Key Signals in Enterprise Software
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Centre Setup and Expansion
Microsoft Brings its Dream Space Experience to Northern Ireland
The company has announced the opening of its dedicated innovation and education hub, Microsoft Dream Space, in a new state-of-the-art learning center in W5, Belfast’s award-winning science and discovery center. Read More>>
Deal
Nomitri Chooses Verimatrix XTD to Protect Innovative Cashierless Checkout for Cart-Mounted Smartphones
The company has selected the Verimatrix XTD technologies to protect its integrated visual AI technologies used by retail shoppers. Nomitri transforms cutting-edge research in embedded visual deep learning into innovative solutions for retail and rapid commerce. Read More>>
Partnerships
ConsenSys Partners with PayPal to Integrate Onramp Payment into MetaMask By DailyCoin
This will make MetaMask the first Web3 wallet to integrate PayPal’s on-ramp solutions for payments. The integration will allow select U.S. MetaMask users to purchase Ethereum at a 1% fee via the mobile app. Users can purchase and transfer ETH by simply tapping the buy button and logging into their PayPal accounts. Read More>>
Cramer Rosenthal McGlynn Partners with Linedata
Leveraging Linedata’s Asset Management Platform (AMP), CRM configured a new, comprehensive process to manage its account base, facilitate onboarding, and handle trading instructions remotely. Read More>>
Cloudian Announces New Integrations with Veritas Technologies
The integration will enable mutual customers to deploy Cloudians award-winning S3 Object Lock ransomware protection in their Veritas NetBackup and Enterprise Vault environments. Read More>>
Merger and Acquisition
Lectra on an Acquisition Spree Again as it Acquires 51% Stake in TextileGenesis
The acquisition is intended to accelerate the development of sustainable material traceability solutions and deepen the knowledge of the textile value chain in the fashion industry. Read More>>
ANSYS Set to Acquire Germany-Based DYNAmore Holding
Post the acquisition, ANSYS is expected to integrate DYNAmores go-to-market and development expertise into its existing research and development, sales, and engineering teams. Read More>>
Executive Movement
GoGuardian Elevates Michael Jonas to Co-President and Chief Operating Officer
Since joining GoGuardian in 2019 as Chief Financial Officer, Jonas has guided the company through exceptional growth in support of its mission to help all learners feel ready and inspired to solve the world’s greatest challenges. Read More>>
Financial and Market Activity
Guidewire Q1 Loss Narrower Than Expected, Revenues Up Y/Y
The company reported a non-GAAP loss of twelve cents per share in first-quarter fiscal 2023, narrower than the Zacks Consensus Estimate of a loss of 39 cents per share. The revenue of USD 195.3 million, rising 18% year over year and beating the Zacks Consensus Estimate by 2.5%. Read More>>
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Key Signals in Consumer Software
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Product Launch
Ugreen Releases Pair of New GaN Chargers for your Apple Gear
New USB-C desktop chargers can charge a MacBook Pro, iPad, and other devices in 90 minutes. Quick-charging technology in each charger can fully charge an M2 MacBook Air in 1.5 hours. The product’s outer shell is UL94-V0 flammability-rated and heat-dissipating for overnight charging. Read More>>
OTT Pay Launches Shopify Integration to Provide Payment Service for Merchants
The extensive service network of OTT Pay will also assist vendors in expanding their reach to China’s 1.1 billion mobile users and capturing new business opportunities. Read More>>
Partnership
Volvo and Uber are Working on Self-Driving Trucks
The two companies have announced a new long-term partnership to offer autonomous freight capacity on select routes, starting in Texas. When Uber needed vehicles to build its self-driving technology, it chose the Volvo XC90 as the basis. Read More>>
Deal
Flipkart, Walmart Sign Pact with India’s NSIC to Boost MSME Exports
The two companies signed an agreement in New Delhi with the National Small Industries Corporation to speed up capacity building for micro, small and medium enterprises (MSMEs), help them expand nationally and globally, and join global and domestic retail supply chains. Read More>>
Merger and Acquisition
Instant Grocery App Getir Acquires its Competitor Gorillas
This is a major consolidation deal for the instant grocery delivery space. The Financial Times first reported that Getir had closed the acquisition of its competitor. Read More>>
Patent
Microsoft Patent Features Xbox Controller with LCD Screen
The screen would work towards notifying players when they are using a mobile device or console. It is trying to make the Xbox system more user-friendly, and modifying Xbox controllers seems to be the right step in that direction. Read More>>
Layoff
Playtika Downsizes Workforce by 15% with 610 Layoffs
While the company had expanded its workforce significantly during the pandemic, this year has been marked by downsizing, with the first round of layoffs happening in June. Read More>>
Blue Apron to Cut 10% of Corporate Workforce
Shares of the company, which is facing uncertainties around funding, rose as much as 12.5% at open after it also identified up to about USD 50 million in cost cuts for 2023. Read More>>
Financial and Market Activity
Acer Reports November Consolidated Revenues at NT$ 18.91 billion, Up 4.7% Month-on-month
Its year-to-November revenues reached NT$252.54 billion, down 12.7% year-on-year. Businesses other than PCs and displays contributed 26.6% of November revenues. For year-to-November, this portion of business showed 11.7% growth YoY. Read More>>
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Latest Industry Insights from Draup Braindesk
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Key Funding Alert
Foxconn Invests USD 500M in India Business as Apple Reconsiders China Production
The company has invested USD 500 million in India to reduce its dependence on China. The Taiwanese investment shows that Foxconn is investing more in its India operation. Taiwanese manufacturer appears to be making the leap as well by expanding its chip-making factories in South Asia, particularly India, where Apple may look to house a top iPhone hub by 2025. Read More>>
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Startup Spotlight
Company – Bit2Me
Total Funding – USD 65.33 Mn
About: Bit2Me was founded with a 100% operative product that revolutionized the sector as the first service to integrate crypto assets into traditional banking through 10,000 ATMs, democratizing access to first-generation crypto assets. 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 Guest Users
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Make collaboration with your colleagues a breeze! Invite your colleagues to Draup as Guest Users and collaborate on projects. Guests are above and beyond your allowed Draup licenses and free of charge (up to 5 guests per paid license). The guest users will have access to My Leads and Signals features in Draup.
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