk
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Strategic Key Focus Areas:
Next-Gen Channel Management
- Pinterest focuses on expanding channel management to introduce a royalty-free music library that includes licensed popular tracks powered by 7Digital, the leading B2B digital music solutions platform that is available on iOS and Android and rolled out a new music user experience.
- The company is keen on introducing new innovative merchant features to help retailers realize success on the platform, offering Pinners an even more extensive shopping experience.
Advertising Technology Solutions
- Pinterest is keen on visualizing new products via AR technology to enable Pinners to virtually place items from US retailers that allow consumers to use the Pinterest Lens camera and try them before they buy.
- The Company Pinterest is keen on introducing AR Try On for Home Decor for the ultimate online home shopping experience to help Pinners visualize new products.
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Key Funding Alert
AWS to invest USD 12.7 billion in India
Amazon plans to invest USD 12.7 billion in its cloud business in India by 2030, creating over 131,700 full-time jobs in engineering, telecommunications, and construction. This investment aims to scale up AWS infrastructure in India, highlighting its importance in the overseas market. Read More>>
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Startup Spotlight
Company – Threecolts
Total Funding – USD 91.69 Mn
About: Threecolts is an e-commerce management platform provider offering software to help businesses manage their sales channels on Amazon, Walmart, and eBay. It is Trusted by over 22,000 businesses globally, including Samsung, Panasonic, and L’Oreal. Read More>>
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Latest Reports Published in Draup
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Here’s what’s new on our Sales Intelligence Platform
Introducing Events App to help you stay informed about upcoming events
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- Introducing Events app – Stay informed about upcoming events that match your interests
- Empower collaboration with our latest update on Lists! List owners can now easily grant or revoke permissions for colleagues to add or remove potential leads from their lists
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